does anyone know when in May the interims are likely to come out?
I think the bottom line is that the company is growing in sales and margin quite quickly, backed by shareholders with a proven track record and is ashtonishingly cheap given it current and forward PE. If you actually try to services as we have, you discover the services they offer are pretty good and fit right in with an increasing convenience culture. I'm sure it will MYH will attract more attention from investor if it continues to perform and deliver against it's forecasts for 2008 / 2009 - the fundamentals have to win out eventually. I've already invested at 20p and 16.4p. I won't wait much longer before adding to my holding but suspect we may not quite be at the bottom.
and on to a new low despite rising oil prices around the world!!!!! Certainly a strong something...................................................... not sure about buy though!!
you can say that again!!!!!
due out next month. If it keeps dropping, I'll stick some more in. Based on the last statement, the news should be pretty good.
Showed my wife the website without telling her I owned shares in Myhome. She ordered the oven cleaning service which was brillent and good value. She is also showing interest in some of the other services. I thought it worth checking if the basic product was anygood before buying more. I'm sure the UK is moving more and more in the direction of a convinience culture which should be good for Myhome and with more couples having to both work, no wonder they don't see their market reducing even with an economic downturn on the horizon. Get your wife's buying Myhome services and watch the SP rocket!!
we went through a similar story last summer when they said 20 days to drill which turned into months. You can't take what this company's management tell you for red. For old BLR investers like me who got a little burnt but got out before we lost 90% of our money, it's a bit like warming up a cold dinner - not so good the next time.
As I said a few days ago, the main problem is credibility and this company doesn't have any now. 1 year ago, the SP would have doubled (and did) - now, a 1 1/4 point rise followed by a fall. I agree, I wouldn't touch this share with yours.
This is a company is its very early days marketing a product its just put out into the market. The sort of users it's courting don't make snap decision or invest at the drop of a hat. Whilst I'm sure the product will fly, it could take months before the water companies in question decide to start placing orders in any volume. I would think that once the product does take hold and start moving, the business would increase pretty quickly. With the spread as it is, I'm holding iscase some good news hit and will probably buy more if it keeps dropping. But seriously, I doubt news is only a week away - Hope I'm wrong
I hope you're right but I think the issue of credability is a key one. With the SP where it is, if BLR run out of money, it'll be difficult to raise enough to keep exploring with the SP where it is. The sp (in my view) is where it is partly because of the managements lack of ability in dealing with the market and it's investors. This is what I mean by their credability effecting the prospect of buying at these levels. In a way though, I hope I'm wrong and wish all still in the best of luck.
I've been watching people put strong buy recommendations on this share long before and since I sold my share at 32p and took my money elsewhere. On what basis could you possibly think BLR is a strong buy? Where is this company's credability?
It's not worth selling my shares at this price - your's for 75p. I'm waiting in hope of the next installment to the takeover story, of course without holding my breath. If they do finally come up with good news, the SP will rocket again I'm sure.
Trouble with selling is the spread is so bid .... 17%. It would have to drop to circ 125p to be worth buying again not that I'd rule this out. I'm in on the assumption there will be better news around the corner. Steviedee, well done for buying early enough to get out!!!
The results link of their website for the latest set of interims has been fixed this morning if anyone wants to download them.
personnally guys, I rate this as a fairly risky investment albeit with a massive potential upside. A circ £5M valuation on a company returning a £0.5M loss with sales at a running rate of £0.5M is a bit rich unless the company grows quickly into profitability and gets its sales volume up. mhw2-I don't know about the comment ' there's no rush!!!' from where I'm standing, there's plenty of room for rush! Having said that, I think it's worth the risk. There product is supported by a general trend towards water conservation. Hopefully, the return on investment they claim for commercial users is compelling enough to support a good part of the growth they want. Grwing from sales of £0.5M can't be that hard can it?
I'm sure you guys are right. I remember reading a broker forecast released early feb with a target price of 60-70p. this increasingly looks like a good buy to me. I got in at 20.4p but will buy more once the price appears to have bottomed out.
At long last, looks like we're rising back to a sensible level.
Energetix have done much of the product development they need to to sell this product into the market. The company is now ramping up its sales activity. Their was job a advert in the telegraph last week for a business development role (£120k if anyones up for it). The week engineer magazine had a piece on the Pnepower product. I don't know why a major shareholder decided to sell £8M but I expect to share price to bump along at roughly this level give or take a bit until energetix release news suggesting that the product is actually about to take off. Having held these shares during and a bit past the last growth cycle, I'm waiting to see if the price drops off a little more. I won't wait much past March though. I think this stands a good chance of moving up in Q2.
hopefully the rate cut will help the SP. The rise seems to have been kicked off by the rate cut based on timing.
I see from there website that the guys who started the company all came from Thames water. Is that the same as Thames water inventing the product or did a bunch of ex-employees use their contacts to get the product adopted at Thames as a way into the market?? Are you saying the product was developed whilst they worked for Thames and sold to Qonnectis or does Thames own a part of the company?