Share Name Share Symbol Market Type Share ISIN Share Description
Stratex LSE:STI London Ordinary Share GB00B0T29327 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.035p +9.72% 0.395p 0.37p 0.42p 0.395p 0.36p 0.36p 6,603,674 16:14:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.7 -1.1 - 2.77

Stratex Share Discussion Threads

Showing 34776 to 34798 of 35150 messages
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DateSubjectAuthorDiscuss
18/1/2018
09:51
What I do know, whether bonus was deserved or not, the board chose not to spread the wealth.
steve1905
18/1/2018
09:41
So if we consider the taking of bonuses as a barrier to leadership roles I think we will need to say goodbye to practically every serving CEO. I don't know if the bonus after Oksut was deserved or not.
romeike
18/1/2018
09:25
Romeike, I believe Mr Hall was on the board of Stratex when they awarded themselves large bonuses, after the sale of Oksut.
steve1905
18/1/2018
09:20
However low the share price here, its nothing more than a gamble. You would be choosing to back a failed management team who have no compunction about screwing over investors. Stratex, even with a large cash pile, in a buyers market couldn't pull off a decent deal - to the contrary, they blew every last penny.
steve1905
17/1/2018
23:01
SK's prediction will be spot on here when PG and the remaining institutions dump their shares.
5huu
17/1/2018
21:26
basically they don’t give a toss about shareholders and have no idea how to run a business. The share price says it all. Juju - you are being polite calling this lot gangsters!
jimbowen30
17/1/2018
17:36
All blame is firmly with Marcus Engelbrecht, Bob Foster, Stratex and Hannam & Partners. All here would be wise to now write off their investment without a wholesale wipe out of the current board - from the look of the share price shareholders have already made their minds up about the chances of this board ever doing the right thing.
romeike
17/1/2018
17:27
I don't necessarily have the faith in Mr Hall that you subscribe. From what I see, he marched shareholders up the hill and then disappeared. He owed/owes them an explanation of their side of the story
steve1905
17/1/2018
17:15
I personally suspect they will fail to find someone willing to take on the job and will instead bring in a "friend of Bob" to sell the TSR stake and maintain the status quo until all remaining cash is drained. Clearly spending huge sums on finding a new CEO is better than inviting one that was voted for by a majority of shareholders and was a co-founder of the company.
romeike
17/1/2018
16:12
Looks like its all over here now. Talk about gangsters
juju44
17/1/2018
15:21
Makes you wonder how low this has to go before the company makes a statement. The fact is the directors are too busy watching "Homes under the Hammer" to notice what is happening on AIM never mind coming up with a turnaround plan that will satisfy shareholders fed up with this bunch of grasping losers. As other posters have indicated, without a drastic overhaul of the top team, fair value here is certainly no more than 0.25p.
romeike
16/1/2018
11:27
Goldstone is now worth three times more than Stratex and yet is operating at a small fraction of the costs.
romeike
15/1/2018
10:09
@Glib We need a new direction and fresh blood with ideas and drive to take us forward. Despite calling itself an explorer/producer my understanding is that Stratex has not carried out any direct exploration in many years, with this 'core' activity put out to 'pay as you go' external 'project brokers' at great cost to shareholders - with many dozens of projects considered by the team in this manner and yet nothing to show for it despite huge amounts of cash spent.
romeike
15/1/2018
10:08
Change will be forced on the company purely because they have run out of goodwill, so no more CR's, and because they are badly run, they will run out of cash to pay everyone. They either make a radical change to improve things, including changes at the top, or they will vanish.
shoggoth
14/1/2018
19:25
romeike - not sure I subscribe to your analysis. We have a share price which barely reflects a fire sale value of the stake in Thani Stratex, never mind the other interests and cash reserves. My prediction for 2018? We will either see a rejuvenated company with a fresh CEO and a new eye catching project, or (noting the presence of a significant stake building activist shareholder) a takeover bid at 1.5p to 1.75p. The depleted cash pile has simply brought forward the fork in the road and trimmed the acquisition price. Claire for CEO. Best idea you've had yet, although you may have called it a little too early.
aircomm
14/1/2018
18:31
From the last RNS, there will hopefully be a Business Plan published in Q1 along with announcement of a new CEO. We had £2m cash at 20th Dec and £0.89 to be repaid by Crusader by 9th May. I'm guessing their IPO will pay for that which should be within 2 months - they have also just had a $3.3m placing so funds should be available. Not sure at what point the company will be deemed to have turned the corner though. It appears that existing projects are not going to be cash generative any time soon, which would suggest an acquisition is required. As that would require spending money, current shareholder sentiment appears to be against this, so whoever takes over is going to have their work cut out. If the company strategy is to continue with their previous approach of identifying and selling resources, the market does not appear to be eager to snap up these projects. It would also require longer term investment, potentially draining our existing capital which could result in future placings. Hopefully we have news soon so there is at least stability in the share. We need a new direction and fresh blood with ideas and drive to take us forward.
glibgibon
12/1/2018
20:21
Lock them up. Lock them up
juju44
12/1/2018
20:00
It sure is a lesson learned. I realised too late too that the relation between the Stratex CEO and Hannam Partners is open to potential fraud through excessive billing or other dodgies. Too bad the (interim) results never break down their admin costs.
novicetrade68
12/1/2018
15:36
A lesson in investing I have learned - never stay invested in a Company ran by a guy who can't even keep himself fit. Just look at fat crook Marcus with his disgusting belly spilling out of his shirt in those old Stratex interviews. What a disgrace.
romeike
12/1/2018
15:32
Which is where they ought to be now
juju44
12/1/2018
15:29
@laptop no advice intended but it is clear to most I think that currently the bottom is total wipe out, as in be seriously prepared to lose all of your investment. Expect to see them flog their TSR stake cheap and the loan repayment returned to keep the circus rolling but given the frankly absurd levels of salary and fees these guys are skimming each month we are talking a few years at most, by which point most of the directors will be either dead or in a care home. Might as well burn your cash, more chance of a return.
romeike
12/1/2018
15:06
Might buy more at 0.50p and take a gamble
laptop15
12/1/2018
14:05
Bob and the lads will need the rest of that cash for performance bonuses
juju44
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