Member Info for Appiamma

Going by the very positive half year statement we seem to be on course for revenue in the region of 40 to £50m? The impressive order book statement suggests that this organic growth is likely to continue as does the proposed expansion into Europe . The the refocusing of the business, the off-loading of the loss-making part of the business, the reduction of overheads and hopefully increased oversight with more efficient working practices will lead to better margins and increased profit. There was also mention of acquisitions to compliment the organic growth - all well and good if it is strategic, relevant and enhances existing operations. At this point investors need to take a view on whether they think the BoD are being overly optimistic/bullish and if they think they are going to achieve the goals they have set for themselves. The incentive option package would again seem to suggest a level of confidence for success; as do the director buys. I'm of the opinion, fwiw, that we have always had a sound, well respected company. A company that is excellently positioned to exploit a sector with huge growth and potential. The last CEO nearly ruined the company by adding a few rotten apples to the barrel, losing direction and generally behaving irresponsibly. I'm gambling now that the new BoD can steer us back on course so we can quickly regain that wasted time and lost ground. So the choice is simple - you either believe the new story or not - invest/hold - don't invest/sell - act don't talk. No amount of whining over past events or agenda driven BS is going to change anything - in the end the figures will speak for themselves. One indisputable fact is that things are looking far brighter now than they were a few months ago and I'm optimistic that the EOY figures will add further evidence to support this positive direction we appear to be moving. GLA

There was a report produced in the US in May last year that addressed the global growth in smart buildings: http://www.prnewswire.co.uk/news-releases/smart-building-market-worth-363987-million-by-2020-505485681.html The full report costs money but from the abstract we have: 'It is expected that the global smart building market will grow from $7260.0 Million in 2015 to $36398.7 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 38.0%. In the current scenario, Europe is expected to be the biggest market on the basis of adoptions of building technology and APAC is estimated to be the fastest-growing region with a CAGR of 47.8% in this market.' We have a great opportunity to take advantage of this huge expansion. You only have to see the massive construction programmes going on in London alone - residential tower blocks, new office blocks going up all over the place, and we are already looking at opportunities in Europe. This is still a nascent market so I see no reason why the next 5 years wont bring massive growth for COMS too; recent director buys would seem to indicate that the board think so too.

They've been winning contracts for many months and from what I've heard from the coalface they are extremely busy and things are looking even more positive for 2016. Redstone have never had a problem - they are a fine company and always were a fine company - however they were nearly dragged under by mismanagement and that legacy is now clearing and we are seeing the results of that. It's not necessary to have hype about contract wins - that was DBs forte - I'm certain the figures will speak for themselves in time now they have a firm hold on the tiller once more and costs kept under control. This may well pull back from here but the long view looks far more positive now Crazy Horse has left the reservation

Where does it state that the investors objective is to achieve that? The only part of the RNS concerning that valuation and ambition I believe refers to MXC's retainer - unless I'm reading it wrong. There also appears to be a typo there too: 'As an ancillary but integral part of the Subscription, MXCCM has been appointed, conditional on Completion, as financial advisor to assist in identifying, evaluating and, together with the Company's other professional advisers, executing potential acquisition opportunities. MXCCM will be paid an annual retainer fee of £30,000 increasing to £50,000 on the earlier of the Company completing its second acquisition and it achieving a market capitalization of more than £30,000,000 for 10 consecutive business days.' Surely it should read as below or it doesn't make sense: MXCCM will be paid an annual retainer fee of £30,000 increasing to £50,000 on the earlier of the Company completing its second acquisition OR it achieving a market capitalization of more than £30,000,000 for 10 consecutive business days.' Also I'm intrigued to know how the warrants will work as it seems MXC have the ability exercise warrants endlessly though never exceeding 5% of the issued share cap. A license to print money as it were - but of course that depends on the company doing well. Another point of issue is that - although MXC are indicated has subscribing to slightly more shares than Henderson and Euroblue is shows them holding a smaller percentage - another typo I guess. There is nothing there to indicate that either Henderson or Euroblue or the others wont profit take from the off - it would have been good to have seen that condition written in. Hendersons certainly have a history of this. Just seems like a mates rates job to to me. I see this as another MXC vehicle and it will definitely be them pulling the strings here. They are a clever bunch so I'm sure this will be something someday, but after the fundraise it will just be a cash shell with 5m quid and IMO definitely not worth 30m. Nevertheless good luck to all who have taken the plunge, personally I will wait till after the fundraise to make a decision

Yes - If it follows a similar scenario to CTP then you suspect fellow subscribers such as Euroblue - but particularly Hendersons will be offloading at any sniff of a profit. It suppressed the SP there for sometime when Hendersons dumped there entire holding before CTP went on the acquisition spree. Watching brief for me here for the time being.

Thought about it but I liked MXC's price better than I could get - 1.22p appears to be a good investment already.

Seems odd that they announce the extent of their involvement here before ECV has said anything on the matter http://www.investegate.co.uk/mxc-capital-limited/rns/investment-in-ecv/201512010800094589H/

Redstone was always the heart of the business - of that I've never had a doubt. Not only did DB not invest much time in them he was bleeding them to support his pie in the sky dreams. They have been solidly gaining contracts all this time and I'm lead to believe they are just getting busier and busier. With the right people at the helm, their solid reputation in the sector and with the market of intelligent buildings still really in its infancy the company has a great opportunity to take advantage. Starting to look better here GLA

This may be the answer to your question. http://www.telegraph.co.uk/finance/personalfinance/investing/10876356/Hedge-fund-shorts-Saga-shares-as-losses-mount-for-thousands-of-small-investors.html There is an anti short selling petition on the UK gov epetition site if you disagree with this type of trading