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Just a bounce of the actual research rather than the constant spam:
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.
A dip sample of the Captains posts today reveals - 'So good chance tmrw'
No full stop, and it's tomorrow, not tmrw Captain!
The most illiterate poster on LSE seems to think that a lack of punctuation, proper words, and structure to his sentences is the best way to convince people how to invest!
Thanks Andy for your valuable insights into the research post. Weird how you bleat that you want to discuss the share and yet totally ignore the original post to moan. I guess you believe using tropes to attacks others is acceptable?
I'm on a conference call currently and it is as boring as your posts.
Andy..
Nobody puts a gun to your head to come on.
Don't be another one of those moaners on here.
Who complain but never start an interesting thread or post anything worthwhile. Just come on to have a pop and tell people how exciting their lives are.
Another day
Another day of playground politics
YAAWWNN!
Agreed atan ..leaving it til a Friday is not good news.
Wonder if they will do an after hours one?
Historically they haven't within first two weeks...there is no reason to be late as far as I can tell. So good chance tmrw
I agree on Dave's shocking comments.
The fact her mate supports her..says it all teally
Captain why do you still post with no punctuation? There is no way you have ever worked with such a poor grasp of the English language. Honestly, when you smear cnsl 24/7 for any made up reason, using punctuation that would make a primary school child sneer, it just shows you in the bad light.
Do you really think people will invest, or not, on the say so of someone who is unable to string the most basic of sentences together?
PrivateDull "i will not engage with you further"
Yes, it will. This IS its life.
Captain pointy nose the most condescending obnoxious arrogant poster who posts here.
..honest Kate Calder..nicely avoided remarking on following me onto another board. you know you did wrong..
Anyway Andy is right enough is enough....
you have had a bit of attention from me today - to liven up your life
but that is it.
i will not engage with you further
ciao !
"Captain posts-(What about the mistakes o this one?)
What does that even mean you fool?"
------------------------------------------------------------------------------------------
what you could not work out with one typo of a missing letter - really?
ok - you keep posting criticising my grammar - but all the while making mistakes yourself...lmfao
comprende?
Captain pointy nose trying to explain/excuse his previous faults. Too late pointy fellow everybody can see.
Your obvious inability to handle criticism towards you, has revealed your main faults within your posts on thus share forum board.
Never mind Captain pointy nose you will be able to wear some glasses now. 🤓To help you to see things clearer.
Fakey - guess you could recognise your previous mistake?
What about the mistakes o this one?
hashtag oops!
Captain still double or no full stops, what is going on with your punctuation, and basic ability to post a sentence? Hard to take your hard core de-ramping seriously when you clearly struggle to post a coherent punctuated sentence.
At least cnsl can post a well written rns, full of proper punctuation! That then conveys that they are professional, and people buy into professionalism, you following this?
I have been a member of this form since i held shares. i have an interest in the company past present and future.
I have never had a personal agenda on here. only reluctantly occasionally responded to continual provocation , abuse and aggression on here.....you started on me remember. i tried to defuse your continual attacks with jokes (musical of kiss me kate reference)..
you even took that as interest in you..ffs...really?
did you or did you not go onto ncyt twice ? - not to talk about the share but to have ago at me?
were you not asked to leave by another member?
look at your posting history..you regularly have 14 out last 20 posts ...as captain this captain that...blah blah
now..that is a tad strange even for you?..no?...lol
ps....it is all in your history so don't lie!
'they have even followed me onto other forums'
Who does Captain pointy nose think he is, and is he not following other shareholders on this forum?
Absoluth bonkers, he incessantly posts on a share forum board to try and benefit and doesntlh like if anyone dare do the same to him.
Golden Rule pointy nose, remember what I posted.
Fakey - the problem with pulling up people on their grammar is that you have to be perfect yourself. Putting in the odd comma does not excuse any other mistake.
Can you spot the mistake in your last post?
hashtag oops
Pity captain you can't string a basic sentence together with even the absolute minimum punctuation expected of an adult, but hey, I guess in your head that gives you credibility when dishing out advice.
Apologies Andy - if you look back i ignore 98% of the digs. You will see a certain poster"follows" me around quite a bit - usually within 20 mins of every post i make - even though i don't engage. they have even followed me on to other forums,
however every once in awhile it amuses me and i respond to defend myself.
good idea on the pop corn. i have a spply ready for the trading pdate as well as a home baked scone for the jam tomorrow!
Nothing to add to this thread tbh... just getting out my popcorn! Seriously guys give it a break. Can we get back to actual share related comms and not just body jabs... probably get ignored so I'll just get a bigger bucket for my corn :-)
Yes I've got two legal cases, I don't lie.
Honest dave must have another legal bill.......
Cash in bank at last update £4.4m,which is enough for company expansion.
After operational improvements to promote further efficiency and productivity across the business being put in place, question is may the cash in bank of increased?
Will there be an update regarding royalty payment from Accubio?
Maybe an update about government dispute, remember company vigorously pursuing a 7 figure amount in a counterclaim.
Full stop required captain, it shows you have a primary school education at least.
Fakey - funny thing is people on here take my illiterate posts more seriously than your copy n paste....by the amount of abuse i get from the cheerleaders on here