Member Info for Know0

as soon as the shorts opened I got out fully at high 48p - not because it wasn't worth that but I knew what the short would do so I helped them - And is not about 29p (which I thought was good!) - still believe we will be back to close to 50p before end of the year and most here will sell up - this will then allow the II s to get in all they want at that time before they get their £1 next year - all IMHO!

It is agreed by the company (and analysts) that revenue will reduce by selling the Portfolio division - Avg of all analysts suggest portfolio business revenue is circa £350M - so of course it will reduce revenue

The question is can the Life & Pensions losses be stemmed at the same time

Anyway - will leave you to your "FACT"!

also AIM - the volumes were small last Friday and Monday (and tiny so far today!)

13M traded Friday - we had 43M and 47M in one day on previous RNS - try facts bro rather than making stuff up

GLA

AIM - pls read above my comments to EEg - not sure why you think last Fridays results were poor? They show big improvement year on year

All those saying that "selling profitable business is wrong" they increased EBITDA from £100.8M to over £123M in the same 6 mth period and had no below the line exceptionally either

If people don't understand accounts that is fine and understandable - so ask someone

Free cashflow and disposing off Portfolio business should nearly wipe out Pre IFRS16 debt completely - ie No borrowings and the only "debt" on balance sheet will be Rent contracts for future years (property and vehicles) that are in the main ZERO interest

GLA and pls DYOR

elegise - Im not sure that you know how to read a set of accounts if you believe that!

£290M debt and falling with more disposals is absolutely nothing for a company with over £3 Billion turnover!

They have written off £92M of Intangible assets (Goodwill) in H1 2022

With revenues growing most falling to the bottom line, EBITDA is showing serious growth (£123M compared to last years H1 of £100M)

But if you have an agenda and don't want to read the facts, then so be it - but these are the facts

Free Cashflow is increasing and interest rates are extremely small - however, if you knew about CPI you will know the debt that is being paid off was the high interest debt they took when in financial trouble

This should be 50p easily and will be before the year is out (IMHO) - no offer below 80p would be considered (again IMHO) but I have also stated many times that I don't see a buyout as a reasonable option, because PE would only get the benefit of stripping down some of the corporate costs and don't really see how they bolt anything onto CPI and what could be their exit ? IPO?

Don't see a buyout and never did - but of course it could always happen

GLA

we only traded 13M shares on Friday and under 10M Monday

We had 43M and 47M days on other big news - so many of those that bought in low 20s will have been the ones selling Friday and Monday - the IIs are not going to be the ones selling on this news - so, Sept/Oct I expect to see us to mid 30s or even low 40s

When institutions come back in, this will be one of the markets winners IMHO

GLA

Sorry guys, I was out ATV driving Friday and on a boat drinking and playing all day Saturday and Sunday!!

CPI have been very clear that H2 is where the profit is - but H1 is decent - EBITDA of £123M for 6 mths may well be over £300M for the year - if that is confirmed, we are currently valued at 1.5 times EBITDA!!

We just sold a business for about 12 times EBITDA!

Pre IFRS 16 Debt is now under £290M - down £140M in the last 6mths!! (edited)

That is cash owed to lenders rather than rents and car leases inc in debt (which is nonsense)

Head Office costs are being reduced and although some profit will be lost when business units are sold, the returns they are getting are very reasonable

The sell on news boys drove the SP down end of last week and today, but the base is stronger now and I still believe we will get our rise in September after the holiday period

I saw @eatsnails [eatstocks] comment somewhere that large funds will indeed have to come back into the markets at some point - the last 6 mths has been to test PIs - expect another month or 2 is my opinion, then (another major world event aside) then I think they will start to buy and we will see shares like CPI do very well before before Xmas

Lordy2020 - I can assure you David Watkins comments are as replied to by Stuart Morgan - David regularly emails Stuart and shares these with us on Discord

He can cc you if you join discord and DM him your email address

40p by end of Sept is my guess

I also think Fatsam has a good point - someone wanting to keep CPI out of 250 until end of year - if return to 250, the Ins will buy back in and push the sp right up

GLA all for tmrw

Yes, a share buy back would be good, but I don't think they will as they haven't already and SP is likely to start its rise over the coming weeks

GLA

Last year we were sitting in the low 30s at this point - H1 2021 came out on Friday 6 August

5/8 - 35.99
6/8 - 40.06
12/8 - 47.97
19/8 - 50.44

End of sept reached 55p

Last year we expected a really rise into the results but it didn't happen - and it didn't happen on results day - it was the following week that it started to move

Lets hope we are over 32p by Thursday - the next 2 months I expect to be a joy!

GLA and all IMHO

Although Aim is correct in his statement of a discount to asset value at 31/12/21, its at nearly a 12 times multiple to EBITDA

Clearing an over inflated asset value but puts £60M in cash into bankers hands and on EBITDA basis would take nearly 12 years to get that - decent bit of business

Not sure we will see huge movement in debt as at 30 June as maturity of debt is H2 - but we should be holding cash to pay off that expensive debt and as long as we are delivering what JL said in March and has hinted at end of June, we will be happy

Last years results were also a Friday
GLA

Saw that Passwind was on recently!

You know its going to bounce soon when it comes here

AM crying now - his 50p short bet has cost him!

Lets get back to mid 30s before the Results then we can go at the 40-50p range again

Recession won't be bad on CPI - in fact will probably increase contracts as more gets outsourced

GLA and pls DYOR

https://discord.gg/wEz7tJEg

If you came in at 3p then they've doubled their money - good luck to them - no issues as we will still rise to 8p pretty quickly IMO

12p target for me before trimming

GLA

Kermit. - don’t tell anyone though. Cos it’s a secret!! ????

Jelly - It wasn't his "view" it was factually correcting your misinformation

Just because Trump and BoJo normalised lies, doesn't mean we all have to follow suit

As pointed out, compensation in last FY was significantly less than what you claimed

GLA

We knew end of last year a large order was not delivered until start of this year so it was a reason for the reduced revenue in 2021 H2 but also part of the reason for the superb H1 2022 revenue figures

Lets get to our true Mkt value - which for me correlates to 10-12p - anything under 9p is a bargain IMO

Yesterdays volumes cleared a few of the traders - 8p will be the next hurdle IMO

GLA & pls DYOR

For disclosure I have a substantial holding and remain bullish on ITX and expect us to be bought out within 2 years

https://discord.gg/xvkmGJyz

We need other Brokers to cover RMM

Toby and team going to forums etc will not on their own bring in the IIs. SP Angel cannot state more clearly that this is undervalued but we will have to wait for copper recovery and hopefully within the month, the H1 Financials

Last year we were very pleasantly surprised with the H1 Financials and I expect with the work done and the price Copper has been, that we have shown good profits in H1

Now that we are moving closer to full production, the important figures will be cost forecasts and that would be better coming from a broker

Disappointed with the fall - whoever were the sellers (K2 or others) then so be it - its going to be a long 3 mths for us LTH but we have the knowledge we are producing at expected rates and building nicely

Still see 40p end of year but as with everyone else its a guess!

No need to sell though and have accumulated more of the future profits I expect (even though they maybe delayed from what I had hoped / expected)

GLA and DYOR

No drone.

Took a photo whilst flying over last month and sent to Discord

Hope to get one next week for us when fly by again

Hope youre ok Moon. When you talk on the calls you’re all Toby is the man, then you post on here saying everything going South.

The company does read here from time to time mind. They see what you write

GLA. Let’s hope for great June tonnage and then back it up for Q3.