Member Info for Lawrmyer2

Can’t find much about the II, other than they’re based in Dublin

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

I’ve also added a few at 1.98

Hi Darton.

Agree with a lot of what you said, but TB is taking part in the share subscription from what I’ve read?

Agree with all the comments this morning.

2p is low and pretty disappointing. Also, I wasn’t aware of the £1.7 PAYE arrears with HMRC. Must have missed that.

I don’t mind placings as long as they’re being used for the right reasons. From what I’ve read this morning this placing falls into that category.

Taking everything into account I still remain positive.

Particularly this statement -

“The Board is anticipating a further increase in revenue of between 15% and 20% and profit after tax of between GBP0.8 million and GBP1.0 million in FY24. 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.”

If you remember, last month, I posted a very basic 5/6 year history of performance. In the last 5/6 years the highest revenue figure occurred in 2018 -

2018 - Turnover £37.7m - Profit before tax £0.4m - Share price £0.815.

So, if we can grow revenue to the figures quoted today, then we’ll be outperforming 2018. The sp back then was 81p. Now obviously the landscape has changed since then. For instance, a lot more shares are in issue. Also, decent revenue is all well and good but we need strong profit. Taking everything into account I’m still optimistic that this will come good. I don’t think we’ll hit 81p any time soon, but as I’ve said before I feel 20/30p in the medium to medium/long term is certainly achievable

GLA

Looks like a nice 350k buy has gone through from earlier today.

Not the biggest trading update but all on track -

Kevin Price, Chief Executive Officer of Chamberlin, commented: "I am pleased to report that operational performance in the first half of the financial year has been broadly in line with the Board's expectations. The current order books across all three trading divisions are strong and will support performance in the second half of the financial year. Therefore, the Board believes the Group remains on track to meet market expectations for the year ending 31 May 2024.”

They must’ve been listening. Just had an email about an RNS. AGM and trading update. Will have a look through it now

Isn’t it usual practice to have an RNS after an AGM, unless it’s still going on?

Great, found it, thanks!

I can’t find anything saying the AGM is today. Have you got a link Rivaldo?

Big 275,000 trade late on. Can’t work out if a buy or sell

Thanks for the info Rivaldo, wasn’t aware it was the AGM tomo!

Happy new year everyone. We should get a half year update by the end of next month. Hopefully there’ll be plenty to cheer about in 2024!

In the short term there is no reason why we can match 2020’s turnover but with a profit. So in terms of sp, there is no reason why we can’t reach a share price of £0.10.

Medium term, once the turnaround is fully established, and turnover/profit increases further, then there is no reason why we can’t achieve £0.20/£0.30…obviously, sometimes, the market shows a disconnect. However, as time progresses, it’ll be harder for the market to remain disconnected

I’ve done some very basic comparison using a few metrics (final turnover, profit and share price since 2018) just to roughly show what we could achieve -

2018 - Turnover £37.7m - Profit before tax £0.4m - Share price £0.815

2019 - Turnover £33m - Loss before tax £0.9m - Share price £0.385

2020 - Turnover £26.1 - Loss before tax £1.1 - Share price £0.0925

2021 - Turnover £26.4 - Loss before tax £2.9 - Share price £0.0688

2022 - Turnover £16.8 - Loss before tax £1.0 - Share price £0.039

2023 - Turnover £20.7 - Loss before tax £0.6 - Share price £0.0275

We are definitely still under the radar, which is good if anyone is looking to add!

Small top up from me this morning. Roll on February for the HY report

The turnaround is in full swing. The HY report should be released in February and then we will get a real sense for the progress made

Fantastic news