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From the responses Captain is making I am assuming many are still bleating about CNSLs record of growth as announced in the previous trading update.
As my analysis showed at the time it was largely smoke and mirrors. This was because of the lack of governance in production facilities which meant that yields were significantly down. In English, that means they couldn't invoice (if you don't ship you don't invoice and you don't get paid).
This meant that instead of carrying around a £1m order book into the next financial period as they normally do, they carried £2.4million. As stated when announcing a £2.5m order book in the trading update:
"The current and forecasted orders (my note: £2.5m) are no longer able to be fulfilled before the year end, but will contribute to a stronger than expected opening order book for FY24."
What is the headline constantly being used? Likely this one:
Revenue increased 44% to £4.9m (H1 2022: £3.4m).
This "increase" was purely from Footprint. Food Detective is stagnant as stated in the RNS and confirmed by Jag in call.
So, take the additional circa £1.4m carried due to production yield/governance issues off the sales and you're actually looking at £3.5 million. A c £100K change from H1 2022. Even they state in the Trading Update Sept 23 that the increase was due to improved yields on FoodPrint.
Remember that due to improvements margin has recovered but then costs increased (excluding one offs) by £400,000 in this period. This is important to note for anyone with a historic perspective of ODX.
The board also stated in the update:
"H2 is expected to remain strong, although in the absence of any further backlog to fulfill, is expected to be slightly lower than H1 FY24"
In 2022 sales were £8.5 million
In 2023 sales were £7.5 million (a 12% drop and at the bottom of forecast)
Do you spot it? H2 traditionally produces higher revenue. H2 2022 for example was £5.1m.
To make this simple: H2 will be under £5m meaning the company is not expected to generate more than £10 million in a year. In fact, they admit they won't. Realistically we are going to be looking at a range of £8 to 9.5million and another loss with substantial cost increases due to "headwinds" and higher salary costs. This means that EBITDA will be neutral or negative. Again.
In other words a company with significant challenges in an increasingly competitive market making no progress except slightly recovering from the disaster of last FY. The news on the other items of jam will be of interest and I am sure many will crow on the "increase" in revenue. But it is very thin for anyone interested in this stock beyond the simpletons headlines.
Don't say you weren't warned. DYOR.
Atan - i agree.
the results will come out very soon...and there will be no hiding ..even for teenagers in their mothers basement or their dim sidekicks
the company have been trying to butter up the scone (with education webinars and other non profitable meet n greets) - before the slither of jam (tomorrow ) comes.
lets see how anybody justifies 10/12p this time
More attempts of trying to scaremonger from a vulgar poster. These points were in the RNS of 30 Sept 2023. 'Overheads had increased which included a one time investment of the operational improvement project and business realignment'
Then later on 'These newly implemented measures, alongside management changes have allowed us to address the order backlog and the markets demand for food sensitivity tests remains strong. As part of this process and in our drive to constantly seek operational improvements, we now have a permanent continuous improvement function in our operations department to promote further efficiency and productivity across the business'.
Sounds good, and then don't forget the RNS dated 29 Jan 2024 announcing the new operational director coming from Charwell Consulting.
Investment for further improvements.
A green stripe. What a surprise. Let me guess - I'm horrible with all my facts. Everything is rosey and if we ignore everything bad - like the fact that the current facility had to introduce basic ISO standards to squeeze as much capacity out of a facility the board said wasn't "adequate". Stuff like that.
All the facts are in the RNS. All the facts are in my post. You can choose to accept them or believe in magic fairy dust. I dot care either way. For me this is just fun. For the green stripe gambling addict it means the loss of life savings. Who is likely to have the agenda?
Atan - lets be honest they don't believe in the fairy dust any more than you or i or jag....
just pump and dump all the way
we know what fakey is up to and the other one admitted last night they were dumping whilst pumping
we should know by the end of next week....and i for one am looking forward to the trading update
Captain you've got a mouth like a sewer, When did I admit yesterday that I was dumping when I was pumping?
There you go again posting bullsh it and lies.
End of next week, that's not what I was told today by email. But you probably know what I was told already don't you.
RE: Another day and more buys in!8 Apr 2024 15:02
Not trading this share at all,why would it have been a good Idea to sell at 55p? I sold at 53 p then bought again at 43p then sold at 53p then bought at 43p sold at 53p then bough at 15p then at 3.4p then at 2.5pthe at 2.63 then at 2.85p then sold at 3.4p then 3.43 then 3.61 then 3.65 then bought again and now just sold some last week remember.
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tonight at 21.16
"Captain you've got a mouth like a sewer, When did I admit yesterday that I was dumping when I was pumping?
There you go again posting bullsh it and lies."
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jeez....you said the first post only yesterday . admitting you were selling last week all the while you were pumping and suggesting a takeover bid !!!!!!
you are clearly trading ....nothing wrong with that - just be honest..
No Captain if you can read I sold some share last week to help fund a legal case I have. Not trading at all. I sold the shares to pay for a legal case get it yet. Then since then I have bought some more shares as the price had fallen. Not trading at all. The sales at 53p and buys at 43p were months ago trying to recoup losses whilst you continued to post as you did moaning about Colin not being able to sell the last coke or Pepsi, remember. I wasn't pumping then as you call it look back as yoj even posted I didn't post anything about company. So you gave me the idea Captain just post content ftom RNSs so other people can see read this points.
When did you say you were selling for a legal case?
post the evidence or else it seems that it is just made up now? to cover yourself from being caught out
also maybe stop looking for trouble with people ...save yourself money....and you don't have to sell your golden tickets!..lol
RE: Great RNS3 Apr 2024 15:44
Bought some more shares today, wonder why they are not showing as a buy?
Cos the money has come out of my account and I now have more shares.
I also wonder how many more trades are showing incorrect information like this?
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RE: Beyond the headlines - Actual research within.Today 07:01
No Captain if you can read I sold some share last week to help fund a legal case I have.
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so Wednesday (8th) last week you told us you were buying ?....but now we find out you were actually selling?
which is what I said all along ...jeez....honest kate calder....lol
The stench of desperation from atan LOL LOL and its sidekick! Wow, they hold no shares between them, but spent all of yesterday, including last night, posting endless long winded tirades against cnsl, atans short must really be draining his finances now.
To think he admits losing big on odx and now has a short that is burning his ass to the extent he posts every five minutes, how karma bites the unpleasant ones!
Anyhow, I'm 100% up here by not listening to a word the two clueless post so I'll just ignore their content and look forward to cracking results and another 100% rise!
Fakey- cos i have a soft spot for you i will give you some advice.
do what we in the trade call a "kate calder"..sell a big lump (for a good cause of course) whilst pumping vague made up rumours of "someone buying" ..ask if it could be a takeover bid with a question marl to cover yourself...even though there are only a handful of trades of the price of some lottery tickets.
whatever happens don't lose money when the results are released! we all know where the sp will go
No Captain pointy nose try looking at 25 March 2024, when I posted the truth read it and weep loser. Shut up now yoj have been proved wrong. This is the same legal case from years ago about a sewer flood remember the abuse I had. Shut up Captain Swag you know nothing.
Oh and for icing on the cake..claim the sell was actually wrongly recorded and should have been a buy? ..lol
"No Captain pointy nose try looking at 25 March 2024,"
25th was not last week...when you said you had to sell.
thing is if you lie - try to remember
There is no lie, apart from what you try to post
Never mind Captain been proved wrong again. Get new glasses🤓
Thing is honest kate calder - it is in your posting history. black and white darling.
Yes read it and see.
Read my posts with the dates..last week was 1/4/24 - 7/4/24
you said you bought last week ....on 3rd
today you said you actually SOLD last week.
busted
Wow - must have been some raised blood pressure last night and this morning following the facts I produced from verifiable research. The toxic twins must be really upset with the number of green stripes. Bet not one of them has argued against the figures I listed.
Captain - you're wasting your time engaging.
Have fun.
I sold to pay for legal case and then bought as I posted on the 3rd as you say. Boring now Captain pointy nose.
Atan i only engage with "honest Dave" when it amuses me.Quite fun watching the slow cog turn as they realise they have been caught out..lol
"RE: Another day and more buys in!8 Apr 2024 14:36
Captain what about the shares I sold at 3.4p,3.43p,3.61p and 3.65p do you think that was a good idea. Shares go up and down Captain, as I said before don't post what you are doing remember when I posted before not to say everything on a share forum board."
actually what was a good idea is to pump throughout the time you were selling...Nice......
remember asking for a friend if there was a takeover...etc etc ..lol
hashtag karma
Some of those sales were last year. Get real Captain pointy nose you are digging deeper and deeper.