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I agree !!
They are still in a period of organic growth by grabbing market share from competitors.
I would expect a fairly positive results report in a challenging climate.
It looks like a steady incline up to year end results as investors load up for good news
2 very big buys today!
OK. I had caught it, just didn't get the distinction between gross and net at the time. Now I do.(I was being daft. If it was net debt I'd have known what he meant)
Cash down £2m since interim but I don't see any recent trend so guess £2m was a capital spend rather than WC.
Post update £1m deferred would have been paid, so that's your £5m gross, currently.
The market will be looking for an update on Cash with the finals report expected in May. I'll look back then.
Madtom, thanks for your reply.
I logged on to call late so guess I missed it. I'll check it back.
I’m pretty sure in the recent live shareholder update by Tony Brewer, he said the cash position was around £5-6 million. He also said that the short term focus was on a return on the investments so far rather than any near term acquisitions. That was my interpretation anyway.
Does the trade article refer to their cash position? The recent trading updates don't.
The share price doesn't help the deferred consideration due in a year, over £4m at current price. Might need to change focus on build out to cash flow.
up 4%on other sites,good report in trade magazine.
A lot more buying over the last few trading days hence the increase in share value.
Nice to see the turnaround in interest in this share.
Onwards & upwards.
Nice to see some steady buying over the last three days or so.
People that ‘know’, know that this is undervalued.
A good buying opportunity for a while here.
Pretty sure some of the sells today were buys
It’s starting to feel like this long slow decline has ‘bottomed out’ and will gradually bounce back up.
Some steady and decent buys over the last couple of weeks.anybody buying now is sure to make good money. IMHO
Down almost 10% today! No news, results soon, no large transactions etc etc. Hope for good news soon, as this is significantly under-valued IMHO
Havnt a clue what's going on here .
1 large sell big drop in price .
2 larger buys nothing .
Something up here
Agreed, so frustrating as the company is steaming ahead yet it’s not shown here.
Could be worse though have you seen the 12 months chart for Headlam :-0!!
I noticed that huge buy last week .definitely a buy as was 1p more than sells .
Sell 10k of shares on here it drops 2%.
Buy 750k and it doesn't move .
Very strange
Mega £750k trade at lunchtime today.
Unknown whether it’s a buy or sell but strange that it hasn’t shifted the share price up or down!!
Is this selling ever going to stop.
Really don't know why people are selling so much .
Rns have been great . Sales up 107% in 6 months
And looking good! Particularly liked the following section.
Sales increase of 28% from £47.3 million to £60.5 million which combined with Gross Margin improving from 26.1% to 30.0%, due to improved product and customer mix, has generated an Underlying Profit Before Tax of £1.6 million (2020 - Loss £1.5 million).
During the last eighteen months Likewise has made significant progress including developing a Profitable Business, successfully floating on AIM during August 2021 and the important strategic acquisition of Valley Wholesale Carpets (2004) Limited (Valley) in January 2022. Likewise also acquired Delta Carpet (Holdings) Limited ("Delta") in April 2022.
In addition to the increasing profitability, Likewise's Balance Sheet continues to strengthen with a significant Freehold Property Portfolio of c. £20 million and Net Cash of £3.0 million (Gross Cash £8.4 million) as at 31 December 2021. Net Assets as at 31 December 2021 were £22.4 million, increasing to £38.7 million at 30 April 2022 post the acquisition of Valley and Delta.
Cash rich - asset rich - prospects good!
Share Price SO Cheap!!
I wouldn’t be surprised if some of the sells are from Staff Shareshaver schemes. The initial startup staff members will likely be coming to the end of their 3/4 year hold period now and taking profits from 11p when it was on TIsE
Nope .They are still selling
Hope to see this rise over next few months now that seller seems like they have disappeared.
Been selling 10.000
30000
50000 shares daily over last couple of months
Great RNS but not unexpected.
Well predicted gains by both acquisitions and general market share look set to continue for the foreseeable future. This share can only go in the one positive direction. Just be patient and we’ll all make money. here.
I agree Mr t .
Was expecting a rise in price today after a very good rns .
Had a little top up yesterday and as you said it showed as a sell
Great results today. The market must wake up to the opportunity here!
https://www.thestocklists.com/likewise-expands-into-profitability