Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-bulletin-board-heroes-october-10-2b61b01
mannan: what?
on the run rerate
Financial highlights for the expected continuing operations
· Revenue* of £7.6 million (H1 2020: £6.8 million)
· Gross profit* of £3.6 million (H1 2020: £2.5 million)
representing an improved margin of 47% (H1 2020 37%)
· Adjusted EBITDA** profit of £2.1 million (H1 2020: 0.5 million)
the Company announced a major contract win with an existing
partner in January 2021 that would deliver revenues of £22.5m in the
subsequent 3 years with a possible extension to 5 years.
I'm delighted to say that this relationship has deepened and extended quickly,
indeed the unfiltered pipeline for this division now runs into north of £60m
albeit this has two major contracts within it.
Summary and Outlook
On the 28(th)September 2018 this Company reported a damning review of the
Company by its Executive Director and representative of the largest
shareholder, MXC. MXC, along with other shareholders committed to resolving
what was a terrible situation for all shareholders and backed that with new
money inviting all shareholders to participate.
It has taken three long years to turn this company around, but I am truly
delighted to say that at last, with the expected sale of Connect, we have a
meaningfully profitable company with excellent prospects.
This thankfully is now in the past and with the Company entirely focused on
its partner revenues through Manage we have an exciting future ahead of us. At
both a trading, post central and PLC costs we have a profitable business. Our
focus is now entirely on growth, continued organic growth and the possibility
of acquisitions. Our experience of right sizing this company and moving old
style working practices into new, more efficient ways of delivering service
mean that we can operate profitably and decrease the cost to serve for our
partners. It's a hackneyed phrase but a true Win - Win.
The Company is now seriously looking at options to remove the debt overhang
and is liaising with the debtholders to ascertain the best way to resolve this
and finally allow the company to prosper for all shareholders.
This is all just from the RNS that was previously released.
It is fair to say I’m jaded with it, and, having got to where we are and acceptedthat, it is an extremely positive RNS.
dont be 15% up
re rate
I still would not be surprised to see this go private, save money on costs associated with listing. No benefit in that now, and would make no difference to the major investors. And the possibility of a share consolidation in due course.
Yeah me neither. They estimated the costs of running on AIM at about 0.3M when they delisted MXC. Some of that was directors fees, but it proves there's money to be saved.