Member Info for Dustbin101

£3.4M new cash is now in the coffers. CBUY are of the opinion that half that amount is required to hit profitability. The jury is still out on that. Is CBUY now its fully funded, a buy.? All I can say is its in a better place than this time last month. Profits are required.

52P

No stopping this now. Without stock the shares have to go higher on buying.

A pure gift , makes a trading profit massive tax loss as well to use up. Will go up over the holiday in my view

We get told that in the years to come if ever. If income does not grow this company will just take longer to die. The shares can’t move up unless buyers take a pure punt or we see evidence of higher income and a growing profit base. Next is to figure out why the man with the cash keeps the company alive. CBUY plc will be out of the game this time next week without it. He must have his reasons.

Not sure it’s not a buy till that cash has arrived that’s for sure.

Why do they put out an RNS that is full of words like double. Double what...? Is this the first of 3 llumps of news prior to the next discounted placing.?

Assuming the new cash arrives by 31/12/17. The balance sheet is strengthened this might have been a requirement for winning any possible new orders. The 2017 accounts can be signed off as a going concern. The £1.7M should be enough to hit profit. The NHS order was contracted years ago it’s just a matter of increasing sales. Any stock market crash or dip in 2018 should not effect its end user, the NHS. According to the board no more funding will be required and if it is,an extra £1.7M could be called open.

The board of directors who own a slice of the company have done extremely well in raising funds just short of two years ago at 6.5P , that can be converted from loans to shares. The new funding is at just 2P in the scheme of things small shareholders could have ended up with a 5% fraction of the company. That is not going to happen mainly because the board directors would also have been stuffed, seeing their holdings go below 1% Their is a balance between the board and the investor who has pumped in more cash. That investor, believe it or not would get just over 50% if he converted on Jan 1st 2018. That’s a far cry from 75% and even further from 90%. We also need to grasp the valuation after conversion which I am guessing at today’s price would be around £6M if I have my numbers correct. If CBUY can make serious profits I am not at this stage saying they can, then in a few years if profits grew to £5M shareholders will be laughing.

Thanks for that link. The shares will only rise if first revenues grow and second profits materialise.

Through our work to establish personal health budgets, it quickly became obvious that not only did our process work, but that people were accessing much more cost effective support. By the end of the first year, 0 per cent of people had designed their care like our traditional offer in end of life care, all personal health budgets were either cost neutral or at a lower cost than the traditional care package, and 83 per cent of those people died in their preferred place of care – a huge increase compared with the 64 per cent of patients receiving a traditional care package on the same funding stream and the 26 per cent of the wider population who die in their preferred place.

https://www.england.nhs.uk/blog/the-personal-health-budget-impact-on-end-of-life-care/

Looking back ten years I see that shareholders have been walked up the garden path . Has anything changed .? I see visa inc are a partner with the cbuy in Egypt. What might not be quite so we’ll known is VISA is pumping huge funding into Egypt right now. A press release says their investment in that country is more than any other country outside the USA.

This is an odd company in that it should have gone bust long ago. Last weeks proposed funding prevents that from happening.Revenues from new and ongoing work are at 90% margin but turnover is not high enough to make any profit.revenues need to jump for a profit to be made. A new FD is now running a far tighter ship. I was surprised to see that after this new £1.7M of funding the largest shareholder only gets just over 50% of the company if he converts ALL his loans next year. The numbers used in the RNS assum conversation in 8 .5 years. The directors still appear to have a stranglehold on the company