Kinovo Share Discussion Threads

[dudishes] 07/5/2022 16:44

If header is correct, and you are Bilby @26p, not such a bad loss?

I think too low a level to hit my shorter list!

cheers

[dudishes] 07/5/2022 16:36

M, your role here is worthless.

As with many other share sites you deem to manage.

Looking for glory without stumping up? £6 a month, suppose it's worth the adulation?

This outfit flagged as a short in Nov 21, where were you then?

cheers

[masurenguy] 07/5/2022 16:10

Dudishes - if you are referring to me in #296 then I suggest that you do your own research. My role here does not include any responsibility to provide you with insight. You are perfectly free to set up your own alternative thread and post your own research there.

[dudishes] 07/5/2022 15:55

Sooty,

Correct.

M:- Your research not good enough.

[patient fox] 06/5/2022 19:14

still withholding information as well as deception in detail of sale.I think regulators need to look into this.Nico do you think an egm is required or will you talk with bullen?.

[base7] 06/5/2022 18:57

Total debacle & can only be redeemed by full disclosure on Monday showing full extent of potential liabilities ( which they probably cant do 0 & accompanied by substantial PDMR buying (rather than token).
Whoever was responsible for due diligence should be rapidly disposed of as the chain of events is staggering & Paul Eghan appears to have no visible corporate history -apart from a registered office address in Coventry for 4 tiny companies which which he is or has been a Director of .
Hoping there is an explanation & todays RNS will be amended but sadly likely to be wishful thinking .

[qs99] 06/5/2022 16:26

A few buyers have helped the SP, need massive director buying IMO to steady the ship.....anyone happens to phone them, let them know from me!

Tough day.....good weekend all

[sooty snipes] 06/5/2022 16:00

My apologies tiswas. I've amended my post. You're quite correct The sale was to MCG Global as in RNS of 12th of January. Have I got this right? MCG Global was only incorporated on the 3rd of May 2021? Registered to Mr Paul Eghan. So is this the purchaser of DCB Kent? DCB Kent ltd shows a Pierre Valentin as a director.

[tiswas] 06/5/2022 15:54

Surely this can not be the purchaser? MCG Global as in the rns not MGC Global as mentioned above

[sooty snipes] 06/5/2022 15:27

Don't suppose anyone has spoken to Bullen today? That January announcement only told half the story. I can't believe Bullen has been so naive along with the other directors.

[masurenguy] 06/5/2022 14:13

Well I did some investigation into the purchaser and did not like what I saw. However, since no disclosure was made regarding working capital guarantees from the vendor to the purchaser in the January announcement, I just assumed that the worst case scenario was just to write off any subsequent consideration for DCB as there was nothing to indicate ongoing potential financial liabilities resulting from guarantees until project completions.

[sooty snipes] 06/5/2022 13:59

DCB Kent was sold to MCG Global Ltd. Who are they? This is listed under DCB Kent Limited filing history. Something really stinks about this deal. Due diligence of the buyer may have helped before signing off such a stupid deal.

[qs99] 06/5/2022 13:43

Not sure ALL SPA terms of listed in an RNS, you trust the management to do the right thing.

Director buying would be a good start. Continuing to deliver underlying business growth & EBITDA also, sorting / negotiating exit from obligations asap please Board!

[danboris2] 06/5/2022 13:24

Yep would be good to see the CEO buying now to show confidence in the business. If he buys I will

[qs99] 06/5/2022 12:54

If they pile in, then that would show some confidence.

Wonder what Instis/broker/nomad will say or try and force through. Underlying business is flying ffs!

[fozzie] 06/5/2022 12:50

Can't decide whether to average down or call it a day. Are the management team incompetent, is this an isolated error, is there more to come out?

[nico115] 06/5/2022 11:58

Yes I'm gutted Got it so so wrong Mas got it absolutely right The buyer of Dcb a wrongunWe must be a sitting duck now ?Sorry

[fozzie] 06/5/2022 11:19

Shameful from the board, obviously not a brain cell amongst them.

[sooty snipes] 06/5/2022 10:59

Nico how things can change from the 30th of April :o(
============================================
"Yes I still think we get taken over at 80p

Shocked this is so unloved here

No debt

Paying a divi

If I didn’t already own 4pct ..2.5m shares I would be an aggressive buyer here"
=============================================
This has gone from what i thought was a boring but solid earning company with very competent management to a cash draining catastrophe with clown management. So,so disappointing. Do I stick or twist? Still mulling it over.

[garyb01] 06/5/2022 10:20

Surly must be going for a MBO... otherwise total incompetence?

[qs99] 06/5/2022 10:07

"through to practical completion on each construction project" so let's hope that is not too long in the future!

[1bond] 06/5/2022 10:01

This is a disaster !!

Key questions have to be asked, why in the disposal announcement in November was the market not told about providing working capital guarantees? This is misleading and there could be repercussions for management.

Why in today's announcement have we not been told about the level of future liabilities ?
This is open-ended and creates great uncertainty.

Uninvestable until we have answers.