Member Info for Dibs61

Oh bloody hell if I had a fiver every time I’ve read about a ‘£1 party’ right across the AIM spectrum.

Let’s try and get 15p first and take it in steps

I picked up the last batch @ 14

This is looking very promising I have to say

Agreed with Dodger. This 1 trade thing is a total market myth. Means nothing other than a MM balancing their books or something of a technical/accounting nature.

Hidden behind the rather innocuous title ‘board changes’ is an admission. An admission of abject management failure.

The announcement concedes the strategy of catalogue acquisitions through a combination of equity and - note- ‘expensive ‘ debt has failed abysmally. I am fairly confident it is a strategy that was pushed by the Grade/Dunleavy duo that came in with much fanfare. Dunleavy has since walked away. Now they are saying it is time for a rethink. Personally I feel they sat on their hands and stuck with this idea for far too long, no doubt in part due to MI’s patient nature.

It’s a shame they abandoned MI’s prudent stewardship of the company, he steered it through tough times and then got a rush of blood when the two big wigs started waving their cash.

I think it’s going to be another long haul back from here. Market credibility has been lost.

Assuming your figures come to pass the market valuation/PE will depend on the rate/speed of revenue growth. For example a growth rate of 25% or greater in the next few years and the PE could easily exceed 20.

And just under 4% more on the SP. That'll do nicely. Don't want any sharp spikes, just a nice steady rise will do.

Has an extremely valid point and it would be foolish to just dismiss it. I’ve taken a small stake here but well aware of the history, PF etc. So yes I’m cautious too. BUT. As someone else commented the jam is no longer just tomorrow. There are growing dollops of it being scooped out the jar in the form of one, and possibly now, TWO very decent MS accounts. I can’t quite bring myself to fully believe though and maybe that’s the way the markets feeling too. IF and once that changes, well we could see a substantial rerating.

Never fails to amaze me the loyal PI following here. Maybe, just maybe though things are changing. Decided to have a small punt again on Friday afternoon. This is surely the most quintessential ‘jam tomorrow’ stock on AIM. But. It has survived and all these years on is seemingly on the cusp of profitability. Prepared to give this another chance.

Feeks - Great post. Well done. Love your honesty.

Is this going the same way as Defunked?

That’s interesting up, could you provide a link to the article please?

Possibly. Even though it was a small number of small trades nonetheless the best day here for a good while. Not saying a lot! Especially after a steady sell off in October. Maybe a new month - new trend? We can but hope and be interesting if this continues next week.

It would matter not whether ‘JC’ was there or not. They are all there to ride the gravy train at your expense.

up - no just a slightly tired and facetious general observation whilst we continue the endless wait for a change in perception and sentiment here.

Ps looks like someone dumped rather indiscriminately this morning

up - I can totally understand your frustration. All part and parcel of this game of AIM (Casino) ‘investing’ unfortunately!

Boothy87 - yes

The explanation is simple. A lack of liquidity in the stock.

Hi Nice I think you make a good synopsis and I largely agree with you. However, the gp and health centre part of the business I don’t think was any longer core. Neither is F1m, that’s still very small. So my main concerns are twofold:

1. Their core business has gone
2. They have large debt to service which, with a core business was probably serviceable

So, there is way too much uncertainty about how they scale up the business at all from here.

All that said I accept my wording may be interpreted as deramping but I just say it how I see it. I wish you and other investors good fortune and success here.

This, imho, is troubling news. It’s something of a distress move, forced on them.

This has removed the rump, potentially £200m pipeline, of their business. What’s left? Not a whole lot. They’ve effectively got to build the business up again from scratch. I would take with a pinch of salt the idea they are going to gain any NHS business from MSI. So that leaves F1 modular.

But the biggest concern has to be the lingering £1.5m worth of debt so the debt gearing is over 60% at this valuation. Maybe it is serviceable short term but this cash boost, in their own words, is short term. That is the most worrying statement.

So yep I was out earlier today and doubt I’ll be back with the current prospects so poor.

We are at the ‘dossier review’ stage in the WHO prequalification process. This is progress because the last time I looked the status was ‘information requested from manufacturer’

hxxps://www.who.int/diagnostics_laboratory/cd4.pdf?ua=1

According to my research on the WHO website the average time it takes for the WHO prequalifcation process to complete is 270 days. So, on that basis we should, all being well, receive approval in June or July next year.

hxxps://www.who.int/diagnostics_laboratory/streamlining/en/index6.html