Member Info for Know0

So since the results last week we have had news of 2 disposal giving about £30M cash into the coffers off the £85M debt = £55M now (£7M being received in Nov)

Portfolio Division had annual revenues of £250M in 2022, these 2 disposals are about £110M of that

Still a few more to offload in the next few months - would love to see the £55M cleared with a little to spare

2020 Covid year is now 3 years ago (amazing where that time has gone) but it was then that the company really started to close offices - some have gone and many will now be at or close to break clauses / end of lease or even as the market picks up, early termination without costs

We should see IFRS16 Debt dropping significantly in the next 18mths and the effect on P&L for less lease costs and interest will be significant to EBT

Pre IFRS16 debt will be nil very soon

With revenue increasing, a great pipeline of new contracts and margins on contracts strengthening, this why we have seen the jump but also this is why we will see this ride us into the high pence range

After hours buy for 400,000 shares at just below 40p is like it was back in 2020/21 when we had insane movements

Risky to trade this one now as the graph is upward bound and as we have seen this pst week, when it moved, it moves

GLA & pls DYOR

We want to see those 1M share transactions after hours that we used to get

Hopefully some this week - IIs not taking any chances on FTSE250 listing maybe? They know it will hold and they know they will have to get into their funds

My Mrs sending me msgs to sell!! Im going to have to block her if she continues!!!

GLA

Likewise - and if on Discord will happily share in CPI group

Only reason I disclosed I have a large holding (and those that have been around long time here know) is that I dont want to be accused of ramping

Been posting here since 2020 when I first bought this share and Discord and Wikipenny actually came out of the CPI BB with Eatstocks and myself

Worth looking up the wiki penny Eats has done and joining Discord if you hold small cap companies

GLA

Agree GoCPI that day to day means very little - I did start that with a "BOLD STATEMENT" heading

I, like you, believe there is a lot to come in the next 24mths

When we dropped to the lows we saw, there was very little volume, so no surprise we are back to these levels before big number of sells will start - many LTH have avgs from 40+ (some Ive seen are still sitting with their plus £1

Schroders bought a whack at about 34p a couple of years ago and other IIs did similar - Now we are getting volume its taking the rise to convince the number of holders to let their shares go

You're on to make £0.5M profit this year pal - good on you - Im hoping to make £100k plus by August

Fingers crossed for us believers

GLA and pls DYOR

PS - MMs for CPI are known to drop the price to shake people early in the day - at these levels they may start playing that game (as I expected they might this morning)

Only things to stop the shorts will be :

1. FTSE 250 confirmation (as the funds will have to buy back (im sure some already are)
2. More good disposal news

DYOR

BOLD STATEMENT

We will test 50p this month (possibly a couple of times)

We will break and hold 50p in April as more of the divi investors plough cash into their ISAs for the longer term.

This means we could hit 60p or more in April

Unless there are more disposal RNS, early May the shorts will come back (target 42p) - not as much as before but expect some and posters here will be saying no dividend until April 2024

August, CPI will announce no debt and a small divi from spare (disposal) cash

SP will be back above 60p and a slow climb to 80p by this time next year

So those that wanted proof before buying CPI this year, can still bag from here (IMHO) within 12-14 mths

Big warning - Im holding £100k worth of CPI at cost with avg about 29p, so pls DYOR

GLA LTH

Closing price inflated so that Monday morning we will see a big % drop - MMs likely drop to 37p IMO and pick up a few stop losses

They will shake as many start of the week below 40p is my opinion - see where the buying is then will stall at 42p shortly

GLA

They shorted it at close to 50p - when they shorted, I dumped - bought back too early (at avg 29p) but MW are still making money on their short and I took that profit and thankfully now back in decent profit here - Im sure we will have this crazy battle with 40p and 42p then it will be 48p then the inevitable 50p barrier

BUT - expect news in next few weeks of new contracts and disposals - If we get a few decent items here, there will be a divi announced in Aug for H1 IMO - That is the catalyst for 60-80p

Dont be surprised to see 50p by mid April and shorts opening again, but their window to short it will be smaller so that will depend on where the SP has managed to get to by then

TR1s shortly I hope - lets see who's moving these around

GLA and pls DYOR

Hi all

Great set of results and continues to strengthen.

JL comments about dividends is 2023 I believe will be announced in August with the half year results and the remaining disposals done or all but done

He will want to say thank you and use some of that free cash to give back to shareholders - make 2p a share interim then maybe 3p final early 2024

5p dividend will push this share to 60p quickly and possibly above

Its been a ride and one that I have been glad to take profit on several times but now I want to hold for a lot more

Shame those disposals didnt happen already, cos otherwiseI would've expected divi announced today and we would be 40p close tonight!

GLA LTH

Hope you weren't really shorting this Aim old boy

Aim - you just cant write it - you commented at 16.11 and after that all bar £200 were buys and the price ends up 1%!

You are soooo unlucky!

Don't think so - hopefully Monday though

Im hoping for an RNS Monday morning saying back to work - where the cash has come from will be interesting - is it the balance of cash from Transamine or is it a bridge? We shall see

Hope cash arrives today / tmrw to pay diesel, short haul and long haul guys some decent coin to get them back on board

GLA LTH

It is certainly frustrating to not be given the same info as the II's but todays RNS says a lot - Octopus increase from just under 5% to just under 7% after a 40% dilution - they have increased massively and will have had the full details behind why they was such a raise

It is very frustrating for us PIs but there is no coincidence that Peter has been brought on board and a huge cash raise at same time - something big is about to happen and I for one am not selling a share

This company is well run - prudent and professional - start ups are about growth (Revenue) you can optimise a little later

I have about £80k invested here and slightly down (but have taken lots of profit on previous rises (circa £40k profit). Been here since 1.8p and still as excited about what it can do in the coming months of year or so

GLA LTH

Kevi - spot on

Just to add, Revenue is Vanity, Profit is Sanity, CASH is Sovereignty !

FCF with little to no debt to service is a big plus - strengthens the Balance Sheet daily - build a stockpile of cash to pay a reasonable dividend

CPI is a Divi stock - when there is a possibility of Divi being paid, the hoards will return which will push it back into FTSE250 then the MIs will return also - this is why it will move quickly when if does - could bag or more within 3 mths (not saying starting from now, just when it does start to move)

GLA LTH

Had a meeting at the same time so missed the call

That summary however, is not the whole story.

You don’t dilute by 40% to sit with cash on bank.

There is something coming

We 3 bagged from here last year. We should be 8-10p minimum.

Let’s wait and see but expect we will hear of something sizeable by end of summer

Gla

Have lots to share but need to know (no bull from you) what you’ve done.

approx 40% more shares in the company but this means a greater %age in close controlled - so less %age of shares available to PIs post dilution

Should see this rise to 8p pretty quickly - maybe April?

GLA

A few disposal were expected Q4 2022 that havent been announced - maybe we will get news of one or some before March Results

For me, having resolution to the one onerous contract would be as much of a Win as any sale though.

Lets see what the next 4-6 weeks bring - we deserve it

GLA

Smart Punter - clearly your understanding in insolvency isnt up to scratch

Neither NewGen nor Elemental "control the asset"

The directors still control everything - the only way that this can change is if either or the following 2 occur

1. Directors call in administrators
2. A creditor applies to the court to call their loans - then the 1st charge creditor (NewGen in this case) would be able to appoint an administator

The appointment of an administrator allows the company to continue to trade (some companies have traded for many years in administration) all the debts of current company are held over at that time i.e. nothing for NewGen, Elemental, AP creditors etc - all monies owed to RMM are collectable

Administrators are personally liable - so although appointed by the creditor with 1st charge over assets, they must show that they have done everything to act in the best interest of all creditors and shareholders - selling the company as a going concern with the measured material should easily clear all debt and give shareholders return - any interested parties would already be in discussion with RMM

So sorry to disappoint the posters here saying NewGen make all the decisions etc, they dont - of course they will be wanting their cash back (or a new loan etc) but with no debt in a NewCo, administrators could run the mine for a couple of years and all of that time NewGen get no cash back at all (nor anyone else)

Lets wait and see what transpires, but what we do know is that MM and LD are worth a lot of money - much more than the debt in RMM

GLA Holders

Like the old days - price brought down today to fill this?

Anyway, 1M buy not to be sniffed at

GLA LTH

But Ranger - there isnt a "person" matching the trade - the MMs buy or sell from their bucket - some days they have lots in their bucket to sella another's they have little in their bucket so need to get more from people selling.

All this matching is only correct over a longer period of time

Anyway, all immaterial - price is 5hit and needs to go up - lets hope for us holders under water that this reverses soon and in a big way!

GLA