Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Bid Target? Where do you get that idea from? They haven't got this far to sell out and in a hostile TO the assets would all walk away. They are obviously throwing the baby out with bathwater this year when the results will be announced (end of April ish) and will start again from there. Depends if the market for legal services has picked as the trading update (18 Dec) suggested that Legal Servicees, esp Memery Crystal, were toughing it out in a slow second half of 2023. Good news is that with all the Foulston ideas now put to bed I am sure morale in the firm is soaring.
Don't you guys ever read anything? How can you invest in shares where all you have is pious hope it will suddenly double overnight? California is not in the forefront of the company's hopes in fact they said it was to the company's advantage that both proposals put to public vote in California were rejected. Also there is very very little chance of harness racing in Arizona as 'other interests' are at work. And in the fundraising RNS of 15 Sep this is what they said about developing their product:
"The new funding of £750,000 will enable the Company to invest further in its business-to-consumer sector ("B2C"), recognising the growth potential of this sector. Specifically, the Company intends to invest in a programme of further software developments of its main website www.watchandwager.com and marketing the mobile product. As previously reported, the Company has been very encouraged by the operation of our platform in considering the limited investment made to date. The platform has performed well, and we can see the opportunity to further grow our market share in the USA. As we improve the user experience, we will further invest in key marketing techniques, especially player recruitment and retention with special focus on online marketing techniques. We will keep shareholders fully up to date with developments. "
If that was it all would be good. The issue however is that they have been a break-even minus company forever - 20 years or more - sustained by their major investor Burnbrae. At no point have they achieved a critical mass that would give the some clout in the market, or make them an attractive takeover target. So 'same old, same old' is probably right, but not for the reasons given in some of the comments below.. And as for the results does it matter that another set of indifferent results is a week late?
Trade this stock, don't marry it. At some point it will have another run and at the current price it is near the entry point. Buy them, put them away, and when it does have its run, remember where you put them.
If Kazera exercises the right to reclaim ownership, are the staged payments already received repayable, and if so do KZG have the money. "Over a barrel" comes to mind...!
Loss before tax decreased to US$39.4m (H1 2022 US$122.2m), driven by an increase in operating profit and a decrease in other gains and losses and foreign exchange losses.
100 for 14 share split. In other words for every 14 shares you help before the EGM, you now hold 100. See the RNS of 7 July.
Speedy, the UK's leading tools and equipment hire services company, operating across the construction, infrastructure and industrial markets, today provides an update on the Group's trading performance for the year ended 31 March 2023.
Positive trading performance
The Group expects to report adjusted profit before tax1 for the year in-line with the Board's expectations.
The Group performed well during the year, with revenue2 up c.14% over FY2022. Revenue growth was underpinned by rate increases to counter inflationary cost pressures alongside a strong performance from the Services business.
Against the backdrop of the continuing challenging trading environment, the Group has experienced some softening of demand in recent weeks, although with a strong pipeline of new business the Group remains confident of future revenue growth.
https://www.rollonfriday.com/news-content/sacked-law-firm-boss-used-n-word-front-black-partner
...but the underlying business is performing ok so the hire market is holding up. More from the SDY RNS:
"The Group [SDY] continues to perform well in the second half, with its revenue (excluding disposals) for the four months to 31 January 2023 up c.16% against the corresponding period in the prior year and apart from any effects of the asset loss described above, the Board continues to be confident in delivering underlying profit* in line with its expectations for the full year."
Speedy Hire reports £20m of its assets are missing. This is from today's SDY RNS:
"As at 31 March 2022, the reported net book value of the Group's hire equipment assets was £226.9m. The Company categorises hire equipment into two groups: those that are individually identifiable by a unique serial number to the asset register ("itemised assets", representing 78%, or £177.0m, of the total reported net book value), and other equipment such as scaffolding towers, fencing and non-mechanical plant which does not have a unique serial identifier and is not tracked on an individual asset basis ("non-itemised assets", representing 22%, or £49.9m, of the total reported net book value). The recently completed comprehensive count has covered both itemised and non-itemised assets. Whilst this count validated the previously disclosed net book value of itemised assets, it identified a deficiency in the value of non-itemised assets of c.£20.4m."
The tribes won't let anyone else on their perceived patch, and the voters would prefer to break the monopoly of the tribes. Neither side is going to give way in the short term. Meanwhile the casino wheels keep spinning. A decent open market deal that might benefit Webis is years away. I doubt whether there is even a rainbow, let alone a crock of gold at the end of it.
Had my credit via HL. Are you holding certificated stock? Rarity these days.
A so-so report, not as optimistic as some here would have liked, so no upward pressure on the share price. But what I hate about the report is the liberal use of weasly management speak. Say it in plain English. It's not a technology roadmap; it's a change from physical stores to fulfilling customer order online. The ordinary builders and tradesmen who are the customers do not have a 'user journey' ; they are able to use the app more easily and more conveniently. And so on. To best inform customers why not do what the press does? Ditch the involved relative clauses. One idea per sentence and no sentence more than 11 words. In the days of the National Service Centre, mangement speak was used to cover a ginormous failure. After that debacle, the changed management paid off the debt and there was a period of clearer reporting. Now it's back to full on management speak. It makes me nervous that they want to hide underperformance going forward. Say it in clear for the benefit of both shareholders and customers.
PIs are busted out everywhere and there is no new money coming in for AIM stocks. No short term boost in sight...
Shadypants - you don't seem to understand what a P/E ratio is. EBITDA is earnings before interest, taxation, depreciation and amorisation. All of those have to be deducted before you arriive at earnings attributable to shareholders which is the E in P/E. They haven't made a second half profit for the last three years so they are likely on a forward P/E of 10 at the present price.
From latest annual report:
Exponent 33.43%; Ravenscroft 26.71%; Hestia 5.53%; Merchant Capital 3.97%; Lombard Odier 3.51%
That's 73.17% so free float is 26% plus or about £30m.