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Annual report 31 March 2021.Revenue £31.8m, underlying EBITDA £3.7m, underlying profit before tax £2.4m. Cash £6m
Read your numbers again. Made negligible profit. The 2.4M was EBITDA. Do you understand what that means ? Duh !!!
23.8m shares at 98p = £23.3m market capex. With £4.4m cash and no debt.
Last year made £2.4M profit.
Share price is clearly a nonsense!
Well I would imagine that he must have something up his sleeve hence increasing his holding. Looks like a good buy at this level.
Actually I think he's realised that if he wants to do more M&A, he needs to get share price back up to a reasonable level - otherwise he is going to struggle to raise funds from the City at any sort of decent price, without massive dilution.
The answer is clear - get the £40m of acquisitions already purchased to start to perform by adding new contracts and growing business organically....
i have probably underestimated how clever he is, consolidate all the shares and then destroy the value of the company so share price goes back to the same as before the consolidation and then buy the whole company!!
MMs dropping price down hard to shake out shares - no doubt we will see some late reported big buys later..
So it would seem. I'm not buying more until I see revenue going the right way
and now they will bring the price down to match his 95p buy
HL's platform still showing the 52 week low as £1
The MMs probably dropped the price for a second or two to buy them. Amazing what you can do if you know the right people!
How the hell did he manage to buy on market @ 95p?
It tells us 2 things. Nobody wants the stock at the moment which is understandable given the current situation. None the less that is a sizeable transaction and I see there is an even bigger un named transaction shortly after MR Williams. This suggests that they have a certain amount of confidence not the that the market has got it wrong, but that the company still has very good prospects, This is not a token buy obviously it still needs time to rebuild.
Chairman buys 185k shares. Now owns 6.8% of total share stock.
Basically the news at the presentation was the same as the HY results. We are all waiting for contract updates (hopefully some new contract wins which typically come in Q3 and Q4) and trusting that they can deliver at least the same revenue as last year.
Profits should be better as margins have improved.
The new location in the Netherlands sounds interesting.
Basically share is cheap as chips at current price, no debt, profitable. Just needs some contract wins and / or coverage by the financial press to get the share price moving again.
Rich
At the presentation. If so, why are they keeping it quiet?
Absolutely right. A disaster . Ex-growth, ex-ideas and being run into the ground by incompetent management. And that is in a sector that is booming !!
Not much point reading the investor presentation, what is it going to say, we are running the company into the ground, we don't know how to increase revenue in an industry that should be multiplying year on year, shareholder value has dropped by about £2 a share in 18 months but don't worry because we use EBITDA to measure how well we are doing. Oh look the circus is in town!!
HY results out on 25th November and there's also an Investor Presentation that you can log onto using the Company website Investors Relations.
Well someone with deep pockets can see value here - 77,500 shares just bought at 124.25p.
A strong buy at this level
Results show they are struggling to increase and even maintain their revenue. Even against H1 last year it's lower. That's poor IMO and even someone taking over would be concerned.
...might well be the silliest thing to do. Someone in this Dog Board knows they are cheaper than chips now and this cyber lot are all thick as thieves and drink in the same clubs. I am stupid I know in some ways but giving these away on the cheap when they are clearly in play is worse than stupid. In fact they are getting to the level where they could be worth taking more!
Results show they are struggling to increase and even maintain their revenue. That's why I'm out for now. All the best.
Yes surely ripe for a takeover at this price...
I don't understand how they have award winning software, and have picked up some big contract wins in the last 3 years but seem unable to kick on with the revenue streams in the same way that other businesses in cyber security grow so quickly
Quite impressive that you can buy at £1.28 now
- This values business at £30.5m.
- Holding £4.4m cash and made £2.4m profit last year.
- EBITDA and margins stronger in H1 this year, than last year
- I'll be happy if revenue slightly down in Full Year if margins and profit are significantly up
However surely they can get some revenue growth in a "hot sector" of the market and with recent acquisitions:
- Paid £30.3m for Brookcourt; £7.4m for Secarma; £1.7m for GeoLang - all acquisitions in last 4 years.