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The only possible positive of today, assuming the company has a future, is the opportunity to average down. Nothing in the RNS suggested liquidation or fund raise but things may change in due course. For what it's worth my av now 67p after buying today.
Average is 48p but that is mainly due to buying £8k worth today. Holding before was relatively small. Will see whether this is a market overreaction in the coming months.
My average is 110p
Five Candles
thanks for your assessment on MAST.
I think not many know or read Mast Recent Rns of £33m JV
worth researching...... Before its too late!
Well the investor webinar was reassuring. What I like most about this company also is the inside ownership is high above 60% I believe, which should hopefully mean that the board is heavily aligned with shareholder interests.
All my own opinion, do your own research.
In background, look at all of these massive sells regularly appearing.
Interesting RNS here today, seems an over-reaction on what were expected results ,however this could go either way from here ,might be one to monitor for a while. Some of the management at ETP though do seem to have a decent record in the sector so dont rule out a recovery at some point.
Earl of Aim, Mast Energy is prepping for a big move IMO ,with the JV likely to be concluded next week i think you will see a tasty uptick into this weeks close. Good chance of trebling in value on that announcement.
My Opinion, but interested in thoughts:
It's Net cash 500k, as in Cash at bank - liabilities.
Granted it's not much of a buffer in this climate, but it does mean the cash at the bank covers all liabilities and it does look like they are actively paying down debt.
What's concerning is the decreasing margin and increasing administrative costs which effectively destroyed all profit.
Coupled (and probably caused by) the increasing headwinds.
You've got to say the long-term demand for this companies products and services will be high, just whether it can survive the storm and can capitalise whilst ahead. I'm excited by expansions to warmer, developing climates (India) on the water front, which have challenges above simply trying to be "green", they really do need to manage water effectively.
Currently the board are indicating they can survive this downturn and continue to expect to be in a net cash position at end of year which is promising. It's impossible to say how long the downturn will last though, although UK elections in 2025 will no doubt see "green" proposals slammed everywhere with funding for votes.
I'm overall bullish on this share, it's hard to say relative to a generally downbeat stock market, particularly riskier AIM's, if it's "oversold", there may be better investments. I find the boards reports refreshingly honest and direct compared to some I read and I'll put a little more in at this lower price - (primarily to offset my "guilt profits" from oil+gas).
Neil
any thoughts on MAST Energy
mid October completion expected of £33m JV
appreciat your opinion
Far too many folk just think 'dyor' means you're wedded to a share, regardless. or maybe they're too scared to realise a paper loss and move on, in case of the double whammy of missing out on an eventual rise. but good prospects change, both good and bad and, outside of major FTSE 100 companies (and even they have wobbles) thinking AIM stocks aare long term viables is just mad when there are 10% movements almost daily.
but, again, your money, you follow your own strategy.
gla.
Kingsinbad
You said you were already down 50% when this was at 145p.
What price did you get out at??
If 50% down at that point it's very lucky you didn't hold until today or you would be around 85% down!
AIM is getting more and more risky
You saying it won't make it so. but then that's investing...
odd are in favour of a rise... just how long it takes, is all. most knife catchers get bored after 36 hours and then give up to chase the next falling knife.
as long as you know the game...
I sold out afew months ago, it seems more project delays are ongoing into even 2025, so more bad news in the pipeline..
500k cash.
Next update will be a sales process for peanuts I'm afraid.
Another AIM failure
Cash is only £500k, plus liabilities to add on top of that.
best to have a look at Another company with 500% potential
can't post here.... see my post
I bought 50k at 40p
She will be back at 50p within a week
That is true, I'm surprised my buy at 09:24:07 was filled under 40p I have to say.
No doubt most of the knife catchers from open will be in the red, here. hard to call the bottom... been a few temporary suppoers already fallen through. sub 40 now...
one would like to think 38 is the bottom now.
gla.
Https://www.marketscreener.com/quote/stock/ENERAQUA-TECHNOLOGIES-PLC-129658809/company/
Did a rough calculation of the holdings here which totalled 77% held by major shareholders which would indicate to me there is not much free float of this stock. Will be interesting to see if this creates volatility if there is not many shares available on the free market.
Rough calculations so please do your own research.
A tad optimistic about when the bounce comes, unless it goes all reddit and irrational. there's a reason for the drop so don't be surprised if this is a hold for at least a couple weeks, if not months, if nto into 2024 to see an appreciable rise.
Bet it we be 55/60 p by this afternoon seems a regular occurrence on a results day be it a good or bad results
When is the bounce ?
40p broken, seems to be in free fall, interesting as so many buys pouring in! Market thoroughly unimpressed with the outlook it seems
Probably a fair price now. Significant cost base will hold back share price for some time.
Just looked at the Travis Perkins RNS today-they are saying the product market is deflationary which contradicts?