Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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.
EXCELLENT RESULTS, Good luck to all INVESTORS
No doubt there will be profit takers Hugo. Its AIM and they ramped it up hard in two trading statements so expectations are running high. Last year there was a 20% retrace after results. But there was no sudden drop, it was a very gradual downtrend from March to August so you'll probably get your chance to sell in an orderly fashion in the next week or so. But there are only 10m shares on issue so things could get interesting if they get bullish. We've all seen how this can pop 30% in a week. If in doubt you should always top slice some profits. This is AIM, who doesn't kick them self for being greedy when they have a chance to take some profits and it disappears?
Based on 2017 cash generation of $5.3m and revenue of $28m I'm pegging EBITDA at $7.5m and pre-tax operating profit at $5.7m. Second half cash flow looked a touch weak at $2.5m so will be keeping an eye on receivables and deferred income. I suspect they may have got those major new deals over the line towards year end so cash flow after year end may be strong. Not sure about the dividend, but it seems they have hit the targets set out in 2017 half year. A dividend covered 3 times would give somewhere between 10-15p per share and a yield of 2% ish. 2018 looks very BRIGHT, H2 revenue was $17.5m so if they can hit that for each half next year that is already a 20% increase in revenue. This is underpinned by the strong order book and recurring revenue but will require the sales team to keep winning the big deals. On revenue like that we could be looking at expanding margins and a pre-tax operating profit of $9m. I thought that maybe this was getting ahead of itself valuation wise but my forecast implies a 2018 pre-tax P/E of only 11, and paying a dividend we could see further gains over the year. Will be punching the results into my model on Thursday morning and passing judgement on 2018 outlook. Looking for guidance on investment in sales marketing and product development, they seem to have opportunities aplenty right now... GLA
Almost bagged, few percentage short. Not sure whether to hold or sell half. Don't want to miss out on any dividend if it comes and also don't want to be drowned by profit takers. Seems to be having trouble breaking the �7 barrier. It's being tested recently. Greed is good...lol
We'll I said this year I wanted a fiver. Then results so good I held for six. Today we are at seven and I reckon a rerate will push this north of eight pounds. Keep your profits rolling!
Bagger in 3 months, that's one hell of a rise. Expectations are pretty high, it will need to be a knock out result to keep the market happy.
Hitting new highs as we approach 22nd March for full year results :))
The price has been holding up pretty well even with the current market turbulence., I'm assuming a dividend has been factored in already after looking at the steady share price graph over 1 year recently and the company considering a dividend.
Creeping up.
will need a short term breather but overall its fine
Back towards 600p again. I banked some profits here at 565p, I was starting to get uncomfortably overweight after the recent 60% rise. This situation reminds me of last year where the BoD set the bar very high leading into results causing the SP to succumb 30% to profit taking. I intend to learn my lesson from this and make sure I bank some profits on the way so if it does follow the same pattern again I'll be ready to top up. Fundamentally I think this is a sound business with great cash generation which I intend to keep as core holding.
Good write up in the magazine yesterday. Revenue �2m ahead of �26m expectations but the market is clueless about how this impacts profit given the limited dripfeeding of info. Might be on for a �6 close today
Best report ever, things are now really on the move. Dividend will be there, Mence needs new money from the firm now the other income has dried up, AND he has even more stake in the company ;-))))) But that doesn't matter, he deserves it as he is the one with the biggest investment in the whole!
Hopefully, a dividend announcement with the results in March should give it a further lift.
A dividend announcement in March should propel this even further. Holding until then.
Originally I was going to sell at 500p. But results are that good, that I am holding. Expect broker upgrades and some media coverage. Investor Chronicle or Shares magazine? Last year price leaked around end March when FY results detail were announced. I can see this rising well above 600p with coverage and rerate. Doesn't look expensive p/e with $9.5m cash and forward visibility of $18m already for 2018. Hope they offer maiden dividend as well. Gla holders Rich
Yes it happened, i expect it to go further to 700 and more coming month's.
Good news re late contracts with prominent customers, net cash position has improved from $7m at June to $9.5m, order book for 2018 indicates another year of revenue growth and recurring revenue is steadily increasing which is likely to underpin the dividend. Good to see SPE on the leader board, 500p a distant memory, next stop 600p?
Onwards and upwards
Another Great piece of news!!
Share price been bouncing between 470 - 500p. Shaking out a few, before we can move up to 600p? Trading update details on Monday 29/1/18, should give us lift off. Love it! Dyor Rich
Says in trading update. I think today was a record close. If not its very close. I think 500p will be breached, but not 600p before results. Not many shares floating around right now. Only 10m shares on issue, don't see that very often on AIM
Break-out. An end of day close above �5 will be nice. GLA
Full year results out 29/1/18. Tipped by the Naked Trader yesterday, target 600p. Will keep holding mine now in expectation of 600p being smashed by end Jan and maiden dividend? Gla Rich
Hitting 500p with style with a 46k purchase. Going to be a bit dull waiting for the results at the end of March. Very similar pattern here developing from last year: Last year on the day before the trading statement the SP was 383 and peaked at 500p the day after results. This year the SP was 362p but has already hit 500p. Not surprising considering that earnings are going to be significantly higher. Does this mean that the SP will continue to run up to the results?