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Last rites on aim today .
The future on ISDX seems to be a lot brighter .
Outstanding
Today we can sell @ 4.1p , ie above placing price .
Let`s see if that maintains by week end .
Outstandingly ,possibly , value / maybe
Although , longer term we seem to have quite a few desperate to get in , very very odd .
At today`s above 4p ( perhaps) .
This may be the time to add to your holding , ie @ 4p .
Let`s see where we end up at the coming weekend
Anyone subscribing for more shares or is this a stay clear now?
Didnt see that one coming
Onto the AQSE will be no fun.
This has now turned into a long term loser .
Outstanding
Of course .
I may well be wrong and the uptrend continues from 10p .
Outstanding
Future ahead
Might be able to get in at 9p .if lucky as quiet should resume soon .
Outstanding
This was certainly the case at OTAQ (OTAQ) whose shares rose sharply as it announced its first order for asset tracking in the rail industry. The company also https://www.share-talk.com/traders-cafe-with-zak-mir-a-week-in-small-caps-saturday-24th-september-2022/
Buy some, tuck them away, sit and wait.
Peter Robinsons technology is like cream it will float to the top.
The Scottish salmon net business was like 5hi7 it appeared to float like cream then it sunk ....
Tracking business has been proven on the IOM TT over the last 2 years now on with the TDF - it works, railways will take it.
Minnowtech - it works.
Oil & Gas - it works.
Long arsed hold but will multibag as it grows.
Good days continue , first stage complete .Should run up to £4 million MCAP with ease. Outstanding
The spread and illiquidity of the share is a big issue. I needed to sell a few awhile back, it was a big struggle to be honest, I had to pay telephone rates with my broker to get a sale, quite costly.
I won't be purchasing more until a positive RNS along with substantial buys by the board.
An RNS & warp speed possible.
This little tech minnow may have good news ahead
Outstanding
Spread: 1.50 (25.00%)
& Back to a more reasonable spread .
Promising more to come
7.5p PAID .
Someone out there knows something I don`t
Outstanding
Spread: 3.00 (66.67%)
Funny shenanigans
Outstanding
Spread: 2.50 (55.56%)
Very amusing Mr Market
Outstanding
Spread: 2.00 (44.44%)
Outstanding
This could be a little hidden gem
Given some good news for decent tech
High spread deters many
Outstanding
20th Jul 2021 7:00 am RNS Final Results
"... Final Results for the year ended 31 March 2021.
... 18.5% increase in revenue to GBP4.05m (FY2020: GBP3.42m) ..."
https://www.lse.co.uk/rns/OTAQ/final-results-per68letf081xak.html
15th Dec 2021 7:00 am RNS Interim Results
"... Revenues for six months to 30 September 2021 of GBP1.8m (H1 FY21: GBP2.0m) ...
The Board anticipates that revenues for the full year will be broadly in line with the full year to 31 March 2021,..."
https://www.lse.co.uk/rns/OTAQ/interim-results-pjcbcd45x2fm49r.html
So at OTAQ's interim results last December, they were expecting full year revenue of about £4.05M., i.e. about the same as last year.
Whereas they actually increased by £240K.:-
27th Jul 2022 7:00 am RNS Final Results
"Final Results for 12 months to 31 March 2022
... Group revenue for the year ended 31 March 2022 increased from £4.05 million to £4.29 million ..."
https://www.lse.co.uk/rns/OTAQ/final-results-7ca0iib0e0q21p3.html
And this despite a H1 revenues dip, and a full year decline in Aquaculture revenues of £1.1M.
If non-Aquaculture revenues can continue to grow at this rate, AND Aquaculture revenues recover, then medium term profitability looks achievable.
Maybe they're going to wait for the fundraising and then buy shares via that, given the difficulty in buying shares on the market in a share this illiquid.
You often find in a situation like this that a fundraising is the point at which the shares take off, as it removes that element of uncertainty.
Hedgehog100, it would certainly give a vote of confidence in the company if the directors purchase shares.
The first trade today was a purchase by me - showing as a sell - I read through the final results again at the weekend and feel the company can still get back to profit within the next financial year with their portfolio of products. I hope my confidence in the company is not wrong. The next 6 - 12 months will be interesting indeed.
27th Jul 2022 7:00 am RNS Final Results
" ... The Group is also expectant that the revenue forecasts will be surpassed to alleviate the uncertainty around cash resources. Indeed, following the completion of the Group's first quarter, the Group is ahead of these forecasts. For this reason, the financial statements have been prepared on the going concern basis and I am confident the Group will complete the new financial year with improved revenue and a more robust balance sheet. ..."
https://www.lse.co.uk/rns/OTAQ/final-results-7ca0iib0e0q21p3.html
So OTAQ's Chairman Alex Hambro has expressed confidence that OTAQ will have a more robust balance sheet by the end of this financial year, i.e. by 31.3.23.
Will he, and the other directors, back up this confidence by buying shares on the market, I wonder?
They invested £75K. in the placing last December at 22p, and the s.p. is now under half of that:-
15th Dec 2021 10:30 am EQS Result of Placing
" ... The following Directors have subscribed for 340,911 Placing Shares pursuant to the Placing for an aggregate amount of approximately £75,000. ..."
https://www.lse.co.uk/rns/OTAQ/result-of-placing-c3bm4jhp9q0qqsu.html
Trading at well below net assets, and on a price-sales ratio of well below one, this is now looking very cheap compared to peers, and very vulnerable to a takeover.
If you apply the annualised, compounded growth rate of 84% to last year's revenues of £4.292M., this would be the growth:-
Year end 31.3.23: £7.89M.
Year end 31.3.24: £14.52M.
The closest comparable UK-listed stock to OTAQ is MYX (MyCelx), which is valued at far more than OTAQ, and has found it very easy to raise funds, as has OTAQ.
In current market conditions investors are simply becoming more discerning, and rubbish companies have - rightly - found it much harder to raise funds.
Quality companies however are still raising the funds they need relatively easily.
MYX (MyCelx):-
Current market cap. £10.92M., at 47.5p.
Results for year end 31.3.21: revenue US$8.5M. (£6.97M.), pre-tax loss US$1.1M. (£0.9M.)
What were you expecting, Dacintakkos, based on the H1 results:?-
Revenue £1.821M. Pre-tax loss £881K.
15th Dec 2021 7:00 am RNS Interim Results
https://www.lse.co.uk/rns/OTAQ/interim-results-pjcbcd45x2fm49r.html
I was expecting full year revenue of about £4M., and it's exceeded that greatly: £4.292M.
So H2 revenue of £2.471M., which is half-on-half revenue growth of an impressive £650K.: i.e. 35.7%.
Which is an annualised, compounded growth rate of 84%.
At this rate of growth, the company would soon reach profitability.
And indeed the company has said today:-
"The Group is also expectant that the revenue forecasts will be surpassed to alleviate the uncertainty around cash resources. Indeed, following the completion of the Group's first quarter, the Group is ahead of these forecasts."
"Despite the ongoing difficulties being encountered in the Group's historically core salmon farm ADD markets, the development of new products and flourishing performance from the Offshore and Connectors divisions gives the directors confidence that the Group can return to profitable growth."
"The Group's divisions, with the exception of Aquaculture, are trading better than in previous years and there is optimism that these divisions can return the Group to an EBITDA-positive position and improve the Group's cash performance."
https://www.lse.co.uk/rns/OTAQ/final-results-7ca0iib0e0q21p3.html
Increasing revenue has always been the key to reaching profitability here, to cover fixed costs, and in addition this year's losses have higher exceptional cost, so aren't representative.
The increase in overall revenues despite the decline in ADDs revenue (which will hopefully start increasing soon anyway) bodes very well for further revenue growth going forward.
I'm a bit surprised that the directors have flagged up a fundraising already, so perhaps they're planning a 'snap' placing to put the issue to bed.
Note that they can't have a placing below the company's par/nominee value, which is 15p/share at present.
That par/nominee value can only be altered at a general meeting, which requires a few weeks notice, but I would think/hope that the company would be looking to raise at at least that s.p.
And I think that the growth story here is strong enough that existing large shareholders should wish to continue to support the company, and not overly dilute their existing shareholdings.