Member Info for BodRuncie

It sounds like Phase 2 of the company is kicking off with a bang. BOD now have a ton of skin in the game, cornerstone investors are onboard with it, clearing the consideration payments, building a warchest for M&A.

I have no idea who is selling now at these levels?

Every shorter is a guaranteed buyer!

The twin emotions of TRX holders:

60p: this so frustrating, I should just sell up.

70p: why didn't I add more at 60p!?

:)

It's good to see this moving up. It was always going to happen, it's just a question of patience. A great product, strong niche/moat, great mgmt. The dull periods are a blessing for PIs, rather than a curse, because it allows us time to load up.

60p/70p, I'm still not selling.

Results look good, but I am more impressed by the Investor Meet Company presentation.

3 members of management, always putting themselves out there to engage with investors.

They have turned the business around from just a few years ago. Always looking for growth, whether it's automating orders through Ladders Free, M&A, up- or cross-selling.

They are ambitiously targeting £5m FCF within the next 3-5 years and seem laser-focused on achieving it.

They mentioned they have a number of regional contracts with national businesses, and said there is a lot of room for organic growth just by gaining contracts within their existing customer base.

And still this company is largely ignored by the wider PI community!

With the glass half-full, MKA will unlock grand funding, the Recycling revenue streams will come online as predicted in 2024, and get strategic investment at a premium to the current share price with minimal dilution.

But when is AIM ever that straightforward?

To raise insufficient funds during a raise, and then only a few months later, flag up that the cash runway only extends to Q4, is poor management.

The TU states they can unlock grant funding, and they are exploring alternative means of raising money, but they should do it ahead of time, rather than flag it up, crash the share price again, then raise at a further discount.

This is a very frustrating investment. The recycling has so much going for it, and so much interest in the USA, but mgmt are determined to disappoint.

US 6 cents dividend per share. At an exchange rate of USD 1 to 0.77293 GBP.

Then about 10% tax was taken off. I didnt have a W8-BEN in place on ex-div date, but I have one now. No idea if this is why the tax was taken off though.

First dividend received today. Second dividend goes ex-div tomorrow (30th) and is payable on 14th June.

No guaranteed revenues mentioned, but I like the opportunities it offers.

Heehae Chae transforming the business and using his & the board's extensive contacts.

Never say never, but 18p, 19p, 20p is still ridiculously cheap the for quality behind this compelling risk/reward play.

Probably choppy until the quick-gain flippers exit once the new shares enter trading on 28th May, but this will be the bottom.

Unless Bundred develops new ways to snatch defeat from the jaws of victory!

So the directors are to receive their salaries as share options to free up some cash in the short term. A good decision, imo, based on the current circumstances.

MKA still targeting H2 for first revenues from Tyseley, so the question is will the cash last until then, and how much revenue are we talking about?

It's an agonising waiting game!

MMs can see Stop Losses that PIs place, so maybe there was a sudden drop to collect a few big ones?

Price rising back up again now.

Buying continues today on very low volume, raising the bid.

2 trades, both purchases of £5000 each.

MMs short of stock, it seems the buyer is taking all they can get.

Interesting to note that a lot of buys have come in already in the first half hour of trading, far more than usual.

Will we see a PDMR purchase RNS tomorrow?

SYS FY results out today, finally giving a business update, but there is still an element of opacity I find frustrating.

On the surface (reduced cash, increased debt, FY EBITDA down 33% to £2m) it looks like there has been a much bigger organisational restructuring than previously stated. Without having access to the details of the restructuring and turnaround strategy, it grates a little that Heejae Chae refers to improving the company after years of stagnation because based purely on the FY numbers it looks like he has ousted the former CEO and turned a once-profitable company into a loss-making one.

However, there is a (fairly large) saving grace in the post-period highlights, announcing the signing of the second-largest order in Sys Group's history (£2.2m over 3 years). Does this suggest that Chae's opaque turnaround strategy is starting to bear fruit? He certainly has assembled an impressive set of advisors and industry contacts.

I have no idea how the market will interpret this.

Not sure what it's got to do with watching TV...?

Anyway, the "humilation" angle on Blinken's departure is apparently not accurate:

https://twitter.com/RushDoshi/status/1784627372160963014

But the need for the West to be independent of China & Russia still stands :)

This highlights the essential need for the West to be able to provide its own raw materials, energy and manufacturing to reduce the ability of bad actors like China and Russia to totally screw us over.

Biden's Govt is setting a strong agenda and backing it with a ton of money to get this done. The UK meanwhile has Russians in the House of Lords, a foreign secretary who refuses to disclose his close links with China, and we've lost the ability to manufacture steel...

That's not how shorts work. Shorting a stock means you have already sold it. To close out a short you need to BUY stock.

If shorts were closing, the share price will rise. Shorters closing doesn't suppress the price.

The tone from the RNS is understated confidence. I like it.