Member Info for discopablo

Many thanks for sharing. I am still of the opinion that this share is cheap as chips and if I had any money left I'd put a lot in here. Hopefully in the next week or so I'll be able to do just that.

In fact, judging from how far we've dropped, you need to get the polish and the hoover out my friend!

I agree with H&N. I suspect this will rise as soon as some properties get cleaned.

Still languishing I see. M Cap is now only £5.25m! Profit after tax was £4.27M if memory serves. Clearly the issue here (as I think we all know) is the recoverability of debtors. Just been thinking about this - need to have some more time to do better analysis (and I daresay access to auditor working papers lol) but whilst trade debtors are clearly very high (equivalent to the annual turnover in fact) it is worth remembering that that turnover does not accrue evenly throughout the year. Most accrues in the final quarter so you'd expect to have a significant amount o/s at year end. Revenue for first 6 months was £8.7M, meaning that of the o/s trade debtors, it is likely that £15M of the £25M is 6 months old or less. Look, I'm not saying this is ideal, but they have provided against some which means the hit has been taken on that element at 31 March. I am not sure what the current position is, but this is obviously the area of focus for the company. Will it bankrupt them? I think they have been around long enough to know that debt recoverability is a factor here and they have said they are dealing with it. IMO this is a great entry price if the above is the sum total of the risk, which I believe it is at the current m cap.

Jumped ship?! Lol you must be joking!!!!!!!!

Are you looking at group 31/3 figures?

EV?

£5.9m - bonkers!

Agreed - Jolly healthy! In all serious, I get the point about the sales ledger. I can fully understand why that would put people off and people are right to vote with their feet if it concerns them.

I'm definitely still here. It's a matter of time for me in my opinion. I am not sure there is a revenue recognition issue here - that side of the business (as it is for all businesses) is now a significant risk area for auditors. As such it will have been audited to death, mark my words. To value this company at £7m is daft - I have topped up this morning. Quite good news that they have delayed the dividend and also better news that they are looking for other ways to finance the business. In my view, this will not be a dilution as they have already done that once before and Tapaas won't want his own holding diluted. Don't forget he bought more at 25p so he will be hurting too. For me this is just another AIM company whose sp doesn't correlate to the value of the firm. Best of luck all!

Just clearing out the back patio area in preparation for some fake grass. That involves a lot of work, so should see some upside pretty soon I think over the next few weeks. Look out for some movement too if H&N gets going on those cobwebs.

No - just this one marc.

Yes - I think that's a very good summary of where we are.

lol marc cheers! I suppose a few weeks or so ago there were fears that it could be nationalised but that would ignore the consequences of such behaviour for all Russian stocks. Putin discount would become very significant as confidence in their listed companies and stocks would be through the floor. The company announced that it was entering into a formal sale process several months back. This saw the sp rise to as high as £3.50 if memory serves. Then it fell away as it was announced that the sale would not be taking place. But it just goes to show how much of a discount this stock is truly trading at. New BoD - who knows what their strategy will be. All I know is that I've been in and out of this for 2.5 years and over that period production has increased astronomically. They have got all the infrastructure in place to keep producing now too. As far as I can see it's a really sound investment. Yes it'll have ups and downs, but value will always out.

so = sure!

Still plenty to come imo. News of sale saw it go to £3.50! It's a huge company and produces A LOT! Big future here and should continue to correct itself upwards. Not so UKR issue is that big of an impact after all. More that the BoD resigned, but ultimately, money talks. Good luck.

Good to see this rerating still. Should continue now imo up to 160s.

Absolutely. The results were superb, but of course the risk is the main man in the Kremlin. I think people are worried about nationalisation, but I doubt that will happen in reality. I think we will see a reset on Monday, unless WW3 starts on Sunday!

Steve Cheers for that. I think the speed at which the share reacts on almost any trade supports the theory that these are in short supply. There will be good news ahead - the final quarter to 31 March is typically the company's best and looks set to be so again. This price is a little nuts to say the least!

Putin discount!