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Oh my.....whats he done now:)
When i log into my trading account i sometimes have a rattle through old held shares to see how they are doing and my eyes popped out when seeing this hear......this market is full of surprises!
Looks like the man who sold 7,000,000 shares in PXS and killed the confidence and share price has been sussed out for what he is. Sorry for the investors in SIS, but until you get rid of the anchor the ship will turn into a submarine. A picture was posted years ago with him in some expensive zoot suit but it was taken down by the fashion police i think, pity i would like a copy for my dart board.
Stephen Moon damaged Provexis then he went to SIS and is damaging this company how he gests away with this I really don’t know. But in my opinion he is a RAT !!!!
Sold out a long time ago now, purely due to a lack of integrity from moon on options re pricing. Still have this on my watch list.
Sad to see where this is as the products are world class, but when every decision revolves around moon thinking "what's in it for me" strategy and operational excellence takes second place.
moon the baloooooon will be getting nowt more off me .
Well at least we all know what Liz Truss and Kwasi Kwarteng do as a hobby.
Surely, it's time to look at the serial failure being delivered by the current CEO and conclude that fresh eyes and some basic competence are required.
Glassdoor is an excellent means of getting a view of organisational health and thereby future prospects. I'd recommend a scamper down the reviews - they're a damning picture of the CEO and the culture he's created. Talent is fleeing the business and yet the architect of the implosion remains.
There we go, it was pretty obvious.
They believe the current market cap under values the business then go on to dilute at 15p.
Cash at Dec 21 was £4.9 million, an adverse additional £3.2m in costs at the last trading update (many of those additional costs are ongoing rather than one offs) on top of being a loss making business.
Will they come back to tap shareholders with more dilution or is the invoice financing facility sufficient to see them over this hump in the road? Would value thoughts here.
If i ever get to break even, im heading too alpe duez
Talking about brown smelly stuff reminds me of a notorious celestial body.
That update was a bit of an "ouch" moment. I was expecting some pressures on costs but, I must admit, 3 million is more than I thought. Ah well, brown smelly stuff happens sometimes.
BB
growth is slowing and costs going up. Always a big concern for an already loss making company.
Would have like a bit more detail on today's update e.g. current cash position etc and potentially any cost saving measures BOD are undertaking
I suspect because the valuation was largely based on future revenue and the discount part of the calc used will have increased with current economic environment.
Todays update won’t help that but whey prices are hopefully coming down again.
Always a concern for this one of further dilution.
Does anyone know why the share price has dropped so dramatically? I will hold but have not seen any comments about the drop? Would appreciate a lead here but not whingeing about Stephen Moon!
Excellent results, huge growth. Above expectations is my favourite phrase. Net Cash position only negative but to be expected for the growth and as stated it was one off to drive future efficiencies.
I'd guess the "unforeseen circumstances" bit is just standard boiler plate text that they use when a meeting's moved, and means next to nothing.
M8nd you, delaying results while they're audited always makes me a tad nervous. If it's not just dotting i's and crossing t's they should have informed us about potential issues though, so I'm working on the assumption that it's just an administrative issue.
Now 4 April
Please be advised that due to unforeseen circumstances SCIENCE IN SPORT PLC has had to cancel the meeting Final Results scheduled for 18th Mar 2022 at 3:00pm GMT. A further presentation invitation will be issued in due course.
There's probably some value in the current share price ( 59p ) which values the company at roughly 80 million. Given the revenue for the FY was just shy of 63 million, that seems decent value.
On the other hand, cash is still being burnt, partly because of the capex on the factory so more cash may be needed relatively soon, and the old adage about "Turnover is show, profit is dough" is always valid.
Tough call, but I've bought back in recently.
BB
I may be wrong but a joint broker tends to be apportioned for a capital raise. On the positive side, with the current market cap, they could raise significant funds with modest dilution.
I’ll wait on the sidelines, I doubled my money here so even if I’m wrong I’ve done ok.
If you want to build something new, you either pay for it from resources, and then get the benefit for future years, or you finance it from a lender, and they get the benefit. SiS presented to investors a while back, and got their enthusiastic support. IMHO they've done the future planning in the best way
I flagged the ballooning payables when they released the interims last year whilst the company banged on about cash balances.
Still a couple of months from finishing the Blackburn site and £5m left.
Why appoint another broker?? To sell shares is usually the reason, that’s what brokers do.
I don't believe you are reading that point correctly at all. they have funded their expanded production facility. It's an exceptional, and will assist further growth for a fair way in to the future.
Fundraise. At the last interims the cash was down to 8m and the payables was up 5.5m to nearly 16m.
I’m out, maybe revisit after the fundraising
Good update, above expectations is always a positive phrase. Hope to see the SP climbing over the coming months. As ever SIS is a prime takeover target for other players with margins and growth like it is demonstrating.