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I agree - as long as there is evidence that the sales effort is underway and the pipeline is starting to build then we are in good shape. We could be pleasantly surprised too...
Ouch! Good revenue number but very curious about the write downs which seems to have clouded the view.
The quietest bb on LSE? Reasonable annual report with some good progress on revenue growth although costs are not far behind in terms of growth either. Will hold (in @ 60p) as long as growth in sites and revenues continue.
Looks like The Small Cap File got it right. '...profit will be very much lower (we think in the range of £250-350k as opposed to £1.4m for the corresponding period in 2013)...The company also looks like it will continue to pay a reasonable dividend given the cash on hand. All this is therefore pointing towards a reappraisal of what is a sound business with excellent future prospects as oil companies begin to appreciate the benefits of using what is highly accurate and telling data...providing ample opportunity for investors to buy into a profitable and growing business at a reduced price.'
Top up time. Bad news was already out there so today's drop is a buying opportunity.
Flat profit, challenging outlook, increased costs in the pipeline for sales revamp, office move etc. I have held this for a number of years and have seen through some tough times. A P/E of 15 or thereabouts, especially for a retail business in a very tough sector, is fair and thus so is a 410-420p price. Cannot see it going much further unless there is a big uptick in online revenues later on in the year.
http://www.thesmallcapfile.co.uk/utmeleven-for-2014/. Looks like DTG has done well for them so far showing 17% rise.
Looks like an institutional investor shipping out some stock. Could be Invesco reducing their stake now that Neil Woodford has gone walkabout.
IDEA was recommended here late last year - http://www.thesmallcapfile.co.uk/utmeleven-for-2014/. Good to see that it is starting to get noticed.
...in the first place. 40%+ drop too harsh in my view. Good to see price in recovery mode, no doubt helped by rise in oil price courtesy of Putin and his merry men.
Could do with some buys this week to hit 7p+. Saw this over the weekend - http://www.thesmallcapfile.co.uk/performance-table/ so must have been recommended.
Has touched 32p. News?
Good to see at last. Found this http://www.thesmallcapfile.co.uk/utmeleven-for-2014/ Cites TRX as a 'banker bet'.
Market hates surprises and a blip in revenue generation is all it takes although, as I mentioned in my previous post, the company should have given a steer in the last set of results that moving their sales focus down a notch into the mid-tier business level could have an impact on lead times and revenue recognition and thus interim performance. I have no doubts about the long term prospects but it is annoying that they did not anticipate this as a possible outcome and given fair guidance last year. The market has given the firm a slap and rightly so. Thankfully, I am in at 32p so still sitting pretty.
This is what happens when you start chasing business from smaller companies - you end up spending more time and money chasing and they end up spending more time prevaricating ie lead times get longer. Getech should have anticipated this once they had signed up the big boys. Not impressed but not selling either as prospects overall remain positive IMO.
Imo it will be GTC as there is a provable growth in revenue, profits and dividend with increasing contract numbers. WSG is gaining momentum but until that big contract from deepest Africa comes in then £1 could be some way off yet.
Yes, very good results indeed and a good hike in divi too.
In at 26p so good to see that price is rising on continuing turn-around strategy.
Back towards £2....
Good volumes following director sells last week.