Member Info for Avalueinvestor

Yes, it might even be considered careless to lose CEO, FD and CEO in a two year period. However, I still view as one of my favourites with a huge story ahead of it.

It's very welcome to see a bit of life in the share price trend !

Danger_Mouse - interesting points which stack up - ty

Danger_mouse - agree in principle, but the buy backs are very small numbers and probably not taking advantage of the current terrific opportunity to buy such value in my view. At the current price I would like to see them buying back substantially more. In the first 5 days buy backs cost less than £200k per day or a £million aggregate. That's not very much compared to market cap and would take till October or November to use up the full authority to purchase in the market for 2026 at the current price and rate.

I agree with the sentiments of it being undervalued. I also think that after many years of not paying a dividend, the board has now paid two quarterly dividends and committed to dividends figuring in capital allocation, yhere much be a high degree of comfort amongst board members of sustainable fcf.

Maybe it will be the making of the European 'project' ?

Today's RNS seems to suggest that the Board has been too busy to review the cause of the financial deterioration and the extent to which governance conventions may have been ignored or dismissed. It seems highly unimpressive to tell your shareholders this.

My broker (AJB) tells me in writing on enquiry that asset match orders are being taken now and the admission price after a 91% dilution re a convertible loan note of £17.5M was ....one tenth of one penny. My very small holding would barely cover a dealer commission. Empathy for those worse off.

As usual, an open, honest and very positive commentary to go alongside today's RNS.

Emphasis on Q1 having been good and the Board anticipating £18M pre tax profits in 2026.

Yep, might be right there Couerdelion - still small intrinsic values, though large %.

There are lies, damned lies and statistics....

This link at Companies House show Gen IP plc reported sales of US$123,015 in the year to Dec 24.

https://find-and-update.company-information.service.gov.uk/company/15517400/filing-history

So, if revenue for the year to Dec 25 has increased 330% that is US$406,000.

In 2024, the cost of sales was US$107,857 and that the gross margin was 12.3%. In today's RNS we are told that the margin has improved 150%, so perhaps that is to 18.5% (of US$406,000), which might be US$75,041.

These are really small numbers, but they are increasing at least.

There isn't sufficient comparable information on losses, margin, non-exceptional listing and running costs to draw many other conclusions about performance improvement across the two years at this stage in my view.

As at end of Dec 24, the business had US$972k and that must surely have been significantly burned through.

A good set of results in the RNS, with higher dividend and special dividend, plenty of cash on the balance sheet and cautious expansion planed. Solid management IMO.

Gamma is a relatively biggish holding for me and I was pleased to see the forward guidance on dividends and buy backs today. A Board's job is to set the strategy from amongst those possibilities recommended for consideration by the Execs, which they have now done in respect of some capital allocation. I'll be glad if they can scoop up many millions of pounds worth of shares below £10 each.

I wonder if the Board might have viewed taking 3.3% of the share capital out of the market as a decent way to return some value to shareholders - especially when sufficient cash is in the bank.... Any views ?

Agree Burg. The fundamentals look very good value.

One would hope a breakout year for the share price based on a considerable improvement in performance (though the share price has done well in 2025 already).

I can't say - I'm not looking. The FCA is. It would be quite unusual for the FCA to look and find nothing.

Bearing in mind that in all likelihood not all the bad news is yet out and the dividend has been reduced, temporary CEO in place, various reviews underway and company culture must be at a very low ebb, for me the share price would need to be around £4 before I would be tempted on the basis of fair value.

Q1 results were out a month ago and looked encouraging, with a Q1 dividend confirmed.

Adastra, you are the only person to post on this company in the last 25 weeks (other than when I responded a couple of times). Thanks for your research and curiosity - although very few shares changing hands, there finally does seem to be some interest.

Full year results on 18th will be illuminating.