Member Info for katstrangler

You may well be right, Bfd. but all i see is my lack of understanding suggested that, without news, the sp would fall below 0.7.

and, if there's nothing tomorrow might well see offer sub 0.7 too.

while the sp has held low 0.7s well, it broke today. if there's no news before the end of the month then care to hazard a guess at what the sp will be?

because, in spite of your understanding of business finance, i seriously doubt you foresaw or understand just why the sp is still falling and why it didn't hold at, say, 0.9, where every 'knowing' holder insisted was the bottom?

sentiment is now badly damaged and, while a good rns could easily see it bag, no rns won't encourage averaging down as holders would rather see a rise starting before adding. so, where's the low now?

You say clueles... but i put my errors out there.

don't see anyone correcting themselves for saying 'the acquisition will appear in a couple of week', etc.

i'm fine with my postings... and i'm very fine with my opinion that paying £1.8million, minimum (but much, much more, based on the trashing of the sp since both those placings) makes it uninvestible, excpet for herd buying if and when it materialises.

certainly a bad idea to have held on, then having to hope the sp bouncing merely to get back what has been invested.

investing, eh!

So it depends on whether you think the purchase of that profit was worthwhile... with the proviso that it will now be a company asset and can accrue more contracts...

There! i thought i'd put it out there as a headline, so nooe accuses me of hiding the calcs. (i turst i got it right, this time!)

then again... i may have misplaced that decimal point... and, therefore, it will likely be, based on those figures, $1.2million, not $120,000, divided over the years of the contract.

my *** packet error!

Either way, while it's not fair to attribute the drop in price to the purchase of Semnet, there's still that £1million in share dilution to come and, while i've attibuted the second placing, in part, to paying off the second cash tranche, whatever the reason for the placing, it's not yet proven that it's of value and it also throws into question why place at that point, with no evidence of what accretive value it gives? at least, nothing from the company to show their plan.

"n its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million."

so pre tax profit of 5% on $4.22million. therefore:

pre tax profit on $24million (66% of the full company) would be $120k, divided by howver many years the contract runs.

basic maths but... unless there's a glaring mistake in those calcs.

have to wonder what the cost was for GST to pay for cyber security prior to Sement purchase (presuming it is now integrated into GSMoney?)

Also, while profit doesn't seem to be an issue with anyone here (!) just crunching some numbers, so far, Semnet has cost $800k, all paid for in placings that have seen teh sp drop 45%. so, while only temporary, has reduced the mcap by some £11million.

the upside is they have a new contract for £36million. but the company only have 66% so it's 'worth' £24million. based on the pre tax profit from the last financial results Semnet issued, that'll make the value, over however many years it's in effect, £100k, pre tax profit, divided by however many years it runs. in the end, Semnet has cost an astonishing amount of money for such a small benefit.

i assume they already had security of some kind, prior to Semnet? no idea as comparison what it might have cost, for example, to merely provide the service, as opposed to buying 2/3 of the company?

so, with $1million share dilution of undetermined value still to come, why is it seen by everyone as such a positive?

Paying for Semnet is , presumably, seen as part of 'accelerating the implementation of GS20 stratey'. how on earth do you know it'd be written differently!

Presume that's what the placing was for, in part.

now only need to see at what price they decide to issue the $1million in shares.

most retailers assumed they'd wait for the best price to issue them. what if they're not going to do that! worse still, what if the best price has already passed!

Not that i know (in the same way noone else now knows, so waiting on results to see which way the sp goes) but the question becomes 'which of the sp's is/was more accurate for where the company is atm: 1.23 or 0.69?

the last placing was odd and bringing forward the date of share issue was a mystery too.

with the sp where it is it's easy to explain why BoD have never bothered averaging down or taking some of the 100million+ shares that were sold by exBoD.

all hindsight stuff and easily turned around when/if the right rns comes along but it's only when a share gets pressured that one realised just how little is known about how successful the company is, in real terms? it can be adding assets and 'doing better' but does that justify a rise or not?

no doubt rampers will say 'it's going to boom' and it might but, frankly, it's a warning for holding so many shares that it's impossible to sell if one has to.

and, will happily admit i've lost out on half my profits here, even trading down as the sp dropped.

just goes to show that reading other people's postings doesn't really count as 'dyor' and, with microcap shares, there's probably no amount of reasearch one could do to feel 100% happy in investing the kind of money that one might risk in FTSE 350.

might be a small storm in a big teacup... might not!

think there are times when the sp does better in anticipation than in fact... i dread fryer announcing some hiccup or sideways move that knocks expectations into a ****ed hat!

thing that saves it for me is the £1.6mill (plus the earlier £880k!) funding that haven't had the chance to sell at a profit so must be anticipating a good rise!

but have to admit that 10p can't come soon enough for holders, if only as proof that the whole thing isn't... y'know... : )

All i can say is, if you believe then all good. if you don't there are other options.

all i'm saying is that, now that even 1p has become a wish, it's looking a little 'uphill'. either it's ridiculously cheap and due a rerate or... it isn't.

i don't now think there's enough info around to be convincing. but if it's a long term investment...

I'd say there's a world of difference between major mcap companies, supported by major investment companies, with their full support and GST which is owned pirmarily by Bod and retailers.

i think the fair comparison is hat Amazon started in 1990s at $20 and GST... not so much?

but, if the argument makes the future positive...

Well, there are the sells that got bought up!

see where the sp goes now!

There's no leak... we ALL know what's coming. it's just how fast and how many...

Been NT for most of the hour on open so, if the share's illiquid and mms aren't interested in raising the bid, how do you get liquidity in the stock to get some volume going!

I'd say you're right, if that's the kind of profits you're looking at as a positive! i may well well and buy back later... lower.

but glad to see optimism on the board, after the weekend spat!

gla.

If you're happy with 5,000euros for 2023 then i'm happy for you!

Impossible to buy atm... NT at current price so going to have to see the price higher just to get some sells go through.