The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Unusually high number of trades today. All at the bid. Interesting behaviour. August trading update according to Craig. Looking forward to that.
Thanks Craig. This is the quote delivered in the Q1 results:
For 2H 2023 and 2024, we are focused on delivering the benefits of investments made in prior years to reinforce our long-run growth trajectory by: commercialising new technology solutions for our customers; hiring and training more technicians to meet market demand; and completing implementation of the leading customer relationship management system to automate operations, support scaleability and enhance data security.
In delivering on our growth plan, we appreciate the on-going support of our shareholders."
I notice there’s the AGM next week. Do you think they’ll issue a trading update?
With the new technicians trained up plus weather conditions in the US then you’d expect to see positive momentum in the business. I also think the CEO talked about demonstrating value for the investments made.
Great to see the upward moves. I see there’s a investor day on 13th Jan. Any other ideas on the rationale for the move? Could be the general uplift in sentiment for the semiconductors.
https://stream.brrmedia.co.uk/broadcast/634e6c456815e65bb9fdae06/637f639667d69d6f07065146
Fair enough but feels like the new CFO has done that Alex at with the write down advised in the half year results. Seems like a sensible and conservative approach taken.
https://webcasting.brrmedia.co.uk/broadcast/623b00125929033805715060/628cb7a97432d566a424a43d
I contacted Investor relations who advised full year results are scheduled for 22 November. They also reminded that ‘…..performance for the year on an excluding armor basis is predicted to be at least in line with market expectations…’
I notice there was a 30 Sep year-end trading update issued on 13th Oct last year. Does anyone know if we’re due the same tomorrow? Thanks!
Hi RetiredBanker - any ideas why we’ve not seen any trading update? I’d dip back in but that’s making me a little nervous.
Great to see this with Huntings results commentary announced today:
‘For the Company, every business unit and region is witnessing increased demand for its products as evidenced by rising backlogs which have notably expanded since the start of the year given a new budget cycle. ‘
Thanks for the clarity. You seem to have a good handle on this sector.
Can’t claim ownership for the calc. Attached article quotes programs valued at £26bln over the lifetime.
https://www.energyvoice.com/renewables-energy-transition/wind/uk-wind/scotwind/380073/scotwind-cromarty-firth-aberdeen-harbour/
Very interesting. Offers a pipeline for projects worth £26B over time. Strikes me there’s a huge opportunity both old and new over the coming shorts years.
Feels like a great deal if momentum behind the share price. Next stop £1.70.
I think the Soc Gen target of £2.40 for end of year would be a reasonable but conservative target. To be fair there’s a great deal of pent up demand after 2 years of tools being down, that’s likely to result in a sudden grab for services to get these projects moving. So upside to the £2.40 target well I think £2.90 to £3.20 for year end is my guestimate.
Feels like a great momentum play happening over the coming months. Now just to get us off that ADNOC black list.
Does anyone have a view on the impact if Qube is were trying to fully close out their short of 2.5mln shares?
Not sure what the daily volume is in PFC and how easy that would be to close out without causing a spike.
Any views welcomed.
That’s very encouraging indeed. Thanks for posting.
Does make you wonder. Too co-incidental. What would that suggest?
..just checked out Alice’s LinkedIn post again and looks like the words ‘record breaking’ have been taken out. I reckon that’s considered market sensitive info.
Very encouraging update. I like the vertically integrated channel and will bring additional opportunities and revenues. It is good to see continued corporate activity here.
Yes a new reportable position…hard to see whether they’ve increased over the .5% threshold.
Interesting that another manager, Naya, actually decreased on the same day, and they’ve had a long term short position and were increasing their short back in late Oct.