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Thanks Thordon!
Just to let you know spent couple hours reading all the RNS going back 5 years.
Bion are owed around 73RM million , now there is a program been in place for several years of repayment but last year a transfer of assets ( power generation ) from one company and likely still to continue as announced.
Turnover will increase this year due to these new assets and others bought in late December not shown on the books.
Now the CEO has said turnover increase last year by 310% or 100RM million , its the profit we do not know and will be realed in June.
Based on past date will be 29th June 2021 , but unknown.
do agree with hillybilly that a price set of what one investor thinks is miss leading , to me its a intesting company and long term hope to add but short of funds always the way.
Please spend couple hours on Bion own website , investor news - then go back in history of all the RNS
Its a good read - then decide to sell or buy
Good luck - Invest only if can afford to lose
Self confessed novice, here on a punt :)
Caveat, I know the risk and don't mind losing.
I'm here for the results and will assess next steps after. It's a company that could become a long term play and even potentially whilst having derisked my original investment.
We'll see.
I think it is very irresponsible to put out these share price estimates without any back up as to how they are derived. Unless I missed them somewhere, if so, could you please repost? I'd like to see a table of potential revenue streams, profits and where these would come from and some attempt to justify such prices increases.
Please be mindful that there many very novice investors on these boards, some of whom may actually act on your suggestions. We all have an ethical responsibility and this should be something for you to think about. It is so sad to see novice investors lose significant savings on wild punts, especiallyh when there are good risk / reward oppportunities available in the market.
DYOR Do your own research
Hopefully we get news next week and it’s positive but on that,does anyone have any realistic thoughts on the share price for the next 1,2,3 years based on what we know at the moment?
Hamodeh,your excused from this question unless you try and be realistic Lol
For sure, but good to remind them they said a few weeks on the certification back in April and it's now June ;)
if you do would be non sensitive
Will share an update, of I receive one.
I sent the team an email, with a request for an update on the below:
1. Release of final audited accounts for the ye 31 December 2021. (Expected in June)
2. Update on the certificate of commercial operation for operations at Seberang Perak. (Expected a few weeks from RNS)
3. Update on the IOD for Nasaruddin. (Expected a few weeks from RNS)
Anyone have any insight as to when we might expect news?
Appreciate company says June.
Seriously don’t think 50p or £1 is a realistic figure to be honest but you can certainly dream lol!!
Hamodeh,do you smoke crack or are you serious?
Before the storm, i really don’t care about Serba Dinamik any more. My target 50p by 2025 £150mcap or £1 by 2030 £300mcap
Update very soon so fingers crossed
Does anyone know the cut off dates for the company's notice of AGM and by when they need to hold it?
I agree Panino-they are seperate operating entities with different models and markets. I also agree that we do not need an RNS on this. But I would like to see Bion's response to Hamodeh as there are links between the companies and I would like to see a formal Bion communication that this is of no concern to them or their shareholders.
Personally, I'd prefer BION to not issue an RNS. IMO, they are separate entities and have a different operating model and market.
Any RNS responding to the Serba audit issues would only serve to build a connection and it's better left ignored.
I would only expect an RNS to advise of any impact, which we should be made aware of.
Many thanks Hamodeh. Please share any reply.
Hey Bwana.
I have just emailed BION and i hope i get a reply or RNS
Dear All,
I have invested in Bion Plc 3 months ago. I have also increased my holdings on trading update RNS to around 300K shares.
Recently, with the audit issues around Serba Dinamik and its share price falling down along with its related companies (Bion included) we request RNS of clarification of the impact on BION for the short and mid term.
Please note that I know they are separate entity and listed of different market, but the uncertainty of the audit issue may affect future funds and my lead to Decline in SP.
RNS clarification would be amazing to give the market re-assurance on Bion future.
Thank you for your understanding and looking forward for your reply or RNS.
Hamodeh-do you have an email address?
Hillbilly-good research..thanks,despite the wrath incurred from some corners!!
We are investing here long term. So, we want an RNS clarification on the impact of the audit issue around Serba Dinamik, it’s getting serious all companies related to Serba Dinamik have been downgraded and limited access to funds.
Please Board we want assurances here. An RNS outline the impact would be great.
If we get the result without this information, the market will not act positively.
If you want business we must get assurances RNS
The drop is mainly cuz what’s going on with Serba Dinamik. The audit issue.
But no worries once we get the result it will be fine. They are separate entity.
Sorry should note do your own research and not take our words.
LOL Jcx1987 as Andrew said we already know the Full year revenue is just a point that we do not know profit.
Based on past can be 7% to 15% profit , the main attraction is the assets purchased for generation which will partly show in December. So expecting good revenue projection for the coming year not shown in last years end results.
SP will drop and rise mainly for the MMs to get more shares or under pressure so share rises.
Good luck but im long term , bought big at the start
Please don’t worry, I made the same mistake when I started trading, the key is to wait, you’ll see drops along the way, I’ve held so many shares that have dipped before they’ve risen. Patience is key!