Saietta Share Discussion Threads

[casholaa] 06/3/2024 12:15

As far SED is concerned, any buyer would have to weigh-up the likelihood of getting paid.

[casholaa] 06/3/2024 12:08

If it's any consolation, I've been shagged on cpi, vod, mobico, and my stops on ipf gave me a kicking last week. I'll likely get kicked again tomorrow on ent -we shall see.

[casholaa] 06/3/2024 12:00

You have my sympathy. We've all been there. It's all about money management. You need to make a note of where it went wrong on your part and risk management, not the part of the company. The company went wrong due to the assumption that they would get paid quickly or within a reasonable time and relied upon that. I don't think that there was anything inherently wrong with the company, just over-reliance on others paying. I don't think that you picked a bad company. I got stopped out a while back without even noticing, it's only when I saw the share price had tanked that I started taking an interest here again. I haven't made anything here, possibly a small loss, but getting stopped-out saved me even more money, that's why it's about money management and risk management on the investors side of things.

[dave2608] 06/3/2024 11:35

Paul Hill just bowled him lollipops, over after over.

[dave2608] 06/3/2024 11:26

Paul Hill must read the comments on here. After all he posts regularly. You'd think that with so many people in unison panning the company for monthas on end that it would make him sit up and take note, or at the very least make him field posters concerns in the form of hard ball questions to Tony Gott. But no, it didn't.

[countbasie1] 06/3/2024 11:17

Less sed the better.

[owenski] 06/3/2024 08:56

Deathly silence from Paul Hill on this one, considering his unabated enthusiasm.

[tightfist] 04/3/2024 21:38

Lucy Winterborne and Dan Hurd of EY-Parthenon's Turnaround and Restructuring team were appointed as administrators of Saietta earlier today.

[casholaa] 04/3/2024 17:04

It had a mention on Sky not 15 minutes ago.

[tightfist] 04/3/2024 16:37

Agreed: “The Art of Execution” with its memorable sterotypical characters is a great read. (eg: A Stop Loss set at 20-33% did/would have helped here at SED).

[eagle eye] 04/3/2024 13:42

Money never sleeps

Two books I'd highly recommend:

'Best Loser Wins' by Tom Hougaard and 'The Art of Execution' by Lee Freeman-Shor.

These will give you a model to work with and would save a lot of people a lot of money.

[glavey] 04/3/2024 12:10

"This has been poorly managed from day 1."

Given the amount of capital raised from willing participants some might consider that it's been rather cleverly managed.

[pugugly] 04/3/2024 11:48

Mns:> Very true - I would add to your words of caution that one should-
-Spot and beware of stocks in areas that are suddenly fashionable, particularly in the ESG area and are also being ramped to heaven by investment influencers posting unsupported stories of fantastic future opportunities.

Learn to judge when to step off the escalator and do not worry if you miss the top - Remember a bird in the hand is worth far more than one in the air.

[casholaa] 04/3/2024 09:40

@mns, learn from the experience. Many of us have been in similar positions, more than once, just try to retain something from this experience for the future.

[money never sleeps] 04/3/2024 09:32

Awful experience here. Generally, AIM is not a good place to be invested. In summary financial regulation of companies and financial PR / brokers is p-poor in the UK.

[dave2608] 04/3/2024 08:56

Fair play to Saietta, they kept their foot on the gas. It was a clown show from beginning to end.

I suppose it's now watch the aftermath. Are they obliged to update the market on the step by step progress of administation?

[owenski] 04/3/2024 08:42

It's a shame, possibility that people will lose jobs here and I feel for them.

I do not feel sorry for the ramping gambling bellends that pitched up here when the writing was on the wall, posting things that implied upside. Idiots.

[casholaa] 04/3/2024 08:27

Learning experience, free for some, expensive for others.

[pre] 04/3/2024 08:19

Writing was on the wall, at least the company did warn in advance about the risk of administration and even gave an estimated timeline. So it was all there and you take your chances.

[dave2608] 04/3/2024 08:12

There's an optimist on the LSE board. Still thinks they will get a return on their self confessed gamble. If carlsberg did optimists.

Here's the post:

I think we will return it’s a bit drastic considering; to intend to appoint administrators right now when they have funds until the end of March and may get the receipts in this month too, they could be offered finance and or sale of parts of the business from today. It’s suspended voluntarily remember. It’s not over yet despite everyone assuming! There’s too much money and very little stock here so even if they sell the entire business with little debt (they may still make arrangements for this) we will get ££’s. I’d say watch this space! I think our gamble is ours and it will still return more to us than we’ve invested at these levels!The point of voluntary administration is to reorganise and have the time and space to do so. The time pressure is why they’ve chosen this route. The administrators may well find a route out with finance this month. The other big buyers did so with a calculated risk view and having been in this situation I’ve benefited from this before. We may even see some form of RTO. even if all assets sold and any remaining acting as a cash shell. The fat lady hasn’t even got her dress on yet, so watch this space !IMHO DYOR

[casholaa] 04/3/2024 08:10

I have no idea how this will eventually resolve but, it looks like those that did not give in to fomo may have done well to have done so. I am pleased that I did not succumb to the fomo. I do wonder whether the shareholders may still receive something???