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Nearly impossible to buy and easy to sell. Tells a story. MM’s have zero stock .
News incoming for depressed price!
16m
‘Company is aware of the share price drop and will be responding to shareholders concerns shortly’
#BRY email from IR this morning"
I agree that the mcap is far too low.
If the bod are competent this will fly [even if the comms due are neutral]
The BOD are working on resolving all of these issues - that's a given.
Newsflow is coming - that's also a given.
Smallcappick / Stocktrader will have closed his short and will have bought low priced stock to get double bubble - that's how market abusers work.
His little band of 10 and 20 percenters that hang on to his coat tails will be instructed what to do once he is in the free and clear.
Back to 25p in very short order not impossible here.
Boom time here surely.
Nice
"have been a shareholder here since 2010."
Good morning Ivybush , I totally agree with you that the current sp resulted in substantial losses for long term holders & they have my full sympathy. Shame that this is the way AIM works and I think its not a place for genuine investors anymore.
I do believe that the sp will recover from the current heavily oversold level and the 85% drop in sp has been an extreme reaction to some uncertainty which also involved MMs manipulation.
Anyway the good news is someone on twitter just received the following from the company:
"@AHayesFud
·
16m
‘Company is aware of the share price drop and will be responding to shareholders concerns shortly’
#BRY email from IR this morning"
Pretty sure they’ve never placed. Kestrel will resolve the short term cash flow issue and then they’ll likely be taken over at a massive premium to the current sp.
Ivy has a point. Ebitda etc is all fine and dandy but it’s cashflow that’s required to sustain the business- and if poor, you have to place. Etc etc.
@E_AL Thank you for your comments and advice, I was at one time before my
retirement an authorised investment adviser, and have been a shareholder here
since 2010.
In the last 6 months cash of £4.5+ [built up by previous frugal management] has been
liquidated. Now funding required approx £1.5m [i.e. could be more] "prior to
30th November to support existing operations" per RNS.
So company will have spent £6m+ in 11 months, beyond any net income.
I call that a management disaster---certainly is for long term shareholders.
https://twitter.com/rick_shares/status/1182028246122143745?s=21
Martin Thorneycroft - CFO previously was as Patsystems PLC who were bought out at a huge premium by ION hence him moving to Brady #BRY
A disaster ?!!! Are you for real :
unaudited preliminary results for the year ended 31 December 2018.
Financial Highlights
· Adjusted EBITDA* £2.6 million (2017: £0.3 million loss)
· Revenues up 4% to £23.2 million (2017: £22.2 million)
· Gross profit up by 15% to £13.9 million
· Cash costs reduced by £1.1 million
· Net cash inflow from operations £0.9 million (2017: £0.1 million outflow)
· Net cash at 31 December 2018 £4.6 million (2017: 4.1 million)
Operational Highlights
· Focus on existing customer engagement and delivery on key milestones
· Significant product progress: CTRM fast start, tolling module, Elhub project live, I-SEM delivered
· Carmen Carey appointed CEO with effect from 18 February 2019
· Improved staff engagement through a series of internal initiatives
· Completion of Recycling business disposal, receiving net cash proceeds in year of £2.9 million
**as for 2019 :
“ Revenue for the 6 months to 30 June 2019 was £9.55m, down 9% on the prior period (£10.54m in H1 2018). Our gross margin has improved marginally from 51% in 2018 to 53% during the period.
On 21 August 2019 we announced that the pipeline of revenue from new customers previously forecasted will not materialise during 2019, although new business bookings are anticipated in the second half. As such, we re-iterate that full year revenue will be circa £19m”
You do realize that they are making millions of pounds in profit unlike many other companies in the same sector of business but with MCap much bigger than Brady’s current MCap so 90% drop in sp is an extreme over reaction to news about coming placing Which will be at multiple times the current sp?
Read their interim results and ask your accountant/investment advisor to explain it to you before calling it a disaster !!
That is now very historic. She has been in charge of a cash flow disaster since then.
£1.5m aditional funding required before End November, re RNS.
Over £4m cash/near cash in 31st Dec 2018 balance sheet.
Poor management, not recognising major cash flow problem before now.
I just saw this interview on twitter and I thought to share it on here for the benefit of the new investors/ traders who many of them don’t know much about the company :
“Q2 2019 :The new CEO Carmen Carey spoke to Proactive London following the release of its 2018 results.
The fintech, which underwent a restructuring and management overhaul last year, posted adjusted underlying earnings (EBITDA) of £2.6mln, compared to a loss in 2017 of £307,000.
Carey took over as CEO in February this year having previously been a non-executive at the company.”
https://youtu.be/i6dy3KE83yA
https://twitter.com/aimshareguru/status/1182025150985883648?s=21
#bry The only remaining quoted asset in the commodity software sector. Others taken out by private equity funded deals of between 3-5x sales price. #bry 2019 estimated sales of £19m!!
Takeout of between £57m - £95m - I'll take that!!
Now loving that top sentence!!!
Interesting post Majorboy. The sp spiked from around 3p all the way u[ to just below 9p so today was more of profit taking day to most of the holders. The sells faded couple of hours before the bell & we now have new group of PIs who most of them bought in between 6-8p .... the sp is still heavily oversold on the TA chart (rsi 16.6%) so I think it will bounce back up tomorrow morning to above 7p.
I hope the protagonists can support there stance with evidence as it is easy to obtain an IP and track the user down.
Clear instances like this where a group acting as an unofficial concert party where the main protagonist is clearly known would be grist for the f.c.a mill .. makes me worry for them when frankly they do it so openly a Ross different instances of social media and annoy so many other people .... not me u understand as I'm still in profit ... just musing really.... all that body of evidence so easily obtainable ...
As soon as the news that is due comes out this goes bang - why else are they hitting it down so hard to get cheap stock for those that missed it at lower prices ... in a way its a good thing and it shows you how this guy his group and the MM's prefer to operate ....
When all of the negative news thats been in the public domain for weeks was widely known why was Bobby Dazzler promoting it so heavily only days ago - answer it hit 8p - now he wants rinse and repeat ..... it will be going back up shortly ...
Good support at 5.5p on the technical chart
It sure is a fast mover. But I like that.
I was thinking it must be that after I replied lol. Obviously I don’t know the story but bobby dazzler just makes me think of creosote coloured David Dickinson
In that I get to post the phrase Bobby Dazzler to Stockiest .....
In what way ?
Or is that you shutting your shorts Stockiest ?