Member Info for LV1991

Agree Tom, but Mr Market knows this very well and despite this says the shares are only worth 73p

The reason people are selling is this has been a disastrous investment for the last 2 years - 2 years ago on 3rd September it was at 82p before rising to £1.55 on November 9th 2021 - in times of 5-10% inflation that is a disaster. Over the last 12 months all and numerous deadlines and timeframes have been exceeded, often without satisfactory or logical reasons. All positive upside from here is known, so most of it probably factored in. Due to the last two years disastrous performance, the market will probably take some time to re-rate, all be it there might be the odd spike as we saw a few weeks ago. From a trading perspective there are some right basket case companies where you can trade 10-25% profit in a few weeks - which is ridiculous as TXP in my view is not a basket case and has a great future, even though it is down 20% in the last month - so I really don't blame people for selling and seeking better hold and trading gains elsewhere.

Agree, the message seemed to be we hope the market will improve in H2 along with our cost reduction plans so we are in line with market expectation, otherwise we are in trouble. Assume the muted message and lack of numbers has depressed the share price and sent it South, only question is where it will settle / assume somewhere between 80 and 90p

Under £1 looks like a good entry point, but £1.031B of net assets is underpinned by £1.065B of intangibles? I have always found intangibles hard to find when you needed them lol

Is this the Wall of Cash PB has been talking about??!! The forward guidance reassuring us must be written in invisible ink as I can't see it??!!

So the dividend has been cancelled this morning and they have confirmed they are likely to breach covenants. Very poor management over the last 3 months, no grip at all on what is happening week to week. To announce the dividend and then scrap it suggests both incompetence and a further deterioration in trading. On the plus side, the business should survive and recover and today through to Friday may provide a value entry point!

@Tandmeister / dont know why you say that, I am always interested in when and why others are selling and buying and why, because I value the views of others *even if I have a different view( which is what these forums are for? I am not one that prescribes to the view that anyone buying or selling and then posting is going to move the share price one way or the other, except in very small companies with limited float. Anyway, I wish you all the best in TXP for next week anbd month and maybe I'll be back.

Hi Adon, that message was on/about ITX and not TXP

I can't complain, I have traded TXP and held TXP in varying amounts over the last 2 years and overall done very well. I started selling again when we hit £1 again and sold out my last small holding yesterday. No doubt there will be an RNS on Monday and the price will shoot up by 25% and if it does I will be happy for all the LTH's here to deserve it. Both the climate in T&T and the delays on Coho and the poor communications have led me to lose confidence in the story and although the fundamentals remain intact, I don't think any of the future timescales will be met. In the meantime and especially with turmoil anticipated over the next 6 months, I think there will be safety in cash and good opportunities in the volatility. Never say Never and I may well be tempted back again, but the last 5 months have been exasperating and could have been handled so much better.

I am beginning to think I have more chance of seeing gas coming out from my electric cooker than from Coho!

Been in a coma since April and just came round, maybe it was the smell of gas that did it? But then I see Coho is not producing yet?! Maybe I should go back to sleep, or will we get a typical TXP Thursday RNS tomorrow ?

I sold out my complete holding here yesterday as it is always the same, rises prior to news and events and then drops. No idea how far the drop will be, probably partly market dependent. In my mind they will need to raise cash as the growth continues to rise. Believe there is value here in the long term and will be back in at some point. It is a frustrating share.

@Joey, many thanks for your views and thought your summary was insightful "The only thing we can do is be Stoic and change our own expectations. For me that means assuming both Coho and EIA will continue to be delayed probably until 2023. I think expectations about SP recovery should be conservative. The only thing (IMO) that will move it towards the alleged intrinsic value is cash in the bank; the current fiasco means plenty of current holders will sell into strength (and who can blame them!) so I suspect Coho will be a disappointment to the many who think it will ignite the price. Only cash in the bank, and lots of it, can do that now."

I have been frustrated here seeing stagnation while other trading opportunities have delivered 15% plus in a few weeks. I agree with your view that there is no positive catalyst here in the short term and we are probably looking at 2023. I now have to decide whether to park this for 6 months or exit and seek other opportunities for the balance of 2022.

Many thanks to everyone for their views.

Hi Guys, have not been following all the developments here as closely as you have but sense and and agree the frustration. I think PB has done a great job overall and have had sympathy for the challenges which they have faced, but I am now starting to think that TXP needs to fundamentally review the challenges they have faced and take decisive action to ensure the structure and relationships exist to allow the company to prosper, in other words I don't have confidence any more in the way forward. As I understand it Coho will produce revenue in August, but there appear to be many steps that have to happen for that to take place and I am not sure we have full visibility of those steps or where those steps are. My major concern however is the EIA, I can't reconcile PB's comments in the video interview one month ago with what information came out since / his comments and the information that has come out seem completely at odds with each other. Am I reading the EIA situation right or do you have other views. My average is 68p and I have never been worried about this being too high but I am now seriously concerned and the lack of news and development is not adding to that feeling of uncertainty.

The "big chunk" represented about 0.082% at £20.6k of the shares in issue but the share price dropped 10% wiping about £2.5m off the market cap!

My £6k buy went through at 11:43 and 3 minutes later there was a £20k sale - £20k sale against a market cap of £23m is not a large sell in my book ?! Just manipulation by the looks of it?

Great perspective DD77 and your comment about what you are interested to see nails it / and one tends to speculate to the downside when they didn't confirm the detail in the RNS this morning. Like you I have bought on the dips, but I have also sold on the peaks, would prefer to make this a long term hold but it is often one step forward and two steps back.

I will be back when the H1 results are coming out / kind of amazing with 22 days to go that they can't say anything about them today ? Sp now down 24% and looking like the sp will be under 4p again next week. There is a reason to be realistic here, although you view it as negative.

@chilting / unfortunately massive declines in revenue and gross margins means it is not a growth company lol And the outlook is not good as they give no outlook or forward guidance. I don't want info on new customers and applications, like all shareholders I want info on revenue and gross margin growth, all of which is sadly lacking

All jam tomorrow, results as expected but lays bare the revenue and gross margin collapse in 2021 which led to the cash raise. No forward guidance on revenue, gross margins or cash, more bs about addressable market sizes but no news about large ongoing orders, just trials and more new products without any substance. Would expect the share price to headback down below 5p while waiting for the next cash raise, all be it that might be late 2022, early 2023.