Member Info for bendipa1

LWHL: 'Watching with some interest, nevertheless, and might jump on board at some point. GLA.'

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So you jumped on board within the last few days?

FirstCash will be acquiring HAT at a bargain, at an historic PER of just under 13. In the main market the offer price would have been at a much higher premium.

I agree that most AIM stocks are dangerous and a waste of time, especially since Covid. They are mainly for gamblers only., especially the penny tiddler ones. But HAT was one of the few AIM exceptions that had a stable and good trading record over the years. I was happy to buy them just less than a year ago and hold, just on income grounds alone. So well pleased about today's announcement. But that was just pure luck.

I would have expected TET's sp to have taken a real drubbing from the interims, but strangely they've held up. But both balance sheet and cash flow statements look strong with no debt to worry about, despite the business taking a sizeable hit. So far the company remains self-financing.

TET managed to perform well during Covid and didn't suffer, unlike many other companies. That tells me that the management know what they're doing and exercise good financial controls, so for me this is a hold and hopefully expect some recovery over the next 2 years.

Blank link.

'Insurers paying up. Amazing'.

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It's still going to cost SFR about £20m in their view.

Ie, 'our overall view of testing and remedial costs NET of insurance proceeds is broadly unchanged, at an estimated non-underlying net cost of c.£20m.'

"Your definition of a ‘crash’ and mine are obviously very different*.

Sp has fallen 1/3 in value over 3 year period (42p in April 2022). During the same period the FTSE100 increased from about 7650 to 8600 (12.5% increase). I'd consider that a crash relatively speaking..Duke is a classic high yield trap.

They've had a poor 12 months. YoY - Revenue down about 30%, net profit down about 41%, basic EPS down 43%, cash down about £6m,and borrowings up about £15.8m, partly to fund those div payments. Not surprised the sp is crashing.

All AIM stocks and most small caps have been totally clobbered since Covid , even when results have been decent. I guess EVPL is no exception to that. Just no point in investing in AIM stocks anymore, as you are almost guaranteed to lose money if you hold for more than a few months.

"I'm relieved there were no major unexpected downturns - unlike last year "

Downturn? Turnover - 2023, £220.78m; 2022, £173.94m. EPS - 2023, 48.49p; 2022, 37.15p. Operating Cashflow - 2023, £2.57m; 2022 -£11.02m.

How does that equate to a 'downturn', or am I missing something? tinyurl.com/5n6vppc5

'Can someone enlighten me as to why it's being such a dog? ''

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It's an AIM stock.

"If they continue as they have started, I would not expect them to last a full term."

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Don't be silly. Labour have a massive majority. Of course they're going to last a full term. And who knows where this country will be 4 years on. Maybe we'll have turned a corner by then, which we didn't during the last 14 years of political rot.

AIM companies sure are generally very bad news for a PI.

This does seem like another profits warning, and almost sure to see eps in decline for the 4th year running. The only good news is that finally their debt is coming down, although it's still at an uncomfortably high level. Pretty much everything has gone wrong for Strix since their acquisition of Billi, and perhaps they should be looking to admit their mistake and get rid.

Basically they have no business, and while the climate has been improving generally in the construction sector, it hasn't for WJG. Even if they try to raise cash, who the heck is going to risk putting more money into a company that's almost down and out. The only ray of light is that financially they are not insolvent...yet. But how much longer will that state of affairs last?

I can't see any serious comeback for them.

Quelle surprise! AIM stock tanks.

And one of the minuses is a contract with Thames Water, a company in dire financial straits that could well end up in administration, unless the government steps in with a rescue package.

I don't know what the reason is for the calamitous bloodbath in AIM stocks. With the exception of a tiny few stocks, the vast majority have tahen a battering

Sp certainly looks to have run out of steam. Chart suggests it will head a lot lower, maybe by at least 10%, but we'll see.

Sp certainly looks to have run out of steam. Chart suggests it will head a lot lower, maybe by at least 10%, but we'll see.

I don't think they'll be a government default on state pension payments anytime soon. The method used in the past (1976) when we last had a serious debt crisis was to borrow from the IMF. But if we don't prioritise in bringing down this country's population we will become a 3rd world country. We're seeing worrying signs of this already.

'How can its EPS rise significantly?'

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Normalised EPS has already risen significantly since y/e 2020. Eg, in 2020, eps - 27.95p: in 2023. eps - 72.4p. Likewise with operating profit:- 2020, - £2,280m, 2024, £5,462m, with steady rises through the years for both these and other metrics.

https://tinyurl.com/4dn52vr4