Saietta Share Discussion Threads

[tightfist] 09/3/2024 20:19

Another perspective:
hxxps://www.business-live.co.uk/manufacturing/saietta-group-calls-administrators-sunderland-28756663

[dave2608] 06/3/2024 14:54

Found his article from yesterday.

[dave2608] 06/3/2024 14:32

I seem to remember an article from this oak bloke. Wasn't he basing a fair chunk of his analysis on projections many years into the future?

[dave2608] 06/3/2024 13:43

In fact I'd say they shafted the market.

[dave2608] 06/3/2024 13:39

I don't see how it's a failure of the London equity market. Saietta got theselves into this pickle, nobody else. In fact they did very well out of the London equity market.

[dave2608] 06/3/2024 13:35

Ah but according to Tony Gott it was funded. Around August 2023 time. "There will be absolutely no need to go back to the market for any more money." (words to that effect)

[slicethepie] 06/3/2024 12:24

Good article by the oak bloke, not sure how to link. Main point this should have been funded at this late stage. It is a massive failing of the London equity market and advisors. We are a sinking country, we have great ideas but they are exploited by other countries. Our limp politicians know nothing about business

[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?