Member Info for andrew99

Interesting fact! I tried to buy some at the special offer price of 17p and to qualify via hl you have to do a minimum of £10k and pass their professional investor questionnaire/criteria.

There’s also a nice update on the saietta linkedin page about delivering motor and inverter units to a snowmobile European manufacturer. Looking forward to more concrete details on the Indian vehicles when they are allowed to release details.

Sorry, I was thinking of the second Indian oem they are looking to work with as mentioned in full year results. I am sure it will all be revealed in due course.

Delhi_boy - yep, good clue, worked that one out with your clues. Any telegraph crossword clues for who the second one is?

I fear the worst as it is pre recorded. Good leaders would happily field questions live at the end of a presentation in my experience. I hope it is good news for holders and that net debt is looking ok.

…at 21p

Not a clue how the raise will go, but in case anyone missed it, late reported £71k buy at about 4pm. A small ray of sunshine on a very rainy day.

115,000 just bought, but the buy/sell stays the same. Very strange.

404x - thats a fair point. Point taken. I think I kind of expected it as any additional orders would mean more funding required, but I totally get your point. Lets hope for a good outcome on relisting.

Personally, I think there is nothing scary about this fundraise. They only had £1.2m in September so with such big contracts to complete from now on, it was always going to need a fundraise and I have to think that a lot of this was already partially priced in. I like the way they have clearly stated what has happened month by month which is excellent and makes it easier to understand what they have been doing since the last update. I particular like the progress with a second major OEM in October. The only negative is that we don't know the level of funding required yet, but apart from that, its all good for me. If it drops a little so be it, it should be up longer term and I for one am holding fast and not selling a bean.

I can't believe how much it has dropped. I think this is because of the worries of net debt increasing given no news since the new boss took over. I think end Feb, there was £15.4m cash and debt facility fully drawn. Then the most recent update had debt facility still fully drawn but cash of just £11m. This seems quite a drop and is a bit worrying for me. On the flip side, if they increase their coffers above £15m over the christmas period then there is no real issue whatsoever. I am personally waiting for a trading update and an update on the cash situation before I get in. Having got out at 26-27p or so, I don't mind waiting a bit even if that means missing the bottom wherever that is. When the next trading update comes out, it could fly upwards or plummet, just hard to know which way right now with this silence on trading. Big upside for the brave if it is positive.

What a nice finish. Sets us up for a nice move into the 40s and 50s. Well done to anyone who bought in the low 30s today/yesterday.

Hello NoQuestionMarks and NewKOTB, as a relatively new investor in Serica, I am not familiar with Kistos and you seem to be well versed. I had a quick look at Kistos and they seem to have quite a lot of bonds which takes them into net debt. Can I ask what you think of the Kistos business as a standalone business (imagining we were not serica holders) as they seem to have done loads of acquisitions recently so its quite hard to get a grasp on the business as the figures do not tell the whole story.

Hi Ham123, its the truth. Maximum volume they would take was 10000 this morning in any one go. Please keep the vomit to yourself thank you.

Hi Licolnite, I suspect that because it was not a 7am RNS, there are probably quite a few holders who still don't know about the suspension. I think it has a little further to drop pre suspension and I am defo going to buy back in before suspension. I am not too concerned about the reasons for suspension. Does anyone have a gut feeling how low it will drop? Are we thinking low 30's or high 20's? I bought in this week at 41p and sold for 35-36p this morning. It was really hard to sell this morning - I had to sell in batches.

I recently bailed with the lack of news coming out about the report. Something seemed off. Cash position seems precarious. Reading between the lines, I am thinking that if everything comes off as hoped for, then they will be ok but there are always bumps in the road. I noticed that they have a target date of end of this week. Am I right in saying that if they don't publish then that they go into suspension? I see great things for Saietta but I am going to wait on the sidelines a little longer and see how this plays out first.

Uk gas suddenly jumped - now 106.8

Well, I have gone for a second top up today at 241p for a full position. Feels like a storm in a teacup. Good luck everyone.

Topped up too. Drop does not make sense but that’s often the case with results days.

I bailed a year ago ironically at the same price it is today (with an average of 150p) which was not pleasant. I just lost faith in 2 things - firstly ingenuity (the reason I invested in the first place) and secondly the constant one off costs which seem to be more of a constant cost. If they could give away ingenuity to someone else for zero, then THG is well worth another look. With ingenuity, it just sucks life out of the other parts that seem to have a chance of working. One to keep on the watch list only for me right now.