Member Info for E_AL

The company will get delisted anytime soon. Read the recent RNS:

"It is the Board's present expectation that the Company (Hostmore plc), being the listed non-trading holding company of Thursdays, will be wound up and delisted contemporaneous with the conclusion of the sale process, as TGI Fridays in the UK will continue its operations under new ownership."

"The present indications from the leading bids are that the consideration for the store sale will be lower than the par value of the borrowings currently secured by the Group's trading subsidiary, Thursdays (UK) Limited ("Thursdays"). Accordingly, it is unlikely that the equity owner of Thursdays, being the Company, will recover any meaningful value for its ownership.

The sale process is expected to complete in late September; however, Thursdays continues to operate normally and all existing stores remain open."

Why no SP reaction to the great results?

"They know what's coming,"

Yep, delisting is coming this month as mentioned in the RNS ha

10:54:58 1.2161 101,500,000 £1m

Article date: 6 months ago..............

Many chunky buys have gone through today. It's either 29p was the bottom or we'll get financing update next week :)

30-Aug-24 08:46:49 29.40 25,000 £7,350

30-Aug-24 08:47:14 29.50 25,000 £7,375

30-Aug-24 09:15:53 29.6203 25,000 £7,405

30-Aug-24 09:51:26 29.9299 75,603 £22.63k

30-Aug-24 11:52:16 29.9999 100,000 £30.00k

30-Aug-24 12:15:05 30.00 75,000 £22.50k

30-Aug-24 12:39:38 30.00 125,000 £37.50k

30-Aug-24 12:39:17 30.00 125,000 £37.50k

30-Aug-24 12:44:38 29.988 40,000 £12.00k

30-Aug-24 12:47:13 29.988 16,673 £5,000

30-Aug-24 12:47:44 30.046 37,800 £11.36k

30-Aug-24 12:48:01 30.00 19,738 £5,921

The FCA website shows the short positions remain open.......

@lemonade311, The company has already allocated funds for 2024 cladding repairs, as they mentioned back in January. This has also been the case in the past few years, so the £60m net cash reported in the recent RNS does not include the money set aside for cladding repairs.

Company's current Mcap is £74.43m

According to trading update : "At 30 September 2024, gross cash is anticipated to be approximately £80 million (31 March 2024: £67m) and net cash is anticipated to be approximately £65m (31 March 2024: £44m), ahead of previous expectations."

The company is significantly undervalued, with its market cap BELOW its gross cash, almost at its net cash, means that all other assets and operations are being valued at virtually nothing!

The share price should recover soon to more sensible level .

UK Investors are closely anticipating Bank of England Governor Andrew Bailey's speech scheduled for 4 PM today. However, before that, the focus will be on a far more significant event for global stock and foreign exchange markets: Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium at 3 PM. The content of these speeches, particularly any indication of potential interest rate cuts, is highly anticipated. Should either Bailey or Powell hint at rate cuts—a move widely expected by the markets— it should provide momentum for a recovery in the share price

I’ve been keeping an eye on L2, and over the past hour, they’ve been targeting the BID with small volumes, making it nearly impossible to buy at or near the ASK price. It seems like they’re either trying to trigger stop losses or frustrate day traders before remove the cap on the share price

Company's current Mcap is £90.60m

according to today's RNS: At 30 September 2024, gross cash is anticipated to be approximately £80 million (31 March 2024: £67m) and net cash is anticipated to be approximately £65m (31 March 2024: £44m), ahead of previous expectations.

The company is significantly undervalued, with its market capitalization nearly equivalent to its cash holdings, implying that all other assets and operations are being valued at virtually nothing!

The BID on L2 looks solid and we are just about to see some recovery :)

The text extracted from the image is:

- **Shell has taken FID on the REFHYNE 2 project at their Wesseling refinery in Germany**

- **ITM will supply 100MW of TRIDENT stacks and skids, Linde has been appointed the EPC integrator**

- **Shell conducted an extensive audit of our technology and manufacturing operations before reaching this decision**

- **The performance of our latest generation stacks in the 10MW REFHYNE I plant operation played a major role in Shell’s confidence to proceed to FID**

- **This is a strong endorsement of our technology – repeat purchase from a leading industrial customer**

The text extracted from the image is:

- **Sales pipeline has grown massively by 25x in the last 18 months**

- **Pipeline quality has improved as well, with more and more industrial customers tendering for their green hydrogen investments**

- **Working on more than 100 real-world sales opportunities of different sizes across the globe, with varying maturity**

I believe its pre-presentation treeshake that's dipped the price

"Today, ITM is significantly more capable than the company has ever been.

In the meantime, our sales pipeline has been growing strongly, also backed by an increasingly positive regulatory landscape, which makes me optimistic about what lies ahead for ITM and our industry.

We are ready. Now we need more customers to take FIDs."

Based on the technical chart, when you draw a line connecting all the highs from May 2023 to the present, the share price is expected to test the 62-63p range tomorrow before determining its next direction.

I bet the contract is worth more than ITM's current Mcap. Fabulous news. I cant wait for the results to know more about this massive contract with such a prestigious client!

Buy after buy after buy :)

13:07:14 28.2192 46,744 £13.19k

13:06:42 28.20 912,000 £257.18k

13:06:17 28.20 912,000 £257.18k

Considering the cash in the bank, which amount to more than 75% of the company's market capitalization, along with the pile of orders, partnerships, R&D, technology, and the stock they already hold, the company is undoubtedly worth more than its current market capitalization of £316.40 million.

Can’t wait for the results next week !