The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
For the PAYE liability, I am assuming that it is actually I cluded on the balance sheet on the 2023 annual report. In note 15 (current liabilities), there is 2,188,000 for under trade and other payables, for other taxation and social security. Anyone have a view on this. I'm not clear.
As long as we were net equity -9000, as stated, and not -1.7M as of that report, I guess it's not really that troublesome a revelation.
They have really only repeated the forecasts from the annual report.
However what the annual report has, and this hasn't, are the risk statements in, for example, the going concern section.
I think my main lesson from this has been to carefully read those as well as the forecasts & broker notes. There are certainly some pertinent uncertainties in there which I shall be keeping an eye on in future updates.
I still doubled down and now have an average cost of 2.6p, mind.
Chelsea I followed the IC link, and it is behind a paywall for me.
Dartron,
Thank you for your balanced posts. It is as useful to know why folks might not be buying as it is why they might want to.
As for their acquisitions, I do also have some concerns about this too. However they do generally seem to be paying a lower multiple of profits than BEG is trading at, so that reassures me somewhat.
Looks positive
Trying to work out how a 10% increase in adjusted profits translates to a 4.5% increase in diluted adjusted EPS though. Can't all be increased corporation tax.
Personally I am looking forward to seeing a prompt half year report early in the new year, that will perhaps be able to focus more on the detail of these new projects without having to deal so much with what are hopefully now legacy issues.
Hopefully such a report, released on a prompt timescale will give more of an impression of a company that is back under control of its destiny and, touch wood, making a profit.
Pure speculation on my part (they were due a triennial valuation, and I don't think we've seen the outcome of that; perhaps there is a delay on this?). If anything, any DB pension outcomes should be on the positive side, if other schemes are anything to go by.
My email to them (about 6 months ago) was to understand the difference between the deficit in the accounts (ASF19), and the Trustees valuation, which has to be more prudent. This is normal; nothing more than that.
Individial AIM shares get a fixed % of my portfolio at time of purchase and no more, so I'll not be buying any more.
These delayed results are troubling me somewhat. However they did reply promptly to an email where I queried the pension scheme a few months ago, so they did demonstrate good investor comms. back then at least.