Member Info for f15jcm

I don't get the extend to which MARS has underperformed the likes of MAB which shares much the same customer base and is also struggling with debt, having a going concern warning and a refinancing coming up in Feb24. Maybe a decent pairs trade. I'm short MAB, no position here.

I'm back in. If this is the turning point for UK markets, PMI should very well from here

Might be a bit of patience required here but with the market cap very nearly supported by net tangible assets, I see little in the way of downside risk.

Is there going to be one? I'd see it as extremely cowardly if not

CER stock has performed well this year, up over 11%. ECK seems to be achieving similar business performance yet the stock is down 12% YTD. Rather frustrating

*I meant 'Accounts receivable' in previous post

There is a post on the other board about the working capital position. I suspect the payment received for the 33kt not included as revenue in the FY23 figures, has been classed as a prepayment and netted off the accounts payable balance, which is why the AP balance appears to have reduced considerably. The cash position is the cash position, so whatever accounting treatment that payment received, it doesn't really matter.

I'm more interested 22kt of orders taken but not invoiced last year (172kt less 150kt). That means Harvest expects to receive less than 100kt of invoiceable orders in FY23 (120kt less 22kt). That's rather disappointing given we understood the vast majority if not all customers were placing repeat orders.

EBITDA is a far more useful measure of profitability as far as HMI is concerned

A concern is that, like soy, coffee prices have also softened

Also, BRL has been strengthening against AUD, up about 30% from March 2021 lows, which will hopefully cushion some of the damage

I don't think bulls here have been deluded and I don't think performance is much to do with Brian. The market has softened and sales % prices have declined as a result. We've seen the same at Verde. Do you blame the management of copper miners when the copper price falls?

The take away from the interview was that the cash receipts from the 33kt of sales moved into 2023 at the insistence of the auditor, was included on the FY22 balance sheet. The profit of course, was not.

Your post suggests the 200kt sales forecast deliberately mislead the market. You're a complete moron. I'm going to write to management and formally request they dispense with your services, and encourage other shareholders to do the same.

It's round about NAV at this level

Gotabesirius, the interims should actually be quite good!

Anyone explain why telephone costs are up 10 fold?

£5m mcap backed by £2.4m of cash and £3.3m of listed investments (#S247 & #PIRI). The rest of £10.6m NAV is in the price for less than nothing

Sorry, mucked up last post. Should have read:

The valuation (

I've added some more back on today's weakness :)

Why would there be a rights issue or placing when they are talking about the opposite (buying back shares or winding up)?

Looks cheap but they have certainly missed the revenue forecast (£146m) and the PBT forecast by a bigger margin I believe. They've only doubled H1 revenue despite Meade King contributing in H2