Member Info for Mekas

There is no placing. There’s not been a suggestion of one. They are running down stock levels and have undrawn overhead account they can use. You’re the only one who brings it up and you’ve not been right yet.

I enjoyed the typo. We shall see what the next results bring, I wasn’t around in the 24p days but have also made money in the past here. I’m hoping that the turn around they are aiming for is not just lip service. They are unlikely to be materially behind or ahead of expectations or they would have probably rns’d accordingly, so I’m not expecting too much surprise.

I've had a top up today, lets see what the NAV is like end of September

Yeah had a little cheeky top up. Might get back to 1p if the next update is positive. GL all.

Only 1.4 mill for me. But it is a 1/3 of my ISA, so a bit lopsided. Hopefully the risk will pay off!

September for next update unless something exciting happens

Cheeky little top up for me and yeah tuck away and wait

Yes, if we get a good set of results next this could easily re-rate to 1.5-1.8p

That’s what I’ve been hoping for anyway.

Indeed, I noticed this share recently and am trying to add on the dips when I can afford it. With less than 38 million shares, if things go well, could imagine some decent returns.

Yes - was mine - have taken the hit :/

You often post about placings coming but that’s not been true yet. The only reason this would have a placing is if they wanted to acquire someone imho

They have to get burn rate under control. If they can start to get income above expenditure then this will start to recover

Decided I had time to top up here later, could have been wrong. Tbf am over exposed here, so not too sad.

Tight lipped, didn’t say much, said if outlook was worse than predicted they would have to update market and they are not.

I feel with new permanent cfo if things continue positively then we shall see a re-rate around September. He seems capable.

Maybe time to accumulate here.

Maybe they should have waited to resume their share buybacks until after the year end update! Muppets!

Agreed, feel best result would be selling the company (would happily trade vela shares for some IP group ones - they have enough in their treasury alone that would be a small dip for them) or failing that i'd take a MVL if we had a vote on it - sure some unlisted securities would be harder to shift but its better than what we currently seem to have. The vela ship feels a bit rudderless at the moment.

Nice to get an update of sorts, even if it seems like the wait will be still quite a while

Apart from all the things to put you off, what puts me off slightly is that I feel Jon Burrows earnings for 2023 (336K + 200K bonus) being over the companies revenue for the year, seems a little bit overly generous to me.

We have one online question, when will you pay dividends?

Did make me laugh, someone has a sense of humour (or no idea)

I think people make the mistake of thinking that because they were shafted before, that it won’t happen again. When in lots of cases it’s more likely.