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Is that 5.3 million loss taking into account the dividend payment though? Take that out if the equation and loss is a lot less. If the company can clean up there payment collection processes hopefully the profit will increase substantially. They should get rid of the dividend for foreseeable future.
Let's get real, £5 a share Is complete nonsense
365 a disaster yes, I'm sure there must be discussions in place to cancel the yearly payments Castleton are making to them,and sell them the 365 platform outright whilst selling off anything else they can get rid of. Cor, well it had revenue of 19.2 million in first half so yes it seems very much alive, albeit with plenty to prove. Castleton hopefully can kick on from here. Looking forward to the latest purchase Tax as they seemcash generative. Redcentric purchase still in profit even with another drop.
Agreed reads ok, so leaky news it was then....
To give some balance it's not what we knew in October. Rob Cotton told is that pbt targets would still be achieved. Today we have been advised they won't, this calls in question Rob Cotton credibility in my eyes and is why I'm out. Should have been fully honest in October instead of what it now appears was unrealistic expectations of catching up the drop in profit.
Although it could be any number of reasons. Mms trying to get people to trade and make there money, a tree shake because news is positive on Redcentric and they have buy orders to fill or a leak and the news isn't great. Who knows....
Redcentric sorry
Leak of recentric news? Bit of movement over there as well
Credibility of the company how hangs on how this plays out at RCN. Could be a great trade buying 7 million shares in the 50's, you would hope MXC now better than anyone what RCN is dealing with here. On the other hand if this is a screw up then could be game over at MXC, on reputation more than anything.
I think the drop is to do with Tony Weaver more than options the company has on RCN.
Could see someone taking advantage of this savage drop, with an opportunist bid for the company.
Think a decent set of results, there is no point viewing this company in terms of PE ratio etc. The value of the investments has risen considerably and advisory fees revenue has risen significantly too. Last year's results were skewed by a 5 million disposal, but that's the nature of this business. I'm not sure what you were expecting northernsoul...
Vertu motors trade on a forward PE ratio of which is 0.5 higher than lookers, 8.7 to lookers 8.29, albeit lookers EPS growth is forecast to be much higher. My point being that we know the results are above market expectations and there could be a significant adjustment to forecasts after Wednesday, including EPS growth. Historically vertu trades on a lower PE of 10.1 to lookers 11.4. Again my point being that vertu seems to under promise and over deliver.
Naked trader back in!! Looking for another run up to 320, and with revenue up 60% why wouldn't you!?
Another strong set of results. Sales expected to increase in 2nd half.1 pound after full year??
Not impressed by the placing price, how they came up with an 8% discount to yesterday's closing is beyond me. Wiped out the majority of 1 half years growth for me with this share. The market clearly isn't that impressed either. Going to have to try and calm down a bit! As up to this point this has been a great share for me.
You probably won't hear from him, he only appears when he is in full ramping mode.
You probably won't hear from him, he only appears when he is in full ramping mode
Yeah I emailed them last week and haven't had a response. Like you I just saw November, so guess they could be any day now.
Hi guys, Things moving nicely here, anybody know when the next set of results/ trading update are due? Tried to find them on website but couldn't locate. Cheers