Member Info for Mafuta

Great set of results. This share is surely due a re-rate. LH&K Mafuta

"Progressing smoothly" ... Now those are soothing words for a change. LH&K Mafuta

Hi HBD I'm also as sick as a parrot but I think it's important to take the BOD to task on this ... If I could attend the AGM I would be telling them some home truths ... In a civilised and mature way of course ... They need to get the message that if they do not pull their socks up there are enough PIs out there to call them to account and even vote against some to continue as directors. LH&K Mafuta

There is a lot of strong feeling (some justified and some not) about the performance of our BOD and this BB has been full of comments expressing deep frustration and dissatisfaction which is entirely understandable ... The problem is one cannot assume that the BOD will get the message of their shareholder’s feelings on their performance unless they are told. We simply cannot assume that they access this BB and take note ... My advice is to write to the BOD outlining your feelings and if at all possible, go to the company meeting in person or at least send in an electronic question ... To get an invite to the company meeting you will of course need to actually hold shares in Sareum ... Let’s hope we get a solution to this mess we are in ASAP … LH&K Mafuta

FWIW here is IRs response to my letter sent to the BOD yesterday:

"Thank you for your email and interest in supporting Sareum, which is much appreciated. As noted in our RNS of March 12, we are currently assessing funding sources. Should we pursue an equity fundraise, as we have done before we would anticipate giving existing shareholders the opportunity to participate. As we have done in the past, we would expect this would be through one of the retail platforms such as Wrap or Bookbuild. If this is the case, then full details will be announced to the market, and we will ensure that in addition we send you a copy of that announcement.

With best regards, Sareum IR"

I was impressed by their speedy response ... Perhaps they have been given a nudge to step up to the mark?

LH&K Mafuta

With 1b results inniment may I suggest that the timing of the RNS raises considerable intrigue. Why have they not delayed the announcement until release of the data? There must be a good reason and someone must know ... One could of course ask but I doubt if you'll get an answer ... In the meantime everything else is conjecture. "It's easy from an armchair" after all the odds of being right or wrong are 50:50. LH&K Mafuta

I think we can be reasonably certain that 737 was only "sold on" with the stipulation it would not be shelved after the debacle with SO ... LH&K Mafuta

The drop in price yesterday was I feel a tad over done ... However it provided me a rare opportunity to double my holdings and average down significantly ... Here's to fruitful negotiations. LH&K Mafuta

Https://twitter.com/Sareumplc/status/1759879219650130007?t=vXH8h3rBZ_FAxluWXHmldg&s=19

Let's put the phrase "subject to finance" into context. My Sunday lunch and pint are "subject to finance", my domestic running expenses are "subject to finance", and my trip to Tesco is "subject to finance". Let's not all get heated up over what is obviously staying the obvious. ... The fact is the trials have gone exceeding well to this point and that is important to any sale of on licencing negotiations that will likely take place in the near future. LH&K Mafuta

Despite the valiant efforts of the shooting party the ducks are still lining up in an orderly fashion ... Onwards and beyond ... LH&K Mafuta

Dave

Some will complain about a post just to get the thread removed ... it's a tactic that has been used many time on this BB ... you've hit the right solution ... start a new thread. LH&K Mafuta

Aber ... just to clear up any misunderstanding I didn't say I'm "happy" ... I would need counselling if I was ... however I am not concerned as the fundamentals have not changed ... I am convinced things will change for the better once the data comes in ... and yes I do think some poor judgements regarding financing have been made ... but without inside information, who knows the reasons for those decisions ... I hope we can all look back someday and reflect on what a good decsion we took to hold ... if not it will be yet another of life's rich leassons ... LH&K Mafuta

Folks, it's all down to the volume ... Low volume with low value traded attracts price manipulation - sorry "market making" ... annoying as it may be I would only be concerned if a price drop was accompanied by high volumes .... LH&K Mafuta

Good morning everyone... Just an observation ... This share is highly illiquid ... Notice the low number of trades on any given days ... This allows the mm to 'make the market' by playing with the price ... That's their job after all ... And if you're foolish enough to set a stop loss the mm will see it and take it out so they can 'make a market' ... Only increased volume can stop their game ... And that's not likely until news drops ... As painful as it may be you either need to get out and cut your losses or grin and bear it and wait. LH&K Mafuta

"These new distributor contracts, alongside the first shipment of products from our Irish logistics hub, are a great step forward in the Company's EU expansion plan into markets where we gain approvals and demonstrate

the effectiveness of our ongoing 4S strategy as we scale the business outside of the US."

Onwards and upwards 👍

LH&K Mafuta

A great set of figures for the year and an expected dividend as well. Great work Mo and team. LH&K Mafuta

Highlights

· Total revenue is expected to increase by 20.6% to $29.5m (2022: $24.5m), ahead of expectations. Revenues are $29.6m at constant currency

· An adjusted EBITDA profit is expected for the full year of 2023, ahead of expectations

· Cash position at 31 December 2023 increased since H1 2023 to $4.5m (H1 2023: $4.1m; year-end 2022: $5.9m) supporting the current organic business growth plan

Great financial update. Looks like we have finally turned the corner. Well done team TRX.

LH&K Mafuta

The low volumes of late work in the MMs favour. At low volumes they can use the excuse that they are merely "making a market". When volumes increase the market makes its own "market" under the supply and demand mechanism and the excuse can no longer be made. (Classic Keynesian economics) ... I don't think we will see an increased volume until we get substantial news.

LH&K Mafuta

Reassuring report ... Now let's get some interest in the pipeline generated. LH&K Mafuta