Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I am not sure if I see it specifically as a negative Craig.
The sales in those new products so far are fairly irrelevant in the big picture, and lets hope they amount to something.
Its more likely to be a lacklustre update with a bit of jam thrown in (Hence the new product jam tomorrow mentions).
We will know next Tuesday and I would love to be surprised to the upside.
I don’t see it as a negative it wasn’t a trading update, it was an announcement of new products plus results date. Despite the macro uncertainty I am expecting decent results.
It concerns me when an update goes on and on about wonderful new products which have yet to sell in decent quantities.
And when 100k becomes .1 million, it feels like they are trying to dress mutton as lamb..
Anyway, I hope my spider senses are incorrect and the update is good when we get it.
Commenting on the Group's New Technology Product Update, Executive Chairman, Dr. Patrick DeSouza remarked:
"Our core business - American Leak Detection - is in a unique strategic position to create a true distribution platform for services and products. We have a sales footprint across the United States with approximately $150 million of annual gross sales in the US and growing, with national insurance channels and service calls to over 200,000 homes each year.
Most importantly, we address the first question that homeowners have along their customer journey to address all of their respective water and wastewater infrastructure needs: 'Do I have a leak and can you find it with minimal damage?' While on the job site to solve this first question with our proprietary minimally-invasive technology solutions, homeowners often ask our technicians for additional technology solutions to remediate or prevent other related water problems. To address these additional customer needs, we have previously invested in the technology products described today. The commercialisation results indicate that they will add to our future growth. Moreover, with our video ecommerce offering and Salesforce CRM software, we will also be able to work with third-party product partners to help customers in real-time while on the job site by offering more solutions, thus enabling continuous customer engagement which increases the lifetime value of each customer.
Given our initial success in terms of sales and the data showing the value that these offerings bring, we will accelerate the roll-out of these new offerings as part of our 2024 sales plan, reinforcing our technology leadership for transforming the delivery of water infrastructure solutions."
Agree with your sentiments.
Hopefully the interims will be good.
At the moment, it’s very difficult for most shares to hold their value between news.
409 to buy so down by recent lows. The company structure, strategy and financials point to better days ahead.
Interims out very soon and maybe some indicators that the investment strategy is materialising into real gains.
Got the feeling holders will be rewarded handsomely over time but macro sentiment is still the main driver unfortunately .
A nice see if blue again, great performance considering the rest of the markets hammering.
Something behind it??
All the buys on the ask and still no movement.
Some buys over 10k yesterday and constant blue, I can’t seem to pinpoint why, 5 blue trades today not on the same scale though.
Irregular buying patterns yesterday and all 4 buys this morning, not the norm for us.
Agreed Mickey, and only a 1.7% increase in SP. Disappointing.
This volume and number of trades can be considered a 'leaky' ship if August update is imminent, however, for a leak detection company, one would have hoped for a 'fix'. Had to be said. lol
Unusually high amount of buys today, seem decent ££ too.
Expecting this to move up before close.
Broker ratings from £8 - £11 pound, double!
Unusually high number of trades today. All at the bid. Interesting behaviour. August trading update according to Craig. Looking forward to that.
Adds 200k to profit but like this statement.
West Covina is a suburb located near Los Angeles. The operation is growing and expected to accelerate its trajectory because of anticipated synergies with neighbouring operations. The Acquisition reinforces the Group's strategy of establishing regional corporate hubs in the US that fuel growth in adjacent corporate and franchise locations. West of the Acquisition territory are several significant franchises stretching from San Diego to Los Angeles. East of the Acquisition territory are existing corporate operations in San Bernardino and Palm Springs. Moreover, West Covina is located close to the Group's manufacturing partners enabling additional oversight as the Group commercializes products during H2 such as Residential Pulse for sewer diagnostics and IntelliDitch for lining concrete water channels.
Looks like that 2 year downtrend jange....as ended..imo
gla
Hi Mickey; sorry I noticed that comment on the last update to, hopefully upwards and onwards from here.
Thanks Craig. This is the quote delivered in the Q1 results:
For 2H 2023 and 2024, we are focused on delivering the benefits of investments made in prior years to reinforce our long-run growth trajectory by: commercialising new technology solutions for our customers; hiring and training more technicians to meet market demand; and completing implementation of the leading customer relationship management system to automate operations, support scaleability and enhance data security.
In delivering on our growth plan, we appreciate the on-going support of our shareholders."
I was told early August by IR so unsure.
“demonstrating value for the investments made” that comment gave me optimism for the next update.
I am long term but probably adding more at this level we’re possible.
I notice there’s the AGM next week. Do you think they’ll issue a trading update?
With the new technicians trained up plus weather conditions in the US then you’d expect to see positive momentum in the business. I also think the CEO talked about demonstrating value for the investments made.
I have this in my portfolio as a growth stock, hoping to see another bullish update in Aug.
Some slight movement north for once, undervalued and price less than half of some broker ratings.
WH Ireland-
'Decent start to the year underpins FY forecasts We view it as creditable that the company succeeded in generating double digit growth and reporting in line with significant growth expectations while investing deeply in the business. We retain our FY23E forecast unchanged and will look to introduce an FY24E forecast at the appropriate time. We note that the ratings are low by historical standards while the business continues to make significant progress, suggesting that there is plenty of upside for the shares as this comes through. '
Nice one Taser.
There is no fund selling out. This is just mirroring the general market trend away from risk.
The fall today (although completely unmerited) is due to RBC cutting its price from £13 to £8 and outperform. The irony being that is nearly double the current price.
This company has a strong and very articulate CEO that understands how to build a company. It may take a while but the sp will return to former levels. The financials support this and even with a two year period of internal investment that should begin to manifest itself in H2.
The accounts are solid. The company is poised for growth.