Member Info for Mikey279

Sharebel....then what is the correct maths?

25m for not greater than 10% values it at just that, what do you mean by 'discount'?

unhooked is right, the year end numbers don't lie regardless of stock they have in hand

Surprises me that they haven't opted for a debt facility - but maybe they haven't needed to, it protects from silly interest payments and charges on assets

But a premium online brand with a million customer base built over 12 years cannot go from £800m to £50m, that's where the value is

Anyway I'm anticipating this will sit in the 20s once the seller is done - then financing will decide what happens next, it's well positioned for a massive uplift should macros improve

All IMO though

Yup but there's also an aggressive seller...is the brand itself worth £50m? when IPO'd at £800m....easily

Just did some estimates of what they would require - as projections were around £30m or so lower you'd imagine that would be the raise, it won't be down here once the sellers done - but at perhaps 20-30p? so maybe 20-25% or so dilution, if it gives it a shot of even half the IPO price in a recovery, i think its worth a punt

They will still be cash positive at year end and I assume around 300m (?) revenue - cant see any debt facilities (correct me if wrong), so it's safe for a while

High risk high reward, it will be acquired on the cheap well before it goes 'under'

All IMO

yup hindsight broker ratings.... it usually to cover their embarrassing previous estimates, if the SP goes back to say £3, no doubt they raise it to £5 again

doesnt mean much.... look at BOO barclays have 45 its at 68

what is the reserve level here...? how long can they produce for

What a gift....one of the dumbest drops I've seen in this bad environment

No worries folks - not talking it down in any sense, just pondering the scenarios as to why we're not already at 20-30p on the MOD contract let alone today's one....it can only be the historic 'funding after a good contract' fears

All IMO though

Maybe and maybe not, I'd rather them use money from a small raise than eat into a 10% debt facility considering our high cash burn....it just removes the 'uncertainty' and gives us more chance of SP appreciation IMO

Happy eitherway though

Great news ! Puts us much closer to break even next year

Now if they can get a raise away even at these levels we’d be in good shape IMO

Imagine spending a whole week spamming a narrative only for 2 positive RNS's to land, what a WASTE of time ;)

Please do - rather than infest the board looking for a cheap entry/out of bitterness

Oops, the naysayers go into hiding today

The size of the raise suggests a temporary stop gap to me, I’m sure they could’ve got much more away considering the over subscription and price

Hard to say, but the facility incurs near 10% interest, half for green initiatives other for contracts etc (?)

Cash was £5m at year end, they needed around £15m for operating during the year?

So in terms of cash they must be well into the facility?

I think one last raise may set them for the forseeable few years assuming more contracts are won

All IMO though

read the going concern line in the report...its obvious

easy buy once a placing is done IMO

The only logical explanation is funding....been a while since the last raise and not sure they want to be using 10-15m a year running on a debt facility, I suspect we'll see a bit more interest once its out of the way

All IMO

Never seen such a muted reaction before, may as well not have won the contract and you’ll have a similar SP

What's crazy is a £55m MOD contract adding on barely £3m on mcap from pretty much all time lows