focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Anyone get the replay to work? I'm just getting classical music
It's an incredibly frustrating hold. PMI data is still showing construction growth. Today's GFRD update showed an increased order book. I added this morning. There have been hints at an increased/special dividend: https://twitter.com/F15JCM/status/1464187416588206081
It was one of Andy Bell's tips for 2022 in the Mail: https://www.thisismoney.co.uk/money/markets/article-10359227/Top-City-figures-offer-investing-advice-cautious-brave.html
Added a handful @ £1. If they start winning business in the US casino market I think we'll see a big rerate. Encouraged by the CFO buying a few at £1.05, suggests they aren't going to need to raise cash
So it would seem. I'm not buying more until I see revenue going the right way
HL's platform still showing the 52 week low as £1
How the hell did he manage to buy on market @ 95p?
He normally just cuts and pastes pieces of RNSs, typically the most positive pieces and often without context. Hardly a good use of shareholder cash. If the company demonstrates genuine profitability, I expect it will attract institutional attention, at which point message board spivs can be handed their P45
Correction, net cash was £7.3m at year end. It's taken a hell of a wack
From FY21 results: 'At 31 March 2021 the Group has been able to report a much improved financial position and is well capitalised with a net cash position of £7.3m'
I think the market has taken umbridge at the fact that EBITDA is up but cash is down. Cash was £6m at year end so the VAT repayments don't explain it all. EBITDA doesn't appear to be a good proxy for cash flow. Perhaps there have been R&D investments (capex) into the software division that haven't been detailed? Perhaps it could be explained by movements in working capital but without an explanation there is uncertainty.
Disappointing for what is my largest holding. There was a very large H2 weighting last year, I had hoped it was a sign of revenue momentum. Unfortunately not the case. The words don't align with the numbers. I'll give it until year end since profits appear to have increased.
Analysts only predicting $56m of net sales for this year. They're going to be about $70m
I watched the presentation today. Oli seemed to answer the question about operational gearing by talking about financial gearing but apart from that I liked what I heard. 20% EBITDA margin would be transformative (currently ~7%). I think the acquisition looks good, they haven't overpaid and have already achieved synergies by sharing office space. Cross-selling presents real opportunity
This is the only board on LSE that I post on these days. I actually think it's quite balanced with some reasonable and knowledgeable people. 'He of several monikers' seems to have moved on to ADVFN and I can't say I miss him. Given the SP and lack of evidence of any actual profit, if everyone was on here was positive it would be a forum for the self deluded.
I think you'd find it quite impossible to take out a short position on HMI. No borrow available.
Brian saying all the right things but he's shady AF and he clearly needs to rebuild trust with the market. Yes the interims didn't include Q3 sales (duh) but we do know what sales were in H1 and there was an ocean between the two. He has repeatedly said the company is profitable (on a cash accounting basis) so if cash hasn't gone up come year end, I'm out.
I would expect sold to mean invoiced, in which case the revenue would show up on the income statement, irrespective of whether payment has been made in full, in part or not at all. I'll reiterate what I said before, receivables haven't increased despite increased sales so either the product hasn't been invoiced (in which case, why?) or the cash has come in. Brian said the company is profitable on a cash if not an accrual accounting basis. The accounts show an accounting loss and cash has fallen, no explanation is provided. All this from a man that so far, has not delivered. Compare Brian's commentary to that of a FTSE350 miner, it's woeful.