Presumably because it's technically insolvent and basically worthless? |
It's only a few months takahes a long time to sell a business like this, |
That's old news,it looks like they tried to sell it but couldn't and gave up. |
They may have a buyer hold onhttps://businesscloud.co.uk/news/sheffields-jaywing-plc-put-up-for-sale/ |
Must be news, why would it suddenly wake up. Volume picking up |
Placing 1p |
I'd be surprised if these hadn't gone bust by the end of next year at the latest. |
Looking positive |
That is people business for you...head becomes big and the mind drifts away... |
This company has spent 20 years and well over £100m buying successful, profitable businesses only to screw over their manage teams who leave and then destroy the business they bought.. £100m to create a £20m turnover (and declining)business that’s loss making with £10m of debt.. time to face facts, it’s time this company was mercifully put down.. |
Finally they removed the utterly inept Andrew Fryatt. During his tenure he managed to contract the business and walk away with over £1m in salary for his pathetic efforts. |
What happened to 15p?! |
looks like they have removed some dead wood - and then a new business win! more needs to be coppiced |
Another round of redundancies. A shake up is desperately needed. |
Lets be honest, Fryatt hasn't pulled up any trees has he? Obviously he was brought in to oversee some big changes overall. Ultimately whilst there may have been a clear out at the top of the business, it seems some of the leaders of the day to day operations of the business have stuck around. The same leaders who oversaw turning over a miniscule profit a few years back?
The growth engines seem to have gone now everything has been brought under one roof and it doesnt feel the Aus business is as buoyant as they try to make out.
Cant see much upside to this for a few years to be honest. Feels like they are trying hard to shake the shadows of the past, and have forgotten what actually made them an investable business previously |
agree - he’s an improvement on the previous chairmen (M.Boddy) - at least there are no more expensive vanity acquisitions and mates share allocations.
But fryatt has got no agency experience - he has never worked in a creative agency
I’m also concerned that he’s not really addressed some of the senior leadership team problems- no real digital agency experience.
In a recent interview with BBC Look North - they seem more concerned with the colour of the office cushions!
A lot of the redundancies that the previous chairman ( Boddy) made are now coming back to haunt the agency.
A fair few have gone onto setup new agencies and are slowly eating away at the Jaywing client base. Yorkshire water gone, HSBC gone and BP castrol looks under threat.
Where are the jaywing new clients?
They need a reboot - get rid of the inexperienced directors/leadership team and find a new CEO asap. |
Surely it's time to start asking questions on whether Andrew Fryatt is the man to get Jaywing firing.
During a very buoyant period for marketing where many competitors were growing there was precious little good news coming out of Jaywing.
Now the market isn't quite so healthy we're immediately hit with a profit warning and further penny pinching updates.
Serious questions need to be asked, and answered. |
I think that Midisi deal could be a real game changer...massive upside potential. |
Nice one! Any good news is very welcome at the moment |
Major shareholder announcement has livened up the share price somewhat |
Disappointing share price reaction but that's the nature of the market I guess.Perhaps the proposed acquisition is getting the thumbs down but appears to be a decent proposition subject to getting it at the right price. |
All quiet here. Seems like a decent update, but the price falls. |
The Newbury office doesn't seem to be listed on their website any more. |
The accounts do need a careful read as restructuring needs looking at by qualified accountants not involved. Some in the past have proven to work out well but some quite the opposite. The experts may well be able to see what is disguised or not. |
Such an embarrassing use of EBITDA IMO. The EBITDA quoted omits all office rent because of the super-daft IFRS 16 AFAICS.
It really is time the regulators stopped companies from headlining stupid numbers IMO. |
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