Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Good luck to all LTHs here - I'm out for now. The delay in annoucb dividend dates is worrying - you'd have thought they'd have at least clarified the taxation status by this point.
No denying this is good value if you can buy at 1.7p and get a 1.8p special divi and hold shares in the shell.
Good luck.
Posted here previously.. some fantastic research
Obviously the FY24 and FY25 are slightly overcooked here, but a lot of the sentiment applies.
Https://pdfs.investorschronicle.co.uk/Simon_IC_Alpha_677388_Feb2023.pdf
The company IPO'd in November 2021 with a fully subscribed offer at £2.77
Previous SP all time low was roughly 225p in October 2022.
Clearly a large background seller... But whoever that is wants to give their head a wobble selling at these prices.
Ragnar (nice nice btw!),
I'm not sure I agree with what you're saying.. FY23 was £10.1m PBT and the RNS indicates "High single figure" PBT for FY24 with roughly £80m revenue - that doesn't sound like a 35% reduction to me!
Record order book which may well yet get bigger during the financial year, and if you can factor in any revenues into FY24 from those orders, you may well be looking double digit PBT again..
Margins are always going to be tighter - we are in a crazy world at the moment... But the company appears to be super bullish on the short to mid term outlook in an extremely high interest sector.
There are plenty of companies out there with a bigger mcap than this - that are loss making year upon year.
This is a HUGE overreaction - the SP opened at £2.60 which tells you everything you need to know - this drop wasn't necessarily foreseen by the MMs.
Revenue and EBITDA in line with the trading update in March, which saw the SP comfortably around the 300p mark. Record year for the company, increased dividend, forward looking growth...
I'm really not sure what the hell has happened here .. but I'll take more shares around 150-170 if they become available!
"Business remains well funded", cash balance of £3.2m... little to no risk of dilution or a fundraise.
I'm loading up!
I've just managed to buy at £1.86 and £1.84
What on earth? I can't see any reason whatsoever for a near 30% drop to an all time low, half of its yearly high only 2 months ago.
A £60m mcap for a company of this size with this sort of revenue and margin is bonkers.
Buy.
Am I right in saying the record date needs to be a minimum of 14 days before dividend payment date?
Therefore we could have a dividend RNS anytime between now and next Friday?