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At this market cap they are valued at net assets, so it won’t take much of an increase in net profit (not ebitda) to shift the price of this company.
The reason I’ve mentioned capex a lot is because it’s not an income statement item therefore ebitda will never be accurate for this sort of business.
When I’m talking cashflow I’m talking pure bottom line, and this year has seen debt go up and net cash drop to £0mil. Scale should improve that and once it does it’ll likely attract a lot more attention.
But if you think my comments are “keeping the share price low” then you are deluded, as none of us on these bulletin boards have any influence over the share price of a business
Thanks pippi, that makes sense, 5 year rolling capex would be less than the initial on new fittings.
As for the other post, I’m here to discuss, call it a deramp, whatever, I’m here to have an open conversation. Currently
I’m not seeing the cash generation that the ceo is, and I expect neither is the market.
If it comes, then I would expect a big rerate and that’s the inflection point I’m waiting for. But currently all cash is being eaten by capex.
Yes, that’s a fair point, shouldn’t be long now until an update comes on the new year end.
Any thoughts on what capex will look like on an ongoing basis, I.E. how regularly buildings will be refurbed?
First things first, I don’t have shares in XPFactory, I’ve followed it for a while and wanted to see what discussions were taking place following the results.
Everyone is bullish, but I might have an answer for why the price has gone down.
Cash at bank has increased by £1.2mil, but receivables have dropped by £0.7mil with trade payables going up by £1.3mil. So that’s a £2mil massaging of the numbers, I.E. holding off paying suppliers and trying to get receivables in at year end.
I believe the cash is artificially high due to this and should sit nearer to £2mil.
Based on this, and these sort of business being capex heavy, I don’t think the cashflow is as good as management make out.
Happy to have a sensible back and forth on here, if this turns into a typical “he’s negative therefore let’s chase him off the board” then I’ll happily comply, but I’m hoping for some proper discussion as to why I’m wrong with my numbers and that I’m missing something
Unfortunately it’s the balance sheet that seems to be dragging this lower.
Despite all the cost cutting, they still have too many liabilities and have not raised enough cash to clear it.
Jasmine looks to be doing an okay job, but was handed a ticking time bomb
Anyone who thinks TW is the guilty party here is deluded. Every target that Draper set he has missed.
If he wanted to get back at TW, he had to do so by proving the business. Over the long term that is what has driven the share price.
I agree that some of the things TW does are questionable.
But, the reason the share price is where it is is down to management.
People like Hargreaves and interactive investor aren’t big hitters, that’s just private investor money, pooled together to show how much is held across those platforms.
Another person randomly appears on here and again a new Twitter accounts starts taking about bidstack.
This happened with Hall back in august. Must now be a trading stock.
It’s weird that both you and this “random Twitter guy” said “Obey out” on Miri.
Specifically Obey… when it is Odey Asset Management with a D! But both you and the random Twitter guy made the exact same spelling mistake.
Very strange. But no, definitely not you as well
Absolute liar. You have recently spoke about bidstack, mirriad, safestyle and prem. The Twitter account I mentioned the exact same 4 stocks.
Pumping it on Twitter and on here.
And if you had done your research you’d have read that bidstack announced an investor event following their interim results which is expected to take place in September.
Do your own research, check out the guy on Twitter I mentioned below, identical stocks, identical language.
Trader, P&D
Where are the “earnings” Hall? Your wording is very similar to stockpit @ 1Topstock on Twitter. Also banging on about earnings and described as a “full time trader” so clearly no interest in this company other than a trade on the chart and news. Part of a P&D I would assume.
I think this has gone way beyond bidstack, and the four of your would stay on this bulletin board arguing for months/years even if bidstack went bust, or got taken over at a huge premium.
Like a never ending cycle that’s addicted to the argument.
Feel sorry for you all
I don’t think they are fraudsters, just an extremely incompetent management team. CEO is gone, but the CFO who has put through the last two atrocious placings is still around. Why should he still be here when he has no cash flow skills.
Avoid.
Not sure if this link will work, but they cut forecasts on 20th September via broker stifel, not announcing it to non paying customers
https://www.londonstockexchange.com/news-article/BIDS/revised-market-forecasts/15636299
I don’t hold shares in bidstack and don’t have much faith in them. I’ll put that out straight away so this BB knows where I’m coming from.
The amount of drivel with no evidence from both the bull and bear case is as usual nonsense.
My take on the current share price. Draper is promising growth and blue skies as he did in 22, 21, 20 and 19. Yet every time he ends up missing targets and cutting forecasts half way through the year.
That for me is why the share price is where it is. People can see the potential but no one believes it will actually happen.
I don’t post on this board as I don’t want to constantly “deramp” but seeing RS questions go ignored made me want to answer.
For me, both the bull and bear cases are pretty obvious. And it’s on Draper to prove either the bulls or bears right!
Last time I checked the year end is September which gives them till end of March to submit results.
Great bunch of investors on here that don’t know basic rules or when year end is for their companies
It’s been deleted, what did it say?
Because they don’t have £10mil in the bank.
£4.37mil to pay off loans
£2.3mil going into labskin and STC
£2.68mil for working capital
And let hope that £2.68mil lasts long enough for us to win some contracts and get some momentum in the market. Could do without another fundraise so shortly after this one.
So where is chesh now with all his sarcastic comments?
Fundraise was the only option, at least that’s done and cleared the air. Not good for holders but could have been a lot worse
Chesh still dreaming about some huge labskin offer….. (read between the lines)
Riverfort can convert £4.5mil to shares at a 20% discount to 10 day average share price.
Then they issue the new loan at an even lower price as they sell their shares and crash the market.
Dilution dilution dilution, death spiral financing