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With you guys also, wish had never invested here. So blatantly clear that those spouting positivity are merely paid rampers. Time to get out at a loss. Win some, lose some as they say.
Total agree with you HannsG This stock has and alway will be a damp squib...Wish I never invested
Wish I never invested here
Reading the tea leaves BD6? I can't see the gems you refer to. Yes cash is up a bit but so are current liabilities, 1.4m of current liabilities are due for payment in the next 12 months. Revenue has fallen out of its arse. Massive cash call coming, significant dilution. There really wasn't anything in the accounts to give me hope of being in a better position in 12 months. I've just taken a haircut and sold out. Better to preserve what is left of the investment than lose it all. I hope it comes good for you but right now the financial situation looks severe. BTW, how do you come to the conclusion we could see a maiden profit?
So, possible maiden profit on horizon for Y/E?
Cash and cash equivalents up in excess 150 percent, half year.
Hyrax 100 percent owned and integrated.
Contacts and opportunities increasing.
Not without risk, but some hard work going on in the background - a business plan in progress.
Happy to hold and accumulate over the coming months.
Do your own research however.
Very disconcerting to see Harvey Nichols tie -in is misspelled on more than one occasion in the interim unaudited accounts to 30th June 2021 ... referred to as "Harvey Nicols" ... surely the accountants and publishers of this record would have noticed the mistake ... unless this Harvey Nicols (Hong Kong) is a clone company with no connection to the UK brand and is meant to mislead ... would have thought HN lawyers would have been on the case if it is.
Under the "Going Concern" heading, following the Covid impact, there now exists a significant liability (deficit) and it is said it is inevitable that substantial fundraising would be required to develop the business and maintain day-to-day cash flows ... we note that the Chairman (in the recent past) has put in substantial amounts of his own money, so he is committed to continue growing the business.
From what I can see from the mention of the remaining Hydrax Holdings acquisition it amounts to nothing more than "chicken feed" as a contributor to funds. ... Are they responsible for the distribution and sale of Fish Maw? ... strangely there is no mention of the product after the bullish statements made a year ago of huge demand and increased markets for the niche Chinese foodstuff, which would not necessarily be affected by the Covid pandemic provided the countries where it is sourced are able to supply.
As we are experiencing in the UK, maintaining the supply chain is a major concern and this must be a worry for all retailers in the Asian market too who have high overheads for outlets and staff ... but this is where this impact can be minimised by internet sales and by not keeping high stock inventories, provided the demand can be met ... this is where SCGL can prosper in a competitive marketplace.
Does anyone have any thoughts on these? Reading the 2020 accounts shows most revenue came from a couple of key customers. Have we lost those in 2021? Is hyrax the vehicle that sells fish maw? How come we have no revenue from that so far this year? They say England pie is now live but I've been in the site and it doesn't have any stock. Much more detail is needed from the bod.
That's OK...
Found then thanks foolsgold. Part of me wishes I didn't what a ****show did not expect such a reduction in revenue
Go into sealand capital galaxy...
Draw down on reports and announcements
Full information available
I've called both numbers on the rns. No reply. Has anyone had any luck getting the interim?
I'm having problems opening the report. It doesn't seem to contain the figures
Have noticed that on the 21st Of October about £50,000 of buys went through Perhaps someone accumulating ???????????????
I have been following Alibaba recent horrendous decline after the Chinese crackdown.
Alibba has started to rise and has been tipped by a few pundits .
WHO KNOWS MAYBE THERE IS NOW HOPE FOR SEALAND>
Good point re Western ears callit.
No point having a flashy website if theres no stock available!!! 2 weeks now!
'England pie' does sound funny to western ears but this is a Chinese brand not a UK one. SCGL are experts in doing this stuff for China so I trust that the name they have come up with does evoke the image that they want to portray to their target audience.
Maw Pie please.
And there's another 50p pocket money
Early days for the company yet. Signs are promising. Lots of small deals being wrapped up. I will wait for interims and reassess. England pie is a new beast, one of many investments made.
Clearly time to suck it up and accept our losses here. Will leave the paid rampers to try their best to persuade those few left that another few years and this will be in the green. Adios.
I always forget this isn't aim so a slightly longer wait for the interims
Agree the website doesn't feel ready. A bit clunky to scroll through the products. Nothing in stock. The brands advertised don't feel like quintessential English brands. I find the website name puzzling. They are bringing premium products to the market yet call it England pie. If they were selling pie and mash I would understand.
Fair observation.
Nonsense
Hopeless piece of work