Member Info for 42trader

Bit of a mixed bag here.

Revenues are up but the profits before tax are level with last year and 1.5% down.
Broker report has kept same targets for fy19 and fy21 but reduced PBT for fy20 by 8%.

"With an encouraging pipeline, particularly in Vicon, Oxford Metrics is well placed to meet
our FY expectations. Adjusting the forecast mix as outlined above results in no change to
our group FY’19 and FY’21 forecasts, but we reduce our FY’20 adj. PBT by 8%. We continue
to believe the group gives investors an excellent mix of growth and cash generation, with
significant balance sheet strength to pursue earnings enhancing acquisitions."

This bounced of support where I had my alert. Sorry, but I can see this dropping to the next level of support around the 600p mark. Better to wait a few weeks and let things settle before anyone tries catching the falling knife.

gla

Nothing we didn't know, but here's todays broker comments.

"Distributor update: Additional payment received (03.06.19)

Further payment received from Starcom's North African distributor as part of the $1.1m contract that was signed in November 2018 for Starcom's Helios Advanced units, together with BIO CAN fuel sensors - the first time Starcom has deployed this technology in a major project.
In January, Starcom announced that it had received an initial payment and that a further payment was required before any shipments of hardware would be made under the contract.
Starcom will now ship the hardware. Once the inspection of the goods has been completed, a further and final sum will be payable (c. 20% of the overall contract value).
No change to forecasts."

Another £200k BOD buy. Ory certainly knows how to average down.

Correct about Woodford, but not sure its good to top up. Woodford has sold just 1% with another 27% left. Got to wonder if more will be sold and whether that will be the catalyst for others to sell.

Yeah, avoid.

Yep looks a good sign today. A higher low than previous with the 250p support holding.

Tower released its FY18 results this morning, which don’t contain any material new information. Management remain confident they can find a financing solution for progressing the high impact drilling campaign in Cameroon, due to commence in July. We don’t make any changes to our model, but reiterate that, assuming Tower can fund NJOM3, we believe the risk reward is extremely compelling.

As already announced, Tower made good progress in 2018, with a CPR carried out by Oilfield International confirming the significant contingent and prospective resources associated with Tower’s Thali block off Cameroon. Financials are not meaningful, but Tower reported a loss before impairment of $1m (2017 -$1.6m) and a YE cash balance of $331k. Management have continued to focus on keeping corporate costs as low as possible. The impairment charge of $2.8m is associated with Zambia, for which we included no value. Tower also announced that Graeme Thomson is retiring from the Board.

Subsequent to year end, Tower raised £1.7m (gross) at a placing price of 1p per share, and agreed an interim financing $750k Bridging Loan Facility. As already known, Tower will need to raise further funds in the next 12 months or agree a farmout etc in order to meet its liabilities, especially the commitment to drill the NJOM3 well. The total net commitment in 2019 is $10.5m, and the net commitment from 2020 onwards is $2.4m. Whilst there can be no guarantee, the Directors are confident they can raise sufficient finance in a timely manner and believe they are now well advanced in raising those funds at the asset level.

Since the year-end, Tower has completed the well engineering, ordered long lead items, secured a rig and selected all the contractors to provide services to the well including the test programme. The Topaz Drilled remains on schedule to move to the site in July. Given Tower’s presence in country and the potential it sees therein, it is continuing to discuss a further potential PSC in Cameroon.

Operator New Age continues to conduct a farm-out process for the Algoa Gamtoos licence (Tower 50%), which has mean prospective resources of 664mmboe associated with five leads and prospects, including a potential 364mmboe Deep Albian structure, analogous to TOTAL’s giant Brulpadda discovery in the Outeniqua Basin Slope.

We make no changes to our NAV of 9.4p, or our PT of 6.5p. Given that we estimate a four well development of Njonji could have an NPV of over $160m net to Tower, with significant further potential upside, we remain with our BUY recommendation.

I remember that program. I think they probably are mostly psychopaths.

Not by far the whole picture, but on IG, there is only between 11-50 people with positions open in STAF. 96% are long. 4% are short.

I’ll read up over the weekend. Almost bought this morning for a punt but held back.

Just posted on rainbow board. It’s risen on back of trade war. Dodgy as fook imo. Considering they were selling at £1800 per tonne but it was costing them £2800 per tonne.

Nice rise here today and 9-10p area could well be the next stop.
IMO this has moved on China/us trade wars so be wary as it could all change tomorrow.
I’m sure I read a while ago that RBW was selling its stuff for £1800 per ton but the cost to them was £2800.

Losses increased on previous year were down to the atrocious failed Triton reverse takeover. Over all I didn’t think the results were bad. They were in line with the broker forecasts so surprised to see the drop today. Still, as mentioned no sight of profit making yet.

Well I suppose receiving shares instead of wages really suggests they believe in the company. As good as a bod buy but potential even greater return for the bod. Well played by them. More companies should do this.

What shorters? There are non listed! Hope it does go up for all holders as it’s not nice to see people lose money. Let’s face it cuddothisnow, you called it wrong and bought at 400p. I called it right saying it would most likely drop to 250p. So you resorted to name calling.

Well, I maybe an idiot, but I'm no fool, and I'm sure you know what they say about fools and money.
You say I have no interest, ofc I do. I may not hold, and I am not shorting this stock, but my interest is in watching and learning.
My only reason for continuing to post now is because quite frankly, I detest rampers like you. Even when you get it wrong, and have probably cost a few people some loss, you still bang on. Talk about self interest.

It's totally up to individual investors what they do with their money. I have not told anyone to sell, hold or buy unlike cuddothisnow who is clearly in this for a quick swing trade. How many people has he fooled into buying at a higher price?

The share price has done a small bounce at this support level, bouncing back to the pivot point area which it was always going to do. It has then gone and created a lower low which suggests it will go lower.

Why dive into such a risking trade, trying to catch a falling knife?

Now I will give some advice. Hold off buying until news comes out and a reverse is confirmed. You won't get the bottom but you will also not get burned.

End of the day, it's your choice what to do. Believe the ramper who has called it wrong enticing investors to buy, or believe someone who spent some time researching and called it right.

At some stage, this share will bounce back, you just don't know at what level but on the plus side, low available amount of shares will make the share price move large amounts, so a bounce could be a good one.

https://youtu.be/tFGs7HP15d4

Did I see you mention some time you live on Skye?