Member Info for K3VMC

shadypants2

I agree with just about all of that, especially the oversold part!

“ Assuming the receivables increase is indeed a one off and better invoice collection is put in place then the overall company should be in good health as the actual underlying business generated almost £2m in cash in the H1 period before the working capital movement 'hit'.”

I don’t think there are any problems with invoice collection. The only issue they had, imho, was that they traded too much, too quickly and were caught out with the time lag between project completions and being paid in the normal course of events. I’m sure they won’t make the same mistake in future.

Having said that, the cynic in me suspects that the situation was contrived to let insiders profit from the drop in sp.

20dma crossed.

Happy with those and expecting a very upbeat presentation from Harvey.

WiseOwlSpeak. Your board needs an extra ramper.

Heid

“I see a profitable, debt free, undervalued company which will continue to grow it's cash balances from one asset alone, that would appear to have reserves, that will transform the companies fortunes over the next decade.”

I would be delighted if 25% of my pf had all of the above!

£16m for a billion barrels of oil in a safe jurisdiction.

Frankly, Art could have diluted 100% and I would STILL be happy with this.

Only mrex left on the ask.

FOMO

Eddie563

“ But they mine 30% more Bitcoins. Instead of 500 Bitcoins it would be 650 Bitcoins and at $25,000 that would generate $16.25 million worth of Bit Coin. ”

I didn’t realise they were mining already. How many btc have they mined, please?

BOOM

Accuracy

“ Thanks K3VMC, but given the company came close to running out of funds just a few weeks ago, and has only survived by calling on very expensive emergency finance, it would appear their business model has failed.”

Their business model involves completing projects first, then being paid over time. There is no secret about that. All they did was over-trade, with some deals taking on a larger scale due to up-selling. There are large profits being made, but the lag in receipts caused a cash call.

You really should already know this, if you have done even basic research.

As for expensive, emergency finance, you should have noticed that all expense is deferred until the bonds are redeemed. On top of that, all the expense gets trousered by the bod, in existing shareholder and one new shareholder. That’s called cashing in.

None of the expense impacts the free cash flow of the business, which continues to grow.

H1 revenues up by 58%.

“The Group has a growing pipeline of opportunities for the remainder of the financial year and has contracted forward revenues ("Forward Order Book"), as at 31 December 2022, of £26.4 million over 4 years (up 45% from 31 December 2021). Of the Forward Order Book, £8.8 million is expected to be recognised as revenue in H2 FY23 and £6.8 million recognised in FY24.”

flying pie

“ For every huge purchase made, there is also a huge sale.”

How about a market maker being given a huge order, then dropping the price to shake out multiple PIs?

Haggis_trap

“ At share price of 6.5p the deferred units are valued by market at 0.5p rather than 6.5p suggested possible.”

Clearly, the buyers of 11.5m share at 6.73p think otherwise.

What does the £773k buyer know that we don’t? Must be good though? Very confident move.

I’m holding. :-))

Coldspy, I can only go on your recent price predictions. I’m not saying you are really that bad at them, but anyone can guess and be 100% wrong.

You obviously talk your own book. I welcome cogent comment, but “could go lower yet” is blatant trolling.

No offence meant.

ANGS - 13/0123

When they announce the next delay in parts arriving and the need for cash I think the double blow will likely send it to 1p or lower.
Now 1.4p

LBE 14/0323

Let's smash 13p this time around.??Resistance has proven stubborn so far but each time we knock the door it gets weaker
Now 9.75p

Egdon has an update on gas to power, plus an update on increase production at Wressle.

I expected an update here at the same time.

I avoided this board at the weekend. Disruptive elements succeeded in driving off potentially interested parties from finding out any information on Angus.

Whoever thinks they win any argument against the trolls, misses the point that it’s enough for them to have caused the argument in the first place.

Patiently waiting for stunning flow rates and a corresponding increase in share price.

Accuracy

“ Where is all the money going? Any ideas, anyone? Because this is the key to their underperformance.”

As a significant investor, did you research the company and therefore fully understand its business model?

deltalo

“ Go back to your drawing board and think of something else that’s realistic.”

That is complete nonsense!! Trolls have NO drawing boards!!

7veronic, we all know what it’s like to be underwater as a lth, but we have to keep looking at what happens to every stock in our pfs, based on their current prospects. We have to acknowledge previous performance, as part of that. Tbh, I wouldn’t stay invested if the previous management was still in place, but I’m prepared to back the new starts.

The new LTIP scheme will irritate / anger many holders, but again, we go forward from now, not from when the sp was 40p+. The bod is taking advantage of the slump in sp for the LTIP, but they have also bought in the market, as have I. My average is down to 6.6p, but I can’t afford more atm.

I expect the sp to recover strongly.

My 1.7m is for no.