Member Info for f15jcm

Added on today's news. I didn't think the RNS was very well written, not enough emphasis on the increasing scale of the contract.

Thinking of adding here but I'm conscious that the final tranche of the debt funding still needs to be drawn down and that certain unspecified criteria need to be met for that to happen. Management's track record isn't great on such things. Think I'll hang fire until it's confirmed by RNS.

The post should have said 'Strong Buy'!

Agreed. There was big volume again today. Almost certainly an institutional investor selling down/out which suppressed the price. I treated it as an opportunity and added to an already decent holding for me.

Added again as looks like a good income and growth stock at this level. Volumes have been high this week, I think an institution is probably selling down.

I do hope so. Our patience has been sorely tested!

Sales in H1 were only 9,500 tonnes meaning 45,500 were achieved in H2. Still early days but the sales team seem to be getting their act together. We've previously been told that existing customers intend to place repeat orders so we'll hopefully see a snowball effect. Hopefully the 80kt target for 2021 was set with a realistic possibility of it being beaten.

Decent enough. Current cash balance is missing though

I added this afternoon. Outlook provided in interims said they would 'comfortably' meet full year expectations but the price has now dropped back to 5% below what it was at the time of the update. Staff utilisation was reported as being only 64%, so any increase in business brought about by the withdrawal of government support, shouldn't bring with it too much in the way of additional cost.

Anyone know what the revenues of The Hook were prior to the acquisition (Apr '20)? Would like to wok out the YoY organic growth in H2. NFC reported a 1.5% decline but their shares are near all time highs. Did BBSN see organic growth?

Bought this morning. Property market brings obvious risk but converting commercial to residential feels like an excellent market for the years ahead. At a 20% discount to book value and PE of x8 with 20% growth, the risks look more than priced in. CEO has been running the business for 20 years so knows what he's doing and owns over 80% of the stock. Great opportunity to take a stake in a successful and growing, owner operated business at a very attractive price.

The 500k @ 1.29p were mine :)

F3rr3t, who do you hold your shares with? I contacted HL today and told me that they are not offering the Share Purchase Plan. Absolutely typical now they are trading in the money prior to the deadline.

Not legally but it's become the norm. I've not seen a company pay a dividend without repaying it in full.

Sold out for 37% profit this morning. VAT payments will go against cash balance next year and they will probably repay the CJRS money. How much are the covid related costs they haven't included? SDLT extension might happen and be a tailwind and wouldn't be surprised to see a bid but risk/reward now looks balanced.

AFiCionado, re alternatives, yes, Siemens Energy. The also have PEM electrolyser technology and are valued on less than 0.74x sales of €27bn (not all sales from H2/renewables). https://www.siemens-energy.com/global/en/offerings/renewable-energy/hydrogen-solutions.html

Dipped my toe. At this SP the valuation is around 50% of book value and at around 1x tangible net asset value. The margins are high and assuming demand returns from casinos, this look like a good entry point. Dividend growth pre-covid looked like the sign of a good business. Chairman holds a decent chunk though the insider buying this year could have shown a bit more commitment.

An update around the bird flu situation would be helpful. Have they been affected? If they are, are they insured? They said restaurant closures were helpful in the first half of this year so it's safe to assume the 2nd half has seen a similar benefit.

The bid for Countrywide was increased this morning. Seems to have given LSL another push.

As far as I'm aware we need NSC II and the bid to prevent uranium extraction in Spain in general, not to be successful.