Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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.
They had £16.2m of current assets at 31 Dec 2016. Of which £4.3m was cash and £11.9m was short term receivables. Net assets (after deduction of short term liabilities) was £7.8m.
We will get a trading update next week and I hope it's a positive one....
Am i correct in saying we have like 9.5 million cash/ short term receivables as of Dec 16?
Pretty sure the Agm just passed that they can by back upto 10% of issued capital, which is all the free float, wording is over my head but sure that's how it reads
Out of closed period now and with this freefloat any further Director purchases really matter here...We could see those at anytime.GLA
It is a crackin rns...next week :)
Hopefully right decision, roll on July
Bought some more today,,, nice to see the SP drop. Mopped up a few and let's see what next week brings....
sells drying up, it should start rising now, profit this year then rerate to 10p+
I think people have read the results without knowing the background and the huge turnaround the company has completed. The cream will rise ;) Maybe just a little while to wait,
Cash burn (see cash flow statement) and continued losses. Albeit both massively improved from 2015 leaves cash in hand at £4m at 31 December 2016. People should consider we are seven months into 2017. Interims should confirm further traction in recovery and hopefully moving forward towards break even or modest profit and much reduced cash burn. It has turned. If you're selling at these prices it's because you think there will be no better price than the damp sqib of a reaction the 2016 results produced. I'd say do yourself a favour and at least wait for 2017 interims before you decide. And if you aren't already in, I don't think you'll get a much better price for a recovery play.
Can someone explain what the negative is within the results? I do not get this drop. Boom next week?
Delayed buy.
Yip...btw last two trades are buys ;)
anyone think this can rise ?
Vanilla, I'm with you, those were the results we needed to prove the turn around has begun! Cost saving in 17 should see us in profit by year end, and I personally think it will be a large jump
It's already turned. Those results were from December 2016. We're six months on. Considering the extent of that turnaround, can't call those bad results imo.
Dont think the results are bad and what was expected. 4.3 mil in cash, loss is reducing, with more reveune better gross profit and more cost saving procedures this will be a very profitable company. Looking forward to Sep update.
one of the worst sets of results ive seen in a long while yet dressed up to sound more positive than they actually are.EBITDA loss of £4.8m is half the MC loss!Alarm bells should be ringing here given they will need a raise before christmas or risk liquidation & delist.They are burning through huge amounts of cash. WFTT
Interims should show continued progress, will be interesting. Need to bear in mind that today's results showing a turnaround and big improvement were from 6 months ago! Year ended 31 December 2016. Great price for entry/top up now considering.
does anyone know if this amount stays same in 2017. Surely cant be ..? I know that they spend 100k per month for the algo trade thing. So that will still be there . Interested in the 2017 interims which will show international sales but obviously costs for these will also be there.
I can't believe I got out of Eme at loss and trade this @ 3.20. could have been 20% up on Eme. Now almost 25% down. :((feel for the guys who bought at spike. I'd been following this comp for a while. Thought the RNS was positive. ..I know it had been anticipated for a while. Not sure what to expect from here..GUTTED!! I'm praying the mm's have a big buy order to fill tommorw. Gla
Hello why big fall ?
Share, no - 9m is the current market cap.
Eezy the ebitda 'loss' includes on going heavy investment. Gross profit is a company's total revenue (equivalent to total sales) minus the cost of goods sold. This went from 10.5 to 19.5 2015/2016. if there is a similar pattern for 2016/17 we will have a positive ebitda which could easy be several million. SL