GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Looking into it further I think the decline may be more related to the comments about Japan: 'Owing to technical and administrative problems at local government level, the implementation of this plan to date has not gone as smoothly as planned, after a strong start, but the Japanese government is committed to the programme and is increasing financial resource to ensure swifter issuance.' ...'due to the uncertainty over timing, we have not included any profits related to My Number in our forecast for the current year. '
I was also surprised at the big decline following what looked like strong results. The only disappointment I could find was the total dividend for the year being 8.675p per share instead of the broker forecast 11.23p. I figured the special dividend must have been lower due to lower net cash (anything above £50m is paid out), thanks for the confirmation Arbitrader75. I think the lower cash would simply be due to adverse FX movements though, as underlying performance seemed fine. Does a 3p shortfall in the expected special dividend warrant a 27p share price decline? It's back to my original buy-in level so I might consider adding more.
Thanks for that Dibs/Knowbodyyouknow. I bought in here last week taking advantage of the price weakness - I missed out on this one at 180p last September, as the price shot higher before I had time to fully research it. This time I thought I better pull the trigger early.
Quick question for anyone who may have looked into it (sorry if this has been asked before). Is there any chance the AA's Intelematics Europe joint venture (announced in January) will take over from the trakm8 product in the near future? The JV device seems pretty advanced, aimed at detecting imminent breakdowns.
What's with the massive price swings here this year? It seems to come down from 210-230p to 140-170p for no reason at all, that's quite a wide price range! Hopefully the market is waking up again given today's 7.5% rise (on no news).
I expect 40p within a few months. I bought at 34p and was surprised to see it drop down into the 20s, but I'd be shocked if it dropped any further. Looking at the chart I'd say we're at the bottom of a cup pattern, and considering the company's fundamentals I'd be surprised if there's much downside risk.
It just can't quite crack 120! Interims due next week so hopefully that will provide the catalyst. Dividend can't be far away - I'm actually surprised it hasn't already been reintroduced as it's very easily affordable at this point. My minimum target is around 200p, at which point I'll decide to sell or hold based on the dividend and the future growth prospects (which seem negligible at present).
As much as I hope it's good news Gerry, it's much more likely to be something very bad. This is one of my larger holdings. Although nothing has been clarified yet I'm left with the distinct impression we've been deceived by everything the company has communicated over recent months.
Spot-on from 1034. A few months ago this was priced like it wasn't a going concern, which was simply ridiculous. The recent SP increase is only the beginning - it's still one of the most undervalued shares on the market. Throwing off cash, TNI provides the perfect argument against the efficient market hypothesis.
I've been watching AGTA for the past six months or so and now certainly appears to be an attractive buy point, with this cash injection it seems like excellent long-term value. Like others, I'd also be surprised to see it drop below 3p for any significant length of time. I do have a bit of a 'layman' concern though that I'd like to flesh out before investing - can anyone comment on the potential for drought to damage the fortunes of the business? The first thing that springs to mind when thinking of Africa and agriculture is, unfortunately, drought. Any advice would be appreciated.
New chief exec announced today . I don't have an opinion about him either way but it looks as though this is going to mark the start of a long-term uptrend. Glad to be holding.
It's about time this ridiculously low SP started getting reversed. TNI has consistent operating cash flows of ~100m pa, and a market cap of 100m! The price is still crazy.