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What intrinsic values are folks selling at, pls explain........
And what in the last 2 Rns's is great.
Pls tell me, as mc cp soon to be a few hundred grand says different......
Now that what we like to see
max trolling :) getting us cheap shares on bid last 5 days.
mkt doing great fools selling well below intrinsic value.
profitability is what matters, and they doing bloody good job for the asset base they have in hand. Only part of the assets in flow.
some decent sells off loss sellers, right into the stronger hands.
not in much more yet, but looking interesting given the last few great RNS and developments :)
more to come as stated in last RNS.
long and strong
Agree that their news, statements and comments are very ambiguous and slanted to make them bigger than what they are.
They still promote themselves under the 30mw banner but that is their aim and still staye about growing to 300mw in a couple of yrs. They need to stop doing this as it is laughable.
No mention of fire at all so probably bordering market manipulation.
As gar as the assets go, mostly leasehold land I think 1 is freehold and few bits of machinery that would raise less than a mil at auction.
That's Mast for you.
Low 3s sooner than I stated.
If anyone wonders what sp**** means, then think of a word for light and sporadic. It's fortunate that sporadic doesn't end with ck otherwise I might have go a spora****.
it's hard to get a handle on mast at times as communication is generally sp**** and often obscure.
in a recent interview (around 6 weeks ago) pieter krugel stated mast had net assets of around £8m, presumably not taking into account the riverfort loan of £4m (a liability) which would reduce them to £4m. the loan came after year end so would not appear on the balance sheet which as stated shows negative equity.
in the rns of 27/02/2023 mast included the following:
"during the site's recent annual insurance cover policy review, the site's asset value was independently confirmed at c. gbp6.3m (on a conservative replacement cost basis). the site's fair asset value compared to its purchase price therefore highlights the significant upside that med's investment in pyebridge has established."
presumably this in part accounts for pieter krugel's interview comment, but is not supported by the annual accounts. investors could be forgiven for believing that mast is difficult to understand.
another piece of communication that i had difficulty with appeared in the recent accounts.
"these challenges included the necessity for remediation work at pyebridge following a fire incident which resulted in a temporary suspension of operations in the period 22 november 2022 to 17 february 2023."
i can't seem to find where this was communicated at the time, and would be grateful if any poster could point it out for me. i also can't understand how they can describe a 3 month suspension as temporary.
communication seems to be obscure and contradictory, and needs a huge improvement.
The company has negative equity.
Total equity: -UK£385k
This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed.
Currently, the following risks have been identified for the company:
Major Risks
Less than 1 year of cash runway based on free cash flow trend (-UK£727k free cash flow).
Share price has been highly volatile over the past 3 months (31% average weekly change).
Negative equity (-UK£385k).
Earnings have declined by 39% per year over the past 5 years.
Revenue is less than US$1m (UK£341k revenue, or US$426k).
Market cap is less than US$10m (UK£923.5k market cap, or US$1.15m).
Minor Risk
Shareholders have been diluted in the past year (21% increase in shares outstanding).
Eg love your intellectual input and especially your constructive thoughts.
Why not put some figures up to show me iam clueless.
Bet it will be 8mil asset value.......ha ha
No we don't Kread - and absolutely no reason to listen to an utterly clueless clown thats got nothing better to do than spam this board daily despite the fact he claims hes not invested
Go get a life and a better paying job so you can average down !
I can't see this going below 0.30p bid as buyers seem to come in when the actual offer is around 0.35p. At 0.30-0.40p one can usually pick up stock at just over mid price. At this level it does look cheap on the expectation of Pyebridge getting to full revenue generation in 18-24 weeks. On the other hand milestones will very much need to be seen to be delivered for the price to go significantly higher.
Blimey no berating for me and all gone quiet since the results.
Anybody agree low 3s soon.
The 11250000 they state is including 23 / 24 so in reality it's 812k
200k pa say and there wages and admin are 300k + pa
Not looking good.
Results as dismal as expected, they have a lot of work to do before a bank will touch Mast.
Hmmm very interesting no expansion or even mention of this from the 11/04/24 update
‘MED is currently in discussions with various potential debt and equity funders, including banking institutions that are interested to provide the necessary capex funding’
Sounds like somethings cooking - blockbuster update to follow shortly very possible
Looks like we will move back to .4-.45 in short time
Huge gap up on opening bell
MED's Pyebridge site has secured Capacity Market contracts to ensure minimum gross profit margin income totalling c. £1,125,000 until 2028, in addition to its revenue generation via its PPA with Statkraft.
nothing smart ****, read the rns's and pull them apart instead of going for the headline stuff.
not just doesn't add up.
Your grammar is worse than your smart ar… behaviour
Mag....can't buy anything under .55.......well you can now.
Low 3,s soon.
Know news for a month or 2 so sp will slip back. 500k m/c.
Really....
A copy and paste from LSE market cap £989.45k
Ffs kread, that’s how most loans work isn’t it. Just like your home. Grow up mate if you think this is a one mil company you’ve a lot to learn.
Oh dear nothing for 25 / 26.
Not good, what do you think they will do.....
@Tv the numbers below are from the April11th RNS .. they detail the year + the amount.. the total is £817K
· T-1 2024/2025 CM contract - c. £183,000 gross profit margin income;
· T-4 2026/2027 CM contract - c. £312,000 gross profit margin income; and
· T-4 2027/2028 CM contract - c. £322,000 gross profit margin income.
Do ooh 😦 we never realised that Kread we just presumed Riverfort would just lend £4 million to any man and dog on the street, including frustrated ex employees and holders that can’t afford to average down 😉
Riverfort have security over Mast look on government website, the lending will stop at more than 2 mil if masts progress is poor, then River will call in the loan and sell assets at auctionto repay the debt.