RE: Chrome gross profit increased by 296.0% to £9.9 million (H1 FY2023: £2.5 million)26 Feb 2024 15:16
Dorfan, sorry i nearly left you out from Siesnav and Got Real (the 3 Rampateers)
You are correct that I am stupid, I am stupid as I still own jlp having watched its price collapse and was taken in by the continual ramping of some... I shoud have known better and followed the market /my gut concerns and got out before being whooped. Or heaven fobid, listended to bushy milk et al whom in truth, have predicted the share price almost to the tee. (hang on, que wild and factless impersination claims)
Cashflow was also mentioned a few months back on here, and of course the person mentoning it was immediately decried a "liar" and called all the names under the sun. Then, sure enough, in the dilution for the latest "deal" guess what.. £3m+ was for "day to day". In the RNS, reference is made to new revolving credit agreement ie to finance cash flow. Added to the that, their low cash generation level looks alarming.
As for the wider market, I can imagine they just simply dont believe JLP, can see their tragic share price trajectory followed by diltiuon to boot. Indeed, dilution at almost its lowest share price, maximising impact on shareholders and suggesting total desperation. Futher, the market hear Leon forever promising the world but then never quite delivering. Instead, before delivery, the plans change - usually promising an "even bigger world". Others just fall off the radar or just never mentioned again.
The lastest "deal" was supposed to be sorted before end of feb, but now its "mid march".. what next i wonder.
I think lots of questions remain about their ability to deliver copper in volume and still needs to be proven as they have still not poved themselves, constantly switching and chaging plans.
I am as entitled as anyone else to post my views, and by god this board needs balance.