Themutual.Net Share Discussion Threads

[valustar1] 11/12/2008 14:42

Very good idea David would like to attend.

Apparently new broker forecasts are being prepared and expected in the next couple of days.

They will no doubt be a significant downgrade.

Pehaps their NOMAD could explain why there was no need for a RNS from the company

[davidosh] 11/12/2008 14:36

Does anyone think another meeting with the directors would be useful especially as they would answer so few questions on trading and the business at the Agm ? I am happy to arrange one and maybe Danson will give us the courtesy of his presence as our non executive representative this time.

the analyst.....you make a good point about no warning beforehand as they categorically stated that if they had needed to warn then they would have done so before the AGM and yet the half year had already been completed weeks before.

Stemis...if the broker note is correct and has been discussed with management and the directors did not need to warn pre results are we all missing something ?

Investec released a full year EPS forecast of 4.16p (PBT - £4.27m) a day before the interims


I think the directors need to communicate the dramatic change of fortunes due in H2 and explain to their owners and that is not just Mr Danson. A meeting is definitely needed and they should be more prepared and helpful this time.

[the analyst] 11/12/2008 14:09

Wow, only just seen the results and share price drop, having been away.

Shocking!

I did expect the results to be bad, having attended the AGM, but not this bad.

In hindsight, looking back at the AGM, it makes sense. I'm not sure I've been to an AGM before where a board of Directors were so full of fear. The fear resulted in the Chairman being sarcastic to shareholders and that sarcasm then turned into outright aggression against the shareholders present. It was quite something to witness.

The FD was so terrified at the AGM that he could hardly mutter a word, when asked questions.

On top of that, and as mentioned here before, Danson, the Director and major shareholder, could not even face turning up to the AGM. I think that tells a story on its own.

Overall it's been a disgrace, but quite obvious (to me) that the poor communication and apparent disrespect for the owners of the company is down to pure fear and (self)-realisation by the Directors that they are incompetent.

I think the worst thing about the AGM was that the directors basically told us that results would be in line with expectations - they worded this by telling us that if things were different from expectations, they would have had to issue a warning. Which, of course, they did not do.

Given the incompetence of the Directors, I wonder what Danson has in mind for them?

What can Danson do?

[muffinhead] 10/12/2008 23:16

Hardie you are obviously short, so well done. Its business, but its unpleasant to gloat.

Glad I sold at a loss at 14p. I had issues over a possible dividend which should have been possible from analysts forcasts. I see no reason to tie up cash without a reward for holding through the bad times.

AIM companies are best avoided imo for the next 2-3 years.

Restructuring has started and TMN may survive independently but I suspect will be bought out by Danson when most shareholders give up.

[hardie1960] 10/12/2008 22:08

lol lol

you're all doomed , doomed I say

[diku] 10/12/2008 21:50

shareholders don't own the company...it's always the guys at the top who are running the company are the actual owners!!!...

[niggle] 10/12/2008 21:05

Fuc*ing great.......................................

[davidosh] 10/12/2008 19:15

Agreed very distasteful hardie1960 and if you are 48 I am amazed as your comments suggest otherwise.

[hardie1960] 10/12/2008 10:53

dear oh dear oh dear , I bet you lot feel like a right bunch of numpties investing in this pile of junk lol lol

[davidosh] 10/12/2008 08:53

The management are not credible now. They must have known all of this at the AGM two weeks ago but refused to give an update and there has been NO warning at any stage over the last three months regarding the figures not meeting expectation and that was even including the downgraded forecast that was put out without management comment.

There would have been even more questions at the Agm. Danson needs to make some changes IMO but as he failed to attend the Agm there is little confidence in him from me either.

A very poor situation...if only we had been able to take the 70p and run.

[stemis] 10/12/2008 08:33

For the ex IBG shareholders, the price is now effectively 2p; the price it was when they started the embryonic affiliate business and before they even made a profit. What a colossal destruction of shareholder value!

[kenatbabken] 10/12/2008 08:16

A shocking set of figures and a profit warning to boot with the disclosure that
email marketing is substantially down in the last two months.
As you say valustar AF is holding up well and could of been better off on its
own.

[coffeelito] 10/12/2008 08:03

but it's not showing up on here !

[valustar1] 10/12/2008 07:57

Its out, just not much to get excited about.

Bit miffed that AF looks like its holding up well, what could have been!

[coffeelito] 10/12/2008 07:54

Why no results RNS yet ???!

[coffeelito] 09/12/2008 15:36

The MMs are now offering to buy up to 50k tmn shares off you (at 11.75p), unlike this morning when they punished my sell of 25k for just 11.5p. Obviously, they are short of shares for the results tomorrow, just in case they are good.

[purav] 04/12/2008 18:20

wow... the buying opportunity just gets better and better

[marben100] 30/11/2008 15:31

Omlaysause, yes: because it appears that someone decided to ditch 275,000 shares @13.25p. I suspect it may be because someone at the AGM was sufficiently upset with the Board that they just decided to dump their holding (it wasn't me, honest guv :0)). That is purely a guess, however.

When there are enough buyers interested in actively buying the stock, the price will rise again.

[omlaysause] 28/11/2008 16:58

Can someone please explain to me why this has lost 14% today?

[valustar1] 28/11/2008 13:21

At present the directors feel that the funds they have are better reinvested ito the company.

I have no problem with that

Re the shareprice its basically priced to disapoint!

Hopefully we will all be reassured by the results in a couple of weeks.

As for 2009 who knows in the current market, as shareholders we have to accept that we need to take a view thats not weeks but a couple of years out.

Thats whats happened in the recent market

[muffinhead] 28/11/2008 11:47

Ashleigh and Valu...thanks for the imput; nothing personal intended by my comments

I really don't need to travel to London. My holding does not deserve such an outing. The chart says it all.

At least the issue of a divident was mentioned. Any management with an eye for the bottom line, at a time of economic stress should after all this time vote for a dividend. Even a very small divi would have provided a positive message. As I see it the shareprice has no support and the market is left to price this mostly on intangible asset value. If profits disappoint going into 2009, then one can expect single digit shareprice.

A webcast would solve the problem for shareholders not being able to travel to London. This should be within the ability of TMN's digital expertise.

.