Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Thanks for posting good stuff as usual Hedgehog. All going well NWTs year end results will be good. We want a message the US continues to grow and is helped further by the strength of the $. Positive EBITA is what it is about with a good outlook for the rest of the year and year as a whole. I want to see 20% growth and margin in the business. I have 82,000 shares now.
I've only just noticed that since the beginning of the tax year instead of cancelling the buy back shares we are now in a position of holding them in treasury with just over 8m now held. At an average price of under 50p, this means have only bought back only 4m shares/£2m in cash terms in the last 2 months. I've taken a look at all the transactions and roughly (as there were some shared issued for sharesave) we are look like we have repurchased 21m shares to date. Based on the agreed amount, up to 52m shares to be repurchased or £30m this means we can still repurchase 30m shares. The buy back has to complete by late September so this roughly 4 months and therefore 7.5m shares a month. Now that is a lot of shares and could substantially lift the price from here if they get anywhere near it. GLA.
Excellent set of results and the confident comments on the forward looking picture are exactly what's needed. Would be wonderful if the share price reflected such confidence but Mr Market is a very strange beast at times,
USD/GBP has also given the divi a healthy lift. 16p annualised return from a boring stock that trades in the 180-200p range. Happy days.
Finally a cash offer at 48p. Happy days.
With the share buy back programme this has to pick up. They have the permission to purchase £30m of shares! No idea who is selling under 70p where this should be...
Well that's nice to see logging on. Downside seems to have minimal risk from here, two serious parties at a minimum of 42p, some volume going through at 46p in the first 45 minutes seems to suggest some are happy to move on but someone must be buying and one would hope there is another 20% upside in the price. So that's my position - hold for the possibility of a bidding war.
Deathly silence from the company. It was all PR this and PR that around the time of the capital raise, they took our cash and have since been counting it and thinking of ways to invest it in products that get no traction whilst also paying themselves handsomely. I've been in this crock of p@@ since 2013, more fool me. No shareholder can be happy with this sorry state of affairs, surely there has to be an opportunity for a mutiny!
@TrekMadone, thanks for your posts.
Any interesting questions raised on the call? Analysts generally happy or any concerns?
Happy days :)
Well done all.
2022
2021 Fourth Quarter Dividend
· Announcement Date: 18 March 2022
· Ex-dividend Date: 31 March 2022
· Record Date: 1 April 2022
· Payment Date: 14 April 2022
2022 First Quarter Dividend
· Announcement Date: 13 May 2022
· Ex-dividend Date: 26 May 2022
· Record Date: 27 May 2022
· Payment Date: 10 June 2022
Nope. But this is doing very nicely through the crisis with two divi payments on the horizon. Good reasons to hold.
It is really frustrating as I don't think it is a bad business. It has good products and customers. However the failure to turn this into profit is back to your point on our CEO. Her tenure has been a complete disastee for shareholders.
I think at 50% of the float price this a good entry point. I am a customer and rate their tech as the better tech in the sector. I like the plus offering through Amazon, and their 12% stake means they have some stake in the game. As always a small initial investment in a falling knife scenario.
Biggest positive US and revenue growth (previous highest was £3m in 1H FY 19) so this is a success story - It has been a strong first half of the year in the HCM business, with the US market being particularly successful with revenue of £4,209,000 (H1 FY21: £2,605,000), a 62% increase. This has been driven by contracts with large US software providers.
Overall capital raise needed to push distribution and growth, the products are working but growth will not come without investment.
Biggest negative cash - The Group utilised £448,000 of its £600,000 UK overdraft facility at the balance sheet date, although it also had £211,000 of cash in the US. Subsequent to the balance sheet date this overdraft facility has been increased to £700,000 until the end of March 2022 in order to provide additional headroom as the Company navigates the unprecedented global supply chain challenges. Short term borrowings have risen as we drew down on our UK invoice discounting facility during the period. This facility has recently been increased to £1.7 million.
Great points Hedgehog, I for many years have believed there is value here.
The issue is that other than the 2015 period where a major contract was delivered for the post office the business has failed to delivery sustainable material growth and thus the share price has drifted.
The underlying picture in 2022 as these releases and you point out, show this is a very different business to that of 2015. Unfortunately the pandemic has masked this great progress in the transformation and revenue has lagged. As I state in an earlier post. We need a clear management position that we can grow revenues, reinvest and drive shareholder value by 20% per annum for the next 5 years. That will kick start some interest.
This is great news, however those who clearly knew and purchased early along with this statement being issued as "This is a Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance." ought to be investigated. There is definitely something wrong here - if it is immaterial as the management state then why the price move? Something stinks and worse the company seem complicit. But I will take the rise.
In short - No.
I'm still here with my 1% in this company. I was unable to make it to the AGM but managed the investor call in early November. On the whole the ship remains pretty sound and the strategy in the US is going well. Without a pandemic and the challenges it has created, I think we would be hearing more bullish messages but these need to translate to the bottom line which I think they know. The opportunity to use the attractive government schemes to tap on liquidly was used, so we have a little extra working capital, and furlough was used which also helped costs. The talk is growth is SaaS and clocks which provide re-occurring revenue opportunity. I think that further working capital is required and this may come in debt or a rights issue. Either might be initially perceived as negative but if the cash can be used to expand and grow the US or re-occurring revenue lines that would be welcomed as they are the future of this business. We need a story of 20%+ growth in revenues YoY for the next 5 years to move this share out of this historically poor trading range. A rights issue to dilute some of the family and associates control might also be beneficial for all (unless they wish to maintain). I would like to see more of this company owned by a more diverse investor base that provides an ultimatum to Marie-Claire to deliver shareholder value or make it clear it is time to move on (even if the chairman is her dad).