The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Pyebridge is 9MW generating 1.2m gross profit. Other sites in development another 16.5MW. That's 3m gross profit being generated per year within 1 to 2 years with further projects likely. Mcap 1.4m! Get on board now!
Unbelievably bad financial management. They could of easily had a fundraise last April when the share price reached 63. But no, they repeatedly stated they had enough funds. Shockingly bad. And shareholders end up paying for it.
I like this bit
“Jochen, Christian and I have spent a collective 90 years in this industry, and in the last few years have looked at hundreds of different technologies to invest in and commit to across the globe – DGI’s technology was the standout.”
Crazy to leave a fundraise so late - down to £0.4m at end of September! Virtually out of money unless this £1.5m is paid or part of it this month so likely to get ripped off on funding. Poor financial management. I guess that is the reason for CFO going. Big drop on restoration unsurprisingly.