Member Info for camo1997

Not too keen on the new issue of shares, but if that saves them taking on debt so be it.

Positive EBITDAE. Net loss not as bad as i thought it would be. Low debt, strong cash. Contracts moving into Q3/Q4. No update on dividend though. But overall positive.

Ratio*

Its not even like they have a huge amount of debt though. Current ration above 1 as well. Tried to top up at 37 but just missed it. See where it moves. Might see some movement friday before the report.

Yes, hard to see where the bottom is, but would say it must be near its lower range, however the selloff from 50 to 40 was so quick. Average is similar and holding for now. Hopefully not, but 36p might be the next buy price for me if it does get there.

Fair enough their revenue may be impacted, but not enough to justify a ~70% drop in share price. From their news they are still making deals and still running a good business. I agree, could be a push down to get some retail investors out.

Don't think you're missing anything. Range has been about 30-65 these last few months.

Think from their update, their revenue may drop about 17%, and may report a loss after exceptional items, but could be a positive EBITDAE. However, should still have a good debt ratio (with their reduction) and current ratios etc... They have not used their banking facilities yet (as far as i know).

Yer not sure. Still based of the fundamentals it is very undervalued. They should make a profit before their exceptional items. So will just have to wait and see how their balance sheet looks, and hope they have an update on dividends.

Wonder if it is just being pushed down ready for another run up from mid 30s.

Had to get some more when it broke 40. Am i correct in saying the results are on the 7th? Or have i just made that up lol.

Did yesterday

Seen, just before half year reports... Very nice

Even if revenue does fall in line with expected (~18% drop i believe), the ~75% drop in share price is still to much. Reduced debt, seems expenses are under control, furloughed staff etc... Don't think they have used their bank facilities as of yet so that's a good sign. Hoping for some dividend news as well in the update, even if they don't restart it (may be prudent anyway).

Can only wait i guess for now.

Really being pushed down. If it breaks 40 may have to pick up some more. Still hoping for goodish news September (as good as it could be at the moment).

Yes, looking at the price drop back in 2009 for this it did recover, so just holding on for now. Have averaged down, but think i will just leave it for now. Waiting for the reports in September, see what shape their in.

'concerns regarding the valuation' - may not mean distressed? Will just have to wait for the new NAV to come out then. Hit a lower low end of March. But, wow, scary drop.

wow

Anyone left on this chat?

Sorry to hear. I'm hoping to see at least 30 again at some point following their NAV report. If so, will also review getting out, however, not looking promising at this point in time.

Jumped a bit at close, with the bid finishing at 23.50, so good move... (lets see).

Not one for technical analysis (fundamental man), however, it is following quite a nice linear range back up (wish i could send photos on here). Brought in initially around 36p but sold to early. However got in again around 42 after last week’s drop.
6 April - low ~ 30
30 April - high ~ 57
19 may - low of ~ 36
8 june - High ~ 65
23 July - low ~ 41
Next high ?

However, technical analysis is the same as flipping a coin, so who knows.