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I'll get str8 to the point, this board already has my views on XP Factory :-)
There appears to be a very big spread right now - the Bid and Ask are often well beyond what you actually pay or get paid for a share. The genuine spread is also very large; yesterday was 0.75p which is 5% - this is very high.
The above leads me to think that there is a Big order being filled; low did to attract sellers, high Ask to dissuade buyers.
AIMO, DYOR
RedOlive - Be careful, I do not believe your last statemnet is factual
It's impossible to tell what is a buy and what is a sell - regardless of the price
We know from the 8.3 a few weeks ago that there was a big 1m purchase at 11p - so if any orders are being filled they could well be around that price.
Its all smoke and mirrors
Lets not get into a conversation about HemoTruth
Hemogenyx are on the cusp of something very special - lets stick to talking about the company
I happen to beleive that Hemotruth probably does have a decent holding; but I also beleive he trades the share regularly, perhaps with shares in a different pot. He's been here for years; I do with he was a put more positive at times, but ultimately that is his prerogative. My only regret is his relunctance to 'connect,' I'd welcome a quick call with him from time to time - and he also blocked me from Twitter becuase we differ in approach of how to engage the company.
So - back to business
I never expected the FDA news to come this week - it felt a little too soon. However, I do think that next week represents a very realistic prospect of getting news - The FDA are not starting from scratch, the team reviewing the IND have already reviewed the first draft AND approved in principle the plan that Hemo proposed to clear the Clincial Hold.
Come on 1st Feb :-)
Very doubtful - I tried a dummy sell and only offer 11.6ish
They only seem to be involved in a a small amount
The selling to support the buying normally seems to come from cannacord
UNtil recently 93-94% shares were not in public circulation - they sat with Private Equity, Founders, EMployyed Trust and IIs
There is probably now c10-12% that is in public hands
No cobblerman - each day we get a read out on Shore Capitals's activity (Form 8.5) . It is minimal every day
There was no form 8.3 yesterday so Cannacord did not get involved on Tuesday.
Very few went few Shore yesterday....
Trades at 8:53 / 8:54....
Cannacord to the MMs rescue???
This appears to have changed gear....
Could be an interesting few days ahead
Well done NewBoy
I've bought lots at sub 15p too :-)
I'm back in ladies and gentlemen
I never expected it to go sub 1.5p (the placing price)
So I'd be silly not to take some at these prices.
GLA, DYOR
Volume picking up - hopefully we exceed the recent daily avg of 13m
Dhton - I dont have a huge amount to say about the rest.
For me, the CEO/CFO partneship is th ekey one for a business.
I would say that the leadership team looks a big big for a small company - I think for the new owners, the easy win would be to combine "customer, commercial and marketing" into a single directorate
And maybe look to combine 1 or 2 of the other roles - I'd aim for a leadership team of 5 heads
I'm happy they have the opportunity to buy back some of the Franchise venues - they have proved how well they operate them directly. This will be help fuel growth
It's healthy and uderstandable to look for cracks, esp when the SP is not performing the way you want it to.
However, I could not be more confident that this company will continue to grow, it will get increasingly profitable as it finds way to extract more revenue from existing venues. SIte EBITDA margins are in line with expectations - and they will include the majority of staff costs impacted by living wage increases.
I just wonder if this company is maybe doing too well? I've said a number of times on here that at this mCAp it would make a wonderful acquisition for Private Equity. That may explain the SP movement - you usually see share price suppressed ahead of a take-over
I could not have more of a different opinion Simon
It's almost irrelevent whether they make a profit of £2m or a loss of £1m. Net rpfoit is a very complex metric that in recent years has been signifcantly impacted by new accounting principles
This is a company that is growing rapidly; whilst it is growing it is constantly learning and making changes to increase gross margin whcih will drive profitability.
What will drive this business is Cashflow, Revenue Growth and EBITDA Growth.
Its pretty much debt free (a few small vendor loans but nothing significant)
Its generating cash
Its growing rapidly
Its not reliant on Consumar Spending; it has a great B2B revenue stream and they are looking to grow it with a number of new appointments
I've been patient on my main stock "HEMO" for 3 years since it sunk to the depths of 1.2p. Its now looking very bullish at 3p with news imminent of a very significant milestone for the company
So, I 'm prepared to be patient here. It's not a difficult business to understand - the clues are all there that this will grow to something big
The share price movment is defying logic IMHO
Patience is the key here
Matthew Fowler is performing very well IMO - newest member of the leadership team and helping the compnay manage it's portfolio through a tough period
The upshot:
Remaining compliant with Bank Covenants - TICK
YOY EBITDA growth - TICK
H2 Revenue growth in Consumer Tech - TICK
Reducing Net Debt in H2 - TICK
I'm sure his shares will perform well in time - The SP is within 1p of an all time low so it's an easy time to throw stones. But I'm sure he has no intention of selling at this price, neither have I and neither have 90% of shareholders
Spot on Shandypants _ I could not have articulated it better myself
I'm predicting a profit of c+£2m for the FY
Next year, there is no reason why profit cannot increase to doube digits.
I have a feeling a fewmay see a few PIs get off at the first bus stop of 3p - Good luck to them as they will have made some nice profit
However, I'm hoping that once the doors close, the bus speeds away with the next stop of 4p just around the corner.
Many on here I beleive are not in a hurry to get off the bus - we've all been here a while and have remained patient for a reason. The current mCAP is still sub £35m