The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Could it be the new product PRIMA ?
may****, pebble cco, has stated there will be big news at the nab show. nab is 2 weeks away. my guess is it's product related rather than news of a big order.
I’ve got 8k of vislink shares thought this company was gonna 😊
Gla x
With the possibility of news tomorrow (7 days will be up), I think we'll get a rally this afternoon. If you're interested in HE1 then you won't want to be out overnight.
If the news is good (which I expect) then the sp is anyone's guess!
It's profitable and cash generative but due to historical issues with its Vislink Communication Systems divison (which it sold back in February 2017 following a strategic review) it became lumbered with ~£12.1m of bank borrowings and net liabilties of ~£6m as at the end of FY17.
Its been progressively repaying its bank borrowings ever since and its borrowing should now be down to ~£5.5m as at the end of FY23. At the end of FY22 it had net laibilities of ~£750k but should now have net assets at the end of FY23. It took a bit of a knock during Covid and the subsequent chip shortage (like a lot of businesses) but now seems to have fully recovered its mojo.
It's currently prioritising repaying its borrowings and I wouldn't expect a dividend to be paid in FY24 but, subject to working capital requirements and/or business investment opportunities that might arise in the meantime, I would expect a dividend to, at least, be up for consideration in FY25 or FY26 (the payment of a dividend would require court sanctionioned approval to convert its merger reserve and share premium account to distributable reserves).
That said, it did explore a potential equity raise in FY22 to provide it with additional capital to accelerate the development of next generation solutions but, despite good levels of support from existing and new investors, it ended up shelving the plans because of the worsening global economic situation and falling investor sentiment for the equity markets generally. If the markets and the global economic situation continue to improve throughout FY24, it may consider revisiting these plans if expansion opportunities exist (at the moment it's funding this investment from its own cash flows).
It looked great to me. I don't know much about this company but I will follow it from now on.
Positive update this morning. It's not every day that you find Pebble at the top of the share risers list ;-)
Isn't it the high debt at a time of high interest rates which is holding PEB back.
It's chipping away at the debt, but could take some time to get it to lower levels.
I remember this company when it was called Vislink. I just don't know what happened to get us down here at this low mkt cap. It seemed to have the backing of some great entrepreneur in past times. Anyone know of any full year forecasts? Though I don't expect to hear from anyone for many months yet? Just trying to keep the chat alive as it's one share I followed alot when I was much 'younger'!
Interesting buy this morning
May be news ahead !
Has this company gone into a death spiral 😊
Scooby, They are paying down their historic loans at a rate of £1m pa. The £0.1m decline in net debt year on year looks a tad disappointing on first read but I suspect that has something to do with the timing and fulfillment of orders and/or increased inventories (to manage supply issues) and wouldn't be wholly surprised to see inventories and, trade and other receivables circa £1m higher (perhaps more) than at the end of FY21; this ought start to reverse through H1 FY23 if orders and supplies become more normalised.
Sea of blue today. Nice TU. Should be upwards now.
Some peeps may be put off with cash issue but
1 - they got through Covid without dilution - i.e. no placement / issuance of further shares for money
2 - got loads of headroom with existing bank facility (£8mn I believe is max ceiling)
3 - net debt is falling
4 - profits rising (should hopefully translate to higher FCF to pay down the debt)
5 - business booming with tailwinds
6 - dirt cheap valuation (PE c5.5)
From now to the FY results showtime (May '23), if they can demonstrate further progress with reduction in debt + strong sales and pipeline / ARR - will further fly.
Back on track.
BTW - busy board!
Its quite interesting here, as a £1900 buy can move the share price by 2,24% up. The only buy of the day so far. If this company gets going, the share price will fly. as there are not too many in circulation and tightly held. One to tuck away.
buying 50,000 block of shares over the last week.
Good news just around the corner?
In with 30k. Looking for a good EOY update. Hopefully they've managed grow top line, take some more debt off, and if they can show they're still investing in R&D then I'll buy more.
Being a long term holder here and seeing the share price moving up, it's when there is a bit of a leak regarding good news coming. So if you are looking to buy,chest get in soon.
Some decent sized lots being taken at PEB.
Does anyone know who the registrars are for this company
Many thanks
Lol the world has moved on? Have you even research this company? Do you know what's in their pipeline?
I was right about the increase in orders, just a bit optimistic about the SP lol 2022 going to be a good year!
PEB can get their message out without selling access. I think it wrong for PEB to take part. Q&A would feel like cash for questions to me, cash for access too. Use Investor Meet Company instead.
It's ridiculous unless PEB release information that is not otherwise available which I think is against the law anyway. Called selective disclosure. Mello gone mad.
I've never heard of a charge for watching a Zoom meeting!!!!!!!!!!
Now that the world is easing out of lockdown, I expect a massive backlog of orders coming through for Pebble. My guess is the sp will be around 17p by September 2021 and then 25p by April 2022