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Green, EBITDA = Earnings before Interest, Tax, depreciation, and amortisation which are items added back to work out your final tax position. So clearly a post tax profit (profit AFTER tax) stated in the most recent RNS would seem to suggest that WSG have been profitable during H1. A great achievement during the current climate IMO
Green, you obviously did not read the latest update properly....or just chooses to ignore the information given....try again
Green: no need to reply. I’ve just checked your post history.
Have a good day
Off out to get kids ready for school.
'....... increase of around 24% in H1 2020 revenues to cÂŁ7.0m (H1 2019: ÂŁ5.6m) delivering a much-improved financial performance with a pre and post-tax PROFIT. Cash at 30 June 2020 stood at cÂŁ1.6m'
Green: totally disagree. Increasing a loss by increasing revenue is the simplest thing you can do in business. Any business can increase revenue at the expense of profit.
Have you ever been invested here? You don’t seem like a disgruntled investor (like Foxy and yrabs) more DHC*** circa March 2020.
Off out to enjoy another beautiful day.
Bless you. Chaos and security is WSGs business.
It’s easy to report revenue increases - prob is we want margin increases / figures
Hence the elusive “likely to be profitable “ as we were last year - as MOS pointed out. Could be one quid.
No margin details - meaningless.
As an apparent newbie , what’s the historic GP re SL ?
Nervous that they are only gonna be reporting ca. 24% up on the ÂŁ10.9M reported last year, which was in itself ca. 60% up on the previous year. In the middle of a global pandemic and supposedly worst recession in 300 years.... bloody terrible prospect :-))
Nout to do with working cap. They’ve had enough to prove themselves. I invested for long term high margin recurring Rev MSCs . Not interested in C19 stuff. To date one with figures but too small and closed this year, the other no figures so no way of evaluating- hence SP - no transparency no big money coming in .
It’s KSA this year or I’m out
Win said:- "as this company only survives on funding from shareholders "
This IMHO is what the problem is and the primary culprit in limiting any sustainable increase in sp.
I am though curious what fellow posters views are. What would be your preferred financial instrument to obtain working capital other than one that causes dilution of the sp?
Off out smiling on knowing my mortgage interest rate is 0.6%. oh yeah
Not a massive amount in comparison to some CEO’s and he, along with the other directors, have not been investing much here in buying shares over the last few years. I’m sure his retirement fund is doing just fine from the years of remuneration that have been funded by shareholders.
DHC - you mentioned again the point on material improvement in share price. PF has set many goals for the business over the years, many of which have been aspirational and vague, almost like wish list. Many of them have been missed over the years also.
Out of interest, what would you see as a material and sustainable increase in share price performance - 13p for a week ?
Given that you are a self confessed trader in this share who not so long ago was extremely critical, I’m amused by your defence of Fooler.
Good luck with your trading here. I’ve said before that it is the only way to go with this company,
The share price has drifted on Fowler's watch from a high of 93p
That is the source of so much frustration.
Win4,
Has no interest in the sp !! he holds just under 6.5M, why would he not care ? He is in his late 60's now and must have an eye on this for his retirement fund.
Hopefully PF will use the Webinar to announce that after years of trashing the SP he is standing down as CEO and has volunteered to replenish the vending machines in Banbury's prestigious shopping mall every fortnight.
The bad news is that Stuart's taking over :-)
To be fair Phil, Tema did wonders for the SP when first announced on AGM day last year. SP went from languishing near 6p up to around 18p not long after, coupled with other announcements.
Sadly Fooler then trashed the SP pretty quickly after, back down to sub nominal. Typical Fooler wrecking ball.
I’ve said it before, he has no interest in the SP or shareholder. He needs to spin the story and pump this every now and again to get the latest placing away , as this company only survives on funding from shareholders but after that he doesn’t care what happens.
15 years of this ! Absolute joke !