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This has been overlooked by the market , you find these now and again but with the MTRC contract we have 4 years + visibility for earnings.
Year the last one for the company. The £40m contract has derisked this investment going forward and i really can't quite believe how quiet it is here today with results out next week possibly Monday morning showing a massive increase in rev and profit. Such a tiny FF, good luck buying when RNS is out next week.
Taken from Interim Results RNS (Dec 17) The full benefits of the MTRC contract will not come through until next year, but we do expect to see some benefit to both revenue and profit during the second half of the year as we commence invoicing on the Project in the first quarter of 2018. However, the Directors expect to see a significant increase in both revenue and profits in the second half and also for year ending 31 March 2018, when compared to the same period last year. Revenue and Profit will be significantly higher in the results next week. A forward looking statement from the chairman will also be very bullish for the next 6 months. We will make circa £6m a year from this contract (mcap £7m), in addition there is further scope for more contracts. As there are some major infrastructure projects to be completed in Hong Kong in the coming years, such as High Speed Rail Hong Kong line and the Third Runway at Hong Kong Airport that the Company will be able to tender for, it will provide the opportunity for business growth.
All trades today are shown as sells but were buys. More buying in advance of results which they said were an improvement on previous figures.
Last chance to get in below 2p tomorrow , if results as expected this could be a profitable hold over the next couple of years. IMHO
Market cap very low given that the results are going to be an improvement. Very few shares in public domain too and even less when one considers those 25M held with the administrator of Beaufort Nominees can't be traded yet. Leaves what Hargreaves hold as nominees approx. 40M plus a few more say 10M about 13% available by my calcs. If the figures are good and buying increases mm's should run dry pretty quick IMHO and that should mean the share price goes up in leaps and bounds. All IMHO though so could and may well be wrong.
Starting to bubble , results Monday.
We have movement .
I agree - can see significant jump in share price given the way it has moved in the past and providing no unforeseen surprises. Might even be divi rise with the new cashflow?
With final results out within days i think we might get some positive movement in SP
"The first revenue on this contract was invoiced in January 2018 and we expect regular billing, on work completed and certified on a monthly basis, from now until the end of the contract period; the first payment from MTRC was received in mid-March 2018. In the year ended 31 March 2018, the Group invoiced HK$5.1 million to MTRC, leaving a further HK$402.2 million over the remaining five and a half years of the contract."
I am pretty sure the sells at 1.84p are actually buys. Mine certainly was.
In addition, the Company has been provided a surety bond facility of HK$30m by a leading insurance company, Berkshire Hathaway Specialty Insurance Company. The Company has used HK$11.7m of the facility for the performance bond of the MTRC contract. The unutilised facility as at today is HK18.3m and can be utilised for OTHER potential projects in coming year. (JAN 2018 RNS) The company are wanting to expand into China and Australasia... order book already in excess of £40m..more contracts to follow imo, funding alreay in place DYOR.
The first revenue on this contract was invoiced in January 2018 and we expect regular billing, on work completed and certified on a monthly basis, from now until the end of the contract period; the first payment from MTRC was received in mid-March 2018. In the year ended 31 March 2018, the Group invoiced HK$5.1 million to MTRC, leaving a further HK$402.2 million over the remaining five and a half years of the contract. This back-loading of the billings is due to the fact that we spent a number of months on design and testing prior to commencing installation work as planned. We expect the first full year of installations in the current financial year, with a consequent SIGNIFICANT increase in the Group's revenue.
To this share, first payment of HK$5.1M received by the company. An order book in excess of £40M pounds. Mcap £7m. The company have said they will update the market as the payments are invoiced and received. Tiny free float here, up 10% on few trades. Using a Conservative PE ratio this company is worth many multiples of current SP. DYOR
Thanks ....much appreciated.....how can we have shares in a company not listed .....weird
Leader Smart Holdings I believe is the co that was listed separately, came via uvel shareholding about 5-6 yrs ago. Little has been heard of it since. Noirua's posts on advfn over the last few years will be more helpful if still interested.
A subsidy of Univision was demerged from it and listed separately . Can anyone help on this as confused what's going on
this share only rise with rns ....and last time went 400% in one day ..best to buy at rock bottom price then sell on news ...can,t hold the price ...
Expect this to start moving now, 1st revenue now in the bank, future payments agreed every month! Significant revenue from other projects also confirmed and tiny free float this could really move..gla
The big news here is that the money has now started rolling in...more than ever before for this company! Already confirmed in rns that first Hk$5.1M already PAID, and around HK $3.1 will now be paid EVERY month. This is for next 5 + 1/2 years! Let the re-rate begin..
Another good update , this is a next year company .It will take time as they need the revenue to start showing on the books and that is still some time away. I hold a small amount here & will add towards year end if all goes to plan and they start receiving the payments on time.
Excellent news today with significant revenue expectated. Tiny free float with CEO - Holding ~73%, Other Major Shareholders 8%, with only around ~19% in public hands = ~80M shares!
Rns key points: - MTC - Significant Group Revenue expected - Non MTC Contract - Significant Revenue in Constr - Both Revenue & Profit ahead of 2017 - HK $5.1M invoice received - Funding agreed with HSBC - No placing neede
Rns “...We expect the first full year of installations in the current financial year, with a consequent significant increase in the Group's revenue.”
Trading update