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3p soon
3 v 1 Boom. 2mm moved to 3p ask!!
Frag - Do you have access to the RSP data?? how many shares left at 2.20p? thinking of another top up to clean them out
Another 100k fill or kill placed.
fingers crossed
GLA
Every trade today has been a buy. MM's aren't having any luck getting sellers at these prices. Some more buying pressure here and they will be in trouble.
Koo owns 73%. Balance held by A & C Wells (I assume they still hold) 7.3%. Hargreaves Nominees 10% approx. Beaufort Nominees 6.5% approx. Balance 3%. Beaufort Nominees are stuck until liquidator releases them to share shack I think. Therefore leaves Hargreaves and balance which is about 13%. So not that many available and if there's a rush of buying, well who knows...……….
Like a coiled spring... about to pop!
This has a rise imminently imo
Ignore the stupid spread. Mm's trying to put buyers off. When this moves it really does motor. A very tiny FF, chairman SK owns over 70% of company.
Icepick - Nice buy. This month and the rest of the year WILL be interesting.. the market is forward looking.. once confirmation of the billing from the MTRC contract is announced in the results and shows a healthy balance sheet, i think the SP will re rate to true value. We are undervalued by many multiples even using conservative PE ratios. PR from this company is not the best hence its very under the radar. I suspect not for long.
Fridays close saw the Breakout signal triggered on the Ichimoku chart.
Hopefully results are good, coupled with a bit of volume and this could fly.
GLA, NAI, DYOR, & ATJ
100k for me.
This month could be interesting.
GLA
About folks.
Ticking up on small buys.. imagine what will happen when we get a bit of volume. This is one of those that can do 150/200% in a day with decent volume due to tiny FF.
I’m in
Looks like there is still time to buy. Results can come at any time on any day this week. Rerating of the market cap if they are good. Nearly six months of the current year have gone by so will be more interesting to hear about them and how the new contract is going. Shares in the public domain very limited only suggests one thing - any sustained buying and these will fly.
£2.5M Profit FY March 2019 PE 10 = £25m Mcap PE 20 = £50m Mcap
Bigwil - That sounds about right. The first payment of 500k was recieved in March 2018 and from then onwards we have been getting around £300k a month. As Comeonvog says, this company has never been in a healthier cash position during its entire history than it is in now and the MTRC contract will ensure we stay that way until 2023. Significant Monthly payments for the next 5 years. Cash is king on AIM with very few companies actually even making a profit so i suspect we are due a very healthy re rate here to around 5-6p. We have a banking facility with HSBC so no need for placings etc, in fact i cant remember the last time Mr Koo did a placing. In addition, there is the potential to win more contracts of this nature but there is no need to because we have our hands full with this mammoth MTRC deal. As the free cashflow increases so will the dividend yield in the future (another bonus) and lastly unlike mining stocks/pharma stocks/oilers we are not waiting for permits/licences/dilution/drill results /clinical trial results which can make or break a company. A pretty safe investment imo but DYOR
They have stated that revenue and profit will be better this year due to the MTRC contract starting to be invoiced in last quarter Jan-Mar 2018 about £500K invoiced. Then ye 31st March 2019 will have a full year's contribution from the MTRC contract which should be about £7M. If they can keep their other contracts going ye 31st March 2019 should show turnover of approx. £13M with a net profit of anything upwards of £2.5M. This should mean a rerating of the market cap and with very few shares in the public domain the share price has the potential to fly high! Continued buying into the results next week will affect the share price ever more so IMHO.
Volume increase at the end as people cotton on to news due next week. This should be a £20M mcap company easily with the progress already made. The figures will put this in black and white for the market to absorb. Next week should be fun.
Frag , hold tight to them shares. This company has been around a long time but never had as much visible earnings on the books. Could be a banker. imho
Frag - Great timing imo. Easy gains from here. Buy when nobodys looking.
Wisha , i like a quite board before the action starts. The MTRC contract has given UVEL continuation of contract till 2023 with guaranteed revenue .
Looks like the herd will come next week on results day and will help push this beyond 3p easy. Time to sit and wait for them to appear, enjoy whilst its quiet.
Yes Agreed, reason being because Mr Koo hardly ever updates shareholders but when these guys release an RNS its normally significant news, hence why it spikes alot. I reckon the results will prove to the market the money we are making and how this company will be well funded for the future. Divi paying company aswell. £7m mcap is ridiculous in comparison to the order book of £40m+