Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
"Ahead of expectations" might be over-egging it, it was more like an "in-line", but I am pleased with the direction of travel.
The newer aspects of the business: the investments, MSALABS, the increased US presence, are all indicators of a future 'ahead of expectations".
CAPD nicely positioning the company for the future.
Yes, it's great to feel that positive momentum again in the ITX share price.
Bizarre really, because it's now back at the last placing price, which should have been the floor. It was ridiculous that the sp ever dropped as low as it did.
But I held my shares and increased my holding by a decent amount, and ITX is now my largest holding.
These are the times when research and patience pays off for us PIs. And I would like to thank all the tireless researchers on this board who kept plugging away even as the share price plummeted. Your input has been most reassuring.
Many PIs engage with the stock market, and do research, using social media platforms like Twitter, so why not spend a little in advertising to get the message out?
Quite a canny move, imo.
It's just a shame they are putting money into the pocket of Elno :(
Odd that the share price has dropped over the past few weeks if Darren Carter bought 3% of the company on the open market...?
But the second RNS today shows Praetura Group have sold out of their 3.5% holding. Darren Carter is most likely the same Darren Carter that is a NED of Peel Hunt and Praetura Group, so it's likely that DC picked up 3% of Praetura's holding.
The other c0.5% were probably either sold to someone who doesn't have to disclose their holding of on the open market.
33p is still is a good bet for the risk-reward on offer here.
Maybe TB is very confident in the business, or wants voting bloc power (to say no more raises?), without breaching 30%.
But whatever reason, it's because he thinks there's money to be made at these levels.
ITX progressing as they forecast, which is great news in these turbulent times. Good to see Europe coming on board too.
Looks like FY23 loss of 1.6m USD, then on course for breakeven FY24 and profitable FY25. Plenty of cash in the bank to see it through v comfortably.
TRX has been unfairly hit by every macro event and nervous PIs pulling their money.
There has been no intrinsic reason why the share price should have dipped back down to 50p recently.
A gem of a share and I'm glad i took the opportunity to add in the 50s.
Even at 70p this is a compelling risk-reward play.
I'm hoping this Petrel sale has been in the works for a little while, and that CMH divulged this to TB at the time of the placing and he was encouraged to participate.
I might be clutching at straws here, but hoping the background to all this is more optimistic than CMH are letting on in their investor relations.
January's Trading Update contains a forecast, in which Ceres are confident that FY2024 will produce double the revenue of FY2023.
Revenue of FY2023 was £21-22m, and doubling that will be £42-44m.
So unless you think CWR will have less than £4m costs for the year, then there's no way they are predicting £40m profit.
But feel free to enlighten me with facts I may have missed.
I'd imagine that the costs for the legacy construction projects will continue to rise, I don't think 7.1m is the last of it, but 3 projects are done and the remainder are getting there, and the rest of the business is doing excellently.
The business is still worth way more than 56p a share, so bidder better come back with at least 100p if they are serious.
Agreed.
There is no doubt in my mind that there will be many people wishing they'd bought in at these prices.
The exact timeframe is harder to predict, the share price and general market conditions are out of TRX's hands, but the company's performance and the numbers will speak for themselves.
20-year stagnation in UK markets is a result of Labour predicted to get into power in 2025?
No, try 14 years of austerity, shooting ourselves in the foot with Brexit, VIP lanes for Tory mates, £37 billion wasted on Test & Trace, utter corruption and in-fighting rather than actually showing any iota of interest in governing the country. How many chancellors has the country had since 2016? Not a recipe for economic excellence.
The forthcoming election will allow the country the chance to choose who they want as PM, rather than a succession of dunces foisted on them undemocratically by dodgily-funded "think tanks".
The election should provide a boost of optimism to the country.
Totally agree, John.
The NEDs didn't feel the need to buy shares previously, but are doing so now. The amounts are beyond a bare minimum needed for good optics. These amounts are not trivial amounts, and they would be expecting these purchases to make a profit within their timeframes.
Typo: should *show* improvements across every sector
Yeah, a mixed bag. Some stuff was disappointing during this period, but expected to improve. Other stuff has done well and has potential to do better during the next reporting period.
On the one hand, "it could have been worse", on the other hand "next results should improvements across every sector".
It's decent enough for long-term holders, but short-term holders will want to bail, and short-termers are disproportionately driving the markets at the moment so I'm expecting this to drop and stay low until the next TU shows the expected increase in results.