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On 8th January 2016, Roger John Barby invested £316,593.46 in Octagonal, acquiring 31,659,346 ordinary Shares representing 5.65% of the Company's issued share capital.
Martin Davison, a director of the Company, has acquired a total of 10,765,000 ordinary shares in Octagonal between 21st December 2015 and 11th January 2016, at a cost of £103,017.50: Date Price Number of Shares 11-Jan-16 1.2p 3,000,000 08-Jan-16 0.95p 265,000 24-Dec-15 0.90p 2,500,000 23-Dec-15 0.90p 1,500,000 22-Dec-15 0.85p 1,000,000 21-Dec-15 0.80p 2,500,000 This equates to 1.92% of the Company's issued share capital.
In reference to the most recent rns, GIS updated investors with the financial results for the quarter ending June. It was stated, 'The Company, although it does not intend to report quarterly going forward, has taken this opportunity to update the market given Octagonal's recent acquisition of GIS'. Some will interpret this as no more quarterly trading updates. Some will interpret this as no more financial quarterly trading updates. This was the first time that GIS had released quarterly financials, perhaps doing so to appease investors following the recent rto. So are we, or are we not to expect a Sept quarter trading performance update? Over to OCT. Off topic I know, but, I am not sure that England intended to get whacked by the Aussies...
For the quarter ending June 2015, net operating profit was £534,000, with total transactions exceeding 30,000, that's a 50.3% increase for the same quarter in the previous year. I estimate 22545 transactions for the quarter ending Sept 2015, based on the 15000 transactions for the same quarter in the previous year, giving a net operating profit of just over £400,000. So that's a net operating profit of roughly £934,000 for 6 months. Financial markets have been volatile recently. Could this mean even more transactions have taken place? I wonder how much GIS put their prices up back in April...
Oh dear, busted again, this time for not answering using the correct account (manuka). You couldn't write it.
Silly me, I thought it was agenda... You must be at least in your 60's now?
The last rns landed at 8:30am. For all we know, the next one could be released at 11:52am...
For the quarter ending June 2015, operating profit was £534,000, with total transactions exceeding 30,000. In the previous year, the following transaction numbers were announced: Qtr Ending June 2014: 20,000 Qtr Ending Sept 2014: 15,000 Qtr Ending Dec 2014: 17,700 Qtr Ending Mar 2015: 23,000 As a proportion of total transactions (75700) for the previous year: Qtr Ending June 2014: 26.4% Qtr Ending Sept 2014: 19.8% Qtr Ending Dec 2014: 23.4% Qtr Ending Mar 2015: 30.4% For the 1st Quarter to June 30th 2015, there was a 50.3% increase in total settled transactions compared to the same quarter in 2014. Would it therefore be reasonable to suggest that if growth remained at 50.3 for the remainder of this year, that Operating Profits could be as follows?: Qtr Ending June 2014: £534,000 Qtr Ending Sept 2014: £400,500 Qtr Ending Dec 2014: £472,590 Qtr Ending Mar 2015: £614,100 Giving a year end Operating Profit of £2,021,190. Mayfair mentioned previously that these figures do not take into account growth, but it can be good on occasions to understate potential.
Now that the dementia kid has been busted, lets look at some OCT facts: OCT unexpectedly updated the market on 27th July 2015 with financial results for the quarter ending 30th June: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12439250.html Within, it was stipulated that the turnover of £1,340,000 generated net operating profit for the quarter ending 30th June of £534,000, with total transactions exceeding 30,000. Based on these figures, GIS has turnover of roughly £44.66 and net operating profit of roughly £17.80 per transaction. That's a decent margin don't you think?
When manuka speaks, we should all listen, remember this lad has bought shares in public companies for over 40 years. manuka blessed us with more words of wisdom on 20 Jan this year, 'This is a long term buy, not a trade, just relax it will be good!'.
Mayfair21, I agree with the geometric progression. I intentionally left out growth to understate the operating profit, which should then over deliver. Plus, it should indicate that I am not here to ramp, but have a genuine discussion regarding the company. Myfairlady, I agree with the comments made by Slickharry. The figures that I have shown in previous posts have been derived from format used by JG in the rns releases. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12407009.html Mayfair21, Myfairlady, Slickharry. It is a pleasure to have some decent discussion on here for a change.
OCT unexpectedly updated the market on 27th July 2015 with financial results for the quarter ending 30th June: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12439250.html Within, it was stipulated that the operating profit for the quarter ending 30th June was £534,000. Based on this figure, it would take 14 quarters, or 3.5 years, to accumulate operating profits to the value of the current market capitalisation of OCT, which is £7.56m.
OCT unexpectedly updated the market on 27th July 2015 with financial results for the quarter ending 30th June: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12439250.html OCT updated the market on 6th July 2015 with performance data for the quarter ending 30th June: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12414671.html Half way into the following quarter is approaching, which ends 30th September 2015.
You were giving DLs choc starfish a serious tonguing on twitter for quite a while. Then a new agenda...
The resident judge has unofficially banned any hint of positivity, so lets all focus on the negatives. Operating profit for the quarter ending 30 June was £534,000, unfortunately this is less than £535,000. If we project this for the remainder of the year, operating profit should exceed £2,000,000. This is poor because although more than 25% of the current market cap, it could have been more.
When it is bedtime, I snuggle up to the wife :-)
;-)
Dougal I am very much looking forward to what happens next
Further to my estimation of a year end Operating Profit of £2,021,190, this was based on the assumption that growth remained at 50.3 for the remainder of this year. The trend would suggest however that growth will continue northwards.
A further 3 days of operations and that is the month of July done. Based on my calculations in thread 'Operating Profit Year End Mar 2016', I would estimate that another £133,500 in Operating Profit will have been added to the stockpile.