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A good update from ECK but did you noticed them say they expect net cash to end up around £1.1 mil so little FLX worth just £4 mil next to £100 mil of ECK has way more cash.
Daley, Interesting observation
Thanks for giving your time to that Davey, and what you say is true.
I didn't make my point clear, sorry. I wasn't comparing the companies to each other. I was comparing statements of expectations and future prospects, versus how things actually turned out.
I have previously said how the talk of expectations and optimistic outlook in the announcements from FLX, and in video interviews with the directors, used to get me excited enough to add more to my holding, and I don't mean just once or twice. I was a buyer over a period of years and used to post on here about how enthusiastic I was about FLX's prospects. My postings will still be there - but I was a fool for not taking heed of FK1 sooner than I did.
Like FLX, and all companies unless they are in serious financial difficulty, ECK expresses optimism for the future and mentions expectations - always cautious optimism and being quite reserved about expectations - but in my opinion, they deliver on their claims. That trading update has these phrases - "US ARR ended the period at $12.7m, nearly 60% higher than last year" and "well ahead of expectations".
From the time I spotted ECK, the sp went from about 5p (I missed the bottom by waiting until it was 15p before I bought in) to over 50p. It has recently dropped back, but I think it will recover strongly.
The FLX sp just went down and down, so I got out. However, as I have said to others on here who accused me of being here just to cause arguments - I am in the stock market to make money, and if I thought FLX sp was going to go up I would buy. In fact I did recently have a small flutter on FLX, I told of it on here, and sold at a loss - making the scoundrels look ridiculous with their talk of a Moonshot.
So that is why I am still here, to make money. I keep an eye on FLX and if I thought it had turned the corner, I would buy - but not until FK1 confirmed my view and said it was safe to buy.
I said that ECK's reports, in my opinion, are always cautious with the optimism and quite reserved about expectations, so when they say "significantly" as in "The Board expects revenue and profit for FY23 to be significantly higher than FY22" - I am hoping for very good news. I think they put out their finals in June, so I will soon see.
I await the final results from FLX with great interest, but so far, their words haven't persuaded me that now is the time to buy, but I never say never, and good luck to you for when the results do come out.
Was that you Noel 301k buy at 0.825p :-)) was not expecting that so quickly on a day like today it took me by surprise. If I did not hold so many (6 mil) I'd buy more myself