PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Take a look at Light Science; LST.L appointment of Dr. C as Chairman!
Great RNS; "Valued at £130,000 and anticipated for delivery to the customer in April, this venture holds significant potential for follow on revenue in this new segment." and "UKC has secured orders since the start of the current financial year totalling c.£1.4 million in the pest control sector." and "Currently, the forward order book for the CEM division stands at c.£4.1m, putting it on track....."
I see that Redleg Rum is now on the shelves in Sainsburys, Tesco and Morrison's!
https://www.google.com/search?sca_esv=591690802&rlz=1C1GCEU_en-GBGB1062GB1062&q=redleg+rum&tbm=isch&source=lnms&sa=X&sqi=2&ved=2ahUKEwith9D3hZeDAxXXgv0HHR5zCx4Q0pQJegQICxAB&biw=2400&bih=1148&dpr=1.25
Those are sells not buys; final position 0% if I'm reading correctly?
"EAAS closed today at 5.75p reflecting a Market Cap of £20m.
If the Energy Management division represents 30% of the value of eEnergy and they sell it for £30m then the value of eEnergy is ~£90m (£30m being cash on the balance sheet).
£90m Market Cap is a Share Price of 4.5x 5.75p = ~26p
DYOR"
Its great to see this endorsement
Quantum; already now trading at 3p but its very difficult to buy online; getting a quote for even a small amount of shares is impossible!
This comes from the LST thread on ADVFN; worth reading me thinks....
"Today’s announcement is a very significant development in my view, which is not only earnings enhancing but also cash enhancing. It looks to me like a few details have been missed by the market which are worth restating here.
The deal is cash enhancing:
The initial cash outlay is GBP75,000, with Tomtech's balance sheet included cash c.GBP284,000.
The deal is immediately earnings enhancing in the current reporting period:
Tomtech reported profits before tax of c.GBP79,000 on sales of c.GBP680,000 of which GBP49,000 was recurring revenue.
Loyal CEA customer base across the UK and Ireland built up over 35 years
I also noted during trading today that the MM’s ran short of stock. Indeed, there were periods of strong buying followed by a bid lockdown on most online channels often lasting over 30mins. The market just kept running out of stock. One of those rare occasions when supply of stock was extreme enough to suppress progress. It will be interesting to see what happens tomorrow.
DYOR
I just tried again to buy but cant get a price; the MMs must be out of stock!
Tighter spread than usual; a good sign...
Much needed liquidity
Analystium 30 Aug '23 - 18:15
The TR1 on 25th Aug from Amati AIM VCT plc explains a lot.
The transition from 4p to 2.5p in May was clearly the funding round; my expectation was for VLS to trade back to 4p relatively quickly. The transition from 2.5p to 1.5p is now also clear and is a classic overhang with Amati AIM VCT moving from 3.91% to 2.89%; with 48m shares left last week.
So; do they need to sell it all? I assume that an AIM VCT cant hold US dual listed shares and this is the reason for them exiting; but I may be wrong; perhaps someone here could clarify?
We wont see another TR1 because they have dipped below 3% but at 1.5p per share with about 40m left that's £600k of sales to clear the overhang.
I'm with "The Imperialist", this is now a special market situation which may unwind quickly...
DYOR
That 5,600,000 trade at 16:36 could be the overhang cleared; will find out tomorrow
Currently trading at a 30% discount to the 2.5p funding round; there's a fund manager with a significant redemption issue that needs to sell. When the overhang is cleared this will rapidly re-rate.
Two further significant revaluation points coming up; 1) When they announce the matching funding on the convertible loan notes and 2) confirmation of the US listing.
DYOR
"House broker Cenkos Securities has taken note, raising its full-year adjusted pre-tax profit estimate by 10 per cent to £2.2mn on expectations that annual revenue will rise 35 per cent to £29.2mn. Brave Bison has over £50mn of historical tax losses (a result of previous management failure) that can be used to offset tax liabilities on future profits, so more cash flow can be recycled back into the business to support organic growth initiatives as well as further bolt-on acquisitions. Cenkos expects the group to generate £1.8mn of cash from operations this year and is pencilling in net cash of £5.9mn (6p a share) at the year-end, up from £4.8mn at the end of the first half.
On this basis, net of cash on the balance sheet, the £24.9mn market capitalisation company is priced on nine times forecast post-tax profits this year, a deep discount to sector peers. My 3p a share target price could prove conservative. Buy.
From the Cenkos Note on 20 July 2022. "Valuation – Brave Bison trades at a discount to peers across EV/Sales, EV/EBITDA
and P/E metrics, we believe EV/EBITDA is the most relevant profitability valuation metric to focus on at this stage given the sizable net cash balance that could be deployed. On this metric, Brave Bison trades on an FY1 EV/EBITDA multiple of 5.9x versus 8.9x for peers."
Great presentation:
https://www.youtube.com/watch?v=KFWcYIP68bw
Greenlight introduces new senior management team
https://www.greenlightdigital.com/blog/featured/greenlight-introduces-new-senior-management-team/
Great news!
Brave Bison welcomes Buster Dover as new COO
www.bizcommunity.com/Person/196/12/11681
Brave Bison has appointed Buster Dover as the group's COO. Dover, who was previously the MD of Zinc Network and MullenLowe, has worked in the creative industry since the late 1990s. His career has spanned advertising, digital media and social change agencies, from small independents to large networking groups.
Hannah Kimuyu was also promoted to managing director of Greenlight Digital. Formerly director of paid media, data and analytics, Kimuyu will be responsible for performance channels including paid media and SEO as part of the new offering, using her knowledge of the Greenlight business and digital space to unlock new opportunities for current and future clients. Her appointment also heralds a new, more integrated way of working with existing clients. For the first time in the company's history, paid and earned media will be overseen by the same executives.