Member Info for Da_Matser

Thanks Krusty and Temple for your valuable inputs, but I was speaking in broad terms. If cell towers, billboards and woodland can be invested in via REITs then I (wrongly) saw BESS in the same vein.

Thanks. Yeah I’ve watched that twice.

I’m on a steep learning curve as I’m new to REITs but this one has my attention.

Am I right in thinking both the div and NAV will trend upwards over time - with a fair amount of volatility?

Started looking at this today so apologies if these two things have been covered.

I note a 'target' dividend of 7p. Is this for FY25 only and will it grow thereafter or is it a perpetual 7p target?

How confident are folk that profits will be back on track once the 753.4MW is on line?

Increasing profit by cost-cutting and reducing debt by reducing stock will only get you so far. At some point you have to grow the top line.

16.1 x 2 gives an annual EPS of 32.2p or P/E of 12 at today's opening price – for a micro cap that has demonstrated just how unpredictable it can be over the past few years?

It could be a cyclical-recovery play and H2 may be a lot better, but there are too many bargains out there to risk it on this.

As it happens, I sold yesterday, which makes a pleasant change for me to call it right. I've had my fingers burnt with this instrument and was lucky to escape at just above break-even. Maybe if I was looking at this with a fresh pair of eyes, I might see opportunity: decent cash generation, balance sheet and a new chapter under Pippa, who I have always had much respect for.

I wish the company and all those invested the best of British.

Wow

At an average salary of £80k, perhaps there's some margin to pay their fair share of NIC?

FY19 might be closer to the mark?

FY22 operating profit was £3.76m after £602k exceptionals (acquisitions debacle). If they've managed to bring down debt and reduce finance costs, then we maybe closer to FY22 figures than you might think.

16/10/23 1292.8

19/08/24 2635.9

I'll let you do the maths

How long as their website been down? 404 error.

Just voted. Voted against remuneration report and for everything else.

I always vote against MANO's remuneration proposal. This is the problem with AIM.

What's the point of a better offer when the CMA will (rightfully) throw it out?

Please accept my condolences but I backed the right horse for a change.

Thank the Lord. I had a lucky escape with MNDI a couple of months back and now this. Happy days.

All the cr@p going on with the BDEV-RDW probably a part.

Shandypants2 is absolutely correct regarding stock reduction not flattering profit, but simply improving cash.

Cost of sales = (Beginning Inventory + New Inventory) – Ending Inventory.

… a dramatic improvement in the cash position with net borrowings falling by £4.8m to £0.8m (2023: £5.6m). The Group chose to repay 50% of the outstanding loan balance of the term loan used to partly fund the acquisitions in 2021.

The turnaround has begun.

Improved margin

£2.2m positive cash (2023 negative)

Adjust EPS up

Return of dividend

Sales going in right direction

Reduction in corporation tax going forward as previously discussed.

Settle down buddy. It's just an instution wading in.

"If a business incurs a loss in a financial year, it usually is entitled to use that loss to lower its taxable income in the following years."

https://www.investopedia.com/terms/d/deferredtaxasset.asp

Yep. A masterclass in how not to do an acquisition.

The seller was laughing all the way to the bank.