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Sp was up 100% on Friday so little profit taking. Need some update to move this up plus volume it's very tin so will move quickly when ready. Company it's cash rich and expertise rich so they have time for new developments (production or service). Not many (any???) companies on AIM with £12mil. cash and £4mil mcap. Just be patient imo dyr
Not pump and dump. Also the half million in research continues per annum plus all the remaining cash and an agm this month which will clarify the further path of more cash back to the investor or new profitable ventures by the BOD who are also significant shareholders. NOT a new company it is highly established and has already proven how well it acts in shareholder interests. 2 pounds and/or small company manoeuvrability into high profit niche to follow.
So basically company it's starting a new with ca.£15 mil.(as end of 2018 so now it's less ???) after paying dividend and exiting old business. Now company it's providing slicing services for high technology ceramics and optics industries in Germany by applying wire sawing expertise to cutting of non-silicon materials. It's new business focus as of now so new start for company imo dyr
On IG platform you have repeated RNS from yesterday but not here: "Total Voting Rights and Share Capital In accordance with DTR 5.6.1A(1), following Admission the Company's issued share capital will consist of 7,285,408 ordinary shares of 3.0206 pence each ("Ordinary Shares"). The figure of 7,285,408 Ordinary Shares may therefore be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
It's not a fault, there's no RNS today (yet). Today is the day they trade ex a 24p special dividend and post a consolidation. See either my previous posts or the recent RNS's (from 21 March onwards). For the past few months the old shares were around 25 or 26p a share. A price for the new shares of 26p per old share is 44p per new share, 27p per old share is 66p per new share. So the current price isn't much of a move. More relevant to the future is that as others have said the cash balance is about £2 per share, and there's a bit of a business too.
Having done a little more research it looks very promising The wire cutting business is already up and running and there is also revenue of half a million a year ongoing which is still connected with PV and also limited silicon wafering ability is retained. At the market cap today, the company is valued at way below book value only taking account cash left. So I agree that the company is undervalued and is being treated like a start up when it looks very solid with a solid core of staff and a solid network in Germany and with very solid and trustworthy management.
Hello I've just bought in on the basis of the valuations of others and looking at accounts. Feels wierd. So what is the expected time line and are there any risks of it being below a certain SP? I might buy some more but I'm not feeling this one yet so any help appreciated!
Quite. They’ve said they’ll return more cash or wind up if they can’t find a better use for the cash and shell. Think this will do well. Especially as the CEO has 10%, interests are aligned with shareholders.
I just done bit of research: -consolidation 22:1 -cash ca;£12 mil. -still made 1.6 mil profit last year (with redundancies and costs of closing down uk plant ??!!!) It's fills kind of cheap at 5 mil mcap imo dyr
It should clearly be over a pound. I put £100k into the old stock, 95% of which comes back so really it’s £5k at about 30p per new share. I’ve just bought £18k at 78p.
I can’t decide what the trading business is worth. They’re considering selling it. If it’s a positive number the price should be over £2. If negative, well it’s only 20 staff and it can’t cost that much to shut, certainly total overheads look to be under £2m and there’s £9m cash I think. DYOR though obvs. Someone else verifying this from the last results and recent announcements would be appreciated!
Yup as per my last post, this was about 25.5p yesterday. They're now trading ex a 24p dividend and post a 22 for 1 consolidation. So Yesterday's price less the 24p dividend is 1.5p a share, time 22 is the equivalent of 33p a share today. Company is left with about £2 a share in cash and a small but lossmaking research business. Should clearly be higher than 33p. Possibly less than £2 though depending on what the trading business is worth.
"After an extensive review of the strategic options for the future of the Group, the Board has concluded that returning a large proportion of available cash, as part of an orderly resolution of the Group's affairs, would be in the best interest of shareholders rather than the pursuit of acquisitions. The Board intends to return Â£38.5 million (â‚¬42.8 million at year end exchange rate) equivalent to 24 pence per ordinary share to shareholders."
I've bought heavily here. In barely two weeks the share will trade ex a 24p dividend. So it's the equivalent of 1.5p a share now. Yet it'll have a small German business and by my calculation around 9p a share of cash. Even if the German business is losing money it can't eat far into that 9p a share - it's £15m of cash and there's only 20 staff.
This really ought to be higher - and surely will be trading at more than 1.5p a share in 2 weeks' time!