Member Info for Joner

I don’t value Golden’s posts often very little balance, always with a negative tilt.

Take the L Jed and move on

Laura I’ve been here a while - pre PHD purchase.

I’ve seen them issue equity to pay sports stars in the past - unbelievable really. They have a history of tapping shareholder for never ending cash burn.

Frankly I was glad to get my money back at ~75p

So whilst I am back in, because 7.45p felt far too cheap, I do look at this through slightly jaded eyes.

I have learnt that cash is the key metric here and two updates without a mention of cash is a real concern.

My problem is, at the core, there is a good business and product here it is simply being badly managed in my opinion.

Positives -
great March revenue;
we have a business plan;
we have a state of the art factory;
Putting prices up

Negatives -
poor Jan and Feb revenue;
Quarterly revenue run rate will not get to break even
no update on cash;
no update on lending facilities;
no approaches after being in shop window for 6 months

As for director buys close to 2 years since the last one

thanks SQ

Interesting, so they have to increase revenue from £63.5m to £74m or by ~16% to break even.

I believe the debt facilities are due to be renewed this month - probably at worse terms than previous, given interest rate movements I wonder whether this will impact the assumptions made by the company.

I notice a new fixed charge registered in Jan 23 for Lombard North Central - presumably for factory kit, who knows?

There are lots of unknowns here to ponder.

Thank you Mr M. I’ve dipped back in here at 7.45p on the fall but not a huge amount, I’m nervous about cash position, further dilution and the culture at the business. Frustrating because they have great product and should be doing better

Me that’s why I asked the question….?

Whilst the seller has cleared it begs the question- Why would they ditch this at 5p?

Certain people on this board should be ashamed with their incessant ramping of this share over the last few months.

Told you cash is key with this this lot, it was absent in the trading update -a big red flag for me.

Ilovesushi I’ve been waiting for that moment - you remember the “come back at 20p and tell everyone I should have bought”

So glad I waited…

Haydale announces CFO going today as well. The two businesses should merge - throw away comment

Is it unusual at that level not to have a notice period to work or handover period?

A bizarre response to a perfectly reasonable post.

Interesting that Paul Marriage at Tellworth has decided to trim their position by ~18%.

They’ve been long term holders here.

The plan for this business to ever reach decent profitability was all about substantial revenue growth - it was classic growth company - tapping shareholders with dilutions along the way when it ran out of money. That model is out of fashion, revenue growth is poor.

They’re keeping a lid on staff costs - but take a look at glassdoor reviews (I get attracts negativity, but my goodness)

I think the final results will still be poor.

So for me if it gets sold you’ll get a return, but not worth me re investing based on fundamentals at the moment.

Can’t get too excited about 1.5% group revenue growth. Also no mention of their cash situation which has always been the problem in the past.

I’m not sure the Boom moment suggested.

Some rose tinted glasses here - they are in a mess, fighting to survive another year.

Still they operationally laid a big slab of fancy concrete - what’s to worry about?

What a dogs dinner.

Hopefully a decent trading update to come in the next 10 days, to build a bit of momentum on today’s announcement.

I like posts that state things like “Best Ever Year”

Seize, I value the research and positivity. This is a nice dripping roast in terms of revenue.