Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Negative thoughts?. I only ever have positive thoughts until I lose money:). But joking aside I agree, a director stumping up that kind of cash must be feeling very positive about the prospects. No pun intended.
@Culpepper. "As a punt on a miner, doesn’t seem a bad one."
Agreed that's why I have a few shares. Did buy in the mistaken belief their probably would not be a placing (for a good while at least) but here we are. My error of judgement.
@PaulFG. I would not call that cynical but even if it was its pretty much impossible to be too cynical with AIM. It seems that a company (especially a mining company) is never 'fully funded', there is always the possibility for a bit more money to be spent 'optimizing projects'. The reception to all this seems pretty favorable so I guess there is a lot of faith in the company from larger investors. Being something of a cynic myself I still see this as something of a dilution although not presently a damaging one!.
Obviously i refer to the race to profitability before running out of cash. i can see how the initial response might be a little underwhelming (shares down around 5% at this time). Although there are improvements in sales and revenue they are not exactly breathtaking and despite a 10% reduction in costs they are still pretty high as is the subsequent loss. The tax credit hit of (was it 2m?) is a further blow although obviously outside the companies control. The not very well disguised elephant in the room of another placing before profitability will continue to weigh as nothing in the RNS reassures against this (or more specifically does not reassure me).
This is so close as the technology obviously works and is being successfully adopted. On a very personal level (DYOR) I see no particular reason to bail out of my small speculative holding at the moment.
Early launch of the UltraSlim in the EU has to be good news. 2025 is not so far away now. Lets hope the cost of the launch, training and familiarisation is not too onerous. Still the launch should eventually translate to sales, income and eventually profit. Hopefully!!. Fairly muted response share price wise and some of the larger 'unknown trades' could well be sells but that's a guess to be honest.
Yep. Realistically the improvement in sales is encouraging but certainly not explosive. Getting more users is clearly critical but if achieved will be reflected in significant increases in consumable sales. I'm idly wondering without having a clue to the answer whether the ability to supply the consumables might be an issue if the products really take off. Personally, overall I'm quite encouraged if for no other reason than there have been no real negatives in the medical outcomes. Quite the opposite so far. ALL IMHO obviously!.
I agree that LTIP should be paid out of profit not by issuing more shares. Whilst going down the share route is fine if the issue is a fraction of 1% this is a not insignificant dilution. It neatly sums up the profligate issuance of shares prevalent on AIM where significant numbers are issued like confetti. Not over happy with the scale of this myself. It tends to put the recipients in a cant really lose but can win big situation.
I guess if the share price trebles and the payout would equate to over 10m we would still be pretty happy., if it falls its a dilution used to supplement already impressive salaries. If we assume 300 employees for simplicity I believe its around 12 thousand (£) each although I suspect heavily biased towards management in reality. Any employee share scheme I have ever participated in in the real world involved me paying for the shares myself albeit at a discount. Which you would happily do if you believed in the company prospects.
@GracieP. Thank you for the information in your post and good luck with your other investments should you not dip your toe in the Creo water :).
Another good news RNS and as I've mentioned I really hope from a humane perspectives that the products continue to give good outcomes to those that require this surgery. From a business perspective I'm slightly concerned that no matter how good the product are the training barriers involved may continue to slow the path to profit. Lets hope once those trained are passing the knowledge on others things start to cascade in a positive way. Very interesting potted history Theorist, lets hope some lessons have been learnt!.
Unexpected share issues are the bane of AIM stocks and it is surprising how often you don't see them coming. Its a fact of life that share issues on AIM are seen as a cash machine to get a company to profitability. As long as that profitability arrives its not quite so bad but its hard to judge the odds of this as most RNS are full of smoke and mirrors unfortunately. Whilst it would be rather wonderful if Intuitive or anyone else showed interest its unlikely in my personal opinions. Unless the technology is fantastic its cheaper for any interested party to wait and see if the company fails to secure enough funding to win the race and pick up the pieces out of administration where the debts are written off. Should the company win the race to profitability the picture is changed considerably.
That's brilliant both of you many thanks!. Just gives me a bit of context as to how things might go (all things being well of course) just to get back to where the MCAP was historically. I bought in around the 30p mark so no champagne corks yet but maybe the odd beer or two on the back of things so far :).
The crowd go wild!. Or are quietly county their cash. I wonder can any of the long term holders tell me very roughly what the MCAP of the company was back in (say) March '22 when the share price was around £2.20?. Whilst its easy enough to look up a historical share price the issuing of shares on AIM stocks mean historical MCAPS are more difficult to work out. A best guess ballpark would be fine or even a best (educated) guess at the highest ever MCAP so far?.
Cheers
David. With respect to time scale. No idea in all honesty,I would guess months rather than weeks or years. The NICE website does mention 39weeks for technological appraisal process. Seems an odd number and is probably an average. The outcome is obviously very important either way. Good luck with your investment!.
Sorry my wording was bad in my post. I was referring to a couple of £10k share buys which is pretty chunky as volumes are pretty thin. But I agree the ongoing revenue from sales from hospitals embracing the devices is encouraging.
Another useful link-thank you. Nice to see the last raise confidently referred to as 'final', although it risks something of a credibility issue should this not prove to be the case.
@Faicj -Welcome and GL I hope you make lots of money :).
Potash was a good bet for me and the value of potash increased when fertilisers became short. There was just one tiny tiny problem which was the plant to process the extraction did not work as designed. The big lenders had first call on the considerable infrastructure that has been built (after several placings etc.) so I guess it was a no brainer to them to turn off the financial taps and let the company fail. I have to agree that Australian CEO's seem to have more than their fair share of bad luck shall we say :).
At least here we have products already for sale and we just have to hope for further sales and successful use of the products. I should have learnt some time ago from my experience with gold miners, the only ones who have earnt me a bit of profit are ones that were already producing before I bought in (as opposed to being a hopeful hole in the ground). Mind you I mustn't get too enthusiastic or Ill end up buying some more CREO when I get some 'spare' cash.
Troajan
Yes it’s odd. Mind you when it was clear that my last AIM investment was going to go under quite a few obvious rampers appeared which pretty disappointing. Another one I had and sold was a miner endlessly waiting for a licence, I did not post on that board but sometimes check in and the same people are there years later still waiting for the licence. Very civilised around here though!.
Gl yourself