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Can actually sell now on HL, but as Monty888 mentioned the spread (pretty much as HL offered) destroys any chance of profit. GLA, Dan
What do you expect when the average share volume is 400K? That's the downside with stock that has low trading volumes, if there's not enough volume and shares circulating, then your stuck when it's time to sell.
I had the same problem on REDX...couldn't sell
Wish I had read your post earlier Monty888. It is worse than what you mention i.e. you can buy easily at 7.67 now but unable to sell the damn things (even 100 shares - on HL). Doh. GLA, Dan
Very nice and great morning here expect this, RDEX and POW to really move
Univestable - 16% spread so one needs a rise of 32% to make zero as investor. So today’s increase in percentage is net zero. Greedy MM’s, one broker, too illiquid to trade - Shouldn’t be listed - Avoid
Primed and ready to move today
I would be interested to know which shareholder (if known) has been selling into the weakness.
On 25th Sept at 11am the management of GRC will be giving a presentation via Investor Meet Company, looks a very interesting story currently on an extremely low valuation, well worth attending as Alan makes a very good chase of why GRC has a very exciting future within a growth story. Has all the potential for the GRC share price to be the next Plexus in terms of very strong share price increases?
Link below
21 September 2023
GRC International Group PLC
Notice of Investor Presentation via Investor Meet Company - 25th September 2023
GRC International Group plc (AIM: GRC), the international governance, risk management and compliance company whose main business is cyber defence-in-depth, announces that it will be hosting a live presentation via the Investor Meet Company platform, following publication of the Final Results for the year ended 31 March 2023.
Alan Calder (CEO) and Chris Hartshorne (CFO) will be making the presentation on 25th September 2023 at 11:00 am BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted prior to the event via the Investor Meet Company until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free via:
https://www.investormeetcompany.com/grc-international-group-plc/register-investor
Investors who already follow GRC on the Investor Meet Company platform will automatically be invited.
(Sharecast News) - Risk management and compliance-focussed cybersecurity specialist GRC International said in a trading update on Wednesday that it expected revenue to be between £14.5m and £15m for the financial year, up from the £13.9m it reported for 2022.
The AIM-traded firm also disclosed that contracted and recurring revenues would account for more than 60% of its total revenues for the 12 months ended 31 March.
It said its annualised recurring revenue (ARR) increased by 7% in just one month, to £6.7m at the end of March.
Fourth quarter billings were also up, by 23% compared to the third quarter to reach £4.3m, with several significant multi-year contracts signed, amounting to £5m.
The gross margin was also expected to rise, to 61% from 59% in the 2022 financial year.
However, GRC's EBITDA was expected to be between £0.3m and £0.6m, which would be lower than the £0.9m it earned in the 2022 period due to economic headwinds and macroeconomic uncertainties in the third quarter.
Cash at year-end totalled £0.1m, down from the £2.0m it had at the end of 2022, while the facility headroom was around £0.5m, the same as it was a year earlier.
"Our solid performance in the first half continued into the fourth quarter, resulting in revenue growth and continued margin improvements," said chief executive officer Alan Calder.
"However, the economic and geopolitical headwinds materially impacted our third quarter performance.
"Our technology capabilities and our track record, with deep expertise and cyber defence-in-depth model, provide our clients with peace of mind."
Calder said its clients knew their assets were safe and, equally importantly, complied with numerous cyber regulations.
"As we have previously stated, our strategy is to grow organically and by acquisition.
"In the current financial market conditions, our primary focus is on organic growth and, in particular, in positioning our Cyber Comply platform at the heart of our service offering.
"With our recurring revenue activities continuing to perform strongly and the good momentum in the fourth quarter continued into the start of the new financial year, we are looking forward with increasing confidence."
Alan Calder said trading to the end of April was in line with the board's expectations.
Expect we should get a rally this afternoon and press/results are now getting out and buys are coming in.
UP 5 PERCENT NOW
This should bounce back above 10.00+ very soon
So very cheap and great time to buy this now
Up 2 percent....now
Today 07:00
RNS Number : 3344L
GRC International Group PLC
05 September 2023
05 September 2023
GRC International Group Plc
("GRC" or the "Group")
Final results for the year ended 31 March 2023
FY23 revenue growth and positive EBITDA
Trading remains robust and in-line with expectations for FY24
GRC International Group PLC (AIM: GRC), an integrated cyber security and privacy solutions business, announces its audited year end results for 12 months to 31 March 2023 (FY23).
Financial highlights
· Revenue up 6% to £14.7m (FY22: £13.9m).
· International revenue up 3% to £3.1m (FY22: £3.0m).
· SaaS revenue up 11% - the Group's highest gross margin generating division.
· ARR (Annualised Recurring Revenue) at period end up 31% to £10.9m (FY22: 8.3m).
· Recurring and contracted revenue up 30% to £10.7m (FY22: £8.2m).
· 73% (FY22: 59%) of revenue generated from recurring and contracted revenue contracts.
· Gross margin of 61% (FY22: 59%) - continued improvement reflects operational gearing from subscription services and internal efficiencies from automation projects.
· Adjusted EBITDA1 of £0.3m (FY22: £1.0m).
· Loss before tax of £1.6m (FY22: £1.0m.) Investment in capital expenditure to fuel future growth of £1.6m (FY22: £1.3m).
· Cash balances at period end of £0.1m (FY22: £2.1m). Borrowings (excluding lease obligations) of £1.3m (FY22 £1.1m).
Operational highlights
· Increased the value of SaaS subscriptions customers - at period end we had over 3,000 SaaS customers with an average value of £1.2k, a 5% year-on-year increase.
· Increased the number of delegates attending training courses across the year, with Q4 showing a 17% increase in delegate numbers on Q4 FY22.
· In our training business, significantly expanded the course portfolio, deployed digital badging for successful delegates, and added additional accreditations.
· Started delivering completely revamped ISO/IEC 27001 product portfolio to support client transitions from ISO/IEC 27001:2013 to ISO/IEC 27001:2022.
· Increased investment in overhead led to an increase in Group NPS (net promoter score) to 48 (FY22: 37). Scores over 50 indicate customer service rating of 'Excellent'.
· Acquired initial customers for accredited SWIFT consultancy and CREST-accredited Cyber Incident Response services.
1 EBITDA is defined within the Financial Review of this announcement.
Alan Calder, Chief Executive Officer, said:
"Following the 2019 collapse in the GDPR market, we set ourselves four medium term objectives: to re-build revenue growth around an offering that combined cyber security and privacy, to recover our gross margins to in excess of 60%, to make contracted and recurring revenue more than 70% of our total revenue and, through automation and process improvement, control overheads so that we would consistently generate positive EBITDA.
Results are okay'ish, but the overall profitability of the company is a worry.
The real issue is cash, why have they spent so much in the last 12m without a clear cash buffer in a low liquidity market.
I am only in here for a small amount........ but they are going to need cash from somewhere very soon.
GLA
Expect we shall get some press coverage today....great results and increase in revenue
Great results
Annual and recurring revenues up 30%
Final results for the year ended 31 March 2023 FY23 revenue growth and positive EBITDATrading remains robust and in-line with expectations for FY24
Expect we should see a major uplift in cybersecurity so good time to Buy in now in both
This is q hot topic
I've been adding more GRC last week and FCS today
Https://uk.finance.yahoo.com/news/german-banking-regulator-bafin-website-075214768.html
Up 3 percent now