Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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yep...watching and waiting for drift towards net/net and/or better visibility on turnaround ...paying over 4.5p now doesn't seem like the right play ...no advice intended
Whilst I agree to some extent with rid, they did still manage to generate almost £300k in Free Cash Flow in what was a bad year. The new guys need time to implement changes they think are necessary, which is starting to happen already so there will probably be more cost savings but with the necessary restructuring costs this year They would seem to be in the Financial position to do this with £2.75m of Net Current Assets, of which £1.34m is cash (if they had not of paid that Divi they would have had almost £2m in cash) I’ll wait to see if they can renew their two Bus contracts this year or maybe add another contract or two, but I think C21 should be on the watchlist as being a turnaround opportunity!
Hope you weren't too heavily invested here because those results are disappointing tbh. As for LEG - it's horribly overvalued in my opinion. Although that is based on an analysis I did months ago.
Riddler - run your ruler over LEG :))
Riddler....yep. Best to wait until stable.....actually a good product but unfortunate issues with financials
Now a month late compared to last year
Up nearly 4%
Large spread.
Thoughts may be of interest to others http://www.privatepunter.co.uk/Companies/c21-15-april-2014
Last year 2nd April 2013, no indication of a date on 21st Cent web site.
When were/are they due?
Tthey appear to be late. Not usually a good sign. DYOR
You still invested here Riddler?
Onwards and upwards today hopefully.
Hurray, Peter is gone! Great news..
21st Century, the supplier and installation service provider of public transport CCTV and vehicle monitoring systems, has today received notification that Bronsstadet AB, a company wholly owned by Mr Peter Gyllenhammar, no longer has a holding in the Company following the sale of 4,235,628 ordinary shares in the Company on 10 April 2014.
Peter's sold out now, finally. Let's see what happens from here.
You still confident and backing this one? Thanks
I'm not convinced we will see a tick up soon here.2013 results due end March/early April and they will not be good as already flagged in interims- full year revenue will be well down( maybe under £10m ) & no losses would be a result.2 large contracts went backward or were lost.Balance sheet is weak since they sold the main property asset for over £3mm& foolishly returned proceeds to shareholders ...just before declaring problems! That said there is longer term cause for optimism : credible new management team with ' skin in the game' & potentially lucrative CCTV transport system contracts to win...I just don't believe there is much likelihood of a quick announcement,Take bombardier : why rush out who the sub contractors/suppliers will be when its quite a while to assembly time?I can see C21 being marked down further at results or before as PG finally unwinds his 5-6% then the real recovery should begin.5p would tempt as an entry price.
The fact that Peter Gyllenhammar has been off loading stock for some time put me right off. I read not so long ago that he has capital at his disposal, so, shouldn't be too hard up for a kronor or two. Agree with you Ups1de why would he be selling if the outlook is rosy.
Today's RNS :What I struggle to understand is why its biggest shareholder keeps selling at ever lower prices if the outlook is promising ?Any views?
Up over 10%.
How do their products stand up to competition,Any sector experts out there!
Making progress, need volume know to get this shifting...
Does anyone know if their products are actually any good...and market leading? Riddler,are they better at transport CCTV than PEG?