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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.
Based on last year the results are due circa mid Sept. Hopeful that there is a whiff of some major contract wins to be announced behind this sudden volume and SP increase.
If they are in line with forecasts after factoring in cyber costs I would expect that this will return to the 35p to 38p range seen after the 2022 FY results. If there is better news probably more like mid 40's.
Agree, something must be driving the sudden volume spike and SP jump. RNS on its way?
A value will be included at an appropriate level in the business for transactional revenue forecasts, but as there is no guaranteed revenue i.e. it is transactional under IFRS15 rules it will not have a value for the reported order book metric.
Really positive to see that the legal case has been resolved and there is still c£8m in cash, so cash neutral over H2.
Good movement in the SP today but there is a lot of ground to recover.
If the article had indicated that he had spent £380k on 6.8m shares in SEE so far this year, that would have been correct. Despite the article being factually flawed, the message is correct in that as an insider he must genuinely believe in the future potential of the business to personally invest such a significant sum in such a short period.
Hopefully he will be proven correct.
I am expecting revenue to have grown, but movement in margin will be interesting as the cyber issue will have cost a lot to manage / resolve and also there will be costs associated with reducing the risk going forwards.
Hoping for positive overall results that show that the business is growing and that the cyber incident hasn't derailed the strategy of reducing debt and growing margin.
Timing is everything, I was clearly a little slow off the blocks with my previous comment.
At first glance the RNS looks ok, but at the moment trying to better understand the dilution implications
Given the high volume and plummeting SP expecting an RNS imminently with bad news around a huge dilution or failed development. My money is on a huge dilution to fund the next stage.
Can't believe people are talking a value of 40p, if (a big if) this business survives current ord. shareholders will be the very last on the list to see any benefit. I have mentally written off any value, it is extremely disappointing, but this incompetent BoD have done an awful job, which is becoming ever clearer by each RNS released.....
Clearly there will be no value to shareholders now whatever the outcome e.g. asset sale, massive dilution, loan with onerous conditions, bankruptcy. It is very disappointing as I invested a sizable amount in good faith based on the data being shared by the company.
Definitely sanctions required against the BOD, but probably they will walk away having pocketed a decent salary for the last few years.
Agree there appears to be a gradual uplift in sentiment / SP price as investors start to have this share back on their radar following a number of years of the company struggling to perform. If there are some good solid results announced in line with expectations in March I would see this recovering to 50p+
Next week is the official end of summer in the UK I believe, but the radio silence is very concerning.......
Superb news on the Barnet win, up to £57m contract win with a background of the council swinging from conservative to labour in the May elections. Outsourcing is generally against Labour ideology so the offering must have been exceptional to win through.
Great work Capita.
Lets assume that this latest announcement means around the end of Sept 2022, that is not long to wait if true. The fund raise above market rate and the fact that directors are taking shares instead of fees does give me some more hope that they will finally deliver.....
Couldn't stand it any longer had to filter this guy again having removed the it recently, talks just utter rubbish
Good to see that they are still sticking to the latest timeline " Continue to expect a fully operational LIGHT system operating at 230 MeV during summer 2022". With only c 2 months to go lets hope that they finally deliver rather than finding another excuse for a further delay