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Actually, there are plenty shares there to purchase. No probs. And, with the Ask being a favourable differentiation than the bid, it looks like they can’t get rid of em.
Well, I actually purchase another 50,000 today at 0.141p per share. It was a gamble thinking that the bottom was done. But hey, mug that I am, good money chasing bad. I know I shouldn’t have pressed that buy button but I did. 😡
Nothing new here….
Just some short term volatility in share price. Very few shares in circulation so MMs maybe shaking it up to fill order
New 12 month low.
This is becoming one of those fake AIM companies. Always fantastic RNS’s and ever declining SP’s.
Yep. We should be used to it but instead I’m p155ed off with it.
Any thoughts, HedgeHogarth?
We should be used to it by now but it’s still very frustrating
This is fun!
I think the fact that they are making money in this environment still says a hell of a lot, using it for things like reconfiguring the O2 to make it more profitable makes total sense
Yep. its been sub 14p before. this is proving to be quite a disappointment!
I was just looking at the google price... not seen it sub 14p before, not for a few years anyway
Cheapest I can buy is 14.44p
Aaand Sub 14p, surely at some point the seller will run out of shares
Happy Easter!
Another perfect location 3 shops = 1 Escape Hunt
https://www.glasgowtimes.co.uk/news/scottish-news/24195561.huge-escape-room-approved-open-glasgow-st-enoch-centre/
A cold bank holiday weekend should help with the daytime trade, be nice to get some good income before the slower summer season begins
And you Newboy
I see that we swa 5.5m shares traded in three big lumps today - that equates to c3% of the business so we could see an RNS next week regarding a change in major holding
It is the volume we have seen in a day since Jun 2022 - which is pretty significant in my book.
A seller needs a buyer and vice-versa - so seeing a such large volume going through at 14p is a good thing .This traded at 32p 2 years ago (with a mCAP) of £55m-£60m - since then the company have acheived everything it said it would in terms of venues, top line growth and EBITDA.
I genuinely think we've seen the bottom and this is only going one direction now.
GLA
Love your optimism Hedge!
Enjoy the bank holiday, at least we get 4 days without the SP dropping! :)
Don't anyone want these shares then?
Because of his holding - he would have to notify the market if he was selling or buying - no RNS
Big trade gone through today!
Something is happening behind the scens - I am 100% convinced. and 95% it is something that will prove good for shareholders
And if he is trying to get out in the current low volume, that would explain a lot..
Another 100k goes through around the mid price .
I'm not sure how to see all the traders over the last few months but I reckon I have seen at least 20 big trades go through around the mid price.
Either someone is accumlating through a broker - or these are relating to spread bets
We know that John Story has almost 5% of the compnay in spread bets - I wonder if related?
I've been a bit moany lately but I just topped up based on the presentation. Lots to be really positive about, except the SP which hopefully will turn around when the economy does.
Completely agree with that hedge.
I’d also add the increase in national living wage may increase revenue as their target market may have more available spend for leisure.
Sounds like crux asset management are suggesting it should be a lot higher… https://youtu.be/jJtZlE_XWXs?si=fmYzHYfk3zgvARs3
Strong update from the CFO and CEO - they shared a compelling update on how the copnay is performing.
Nice waterfall showing the coponents of thier 98% revenue growth in FY23.; many opportunities to maintain the growth were discussed (Further optimisation of current venues, Create additional capacity in existing venues, New Venues, Price Increases, Further International expansion). They also talked about a 6mth payback on most investments they make into existing venues.
So many smart moves that will continue to benefit the compnay or start to benefit in 2024.
1. When they convert a franchise into an owner operated, not only are they materially increasing the ongoing profitability - they strike a very compelling deal which usually means its cash neutral. (They pay for it from ongoing cashflows and explains the small amount of debt they have)
2. ROI and Payback is strong on new venues (dur to landlord contributions) but they are also seeing the same ROI and payback on other investment opportunities - so they have lots of options
3. They absorbed the utilities costs in 2023 - they expect a significant benefit in 2024
4. They absorbed wage increases in 2023 - without having to put prices up. At the same time they also increased the profitability at the same time.
5. The upcoming increase in National wage increase will work out to be less than 3% Gross Margin. They are confident though that the work they have done to negotiate rates and the utlities savings will still allow them to absorb the wage increase AND still grow margin % WITHOUT having to increase prices.
These guys are highly professional and doing a fantastic job - a very exciting time to be invested and will add more this year when i can
(Nice to hear that they firmly believe their stock price is MATERIALLY undervalueing the business - they would consier buy backs, but with the strong ROI they beleive (as do I) that more long term value created from grwoing the business withtheir cash)
You missed an important point about haveing "negative working capital"
Most customer pay upfront, they carry very little stock (2-3 days of drink)
Yet they may most of their bills in arrears (cleaning)
So as the grow - the negative working capital will increase in line and generate additioanl cash
Had a listen & doesn’t sound too bad.
They talk about cash generation & how they benefit from rent free period for higher cash flow … so as sites mature and the big chunk of new sites go beyond this point then this will mean less impressive cash generation all-be-it still positive…. But they talked about taking on debt to fund faster expansion as an option.