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Maybe they should stop issuing RNS's and updating investors. Every update seems to drag the SP down. I think they should go quiet for a bit and only update when there uis significant news.

DYOR

I noticed the red flags before you started posting about them :)

I'm very happy that you are happy

Needs to be taken over imo, in order for the SP to go substantially north to anywhere near the 20s.

DYOR

Classic pump and dump stock imo

DYOR

Sub 8p is worth me having a punt imo, but setting a clear reasonable price to sell at in the lower teens. Possibly a good trade if patient.

DYOR

Fingers crossed indeed. However, I don't think this will be going anywhere for a long while.

DYOR

Fair value at 7.5p imo, its loss-making

DYOR

I missed the IMC webcast, so will give it a watch later today - thanks for the heads up :)

Interesting Nomad summary following today's results, including my view on things. Conservative expectations is for FY25 cash to fall to £12.0m, down from HY25 of £23.3m - that will be a big drop imo. Divi to remain flat, although I would have expected this to be cancelled if significant signed contracts for second half do not materialise. Target price cut from 20p to 16.5p, which I still think is a bit ambitious and would expect nearer the 13p mark. FY26 seen as stabilising, rather than growing (that was my interpretation) and FY27 seen as growing. No mention that the acquisitions could in hindsight have been badly timed and they may have paid too much for CRS. HVO now looks like a 3-5 year turnaround imo. My hope is that the new Exec Chairman will, with his vast experience, be hands-on and move things forward at a greater pace than that perceived in the Nomad report. Food for thought: do MK & SP have a future and remain in role or is a changing of the guard needed now we have a new Exec Chairman now in role and a new Exec Director on the horizon?

Just some thoughts here....I hold (for now)

DYOR

There's no need to gloat, we are all hear for the same reason and that's to make a return on our investment, not to put down other investors who are perhaps underwater here.

The results to those not familiar with the issues announced earlier this year, could surprise and potentially cause concern.

However, all of this is baked into the current SP imo and the results are as expected and do not contain any nasty surprises and reaffirm 'in line' for the full year. So, overall I am pleased and also relieved at this update and have more confidence in FY26 and beyond's performance. The recently announced new Chairman will I am sure add strong value to the group and I am more positive than I was say 6-9 months ago.

DYOR

May be tripe, but you would be quids in if you bought in at the big dip and sold today, so can't be that bad??

DYOR

I think MFX is the winner here rather than BANK. Signing an exclusivity deal for, I believe, 3 years? Prevents BANK from signing potentially a better deal(s) with bigger competitors, if any were or become available. MFX is tiny although quite established in the IOM where I live. SP reflects disappointment here even in view of the recent fundraise at a c.33% premium to what was then the SP at the time of the announcement.

DYOR

I don't think so. You only have to watch the Stockbox interview to realise this is a very crowded market space and there is hesitancy in everything being said about what is next for the company - seems like there is nothing is really happening and there is uncertainty as to what is next....

DYOR

4PetesSake - I agree. A little bounce here is not going to stop this going lower imo.

DYOR

Best put these in the bottom drawer, the bubble was very short indeed and valuation is down at levels which appear to be fully justified now. Think this will go much lower tho...

DYOR

Yes, defo bottom drawer now...

How the mighty have fallen unfortunately...

Seems like they want fingers in many many many pies. I'm not sure this is the best use of cash. SP seems to reflect this view imo...

DYOR