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ontarget ... getting over 10p and staying there is an achievement....... and we are not there yet. B
yrabs you're ignoring the covid-19 effect on their 'normal' sources of revenue.
The fact they have been able to not only match the normal level of revenue (which will of course itself come back later in the year) with new sources, but significantly exceed it is surely a tremendous achievement?
DHC.... it dont matter what you think, market rolls its eyes yet again as Pete underwhelms. My worry is that this is the big news prior to the webinar and we will not get anything more than a breakdown of the H1 revenues and a whole lot of jam. B
An entirely unrelated company is valued differently to WSG?!?!! Stop the press.
Some companies are worth billions without ever turning a profit. My mate’s dad sold his Pharma company for many many millions and it was pre-revenue.
Clutching at straws a little DHC***
Off out to enjoy a red day :-(
Yrabs: i'm a little underwhelmed by this update....but when you say " not what was perceived" i disagree. it's not what was perceived by the bulls on here (and bears since you seem to be disappointed too) but it's pretty much in line with what the market felt......hence the more or less flat share price.
off out to enjoy the sun
on target... circa £7M v £5.4M... meaning its less that £7M say £6.9M.... over 3 months is about £500K per month..... good........ but not what was perceived......take out the $700K and $100K contracts in June and thats not a lot of new biggy contracts......better than some I suppose... but not enough to break nominal it seems. B
Are you forgetting about Covid-19 and the lockdown?
Can’t be many companies who’ve made record revenues during this period!
could finish red today. seems the early excitement lasted as long as Petes mad busy.... the delta between last years H1 and this year is not as much as we expected... so as I keep saying the rhetoric and the reality never match. B
I wouldn’t be surprised if the supply chain had become more strained during Q2 after existing stocks at the start of CV19 had been purchased during Q1. As I say it would be interesting to know the order book level and current lead times for delivery and installation.
Mike, Menzies is now listed as a customer on website.
Some folks high expectations aside,the market certainly didn't expect too much....hence the SP before today update which was below 10p nominal price.....you just can't please some here...HOWEVER, surely things are moving in the right direction and today update is positive enough IMHO....a small company doing better than many much bigger ones in these crazy times is not to be ignored....GLA.
Aiming... yes that was my immediate reaction.
But remember Covid sales were being reported in dollar and the H1 is in sterling-- so circa $9M.
.. and as gibbo says,.. I would suspect that enquiries some of the June C-vis sales enquiries won't be booked in June,.. and will fall in to July?-- so perhaps we are looking at March, April, May and part June sales only?
Plus no income from Lunghi and little from training.
To post a 24% increase and trading in profit in H1, with cash at hand and a loan facility still available, given the circumstances is impressive. Fingers crossed for a rabbit hat scenario before the webinar--- the trials in Stockholm must be over or drawing to a close?... Lunghi is close to re-opening. ... and the Saudi Ports projects appear to be alive and well.
Tema, just a few days ago,.. serviced it's largest container vessel.
Best.
My thoughts too AIMing, but maybe there is a healthy order book for CV19 equipment building up? It would be useful to know what that number is looking like.
Mike: don’t worry, I think we all got it the first time!!
Am I the only one who thinks that they didn’t keep up the March rate of Covid sales then? $1.7m a month would be $6.8m in the last 4 months alone. (Not even extrapolating the $1.2m in the last 2 weeks of March).
Up on last year is great, but not the covid bonanza many hoped for.
Off out to plan some holidays.
Great stuff
of out to see how wet the rain is
Good morning Mike
I got it the first time.
With revenue from any flights at Lungi over the next few months, plus increased revenues at Tema from the new berths, continued covid related sales and hopefully something else on the managed services front, we could see some meaningful “profit” this year.
Very positive indeed.....must be ahead of market expectations with impressive growth.....what's not to like????.....further more....things can even get better...much better in the near term....
WELL DONE,.....IMHO.....GLA.
Sorry... that should have read:
Was that qualified in anyway? !!! Boom Boom!
Morning MOZ,
Was that qualified in anyway? !!!
Notwithstanding the impact of COVID-19, trading for 2020 started on a positive note and this has continued throughout the first six months of the year. Accordingly, the Board expects to announce an increase of around 24% in H1 2020 revenues to c£7.0m (H1 2019: £5.6m) delivering a much-improved financial performance with a pre and post-tax profit. Cash at 30 June 2020 stood at c£1.6m