Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Excellent update. I hold in here and have been adding when opportunity allows. Great undervalued share imho.
Terrific stuff. A £3.8m m/cap is looking slightly ridiculous now given:
- minimum £864k PBT
- record £10m order book
- MBG has tripled its order book to £7m in just a year (from £2.3m)!
- confidence for 2019 - and beyond
Nice to see this firming up today. So undervalued.
Extremely under-valued company.
I e-mailed Peter Jay at 09:12 and he replied with quite an in depth response at 09:36 in fairness to him, and answered all of my questions.
Nothing market sensitive of course and to confirm that he is going to issue a trading statement and he is currently working on it, with the intention to issue it within the next month.
He's said he's spoken to other share holders about being unable to disclose margins as the clients would ensure the margins were reduced on subsequent contracts. In addition the information on individual contracts is often misleading without knowledge of the context e.g operating costs.
His belief is that the market wants to see an extended series of good results before it marks up a share price, and is confident that 2018 was a strong year.
Shareholders reaction to positive news is to sell and take small margins rather than hold on for the longer term, though he fully understands why an active share holder would do that, the impact on the SP sometimes makes this tactic self-defeating.
He's also said that time at board meetings is taken up with discussions about the share price and why it does not equate to their view of the value of the company.
Seems like a nice, friendly bloke willing to speak to the shareholders
Trading update coming.
Almost back to market Cap prior to £7m contract news last week. Contracts are worth almost twice the MC now. Insane!!
Not too sure about a TU as it varies in past years. Nice if there is as it should show some excellent progress. Looking to add but waiting for the traders and impatient to leave from Friday's RNS re 7 mil plus contracts. There was a lot spiked and a clearly some stale bulls offloaded into what was a massive volume day of almost 20 million. The BOD have almost 55% of the shares, so a good percentage of the available stock was traded. What was interesting from Fridays RNS was the majority of the contracts went to MBGho have seen a remarkable turnaround in the last 8 months as stated I the last interim results:
'MBG has had a very strong six months following on from a very good year last year and has generated profits before tax in the first half of the year of £456k (2017 - £44k). This was achieved due to turnover increasing to £3.8m from £1.3m over the corresponding period last year, together with a keen control of its operating expenditure.'
Therefore I suspect the margins are greater for MBG contracts. Last years results, TU and forward looking statement could make for an interesting year. From the same interims they had just short of 700k in retained earnings although the trade and other payables weigh heavy on the balance sheet I guess this is the nature of the business they are in.
Huge income for 1 year of work
with the work on all to be undertaken during 2019. Sp must be much higher for this big news...
Market cap against current contracts and future pipeline
Yet you have FLYB at £8.8M when they've agreed to sell for £2.XM?
I can't get my head around the valuations on the markets sometimes, I really can't
As mentioned by Mike on ADVFN
It doesn't really matter actually, the company it's clearly a good risk/reward at this level. Downside - hmm well what is the downside on a company that's likely to post over a million in profit, is worth 5million and is growing rapidly. Can't say I'm entirely sure, maybe the debt, which is being paid off, or the receivables - which look normal in a business like this at this stage.
What's the upside? Quite a lot actually if it keeps expanding like this.
The market prefers gambles like Flybe where despite a 1p offering as detailed in the RNS earlier this week someone bought £10k and £9k at 6.2p. Work that one out. This is why AIM can be a massive gamble - and evidently has no logic at times
Great news and company making.
Will want to watch operations over time to ensure margins are maintained.
Good track record ????
Please teach us more of your amazing trading skills
In @ 1.8 out at 1.75 thank f&@k This look ugly
Big afternoon on the cards...
£17k buy just popped up from 10.43 at 1.7p 0.1p above the Ask at that time. Probably also is surprised that the £7M contract wins has added a mere £0.6M to the MCap. That £4.1M win for a global telecoms company is some coup.
Interesting trading so far today. Today's contract wins RNS barely factored in. This should build in the coming days as folks realise the company growth of a smart little company. Less than half in free float. No p and d - instead a decent little company on the ascendancy
People know there is value here. BOD know what they are doing too. Can see this ending up as a FTSE 250 company !!!!
£7.2m of new contracts won, all to be fulfilled this year - not far off last year's entire H1 turnover.
For a £4.4m m/cap company the liquidity and volumes are amazing, with around £200,000 traded already.
With what should be a very strong trading update to follow there's every reason for the share price to rsie nicely from here.
this should be atleast 4p in near future
Only been an hour since the market opened and £7M of additional contracts warrants more than a 25% increase in Mcap. This seems like a quality outfit - these types of companies always shine.
This settle down. The BoD have over 100M shares and these contracts are the biggest the Company has secured.