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404x - could not disagree more
I have seen plenty of manipulation of a share price going up
You are either being naive, stupid or disingenuous - if you think share prices are not manipulated
If you were about to make an offer for all the shared capital in a company - you would want a lower share price
If you wanted to short a share price you would want a high share price
the list is endless and there are many partites who have the tools to influence / manipulate
Yawn....
Whoops sorry, that was in response to another tedious post from Robswire obsessed with capex.
Mayve Robswire should think about what the cost would be to set-up a company in tis space that can deliver the EBITDA that MMAG do and compare that to the current valuation
The bottom line growth will come for sure: just need a bit of patience.
The biggest challenge for small businesses has been raising cash - XPF had not needed to do that and do not need to do that until the market improves and money flows back into the small caps
Today's price is a gift
Working overtime Robswire? Sign of panic….
Lots of manipulation in the bid/offer today - no proper trades went through sub 5p.
My understanding from Takeover Panel was pretty clear: no talks, no offer period. So we have to assume that there is something going on behind the scenes
The shared price is like a coiled spring - MMs tried pushing it down another notch today but it wouldn't go
The share price of this compnay has NOT reflected the market value of the company for a while now ; at £2 it was overvalued and sub 30p it has been undervalued. I cannot and do not take the SP too seriously when volumes are so low - the SP is simply a number that connects a few small buys and a few small sells. It cannot be long until we get a realstic indication of what this company is worth in the current market; when we see a more material volume of shares change hands as part of a change in ownership
Robwire - when you successfully build a £200m business perhaps you will earn the right to be critical. Easy to commentate with hindsight.
Very sad and disingenuous to suggest that the BOD were wasting theor money when buying shares.
I personally beleive the Board are following the right strategy of re-investing its EBITA / Cash into new venues. This is a growth stock and has bags of potential.
As I shared in my last post - in a more conjusive market this company would be trading at a share price between 30-40p.
I have a lot of trust in what I regard a strong leadership team. Everyday I see the great work they are doing to grow the business - in particular they are doing so much to build their Corporate pipeline.
BillyBamboozle - I am not sure I would use the word fake. I'm not convinced it's an AIM problem either. The problem is that small listed companies are susceptable to both upward and downward pressure on their share prices.
The good news for XPF is that they don't need to raise and the current SP is irritating, but not damagingto the company of shareholders. The only damage i can see is it makes a hostile take-over more likely
I agree with you Mike12345
No surprise to see a bit of red today - the half wits who list the Tom Winnifrith will have heard his latest rubbish this company yesterday. (no idea what he said but I saw a headline to suggest it was in his daily podcast)
I have to admit it is tough and frustrating seeing the SP drift downwards; but the thought that his minnions will wake up one day to a RNS that will hopefully bring a more realstic conclusion to the offer period cheers me up. It must be 6mths now, I appreciate that these things can take time but we must get an update soon
I would not bothering arguing Josey.
Sadly too many people don't listen to sense and other viewpoints; Been like it since the Brexit referendum
As I have said before, MMAG have challenges; they do need to find ways of growing profitably. I believe this is very doable and can see a number of opportunities for them.
However they do a lot of things well; they operate in a growing market in a recovering macro economy. They are trading well and they can manage their liquidity, They are not at risk of going into administration.
Can't help thinking that someone(s) are making mugs of XPF shareholders
I've lost count the number of block buys that I've seen over the last few months - whilst good, honest loyal shareholders have lost patience, hit stop losses or been spooked by the lack of SP growth.
Vox Markets did a nice piece on XPF last week; the key messages that came out was that XPF are brilliant run, benefiting from a Strong Management team. They are growing well. And that they look very cheap at 2025 performance levels. IN any ordinary market this SP would be at least double - 2025/6 numbers are key - you don't buy a share for how they performed last year.
Sadly, I think we may not get to see this company thrive on the UK stock exchange; i still expect to see a foreign buyer snap this company up at a premium and take it private.
AIMO
There is nothing to suggest it is going into administration. The business is trading in line with expectations in 2024 based on what we’ve been seen so far and we know they trades very well in the latter part of the last financial year.
The only talk of administration is from those who seemingly are looking to profit from its demise.
The reality here is the vast majority of the debt is due to rental prop. This is why the bank loan was set-up. We know the company is favouring non rental sales so I expect to see an improved debt figure when they next update.
Added more last week. An absolute gift. I expect the 2024 EBITDA to be higher than current not cap.
Most of the debt covered by rental contracts and assets.
If I had the money I’d happily buy the company, pay off the small amount of debt and you have a business that will give me a return on my cash in 1 year
Snorters, whoops, i mean shorters still here I see
No doubt in my mind that XPF will be many multiples of its share price today - profit to the patient
There's not been any recent notifications of any sales by significant holders - only the recent advisal that someone had increased their stake
Strange comment
Mr Hanson adding can only be a good thing
Agree - BFT look a great investor to have on board.
https://www.bgf.co.uk/quoted/
Lots of other fairly chunky trades in last few days - looks like some short positions being closed to me.
Josey - you are in a spiky mood today
My understanding from the Takeover Panel is that the compnay are only allowed to stay in an offer period if conversations remain in progress. I do not see it as a choice that the company is making - infact I imagine they would happily come out of offer period if they were not engaged in conversations. So my only conclusion is that thye remain in offer period, because they are in conversatoins and therefore have no choice but to be there
I like it Robswire :-)
We did do the Maths on Rental a few months ago - It did look like it improved the ROI on a device
The caveats were being abe to control bad debt and funding the working capital