REMINDER: Our user survey closes on Friday, please submit your responses here.
I know what you’re saying about TB. However, whatever company he is involved in, the company SP has always pumped multiples at least once - eg RMS, Braveheart etc…since TB has been invested in CMH, the sp on the whole has declined and there has never been a x5/x10 increase in the SP. While nothings set in stone, I’d say he’ll want at least 1 big pump for his investment.
On the subject of SP increases, nice to see some positive trades and price action today
One thing I have noticed is that FAB crossed the threshold on 15 January and notified today. That seems like quite a delay. Off the top of my head I’m not sure what the rules to notify say, but 6 weeks seems like a long time.
FAB has an interesting history. It’s not an investment company per se, however, in this case it does seem to be being used as an investment vehicle for the Brown family.
I think it’s pretty clear that TB is pulling the strings being FAB and he can’t add to his holding so he’s using FAB to achieve an increased ownership of the company.
Naturally, it does raise the question as to why TB would take this course of action if he doesn’t believe the company is going to become successful and earn him a decent return on his investment.
I’m out at the moment so will have to read through these RNSs properly when home.
Wasn’t expecting the sale of Petrel. It releases some much needed capital which is definitely a good thing. Obviously we’ll lose Petrel’s income but with some of the sale proceeds being used to expand other areas of the business, then that should make up for the loss with some on top.
Fully get the sentiment.
A lot of trading activity this morning. Everything being marked as a sell but I believe there’s also a couple of big buys in there too.
Should get the HY report by the end of the month. Generally we know what to expect but it will still be interesting to get the report and have a look in detail.
You are right.
The PAYE liability has been buried in the last few final year results, about halfway down the report. It’s only mentioned once in each report.
To me, that’s not good enough at all. Owing £1.5m to HMRC is a massive deal and one that shouldn’t be buried deep within a report. It should be a lot more prominent than that! Poor form by the company IMO
I’ve also posted on here that I wasn’t aware of the PAYE liability either. I haven’t trawled every document released over the past couple of years to look for it. However, I don’t believe it was announced previously. It’s disappointing to say the least!
The company has stated -
“The Group has the installed capacity to grow organically to an estimated GBP45-50 million in revenue with limited requirements for further large-scale capital investment”
This would indicate that the company is working toward being self sufficient and ultimately moving away from fund raises