focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Nice to see some interest and 2 mm's move up to 80p bid today
Cannot buy 5000 online but can buy 2500 but at mid price 80p atm...results next month will spring this back to life
Couple of 5000 trades at 85p got to be worked buys. £1.66 mil market cap. £1.9 mil cash in the bank with strong growth and cash generation and might be profitable now too. Better sell and put in something going bust like Sed or Vast :-))
There's a total squeeze in this one atm. Just 75 shares max online with 2 mm's sitting on L2 at 500 each. I'll help you out market makers, give me say 130p+ and I'll let you have some, should be higher and probably will trade at 200p again once people realise how cheap this, not many sub £2 mil stocks that generate cash and have a sound business is there, 99% of them on Aim are struggling and need to raise funds !
1,500 bought at 80p at the open today.
NT to trade - no shares currently on offer…
Just 1000 shares available at 80p, somebody is taking 1500 clips but stock is tight. One of the cheapest stocks on the exchange, shame nearly everybody else wants a fast buck as this is amazing value
TBH it held up well today, not many people sold out today who bought yesterday, at some point it will turn again and get over 100p, could drop too first it was NT to sell all day hence the discounted sales even small ones but it could easily flip on probably just 10k of buys too
Wish I see this earlier too, does look very cheap valuation under 2M MCAP unless I’m missing something
Wish I seen this earlier, think it was around 62p offer early doors now 80p going. Maybe it's finally time value stocks got their day in the sun, far too many of them sitting at ridiculous market caps. This is probably being helped by also being joint top % leader which means traders have a bash too sending it higher ..for now
Excellent set of high level numbers…
Guidance gross revenue of £6.5m beaten with approx. £6.62m delivered.
Net revenue at £5.8m is up 23.4% on 2022.
Net debt is down 26.66% and falling monthly.
Cash is strong at £1.9m…
Shares could easily re-rate above 100p.
Now trading at 67.5p and a valuation of just £1.32m looks crazy cheap.
Not often that you find a share that is clearly under the radar.
Yes, very encouraging.
Cash was £556k on 30/6/23 so H2 has been excellent with cash inflows of well over £1m. Clearly cash is very important for such a small company so this is really positive
Looking good - "The Board is pleased to report a strong performance during the second half of FY23, with total unaudited revenue for FY23 being slightly above market expectations, at approximately £5.8 million (2022 restated: £4.7 million), due to particularly strong Brand Experience revenue, the successful launch of our Rock Up and Pop Up service and the continued recovery and expansion of our German retail business."
As the Group's products and services continue to evolve, during FY23, the Group reassessed its revenue recognition policies in its UK retail division. Previously, all revenue within the UK retail division was recognised on a gross basis, as it was deemed to have one performance obligation. Following this reassessment, it is now considered that there are two separate performance obligations:
(i) acting as the promotional space agent which involves the marketing of space to licensees and entering into and managing licence agreements on behalf of venues as their agent; and
(ii) the short-term rental of the Group's own kiosks.
Accordingly, UK retail revenue will now be recognised on a net basis in FY23, with FY22 comparative figures being restated. Under the new revenue recognition policy, market expectations for FY23 revenue should therefore be adjusted from £6.5 million to £5.7 million. The reassessment does not impact reported profits.
In terms of balance sheet, as at 31 December 2023, the Group had cash of £1.9 million (2022: £1.9 million) with £1.1 million of term loans (2022: £1.5 million) and undrawn bank facilities of £0.7 million (2022: £0.7 million). Therefore, total cash available as at 31 December 2023 was £2.6 million (2022: £2.2 million).
The Group expects to announce its FY23 results during the week commencing 29 April 2024.