Member Info for Ctw2014

Has tipped this again as a buy having spoken to CG. Judging by previous posts this news will no doubt be ridiculed by some. However, for those that might be interested, the view is that cash is not likely to be a concern, particularly noting the current sales discussions mentioned in the RNS. It's a hold for me but please DYOR.

So Chris has given you a breakdown of the order book then has he?? If so please post, thanks in advance.

There is no reason to suppose that NER300 support will not continue while we remain in the EU (well over two years minimum). Beyond that there is no reason to suppose that other sources of project finance will not be available, given that Phases 1A and B at least will be up and running. All IMO and DIYOR.

Not Stine!

I am pretty sure that we have been told that Fox will not be raising cash for Stine Alliance, which will be funded independently.

What does it matter? If they pay up front they could be the mafia for all I care. The fact is that we have sold Marble to Berkeley Homes and other prestigious companies. You don't judge a company on the basis of the perceived weakness of one customer. This is still a relatively new company trying to establish itself in the marketplace. If it was more established you would have to pay more for its shares, and as they progress I am sure that will in fact be the case. It is all about sales I agree and whether these can be accelerated quickly enough to avoid a placing at a low sp. However, obsessing about the bona fides of one customer is, well, obsessive.

In my view we are just suffering a bout of selling by short term holders moving money elsewhere. Still, this should lead to a more stable foundation to the sp as new holders come in and I am personally anticipating a recovery on further news. I think the last RNS was taken as a bit of a given, hence the muted response. We haven't had an announcement yet that all four turbines in Phase 1A have been ramped up to full power, but we should be getting that pretty soon and that may well spark some renewed interest. Maygen is an amazing project and let's not forget that Atlantis has other irons in the fire. Plenty of scope for upside in my view.

£55k buy at 55p.

Market cap: £21.099m; cash in bank at end of June 2016 £22.1m.

I agree that's a risk but not, in my view, inevitable. I make the cash burn €1.59m in five months. With €1.1m in the bank at the end of November, if we can deliver a decent chunk of the order book in the first quarter of 2017, I think we might just avoid it. A couple of decent RNSs could also boost the sp significantly making an equity raise, if needed, less painful.

Many thanks for the informative post.

Not exactly a stampede for the door here. Bid recovering and back up to 7.25p.

I gave up using stops on AIM long ago as it's just too volatile. Too often got stopped out only for the sp to recover 5 mins later. The stops are visible to the mms and they frequently drop the price to hoover up cheap shares to sell back at a higher price. Each to their own of course.

Ok this is disappointing as clearly the Order book has not grown as those of us who are invested would have liked. Nevertheless, things are not all bad here. The fact is that revenues have more than tripled in one year. Whilst the total figure may be fairly small if it keeps accelerating at that rate this is still good growth. The factory has been long in coming but now sounds as if it is finally almost there. When that starts operating it should have a significant effect on sales and margins. Most significantly there are clearly potential deals coming through in Asia, the US and other parts of the world. Logically, we are producing good quality marble which can be bought for less than from elsewhere. Why would it not sell? This has stretched everyone's patience because sales growth was expected more quickly. Nevertheless, looking forward I still feel that the investment case is there, especially at this price. I am 50% down but seriously considering topping up to average down as despite the negativity from some on this board (including from some people who are not invested) this should in my view come good.

.... a pre close statement and operational update next month. There will be red faces if the factory is not fully operational by then, and I would expect some progress on sales too. Maybe not fireworks, but progress.

Good news - we need the publicity

Typo

It may be a predictable business but there aren't too many around that generate a 108% increase in revenues and an 81% increase in eps in one year. On the current sp that gives a current p/e of 13.8. According to my broker this is forecast to drop to 8.1 by year end 31/3/17 and 6.4 by end 31/3/18. If those forecasts are achieved we will be very cheap indeed on the current sp. I am comfortable with the debt position given hearing is down 55% and clearly very manageable. With the maiden dividend looking secure and further growth in the pipeline, this should be doing better and has only been held back by a major seller who, sooner or later, will be finished and this will be free to push on up. All IMO and DIYOR.

We would be doing fine if the seller wasn't still unloading.

Agreed, fingers crossed!