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The problem is this isn't a growth share. Yes they're rolling out, profitable zero debt. But earnings not growing this year now, and we're not racing anyway hence NOT a growth share and therefore NOT rated as one. That said yes drop could be overdone, depends if they hit revised forecasts, if trading seriously deteriorates and else falls then this price could be fair.
well last full yr results were issued 30th June, but for prev yr ending so wont tell us anything more than the last trading. I would expect they release a trading update at same time thou which is what we're interested in anyway!
Optimistic but perhaps seller was trying to get out before exdiv?!
Yep, sp not gonna do much until some news. Seems to be trading in pretty tight channel thou.
A question I have no idea the answer to. What is potential earnings / market cap in say 2 yrs if all goes to plan? 50, 100, 200 mill? Do we actually have any projected costs, sales target, margins etc yet?
Also just to note other comments. Debt for trading can only be used for that as per last yrs rns, hence they had to raise funds for other activities. So if They don't make profit from trading then will need further placings for rest of coy even if trading covering it's own costs..
I think TW getting that from rns. Rns language deliberately vague and non binding: "the failure of one supplier to ship on time. There is no reason to believe that these shipments will not take place in the future" Notice the no reason to believe part, not even worded as "we believe"...,, All they have to do is another let down in 3-6 months saying, oh sorry we had no reason to believe we'd never get that order but guess what...we never got it for reasons unknown at time. That said perhaps almost is well and just matter of time. Point is coy are awful in communication and constant contradictions / missed targets. Remember the " no need or plans for future fundraising " followed by 2 placings a month later!
afraid im out as well people, I hold a hope that there is confusion and i'll be double hit for selling out on fear + that long term there is a good opportunity here. However with the 2 placings, this apparent 'alternative facts' about what weekly targets were is just too much. the 25kg per week target is just not true however they want to spin it. They may well achieve the 100kg target this year/ next and this may well turn out to be a good long term hold however i just cant trust this coy anymore. good luck to those that stay in, remember number 1 rule - dont loose money, protect your capital even if you have to take some uncomfortable losses along the way like I have today..
you really cant read anything into these recent drops and rises, a couple of thousand pounds traded and share price shoots/drops 10% is the way of a very illiquid share! now when we have a trading update and a couple hundred thousand pounds gets traded thats when ill pay attention! GLA
I agree its annoying, however id put it just as likely that having got their funding away in oct they're not bothered about updating PI's, with good or bad news. track record seems to suggest intermittent and slow RNS's generally.