Member Info for legobrickgirl

A very hard choice for investors here. The company needs the money but a return on capital is likely to be a way off. The sp is not likely to turn around until it is proven the company has turned around. This latest funding should of been done withe the previous one where pis were left out. It shows a lack of competence to predict their finances. Just looking back at the last 8 months on RNS trading updates and the company has gone from predicting an EBITDA of 6.5 million pounds for Y/E March 2018 back on 20/09/17 to 3.5m loss on 31/01/18. Since then RGD have finished that year but no announcement of figures have been released yet. My guessing is there could be more bad news in the results to come once the funding is sorted out. Ofc, I could be completely wrong, and it is up to individuals to decide what to do. If I was a holder I would be putting these in the bottom draw and come back in a year to have a look.

Sadly it is getting very close and now looks like this latest call for cash was leaked, hence the drop in sp today before this RNS. The prediction was not too hard to predict though as I have seen too many times the sp drop to below the conversion price in other companies. Also when statements are released saying loss for the year, financing needed to keep the business trading and poor corporate governance and controls then it is obvious that the company is going to take a long time to recover and the sp will fall. But, the new directors are making changes, selling of Garrets and the Napier a few years earlier are good moves, removing the dead wood. It is very possible a change around could well happen. A lower price is still to come I think though.

Some hell of a lot of big trades going through, buys and sells, at the moment.

Good point, showing the dilution that has happened in the last 5 years. But as others have said, if one biggie goes through, it will likely be the catalyst for others which should come quicker (one would hope, but it was also said there is no certainty of the second MOU to follow this year). This board can certainly show investors to be in one of two camps. Those that trust in the BOD and those that do not. This is a massive issue imo for the bod. They should do more to gain the investors trust, but they just do not seem to care.

Just a suggestion, but why not keep your original investment of 5000 shares just in case this does come good? I have to say i am a doubter because I do not trust the bod, but if everything does come to fruition, then the share price will eventually provide you with mutiples of your current value, which would then at least get your lose back. Bare in mind the share price did go to nearly one pound several years ago on speculation alone. At end of the day, the decision is yours to make. I don not know your investment strategies but I personally invest smaller amounts spread between 15-30 different companies. It certainly works for me. atb

I also thought it was a weird statement to put. The agriculture side was currently loss making but they stated they saw potential to grow it massively. This would need a lot of management time though and likely funding as they talk of changing infrastructure. I think the statement was to suggest both of what you said. Implying that this sector could become another Step Change for the company but is being put on hold while finances are used to build up the wood business first as that is the more profitable and quicker part to do.

Considering the low of 52p for the year omg is nearly 50% up year on year so i would say the recent drop was just profit taking. What ive found surpising though was there has been no holding rns for sells, suggesting the drop had come from private investors. To add to this, there was a holding rns for an II increasing their holdings by 5%. Is it possible then that the price was dropped to allow this II in lower? Normally a 5% increase by an II would take the price up. There is how ever not a massive amount of shares available. Very promising imo to see II buying and not selling.

Joe, I am not sure you will get an answer to that until time has passed. Some things as an investor you just do not know until after the event. (unless you are one of those people with the special ability of forward hindsight).

I think the issue is, if the bod had just gone out and bought shares it would of instilled more confidence. Where this share has massive potential to be a multi multi bagger, it is taken a long time to get there with many dilutions, delays and misleading time scales. Jam tomorrow and gravy train getting banded about. The bod have not instilled confidence in many investors and have left people with doubts about the company. As others have said, extremely high risk, but if pulled off and the company is honest, then a potential massive return. Not a share to plough hundreds of thousands into imo but one to possible gamble an amount you are prepared to lose. As they say, Do Your Own Research, and decide on your own as it is your money you are invested and only you can be accountable for it.

That too, but at the expence of share holders who have already suffered enough. They get paid plenty and something like this should really be done when the company is profitable and self funding.

Confident maybe. Or could also be read as did not want to pay for them. It would of shown a great more confidence to investors if they had bought them.

Finance agreement or bod buys? Come on make your mind up! Which one is it? Baring in mind they should not be allowed to buy if they have news to come out regarding finance agreement.

Well, the plot thickens. But all speculation. My main worry in the past was that HYR runs out of cash and mr black picks up HYR cheap like he did OSS. With the funding he has I’m sure he would be able to turn HYR profitable quite quickly like he did with slickers. The two companies would certainly run well together. But as I said, all speculation.

I understand what you mean about misleading. But it is what it is, last years figures. Since then we have had the quarterly update which was very positive. I think we could see a slow rise up now back to the 12.5p range and as you mentioned gap filling then 13p quite possible. Moving beyond that is likely to come after July and the second quarterly update, providing OBT show they are progressing. What I did find positive from the results was this statement: As evidenced by our quarterly updates, we remain committed to communicating regularly with you, our shareholders, regardless of whether we are ahead or behind the targets that we have set for ourselves. While 13x year on year revenue growth undoubtedly represents a major step-change for the Company, this is merely the initial phase of our intended growth. I am excited for what 2018 will bring and fully expect further step changes in levels of revenue and profitability in the years to come. Clearly OBT are not finding everything smooth running but they are telling us they are concentrating on the aspects of the business that create the most profit. And with these hiccups along the way, they are still managing to step change the business. The main aspect for this year has to be if OBT can become self funding through profit or not. This is what I imagine the market wants to see and more importantly wants proof off.

Let me put this another way: The net asset value of the company is now 6.5x above the share price value. In other words, the company has 220 million in assets yet the share price is valuing it at 34 million. It's like you house bring on the market for £34k when it's actual value is £220k. When a company is actually making a profit the market cap takes into account forward earnings and inevitable the share price gives a value above the NAV. The NAV is currently 6.5x higher than the market cap. So, given time, the sp will likely make its way to 65p and then some more to take into account forward earnings. This will not happen over night but IMO the rerate has started today. Yes, I’m sure there will be some negatives along the way, but this is currently massively under valued atm.

The thing is, out is at a start of a growth stage. More is coming. As I said buy in at these silly low prices, hold 3 years and look at where you are then. Won’t be 12.5p or 20p or even 40p. Patience.

Dam iPhone predictive. Onto = OBT

Ever thought of diversifying? I tipped onto a short while ago. Results out. Market cap of just 34 million yet ha navy of 220 million, no debt, just increased revenues by 13x and gone profit making.

Yes looking very good. Only glanced at it so far but will read in full when I get to a pc. 13x revenues! We were talking of 4x previously. Net asset value has increase massively from 152 million to 220 million yet our market cap is? As I said, people need to learn patience. The sp has dropped because of a few different reason. There are still hiccups along the way, but the bottom line is, this is massively under valued and as a pi, you are able to take advantage of buying these cheaper than the II s and cheaper than the directors.

Funny, I said just the same thing a year ago. Was not taken well. Question is, if mr Black was to buyout the company, would he be paying for it, or getting it cheap like slicker?