Member Info for Dartron

I am not worried about rising costs affecting sales for Epwin. I just bought a new front door, had to wait 8 weeks due to demand for it to be manufactured (dont know if it was an Epwin one). Fitters told me they were very busy at the moment due to energy prices. Add in people may wish to renovate rather than move house now. No sign to a slow down to new builds near to me, look at the product range Epwin sell, all used in new builds. Then at some point they have got to sort out the housing association stock. If your door is broken, you have very little choice but to replace it.

From the RNS:
The need to improve the energy efficiency of the UK housing stock is growing in urgency, given the UK's net zero commitments, the widely reported increase in energy costs and the historic and longstanding backlog in housing maintenance.

Bought in this week, another bottom buy for my pension. 10 years off retirement, like to think there is time for this to do very well. Also bought Euro-cell for the same reasons off the lows. My DD so far shows 2 very well run companies.

I am still undecided about the investment case for AMTE. I think you need a 5 year view here, and I would estimate a takeover quite likely within that time period. This is where the likes of BP should be investing, IMO.
Anyway, to reply to a few points as someone involved in the design of these battery packs, but wearing my investor hat:
I dont think the cell technology is the important differentiator here (yet), it is going to be the facilities and the capability which will matter. To see any meaningful progress we are going to need to see increasing orders and progress toward building their own factory. Most OEMs already have their own cell supply/production facilities, the money is to made in the Joe Bloggs companies who are electrifying everything from utility vehicles to sports cars. I also like that AMTE can appeal to other industry sectors such as storage - this could be a huge win for them once the government pull their finger out (though id also fancy IES for that too).
£100 per cell might be a little high Tenapenny. With a typical amount of cells in a EV battery being around 200, you can see that the 60,000 is actually 300 battery packs per year. Not to be sniffed at, but this would be one or 2 niche customers like i inferred above. However, note the contract is not a sales contract as far as I can see, it is an agreement to manufacture up to that amount. I am not finished in my research here yet, and after buying in higher, I have no choice but to hold for the moment.

I would also say, look at Ceres power, or ITE. Both of those companies were grossly over valued 12 months ago, so even if the business case does not fully stack up, it doesn't mean there wont be growth in the SP if we have another green boom.
60p is obviously the floor due to the CLN, so all to play for I think. I will be looking to get my average down, to make it easier to exit if I decide, and then watching very carefully at the finances to mitigate being stuffed by a Placing which must be a mid to high likely hood here.

Premier Miton today announced FY results, and kept their dividend at 10p per year. (6.4p exD Jan 13th).
This morning it was a FY yield of 10.8% if you bought. Or a similar I3E yield just on the final Dividend which equated to 7%.
Has since re-rated considerably. I sold some of my I3E and put it in there on Monday this week in anticipation.
I like those V markets interviews, they generate a lot of ideas for me. Though PMI was not one of them, just a sector having a re-rate.

Dead share? Well its not a dead business. Egdon will still be coining it in at current prices, although their exposure to gas is less than I would like. I am happy holding a chunk of these, knowing that at some point the next step will be announced, whether that is the gas turbine at Wressel, or some movement on one of the other licenses (with more gas exposure). We also have the - could go either way - event of Biscathorpe, which Mark said in the interview, should be this year. If planning is refused, there are other projects they can pursue, Id like to see movement on Resolution and Endeavour gas discoveries. That could take us to the next level if we can get a partner. Until then, it is an investment that is earning currently 0.5p share, which at 3p is a PE of 6. That is ok, but yes dull to watch on a daily basis.

Very happy with those, Dividend maintained and CEO says money coming back in to funds.
I bought this twice, once at 88p and sold for 98p, then watched it retrace to buy them at 92p this week. What a bargain, this is now offering me a 10.8% dividend yield.

Unlike Leapinglemming, I sold my shares at a loss twice now. I am gingerly buying them back now. I would have to dig out records to know whether it worked out well or not financially on the trade, but I am absolutely convinced I put the money to better use elsewhere. This has been a poor investment for anyone who has held for over 24 months, when you think of the bull runs in metals, then oil. I think it could touch 60p, and begin to climb early next year. I will buy a few more if we get to 65p next, but fundamentally I am averaging in over time not share price. Current average 72p. bought back 1/4 of what I had.

Yes no profit warning. But also no profit either.
Reported loss before tax on continuing operations of £(4.3)m

"the weakening of sterling against the USD and particularly a £0.9 million charge relating to revaluation of US dollar liabilities due in May 2023 and May 2024"

Anyone know what or how much this is? I am assuming it is quite large, if the FX charge on the amount was nearly 1M.
SWG's accounts hide a lot of stuff IMO. Their income may be weighted to the second half, but they are low on money, and there in black and white they have a bill to pay in May 2023. So assuming balance sheet will remain weak for some time.

oogle, C'mon its 55M of intangible assets, plus a deficit of 6.8M non current receivables/payables, with about £2M current assets. Very shaky ground IMO.

Rivaldo posted these numbers earlier:
Cenkos have reduced their forecasts:
this year - 2.4p EPS
next year - 4.7p EPS

So currently at 95p its on a PE of 37.5, with uncertain balance sheet, and a track record of underwhelming us.
Although in reality, it is unprofitable so PE is a misnomer. Seems waaaay over valued still?

Current cash was less than current liabilities. They might even need to do a raise.
Naughty when the last raise they did was to buy another company, but now that money has been frittered away.
Operating costs are too high for the revenue, and recent tax hikes will hurt these guys.
I dont see a buy out happening, as the group of companies are not really profitable. Their biggest assets are the people, and they can leave any time which is standard practice in the IT world.

Maybe he means fully funded until March 2023?
The equity balance is negative, they owe £2.7M due in 2024.

I did say it would look like 2/3 dilution. The new shares represent 62% of the share capital. All this for net proceeds of £1.36M. How can that be enough when they have so much debt? (2.8M in convertible loan notes). They go on to talk about cost saving, but its revenue growth that they need. In reality, this cant be the last placing. I would expect further dilution here.

Anyone not in an isa or SIPP..

Dividend allowance will be cut from £2,000 to £1,000 next year and then to £500 from April 2024.

Bastards.

Chart set up was beautiful here. Easy buy back to 100p+

Can any one explain why there was stamp duty on these shares. I thought there was no SD on AIM shares.

Interesting posts. I dont know why you think you have been screwed, and who you think it was that screwed you. I am assuming you invested on your own free will, and had the option to research the company. I am also assuming that you could have sold at any time, after any announcement made by the company. Did you look at the share price chart, as far back as 2016, and observe the decline. Did you read up as to why the price just went down and down?
There isnt anything wrong with the product, or the company, or the management. This is how AIM works. Companies like this come to market, and raise money to try to make a success of what ever idea it is they have. In this case, they have been at it 6 or so years,and it is still not successful enough to support itself. However, unlike some companies, I think they have genuinely tried and acted in good faith. All investments carry risk, and funding companies before they are profitable is a very high risk investment strategy. The software sector is probably one of the highest risks for unprofitable companies, because software is constantly evolving, requiring a lot of capital to pay for the development. Not sure where this goes next, I am now an intrigued bystander.

Yes, those were shares in Verici Dx plc. I had to call Best invest for another reason, and checked.
If you change SIPP providers, there is a redirect active for 6 months, so these should port across to II in due course.
I shall add VRCI to my watch list and begin my research on the company.

Agree, and we dont need the hassle. Can you imagine, high court injunctions, protesters etc. Not worth it.
Hopefully Biscathorpe next, that will upset enough people on its own.

I have bought more today and yesterday. I think the shares are under valued based on producing assets and likely cash.

Seems mid caps are recovering somewhat, helped by the stronger pound, and slightly better government prospects.
Many of these stocks were shorted over the last couple of months, and this is why many of these are ticking up now.
Hopefully HSP can start its way back over £4 now, but I wonder if there is extra upside here due to the Sunak effect. The leveling up agenda is all about building big infrastructure, so possibly a better outlook for HSP. Just a guess on my part.

Honestly great news today. EDR should focus on Wressle and Biscathorpe, get the revenue pouring in and look for a bigger conventional project. Hope we get some good news regarding gas processing or Biscathorpe very soon, I think 4p will look cheap after either of those items. Not sorry Fracking has been banned, lets build a business we can hold our heads high about. No way will Sunak or Schapps want Fracking, the Tories are toxic enough already.