Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Those patents mean nothing if they hold no commercial value. The company will require additional funds in the next 12 months...........they're not gaining enough traction unfortunately. It's one I've been watching for some time but no realistic prospect as things stand
Some people love throwing good money after bad.
It's difficult to see how people are continually duped here. This dog really needs to be put down.
There are many better investments out there, for companies that you know, have a strategy and business plan and follow through on it........and don't get distracted by the next newest shiny toy
The backward looking results were as expected, no shocks.
Nothing to warrant such a SP drop. Well funded and plenty of pipeline opportunities near inflection point.
Wakey - be interested to hear feedback from the analyst call, if you could?
I noticed this paragraph in the outlook of the FY results...........can anyone explain this in more detail and if it should be a concern for shareholders? I note the board's stance but that doesn't mean much
16 September 2024 will be the eighth anniversary of British International Investment plc's (BII) investment in the Company. After this date BII's conversion rights on their convertible redeemable preference shareholding ("Preference Shares") will increase materially, from currently one-for-one new ordinary share, to one for 3.0833 (recurring) new ordinary shares. BII is the Company's largest ordinary shareholder and also holds all Preference Shares. The Company has the right to redeem all or part of the Preference Shares at the redemption price, which would give BII a 12% compounded annual return on their investment, subject to a minimum of USD 0.77 per Preference Share (less dividends received). However, the likelihood of such a repayment by the Company in this new financial year, or in the medium term, is currently considered by the Board to be extremely unlikely.
Was a rather poorly written RNS but had enough encouragement in there.
More contract wins expected imminently and sales pipeline strong. The conversion period is often dictated by budget setting and therefore we'll likely get a cluster of wins at a time. It is really gaining traction though, and on the pathway to profitability.
A very attractive price atm, will double in the coming months I'm sure
Exactly. Ukraine is mostly dependent upon western support and if that dries up, the war won’t end. Putin will take Ukraine and then move onto Georgia and Moldova. There is no plausible peace plan because you can’t negotiate with neurotic dictator
Good question skid, and based on the trades since, which have been below the price, it does suggest that they were transfers. I thought it would give the SP some impetus but it hasn't and there's been no change of holding RNS either.