Member Info for BodRuncie

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.

For a bit more meat on the bone, REAT are presenting today on investormeetcompany.com at 1pm.

Should make good viewing.

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.

No! I wish noob PIs would stop it with the Code 1 crap.

No wonder 90% of PIs lose money on the stock market when so many believe in this stupid guff.

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.

Anyone buying at these levels is getting a great deal. The sp should never have dropped this low.

It's still ridiculously undervalued, but it's a lovely feeling seeing the recent rises.

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.

He already owned 13% of the company, and then he reads the Trading Update and decides to spend £400k on the open market and increases his stake to 14%.

Confident :)

Share price rose in recent months because this is a fantastically well-run company with great prospects and 2024 will see great improvements to the balance sheets.

The share price fell recently because of the joint-broker announcement, and that tends to be a self-fulfilling prophecy leading to a falling share price.

REAT don't need to raise cash to keep the lights on, but they might want to raise dosh for an acquisition. Or there might not be a raise at all.

Short-term this is difficult to trade because it's so illiquid. Long-term you'll be fine because there is only tremendous potential for upside to REAT from here.

NED Kate Marsh spent over £30k buying shares on the open market at £95 to nearly double her holding.

A sign of confidence, surely, from someone who already had skin in the game and didn't need to purchase more shares just for the optics.

a hostile takeover needs 75% shareholder approval? richard sneller, david ****e and daniel lee hold more than than 25% so they can resist low-ball offers.

all pis need here is patience.

Great idea, Mr Bombastic, I'll sell my holding and short it too!

🤣🤣🤣

Trading update is fantastic, but I think the other RNS, the one about appointing a joint broker, has spooked small investors due to placing concerns, and that's why the price has dropped.

As announced in today's RNS, Dowgate Capital are appointed Joint Broker for REAT.

https://www.lse.co.uk/rns/REAT/appointment-of-joint-broker-c40tf0wff8806fp.html

Most likely a placing to raise funds for expansion or acquisition because REAT don't need the funds for working capital.

Dowgate Wealth recently upped their stake in REAT to 11%, so they have a dual interest here, probably looking to increase the Dowgate stake and possibly take shares in lieu of payment.

I just hope it's not at a ridiculous discount.