The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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During the year, orders with a potential aggregate annualised revenue value of approximately £1.2m were secured in the construction, cast iron radiator and commercial vehicle markets.
In June 2023, the company also secured a major new contract worth approximately £7.3 million of revenue over an eight-year term with a leading European automotive industry components supplier.
In November 2023, CHC received a letter of intent and tooling orders from an existing customer in relation to two 10-year serial production programs for products in the heavy plant sector. These programs will ramp up through the early part of 2025 and are expected to contribute approximately £7.1 million of revenue over their lifetime.
RDC has signed a two-year exclusivity agreement for an established company in the renewables sector, with the potential to generate up to £1m of revenue per annum.
During 2023, Petrel has invested in two new machines that will enhance productive capacity and deliver cost-saving efficiencies. In the first half of the current financial year, Petrel has introduced upgrades to its product range, including a self-test emergency option for the popular 7 series. With expectations of double-digit revenue growth again in 2024 at operating margins that have consistently been around 16% for the last 2 years, the Board believes that Petrel is well placed to contribute a materially enhanced operating profit in 2024.
Like 9 minutes after the rns came, so has anyone spotted any contracts alluded to in the rns that we previously did not know about?
Fundamentals of business all on track and improved, wheres the massive share price rise going to come from? only way is to keep announcing big contracts
Lol that just usual stuff in a going concern paragraph, that doesnt say they will actually do it. anyway they probably will. but anyway they should try at a premium and now do lots of rnss to drive the SP up
Group's funding strategy is to maintain flexibility in managing its day-to-day working capital needs through the use of an invoice finance facility, and to fund acquisitions and significant capital projects through the use of longer-term funding, including bank loans, hire purchase and equity. The Group's £3.5m invoice finance facility is ongoing, as discussed in the commentary on the Consolidated Cash Flow Statement. The availability of adequate liquidity to fund operations is a significant risk to the ongoing viability of the Group. The Group reviews its ongoing headroom weekly and projects forward on a daily basis for 13 weeks and produces longer term projections that give monthly headroom for a 2 year period as part of its budgeting and quarterly reforecasting process. In addition to the invoice finance facility, the Group has the ability to raise capital from shareholders if required
What this?
t. The Board continues to review the various options available to support the Group's working capital requirements as we continue to deal with repaying legacy debt and providing adequate funding for three growing businesses.
Deep deep into it near the bottom however, it's basically a last resort should need be.... I'm not worried by it in the slightest!
Where does it say that in rns? you have eagle eyes, wheres that?
Might be done at a small premium i would hope
Does say in the rns they’ll look to do a fundraise. Only thing that wasn’t so rosy. Everything else looks great
The progress each unit has made is excellent!
CHC have a second large multiyear contract and pletny of other orders.
RDC exclusivity contract for company in the renewables sector
Petrel With expectations of double-digit revenue growth again in 2024 at operating margins that have consistently been around 16% for the last 2 years
Well I bought 70K shares at 2.45 about 10 min before the RNs, so I'd better read the results now. Broke my rule on this one.
Well we got it.
Results are out!
Will be reviewing them in detail asap
! not read yet
Maybe someone is snowed in . Probably no cause for worry
The longer this goes on the more I think suspension. No idea as to why we would. They have under 4 hours to prove that suspicion wrong.
Unfortunately don’t have premium so can’t reply to any inboxes -
Can be reached at -
lawrmyer at icloud.com
Seriously why are they waiting until the last possible minute?!
Im going dentist, probably miss a rns if it arrives, lol.
I’ll be calling him. Whether he answers is another thing
I can go a bit better than that -
I have TB’s mobile number.