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Gordon, yeah decent buy for £20k just showing up from this morning at 1.72p.
Someone is building here lots of sizeable black trades flowing in
My view is that the SP was suppressed significantly by the last fundraise (understandably), however, the initial drop was pretty aggressive and unnerved potential new investors who on SP movement alone had no reason to get involved with LST (hence the low MCAP vs order value and a period of months with little to no movement).
There is still some uncertainty around how much of the tendered business will convert and drive the SP northward by multiple pence and this remains a complete unknown until an RNS lands. I suppose you could in theory buy on the basis that X% of the tendered business will land in the meantime?
What we are seeing right now is a load of short term investors chucking in the beer money on the rise and then claiming to be warren buffet (including the ones try to cross post about other "opportunities").
For now: the business is relatively well funded, there is news to come regarding orders and the SP sits below market value if looking at the order book vs MCAP.
How is a market cap of £5.5 million pricing in new contract wins of £18million? Debt will be cleared and profit will double or treble looking at the accounts. And that doesn't take into account the £45million pipeline.
"It would be insider trading if they announced something specific that hadn't been given to the market."
I think I just said that which brings me back to my original question. Whats new that hasn't already been RNS'd and where is the new RNS you speak of. The June news is old news and was already priced into it. The important part of the June RNS is thus and should be taken as a whole not just plucking a single sentence out of it. That's what differentiates a simple investor with that of a foolish investor.
"As previously flagged, there is still material uncertainty over the level and timing of revenue in the CEA division. Therefore, the Group's broader strategy remains on creating partnerships globally within this division, enabling it to develop a portfolio of clients to include markets that have been less impacted by the energy crisis. The CEM division continues to benefit from its relationship with long standing blue-chip customers, providing good levels of visibility. With a view to building on opportunities within both divisions, management is also evaluating acquisition opportunities that are cash flow generative.
The Board currently anticipates meeting full year expectations as the Group benefits from further cost savings during H2 FY2023 at the same time as continuing to develop and convert opportunities. As of today's date, the sales pipeline of quoted work is over £45m, of which there are forward orders and contracts worth £18.8m*.
* Subject, inter alia, to certain milestones and conditions as more fully described in the Company's announcement on 15 October 2021 and mentioned in the Company's AIM Admission Document, as updated in the Company's announcement on 16 September 2022."
Just sold my LST and invested into ITS which seems to be on the move
DYOR
If they told you something specific.
It would be insider trading if they announced something specific that hadn't been given to the market. Finished this conversation.
"They aren't going to break the law and tell you the exact date for contracts to be issued. £18.8 million worth of contracts are expected. "
They wouldn't be breaking any law if they shared information that has already been announced in an RNS if they're expected. The only time they would be breaking the law is if the contracts fell through and they spoke to others before announcing it to the market in an RNS. This would be seen as market abuse and insider trading. I've been invested in LSTT on and off since it first became a PLC but hey you know better so I'll leave you to it. When it falls back again you can tell me why and come out with the usual excuses after the pump has dumped.
Seems like someone is miffed at selling
People wait until nearer the time before they buy. Sigh. Why are you still posting? You've sold and you aren't saying anything interesting or useful.
On the 29th June when that RNS was issued the price was 1p it spiked to a staggering 1.02 then fell back again. It didn't do anything else until it spiked last week then fell back again. It is doing the same today as it did then. The company hasn't issued any new news and according to the company nothings changed. Don't be surprised if the company issues a 'braking RNS if the price continues to rise. I'm a simple investor who does my due diligence as any simple investor shoukd.
Hilarious you are Simple. They aren't going to break the law and tell you the exact date for contracts to be issued. £18.8 million worth of contracts are expected. I don't know the exact date either. I am an investor. I invest when news is expected.
PF time to get back in
I read that on the 29th June when it was issued but you haven't stated what is new or what's coming. I'm in regular contact with the company due to being both an investor and a client and they haven't suggested anything new either so obviously you know something they don't.
Https://itm-power.com/news/dr-graham-cooley-stepping-down-as-itm-power-ceo-after-almost-14-years
He has taken a 3% stake in LST. Not new news but useful for those entering
Trading update 29th June.
Trickymatters - What RNS would that be?
Roger that tricky
Asimpleinvestor. Your name says it all mate. Read the RNS. It's coming. We didn't start the buying. It was already happening.
Enjoy your pump and dump guys a 60%+ profit is enough for me I'm out. Will come back in a few days when the dust has settled and it back at normal levels. You can suspect new contracts if you desire but there ain't any, just as there wasn't last week.
Only thing this is breathing will be smoke once it takes off this afternoon.
1.84p on Google Finance. Not taking a breather.
Looks like next leg up coming after taking a breather - MM's loading up with stock perhaps?
£7k buy at 1.84 not showing