Member Info for Dibs61

Carrot

"Posting here DOES influence people and other investors."

So think about it. If this had a grain of truth in it this would be 500p with all your hundreds of posts saying how wonderful this is! Your plethora of posts swamp the number of negative aka realistic sensible ones. Truly the ‘Rodney’ of LSE is 🥕

Rather disappointing day today given the gold price is nudging $2,650!

In previous gold bull runs the major producers normally lead the rally. This is later followed by the mid and junior producers and finally the explorers.

It’s worth pointing out that the majors have not been investing enough into exploration over the past few years to give them the future pipeline of reserves they require once existing mine lives run out.

That’s where companies like Lexington come in ;)

Someone managed to accumulate 21k this afternoon on delayed larger trades without moving the dial. No mean feat. Consolidating nicely.

Yes it’s typical Oakley shpiel and we’ve heard it all before haven’t we……we’ve been here so many times. Another amazing opportunity… because all the other ones are quietly shelved.

Sadly I suspect there is little chance of this coming off. The last big opportunity went ‘under Barclays nose’ to use an Oakley phrase. Nada.

Even if Wes Streeting was keen I’m sure there’s a queue of NHS bureaucrats and technocrats who will tell him it’s just not possible.

On the off chance that something …. SOMETHING finally comes off I have taken a very small position but I’m not holding my breath.

Once again, like many, I would ask, if Tom Oakley really believes what he is saying I challenge him to finally dip his hand in his own wallet and buy some shares in the company. And not 2 grand or five grand that’s meaningless but a decent slug. Now that MIGHT say something.

Again, I’m not holding my breath.

The technology seems to work and that is the ONLY reason I have any skin in the game at this stage. Like IB I might just be p*ssing in the wind again. We shall see.

Looks like the new management team are wasting no time in getting down to business. The previous campaign doubled from 800 to 1.6k,now that figure has grown to 10k.

Looking good.

Excellent trading update!

“ AGM UPDATE ANNOUNCEMENT

Cohort, the AIM listed independent technology group, is today holding its Annual General Meeting ("AGM") and issues the following comments on current trading and outlook.

Cohort achieved record financial results in the year ended 30 April 2024 ("FY2024"), with strong performances in revenue, adjusted operating profit, order intake and net funds. The year ended with a robust cash position and a record closing order book of £518.7m, stretching out to 2037, with strong revenue cover for the current financial year ending 30 April 2025 ("FY2025").

Based on trading and order intake to date, we expect the first half trading performance to be significantly ahead of the same period last year, driven by the strong order book in Sensors and Effectors. We also expect to see an improved net margin for the first half. In line with past experience, we expect to see a continued weighting to the second half in the year as a whole.

Following contract wins since the start of FY2025 of over £120m, the order book on 20 September 2024 stood at over £575m, representing consensus FY2025 revenue cover of around 90%. We are optimistic about our prospects for further significant new orders, given demand for our products and services from both our domestic and export customers. For FY2025, we now forecast that the Group's revenue and profit performance will be a little ahead of our previous expectations.

As previously disclosed in the FY2024 Final Results announcement, given planned capital expenditure and expansion in working capital to support our record order book, net funds at the end of FY2025 are expected to be slightly lower than the £23.1m reported at the end of FY2024.

The Group's strategy continues to be to grow both organically and through acquisitions. Current geopolitical tensions are driving increased investment in defence and those are expected to continue for some years to come, creating the conditions for organic growth. Our business model is also well adapted to generating value from carefully targeted acquisitions, and we continue to seek opportunities for these in the UK and elsewhere.”

Very strong trading performance and burgeoning Order book bodes well here going forward.

I expect this to be pushing £9 in short order.

42trader - well done you! My gain is somewhat more recent and modest😁

But no this is a firm HOLD

Well that went down like a lead balloon! Absolutely no indication of any financial value to the company. I had a Quick Look at NuProbe website and have a feeling they are still a loss making setup like this shower.

LB absolutely spot on - it’s not to pay for drilling. Forget what Poulden says and note what the RNS says - it is for working capital ie.pay wages and keep the lights on.

Just to reiterate look at his comment closely “ This small placing will cover the Company's exploration activity in Western Australia in the coming season”

He is being very cute, very crafty. Nowhere does that mention actual drilling activity. People buying this morning should take note. You are on a loser.

Diggit I would hang fire personally. There is absolutely no rush to dive in here. 96 million New shares flooding the market. Errrr no. Quite a few plunging in this morning, thinking that getting a bargain. But as a rule stocks that do begging bowl cash calls fall under the placing price. You cannot ignore the dilution.

I expect this to do the same. Could see 0.3 maybe lower.

i can dummy buy @45p just now. it sounds like they have rained in their costs a bit which in the circumstances i would damnwell think they would. rather than **** more shareholders money down the drain.

it’s a punt from here. i reckon they have cash to last until around the first second quarter of next year.. companies never wait that long of course if they need cash on the horizon.

as ever it’s all ‘ifs’ and ‘maybes’ with feedback. more jam tomorrow than robinsons.

i’m tempted to make a small punt myself on the basis that labour will want to make some kind of impact short term on the nhs despite trying to give themselves time.

Profit taking seems to have dried up. Absolutely no reason to sell here unless of course you were sitting on a good profit. Fundamentals here are extremely positive and I see a gradual appreciation in the share price.

There is a massive opportunity here for a number of reasons that previous posters inc sjh1 have rightly put forward. Some very good points.

But perhaps the biggest thing in our favour as private investors is the overhang of lingering apathy and poor sentiment in this sector. You can see it clearly in the SP over the past year or so, longer actually, where apart from a brief spike to 9p it has traded between 3 and 6p.

With the progress made over the past 12 months culminating In the recent Jelena JORC ANNOUNCEMENT THE SHARE PRICE IS CLEARLY LAGGING WELL BEHIND IN VALUE TERMS.

An outstandingly compelling buy with Lower risk than many of its peers in a long stagnant sector ready to takeoff driven by an all-time high gold price.

Rosetinted- at this stage I would certainly agree that you are correct and I am technically wrong at the moment. However, once the resource has been confirmed as economically viable and is in development it can certainly be included as an asset on the balance sheet. so in my modest opinion, we are both correct dependent on the stage of the project. But for now, no.

As you can see from the below information from the most recent results the company is in quite a healthy solid position financially for a non revenue earning explorer.

Net loss for the year from continuing operations was US$0.1 million (2022: US$0.9 million).

Total assets were US$18.2 million (2022: US$5.1 million) at the year end.

Net cash position of US$2.6 million (2022: US$0.42 million) as at the year end.

Total liabilities of US$1.1 million (2022: US$0.1 million) as at the year end.

Note the most recent losses minimal and plenty of cash.

However I think biggest potential catalyst for a rerate now arising from the Jelena JORC is a huge increase in Total assets from US$18m to something like US$65m. This should show up in the next accounts. This should happen because they now have a substantial confirmed gold JORC resource in the ground. Plus that resource is only going to grow from here spread amongst five significante projects in the USA and SA.

CEO states that an independent study of gold resources from 250 different assets gave an average of $63 per oz of gold in the ground. This figure would value LEX at £50m based on now confirmed JORC resources. And that only includes Jelani and nothing for their other five projects. The company is therefore massively undervalued at just £17m MC.

Currently valued at a third of its true asset value and in a market with a record high gold price.

Huge opportunity here.

I think to answer seav1ews point it’s important to remember QVH is a secondary care environment whilst this pilot is in a primary care environment so it is a different set up. By primary care you can translate that broadly to GP’s.

I agree with IB in that I read into this that the unnamed partner is an established NHS primary care service provider. If so then yes perhaps it could be a foot in the door. As ever with Tom Oakley, he keeps you guessing.

I found this very recent document produced by the NHS confederation on the very subject of primary care service providers. Quite a long Read but interesting.

https://www.nhsconfed.org/system/files/2024-08/Realising-the-potential-of-primary-care-provider%20collaboratives.pdf

Pensioninvestor - so you don’t think the BOD really care that the SP has fallen from, let’s say 40p (it actually peaked at 47p) to just over 3p? In less than a year. If that is the case what are they there for? I was under the clearly mistaken impression that they were there to serve their shareholders who are the owners of the company.

Hi TT, yes absolutely….. a very small SP drift in past couple of months but that, I am sure, was just summer torpor. Things should pick up soon and a trading update is due in about four weeks so we will learn more then. But, like you, I am very positive about this stock and believe that finally growth and profitability is within grasp.

Incidentally If anyone from Hardide reads these boards I think doing an investormeetcompany event would be greatly appreciated and get the companies profile out more to investors. The company has been too passive in this regard. There is a good story to tell!

Expecting these to land next week going on the past couple of years timing.

Should be very positive and given the SP has dipped to near the bottom of its more recent range now is a good time to get in!