Member Info for Dartron

The Dividend yield is below the base rate.

Porky, I took the options granting as a very bullish signal. Bearing in mind that the FY accounts left some thinking that a raise was coming, I took the issue of options as a signal that a raise is very unlikely. This has allowed the directors and founder the chance to significantly average down to a more realistic price. The alternative would have been a huge discount placing where they could have bought in at what, 0.4p or something silly. The options are going to be at market price, so clearly provides an incentive for the BOD to increase the SP here. Yes, we could bash the company for getting in the situation where the price is below the current options, but the current options are at prices of 30p+. Fact is (as you know) this is a start up and it has taken longer to come to fruition. During that time, appetite for capital raises has seriously diminished, so the last round at 2p was in effect the discount placing. I am not defending the performance of the board, but looking at it as an investor with a holding very near the current price, I took at the options with relief that the BOD are not getting in under me. Recall, no BOD has shares under 2p and you can buy under this today.
My hope is that they have visibility of cash / new contracts imminent, raise is not needed, dish the options out at todays price, then drop positive news and re-rate can begin. I can bag here before they will sell those options.

No not at all cheap...
house broker Shore Capital expect to rein in their current-year revenue estimates by 22 per cent to $132mn to factor in ongoing currency headwinds that could reduce euro-related sales by $12mn (mainly in the bio-medical division) and to strip out the $25mn diagnostic tender from forecasts. On this basis, expect their 2023 pre-tax profit estimate to be slashed by two-thirds to $5.8mn

It is not oversold, if anything it is still very much overpriced, on a PE of 40. I know you like Ebitda, but but even that requires revenue as an input. SOP valuation using Ebitda multiples... quite tenuous i think (and clearly so does market).
Think this should drop to at least 15p historic (previous DECADES )range.

Yeah that looks helpful Undercover. I dont understand why people are so keen to be out of this share. They have performed very well to date. I would also say that yes, the company has an incentive to purchase the shares slowly so as not to push the price up, but on the other hand they own significant investments in APH and FIF and are building a stake in TRI. If one of these investments has a catalyst it could then re-rate the shares here. Therefore LDG may lose out if they go too slowly. Perhaps they will step up a gear in a week or two?

After all that, someone is buying today...

They (Blackrock and JPM) must think that an offer is unlikely, or they wouldn't take the risk. Guessing most big holders underwater here, so a low offer would not be accepted. If anything, it would be nice to see Ashcroft buy some cheap stock. I guess that is the shorters biggest risk, as it would be their stock getting bought! I think with computer algo's they would know pretty quick if the stock started getting bought in volume. My own theory is that short sellers sell and buy at the same time. i.e. sell for £5.40 and buy at £5.50. So it is costing them 10p per round trip per share. Probably only takes 100k shares per day to drop the price, so 100k * 10p = £10000 cost. However they taper off what they buy, so only buy back 80%, causing excess supply. (£8000 cost). After a few days all the appetite has been over come, and then once the bid is much lower they can then taper up to say 120%, and recover stock at a cheaper price. But there isnt really loads of stock available. So If Ashcroft started buying, they would know very quick, and react accordingly. Not sure now it works with 2 shorters, because really short 2 is helping short 1 close out risk free, and short 2 is taking the risk for short 1 and 2.
Having read up on this stuff a lot, I am afraid that the shorters are experts when it comes to fundamentals, and will have determined that this stock is over valued. Which it is given that the risk free rate of return is about 5%. I shall buy back my stock as long term the opportunity here is probably several 100%. Hedge funds are not long term investors however. This has to go below £5 IMO.

Lord Michael Ashcroft – 11,877,361 12.39%
Octopus Investments 7,095,362 7.40%
Capital Research Global Investors 6,747,178 7.04%
Slater Investments 6,034,759 6.29%
Abrdn (Standard Life) 5,238,816 5.46%
Mr Alexander Peter Dacre 4,683,846 4.89%
AEGON Asset Mgt 4,409,488 4.60%
Canaccord Genuity Wealth Mgt 4,321,740 4.51%

Thanks for the link. I sold my MRL shares around 570 due to the short. I see JPM have joined in now.
Will buy back, but this is going lower first.

Hey welcome back Humpty, Yeah it sounds like I have a lot of lawyers, but it is only about 12% of pf. I have all sorts in there (no resource plays). I have over 20 stocks/funds, just personal choice and enjoy it very much. I take your point, but I think they will offer reliable dividends (6%) and a chance to trade. I do think the sector will re-rate at some point. DWF I am almost in at the bottom, I think barring a disaster that should do well. RBGP, already in profit. Will hold and see how the debacle unfolds. knights, well I am damn well going to exit this with at a least a small profit. Listening to interviews, Beech needs a good share price, as its part of the acquisition package. When small caps re-rate no reason why this wont. ATB Humpty.

That sounds like a fools game to me. I think you have a good entry there, why cant you hold it. Everything you said to me, is also true for you, on the next higher time frame. i.e. on the weekly, you did try to buy the bottom. No trend has been established yet. I think the rise was a short closing after the II buy. Im sat here all day, so I saw it pretty early, and just bought the break out on the day. I had to sell it, as I have enough here, and at least I can attribute some profit to Knights now. I am also waiting for the dividend payment I think. I will buy again if I see the set up. But I dont think there is much reason for KGH to rerate currently, not compared to everything else. I think 70p is a cracking entry if you have a +1 year outlook, but we need news either here, or in the sector to get excited. I topped up on DWF too, its better investment, as its currently 7% yield and much lower PE. I think that one goes first then Knights follows. I also bought RBGP this week, if you like scandal and risk. I should say this is a pension for me, and I cant access it for 10 years. I still contribute to it, so I can just keep buying if I am happy with the company, therefore further drops do not worry me. Though my asset allocation is swayed more to 7% yields currently. I hope to top all the legals up one more time before sh*t gets real!

Have to say, when I read the results on the day, my initial reaction was that it might drop further. I dont think it will just recover to 40 without further news and trading updates. I agree the story is promising but the recovery will a lot slower IMO.
I actually sold mine at 30p a few days ago, I dont see it going anywhere soon. Much better things that can be bought in the mean time.

I think if we go back through the chat, CaneToad, you even called about 65p. What a shame you didn't act on it. It has done 16% in 2 days. I took some at 67 but sold them yesterday at 71.5 as I already have enough. Would have been great to sell them today, but happy with some funds to play elsewhere.

Another example of confidence from the BOD. Options being re-granted at the current price (not lower!). With 3 year vesting period. They obviously think this will work out well for them.

existing holders of outstanding options over Ordinary Shares will be invited to surrender their current options and would be granted new options (the "New Options"), exercisable at the market price of an Ordinary Share at the time of grant, such number of options to be determined by Osirium's Remuneration Committee. It is anticipated that the New Options would be subject to a three-year vesting period.

Up to 12%

Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.

This is far better than David Beech buying, this is independent verification, and surely shows that they see value at this price.

When this took off, I felt my holding was too small. I tried to get some more, and I think I was offered 4.05, which i refused. I wanted under 4p. Not bought since, due to funds but dont be down about the share price. What a gift.
This will only sell of to last placing, which was 3p. There are many reasons people sell, some completely unrelated to the stock market. I really hope I can get some of these before price takes off again.

Lawrmyer, where did you see that. looks like Twitter but I cant find it.

I wish people would stop inferring these underperforming companies are ripe for a takeover.
All SWG is - a load of companies that have already been taken over. There is no synergy or cost saving as a group. None of them really compliment each other, it is just a basket of small cyber companies. If you were private equity or large player why would you want this jumble of loss makers. What opportunity does it offer? Brookcourt is the only decent thing here (revenue wise). If I was PE, I would take that and dump the rest, but not at this price. Its still well expensive for a takeover. Think of the costs of dumping all the ****e, and likely majority control that would vote a reasonable offer down.
I have discussed amalgamators on several shares. I like Knights legal, where the buying is focussed and complimentary. I am a little hesitant on TPX, but at least they have good revenue. This is just a failure in terms of amalgamation.
Possibly due to its mining heritage, they bought into the the next big thing 'cyber' with no clue. And what you are seeing now, just like Blackbird plc for an unrelated example is that - yes there is some demand for their services, but only if they are subsidised on the AIM market. If they had to stand on their own feet the company would be bust.

A massive red flag here is that they never list the revenues and profits from the individual businesses. Why is that? One is keeping all the others afloat I think. So I cant give you a value at what price this is ripe for a takeover, in fact we cant even value it. Id guess around £10M. I Just checked, SWG paid £30M for Brookcourt, but really it was £15M + £15M in shares.
Then they had the cheek to raise £17M to pay for it in a placing. Guess who trousered most of the money and a job for life.
Reading it through it actually sounds like a reverse takeover from Higgins.

I didnt realise this was shorted in December. After you mentioned the new short this week, I noticed.
I wonder if that is an old short covering, at Blackrocks expense. I am keeping a tight stop loss here, it could plummet next week. Sometimes, Shorts start by creating buying interest, that way they get a better price when they sell short.

Dammit, was going to add this morning at 2.52, then had a work meeting! FFS

Bob Holt, Chairman of Totally, yesterday purchased 100,190 ordinary shares
£16k, that is a bit better.

I am pleased with the outcome, but that RNS is seriously lacking detail. After discussing it this week with SeaTank and noting the complexities around this, the RNS is so short, and frankly could have been released 1 week ago (around the time of these £60k buys I mentioned). I still hold.

New 52 week low.