Member Info for LV1991

What a bunch of incompetent Directors! £250m turnover by 2030, what a load of candy floss, all anyone and they should be caring about is 2024 to 2026 revenue and EBITDA. Do these clowns have a clue or are they making it up as they go along?

Hi Guys, Having dealt in Automotive for many years I can tell you there is zero chance of an automotive customer providing finance here, it would create far too many problems ethically in their supply chain and procurement functions. The only option is a equity raise hopefully at around 15p

Sorry you didn't get your spike Neil, I think the demand has collapsed in the last 4 weeks since the problems became known and prospective customers will have been chased away. Their cost base seems to have been far too high and fixed to deal with a downturn - I don't think the Directors saw this happening when they bought just over 8 weeks ago. Stay focused and am sure you will have other successes

Thanks Washerupper, see there was a delayed £70k sale which was the cause of the drop along with another few trades so a lot of selling, guess someone expected a big rise after the news and decided to sell up. Don't think there will be massive dilution, but a small raise may be needed

Seems strange that it is dropping today by so much with little apparent volume and after yesterday's good news. Have not been invested here for a while as thought cash worries might drive the share price down which it has and I guess a small raise may still be required, but at 24.88p which I paid for about £4k worth of shares today, the risk/reward profile for a 2 year hold seems way overdone

Sorry John, didn't mean to copy your update, your message didn't refresh and show at my end

Share price has just gone up 10% in Canada in the last 90 minutes !?

If it hits 52p then I reckon there will be a 10% downside risk to the share price and a 50-75% upside reward over the next 12 months

Despite all that, looks like we will hit 52p this week

Closed down another 1% in Canada at about 56p, looks like my prediction of 48-52 will be reached next week, hopefully then we will start the slow climb back up to the 60's

Just closed down another 3% in Canada!

Dartron/Neil, I sold out yesterday, sadly not at the top of the spike but at 2.95p, which wasn't too bad after my large double down at around 2.2p. Was tempted like Neil to buy back in for another spike today, but have been waiting to see if it would go sub 2p and then when it did the wide spread put me off. I hope you do get a nice spike Neil and get a quick 40% swing, but the direction at the minute seems to be one way. Anyway fortune favours the brave and this business can be turned round, so here's hoping

Escallum, what was your assumption in terms of how much profit the £3bn loan sale would generate?

Hi Sturm, yes agree it would be sill but it might be silly season soon, I think the lack of clarity on the future is an issue and setting out the plans only in December has killed any progress, a Q3 update will be useful but i might be December or January before we start to see anything other than the odd spike, sadly

For clarity, my buy was the UT listed at 1635 for about £6k at 9.94p

I am in too with a first purchase at 9.99p, I think that is a good average?!

Hi Sturm, I hope so too, but I have paused any further share purchases of TXP as I think we are now going to drop further to 52p and possibly down to 48p, incredible though that may seem. Markets up today but TXP down in UK and Canada and expect some market turmoil over the next 6 weeks.

Hi Sturm, understand what you are saying and agree somewhat with the logic, but hanging on to TXP has not worked out over the last 2.5 years for anyone invested here and I am very glad I have ducked in and out. I think there may be the odd spike here (you would think so right) but don't think cash receipt in October will move the dial

It is the opportunity, if it is achievable

You can pick any dates to suit the message Doc83, i.e. TXP down 66% since Feb 2021 and Metro down 65% since Feb 2021!