Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I'm adding further to my list of people to follow and potentially engage on the opportunity here:
@EdwardSheldon7
https://www.fool.co.uk/2023/11/07/2-aim-growth-stocks-to-consider-buying-for-2024/
Good spot Hedgehog. Benedikt Bessmann reached out to me on Friday via X after I had posted to Charles.
" I'm shareholder since 2017 and have recently added a few shares to get over 3%. IMO the case is simple. GT is the valuable part of the business wise a profit of 2,2 Mill last fiscal year (market cap is 5 Mill!!!) This is eaten up by Corporate Cost (Newmark, CEO, CFO, Board) and the still loss making Safetell Business. I expect a Turnaround in Safetell which can thus offset Corporate and let Grosvenor shine. It's a matter of time, when this will happen. Best wishes Benedikt"
So Benedikt is in the same place as us. He is going to reach out to fellow German small cap investors.
If Charles and a few other investment analysts pick up on this we're going to fly. Good luck....
I've found Charles on 'X' and made a comment on his article. I'm not really active on socials but he has over 4500 followers. If anyone else is active please like/promote it cannot harm us getting our company out there.
https://x.com/00dab/status/1730560202565370126?s=20
I've also sent a note to Marie-Claire with the post and the article suggesting she reach out to him to tell him more about who we are and what we do. It would be amazing if she does, we could reach a new audience if he were to include us in his list or write up his thoughts on us in a more detailed article.
As an update - An earlier conversation with Marie-Claire also confirmed that 1H results are nearly ready to go although they will go in the new year. An RNS of the publication date will be made ahead of the results. A research note is also being prepared. fft100, I provided your feedback on AGM/Trading update. She is keen to get more feedback from us so do share it. I am looking for more opportunities to promote us.
Fellow investors. Given I have everything to gain in the wider market seeing us as an opportunity. I have pointed Charles in our direction, if you see similar and get the opportunity to promote, then let's do so! We need to grow the interest and our following, perhaps encouraging a few more investors to jump on board!
https://investingstrategy.co.uk/stock-tips/penny-stock-shortlist-best-growth-shares-of-2024/#comment-1278
Hi fft100,
RNS’s are frequently raised.
I take your point on the 1H trading update. All we had was the information in the AGM release, although I thought there was quite a lot in there. I’d agree though it is a missed opportunity to make more of the 1H trading performance and separate the AGM statement and trading update statement would be beneficial. I’ll mention that next time I catch up with Marie-Claire.
I previously have explained to Marie-Claire that we’d like 6 standard RNS opportunities a year. Trading updates x 2 for 1H, and FY. Result dates publication dates to let us know when they will publish the results. Then the results themselves. I will be reminding her next week that if we have a date for the 1H results release we should RNS the release date as soon as we are comfortable. It build expectations and ends up in the various investor calendars of results.
More generally, we have previously asked why we cannot do more releases. The response has been they would like to do more but much of the business they are now winning is incremental revenues through licencing and gone are the big one off transformational deals that were previously announced. This change in business is helping income, risks and costs in mulitple ways, but does not give the opportunity to announce 10%+ revenue deal impacts. The other reason is that a security business the one deal we could have announced, the partner wanted to remain silent on the matter. I provided Marie-Claire with an example of a release where an RNS was made but the partner was not disclosed.
The team are really keen to get feedback from shareholders. I have fed back with various ideas and improvements, I have been critical of how we did not appropriately manage shareholder expectations around the UKG impact and that we want transparency of that impact so we can work out how the underlying business is performing at the next update.
Writing to Marie-Claire will get a response, so if you feel in anyway the team can do better drop them a note with ideas, thoughts and questions. I am happy to relay thoughts from this board but I am sure that they would prefer to hear from the people that matter – ie you.
All the best
I might well add more as you summarise Hedgehog :)
I'm not sure when I started this journey I'd planned to breach the 3%. I've been mainly taking advantage of any weaknesses in the price, buying below 55p. However, now I am there I am very happy buying at these levels so I'll continue to buy on any weakness.
As the years have gone by I have followed this share closely. I've spent hours on the accounts, attending AGM's investors presentations and asking questions of the CEO to understand the business model, strategy, risks and cash position in more detail.
There have been rollercoaster ups and downs in markets mainly in decline (cash and physical security solutions). Now our diversification to digital HCM hardware and software licencing is proving itself incredibly successful, with high margins, fantastic partners and significant growth ahead. Yet, this success has not be recognised, it has happened in a business that has had to deal with the traditional model which has been in decline.
The HCM business should be on a PE of 20-30x, if we were to separate it, it would. This value is still in this business but just not recognised. Being part of a wider group is a negative from a valuation perspective. However, the fact it has been part of that group means that our management team (and all credit to Marie-Claire for the strategy), our processes and controls are 30 years old, this is a huge positive. We are growing in a risk managed, sustainable way with low debt on a long term satisfied client base.
Since January it has become very clear to me this strategy is bearing real fruit. It has been clouded by the business in decline and more recently the loss of UKG for most investors who cannot see it. But this has just allowed me to continue to purchase this year at incredibly low level with huge confidence.
If you understand all of this, and I do, it is very clear that this is one of the lowest risk/highest possible return AIM investments I could be making.
Same here. I'd been watching the price for a while and wanted a sub 25p entry. Decided to go for it the other day when the price fell and got in at 25.4p, but then down we went again. Another buy at 23p has given me my average now at a level I wanted so I won't complain unless we head to the sub 20's. I can't see that though as the business looks pretty sound and todays directors purchase announcement adds confidence to that. The cement market is reliable, cement prices have been steadily rising. I've assumed that no dividend will be made until the next June. If one is declared before happy days.
Interesting commentary in Thalassa Holdings results published on the 29th September. They'd sold some shares back in March.
"Share price performance of NWT continued to recover slowly through H1 2023. We still believe that, given the age of its chairman and the fact that he has three children, two of whom are not involved in the company, that NWT will, in due course, be sold. We are patient investors and will continue to hold our position."
Given they hold 10% this view maybe based on some fact. The question is what price would NWT accept? 250p (£20m valuation) or nearer 600p (£50m valuation). I think (based on disclosed accounts and management views on revenue growth) that a £2.5m profit in 24/25 is well on the cards which will begin to become demonstrable in the next couple of reporting periods. That's a 10x to 30x PE valuation. It is a growth technology play in huge markets with partners of significant size and reach, so a top end PE is well within reach.
This is a huge bargain in a market full of bargains, but this one has the opportunity to pay back big time on what appears to be a fairly risk free downside (again looking at the recent performance, cash position and management disclosed confidence about the future).
All for banking some profits but I hope you've gone too early (I need 40p).
Momentum is certainly with us.
Let's hope this rise is on the back of deals bubbling in the background. Either we have a new customer or that a bidder wants to buy the capacity opportunity that IQE can provide and we're in the throws of stake building for a take over.
Good luck all.
So there is life in the old dog yet.. Very quiet here though. Is everyone on holiday or posting elsewhere these days? Yesterday price rise was clearly a leak ahead of today but we're nicely up this week and long may it continue.
Results next week, on the backdrop of lower inflation and interest rates yields falling allowing borrowers to lock into cheaper rates to fund some home improvements or businesses to consider kicking off some infrastructure investment.
Let's hope we've seen the bottom and we begin to gain some traction again. Money flowing back to FTSE 250 finally!
Fantastic results. Growth in revenues, significant growth in new products, huge growth in profits. Buybacks and dividend increases.... Happy days. Price will obviously fall...
Someone had to post here to say hurrah! Great results and a positive rise! So there, I've done it!
I'd agree on the interest front. If we are not planning to pay the interest and are issuing new shares we want the price to be flying. We ended the trading period to the 30th October on Monday. It'll be interesting to see if we issue a trading update. If the results are as favourable as some posters suggest this should be out sooner rather than later.... We will see...
We complimented the management team on the improved investor approach. The new website, video, RNS services and the resent presentations. They responded positively to this and welcomed input from investors on how they can go further. We recommended a deep dive on the US business would be a great area to cover a future meetings.
The new auditors have done a great job, lower impact, easy to work with and lower cost. Timings are back on track, 1H results should be out in January, full year results out in September 24.
After the session I caught up with another investor. We agreed that the last few years have been transformational for NWT and we have a very bright future ahead. Now's the time to get in given we're pretty sure that there is no need to tap the market for cash to keep the business running and there is nothing baked into the numbers for the stella growth underway.
Just happy days for NWT shareholders.
Hi all,
So I attended the AGM today, here is a quick summary.
The directors appeared very happy with the state of play. Everyone was in good spirits, the business is performing inline/ahead of expectations (they don't do forecasts). Lost UKG income is being replaced and the strategy is working well. All resolutions passed, then the meeting closed and they opened to questions.
The RNS earlier in the day was discussed. It was great that we have updated on UKG but we (the shareholders present) requested that the company disclose further in the 1H results the true revenue impact associated with the loss of UKG so we can see for ourselves the like for like and underlying growth in 1H 23 verses 1H24 with and without UKG. We reiterated that whilst management can see the more detailed growth picture, we as shareholders cannot. This means we must wait until the final results for 2024 to work through and even then the picture would remain murky. Marie-Claire took this on board with nods from Paul so we really hope that we'll get this view as we can only see an outcome that is positive.
We discussed the US business in more detail than ever before. We have 9 FTE based in the US. They are doing an amazing job and across HCM we are now working with 40 software vendors. These US staff is supported from the UK, this provides a very cost efficient way of working. As reported in the RNS today subscriptions are up significantly. As the software vendors are doing much of the business development, and we support from the UK in the background, we do not need to add significantly to the head count as we grow. We have a very scalable and low overhead operating model with reoccurring revenues. Not only is this growing rapidly in the US but we now have the rest of the world (reported as up 35% from a low base to scale on) again without adding much overhead. Given our growing presence in the US, Marie-Claire is out in the US in a few weeks time and will present to some US investors our business and model - exciting stuff.
Both MD's are making an enormous difference, and supporting each others strategies.
We didn't go deep on Safetell other than the automated doors install and maintenance business is scaling and teeing nicely with safety screens as an overall package. We are winning further contracts and all this scale is reducing the sub-scale inefficiencies previously reported. A UK servicing network is being established for national UK businesses/stores and Government contracts.
We talked capital and fundraising and whether this was needed. No need to do anything on either front at present was the confident response. Supplemented by that doesn't mean that where it might make sense from a growth or acquisitions perspective, it wouldn't be ruled out. I took from this that we are well positioned given the cash balance increases YoY recently announced and further positive traction into 2024.
Thanks for your posts Hedgehog.
It'll be interesting to see what comes from the AGM tomorrow and any RNS preceding it.
I will of course be attending in person although on the back of the finals my expectations for this year have been somewhat muted given we need UKG to work itself through.
There are a couple of positive factors, the first being the price rises that we have successfully embedded and the second the inventory run down. Both would be good for cash flow. I noted debt servicing costs have quadrupled in the last 3 years, it'd be good to stop wasting £300k on debt servicing.
We have to lift revenues but with the UKG position I believe this will only show up in 2H 24 results. I hope I am wrong and we see the uplift earlier.
I will report back from the AGM tomorrow with a note. If you're not there and have any questions you want asked let me know.
Keep the faith, we'll get there.