Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
DJ +1 (37,306)
SP +21 (4741)
NS +106 (16,730)
R2 -3 (1288)
WTI $72
10ytb 3•945%
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MSCI(W) +5 (3131)
Gold Bugs +2 (240)
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Latest :- Vix 13. Brent $78.
Gold $2024. Copper $3•859.
Palm $930. Silver $24•130.
$1•266. €1•158.
FF +3. DF -2.
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NYSE data
Issues 2908
Advances 1384
Decliners 1432
U/c 92
T/vol(bn) 4•1
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Morning all.
Any chance of a Chrissy present this week?
With just 8 days to the end of 2023 Asian mrkts are on the back foot although optimism about rates continues to support mrkt hopes for near term cuts. However negative comments by NY Fed Chair John Williams who told NBC's "squawk box" the Fed is not talking about cuts now dampened enthusiasm. Nevertheless the chances of a •25% bp cut in March have jumped to 62% according to CME Tool watch.
The Japanese mrkt is significantly lower falling well below the 32,700 level at the break (-430) led down by exporters Sony, Panasonic, Canon and financials. Traders await the BOJ final policy meeting of the year expected to maintain their ultra dovish stance. The Nikkei ended down 225 points, up 26% this year.
In Sydney the ASX200 snapped a 6 session win streak losing 36 at session low. Losses in energy, oils and weaker gold shares dragged equities lower as traders wind down for Christmas. The mrkt closed off 16 at 7426 up 5•50% ytd.
Latest :- Vix 13. Brent $77.
Gold $2024. Copper $3•881.
Palm $965. Silver $24•280.
$1•269. €1•163. WTI $72.
10ytb 3•909%.
FF -6. DF +94.
Morning all.
One of my main concerns, is the MSi defense business too small to be bothered with by a major? Last F/Y turnover was £32•4m so small potatoes despite having a decent size moat to repel boarders and unequalled technology.
Obviously 2024/5 nos will show a big improvement the recent defense H/Y nos (£33•5m) exceeded last F/Y output. I can see the defense side has the potential to be a £100m turnover business in short order so would be a decent addition to any acquirer home grown or in the US.
Cheers Andershow08 appreciated. Had a quick look at MSi Enterprise Value after the results and the boost to cash balances (bofp calcs).
Mrkt cap(m) 149
Debt Nil
Cash(m) 50
EV (£m) 99
EV/EBITA 8-9x
Generally speaking a lower EV to Mrkt cap is more favoured as the firm carries no debt and likely a safer investment. An EV/EBITA below 10 is also considered good. MSi's c.8•6.
DJ +57 (37,305)
SP u/c (4719)
NS +85 (16,623)
R2 -11 (1291)
WTI $72
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10ytb 3•914%
MSCI(W) -3 (3126)
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Gold Bugs u/c (239)
Close :- Vix 12. Brent $77.
Gold $2021. Copper $3•879.
Palm $965. Silver $24•170.
$1•268. €1•164.
Yen 142•3. Yuan 7•10
FF -22. DF +17.
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A 60p rise to close wk 50 at (890-920) was another excellent performance. The shares have been gaining momentum since early November when they changed hands at 740.
We're entering the last 7 trading days of the year which will include Santa's Rally so excepting any unforseen event MSi will have gained around 38% on the year. If asked on Jan 3rd would you take a 30% rise for the year now, most would have bitten your hand off.
Outperforming all the main indexes this year except the Nsdq is no mean feat for a backwater Aim share and I don't mean in a derogatory sense.
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MSi data
T/volume 228k
T/deals 375
S/price 905
Wk (50) +7%
Ytd +38%
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Aim -11%
Ftse +2%
All +2%
250 +2%
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DJ +13%
SP +23%
NS +52%
R2 +12%
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Gold +11%
Palm -6%
Brent -11%
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$ +5%
€ +3%
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Morning all.
The Santa Rally according to most commentators takes place during the last 5 trading days of a year and the first 2 of the new one. Thus Tuesday 21st through to Jan 3.
Last years Santa rally the Dow gained 109 points but Santa was in very festive mood bestowing 180p to MSi holders, flattered by the period falling on the companies 2022 H/Y report.
I should have been clearer on my post re the bonus dividend (20th Nov), I should have said " I'm thinking early Dec 2024".....
DJ +158 (37,248)
SP +12 (4720)
NS -25 (16,538)
R2 +37 (1302)
WTI $72
10ytb 3•953%
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MSCI u/c (3129)
Gold Bugs +5 (239)
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Latest :- Vix 12. Brent $77.
Gold $2036. Copper $3•885.
Palm $965. Silver $24•400.
$1•276. €1•161.
FF -2. DF +50.
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NYSE data
Issues 2947
Advances 2315
Decliners 586
U/c 46
T/vol (bn) 6•4
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Morning all.
I don't know what the 'tea leaves' say about our current share price but my morning cuppa pointed to a very healthy rise if I've read them correctly.
You may know back in the day people used to scatter tea leaves in front of their homes to ward off evil spirits and market makers from entering. I tried this method this morning so expect to see a healthy rise today.
Stocks on Wall St rose on Wed after the Fed signalled its 'tightening' policy of the last 2 years (11 raises) is at an end. Market players are pricing in 3 rate cuts next year of •25% bp to 0•75% bp starting with a cut in Q1. The BOE is expected to hold rates today at 5•25% through late 2024.
What started in a very lackluster way the Dow skyrocketed after the Fed's 'stay' on rates hit the wires. The DJ rose to its highest close in history topping 37,000 for the first time, dragging the S&P, Nsdq and small caps to year highs.
Investors are convinced the economy is heading for a soft landing as economic data released yesterday showed both consumer and wholesale prices were little changed in November. Economists see inflation falling to 2•4% in 2024 and 2•2% in 2025.
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Nsdq data
Issues 2940
Advances 2580
Decliners 319
U/c 41
T/vol(bn) 5•1
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DJ +512 (37,090)
SP +63 (4707)
NS +208 (16,562)
R2 +41 (1265)
WTI $70
10 yr/tb 3•976%
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MSCI(W) +34 (3101)
Gold Bugs +14 (234)
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Latest :- Vix 12. Brent $75.
Gold $2035. Copper $3•834.
Palm $950. Silver $24•090.
$1•264. €1•159.
FF +75. DF +106.
Morning all.
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I wonder whether Cohort's (ftse Aim) shares good results today will fall 8% tomorrow?
I could have written the script to todays share price action a few days ago. A classic Aim share response to good news. These days mrkt makers will inevitably trash the stock aided by skittish day traders to refill their satchels with cheap unearned shares.
Fine by me as I bought a few and will add more if the stock 80p down today continues south. A c.8% tanking of the company value on less than 27k shares traded is plainly silly and if you have any spare you should add if for no other reason MSi traded at 1000 on Tuesday and will almost certainly bounce in the days to come. For as you all know value has no meaning to jobbers who need to keep a square book.
To be honest I don't even know why I bothered to comment as it's so transparent what the mrkt makers are up to (at least i took advantage of their largess) I should have kept my trap shut and gone to bed.
Evening all.
Chemring reported booming demand yesterday as it cashed in on global instability. The defence group which makes materials and components for missile systems, explosives and propellants said orders hit £756m in the year to end Oct.
This was 40% up on the previous year: and the order book at its highest level in over a decade at £922m. The group saw annual revenues rise 18% to £472•6m while profits climbed 16% to £69m. It also announced a dividend increase of 20%.
While over at MSi after a record breaking H/Y set of nos the shares have fallen back below yesterday's close (930) on small lot selling.
DJ +173 (36,578)
SP +21 (4644)
NS +133 (16,354)
R2 -2 (1224)
WTI $68
10ytb 4•193%
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MSCI(W) +11 (3067)
Gold Bugs -7 (220)
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Latest :- Vix 12. Brent $73.
Gold $1978. Copper $3•779.
Palm $925. Silver $22•960.
$1•255. €1•163.
FF -2. DF +33.
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NYSE Data
Issues 2938
Advances 1303
Decliners 1521
U/c 114
T/vol (bn) 3•81
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An important point to note as was picked up by a poster on ADVFN how desirable it is for anyone wishing to enter the US defence business to be aware just how long it takes and the very high moat one has to cross. Its a considerable barrier to entry hence the significant premium one has to pay which makes MSi such an attractive target for a major player. Any prospective buyer should talk to Michael Bell.
A huge uplift in interest in MSi shares following the top level results yesterday. I don't have the buy/sell individual trade nos as there were too many to count, lots falling mid-price which required a bit of guess work as whether a buy or sell and then you noticed it was a trade earlier in the day at a diff price, well you get the picture.
A total 173 trades took place 158 more than on Monday on total volume of 113,310 (10,766) shares. Be interesting to see if volumes and trades revert to the recent 4 wk average (51,000) vols & 58 deals in the next few weeks, bearing in mind Christmas and New Year volumes will skew the nos there being only 10 trading days left this year.
Morning all.
Hi Tav I agree the company has the potential to post 80-90p in earnings this financial year making the current share price in bargain basement territory. Probably need to reassess once today's business is finished and most of the day traders have moved on.
Whatever the shares have had a very good run since June and am half tempted to out a few for a free carry into H2. Knowing me I'll more than likely add more! Let's hope the next 35 years....oh hell I won't be here!
I still think there's likely to be as one poster intimated 3rd party interest in the company next year which could unlock value. I didn't read the financials as I won't read longitudinal nos which give me a bloody headache. And while I'm at it Mr Bell about time we reverted to reporting fiscal nos Jan-Dec!
Strong opening sellers being absorbed would be happy with a close around current sp once the initial enthusiasm wears off and the jobbers shake loose weak holders.