Member Info for Dartron

Happy with the update here, and will continue to add to my holding. There was quite a sharp drop in Crude today, so that may go some way to explaining a fall here, though I think with such low volume, the price will be manipulated and its just a long term hold as long as oil holds up.

Hi, Intel chips are not used in automotive. Brands such as NXP, Renesas, Infineon, ST are used in automotive. I personally think the shortage has peaked, and by Q1 2022 supply will be back at reasonable levels. In the mean time, this is a chance to get a fantastic entry on a share / commodity that over the next few years should recover back to full strength.

Numbers should be good for H2, with lead up from H1, Zinc at high level from H1 and copper up from H1.
Easy to predict the gross revenue ~210M, but not so easy to predict what ends up on the bottom line. Hoping for around 30 to 40% increase on net earnings from 2020. EPS $0.35 (£0.25). On typical historic PE of 10 - 13 -> Sp of £2.50 - £3.20.

The issue is that as economy's weaken, copper and CAML will sell off, which could wipe out the dividend, especially the H1 dividend being discussed. Sells from Friday did not look good.

I bought in yesterday, agree. This is the ideal combination of businesses.

When I read in the investment media about AO, the articles imply that people are reluctant to shop online for appliances.
I really don't understand this, buying an appliance for me, just boils down to features , spec and price. Why would anyone want to traipse round Curry's looking at a very limited selection of white boxes? I have been buying on AO for as long as I can remember, and I dont know anyone who would still go to a shop to look at a freezer (even older parents etc).

There seems a disconnect between how well AO is adopted, and its reporting or analyses.

Last year we did buy a tumble drier from AO on Amazon as it was £10 cheaper than AO direct. After determining what we wanted, AO on Amazon was the best price, job done. It got delivered and that was that. (I have just put in a warranty claim but that was direct to Hoover).

I was reading about Shoe zone last night, who are ramping up their online presence, now in this case where I would want to go to the store. (well not the Shoezone store but you get my point).

I have sold. Managed to exit somewhere else too, and combined entry in to BVC. Results next week. Might start dividend, tipped by a few news outlets, though I was already watching them. 20% feasible in a few weeks. At least it is a profitable company with a cashflow, that is a start. The other company I sold was also a 'resource' company.

I made a small gain here last year, which I have now given back LOL.

My advice to anyone on a large loss here is: Take action at 30%. Either average down or get out. After 30% loss your chances of a decent return diminish greatly. Every week you sit here hoping, the market is throwing up opportunities else where. Not nice realising a loss, especially if it later goes on to rise, but you have to prepared for losses on AIM, and managing your losses will assist the winners way more, than hoping for a multi bag.

Good video here about the AIM
https://www.youtube.com/watch?v=mNt1hF7uM4Q&ab_channel=MichaelTaylor-ShiftingShares

Ends by saying, 'Remember you are playing around in dog muck' LOL how true.

F79, yes 35% down on what was a small punt in the last few weeks of the EA. Wont be here much longer.
Not possible to conduct due diligence on a firm like this, don't kid yourself. Its punt. Good luck to you.

Was watching a video, where they discussed NOMADs. The issue is that they are still paid for by the company. They also do not charge enough money, to perform their function diligently. Then (as is the case here) some companies roll both brokerage and NOMAD into one package, and it is almost a conflict of interest. Unfortunately, the NOMAD has very little interest in policing the company paying their fee's, and if the issues are a little blurry, will almost definitely opt for an easy ride. The FCA are also not interested. I would say that ARCM, almost systematically push the boundaries of what they can get away with. They wont update the market until it suits them. They know that there are enough mis-informed 'investors' out there, who will pile in on some flimsy promise when needed.

And while typing this, they put a picture on Twitter. People are so desperate for news, that the Twitter picture instantly becomes enough re-assurance, when in actual fact Ella's post is correct and all those questions are not being answered.

I did just put a warranty claim in on my tumble drier.

In all seriousness, hope yo get some of these when funds available.

Do you know what the strategy is for selling these equities? What have they done previously?

The ideal scenario is it takes a bit longer, and in the mean time the company are able to issue something that helps raise the SP. Currently 1.2M is looking like 3% of the issued shares.

Slurms, Im not Ella. I was trying to show how the last 3 posts at the time applied to the statement I was making. one of them my own post. You need to move past all that sort of stuff. Im not here to deramp or ramp the SP, I was just interested in the topic being discussed, as originally stated it tied in with the book I was reading etc etc.

What I have learnt, by having accounts prepared, is that accountants are always interested in 'the situation at the time'.
Seis - It may have been true when it was said.
Slurms - It goes in cash equivalents because that is the situation at the time (if maturing within 90 days which it was - at the time).
Dartron - Hence why it was 5M on 29th June, then they revised the deal and lowered their cash equivalents. Very clever.

Night all.

It reads to me that the casa deal was revised (RNS 5th may) so the old 5M loan note which would have been cash equivalent on the date of the statement (RNS 29th June) is now revised to 3.5M Loan note + 0.75 + 0.75.
Assuming the deal has not closed yet, then cash equivalents should now be 1.5M less than stated on 29th June. (Pretty clever trick IMO) However on close of the deal 1.5M arrives by 90 days from close. (0.75 at close, 0.75 90 days later).

But hypothetically where else can you put a loan note that matures within 3 months other than cash equivalent.

Ahh, you guys have made me open my book a week early.

If anyone is wondering the book looks like a good starting point. The idea of the book is to explain the financial statements, and what that then means to investors. Appears to have some well known companies as examples.

I think Ella's post was correct:
Cash and cash equivalents is a line item on the balance sheet, stating the amount of all cash or other assets that are readily convertible into cash. Any items falling within this definition are classified within the current assets category in the balance sheet. The two primary criteria for classification as a cash equivalent are that an asset be readily convertible into a known amount of cash, and that it be so near its maturity date that there is an insignificant risk of changes in value due to changes in interest rates by the time the maturity date arrives. '

The book says "cash and cash equivalents include money on deposit, with a maturity of 3 months or less, companies can hold cash in several currencies".

I might look at the final year results for a company like CAPD, who probably have convertible loan notes, and see where they put them. Ill let you know.

im looking, give 20 mins. boys bed time.

Interesting thread guys. I just bought 'Understanding company financial statements' RH Parker penguin business books. Easily pick up a copy on Ebay for under £10. I am waiting to go on holiday to read it. Im sad as fk Lol.

Both very similar scenarios in terms of dumping stock, even the third scenario that some one who bough well under the current price can continue to keep selling. If you had many million of these you would need to sell them in dribs and drabs each day, what ever the market could consume.

You may also be happy to sell some at a slight small loss, if you have to clear through them anyway. As long as your bottom line is in profit, its better than holding the risk. There could be multiple sellers, each trying to sell but not collapse the price.

So Ella, you are implying it will be bad news hence the rush to sell the shares?

OK DP, CT, yes add to that everything is down. Hence why im thinking of going all in on something else, but hard to fathom. Hence frustration at lack of comms. Agree this is now undervalued, but if there is a raise, it will be lower than current SP at the time, if not agreement and a lawsuit that could drop the SP even more, as it is a waste effort and cash more delays and more uncertainty.

If they cant do a deal, just sell it and move on to the main event.

Bard, im sure we are not the only 2 to share this opinion, general market seems to agree.
It was DP who suggested negotiating by the press, mis-interpreting what I wrote. Iv had issue with several of his other posts, in his approach to the other poster, so he is not somebody I would want to engage with.

It is worth continuing to discuss this as and when. It doesn't matter if others don't follow the theory. I feel a bit stuck here now, 35% down and expecting a placing. On that basis, not much to discuss. Very tempted to bail, trust my instinct that I can buy back in sub 10p after placing. The only bit that doesn't fit is Pham's options, but we dont know what money he also receiving. I think those options had a long timescale on them, so could be for 5 years time. I really dont see this jumping much higher than 13p on Burundii resuming. Thoughts?