HML henry morgan limited

Ann: Business Update - Bartholomew Roberts Ltd, page-24

  1. 931 Posts.
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    Not you specifically, I think it was @matt_kcd's surprise that surprised me, but my post wasn't really directed at anyone in particular.

    I'm as annoyed as anyone about the misleading statements and the extended trading suspension and all of that, and I think "out of their depth" is probably a fair complaint on that front. I also think "misled" is fair. The only part really up for debate is their motivations, whether it's been carelessness/out-of-their-depth or something more. I don't know the answer to that.

    All I'm saying is that the restaurant side of things has been public knowledge for awhile, and the Shinsegae deal was announced in Jan 2016, and the beginning of a significant involvement with JBFG was announced in Dec 2016. Plenty of time for people who didn't like this stuff to take their money and run (I took profits along the way with HML to reduce my exposure. I'm a holder, but I've been cautious about it.) To express faux-surprise or outrage at this late stage is very naive.

    On the restaurant side, there are some oddities, eg: some of the initial stuff in 2016 was only announced under JBL (NSX). At that time, I understand that HML's stake was close to insignificant, but that's all changed. It was interesting to see this latest announcement made by JBL on 24th August but not HML until the 25th August.
 
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