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Unfortunately despite seeming to be s great company I was drawn to the cash position in today's RNS:
The Directors are investigating securing new sources of capital as well as other strategic initiatives and options."
Seems to be something stirring US side, now 40% above the UK price and I think a fund is pushing it.
none of them showed up on the trades after around 30 mill passed thro the cnbc ticker on thursday,odd that https://www.investegate.co.uk/prophotonix-limited--ppix-/rns/holding-s--in-company/201709041706337826P/
movement of shares atm?
Looks like you may soon get another chance.
I take it that's a no then.
Hope you kept to your plan and bought some on Monday.If so good decision.
Had this company on my 'Watch List' for about six months. It just moved to the top of the list. Plan to buy in Monday after some more research
nice order here... low mcap... ticks boxes... research needed... SIXH too eh? Will check it out.
Bearing in mind the increase in PPIX share price, surprised that this not reflected in share price of SIXH, which is a major holder. Anyone any idea why ?
Looks like a good turnaround with PPIX logging their first full year of positive net income since 1994, five consecutive half-yearly periods of positive EBITDA and three consecutive half-yearly periods of positive operating income. Volumes are still thin but back to 2p on light trading (some behind the scenes). With a market cap of £1.88m it's one to keep track of in the coming years. Financial Highlights · Net Income of $0.3 million (2014: net loss $1.3 million) · EBITDA profit doubled to $1.2 million (2014: $0.6 million) · Operating income increased substantially to $0.8 million (2014: $0.1 million) · Gross profit margin improved to 41.4% (2014: 39.1%) · Revenue decreased 12.3% to $14.4 million (2014: $16.4 million) impacted by foreign currency exchange rate · Percentage revenue by geography: 47% Europe, 41% North America and 12% Rest of World · Available borrowing capacity of $2.0 million from its loan facilities at December 31, 2015 The Company achieved an operating profit of $0.8 million and EBITDA of $1.2 million. These factors contributed to ProPhotonix's financial improvement and positive net income of $0.3 million (2014: net loss $1.3 million). The balance sheet also continued to improve in 2015. Term debt declined $750,000 to $1,474,000 as at 31 December 2015, which is the lowest outstanding balance in more than a decade. ProPhotonix begins 2016 in a strong position, having received production orders from the three customers who have signed three year supply agreements during 2015. We have also progressed our UV product family to include the COBRA Cure FX1, an innovative UV LED Curing system, which we recently announced. Recent booking trends, the macroeconomic environment and foreign exchange rate impacts cause us to be cautious for the first half of 2016, but we remain very positive about our business pipeline and confident in our ability to achieve continued positive momentum toward our profitability objectives.
Is this going to cause some upward movement today.
How is "Exchange of shares" different than buying shares? At the end of the day, 600Group will acquire more shares through exchange with II and need to make an offer for the company.. I am probably wrong as they think this wont cause to them to make an offer...but how does it work?
Copied from rns In August 2014, the company acquired 26.3% of the issued share capital of ProPhotonix Limited ("ProPhotonix"), a manufacturer and distributor of LED and laser diode arrays for industrial, medical and security applications. ProPhotonix is an AIM listed company registered in Delaware, USA and accordingly is not subject to the Takeover Code. Shareholders may be aware that ProPhotonix has subsequently announced the adoption of a rights agreement designed to discourage the purchase of further shares in the company without the approval of its board of directors. Whilst we are disappointed with such action, we are actively engaging in constructive dialogue with the board and management of ProPhotonix with the intention of maximising shareholder value in both companies. Meanwhile, we consider that the acquisition of a substantial minority shareholding in Prophotonix, by an exchange of shares with major UK based institutional shareholders, offers potential value to our shareholders in the medium term. You would have thought 600 try the PI's first with a share trade at lets say, a 50% premium. lol. It will be interesting to see what premium they do have to give to get the shares from the II's.
I've known this company since it floated, and it was an absolute DOG. Well done
Why are there two boards..PPIX and PPIR? dont understand..
They paid 5p!
Did the 600 group pay?
So 600 group buy 26% @ a premium. Now I wonder, why would they want to do that?
RNS is issued under PPIX epic. I raised this issue to the company...
Why do RNS's not show since May 13 ???
http://goo.gl/7dsmhh Financial Highlights · Revenue increased 13% to $8.3 million (1H 2013: $7.4 million) · Revenue increased 11% for Laser diode modules and diodes and 15% for LED systems · Gross profit increased 8.0% to $3.2 million (1H 2013: $3.0 million) · Gross profit margin decreased to 38.5% (1H 2013: 40.4%) · Operating loss decreased to $0.1 million (1H 2013: loss of $1.1(1) million) · EBITDA of $0.1 million vs. loss of $0.9(1) million in 2013 · Order bookings of $8.6 million (1H 2013: $8.4 million) · 1.03 Book-to-Bill ratio from existing and new customers · Percentage revenue by market sectors: industrial 74%, medical 17%, and security & defense 9% · Percentage revenue by geography: 49% Europe, 32% North America and 19% Rest of World · Cash balance of $0.3 million (June 30, 2013: $0.7 million); available credit lines of $1.8 million. (1) Includes restructuring and non-recurring costs of $582,000