Member Info for Know0

No RNS because its only £20M

Great news and as said, there are probably lots more and much bigger contracts to come

Last August when we were high 20s low 30s I piled in a load and thought it would rise before august results - it didn't but soon went to 50p+ within a few weeks

Cant believe with turnaround completed and all the dreamers of last year banging on about debt, that we could be here at these prices

Im in big again after selling around the 50p mark - I expect II's are wanting to buy and will do on any rise at they expect it to be sold into heavily so they can load up

For this reason I believe this has been held here to allow II's to buy in on the frustrated PIs happy to get out below 50p

It may be June update or more likely Aug H1 Results, but do expect a couple of days of massive volume when loads will sell on the news - truly believe this will hold 50p this time when it properly breaks and 65p will be achieved before year end

I am heavily invested so read with that knowledge and DYOR please, but the above is why I am heavily invested and also why I won't be selling too soon

GLA

Clearly meant .7-.8p (as say -5, 2-3p)

The rest shows that. Apologies. Same sentiment applies.

And yes am holding significantly more than most here that often say they are holding big.

I don't post much on this forum but do read it from time to time

The gloom and doom merchants that are not invested are particularly boring

I am invested very heavily here nd like most am underwater

Yes I have some slight concerns from time to time with MH but I do believe he is managing this business in a prudent manner

There clearly isn't tonnes of spare cash and therefore speed is slower than what we all want but they are doing what they can with the resources available

The new deal (which is considerably better than last years) may not have been as much as we had hoped, but IMHO, MH knows the additional volumes we expect and happy to sell that on the spot market at these high prices which are likely to stay high for quite some time, whilst guaranteeing the cashflow with the contracted price which covers overheads and cash for debt repayment.

He is being prudent IMO and although we all want the SP to be significantly higher, that's only going to happen when the financials indicate sufficient free cashflow.

Any rise to say 70p will be sold into heavily but I expect MHs contacts within the market will be waiting for the signal and then buying heavily when the 70-80p target is hit because they would pay much more if the started buying now without news as they would force the SP much higher reasonably quickly

Im still very bullish on ECHO and where it can get to in a timescale of a year or 2 but some people here expect to buy at .5p and it shoot to a FV of say 2p (I would say 3p should be FV now and if a bid came in, would expect it would need to be of that magnitude if not a hostile bid)

All just opinion and I am invested pretty heavily so read this with that knowledge

GLA

Unsure TB buying is about current production - I would. think its as much to do with II selling

Also, I asked the company what the basis of the management bonus was - not had a reply and don't expect one, but will certainly ask on July call

Hoping we are close to 600t for May - I was in Newfoundland last weekend and the weather was beautiful - so that's summer over!! Hope they got all the outside work done last weekend!! Ha!

Moon - I didn't see any drones anywhere and St Johns (which is admittedly 5 hrs drive from RMM) had no parking attendants anywhere - so either they don't use them or they are all working at Ming !!!

Dont manage to see this site often but still heavily invested with about 1.3M shares at 29p

GLA

Did I miss something??

Markets are closed Thursday & Friday and 31 May is Tuesday, therefore all issued Wednesday??

So unless I missed something from company, I can't see it until next Monday?

Happy to be corrected?

Few reasonable sized after hours trades - or possibly late reported trades?

CPI used to get some very large after hours trades, and the closing price UT is under bid

Only small %s but plays with some people - June update will hopefully reflect decent progress and Aug numbers if they confirm growth and profitability then we should finally break and hold above 50p

Morgan on the last call suggested they were hoping to be able to announce more wins soon - I expect they already know of a couple of wins but in the lock out period that they can't announce - would love to see one more big contract announced

The Mkt Cap doesn't reflect the discounted cashflow from expected future profits all adjusted for 12mths higher inflation - inflation maybe a 12 mth thing but its not compounded year on year - the current issues are well documented but inflation next year will be back to a couple of % points and I don't mind paying a bit more for stuff if it crushes Putin!

GLA

Ive said it for a year - none of those Its listed above would sell for less than £1

Would love to see a buyout but don't think we will - all IMHO

looks like a buy and sell 6 mins apart?

Not based on the volume today AIM.

I would say it was MMs trying to get CPI on screens with a big up % and try and encourage sells.

Most trades are in range of 2% up.

Gla

Would love M&A but don't see it - think II increasing is just that this SP is crazy low for what they have

All IMHO !

GLA

That isn't what you said on the Cons call Moon! - you basically put your tongue down TBs trousers!!

More Faces than Big Ben pal

Well we thought last week was the March back to mid 30s then a likely pullback before a rise to 42p

But world events and over priced NASDAQ shares have done our legs!

Scanned through a few msgs here, one great post from @ggrantsu. As he said, the daily swings although frustrating mean little to the value of the business

We know when she moves she can really move - and that has been upwards and down.

I contribute more on the discord group but little here these days as there is simply too many extreme views (both high and low) without properly backing it up.

Last week after SMs conference (not sure that was the reason or just timing of the seller out) we started to taxi for takeoff - nobody likes to be in the red on a share and most of us here are - I still have about £200k invested with an avg around 29p now

SM indicated that he thought they would soon be announcing more big contract wins and with the disposals promised to reduce debt this company is as safe as they come

The SP was low 30s last year even the day before results (from memory) and we quickly marched to 50p on great volume

People panicking here, stop - its a nightmare of a share but its safe and will come good soon - I think it will be the "Lloyds" of the market and probably will not reach a truly fair value, BUT 60/80p is still realistic in the medium term

Shame they haven't got the spare cash to undertake a buy back now at these prices because the value they would get would be amazing - in fact I would be very happy not to pay down as much debt from disposals and buy back shares at this SP - getting this back to 50-60p would make it a FTSE250 again and funding will always be available to refinance the expensive debt we have from overseas

Anyway, buy more here is far better bet than most IMO but I am biased because I have such a holding

GLA here and please DYOR

Forget those days though. They distributed far too much and that won’t be the future. But there will be dividends when they can pay an i guess small amount summer 2023

But DYOR

So was there acknowledgement that Lewis has added 500,00 shares not offloaded 1M??

It amazes me the nonsense some post here without understanding.

Lewis has taken advantage of a very low SP to convert his 0p share options that had vested, only has to pay the PAYE & NI on the 20ish pence share then has an additional 500,000 shares at a base price of 20p that he can then pay just 20% CGT on when he sells in a few years time after he’s left CPI

Either this was the shorters still working hard to hold it down, or it was very poorly researched posters.

Either way, never believe these posts and DYOR

He had options yesterday and sold the element that covers his PAYE & NI.

This is what happens in all public companies every day of the year. Nothing unusual at all

Too many conspiracy theorists here and not enough knowledge!!

DYOR

Well the presentation was a reiteration of the y/E but some of the questions brought out some huge positives

1 confirmation thé when portfolio unit are disposed of, we should be debt free

2. Confirmation of EBITDA to be 9-10%

3. Capex to be 2-3% of revenue only

4. Revenue growth (from ongoing business) to be circa 5% Yr on yr

5. Resulting in probability of dividend discussion next year

Now we start to see the technicals showing we could start to rise - here’s to 40p by July. (Hopefully!) 50p again by Aug/ Sept

Love trading this business. Safe as any business can be

Now it’s just tick over and make money.

GLA and pls DYOR

They off Book so more likely a transfer IMHO

Ocean. You are making yourself look silly with the contradictions

JL has clearly said profit increases (EBITDA), Free cash-flow from profits increasing, debt materially reduced and continued revenue growth

So unless JL is lying then you are pushing water uphill.

Whenever such de rampers come on here, you know it’s soon before the SP will turn and when it moves it moves

Last year we had constant noise about debt, going bust, AA, PE “saving” us at 20p etc etc.

Nothing that has been said by JL supports this turnaround not now being complete and Barclays say 65p (80p previously) and consensus is nearly 50p.

Good luck with your short, I sold up at 50p when the short came back - never thought we would get this low and currently have an avg of 29p. I have about £200k invested and although I am down on paper I have no concerns over the coming months but that’s my view and you are entitled to your opinion but the facts you quote are selective at best and not the full story of CPI at all

DYOR

oceanpassage - wrong!

They have confirmed margins are increased with new contracts - if you post stuff base it on fact not make things up and say "we hear"

Dick

Came - pls share your workings cos I am at a loss as to what you are talking about.

Forget IFRS debt which insists on being on leases etc.

What Non IFRS debt figure are you using??