Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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holding so far....bodes well for targets being hit....as long as recent lows dont break...
under the radar.....:)
A £27m contract that doesn’t deliver and results in losses is best binned!!! Plenty of profitable business out there....
it may have hit PRZ n the chart and reversal is upon us now.....IMHO. Let's see.....
GLA:)
Surely the issue isn't the end user? Surely it's about the loss of a £27 million pound contract?
Who cares?! They might make a profit now those social housing leaches are gone!
P & R owned by Bilby PLC have lost their £27 million pound gas maintenance & installation contract with East Kent Housing, owned by Canterbury, Dover, Folkestone & Hythe & Thanet District Councils. A new contractor is now being sort and will be in place by early July. Question: How many times does overcharging have to happen before it becomes fraud?
I can see this doubling in the near future, new CEO and fresh start, might be worth a punt
NAV price is 42p which makes the current price of 29p seem cheap.
The problem is, the bod have clearly lied, hiding the problems and it makes you wonder if there is more bad news to come. I'd imagine there are II's wanting out hinted by the continual drop straight through the only support that was at 40p. Also, what will be the non-underlying restructuring costs and losses associated with the termination of the contract for Ministry of Defence properties? Will BILB show a loss in the next results? Operating margins are pretty low so it will not take a lot to go from profit to loss.
Where the NAV price is quite good, the actual Tangible price is not.The tangible value being what would be left if the company went into liquidation.
Worth waiting on next results to see actual figures and time to give the price a chance to stop dropping before even considering buying in.
Nice wave of buys within the past hour :
11:27:19 36.95 10,798 3,990
11:27:25 37.00 21,000 7,770
11:33:27 36.95 35,146 12.99k
11:54:41 37.00 2,000 740.00
12:36:23 37.45 10,654 3,990
13:02:00 37.70 10,000 3,770
13:02:32 37.70 10,000 3,770
Got to agree with you visor, think this is an over-reaction, the problems are with P&R but at this valuation you are getting P&R for free, P&R is the gas maintenance division and in 2018 represented £14m revenue from a total of £78m. The company is valued at less than its sum of parts, in 2015 it paid £8.07m for Purdy and in 2016 it paid £4m for DCB and £8.7m for Spokemead. I'm having a little punt at this price. GLA.
15M for this company is way too low, imo it either goes up or gets taken out
According to BILB's chairman : "These isolated instances aren't reflective of robust trading within other FOUR Bilby companies that continue to trade IN LINE with management expectations."
imo this was an extreme overreaction and I think we'll see a gradual recovery in the share price from here. I'd like to believe that we'll be in the lower 40s p tomorrow.
*After hours buy : 16:46:08 38.60 45,732 17.65k
It will probably drift slightly lower over the coming weeks but not massively. Don't expect anything positive for quite a long time now.
NAV of the company is aprrox. 42p
Not a regular poster on this board but want to advise of a petition too ban shorting of AIM shares. Seasoned investors have seen this happen too many times. If you agree, please sign and share to others you know :
https://petition.parliament.uk/petitions/242399
don,t think any recovery here in near future ...........really bad rns
I don't think it will go any lower, RSI at the moment is 11.99% which means its heavily oversold :
Relative Strength Index (RSI) Analysis The relative strength index (RSI) is a momentum osciallator that is able to measure the velocity and magnitude of stock price changes.
Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions.
It is difficult to catch the bottom, 32 or 29?
Thank you 42trader.
Just seen a head line from that chronicle " MANAGEMENT Credibility shredded " when was he keen ?
From the recent interims:
"The decision to cease servicing the MOD properties, the delay in a gas installation programme and the review of certain activities within the three divisions will impact this year's financial performance. Nevertheless, we anticipate that revenues and EBITDA will still exceed those achieved in the preceding year."
And last years profit was about £3.4m, so I suspect this additional fall was in the main already priced in
This company always seems to shoot itself in the foot ,not the first time it mest up got in last time and will get in this time again good long term bet
Analyst from investor chronicles.
Late sells from early morning just been reported on the L2 for some strange reason...
Anyway, over the past hour we have net buy of 68K shares so it seems to me that 38/39p was the rock bottom and sp will move up from here.
Could someone please inform me who Simon Thomson is.
Yeah, he has backed some stinkers.