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You need to look no further than the companies involved in wishing to raise money in the markets and then being unable to do so, entirely due to market conditions. I afraid we will have to wait longer to achieve the results we desire due to those same conditions. At least we do understand the fundamentals and the health of the company that allows us to rest easy.
Hi all, cash balance at end June and post purchase of Sapienza was £9m which is just short of 20% of current MCap. Having said that I expect income to be rising substantially on back of contracts signed to date and excellent pipeline ahead.
A400: The Market Cap (MC) is simply the product of "Shares" x "SP" and is said to be about £53M.
Are you sure the cash avaiiable is the same ?
Secondly, we have already received an order from the French firm Naval with whom we have a
collaboration agreement. ----- Yours, Max.
Agreed.
I think at Corac the staff were more technically minded and the business didnt really have a commercial focus. The current management team seem to have turned that around and its pleasing the order work is significantly improving year on year at a very rapid rate. Let's hope that they can continue the rate of growth. I'm confident that they will continue to grow, win more contracts and expand the business organically. I don't think the SP reflects the prudent projections but I guess markets are tough at the minute.
I remember Corac well when it was the flavour of the month in line with other companies whose technology promised so much and delivered so little. I know it is so difficult to sell in an uptrend however, this is what the clever investors do making sure that they lock in profits for real and then move on to the next company. I have found over time that collaborations and MOU'S meant very little unless very quickly followed up with orders. I became interested in Corac at 10p per share and have added a substantial amount since because of only what can be described a vast improvement in orders and cash flow. By continuing there progress at the present rate, the market will have no option sooner or later to get financially involved and, that will be the time we will get our multi bagger. The main question is why gamble on a company that does not have the same fundamentals? at least we can visibly see the winning post barring accidents.
I remember when TPG (Formerly Corac) was at 40p and was in a lot worse position than where we are now.
DEFINITELY.
The market cap is pretty much the amount of cash that is on the balance sheet.
TP Group is well in there with the government and its now well positioned to tap into European tenders as well.
Rereading the last 1st half report and taking into account the recent RNS's my garsted is flabbered about the low SP. I can see no downside to this company. It is a given in my book that the revenue for this year will hit 50 Mill. We should also post a profit. 10p per share should then be a bottom figure. Pay a token Divi and that confidence may see the sp double.