Member Info for Dartron

Https://www.fool.co.uk/2023/07/12/these-ftse-250-shares-have-quietly-rocketed/

I remain confident that Moneysupermarket.com (LSE: MONY) shares could register excellent gains in 2023. They’re already up 35% so far.

Seems like a good entry to me. I also hold LDG, so already have exposure here.

I think its worth having a few here as a buy out is so likely.

Raised it 1p in old money to 76p. Think it is a re-iteration.

I think DWF have colluded with Inflexion. Management must be looking at some good terms here. Why was the recent trading update missing any profit guidance? I felt this was shorted, and it was, to get a cheaper buy out.

No worries. He is right about the market and bad news. I have a few more reporting this week, and half tempted to sell prior. TLY was quite a bum tip on his part, I think he should of been more aware about the operating margins, and the tip was after the contracts were lost. His tips serve as a useful list of stocks to look at however, many lower than when he tipped it, if you have the patience and the stomach..

Not looked here fore a while, the poor sentiment he mentions in the general market, would be my concern here. rightly or wrongly.

My stop loss got triggered in some manipulation a few days back, at 131p. Whos laughing now eh!

Good news here. Still holding.

Simon Thompson moves to a sell recommendation - Time to sell this disappointing healthcare minnow

https://www.investorschronicle.co.uk/ideas/2023/07/10/time-to-sell-this-disappointing-healthcare-minnow/

Jefferies raises Jadestone Energy price target to 54 (50) pence - 'buy'

Read the first few pages, I dont think this would be top of my list for investing in. I would rather give this a year to see what the turn around looks like. I think Rigby and Ghandi have done a lot of damage here. SeaTank, have you looked at MTEC? similar co, at least for comparison.

That is a good entry price, I think you can afford to hold on. I too like(d) the idea of the recovery potential here. I think I was too early, buying in at about 90p and selling at 80p a few months later. At the current price is looking attractive, but you didn't comment on the cash situation? Partly why I posted the SW article is that it has a point that it is rather dangerous to invest in a company with dwindling cash. I do think progress has been at a snails pace, and Miles lack of shares purchases tells me that we have further to go before we should get excited.

NoCheedar, I may read the Cenkos note, but they are probably paid for by the company and likely to be very optimistic. I often use those notes to get the bigger picture (not necessary here), but experience has taught me not to invest based on the house brokers spin.

I expect I shall use a chart based entry here. Follow big money - if it ever comes here looking. Best of luck, I will pop back every now and then.

I just watched - he says an acquisition may have a minimal equity component to it, then is talking about buy backs. I think I would rather that they paid the loan, and built up some cash, so in effect increased the book value which should also increase the share price. I cant see the point in a half baked buy back, if they are going to issue equity when they find an asset, and take on a load more debt. I think the past 18 months has demonstrated that better financial management is required, and to make it clear I am referring to the balance sheet and having some reserves.

I cant find any update for cash since YE 2022.

Other board has a good discussion if you have not seen it.

Oogle, can you point to me where you got this £10m from? I can see this from FY results:

Cash in the business at year end December £4.5m (2021: £11.8m). Could this be lower now?

I work in this type of business, do you realise the costs associated with keeping all of the employees, regardless of component shortages? Google says there are 600 employees (seems high to me) but you get the idea. In my own line of work, we have not had component shortage issues for a long time. I think the SW article is just highlighting that the business is rather poor, and not generating anywhere near enough cash.

Revenue 18M

Cost of sales 9M

Admin 9M

Left with ? Not much.

Tangible assets

PPE 2.6M

Cash 4.5M

Inventory (which is not selling) 10M (could this get written down?)

Basically £12m of assets, on a company that is likely burning cash. I can see where SW got their valuation from.

Regards earnings, it looks flat to me from investors chronical research portal, though they had a good year in 2019, however this is a mute point for me, I am only interested in what has happened since Miles took over, and it has declined:

· EBITDA at £2.1m (2021 restated: £4.9m)

I don't blame the CEO entirely for this, I do remember the tough times we had, but I just think there are other problems here that we don't know about. I am not sure about Miles, I think this is his first PLC appointment, and I don't think he understands markets or AIM. The company is especially poor at IR. I regularly check in on the company on linked in and the like, it looks a great company but it isn't making any money, in the defence business while there is a war on. FWIW, I hold Chemring, and this has pulled through all of the issues here, but price has not really re-rated yet, They are far more diversified as well. I might be tempted here, more that it gets bought out by PE. I think they have had long enough to turn this round and they seem unable to. Is it the core products? Look at this line form the post achievements, Successfully winning the first Systems win in excess of £1 million in value since the launch of the revised business strategy. Its taken nearly 2 years to win a 1M order. WTF.

My genuine worry now is they hit cashflow issues. Not sure what they would do in this case. £40M mcap, maybe at £30 it gets a bite from PE? Thoughts?

Ah, forgot to mention that clearly he was NOT the block buyer, who bought more than him yesterday

Perhaps he just feels the company is very undervalued at this level, and thought it was a good use of his cash. Bear in mind this was IPO at £1.22, in which he sold controlling interests, so to buy back at 17p is pretty decent. Scanning down the RNS, this appears to be his first purchase since offloading at the IPO. The company has not raised funds since IPO. I take the purchase as very welcomed and demonstrates the upside potential from here. The SP forecast I have from the IC platform for next 12 months is 40p, so effectively doubling his money (and mine!). If there is news in the pipeline then great, but I expect a company like this always has news in the pipeline. GGG, they already preferred suppliers to the government as far as I can tell!

Given the quantity of stock that was bought today, I am surprised the bid didnt move up. I think it is a buy, most of the 200's were below this price.

Sudden dash for the exit, Placing?

There are at least 3 stake builders here too, all of these have increased since April.

Sarasin & Partners LLP 5.41%

CRUX Asset Management 5.05%

Stonehage Fleming Investment 5.04%

% of AIM Securities That Is Not In Public Hands --- 42.27%

One thing is for sure, is that when the next news drops, there wont be many shares sub 20p IMO.