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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.
Shorters and trolls should surely find the following comment so intriguing from the last RNS
‘MED appreciates the ongoing support that RiverFort provides to the Company and Pyebridge’
Yes wouldn’t any £1 mill mcap company (£700 k at the time) without any cash flow that miraculously manages to borrow up to £4 million (against supposedly worthless asset value) with very favourable repayment terms
Yes the agreement is iron clad with Riverfort set to earn 12% per annum so long as MAST deliver what they have promised Riverfort, but perhaps like the trolls Riverfort should have also done due diligence too 😉
On a side note, I do find this specific quite unnecessary statement intriguing in another way - one for you’s to 🤔 about
Or does “totalling” refer to the combination of cm contracts.
@tombi the wording says "totaling" its the total for 4 years.. not for each year.. the RNS on 11th April shows the breakdown clearly
So ou are saying this statement by mast is a lie
In addition to the current CM Contract, as previously announced MED's Pyebridge site has secured further Capacity Market contracts to ensure minimum annual gross profit margin income totaling c. £817,000 until 2028.
Iam afraid you're wrong the wording is vague and angled to make it look way..
The auction mast have bid in are here to read
https://www.emrdeliverybody.com/CM/Capacity%20Auction%20Information.aspx
Take a look, I have and posted their winning bids year by year.
It also shows they don't get paid for 9mw.
These figures are available for all to see, but mast make statements with head lining sound bites.
The one that they dumped the £8 contact for a 800% uplift, but kept quiet about the auction that got them £30.
Take a look.
“Market doesn’t like it”
Even though SP is up 50% last 5 days.
Market is clearly in tune with the positive business updates.
The definition of annual is monthly or yearly in this case yearly , so £817k MINIMUM yearly until 2028 , read the rns it’s very clear and not vague , twisting it to your own Again
Tiny mcap should be a good week coming
GLALTH and new
Gordon your absolutely 💯 % correct huge rerate on its way this will be the week
The figures are total these are the yearly auction results
23 / 24 T1 5.14 pye £60 = £308k
24 /25 T1 5.095 pye £35 = £178k
25 / 26 T4 4.774 bordsley £30.59 = £143k
26 / 27 T4 5.14 pye £63 = £323k
27 / 28 T4 5.095 pye £65 = £330k
Do some research.
What ever way you want to interpret it, the current valuation is far too low, this was trading at 50% plus on no news and no revebue.
The Latest RNS is not very clear on this .. but the keyword is "totaling c. £817,000 until 2028" in the text.. if you check the RNS from 11th April it is clear that the £817K is the total up to 2028..
· 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.
However, this is in addition to the £308K CM Contract + StatKraft agreement pending of potentially £405K PA Minimum
So this very roughly adds up to a potential of £1M + Gross Profit Margin per annum. but its very dependent on the uptime and generation of the site. Also we dont know the Annual Net Profit Margin which is where the potential issues might be as Kread correctly points out.
Mast is still a gamble no doubt.. given a very rough calculation I would say this trades at a potential EPS of £0.0007 giving a P/E of 6.5 if you take into account a Net profit margin of 20% (so for this sector P/E of 10 is about average) so we would be trading around 1p if I am correct.
But stocks like this are not about P/E and Net profit margins etc.. they are about getting into a potential turn around company - it all goes out the window if they can get the sites up and running and keep giving the market good news. at 300MW MED could be many multiples of its current position..
Plenty of work to do for MED in the coming year.. keep it coming please MED..
Also I’m sure most are clever enough to understand the difference between gross and net. Gross has been used for the obvious reason being net is far more complex to predict on a forward basis.
No it reads per annum for 4 years. Nice try kread!
If it was over four years I don’t think they would mention “annual”
I thoroughly agree, Kread has proved himself time and time again to be an anus..
Good luck all invested at mast.
Yup, per annum 817k gross profit plus the other contract. It’s written very clearly and I can see how it can be interpreted differently tbh.
No it doesn't it has a GROSS profit 812,000 over the next 4 yrs.
And the word gross needs to be remembered as net is at best 20%.
So keeping the light on will be difficult.
Really don't think it is pa reads to me as total upto 28
Market also sees that. So next few weeks of down we go.
That’s how I read it originally…. So does mast have a combined annual gross profit from its pyebridge cm contracts of £817,000 guaranteed until 2028??