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of future orders muted by customers currently trialling the devices in addition to £2m being delivered by October
Compare NCYT sales to date then factor in TTG’s existing business and it could be huge
The impairments are as a direct result of two specific events outside of Amigos control
The complaint issue is seemingly under control and Amigo have adopted new measures to curtail future issues. There is further work to be done and we await FCA guidance on the credit worthiness test
Both of these one would hope are one off events
The pandemic, loan holidays etc in response to government guidance
After a slow start it’s moving - hurrah!
TEG issued their opening announcement earlier today - interesting price action there
I hold both
on 7th August
We’ll learn what they have planned with the £38m - more investment in fixed wireless is my guess particularly as since Covid people have been moving away from cities looking for less populated, peaceful locations that often have not had technology investment
Interested to listen to the presentation next week and I suspect
you like about the share price once sales are confirmed and revenue starts churning however its the mcap that you need to look at in relation to the sales and expected future earnings
At present 84p GDR is valued at circa £44m
NCYT at £272.50 is valued at £194m
If GDR hit a share price of £3.50 its mcap would be £182m
Jupiter now own Merian Global
In my opinion you’re possibly applying too much logic to this mornings price movement - it opened up in the expectation of an imminent announcement, it was then reported that the official announcement is now expected at lunchtime hence it was shorted down and accumulation appears to be taking place looking at the order book - I expect it to spike on the official Grant Shapps announcement regardless of a long haul flight update