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A new contract doesn't mean new business
An agreement that has expired but has been resigned for 2024 / 25 will be classed as a new contract. It's not brand new revenue
The operative word being "new".
I read it that the new multi-year contracts' revenue will show up in the FY25 accounts rather than in FY24.
So if I understand, your view is that contract renewals have been misrepresented as new contracts, and therefore don't offer the stated growth opportunities.
Basically you think they're lying , is that correct?
Yep, read the RNS
"we secured over £40m of annualised revenue from new multi-year contracts" is just the usual churn of existing contracts. No new business here
"Growth opportunities"
I have the opportunity to win the lottery every week.... But it doesn't happen
I hope you're right but unfortunately there isn't anything tangible in the RNS to demonstrate where such increased turnover and profit will come from to back up your 52p prediction.
The SP hasn't even hit the 40s in that last 12mths
I think you should read the RNS...
Sure ! Its not good to get a profit warning... although its the responsible thing to do,
However, considering we dont know how much lower then expectation it will be I feel the market has over reacted.
Considering this in the RNS
"we secured over £40m of annualised revenue from new multi-year contracts. These contracts represent attractive growth opportunities but have taken longer to mobilise, due to contract specific delays. Therefore, new contract revenues will have only marginal benefit in FY24 with the full effect coming in FY25."
I'm expecting to see the sp doubling in the next 12 months...
I can now see how Speedy plan to achieve their Net Zero carbon targets.
There won't be a business by 2040 at this rate
With net assets almost twice the mar cap...
... seems like a lot...
Any theories what ?
I think it is starting to warm up, and about time.
Thanks for the reply and referencing the article
Shouldn't that have been RNS'd ... I've not seen it. So how do you come to that opinion.
thanks
Hi Horis,
What makes you think the directors bought 5% a few days ago?
thanks
M
Nice write up in the Times today about the shares being oversold and tipping as a buy. The current valuation is ridiculous.
These are all buys showing as sells today on LSE platform.
Plus the directors buying up that 5% of company a couple of days ago.
Shares looking primed for a rerate back up:
08-Feb-24 08:55:32 26.19 24,854 Sell* 26.05 26.45 6,509 O
08-Feb-24 08:24:49 26.22 38,138 Sell* 26.05 26.95 10,000 O
08-Feb-24 09:30:15 26.18 190,000 Sell* 26.15 26.45 49.74k O
08-Feb-24 09:29:37 26.15 55,000 Sell* 26.15 26.45 14.38k O
whot a ********* u r
A vote of confidence is one thing, but doubling your position to 47M shares is really putting your money where your mouth is.
Delusional horrible vile individual
Who's got the gold? left someone cold. Who's made of crime, stepped out of line, done something sublime, who's made of crime. Stepping out in the cold and rain, I've seen it before and it still looks the same. Who's got the cash? Tell me who's got it?
How is the company still breathing, I've seen more life in a tramps vest! Investors burning fifties in the shower since 2009, where's the good morning macaroon or whatever he was called, still catching falling knives or swinging from a rope! I'll see you all again when I need a good laugh.
Wonder if those 2 x 3,000,000 trades were buys or sells
The profit warning was given in the half year results, 22nd Nov… so the market reaction to the reiteration of this in the recent trading update, was a massive over reaction in my view.
Whilst it’s a shame to see the gains of recent months wiped out in a day, I can see that the company is investing heavily and transforming, the Velocity programme, the drive to net zero, the BnQ partnership… and I expect the benefits of this to be realised over the coming quarters.
You clearly have crystal balls. Please tell me when to buy to reverse my misery.
My post from 22 Nov....."That's a huge H2 weighting required now to hit the expectations of analysts, not sure how big the drop will be here today but on the first read-through, this appears to be in need of a downgrade on 2024. I'm a follower, not invested but cannot see this worth more than the 20-25p range"
Looked very obvious this would fall so why take so long to make this downgrade broker?
Debt follows a predictable pattern. Value different,phasing the same
Not enough people, unable to hire out products they don’t have, to more customers than they can shake a stick at
Top table full of nodding dogs.
DE way or the highway!