Member Info for DamayHill

Looking forward to the investor presentation on 28 April and confirmation of the revised revenue projections over 2022-2026, including the near-term impact of delayed SOP in 2021 on revenue in 2022. Am expecting to see min £20m in 2022, £30m in 2023, £45m in 2024 based on previous figures and overlay of OEM8 revised contract. I've come to the conclusion that demonstrable profitability (and the implicit manufacturing at volume capability) is going to be the factor that creates a material shift in share price here and therefore perhaps around this time next year if all goes to plan in 2022 as per David Bundred's mantra. Contract wins, on whatever scale, just don't seem to be sufficient for the market's liking. However, delivery of profitability coupled with an impressive and growing order book will surely break the dam here in a significant way.

Hi Hopeingmore, thanks. To be honest, it doesn't matter to me which individual it was directed towards. The thing I take exception to is the assumption that there is only one right-minded way to think. 'We all now need to be positive'... I'll decide whether I think a situation merits positivity just as I decide where I invest my money. 'None of them lose their enthusiasm and end up selling'... Why? Maybe a loss of enthusiasm is natural for some. Maybe selling up is even the best course of action for some - they'll be the judge of that. I just find the whole idea that we'll all hold hands, cross fingers, squeeze our eyes tight shut and make this happen more than a little mawkish and toe-curling. It's an investment.

No, and if you don't close your eyes and go to sleep, I'm going to tell the Easter Bunny not to bring Tuesday this year.

With respect StayLong, I find that an incredibly pompous post. People are here with different motivations and whilst I'd hope those motivations are sincere either way, it's not up to any of us to tell others to be positive, negative or anything in between. People will be what they choose to be and sentiment may depend on many variable factors that will be different for everybody. If, as you seem to be, you're looking for some 'after the end of term show' camaraderie, then you may get it from some but you certainly can't demand it from anybody. As it happens, I am feeling reasonably positive about the outlook for 4D, but I don't wish to be told that I need to be.

I'm never quite sure whether a bank holiday is a good thing or a bad thing in these circumstances. On the one hand it stops momentum. On the other hand , there will be plenty who catch up on this over the weekend and may want in come next week.

I should be clear I think it's a good update, just the language around NZ is noticeably more muted than some of the other projects, that's all.

Super-helpful, thanks AG. Obviously that scenario would be great. My concern is whether, given they don't have any projects at a commercial stage yet, they'll be prepared to be seen to abandon NZ even if it's commercially the soundest thing to do. I guess they'd simply go quiet on it.

Casapinos, I understand that and you're absolutely right but to my mind all that does is reinforce how relatively meaningless (yet highly influential) these broker notes are. A relatively modest swing back the other way would presumably see another reversal in the rating and the target price. It's predominantly reactionary, not foresight. I'm not saying they're wrong, I'm saying I don't see the finely tuned, differentiated professional skill here which warrants the influence these notes wield. This analyst has a 36% success rate on his ratings. That's pretty hard to achieve! Absolutely respect your view here.

Hi Casapinos. Really good post but with respect I think you are slightly missing the point. JPM may well be right in terms of their latest note and target price (I make no judgement on that) but in which case their previous note and advice was horribly wrong. Or the converse. What is certain is that unless there are very material circumstances and/or market forces in play, which in terms of unknowns there aren't, this note and the previous note can't both be right because the differential in target price is 50%. Not 20%. 50%. I welcome you to advance any other professional field where that sort of blatant volte-face is acceptable.

Your average six year old taking guesses would have a good likelihood of outperforming David Perry. Where's the professional pride and the corporate accountability?

Sorry, should say 'congratulation on' in first line. I have also sent.

I suggest a communication to Patrick Burton, media relations contact for JP Morgan Investment Banking EMEA patrick.o.burton@jpmorgan.com

"Dear Patrick, congratulations of JP Morgan's note yesterday downgrading RR from Neutral to Sell and revising the target share price downwards by almost 50%, a margin of error on the previous advice to your clients that would represent a colossal failure in any other professional field. Congratulations also to your skilled and highly remunerated analyst David Perry, who I note has a success rate of 36% on his ratings, an impressive -8% average return and ranking 7,589 out of 7,922 analysts on TipRanks. With such a standout track record, we have every reason to believe that this latest note is sound, well-intentioned and serves your clients well".

Not only employed, but very handsomely remunerated. Any of the rest of us who were successful at our jobs 36% of the time wouldn't have a job.

Thinking about Northern Zone and 'Exploration Target of 2.5-4.8Moz gold' I wonder whether those with mining insight could offer a view as to where this sits in the spectrum of commercial viability? I would infer from it being described as 'solid performance' that it's not automatic. Is it borderline or better than that? Thanks in advance.

Have thought about it in the past and am sorely tempted to start a site which highlights these colossal shifts in price target and invites the broker to comment on how and why they got it so badly wrong. Shift the focus away from the company (where often not a great deal has changed) and on to the ineptitude of the broker and how ill-served their clients are.

I'm not a holder here (yet) but have been watching this one with interest. The thing that always amazes me about these broker forecasts is that nobody ever seems to say (to use this instance) wow, so what you're saying JP Morgan is that you got it wrong to an almost unbelievable degree. You have supposedly skilled analysts who are revising their opinion by about 50%. I don't know of any of other job - apart from perhaps an auctioneers valuer - where you can offer such a meaninglessly wide range and still be considered an 'expert'. Imagine if an estate agent said "I value your house at £500,000. Oh, I'm going to revise that to £250,000". That wouldn't just speak to changing market conditions, it would speak to the lack of skill and credibility of that professional. I reckon most six year olds could have a stab at being a broker analyst and do just as good a job. If there are any in that profession on here, please do explain to us why your job is skilled when a 50% shift in price target is seen as acceptable. Forget shareholders on here. Why is it acceptable to your clients?

One of the things I like most about SCE is that they set out a clear narrative, keep telling that narrative, take actions that affirm that narrative and deliver on it. On the rare occasion there is any divergence, such as with the positive review of manufacturing strategy and the not-so-positive production challenges late last year, they are open, honest, realistic and communicative. In short, they are respectful to shareholders in a way that should be standard, but all too often isn't, especially on AIM.

I have precious little interest in cars (apart from getting from A to B) but this has been my favourite (and largest!) holding for a few years now and I have no plans but to gradually add and hold for 10yrs+.

Hadn't seen your post AG.

Paul, I think more than likely it was just linked to the more positive noises emerging from the Ukraine/Russia discussions and therefore some positive market sentiment, particularly those re-entering equity markets who had bailed a few weeks ago. All bar two of my holdings are up today, some significantly so and none connected to specific news flow. The two that are down are GLEN and BP, so again would correlate with a stronger likelihood of an abating of the conflict.

The main thing going on in the background is global and geopolitical!