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.
What the hell is going on here?? Massive sells going through way below the bid
This is insane....20% drop already from an absolute tanking. Its either a great opp or something has leaked...it's really hard to know as one of most silent companies on market and difficult to trade for most PI's because of the US regulatory status thing i.e. can't do it on hargreaves lansdown.
surprised there isn't more chat here...
Drop overdone imo, the buys are coming in!
PE = c9
Cheap ...
It's only on a PE of 9 if you ignore the tens of millions of development costs that they are putting through the balance sheet. Including them it's a loss making company burning cash...
This is a very fair point....was modelling this company last week and if you expense the development costs it is an extremely pricey ticket still. In fairness though...it is the same kind of spend as capex and is the only thing that can contribute towards this companies future growth...so I'm not criticizing their accounting.
Im on the sidelines for now...very tough call. The HN 2 data that seems poor is interesting....was speaking to an analyst who noted that HN1 when it came out was heavily criticised and yet has grown into a very successful franchise. Just feel like there is quite a few uncertainties with this one...
Could there be an accounting irregularity?
The only problem I can see with this one is that the Share Price is always falling rapidly.
Price extension, could be a dump.
Extension time expired, highly unusual and points to the downside. Interesting auction tomorrow morning.
How do you auction after a load of selling and no one is buying? Back to 50p sells tomorrow maybe? Glad I didn’t jump in, looks very undervalued but these trades don’t make sense unless it’s a distressed seller or something more worrying.
What's going on earth is going on with this? First we get a big tumble this morning to a ridiculously low price of 50p and then beyond 4.30pm we get these RNS's. In between time there are loads of buys early on and loads of sells later. This does not bode well whatever is behind it. I woudn't be surprised if they are suspended in the morning.
It says '' A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today''........I'm not even sure I in fact understand exactly what that means in practice.....and more to the point why it has happened.
.....just seen that, apparently 1.45million shares were dumped comprising of 4 trades this morning. Now, who was desperate to get out and why? This will go lower until a greater explanation is given.
Be greedy when others are fearful. Time to top up. The stock metrics are great. The IP/ROCE/little to no debt/private owners don't dilute shares generally. Consistent Year on year revenue, operating profit & operating margin growth..... this stock will shine through.
Very strange, at 10:17, 620k cash was dumped and then another 108k cash at 10:27. Aleksanrs, CEO owns 38% of the company and Luke, COO, owns 7% followed by another 4 investment funds owning 35%. Until the TR1 comes out, could be 3 days but more likely tomorrow or Friday we will not know. If there is nothing untoward and the dump was done for instant cash, there is a killing to be made, however, the City would have been all over this today and information may have come to light towards the end of the trading day about a serious situation. We will know tomorrow morning, more importantly who bought them. Very mysterious and unusual, looks like this could be a Revb situation in the making which was a great earner for me. Don’t you just love volatility?
Another I Mil cash sale showed up on the tape after hours, sold this morning at 50p. The others looking like they were bought, it looks like the MM’s maybe carrying a bit of stock. I would be surprised if this comes out the buffers above 55p.
The MM’s are holding the line, nothing to see here, 59p does surprise me.
Spoke too soon?
That’s a big drop on those sells. There’s no clue as to whether the next few will be £200k. This is all very uncertain. Who is selling and why? Half a billion valuation now going under £100m. Profits are seemingly increasing but the cost to get them are also rising significantly.
Buy price, 55.8p, I will be waiting.
They aren't anywhere near cash flow positive, cash burn over the last 2 years has been $68m! IMO someone is getting out of here before they need to raise more capital - at the 2 year burn rate of $2.83m per month they have enough cash to get to September...
Good luck. I was tempted to get in yesterday but looking at the historic charts there’s usually 2 or 3 very bad days before a very strong rebound.
If it’s Alex Nichiporchik or the Chinese selling then where are the TR1s. Obviously don’t care about the London market rules to maintain an orderly market post IPO.
Yes I meant revenue, not profit.
True, but you have to take into account the majority of the cash has been used to purchase other businesses. A quick glance over the RNS's and I note 6 acquisitions. Looks to me like TBLD need to consolidate a little here. Stop the acquisitions and get the company into positive cash flow.
I don't have a position in this stock.
If they only have enough cash to September (as ShearClass says below) then buying in now, as a long-term holder, means you'll likely have to dip into your pocket again in a fund raise in advance of September...and then maybe again later until they are cashflow positive. So to be cashflow positive they need to generate $2.83m per month additional cashflow relative to today. Assuming 100% gross margin means they need to increase sales by $34 (or ~60%) to become cashflow positive. They claim ~50% revenue growth so it might take say 18 months to increase the sales by ~60% = $50m additional cash needed on a current market cap of $114m.
Am I wrong? maybe.
Looking at 2021 they were cash flow positive. 2022 figures have improved. Not sure where you are getting your cash burn figures from?