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Seems to me that today's update is a little terse almost. Not much being made of these juicy contracts just along the road and a fairly bald statement of increased turnover and increased loss, with second half revenues still to come in. Feels like a slightly different tack is being taken to managing expectations - obviously there's the webcast next week, we'll get some flesh on the bones then I expect.
Nice little boost since the AGM and open day event at Midsomer Norton - somebody must have been impressed. Did anyone here go? I'm assuming this bubble is anticipation of a big contract announcement - it's nice to have something in my portfolio that is pushing ahead regardless of wider issues.
Give Trump time for all his family to fill up with cheap stocks before he announces a breakthrough in talks with Xi, there's a big bounce, they can sell off, and the whole process can star again. Sorry what? You thought he was in this for the benefit of the American people? Right...
Right, now we're hitting a 52 week high - I think the market thinks good news on one or more of those sizeable contracts is getting very close. Assume that means a drop when the news actually comes out of course, but nonetheless this is all good progress.
Revenue up 286 per cent, loss of £4.2m turned into profit of £3.2m, and six contracts amounting to £220m expected in the "near term" or "relatively near future". Also loans being paid off, profit margins widening and steady growth of transceiver division. I'll be honest, I've seen less attractive propositions.
Have always thought Oxford Nanopore's success was key to IPO's future - so to see the news release today about the new factory and scaling up of production is very heartening. It's obviously harder to get data about private companies but lines such as "Our order book and revenues increased 2.5X between 2017 and 2018, and in 2019 we have seen strong growth continue. It’s a very exciting time for the company.” give hope.
https://www.ipgroupplc.com/media/portfolio-news/2019/2019-08-07
The continuing failure of the market to believe in us is perplexing me somewhat. We had a year's cash left last December but with rapidly increasing turnover and gross profit up nearly 400 per cent in two years. Then last month we drew down £7.5m credit with another £12.5m lined up over the next couple of years - more than in enough to see us into sustainable profitability during 2020.. So I wonder what the resistance to us is. No confidence in the financial projections? Concern about Trump's approach to health? Br*xit? Wish I knew because as far as I can see we've had continuing solid progress.
As I drafted this I saw Sandhopper's post and have to agree - right now I can't see a reason not to buy at this price.
I think I should be pleased about debt funding rather than more dilution. I assume lenders have done their research and are happy that we'll soon have the income to service those loans. Having just been dealing with the complexities of convertible bonds, open offers and revolving credit facilities at SXX, this seems refreshingly straightforward. If anyone more knowledgable wants to offer views, that would be welcome - though soon after 8.30 I guess we'll know what the wider world thinks.
Good to see us back around 37p - last time that happened we were knocked back by a placing at 30p, so hopefully this time it'll be onwards and upwards. There's every reason to think that there will be one or other big announcements at some point in H2 which should kick us up a level from the range we've been for last few years. Can't say I've got a target - we just don't know what will come in and what won't - but I'm looking to finding out what happens.
Oh I think McDonalds would love to be the Greggs of the hamburger world. In the UK at least. I'm not sure how Greggs would do on a global scale, but if this kind of growth is to continue then we probably do need to be thinking of how we can do cheap and cheerful empanadas at service stations on the Buenos Aires ring road and turkey and cranberry pierogis at Christmas time at Warsaw airport.
The company tweeted this today about the Mayor Liverpool's plans - https://www.placenorthwest.co.uk/news/rotheram-argues-case-for-mersey-tidal-power-project/ . Wouldn't it be lovely if we could get a major piece of the action if the project comes to fruition? Let's hope we are/will be in the frame.
If you are a holder now you will have an entitlement to buy one share at 15p for every 22 you already own. You must tell your broker that you intend to take up some or all of this entitlement and load your account accordingly. The transaction will take place on 23 May.
Me too - and if the next month for TRX is as good as Rene's last month I'll be very happy indeed. Mind you, I'm not expecting the final accounts to tell us much more than what we learnt in February's trading update (which of course was very positive).