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The $6m question is will the recognition and publicity that this award generates lead to more business, more sales, in India? It is VAST market that could be tapped into. One positive is that an investment boom is expected in India as various factors that have held the economy back over the past 15 years somewhat disappear. Red tape is being reduced too. And Feedback are now ‘present’ in India as a business.
In the trading update 18 Oct they said:
“Hardide expects to announce full audited results in early February 2024.”
So results are due very soon and although we pretty much know what they will be its the accompanying statement about post year ending trading and outlook for the months ahead that is of particular interest to me. I am expecting positive noises from the company.
I am ‘hoping’ that they are holding off from announcing results as they are ‘hoping’ to have some good news to announce alongside (or perhaps before) the results. I am sure Tom would prefer to avoid another investor meet which is little more than jam tomorrow promises again.
QVH Sussex must surely be concluding or concluded. Tender closed on 7 Dec and look, I know it takes time for anything to happen in the NHS but for the love of god surely there is a decision imminent! I think that will open the floodgates or, if not, the extended pilots being successful will! One last thing to mention I know from working in the NHS previously myself sometimes decisions are pending on budgets allocated and resourced.
Onsolidground - I haven’t found the Shell news yet but it’s a trend in the sector…..Note the following from BP:
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/bp-ventures-into-green-hydrogen-production-in-a-strategic-move-24677
Miiiiiiike (sorrrrry if that’s the incorrect number of ‘i’s) I’ll have a go at answering.
It’s possible that, due to the size of the order, it had to be ‘filled’. That is to say it could not be executed immediately but had to be be held pending a sufficient amount of stock at the right price becom8ng available. Thus, once it has been filled, the price can reset to a ‘correct’ level according to demand and supply, and since there were more sells than buys a modest drop back occurred.
This tiny company is potentially a significant player within the niche market they operate in.
They have a moat, a USP, excellent IP. But it has taken a long time to get to where they are to now. The opportunities are now opening up. The main issue, from what I can see, has been about scaling. It remains an issue but the obvious solution is to be acquired by a bigger player with more scale, breadth, resources, finance etc. I am convinced this will now happen because potential suitors can now see the growing commercialisation of the business. The orders are now flowing across a variety of industrial sectors. Hardide has a TINY valuation. Crazy really when you think what they could easily become with the right company buying them.
This is a sitting duck folks.
They have said they will update the market as intercepts come through. Drilling commenced 9 days ago.
“Although the RC programme is expected to conclude in four to six weeks, we will update the market as intercepts are made available over the coming weeks. Samples will be sent to Intertek for assaying and first assay results are expected during Q1 2024.
"This is an exciting phase for our flagship Atex Project and am looking forward to announcing the assay results in due course."
I’ve taken a small position here and will see how it goes.
Annual results are due in early February so likely in the next 2/3 weeks max. We’ve already had the trading update so the interesting part will be an update on post year end and the Outlook. We may also have an update on the CEO appointment. Matt Hamblin the recently appointed NED looks perfectly suited for the role but he does have another position elsewhere.
Look at the chart. Certainly From a technical perspective this is going to 10p nailed on.
That would value the company around £20m (with sales of £0.5m)
Still not ‘cheap’ on fundamentals but I appreciate some would argue the technology is worth it.
And I wouldn’t argue with that but markets are not rational.
Onsolidground- agree with your points and I also feel that we are beginning to see shorts close their positions. Which of course requires them to buy back the shares they sold. As I mentioned earlier I just cannot see what is left for them to hang on longer. It feels like the tide is turning again in the green hydrogen space.
Uranium potential in South Australia
https://themarketbull.com.au/2023/11/13/elevated-uranium-demand-fuels-development-in-south-australia/amp/
Logically, if you hold a short position here what else is there to go for??
The company is now valued at almost nothing. The 46 odd pence SP is pretty much 46p in cash!
Yes they do need to start demonstrating sales but the moment that happens this will be off to the races.
I located the QVH Contract Tender on Bidstats (see link below) and was pleasantly surprised. Read through it carefully and see if you don’t conclude, as I have, that Feedback are 100% finally going to land this contract imo within the next two months. Possibly v v soon.
The tender actually CLOSED last month on 7 December 2023.
In the link QVH specifically state the following “ Service continuation is vital for the Trust and its patients.”
I’ll repeat that again “ Service continuation is vital for the Trust and its patients.”
Feedback have landed it folks. IMO if you’ve been sitting on the sidelines wait no longer.
https://bidstats.uk/tenders/2023/W45/810156581
I got a pleasant surprise.. just tested a dummy buy and got a price of 66.3p
The bizarre thing being that yesterday MM’s wanted 72p for the same amount of stock….
So I said thank you very much I’ll take those…. :)
23-Jan-24 16:00:00 66.30 4,368 2,896 O
Now built up my latest position (quietly) to 35k shares. Average around 64.5p