We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
actually just looked at FinnCap research notes re 2021 estimates and beyond.
For 2021 they had 2021 cash outflow of £17.6m mainly due to capex spend. Obviously cash was c£11m at 31/12 so there is a £6m shortfall. I'm guessing some of this is being made up via the mortgage etc but comments as per the meeting such as 'we are monitoring the cash daily' is a little concerning.
From a rev perspective we had £4.1m at H1, £1.2 in July and Aug and an order book of £3.9m of which £2.8m is due in 2021.
FinnCap target is £8.8m so more of the order book needs to be completed before YE to meet this target. However, this YE figure was reiterated during the meeting so looks like things are progressing there.
decent presentation but i came away a little worried about the cash and another placing.
Based on the SP decline i'm not alone. Any thoughts?
Sells of approx £1,500 is not what I would call a market sell off :)
No, it doesn't but I regard this as a buying opportunity. The market is in unforgiving mood and is marking anything down harshly that is not hard cash generation. Assets, technology and future earnings count for very little at the moment so there are bargains to be had for the long term investor with vision
Market doesn’t like it so much.
https://youtu.be/yes0Byly1W0
TRACKWISE DESIGNS PLC - Interim Results
yes ive just finished leaving feedback after the meeting
the phrase he used
its the right time to be invested with Stonehouse nearing completion
it did say the meeting was being recorded so i expect it will be available soon
Mr Milky, I hope you were able to join the meeting. I tried for 20 minutes and gave up. Was it any good, should I seek out the recording?
Just caught up with the interims and very happy reading
Will be tuning in to the investor presentation tomorrow at 2pm
Pretty good update but i would like to see the presentation later to get more of the detail.
Good news on the additional test products being sent to other manufacturers from 82 to 97.
employing the usual sales logic (and assuming no drop outs) 8 NDA's and tests will be 12 months nearer to decisions.
As Munch says these are potentially large contracts with 10 year implications for the manufacturer in my view... so i suspect it will take time to get over the line (even more so than the contract i am used to. Saw 1 that we were at 99% certainty with for over 8 months before finally landing it!)
throw in the tech element and its still a case of patience for me... even if it is a bit frustrating; but i do feel that the years extension of the Arrival contract is a good lead indicator to their view of the technology. and as a start up it is much easier for them to make these decisions to incorporate into their manufacturing process than legacy manufacturers who need to think about legacy architecture and how they transition towards their new model. It just takes more time and in financial services is often the largest risk to the incumbent/ start up relationship.
Good RNS, things are nicely set up. 600p target here.
they will mortgage the new building recently purchased so cash at 30/6 will be lower than the current position - would have been nice is this was stated in today's RNS. Still a slight concern though
Not sure if the cash in bank will last I'l try and find out today.
Lots of samples out there 91 is that a good thing as only 2 taken it up.
Less is more imho time will tell
It’s coming home .....
In line with the growing emphasis on the sustainability agenda and an increasing legislative pressure to force the automotive sector towards non-fossil fuel motive power, we expect to see further interest from EV customers. During the year-to-date progress has been made with passenger and commercial vehicle OEMs/Tier1s, including the design, manufacture and supply of IHT sample/development parts.
Considering all the restrictions still in places it’s great to see them positive.
CEO sounds much more positive. Watch out for the contract news .... these are not dinner ladies at school handing out lolly pops .... it’s multi million pound contracts and the first one they ever got took the sp from 80p to £3.70
You choose, invest or simply do 1 and go elsewhere. Simple maths. :))