Member Info for D14M0ND

As you say you could sign up next week and save money on your bills. Hence my view as proven in the accounts, there is little profit margin and hence they need around GBP7m in my view to breakeven.

Although some have lost money on Coms is not really the issue. It is those involved or were involved. This company had an IPO at 8p two years ago and lost over 90 percent and had lost 97.5 percent earlier this week so I do not see the BODs going in the right direction.

They are following what DB tried in Coms and was sacked by the board and quite rightly so as the margin was too small and looking at these accounts, are still too small.

Personally, until they have revenue increased 4 times, I see no chance of this surviving. On the basis the BOD through their strategy have lost shareholders over 90 percent since the IPO, they do not and have not filled me with any confidence.

So let us look at it this way.

DB got his shares for next to nothing and made a profit when he sold. Used his pretty useless Merlin software to make even more money just like he did in COMS.

This is a POS looking after the directors wages having looked after DB already at the cost of the shareholders

The GBP3.5m over 3 years say over the next 12 months will give revenue of GBP1.2m. The cost of sales for this work will be around GBP1m as there is limited profit in this type of business as has been proved by the last issued results.

So instead of losing around GBP1m prior to this contract win as admin is rediculoisly high of around GBP1.3m, this will still lose GBP800k per year.

This is just being lined up for the next placing as per the AGM to keep the lights on.

See this being valued at an SP of 0.2p again soon over the next few months and see the administrators being called in during 2019.

Good luck to those that believe the BODs who have been warned over the last 2 years of what has been going on since the 8p launch in 2017.

In the interims they had revenue of GBP689k with cost of sales GBP606k giving a gross profit of GBP82k

Admin costs of GBP770k gave a net loss of GBP714k. With these figures would need revenue of GBP7m to breakeven

Valued at GBP410k explains everything which I have warned about since the IPO.

The last raise could not be achieved by the BOD and suspect it will be even harder this time.

Hope your views of revenues and profits increasing but not by 10 fold which is required. Hope your views are closer than mine Heywindom but I am sure over the next 6 months, I feel my views may well be closer.

I remember when the IPO was at 8p when I suggested it is a matter of time before the administrators are appointed which I believe I said around 2 years. Now that the SP have dropped by 97.5 percent since then, things are much closer to the end.

Just annoyed DB got out at a profit before the end.

At 0.2p valuing the company at GBP410k, a huge dilution is coming to keep the lights on.

If shareholders refuse the BOD to allot more shares, then administrators will be around the corner.

Why would anyone invest in a new placing when this year’s losses will be close to GBP1m, losing close to GBP100k per month. How much can they raise? Double the shares at 0.2p will only keep them going for 4 months. But cannot see a placing at this price now and see 0.1p at best which either increases the dilution or keeps the lights on for much less time.

Personally I cannot see any pros here

The trade was a sell for 1,063,200

But was misprinted at 1,000,000 so was cancelled and the correct figure of 1,063,200 was replaced

Apologies - too early for me. An MM spread of 33 percent not 25%. In reality though, the spread is inside the MM positions and is about 10 per cent

What?

10p spread out of 30p mid is a 25 percent spread according to positions on MMs. The reality is considerably less when you buy or sell using a dummy trade.

“At the GM, the directors will propose resolutions seeking shareholder authority to allot shares, the dis-application of pre-emption rights and the ability to call a general meeting other than an annual general meeting on not less than 14 days' clear notice.”

Says it all really

Bought his 40m shares for 10000s of pounds and looks like he has been selling since the IPO. He has made a killing on a POS and all other shareholders have lost 90 per cent having valued this at 8m pounds at the IPO with an SP of 8p. For what? A few hundred thousand pounds of yearly revenue.

Many have warned about this character

Confirms a placing imminent imo

Probably tomorrow and may be announced after COB with PrimaryBid involved again.

Let’s see

The volume was 115k. If it was a currency amount, I would have put the pound side in.

Yesterday there were quite a few sells at 1.2p with only one buy

The last one for 115k at 16.29 reached the limit for the MM on the bid at 1.2p but moved before open this morning than in the last few seconds of trading yesterday.

That the way I see it

Personally I have identified what I am looking for from the results tomorrow which I have copied below and will leave you all in peace in the morning.

“Annual report out this month and expect the admin costs to be over GBP5m which the BoD will reduce but will take time.

I suspect the maximum cash held by the end of March will be around GBP4m and extrapolate that out to the end of May will be around GBP7m.

These cash figures are the figures I am looking for. If better good news, if below the overheads are higher than expected and so will look at the admin and consultation costs”

I have a watchlist with over 30 companies which I identify on fundamentals and utilise technical analysis to identify the buy in price. I had a buy in price of 17.3p which I lowered to 14p as I was a little unsure and found better opportunities elsewhere.

Really pleased that the last few weeks have seen a good SP increase and many have got or nearly got their losses back after it has stood pretty much still over the last 12 months. Clearly my actions have been different and changed my analysis from being a long term holder to being a short term investor based on fundamentals with timing being identified from technical analysis and pleased I made this choice.

I do not expect to be posting here tomorrow or the days ahead unless personal attacks which generally prevail here against the LSE posting regulations appear so that is your choice.

Night all

Out of money now which can be seen by one investor that has sold 5 x 3000 quid and 1 x 1500 quid. May be a leak?

Said before they will be running out of cash and a placing is now imminent. Placing by month end in my view and those interested for a trade will wait until this has happened. Personally this is a POS even though they have sizeable contracts achieved recently. This business will never make a profit and seems similar to Coms before they sold their telecoms part of the business which was only generating 3 percent profit.

The margin figures misses loads out and suspect does not include all costs of sales. Hope some investigate this further before investing here. Good luck if you do

Nice find Wabi-Sabi

Sure it will be included this week in the next RNS, hopefully

Holding over 3 percent by Christopher Richard Lynas

Been restricted all morning but had no spare funds earlier in the week when I should have bought but in with 20401 shares

Any news in the next month or so and this will bag in my view with such a small free float

Well the SP closed at a mid of 12.10p with a spread of 12 to 12.2p

The 12.44p was a false close which was the UT at that price.

So EVRH is currently up 0.15p at 12.25p

https://www.investegate.co.uk/evr-holdings-plc--evrh-/rns/agreement-with-big-machine-label-group---eu-launch/201806260700085667S/

HNR year end is 31st March and have to issue results within 4 months so by the 31st July

Publication of annual financial reports
DTR 4.1.3R20/01/2007
An issuer must make public its annual financial report at the latest four months after the end of each financial year.

https://www.handbook.fca.org.uk/handbook/DTR/4/1.html