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Cant see anything specific to the repayment of the £600,000 loan on the New Board or here ,I did note in the accounts under payables outstanding ( loans and Borrowings ) £599,000 , so still not sure ,I sincerely hope the debts been paid and they aren't holding it back . Anyone else know if the loan has been paid back in full ?
Suggest you find the answer to that one cashking and when you have it post it up. ATB Pawn
with all that cash at year end,did they pay new world oil back?
Thats what the other forums posters are saying but they had plenty of cash left at year end (£2.5m) and are now growing revenues at pace. Expecting more contracts/deals RNS's myself quite soon as these seem to be moving quite aggressively with the business. Wonder who their next big affiliation will be with?
they are running out of money and will need to do a placing is my guess
paid the Loan Back to New world oil back yet?
200k at 25.2p
Did I miss something in the RNS that warrants the 9% drop this morning?? I guess just a temporary blip on the rollercoaster that is AIM
@ 26.25 & larger @ 26.50p
more soon!
statement!
Very positive RNS. Seem to be growing at a rapid pace.
Take a look at the other share dealing forum
@ 29p of 100k shares goes thro. Yes agree with you there Backwoodsman.
IPSOS. All looking good with these contracts here.
earlier was @ 27.25p.
& big contracts will start to see sp motor up!
We are not there yet but at a £20 million market cap that would start to happen and we will get there sooner than you think. At 23p the market cap is now £14 million. Before the city wakes up BUY greedily at up to 25p – our initial target to sell is 50p but that may well be far too cautious." Ends I stand by that. The shares are now 26.75p so a HOLD on HotStockRockets but I sure won't be selling our shares at anything like this price. Big Sofa is on a roll.
ig Sofa - is the unnamed Consumer Goods Multinational Partner P&G? we think it is By Tom Winnifrith | Monday 26 June 2017 On 12 June Big Sofa (BST) announced a Global Agreement with a Consumer Goods Multinational based in the US. This was a big deal and reinforces our bullishness on the shares. But it did not name the company. But hang on have a look at the company's recently updated website below: I put it to you that next to Ipsos, the first big name partner, is Proctor & Gamble so can we now out it is partner number 2? As a reminder, after the 12 June RNS HotStockRockets wrote (and I stand by this). What does this actually mean? We were taken inside yesterday and had a major number crunching exercise. Historically Big Sofa has generated revenues from numerous small contracts worth £5,000, £10,000 or £15,000. that is great but it does not offer visibility. The strategy now is to secure major deals like Ipsos and today's deal which may take a few months to ramp up but will in due course generate revenues of £1 to £1.5 million each per annum. We now have two such deals. We gather others are close to being concluded so that by the late Autumn there should be, at least 4 bedded down and onstream which means that a fixed overhead of just under £5 million per annum will be covered and the company will be profitable. Given that it raised £6. 1million last December cash will on that basis not be an issue. Yes the company will lose money in calendar 2017 but should end the year with at least £2.5 million in the kitty. The joy here is operational gearing. Adding on a fifth or sixth contract would add very little to the cost base and indeed the internal plan is to build up to 12 such contracts by the end of calendar 2019.. So lets assume that each contract does grow to £1.25 million ( we are being cautious).. On that basis with – say 6 on stream for the whole of 2018 sales that year would be at least £7.5 million. Assuming some additional cost plus general inflation plus cost increases overall, that would imply a pre-tax ( and post tax given 2017 losses) profit of £1.5 million and year end cash of £4 million. But in 2019 on, say 10 contracts, the sales number goes to £12.5 million ( and that could well be closer to £15 million) and profits to, at least £5 million. Even on a full tax charge that is earnings of £4 million ( and year end net cash of £8 million). Such a growth play would surely merit a PE of 15 + cash? That implies a market cap of £68 million which is c120p per share. Okay we are not going to get there tomorrow. There is a time discount and a risk of non delivery but so far so good on that score and we are assured there is more to come over the summer. At some stage brokers will start to cover this stock and offer official forecasts and at some stage that will attract institutional buying. We are not there yet but
up. ASK 27p
Seems like the SP has woken up - any ideas?