Member Info for Lawrmyer

To be honest I nearly posted the other day to say that I wouldn’t mind if the company did a placing. Ultimately, we don’t have a massive amount of shares in issue. And even with the placing it doesn’t increase the share issue by a massive amount.

The discount is only 7%.

I trust the company. The company needs further funds for working capital. The placing will allow the company to solidify its turnaround. It’s not like one of those placings that will just end up in a few back pockets. It’s a legitimate request for funds and it’s one that will benefit us in the long term as the SP will rerate accordingly when the turnaround is well advanced.

Also, TB has signed up for further shares. So, he’s put his hand in his pocket again. It’s at the centre of the company and knows the ins and outs. Knowing TB, he wouldn’t throw good money after bad!

I take this announcement as a positive.

The fact that this is 10% down shows that the market saw through the BS

There is certainly a disconnect at the moment between the company and the sp. It’s a frustrating situation I agree. The company is in far better shape today than it was, yet the sp has declined. It doesn’t make a great deal of sense.

However, I do remain positive. We have a company that is getting back on track. We have assets and products that are being sold. All the noise coming out of the company is positive and I do believe them, unlike some AIM shell/lifestyle companies. We are not one of those.

I do agree with Draft in that TB has had paydays from RMS, BRH and IQAI. So far, there has been no payday from CMH. Also, we have several II investors, one of whom, as you know, only invested very recently. Personally, given the II investments, the fact we made a profit recently, albeit very small, and the fact that there’s an ongoing shift to use onshore manufacturing, I’m optimistic that this will come good. I said a few months ago that it could be a slow burner to begin with. However, I feel that once we gain traction and the recovery builds momentum, the MC/SP will shift to become more reflective.

I don’t know what the MC could rise to long term as that depends on a lot of factors. However, short/medium term I do not see why we won’t hit circa £20mn.

Basically this is like asking your mate for a tenner

Not sure but it’s been a good day. Great to hold over 1.20. Let’s hope we can hold above this level now.

Good day today. Onwards and upwards

TB won’t go anywhere near this.
CMH is his new project

Saw this article today. It says that this decade will be about the shift to using onshore supply chains as opposed to offshore, such as China. China won’t be cut out completely but the reliance will be reduced. This can only be good news for us.

https://www.ft.com/content/d88955d4-2bc8-476e-9cdb-882ca3c3b10d

This share sure is a turkey, couldn’t have put it better.

Most certainly. This really is a basement price to get in at! However, still happy at 2 holdings of 5.5p and 8p!

They must’ve been acquired over time. There were a few days a few weeks back when a lot of trades went through. That doesn’t add up to 4.5 million, but they must’ve been adding before that too.

According to the website - not updated recently though - Ownership as follows -

Trevor - 29.9%
Chelverton Trust - 8.6%
AXA - 6.4%
HSBC - 5.9%
Miton Trust - 5%
Keith - 0.89

Armstrong - as per yesterdays RNS now have 4.38%

The above totals 61%, so public ownership is around 39%…but that might not be 100% accurate as they need to update their website

Massive show of confidence with this II acquisition

Decided to add a few. I don’t think the sp can hang around at this level forever

Big sell. Someone waiting in the wings to buy the lot?

Fully agree. We’ve hit our all time lowest sp today. We’re in a much better position today than we were 12-18 months ago, yet the sp is lower! It doesn’t make a lot of sense tbh. However, I am still confident a rerate will take place as long as we stay on our current path!

What are we expecting with the sp today? Obviously this is good news but you know how the market to bash companies like vod

When you compare our MCAP to others there has to be a rerate at some point.

Apologies to anyone in NNN, but my view is that it’s a complete junk stock, yet its MCAP is nearly double ours at £9m. NNN have never been close to making a profit and haven’t even got any finished products to sell.

The market is skewed sometimes. However, if the CMH BOD carry on with their plan and produce strong results like they have alluded to, then the MC simply cannot stay at this level!

Definitely don’t think the small drop this morning is warranted. However, on the upside it provides a decent buying opportunity

Like the sound of this. Clearly, not out of the woods but there’s definitely a lot of positives to take from this update!