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2nd buy going through as a sell. Starting to display more inaccurate information again.
So seems today's messages have been expunged.
Not sure what is not allowed:
-Calling a narcissist a narcissist
-Noting that a very dull person is dull
-Suggesting someone gets help for compulsive behaviour
Decent week after all. Still plenty of patience required but turnaround very much on.
More buys than sells, and now they start showing buys as sells again.
swag i would respond with a massive paragragh in a stock i do but i can’t be ****d. i’m now spending time with my family.
Haha sniffer.
The margin increase is good but the sales are still pitiful...15 months targeting the largest economy in the world..and what do they have to show for it? Not. Much of an increase. In sales for sure.
India...oh now another target market....uk..eu..usa...india...where next?
Not sure how Carolyn can be considered an asset ? What do we know she has done?
Gross profit is up but don't forget the backlog from the year before contributed and so we are prob only marginally above the year before that.
And what is the real profit ? When expenses have been deducted?
Gov dispute will probably go against cnsl....both tories and Labour can get brownie points from being seen to pursue tax payer money wasted during covid
listen folks i’m a serious baller. i have just flown back into the uk and i have them fuelling up the jet. i’m cleaning up and then i’m off to dubai for dinner appointment at salt bae restaurant. i’m closing a massive deal there and i’ve ordered full of **** t bone steak, i’m clueless sticky toffee pudding. can’t wait for it but i can’t hang around as they are fuelling my yacht to get back home. as i’m waiting for my private jet to land i had time to kill so i though i would type this out on a stock i don’t hold and test it’s a penny stock.
you leave the country for a week or so and look at what happens? i am sure i have been missed by all.
so, a rns and the usual flurry of excitable spamming ensued. we even had over £100k traded on the day of release. mostly small trades but they all add up and the price increased. on a purely superficial level you can see why. the rns contained some great news. for me here are the plus points:
1) margin has significantly increased on the products. this means the appointment of an operations guy has paid off and the production side is working efficiently with further optomisation due. this relieves the need to relocate.
2) simon is gone replaced by carolyn who has clearly been an asset as non exec director. this does still leave a hole on the financial side and so with the appointment i expect a new cfo to be appointed. i didn’t rate simon and so this is a positive move.
3) profit up substantially and a cue to costs is that cash balance is up. this indicates, but doesn’t guarantee that the cash burn is over.
now, that is all good and it is encorouging that markets in india have also been identified as a potential growth area.
so why is this still at 4p? why were buys outnumbered yesterday and why is the price drifting today?
as mentioned, with a stock it is very easy to get over excited and carried away. most involved with odx shares will know this more than any. with cnsl it is often what they don’t say rather than what they do that is always slightly alarming:
1) no news on the government action – this is a weight hanging over the company but with an election coming it remains doubtful if settlement can be reached and it is clear they do not believe they have a strong enough case to launch court proceedings.
2) no news on the us. we know two machines were sold with one delivering. but for this primary growth target to not be mentioned is worrying.
3) revenue may look good but is it? i predicted that revenue would be below £10 million and here we are. this means that much of the growth has come purely due to deferment. that is not good because this business isn’t going anywhere unless it can substantially grow.
4) my guess is that the company may show a marginal profit when the figures come out. let’s be optomistic and say £500,000. on a straight optomistic multiple of 6 that would make the company worth about £3 million + goodwill and ca
I’m a busy ceo and a self confessed jet setter. I have a work load bigger than John Holmes’s money earner and on top of this I own a boat.
Question - what do in your spare time if you get any. Well I comment on a 2 bit share forum board on a stock
Question - what stock? it must be good as you spend all your free time on it. How much do you hold and can you name it. No I don’t hold any and it’s crap and did I mention it’s a penny stock.
Sorry Atan I will have to finish with the trade mark
LOL
Fair play Atans back, so good news for Captain. Atans excuse for not being around and commenting is - busy work load and I flew out the country for some sun. Now this is a dam good excuse BUT Atan has loaded this board while working, busy, meetings, holiday, on the beach. This board is laughable. At least captain has an ally back
Go on then Mr Swagman clear off I'm quite happy at how much more my shares are worth niw since you were advising to sell in the 2-3p range. Complete vermin the pair if you, I have continued to do what I have learnt to do since I originally bought in here. Unlike you who claimed to just let the share fall then sell your vast amount of shares and niw remain annoying shareholders here.The pair of you claiming to know what you are doing.
Two fantasists who try to shoe they are more successful than they actually are.
Agreed atan....
I think some are just too pig headed and stubborn to see the reality. Gambier's who can't take being wrong.will stay in until the bitter end when they could have made money back elswhre
Plus some pump and dump merchants.
They usually go quiet as they cash out for a bit of coin
Much better shares out there....if you look around
People need to forget about the covid bubble
Perhaps not Captain but I think £8-9 million is likely a fair market cap on the current news. Would I spend my own money on CNSL right now? Not a chance. Just knowing I had some financial connection to someone as disconnected from reality at the green stripe carer would be frankly too much for my dignity to take. Would give me the ick. Thankfully this penny stock has about as much appeal as a wet sock and I continue to avoid.
If I was still underwater which the green stripe loser is then I would hold. If I had made some margin I would sell. Much better stocks and opportunities out there.
More chance of good news, as per your previous posts you are usually incorrect. Never mind you and your buddy continue holding hands and spouting your infantile content within your posts.
Good poi not atan.
Were only a handful of buys at the lowest points.
I don't think 3.75p will hold. Always risk of bad news on gov dispute too
Atan trying to save face, it doesn't work fact is yoh we're posting for people to sell not to buy at 2.25p or lower. Fantasist and full of what you may stand in
He and Captain Swag have been doing as I had been saying ages ago. Buying when they were saying the opposite. Devious pair who will come a cropper with their continued posting here.
Thanks Captain
Work load and getting so sick of the UK weather that I flew south to get some rays meant I totally missed the release. Not that it matters as you know, I don't have any financial in the success or failure of CNSL. I hope my pragmatic response was enjoyed by the green stripes but they are likely still moaning. Bless 'em. I could write that CNSL was the best stock in the world (it clearly isn't ) and they would still moan.
Fact is I said revenue would be under £10m and I am spot on. I also said that due to this the lag would account for much of the growth. Here we are. Was wrong on the cash burn as I believed it would be £3.8m based on the cash burn ratio they had previously. Hey ho.
Hope some of have made a bit of money out of the rise. Not a bad return if they bought at 2.25p or lower. Anyone claiming to have bought below and selling at 4.30 should of course be laughed at because the number of buys at that level were near zero.
For me, with the current news 3.75p seems fair value.
Atan has probably been stopped from posting for the last 14 days, 11 April untill today, not as he sat been on holiday. He usually posts that he is going on holiday.
As you can see from his post on 11.April he knows nothing as he posts 'cash will not be over £4m'
Hiw wrong could he have been with that £1.4m wrong. Basically another on with Captain who implies that they know more than others when in reality they know absolutely nothing. Company is best place to listen to and as what they had to say in RNS it's looking alot better here than it was before.
Thought the narcissist had done the decent thing and gone for good. The normal verbose ramblings say nothing as always. At least now PrivateDull has somewhere to rest his tongue. Not sure which one is dullest.
Warrants have expired last year
My bad Mr Swag, you are absolutely correct. "The Company today announces that it has raised £2.0 million (before expenses) by means of the Placing of 50,000,000 Ordinary Shares at 4.0 pence per share and that it intends to make an Open Offer of a further 49,860,515 Ordinary Shares to give Qualifying Shareholders the opportunity to invest (up to £2.0 million) in the Company at the same Issue Price. Subscribers to the Placing have also been issued with Warrants to subscribe for one additional Ordinary Share at the Issue Price in the ratio of nine Warrants for every five Placing Shares issued to those subscribers."
Good post atan..good to see you back with factual posts
I had forgot that last year's sales were bolstered by the backlog from the year before..
So looks better than it actually is
I am looking forward to full results where we can see what the actual EBITDA is
I
Andy that was the open offer not the placing. After the placing they tried to open up the offer to mug punters
Nobody took the open offer up
The placing figure is a lot higher..gazillions
Gazillion is made up. It isn't a real number, it was used as a numerical amount which it cannot be.
Gazillion was used as a made up adjective that means a huge amount. How huge that amount is nobody knows. They only know what that amount was previously.
The fact is that no numerical amount was used because In mathematics there is no such number as a gazillion.
You leave the country for a week or so and look at what happens? I am sure I have been missed by all.
So, a RNS and the usual flurry of excitable spamming ensued. We even had over £100K traded on the day of release. Mostly small trades but they all add up and the price increased. On a purely superficial level you can see why. The RNS contained some great news. For me here are the plus points:
1) Margin has significantly increased on the products. This means the appointment of an operations guy has paid off and the production side is working efficiently with further optomisation due. This relieves the need to relocate.
2) Simon is gone replaced by Carolyn who has clearly been an asset as non exec director. This does still leave a hole on the financial side and so with the appointment I expect a new CFO to be appointed. I didn’t rate Simon and so this is a positive move.
3) Profit up substantially and a cue to costs is that cash balance is up. This indicates, but doesn’t guarantee that the cash burn is over.
Now, that is all good and it is encorouging that markets in India have also been identified as a potential growth area.
So why is this still at 4p? Why were buys outnumbered yesterday and why is the price drifting today?
As mentioned, with a stock it is very easy to get over excited and carried away. Most involved with ODX shares will know this more than any. With CNSL it is often what they don’t say rather than what they do that is always slightly alarming:
1) No news on the government action – this is a weight hanging over the company but with an election coming it remains doubtful if settlement can be reached and it is clear they do not believe they have a strong enough case to launch court proceedings.
2) No news on the US. We know two machines were sold with one delivering. But for this primary growth target to not be mentioned is worrying.
3) Revenue may LOOK good but is it? I predicted that revenue would be below £10 million and here we are. This means that much of the growth has come purely due to deferment. That is not good because this business isn’t going anywhere unless it can substantially grow.
4) My guess is that the company may show a marginal profit when the figures come out. Let’s be optomistic and say £500,000. On a straight optomistic multiple of 6 that would make the company worth about £3 million + goodwill and cash consideration. That makes the business worth about £9 million in my view without having visibility at this point of the P&L.
This explains why the shareprice is where it is and why, without further news will remain as such. The signs are good that the business may be turning the corner and its cash balance, unless fudged, is a clear indicator of that, but I wouldn’t get carried away. This is still very much a gamble stock with growth in share price based more on sentiment than realities.
Argue all you want and pretend this stock isn’t something it isn’
"The Open Offer closed for acceptances at 11:00 a.m. on 31 May 2022. The Company has received valid acceptances from Qualifying Shareholders in respect of their Basic Entitlements in respect of 1,560,453 New Ordinary Shares and has also received applications from Qualifying Shareholders under the Excess Application Facility in respect of 1,317,323 New Ordinary Shares. In aggregate this totals 2,877,776 New Ordinary Shares, representing approximately 5.77 per cent. of the Open Offer Shares. Accordingly, Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlements as well as those applied for under the Excess Application Facility.
Accordingly, a total of 5,002,776 New Ordinary Shares will be issued at the Issue Price (subject to the conditions noted below), of which, 2,125,000 New Ordinary Shares will be issued pursuant to the Subscription and 2,877,776 New Ordinary Shares will be issued pursuant to the Open Offer (the "Open Offer Shares"). This brings the gross proceeds of the Fundraising (including the Placing announced 6 May 2022) to £2.20 million before expenses."
Gazillion isn't made up.
https://www.vocabulary.com/dictionary/gazillion#:~:text=Definitions%20of%20gazillion,kazillion%2C%20million%2C%20trillion%2C%20zillion