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I am guessing that 'bending ma' may be Justin W... as he recently announced a stake above 3%.
Not sure he is selling given he is still putting out positive vibes?
Bending man?
Sorry a bit emotional there he is the ex cofounder so we have him to thamk really. maybe he won't sell
The Bending man is definitely selling into this rise wish he would just get out and let this rocket
Pretty happy with that
Hint of a dividend if things continue, costs really controlled, we made a much bigger gross profit cost of sales significantly down on increased revenue which is rare
Operating profit and cash generative, BoD would like to pay a dividend you can see but of course have to be careful, global situation is difficult at the moment and we dont know if restrictions will return next winter, they probably wont be since we haven't had a full restriction free year, being cautious is the right thing to do
If they can get those revs up to previous levels with the current balance sheet we should be looking at an EBIDTA of over £1m+ PA which would likely pay a nice dividend of between £250K and £500K - for a £2.8m MCAP stock that would be extremely appealing to the wider market and I suspect we would see some serious interest, short term target remains at £5m MCAP then review, but strong enough update to hold for another 6 months and await the next set of results
Well done BoD!
It's definitely not punt money (that was just a joke)
Been watching this for a while, very rarely attracts chunky trades, nice £10K one there
Bodes well as we have been struggling to get any volume for weeks
I would not want to punt a stock valued at under £3m which also has a low free float...
Nice rise today, only 9 trades
Someone in the know buying before results, or punt money / gamblers?
A bull trap or a sign of positive things to come?
Agree, BOD need to remember they are only valued at £2.4m MCAP
Actual cash and headroom as a percentage of market cap
Revenue growth and outlook
And if we have made a profit, then really headline this because at today's valuation zero profit is priced in so that would be a real game changer
Blue sky/forward looking statements on how we can get back to that £8m+ revenue and also ensure costs are mitigated so we can turn a good profit, my fear is the costs skyrocket with the revenues and it is all for nothing but we will see next week
I hope they really pay attention to the wording of the RNS. In today market with liquidity returning it could be a big factor to how everyone reacts. They need to make it easy for investors to understand how well they are doing and implications on profitability.
Noticing quite a few top ups here ahead of results. I wonder if someone is loading up? Would love the words ‘ahead of management expectations’ in the outlook section. Would be really powerful, no?
Folks, and that all important word - profit
That is the question
And what investors are eager to find out come end of the month
If there be profit, then we could skyrocket sitting at £2.5m MCAP
If there are big losses, then its the same old same old, revenue is vanity profit is sanity
Increased revenues already confirmed so lets hope that hits the bottom line after costs were reduced considerably due to covid restrictions, what has come back faster costs or revenue... or both?
It’s obviously something a lot of other businesses could do with quite low barriers to entry but the relationships with asset owners and the strong portfolio of properties they have build up and expanded over the years is extremely value able. The debt is cheap and a far better way of financing a the moment compared to equity. It’ll be paid off in no time anyway.
6M of liabilities, including at least 2m Debt. Remove 'good will' and there are no net assets.
Revenue might be around 6M but in 2019 on 7M they just broke even after 5M administration costs.
Unfortunately not a profitable business without current current head winds.
Renting out space in a shopping centre as a middle man, doesn't sound very profitable, or even exclusive.
Where is the investment moat here, what would you be buying if you bought the entire company that you couldn't do without buying the company? Slow decline here IMO.
Don’t really know who is selling this now apart from those flitting about getting bored after following Justin Waite in. That’s no way to be a profitable investor.
Revenues could be £7 millions this year and the company might well be profitable. How much would you pay for a company churning out £1 million of profit each year? Could be £10 million valuation in time, 3x from here.
So much upside here if they get it right
£2.8m MCAP today at 14.4p bid, moving up nicely on small volume
Can they achieve £7m revenues and a profit in 2022?
I think they can!
Been holding this for ages and totally missed the action over the past few days! Incredible trading update. A few years ago this was 30p a share and revenues were 7 million. SAL can't be far away from that now?
There's the 13p - only took a few hours
Crazy cheap when you look at the market cap, hopefully the TR1's are picking up the cheap stock, back to 15p would be nice and without the seller I suspect we would have been trading about 17-18p today
MCAP even at 13p is only £2.5m, could easily be another 50-100% from here
Will take a few days to flush all the 8-9p buyers from that large sell, 13-15p by the end of the week
Unless they adjust the spread, they won't get the volume. Simple mechanics here.
Stunning update for a £2m MCAP company (at 11p)
Cash £1.3m, headroom over £2m
Revenues up massively to £4.5m from £2.8m
Stunning
Win or lose really happy with the price, got lucky I bought these at 11.5p earlier in the year and sold for a quick buck as needed the cash, but at the time I was gutted I didn't get the lows of 8-9p, the seller has now given that chance back however ofc unsure why they are selling but I feel it could just be a reshuffle since they did change management back in Nov 2021, so always the risk of movement, didn't expect them to smash the bid so much but maybe £230K is buttons and wanted to take advantage elsewhere, still almost a 50% loss at the bid vs ask few days back
It's Harwood Capital LLP fully out (check holdings)
Had a reshuffle in Nov 21 so probably not part of the plan
Oversold, lets move back up
There is the seller 234k @7.55 Yesterday morning and the reason for the drop.