Member Info for HereKittyKitty

Here they come

https://thefly.com/landingPageNews.php?id=3166218&headline=BHOOY-Boohoo-price-target-raised-to--GBp-from--GBp-at-Goldman-Sachs

Same as Boohoo. Great results yesterday. Guess you need bad results theses days.

Thursday Broker Roundup will be out early afternoon

https://www.share.com/investments/shares/21592/boohoo-group-share-price

Updated targets coming

How M&S, Boohoo, Etam and Pinterest are changing online retail for Christmas

https://internetretailing.net/mobile-theme/editorial-how-ms-boohoo-etam-and-pinterest-are-changing-online-retail-for-christmas

0.07 seems a very stable base for many to join what will be a massive upside.

Margins massive improvement

https://www.lse.co.uk/rns/LAM/2020-interim-results-ru6k2yza9ilvo9q.html

Excellent!

Financial highlights

· 34% revenue growth to USD 142.5 million (1H 2019: USD 106.4 million)

· EBITDA positive at USD 0.3 million despite headwinds of COVID-19 and low oil prices (1H 2019: negative EBITDA of USD 29.6 million)

· Net loss of USD 27.1 million (1H 2019: net losses of USD 51.9 million); net losses of USD 19.6 million excluding exceptional non-cash impairments and restructuring costs

· Debt-free as of 30 June 2020; pursuing future project funding arrangements

· Net cash increased to USD 71.4 million from USD 42.5 million at 31 December 2019, with restricted cash of USD 36.1 million as at 30 June 2020; net cash as at 30 September USD 125 million, with restricted cash of USD 47 million

· Backlog increased to USD 580 million at period end (31 December 2019: USD 470 million)



Operational highlights

· Swift and decisive action taken to respond to the COVID-19 pandemic, operations continue with moderate impact on business being effectively managed

· Exemplary safety performance: 12-month rolling total recordable incident rate (TRIR) of 0.16

· Moray East project operationally complete in September and fully handed over to client

· IMI rigs progressing through fabrication phase in line with expectations

· Two new project awards since the beginning of the year:

o Seagreen windfarm in the UK North Sea

o Mahani gas field in Sharjah

· Steady stream of new awards from rig refurbishment segment continues



Strategic update

· Addressable market in the renewables industry continues to grow, with new geographies (Asia and US) gaining traction

· Saudi Aramco's Long Term Agreement (LTA) bidding continues

· Progressing digital strategy with successful employment of digital twin technologies and robotic welding

· Discussions to defer 2020 IMI equity contribution are continuing



Current trading and outlook



· 2H 2020 secured backlog of USD 182.5 million, resulting in full year 2020 secured revenue of USD 325 million; 2021 and 2022 secured backlog of around USD 400 million

· High quality bid pipeline of USD 5.5 billion with renewables-driven growth anticipated from 2021, currently renewables pipeline of USD 1.3 billion

· Actively engaged in multiple bidding processes in our addressable markets, although predictability of timing of awards impacted by COVID-19

· 2020 overheads estimated to be circa USD 80 million (2019: US$104 million), with 2021 overheads expected to be maintained at a similar level

https://www.londonstockexchange.com/news-article/LAM/2020-interim-results/14704876

https://www.sharecast.com/news/news-and-announcements/boohoo-posts-sharp-increase-in-first-half-sales-and-profits--7659308.html

But you created an account today to put up your first post & tell us. Dear me.

Absolutely

28-32 Range

As you need to be up by 7am for the big news.

It still is cheap entry for where it is going.

I like posts from saint-tropez

Great news. Should see some recovery here now.

Excellent point gggg21

If that isn't market manipulation then I don't know what is.

Agent - the same numbers are shared but their clients get access to the detailed reports behind the number