Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Expecting / hoping for a positive RNS released next week ahead of the Interims to kick start the SP. It feels like it is now or never given the supportive regulatory changes and market awareness of DMS.
I also topped up this morning, with the recent additional funds and the new product still on schedule to launch in Q1 (just) I am positive on this shares outlook.
Any one have a view on what is driving the drop today, are there any rumours of a delay in the release date beyond Q1?
So many pump and dump merchants out there, please everyone do your own research and make your investment judgements based on the available facts not the nonsense being posted by a select few.
Is this rise being driven by some knowledge that the cash has been finally paid? RNS on its way?
With all hopes pinned on the new offering it is good to know that it remains on track for delivery by the end of Q1.
Overall I am positive about the performance so far this week, SEE have as planned launched Gen 3 and have followed this up with confirmation of some initial orders.
There is always room for improvement but to me hitting the deadline and announcing firm orders is excellent news with my expectation being that further orders will be announced following this weeks demos in Vegas.
I wish I had your confidence on this one, lets hope you are right. Time will tell.
It will also allow management to focus more time on growing / improving the core business without the distractions of the disposal programme.
Great to see that this has been settled in full, removes an element of uncertainty for the SP
A really positive interview in which I thought Ian came across well, he clearly has a good understanding of the vast
market opportunities for the new product.
As I said yesterday definitely think that this is worth a small punt on a turnaround, but as always only put in what you can afford to lose as it is a high risk investment
Spent the cost of a family meal out and added 750,000 shares this morning as a punt on this not going into admin. and being turned around. Time will tell and feels like a casino bet but I like a gamble....
We could look on the positive side and assume that he would of only have taken the role after doing his own due diligence on the future of Echo and been happy that it is a turnaround opportunity.
We can only hope......
I would agree, as a simple calc. assuming you have 10,000 shares in Star they would be currently worth £700 @ 7p at todays increased price.
Under the proposal you would receive:
GGP: 10,000 x 1.33 = 13,300 shares at 7.4p worth £984
Ariana: 10,000 x 0.199 = 1,990 shares at 2.1p worth £42
Total value £1,026 plus the potential of a share in any cash left after expenses
May therefore make sense to vote in favour rather than selling now
My read of the Balance Sheet ending 31/12/22 is a net liability of £48.4m, therefore a fire sale would likely result in a nil value for S/H's and with insufficient funds to pay creditors. The lower limit based on your scenario would therefore be £0.
I don't however expect a fire sale, but there is always a considerable risk of holding AIM stocks that the company may not survive with S/H's losing all their investment.
The travel business has been a non core business flagged to be sold as part of the strategic review for a long time, therefore the sale is not a reaction to any recent events or a desperate move.
I was disappointed with the H1 results, particularly around FCF and thought that the debt would have been less, however I do believe that the share will recover to the mid 20's in the short term and hopefully drive forward with more positive full year 2023 results in 2024.
This is not a good sign given that they currently hold c 20% of the company. Lets hope it is just an adjustment and not a full scale reduction.
Still time for a late afternoon rally
I don't think that they will be announcing a dividend payment relating to H1 2023 tomorrow, but hopefully they will provide a bullish statement about dividends commencing in 2024.