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As per the RNS from the last 2 days we know for certain he owns 26118795 held in his name plus 1013920 held on his behalf by L&G Investment Management. That represents 27.9% of the company. What we don't know is who else is holding shares on his behalf.
We also know he bought 5200 shares through L&G 2 days ago. This is the most interesting number for me. Why buy such a small amount? Could it be that across his total holding he's so close to crossing 30% that's more or less as much as he could possibly buy? Sadly we don't know but we do know he is still adding.
Another point to note is his highest purchase in the last 12 months was at £1.118 on 16/2/24. This is the minimum offer per share he would have make. The next highest was £0.79 on 30/5/23. I think it's reasonable to expect him to wait a week so he can lower his offer price.
Getting badly burned which is nice to see. Wonder how far under they are now. I'm pleased they're getting a dose of the medicine we had to swallow.
We already had all these comments when we were in the 70s, We even had Elon interested for a while!!!
I think those particular idiotic posts from that user stopped when the schools returned.
The Saudi contract win is in the half year presentation slides
Iknowyourgame. i might be mistaken but have you not posted that a number of times? Too lazy to write another post?
Yes, you are mistaken. Everything I've posted is available to read if you click my username. Too lazy to check before posting rubbish?
I can understand why you'd question why they're mentioning the COVID funding but to give them the benefit of the doubt the 2022 numbers do include COVID support whereas the 2023 numbers do not so it is relevant for comparison purposes. If they had said nothing everyone would immediately be asking why adjusted profits had fallen by 60m, then they'd be accused of cloak and dagger shenanigans for not mentioning it.
They do actually state in numerous places in the FY22 report that no further COVID related support is expected but until we're no longer comparing numbers that contain such support with numbers that do not I think we will continue to see it mentioned.
It's ridiculous the number of times the £60m reduction in Cov 19 support is being used. They're using it a lot more than they did in the H1 22 results. Management here is far from top drawer.
Would you prefer it if they didn't explain why operating profit took a hit? You'd be happy with a 60m black hole in the accounts?
What I can't fathom is why you said earlier you're selling half your holding when last night you said you wanted to see a return to profitability - done, slight debt reduction - done and 2p interim dividend. It's the 0.3 shortfall that critical?
What director sells?
Https://www.londonstockexchange.com/news-article/NET/exercise-of-options-director-pdmr-dealing-and-tvr/15756882
".. Mr. Bang's shareholding has increased to 6,577,271 Ordinary Shares …. representing 4.16 per cent. of the issued share capital … and Mr. Ormondroyd's shareholding has increased to 2,721,705 Ordinary Shares … representing 1.72 per cent. of the issued share capital
Yep, that's 7 month old news. More relevant is the delayed £175k sell from yesterday which may explain the drop today. I've put a limit order in at 90p though I don't think I'll get it
There hasn't been as much activity but still more sells than buys gone through. Baffling really, it's a well run profitable company in a rapidly growing sector. I thought we would have crept up to £1.60 by now but it will come good, I've no concerns here.
New contracts and failing that happy thoughts might be worth a go at this point
Being held very local to me so I was tempted to go but figured it would bore me to tears
No, there's at least 2 of us 😁
No, it states 200 for 2023.
200,000 is the figure they estimate through to the 2030s.
Are you serious?
Pretty underwhelming response to an excellent set of results. Revenue up 4%, profit after tax up 50%, dividend up 20% debt down 49% and expected to be debt free by the end of this year. Maybe the board should think about running up a catastrophic level of debt a la Thomas Cook to get the sp moving up again.
Good gains this week on the back of a number of product releases over the last couple of weeks. We're now back at the level we were trading at before the markets dived which is very positive, there are very few companies in the same position. Further market gains should see us trading at the top end of our trading range. We may test the 120p resistance. Although there are takeover mutterings circulating I would be surprised if an offer came in. If the rumours had any real foundation we'd be trading a fair bit higher than this.
I remember, it was one of the contributing factors of the profit warning. The reason they cancelled was they want to be one of the first to offer the next generation of STB Pace are developing. It's really more of a deferred order which will lift the sp and one of the reasons I'm holding on as I really don't see much more downward pressure even if the market turns negative again (which I suspect it will but that's another discussion).
190p is a high entry price compared to todays price but still achievable it just depends how long you're willing to hold. Allan has options at this price vesting in 3 years so you'd have to believe he'll do what he can to get beyond that target. Greed is a great motivator.