Straight Plc Share Discussion Threads

[charo] 29/6/2013 09:19

on all previous announcements the bold js gives his contact telephone number.with this horrible statement no balls j uses the pr company as a shield.
he had no difficulty appearing on front page of yorkshire press sponsoring a new arts centre with straight plc money.only 5k but hey not his anyway.22/6/13.all round good guy with shareholders money.

[charo] 29/6/2013 08:24

note 1 to the prelim ;these represent material uncertainties which may cast significant doubt over the ability of the group to continue as a going concern.
very strong qualification from auditors.
on a further point rule 19 insists that published audited accounts must be sent to shareholders within 6 months ,a electronic copy sent to exchange and at the same time available on rule 26 aim site.i have not seen any announcement that accounts have been posted,or on aim site although they have given the date of the agm as 26th july so i might have missed it.so technically in breach of aim rules unless posted over weekend.
topvest the debtor figure and cash is 2.9 million not 5million.

[topvest] 28/6/2013 19:11

Yes, the balance sheet is awful. £9m of current liabilities and only £5m of debtors and cash. All credit to Mr. Straight for keeping this going without dilution...the man is obviously a great salesman. Must have been on the brink. No more scope for any more errors though!

[charo] 28/6/2013 16:52

further they have only cash assets in debtors of 2.8million to meet current cash liabilities of 8.8 million with further deferred liabilities of 1.5 million excluding non cash deferred tax.stock is a sunk cost on a going concern basis.7.5 million cash shortfall.

[charo] 28/6/2013 16:44

year end 2011 accounts
we are optimistic for the year and beyond.
interim 2012
group is now in excellent position to drive improved profitability.
year end 2012
interim operating profit 283k
second half loss (527k)
annual operating loss (244k)
the loss of 12p per share is the reason for the late announcement.plus how on earth the carrying value of intangibles has been maintained.
suspension was always on basis they did not announce.

[sg31] 28/6/2013 16:08

They are out now... so no suspension. Just like when you said they wouldn't get their funding...then they did.

Cheer up charo you might get something right one day.

Not great results but things seem to have turned the corner. I just hope they don't do any more strategic acquisitions.

[knigel] 28/6/2013 16:08

RNS OUT NOW!!!

Not great but 2013 is showing a return to profitability!

[charo] 28/6/2013 15:42

what is going on ,market now closed and still no accounts shares must be suspended monday.

[charo] 26/6/2013 07:15

copanies act 2006 requires public companies to hold an agm within 6 months of end of financial year.clearly straight are in breach of act.

[charo] 24/6/2013 08:30

contiuing obligations rules 19 and 40 in conjuction with guidance notes the company will be suspended if accounts are not reported within 6 months.at least know the rules of the market place as i do having been involved for many years.the company has disappointed over past 3 years losing substantial value for long term shareholders ,as opposed to day traders.announcements are flaky to say least,massive contracts which are no more than invitations to tender.missed accounts dates ,botched up gm dates and more importantly serious deficiences in performance ,the board still does remarkbly well in terms of remuneration.the company does market itself very well and its products but marketing will only work for so long in the absence of solid results and trustworthy verifiable statements.

[gelp] 24/6/2013 07:39

Charo:
With respect, what rule provides for hanging, sorry suspension, I cannot find one or for hanging either! I understand with limited knowledge , in the event of any delay, and that can be for a number of very legitimate reasons, there may be some ongoing activity, or whatever. There are a series of escalating fines, starting at £150. Like if you do not do your tax return on time! There is a period of grace anyway. PLC reports and announcements undergo a number of checks and verification to avoid errors and omissions which may be picked up by eagle eyed fans such as your good self later on. One thing is certain - the results will come out!
I can see you are impressed with the marketing at least.
I am a longstanding shareholder, have been in and out at various times. Definite in now.
Are you a concerned shareholder? What ever the rhetoric surely we have the same interest at heart.Do you genuinely consider the shares cheap or expensive? Personally, given what we know, I am a buyer as far as I can afford to be so.

[charo] 21/6/2013 08:05

last year after a series of mishaps and missed deadlines eventually reported on 30th may.we are now one week from suspension and no one can tell me when accounts will be issued.cenkos in dark and fd wont comment.

[charo] 21/6/2013 07:53

one week to suspension.

[gelp] 18/6/2013 20:40

Charo, try:-
www.socialstockexchange.com

This is an extra credential. Any planning permission to day needs more than just one green element to it by law, Councils are indoctrinated with the need to deal with Green suppliers, and so any efforts to improve STT deliverance of good social and green values, is an extra plus point, an edge V competitors.
This is the 21st Century and purchase decisions are not just based on value for money but very much so on the Social and environmental impact.
I would not underestimate the benefits that this kind of a philosophy can bring. STT have been contributing to a better environment etc for years. This is concrete recognition of that. STT is ahead of the game - again.

[charo] 18/6/2013 07:24

after the unexplained non release of results on 6th,as promised by fd and confirmed by releaf polhill i was subsequently informed that redleaf had now confirmed the 18th as the latest date.
what is going on.the silence is deafening.

[charo] 09/6/2013 12:15

also told 6th june but hey this co does what it likes,js anyway dictates,the advisors have no influence .i spoke with two brokers who act for me ,i am a significant investor and they had never heard of this exchange. lets wait for accounts which must come soon if suspension is to be avoided.

[graham1ty] 07/6/2013 07:10

I spoke to the FD last week. results on 6 June......so why have they not appeared ?

[gelp] 06/6/2013 15:59

Interesting. Social Stock Exchange. Does not replace the Main one!!!
Have to go through severe hoops to achieve this and must be a 'selling point', on a daily basis with Authorities who are driving Green targets, the public who are more aware, and of course investment community who can invest with a clear conscience. Seem to be in very good company, and this will grow significance.

[phoenix1234] 03/6/2013 16:56

Ocean Equities bullish on latest news http://www.shareprophets.com/analysis/543/condor-gold-ocean-equities-bullish-on-latest-news

[phoenix1234] 03/6/2013 16:55

Financing agreement - Buy http://www.shareprophets.com/analysis/544/straight-plc-financing-agreement

[gelp] 03/6/2013 08:15

Price has only partly recovered from a ridiculously and unfair low level. stock tightly held so was never going to stay that low once sentiment changed. Some would say £4 mill is still ridiculously low for this company with underlying longevity and quality of business and attraction to consolidators. Next Numbers will say a lot, but note no warnings this year - and there have been chances to do so. Price recovers then perhaps Mr Straight will do more consolidating himself!

[topvest] 03/6/2013 07:33

Yes, undoubtedly good news for Mr Straight and shareholders. This has obviously already been reflected in the price. Be interesting to see the numbers in the next week or two. Pleased that they have kept going.

[gelp] 03/6/2013 07:05

Agreed!

Gone are the days when finance for working capital and business development could be taken for granted. Banks are reviewing downwards practically every ones facilities today, and with very short term reviews as well.
Hence the relevance of this 3 year deal.
Add to this facility the recent Dyro refinancing of some £2 million of vendor debt and the picture is very encouraging.

I like the future growth reference!