Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Poker re your 1049am
Herald inv 4.3%
SFT capital a whooping 27%.
Both bought in the placing.
If they have sold any it’s less than 1% as they have to issue aTR1 if they move through 1%.
I also know of a couple of PI,s with large holds one over 2%.
Agree more likely pi,s selling, those who bought thinking it was cheap 18-25p and throwing towel in. There was a bit of buying around xmas,
I guess the pi,s who bought 35-80p are stuck in hoping for a miracle.
https://www.youtube.com/watch?v=vK5fngOts_o
Looks like a buy order being filled today.
Cpi looking very cheap again on a mcap of just £556m. Vector vest who are bearish on markets atm have fair value now at 50.57p and this undervalued.
Last update caused a price drop from 48 to 38 area. Ive read it again and it’s a mixed bag but I noted one comment in the headlines.
“We continue to expect sustainable free cash flow generation in 2022”
Even I’m shocked at how low this has fallen.
Something is clearly not right, can only assume a large holder is selling out, loop placing was only 4 months ago at 25 now selling at 14,s. Needs a 40% rise just to get to placing price now.
Stew, the Bod have zero control over buying and selling. The markets reacting like loop are in trouble and Normally that means they are.
Will some one buy them out? A couple of posters suggested it’s likely for the customer base. I’m not sure about that, if your supplier goes bust you find another supplier. I’d suggest the value here for potential suitors is the licences.
Maybe PC but not forgetting that at 250p it had already fallen from a peak of £5 and there had been a huge placing at £4 to buy meeting zone which it transpired was a massive waste of funds. Terrible management decision.
That article is 12 months old but the analysis was proven to correct.. The sp was 75p when it was published. I recall reading it back then.
I don’t think loop is going to zero just yet but something is clearly wrong to fall from 250p to 17p.
I looked closely at the placing, the shopping list that loop said they would spend the raised equity on left £3.5m left for working capital. They pointed out they had credit facility to top that up if needed - red flag imo.
I compared that cash with annual costs and posted my thoughts back then that loop could well need more cash in 2022 to stay a float. Not yet seen any evidence to later that thought.
There is no certainty either way, loop investors are in the dark as loop have switched off comms and updates on Q3 and Q4. For me that’s another red flag…
However, today is a massive Down day, markets are very bearish and loop has moved down in line with the sell off. I suspect also a lot of stop losses got hit today and probably some here which then exaggerates any sp fall
. I sold some of my stocks last week on the US sell down including one I was very bullish about. Ukraine Russia kicks off I expect a larger market crash. Not a time to buy anything imo.
I’d hardly call Paulof a ramper he rarely posts anywhere on these type of forums. When he does post it’s usually worth taking note as he is very astute and sees things most miss.
100m litigation is something of an exaggeration Chris but I accept it’s your style is to persistently deramp every share you sell. .
The claim by Allianz for a ppi contribution was for £28 mil, only when Bwng counter claimed for damages against the ppi they paid did they suddenly slap another 36m on.. bringing their total to 64m . Still an unknown which way it will go, out of court settlement most likely , either way BWNG have even the worst case senario well covered. Any potential financial penalty is 2 years away.
Note 16 in HY report details more.
Radio silence on q3 and q4 is a concern imo. They were quick to give trading updates when things were going well. Maybe I’m wrong and it’s a new policy to not tell shareholders how business is.
17 looks bloody cheap but so did 70-60-30-25-20.
I want to know they are not going to go bust before I put my cash back in here, if I ever do. Better to miss a 10% initial rise and catch a ride up than gamble with your cash in the dark, that’s my take stew.
One hell of a drop. Hard to say where it stops as no support below.
Qube were reducing short a few weeks ago which looked hopeful but then increased the short again on the day of the update so we’re clearly expecting further falls and looks like they called it right again.
Advfn.
Paulof is a very astute investor one of very few I trust.
Paulof post from other forum copied with his permission -
Whilst I think the results themselves are fairly average in terms of top line the recent cash generation here continues to be pretty phenomenal and seems to be surprising even themselves.
Original FY22 net debt guidance:£280m-£300m
Updated guidance in just Oct: 270m-280m.
New net debt guidance: 260m-265m
That’s a pretty substantial movement of net debt guidance based on revenue of just c.£720m.
This is turning into a huge cash cow, in February 2020 net debt was £497m, February 2022 it could be as low as £260m.
Deducting the equity raise proceeds of £93.5m they will have reduced net debt by a whopping £143.5m over two years (with a mcap of <£200m, it’s no wonder this is approaching net net and I expect by the full year results this will have only improved further.)
They’ve made the decision to try and grow profitably instead of throwing lots of money at unprofitable marketing just to boost the top line, so far from a share price point of view that doesn’t seem to have been the right decision but in terms of the balance sheet my god it certainly has been.
Their updated guidance means this is still on truly ridiculous multiples and with that huge cash generation and not particularly investing for growth I think they have no excuse but to return to a sizeable dividend. After all they were planning to pay a dividend when net debt could have been as high as £300m, it better be a pretty big one now if they are planning to come in £40m better off. I don’t see the ppi fiasco effecting their ability to pay a dividend as any cash payment would still be a way off by which point they would have likely generated more than enough cash to cover.
4p a share would only cost £18.4m, a juicy 10% yield and would hardly make a dent in the incredible cash generation.
It would be a better use of cash than just paying down the securitisation facility which costs peanuts to draw down on. I would prefer a share buy back but feel that is too wishful thinking.
Either way a nice dividend would make the share definitely worth holding whilst the turnaround continues, there is only a small amount of the legacy decreasing brands left so not long to wait in my opinion.
I will be upping my position again over the coming days.
Lorenzo sorry I don’t have a list, I think they mention one other company on the other forum. You would have to contact the net net guys.
Speaking of the alternative site has anyone seen Paulof excellent post on there this evening on cash generation and quick reduction of debt? I will copy it over here tomorrow. Just been speaking to paulof discussing the legacy ppi matters. He thinks even in worst case scenario they more than have it covered.
Came across the net net stocks guys buying in here on twitter, interesting strategy, they invest in companies they call net nets, basically net asset values are greater than company valuation..
current assets 669m
total liabilities 455m
Net assets £214m
market cap 184m
so mcap is £30million cheaper than net assets.
Interesting approach. Very few net net about according to their posts on the other site but Ive not checked. Something I had not considered.
Buyingplants, finally seen the vector vest analysis. Nos realise its a paid for service though 30day trial is only 99p. Looks very thorough.
They have fair value 473p. Vlx 60% + undervalued.
VV Analysis looks good for a buy and hold. Techs are poor atm due to the downtrend but it is very oversold.
I suspect once trend reverses people will buy back higher but needs that reversal of trend.
Overall a very resilient and consistent update.
Clothing and footwear up 18%, 5 strategic brands up 5.5% but slowed by Home which softened after peaking in lockdowns, to be expected i suppose.
Revs expected the same as last year. Ebitda guidance if 93- £96m on a £180m mcap is ridiculously cheap.
https://www.insidermedia.com/news/north-west/strong-performance-for-n-brown-group
Not surprised it has fallen back from 480p as traders excited with profit but slightly surprised it’s drifted this low.
Price this morning touched a low that was last seen in DEC 2020. Since then revenues have all but doubled (+44%) and PBT up 34%.
£93.4k buy at 133p this morning.
Boohoo margins are 9 - 9.5% (higher than THG) Ste I know because they were slightly below market expectations and caused the sp to tank from £2.50 to £1.
Asos margins are certainly less at 4%.
but agree not apples for apples comparisons, just illustrating that revenues are not necessarily a guide to mcap value during current headwinds for online retailers.