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The shares do look cheap…
Valuation around £1.55m now against gross revenues of 6.62m.
Q1 looks healthy from a social media perspective.
And hence I have bought a few more.
All about 2024 now and driving sales and cementing profitability.
The online spread here these mm's are a joke. 75.1p to sell 84.1p to buy, taking the mick again. Good to see a major holder adding more and why not, the stock is a bargain
Nice to see some interest and 2 mm's move up to 80p bid today
Cannot buy 5000 online but can buy 2500 but at mid price 80p atm...results next month will spring this back to life
Couple of 5000 trades at 85p got to be worked buys. £1.66 mil market cap. £1.9 mil cash in the bank with strong growth and cash generation and might be profitable now too. Better sell and put in something going bust like Sed or Vast :-))
There's a total squeeze in this one atm. Just 75 shares max online with 2 mm's sitting on L2 at 500 each. I'll help you out market makers, give me say 130p+ and I'll let you have some, should be higher and probably will trade at 200p again once people realise how cheap this, not many sub £2 mil stocks that generate cash and have a sound business is there, 99% of them on Aim are struggling and need to raise funds !
1,500 bought at 80p at the open today.
NT to trade - no shares currently on offer…
Just 1000 shares available at 80p, somebody is taking 1500 clips but stock is tight. One of the cheapest stocks on the exchange, shame nearly everybody else wants a fast buck as this is amazing value
TBH it held up well today, not many people sold out today who bought yesterday, at some point it will turn again and get over 100p, could drop too first it was NT to sell all day hence the discounted sales even small ones but it could easily flip on probably just 10k of buys too
Would like to see where this goes if company announces in excess of 200k. Company looks in very good shape at the moment.
I have bought a few more this am. Just the wrong share price based on the companies performance.
Even at 87.50p the company is valued at £1.7m...
If a profit of just £200k is announced the company is on a historic PE of 8.5 times - ridiculously low...
Will be keen to see guidance for 2024 - Hoping for at least £6.8m net revenues and profit growing quickly?
Have taken a wee punt here. Positive RNS and low amount of shares goes well together for me.
That is a very decent RNS.
Was a 21k sell minute ago, won't help when there are so few shares....will take it down temporarily.
100 on its way by the look of order book
1.10 appeared on book, no stopping this today it seems.
For SAL and EVG ....BOTH VERY CHEAP AND UNDERVALUED
Going straight up as word and interest spreads. Have bought in myself.
Ridiculously low share float here, a cough and the sp will move!!
Good that there's now more interest in this hidden gem.
Wish I see this earlier too, does look very cheap valuation under 2M MCAP unless I’m missing something
Wish I seen this earlier, think it was around 62p offer early doors now 80p going. Maybe it's finally time value stocks got their day in the sun, far too many of them sitting at ridiculous market caps. This is probably being helped by also being joint top % leader which means traders have a bash too sending it higher ..for now
Excellent set of high level numbers…
Guidance gross revenue of £6.5m beaten with approx. £6.62m delivered.
Net revenue at £5.8m is up 23.4% on 2022.
Net debt is down 26.66% and falling monthly.
Cash is strong at £1.9m…
Shares could easily re-rate above 100p.
Now trading at 67.5p and a valuation of just £1.32m looks crazy cheap.
Not often that you find a share that is clearly under the radar.
Yes, very encouraging.
Cash was £556k on 30/6/23 so H2 has been excellent with cash inflows of well over £1m. Clearly cash is very important for such a small company so this is really positive
Looking good - "The Board is pleased to report a strong performance during the second half of FY23, with total unaudited revenue for FY23 being slightly above market expectations, at approximately £5.8 million (2022 restated: £4.7 million), due to particularly strong Brand Experience revenue, the successful launch of our Rock Up and Pop Up service and the continued recovery and expansion of our German retail business."
As the Group's products and services continue to evolve, during FY23, the Group reassessed its revenue recognition policies in its UK retail division. Previously, all revenue within the UK retail division was recognised on a gross basis, as it was deemed to have one performance obligation. Following this reassessment, it is now considered that there are two separate performance obligations:
(i) acting as the promotional space agent which involves the marketing of space to licensees and entering into and managing licence agreements on behalf of venues as their agent; and
(ii) the short-term rental of the Group's own kiosks.
Accordingly, UK retail revenue will now be recognised on a net basis in FY23, with FY22 comparative figures being restated. Under the new revenue recognition policy, market expectations for FY23 revenue should therefore be adjusted from £6.5 million to £5.7 million. The reassessment does not impact reported profits.
In terms of balance sheet, as at 31 December 2023, the Group had cash of £1.9 million (2022: £1.9 million) with £1.1 million of term loans (2022: £1.5 million) and undrawn bank facilities of £0.7 million (2022: £0.7 million). Therefore, total cash available as at 31 December 2023 was £2.6 million (2022: £2.2 million).
The Group expects to announce its FY23 results during the week commencing 29 April 2024.
BACKGROUND
Heart Scent is a Glasgow-based gifting retailer established in 2012 that has retailed within The Forge Shopping Centre, Glasgow since 2013. Heart Scent retail a wide selection of gifting products, many of which are handmade, or hand finished. Their range includes home décor, home fragrance and floral gifts
AIMS & OBJECTIVES
Expand retail presence into one of Glasgow’s top shopping venues
Grow customer base in Glasgow and surrounding area
EXECUTION
Utilise SpaceandPeople’s Rock Up and Pop Up service to open second physical location in one of Glasgow’s top shopping venues, Braehead Centre
RESULTS
Heart Scent have now been operating successfully within Braehead Centre since Spring 2022
Consistent sales results within Braehead Centre, averaging £10,700 monthly
Expansion of personalised product line with many items being available on the same day as purchase
Introduction of popular click and collect service for custom orders
“The opening of our second location with the help of Rock Up and Pop Up was a pivotal moment for Heart Scent’s growth as a business and we have received such a great response from customers in Braehead Shopping Centre. Meeting new customers at our second location has allowed us to gain great feedback and ideas which has led us to launching new product lines including an expanded personalised artworks range.
– Karen, Heart Scent