nodinero You asked "Whats the problem" There is no problems I don't think the person(s) that have bought these amounts can see any problems either: 10:03 - 14/03 Buy 2000000 24.00p �480,000.00 10:29 - 14/03 Buy 1500000 24.00p �360,000.00 When I see the name T.W mentioned i just totally ignore his comments! the man's a troll. I am also very wary when i see messages from people that have no posting history to this particular share linking this persons opinions. Have a read of the link below and then make your own decision http://financialtrolls.blogspot.co.uk/p/tom-winnifrith.html
The RNS was published at 15:53 when the market was still open.
This Week. Looking at last years records there was a Trading Statement published on the 21st February,so can we expect a similar date this Year. Just a reminder what John Watkins stated in the Outlook section of the Half Year results (RNS No.5184X - 21-11) "We anticipate a stronger second half as usual. With our strong range of substantial new contracts in place, and as a result of increased sales and marketing activity, we have visibility to support our second half expectations." "The outcome for the full year is less dependent on securing contracts from new customers than in previous years. The outcome is dependent on existing customer contracts where there is a level of uncertainty of end user demand. The Board remains confident that the market expectations will be met for the full year."
So after nearly five weeks the company decide to issue a RNS, that imo is an insult to Investors/Share holders for the following reasons: We are pleased should read we are embarrassed. L.J didn't have the decency to offer any form of apologies. It would of been the decent approach if maybe if he had added a few words after conclusion as shown below.!! "Despite the frustration of the suspension, something that was outside of our control and which we are doing everything we can to bring to a quick conclusion,AND ON BEHALF OF THE COMPANY WE CAN ONLY OFFER OUR APOLOGIES TO ALL INVESTORS & SHAREHOLDERS FOR THIS DELAY. So after over seven months from the cut off date of June 30th 2017 we as share holders are finally going to see a financial report/subsidiary accounts but before people start assuming that when KENV are in receipt and a position to sign off the auditors report that I think will be in their possession on the 25th February (as per their statement it's no later than the 26th!!)that we will see a RNS two weeks later (say 2nd week in March 2018). Then be warned don't hold your breath, note the word approximately two weeks. The way this company have operated on their financial reporting I would think we'll be lucky see have this embarrassingly delayed information more towards the end of/ last week in March 2018,which coincidentally is close to the date of the date for the publication of their Interim report for the company's results up to December 31st( see historical reporting dates).I hope the company are aware that this dates for publication of Interim report do not change. in response to a question asked earlier on by Kezzman (09:30) During my latter years of employment before retirement the company that I was employed by, Introduced then working to the accounting system of IFRS. Continued
First I will understand In the defence of KENV, the training of I.T/ Senior management/ clerical and purchasing staff was daunting to be quiet truthful and it took over twelve months of in house training and progress meetings before all the I's were dotted and T's were crossed before it was 100% implemented into the company's purchasing/ operational and financial reporting procedures. However to make sure that our monthly reporting deadlines were met to our parent company requirement ,the decision was made by the BOD to run our existing finance modules in parallel with IFRS for a further 3 months to offer confidence in meeting our deadlines. My company outsourced a consultancy to guide /train all these requirements , and were still contracted to oversee /advise our initial first three months of working to this system. Hence where L.J states in his opening line "this was out of our control" I'm assuming that they have gone down a similar route to the company that I worked for but have put their trust in this consultancy company in producing the financial report. Maybe they should have considered a back- up plan by using their existing module of reporting .in case, as proved, things tend to go wrong.
Just a note the company I worked for were not a small fish with an annual turnover of �180million that were part of a global company that had a approx..turnover of �1,300 million, As i have posted previously the RNS that will be published will only show figures up to 30th June 2017.Once again the interesting sections will be the post period and outlook information disclosed. To conclude I've been invested in this Co. since Aug 2016 and was fortunate that the bulk of my holdings were bought at the SP of 2.80p, Yes! i have de-risked/top sliced at the heady figure of 13.22p, but also bought back in, in September 2017. Yes I have no doubts that the minerals are there for mining and I welcome the number of posts with information assuring this, but is KENV the company to go forward with remain invested in. I'll wait till the interim report is published before deciding.
Echoing Goldeneggs post "Wishing you all a Merry Christmas", may i also contribute by offering my best wishes to you all in both health and wealth for 2018. I would also like to say thank you to both Mirabeau and Daramuda. To Mirabeau for sharing his excellent research that I'm sure is greatly appreciated by all on this BB. Also to Daramuda for his highly regarded explanations to questions asked, and his sharing of his knowledge by the posting of his noted opinions/comments on this BB. GLA
Although totally disgusting, and yes i agree with Zubairs "A sign of incompetence yes, but not proof of a failing company." In his defence you cannot blame LJ 100% for this failure as he's more Operational designate. It's the finance department( if they have one) that are at fault.
Surprised: A statement like that only means that you have no idea how to run a business. Over five months and failure to produce a report is not accepted in any Business.
The Sherwood forest tree hugger has gone very quiet!
We should be in receipt of the preliminary/ final results by the end of this month,hence hopefully in the next few days. What concerns me is the fact these figures will only be up to the end of June, and the MYSA(Multi Year Service Agreement) wasn't agreed/signed till the 14th July, so once again there will be no information on revenue from this contract. Once again as per my previous post, where I feel will be interesting is in "post period" section of this RNS is will the company for once publish the financial impact of this agreement by disclosing the volume (Tonnage) that has been shipped and what revenue they have received. If they fail to publish these figures in this RNS I dread to think what impact this is going to have on the SP. IMO The six month interim report is where we will find out if we've been sold down the river or not. Being a LTH and a significant amount invested I hope not!! But at this moment I feel it's like the blind leading the blind with this share.
Interest being shown, still 15 minutes to go before COP : 16:00 - 15/12 Buy 1226880 5.00p £61,344.00.
With the Final results imminent, we must remember these financial figures are up to 30th June 2017, with the Multi year supply agreement not signed two weeks later on the 14th July 2017. Where i feel will be interesting to read is both the post period and the outlook for future operations. The company has issued to operatonal updates since this MYS (18/09 &23/10) where no figures have been published. In Septembers O.U (operations update )The RNS states that a 3rd and 4th shipment are to follow in Q4. Note no mention of the word "expects or planned" this commonly used by many companies when issuing updates to cover their backs. Continuing to Octobers O.U The wording is then "with further shipments planned before years end in line with our ramp up agreement with the Customer" notice how the word "planned" is introduced. It's going to make interesting reading and after his recent podcasts lets see if LJ is a man of his word. as they say " the jury is still out" until publication of the RNS.
max19, Noticed this earlier on Today, Looked at my brokers info, although they are indicating a volume of 554,417 trades Today, their column of recent trades only adds up to 114,417 hence a difference of 440k(2no x 220k),that are not shown.Anyone with answers to this????
IMO I think we're going to experience a quiet period where there will be no significant increase in the SP, hence this being because of no news on further contract wins( i hope i'm wrong). Looking at the historical record of dates on releasing news we can expect a trading up date in March/April (at the latest) followed by the Final results in early July 2018. Echoing a recent post by Moljen, maybe I should of top sliced/de- risked my holding when the SP was at the 150p range on the 16th Nov. However as per my previous post I expected the price to reach the 170p-175p,unfortunately that did not happen. Come February 2018 it will be my 3rd year of being a holder in this share and one thing is that i feel a lot more confident in this company than i did at this date last year. Who knows though! Could Knowbodyyouknow's comment of "but there's something else happening here". Assuming he's applying to a Takeover Bid might be the other alternative for an increase in the SP. Otherwise it's just hold, wait and be patient, like my opinion
Buys are showing as sells
Notice of Interim Results The Group confirms that it will announce its Interim Results for the six months ending 30 September 2017 on Monday, 27 November 2017.
A very positive/professional response /interview from Larry J. Looking at the date of the release of Prelim results last Year (19/12/), IMO we could maybe see an operational update the latter end of this week but more than likely some day in week commencing 27th November, where hopefully they will give notice as to the date of the prelim report for the year ending 29th June 2017. In this RNS the financial figures will have to be disclosed, but lets not forget these figures are only up to the date above. However it will be of interest what is given in the Future Outlook part of the report. PS:Over four hours of trading has passed today and not a word from Richardkaz!! that must be some size cup of tea/coffee he's making. GLA