Member Info for maddogmcree

Would make sense for company to use share price rise to generate funds via a placing

Would have liked to know how much they were paid to offset the need for cash due to burn rate v revenue

With all results and trading updates signalling ongoing strong performance since June it’s frustrating so see the share price fall from a high of 65p in June to current 46p :(

Hope this is the start of an upward cycle given the positive momentum of the company over the last 12 months

Also very tempted but worried in case something underlying is causing drop

Total income (revenue and grant income) increased 46% to £834,156 (2024: £570,561), meeting market expectations.

Let’s be fair they only achieved what the market and company expected.

On a positive note so many companies over-estimate and then fall short so they deserve credit for delivering.

If Richard Griffiths was always looking to sell his 5.7 mill shares then £1.94 was a good price to get him off the register. He wasn’t a seller beforehand or his reduced position would have been RNS’d so slightly disappointed that the buyback was swallowed up so easily.

From the 9 th Sept RNS

Based on these results and current information we have on hand, the Company is on track to declare shareholder rewards, in line with its shareholder rewarding policy as announced on 01 August 2024

I wonder what exactly is our reward

To be fair to the company they stated that the buyback currently was the preferred method of rewarding shareholders whether we agree or not

Almost instant reply

Dear Donald

We have recently come out of a closed period when we cannot deal. Currently finding it difficult to buy within Market Abuse Rules.

Regards

Roger Goodwin

Finance Director

I have emailed the company re its buyback position. If they have changed their position it should have been rns’d. Today was the perfect opportunity to buy. Let’s see if I get a reply.

My hope is the £36k was not just a punt but more of a researched educated buy

Momentum will remain for at least this week then it will require further news or the sells will arrive as people get bored

It’s typical aim day trading - yes if we all had a crystal ball we could make millions, but it’s short term response to profit drop is my guess. The debt is still being reduced, the order book remains robust ensuring we remain on a path to no debt so I’m staying and I actually think they continue to do a good job.

Hoping for an update Monday - Fingers crossed - last year it was 4th September. Would be surprised if they issued on a Friday

Company seems to have forgotten that they were going to be buying some shares - it’s been a while since any buyback rns’d

Not sure past performance agrees - no issues 7th May update but price dropped to 17.1p in the few days to the lead up. So possibly the same again

Best to look at GMS as a high interest Savings acc. You wouldn’t look ever day but at the end if the year you expect a decent return on your investment. I M H O I believe you will be rewarded if you take a 12 month view and then look at your investment

One day they will surprise us and send it our way.

If we all think special dividend then maybe it will come true :)

In the world of Corporate Finance unfortunately it's never about what is fair, the small shareholder is always the least of anyone's concerns whilst brokering deals. You either trust in the management to broker the best deal or you look to move on whilst hopefully not being shafted. Risk /reward is always key in decision making. Current share price values the company at £100mill, the offer is £90 mill for what is currently a profitable part of the business, with debt around £30 mill if you include cash in hand, what price do you value the rest of the assets /business model - I admit I am less clear