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Will they have to do a rights issue considering their small balance sheet not sure they could get a significant bank loan
Headlam highlighted the strength of their balance sheet.
In 2022 Likewise had a cash operation loss of £1.3m. Last year's acquisition was financed by a placing at 35p and a deferral arrangement on 5m shares, guaranteeing a 100p / share value in Jan 2024. At todays SP that's >£4m cash to pay out in 6 months.
Likewise's published revenue growth looks good but it's the cash flows that matter. The interims will provide a clearer view of the balance sheet but till then I see this as a high risk investment.
Absolutely I work in this industry and see 1st hand the in roads Likewise are making.
Tony Brewer and Andrew Simpson know this industry inside out....
These shares are very very cheap...
Nice to see Directors buying more, notice Headlams RNS and profit warning today.
Losing market share to Likewise
Plenty of trades today..
Relatively speaking of course...
Texanpete, you are spot on. The management team here are the same people who made Hedlam the success story it is.
Surely the price must head north soon!
Makes no sense. Clearly taking share from the current market leader who seem incapable of reacting. Showing great growth in a difficult market, with a first class management team. An odd situation that surely won’t stay this way for long.
Why is the price so low for this fast growing company?
Even more positive news to come out of todays AGM.
Again well up on same period last year and more progression with infrastructure etc.
It would be nice to start to see this share price reflect the trading performance.
After a week of big sells - reassuring to see a 500,000 -£102k buy go through today. Had a top up of 30,000 myself yesterday at this crazy bargain price.
More positivity from todays trading update with sales 17.70% up on same period last year and LW branded business’s up 24.40%. Competitors complaining of challenging market conditions not being helped by LW grabbing more market share. This will only increase with planned increase in territory coverage into the South and also increased capacity nationally.
Texanpete
Sorry, yes 10 pages later I found it! All I can say is that we use Likewise in Newbury and know the staff/directors from Headlam days. Most of who now work for Likewise. Brilliant team working their socks off here in Newbury. Can only say their customer service is second to none. Sales hitting above targets so I’m reliably informed.
If you read through the results announced today all the detail Sah36 refers to is there. However unlike him I cannot see this company doing anything other than growing strongly over the next few years. Senior and middle management should see to that.
Sah36: where did you see this information?
More adjustments to get to an 'Adjusted Earnings' figure than i am comfortable with.. The other item that has put me off for now, is the 200% increase in boardroom pay. There will be operational leverage in sales growth, but the risk/reward is skewed in the current macro-environment. Better opportunities elsewhere.
Very good set of results as expected. Ticks in all boxes, and this company are only going in one direction with a solid start to this year also. Solid strategic plan in place to boost infrastructure & geographical coverage.
We’ll hopefully see more positive reporting of Likewise over the next couple of days.
Nice to see a MUCH higher volume of trades today.
Probably many new investors which is likely off of the back of the ‘Midas’ Mail on Sunday, focus on Likewise yesterday. That has created a greater exposure of this company and hopefully even more interest tomorrow with the E.O.Y results.
Https://www.thisismoney.co.uk/money/investing/article-12079877/MIDAS-SHARE-TIPS-Carpet-king-Likewise-doubled-sales-year.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.47754977.774232430.1684013068-829466088.1679172563&_gl=1*19alwbt*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTY4NDAxMzA2Ny4xMS4xLjE2ODQwMTMwODMuMC4wLjA.
Monday and Tuesday should be interesting with MIdas recommndation in this weekend's Mail on Sunday and the Results on Tuesday.
Full year results will be next Tuesday 17th May.
Should read very well , so expecting more interest to boost SP.
Fingers crossed anyway 🤞
I'm looking forward to seeing the full year end results, following the Q1 update showing 25% growth surely this is going to hit investors radar soon. Too many look for 10 baggers, this is a solid investment with a market leader and quality leadership, should only go one way hopefully!
Apologies the 733 was the cost of The transaction, good call on the date , still can’t understand why he bought that many ? Does more harm than good
I read 2,658 shares - still a pittance I agree.
The purchase was dated July ‘22 so probably picked up by the accountants to tidy things up before EOY results & shares in issue are disclosed.
Roy povey bought 733 shares , is this a **** take ?
Nice to see a relatively quick climb up in to the mid twenties.
Doesn’t seem to need a lot of trades to move this share so hopeful of climbing in to the thirties some time soon. Possible end of year update around the corner which I expect will be quite positive with an increase of turnover and profitability.