Member Info for Chestec

Still undervalued. Added to my holding today - another 11,702 shares @ 85.35p. Quarterly results to be announced on June 1st and if they are still "trading in line with expectations" as announced in the recent RNS then I expect these to show healthy profits and cashflow. I wouldn't expect to see an offer for CNIC from one of the big players in the immediate future, but I suspect they are "on the radar" already. I'll be happy for them to keep making healthy profits, make a few more bolt on acquisitions to strengthen their market position, and maybe pay down a bit of debt. Oh and a shareholder dividend would be nice too. Are you reading this CEO Ben Crawford? :-)

Just bought another 96,136 shares at 19.75. I've no real idea when the tide will turn for the MTR share price. But with copper at these levels and SFR still drilling away, I'm sure it will one day...

Yes it's annoying when your timing is out and you buy just before a slide in the share price. But my investment plan for PRSM is to hold for 2 years+ so plenty of time for recovery. In fact, I bought another 1,210 shares @ 1,239 this morning.

Rivaldo - organic growth of the core business is single digit % so I wouldn't call this spectacular for a tech business. But the overall results are very promising and I still see CNIC as being under valued and under the radar. That's fine by me and I have added another 16,059 shares to my holding today at 93.4p.

Added more to my holding this morning - another 657 shares at 1,521.

@Bertie hold on to your shares and wait - this is a great British tech company with massive potential. I see this dip as a buying opportunity and have bought shares in PRSM last week. The market opportunity for them is huge and growing fast, and they are undervalued compared to their peers in the USA. They need to move to a cash break even point asap, but last year's results show good progress towards that goal:
Recognised revenues for the last financial year increased by 46% to £141.4m
Recurring, subscription-based, licence revenue accounts for 98% of the total.
The Group plans to reach cash break-even by the end of the financial year ended 31 October 2021.
The FY20/21 pipeline is stronger than at the same point in 2020.

IMO worth holding through to final dividend which is due around 25th April. Given the rise in copper price, I would expect that this will be 10p a share or more. If production holds steady, CAML should be reporting a very healthy cash position by this time.

I see this dip as a buying opportunity. Added to my holding this morning another 10,964 shares at 91.21.

This drop is temporary and a buying opportunity IMO. I just bought another 2,242 shares.

Good news and no nasty surprises....
Strong balance sheet with $47.9m cash in the bank.
$38.4m of debt repaid during 2020.
Production levels on track and the tailings dam incident remediation almost complete.
Metal prices still improving.
...dividend announcement shortly.

"Our 2020 annual results are scheduled to be released on 30 March 2021, when our final dividend for 2020 will also be announced."

Sustained buying today, including a £500k trade at end of day. There may indeed be some good news on the way in their next ops update...

Doing my annual portfolio review as I’m sure many of you are too. When it comes to MTR, my head says: “this stock has gone nowhere since you bought it 5 years ago. Dump it and put the money to work somewhere else”. My heart says: “You’ve hung in so long on this one - stay the course to reap the rewards”. But I can’t see a trigger event coming up in the next 12 months which will drive a re-rate of the SP up to the 40-50p range which was my target exit price. I’m running out of patience on this one...

This is a smart move for Kape to extend from the niche VPN product space into an all in one security solution. If they could bring out IoS / Android versions in future then that opens up a huge mobile device marketplace for them. Their product may not be the best, but if the marketing is slick enough and they build a substantial consumer base with strong renewal rates then this could do very well. I made 2 investments in Kape last year at 70p and 85p and have added to my holding this week at 172p. One to hold and watch for me.
https://youtu.be/SZUR1O-aXJ4

Dividend received on HL. I bought into CAML originally in spring 2018 at 290p which in hindsight wasn't a good entry point. Have added substantially to my holding since then on the dips and now back in profit. Happy to hold as the long term outlook now looks solid.

I was wrong in thinking that the impact of Codewise acquisition on revenue would not have much immediate impact. Good to see underlying revenue growth of 17%, but to see 118% growth when the contribution of their acquisitions is added in is fantastic news. This company is still under the radar but it won’t be long I feel before it gets spotted by the herd. All good at the moment.

Another analyst commentary on the copper bull market.
https://www.proactiveinvestors.co.uk/companies/news/934776/jefferies-forecasts-multi-year-copper-deficits-a-surge-in-prices-and-plenty-of-action-for-freeport-and-first-quantum-934776.html

This is a very promising set of results. I was wrong about the acquisitions not yet having a big impact on revenue and margins. Proforma revenue growth of 17% PLUS 100% growth from the acquisitions. And we’ve only just started to see the contribution which the Codewise acquisition will make on the business. It all looks very good for CNIC right now.

CNIC are now required to report quarterly as a requirement of the Oslo stock exchange. That’s fine by me. Q3 results announcement due on Nov 30th and they have already flagged that business is progressing “in line with expectations”. I don’t expect to see much impact yet from the Codewise acquisition on revenue & margins, but expect good things from this in 2021. Have built a position of 30k shares at an average buy price of 82p and very happy to sit on these for a while. This looks a solid business now with very good growth potential. GLA

I’m going to have a Metal Tiger rant every morning if it does this to the share price!

I’ve sold my entire holding. CRW may well have further gains to make, but I’m happy to bank profits and put some cash back in my portfolio. Needed some cash in the bank as I recently took a large position in CNIC which is another overlooked tech stock I like the look of. Good luck to all holders here.