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Plenty of big rounded number sells as the price rises., stalling the rise. might see a dip if 8,3 resistance holds as traders get bored and move on. could see a dip opp if one wanted to top up or join in.
This will move fast with that Rns & the upside price forecasts for this company .. could see this break 10p before mid-day 🤔 Aimo
They don't need them with the options they're going to get!
After that RNS!
Hi K3v, "The presentation could very easily have been pulled due to this deal with NatWest coming to fruition, in which case, I forgive Harvey." Agreed. The BoD are experienced so the communication vacuum didn't make sense, and now we know why. Looking forward to the presentation. good luck all.
Facility, this is huge
Goes higher here today for sure....lets see if we can fill the gap to 11p +.....wait until the herd arrive!
Should do 75% - 100% today alone on that news
With only 387 million shares in issue will be hard for anyone to control this skys the limit now.
Seems to have finally been noticed at 8p.
see how many retail buys now come in above 8.2 to gauge interest.
Probably need to get to 9p and be top of the leader board before they notice it but then there'll be traders' bagger talk.
could get silly!
First of all the Directors deserve them.
Secondly I think 14p a short term target and probably a heck of a lot more. 20-30p in a few weeks is possible here.
All the doubt and debt is now gone and blue skys ahead.
So, 10p in v short term and 13 for next big news.
Gla.
Once they dry up (assuming they do!), am looking forward to double figures in relatively short time
This is a testament to the company and directors.
Confidence is everything and the co pant now has that in spades.
We should see a major re rating of the company share price now.
Safe-secure- funded and great value.
Lower cost of capital
Borrowings paid off
Lots of Cash in the bank
A fast growing business now growing even faster!
Jsmyth993
“ But the comms have been shocking, we were supposed to have a presentation the day after the deal was completed - didn't happen and no news ”
The presentation could very easily have been pulled due to this deal with NatWest coming to fruition, in which case, I forgive Harvey.
Splendid. Now the brakes are off.
Multi site HMG department next?
Great RNS there, lots of potential here and look forward to the rescheduled investor update
Exactly Shandy. Any shortfall in the YE EBITDA target will surely be more than made up for by the ongoing incentive plan, even if they don't reach the lower end of the £8-10m range!
They will be cash rich for a stock of this size, we just need to know what they are going to do with it. Then hopefully the AIM market might give this a more sensible SP. Anything
Yes re-reading the £8m to £10m extra, payable over the next 18 months or so (to Sept 2025) there is an max upside of £20m , so i think the £8 to £10m is both realistic and achievable. Part of it is linked to each meter installation so they will know what these numbers have been over the last year or so.
However, this extra income has not been factored into the SP at all
Agree this company has a lot of potential now
But the comms have been shocking, we were supposed to have a presentation the day after the deal was completed - didn't happen and no news
Now results were due end of February and no update or holding message.
More work needs to be done to keep investors on side - it's simple stuff
I agree Shandy. YE results lower than expected but this doesn't mean bad. I fully expect to really good growth again, once they publish their results... Also, there is another £8-10m due if EML hit their targets so on the face of it, it looks like a good deal all round. We just need some communication from the BoD on the plan going forward.
The RNS says results were in the lower end of expectations, not that they were missed. As this YE is a 18 month period rather than 12 due to the accounting date change and the first 12 months have already been published and were good i don't think an 'average' 6 months will be too problematic.
Similarly if you say you expect to publish results in a 2 week window, not to hit that date range is a little disappointing.
The didn't sell the Mgmt Div because it was performing poorly, quite the reverse. They have expanded aggressively over the last few years and faced cashflow issues. The £5m funding was fully used and required repayment (or refinancing) in Feb 2024. The expensive £2.5m loan required repaying in May-July 2024.
There were approaches for this business and no doubt the BOD felt this was the best solution to resolve the cash issues, improve the balance sheet and ultimately add value.
As we now have £25m in the bank that c6.5p a share so this should reduce any SP downside.
Yes, £8m of this has been used to repay debt but this was costing over £1m a year in interest, so that £1m saving can now go straight onto the profit line.