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still only a mcap of £18m; cash at bank; and should not be boom or bust like a typical AIM pharma, miner etc Feels relatively low risk and a very good option right now as part of a portfolio. Could see a placing to fund growth, but other than that onwards and upwards we hopefully go.
2-3p is 100% . This is comedy gold
Although market reaction has initially been negative, this RNS lets everyone see where things are at, strategy etc and helps paint a picture of where things are and what the investment case is (or not). I would rather know all of this. I'm clearer on what is happening and can make decisions on a more informed basis than I could at 1.5p yesterday
The SP has dropped as primarily the AIM market hates delays. However the RNS has cleared up a lot of unanswered questions and provides insight in to what *could* happen in the coming months. Anyone hoping for a quick buck needs to re-assess timescales. It may be that this is a step backward, but I think a necessary reset and one would hope from here the proper business foundations are put in place to the move forward properly. Look forward to the suggested updates per RNS, but expect bottom drawer for a period... unless they surprise us!. Overall a necessary resetting of the business.
I Don't think we desperately need news; ESIA news 5 weeks ago and test work completion programme work only 10/11 days ago - all steps towards ML granting. AKs fire sale also largely complete and these factors supporting current SP of around 5p mark (which has never stuck thus far). Track record of RNSs has been good so whilst good news is always welcome, i don't think desperation is in the air by any stretch of the imagination. Things look decent and we can look forward to meaningful updates in coming weeks / months.
I've added again. Bull run coming up!
the nature of the material in the post was why it was removed obviously...
Agreed. I'm looking to dip in again with the aim (hope) of riding the wave back to £13 off the back of a PM rally
To think 3 people have recommended Cryptoniteman's post. Laughable. Perhaps around 1% of posters on here know how to run a business and less than that in the space RMS is. Certainly I would have hoped to have heard more by now, but I dont know what is happening behind the scenes so I'll wait patiently, rather than 'going up to see them'. Time will tell how that strategy is borne out.
Perhaps its unlikely to bag in 1 day the rainbow chasing herd don't see it as sexy and avoid. I'll take +2% a day 3 days a week and repeat and watch my money grow. As revenues grow positions will be taken in time I think.
nice thread you stared on HEMO board Pumpky... no one has bothered to change the subject line and REAT getting a nice airing. To think I got abuse on that board for selling HEMO at around 9.5p and being in a cleaning firm dog.
Excellent news. Moves the dial again on this no longer being a short term play. Got to be a hold for medium term now. Cash is coming in; business is growing; appears to be well run. If only I had taken a bigger 'punt" haha
If you look at the charts, this is the first time that price has held above 5p. A number of prior 'spikes' has seen a sell off but not this time (so far..) Might be AK's sell off being largely complete or the market generally seeing this a better prospect and support is now around 5p. I'm happy and a bit of further waiting wont kill me (or other LTHs). Piler's musing are occasionally insightful and one gets used to his 'banter' - helps keep the board varied and interesting.
React Group PLC - South Derbyshire-based cleaning, hygiene and decontamination - Makes strong progress in six months to March 31, with 19% organic revenue growth to GBP2.5 million and 43% organic growth in gross profit to GBP1.0 million. "Growth was the result of strong underlying performance in the core business alongside some demand for Covid-19 decontaminations. Healthcare, rail and facilities management sectors performed well, augmented by incremental business in other areas such as education and residential care homes," company says. Expects earnings before interest, tax, depreciation and amortisation - before exceptional items relating to the acquisition of Fidelis and some restructuring - to be in excess of GBP350,000, "materially higher" than the GBP85,000 posted a year ago.
And strong buying in to close
thanks JSD - another piece of the jigsaw put in to place
Shares dealer - I checked back and my records go to 2015 when there was a consolidation at 12.24p. No details readily available beyond that on Halifax platform, so it's easy to recall why your average is 6.4p (which I think will be taken out in time). I averaged down post consolidation (against my better judgement, esp after the termite debacle etc) and my last purchase was July 2019 at 1.13p. Still holding all at 2.89p ave.
Streamlining broker set up?
Not quite as good as you on the entry price pumpky (1.28p), but still very good. The next company update is going to be very interesting to find out more about what is happening generally / revenues / growth / targets etc. As i mentioned before this has gone from becoming a short term 'punt' to possibly something a bit longer and fruitful.
the acquisition pushing this higher I wonder?