Member Info for Black-Knight7

Probably buying a new racing bike and also getting ahead of the Chancellors budget at the end of October. Well earned in my opinion.

£20m hit for plant closure today

• Belvoir used to pay 50% of their full year dividend at the half year whereas TPFG only pay 33%. So, the dividend for the full year should be 18p.

• They only acquired the Licensing division on 31 May 24 so there is only 1 month of trading in the half year’s results. Licensing was 18% of revenue in June 24. It has 1,030 outlets including 65 overseas so it does not need rapid growth as it already has scale.

The inability to capitalise on the Grenfell tradegy and gain market advatnage is stagering

• Less than 1 year of cash runway based on free cash flow trend (-UK£1.4m free cash flow).

• Earnings have declined by 18% per year over the past 5 years.

• Shareholders have been substantially diluted in the past year (50% increase in shares outstanding).

• Revenue is less than US$1m (UK£223k revenue, or US$293k).

• Market cap is less than US$10m (UK£1.61m market cap, or US$2.12m).

The modular homes market in the uk is in freefall. L&G lost £100m and i cant see any firm making a profit. it may be if these people can build overseas cheapley they may find a niche.

Turnover up from £175,000 to £278,000

Gross Profit £62,000

Salaries and Directors fees £1million

Pre tax loss £2m. Stunning results. The Gross profit is probably not covering the Directors bar bill!

A really top quality brand to add to the portfoli this is a firm which has really got its act together.

Latest filed accounts are not showing any real improvement looks like they are running down cash and will need a fund raise?

Shares brought by the ceo richard Herbert

Alleged buys are you suggesting they are fake?

The latest accounts look pretty impressive, perhaps thats the reason for all the buys this morning.

Has this much lower to go anyone know? seems like a good investment and am researching the modular build sector which seems quite fragmented. Also this firm seems linked-in to Zenova Group which is also not a shining star, but undervalued investments are always welcome.

What a great move , two very similar operations and a whole lot of duplicate significant costs which can be removed,

If they do have to fund raise in January its going to be a very hard ask with this performance.