Member Info for Monkshood

Very effective presentation - reminded me why I was always so impressed by Pippa.

That is a much improved outlook.

I just bought in again, last trade was when I sold out at 59.4p, one, of only a few, that I have called correctly over the past couple of years!

I was always impressed with Pippa when Johnson was CEO, so it looks like she has been successful in the switch to becoming CEO.

This is not going up just with RI's buying for the discount!

Beginning to look like someone knows something.

If I am going to carry on using the profits to buy more wine then I will be needing a much larger wine rack!

With their comments today around Boeing I am almost certain the ' imminent' customer had going to be Spirit so it has not been their fault this did not materialise as expected.

In practice, I think it may have done them a favour and allowed them to consolidate their operations rather than overreach and get stretched onboarding another large contract earlier this year.

Another decent contract towards the end of this year would be nice, and they should be in a position by then to facilitate the expansion from cash flow.

I prefer to wait a year, than have my holding diluted, just because they were short working capital.

Not in Gillinghams league, but I got another £10k 's worth on the strength of todays rns/presentation.

A good presentation on Investor Meets.

I queried the comment from the H1 report 'In H2 we start the transition which will continue on a phased basis into FY25 to take on the direct purchase of raw material from suppliers in the US' as to the effect on cashflow. It was good to hear that the projected figures for H2 are net of this process.

Feeling very positive about this company going forward. It has become increasing obvious just how hard it would be for others to move into the space, including the amount of work required for an OEM to move back after Vel have had the work for a few years.

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From the going concern statement – nice contrast between the results at the end of last year and this set. Hats off to the management who have negotiated their way through what was going to be the trickiest half with success.

Results released in Jan-

' has resulted in the forecasts indicating that the Group's Invoice Discounting Facility, secured against Trade Debtors, will be utilised during certain months within the going concern period'

These H1 results

'forecasts indicating that the Group's Invoice Discounting Facility, secured against Trade Debtors, will not be utilised during the going concern period'

I wonder if the most imminent customer had been Spirit Aerospace, but with this company embroiled with its take over by Boeing it may have moved the time timing back considerably.

They have been pursuing the new winery for well over two years so they should hardly need a 'strategic review' . I thought the move to AIM was a result of financial planning for the expansion. I didn't however, expect them to consider selling the company as an option!

It does make you wonder if they have had a tentative offer. Or is it a ploy to keep the share price up before they do an equity placing?

Mentioned in Seeen's fundraise at the end of May-

'As part of its recent focus on the training and skills development sector, the Group has delivered initial implementations with American Leak Detection, a subsidiary of Water Intelligence plc, which is a 6.4 per cent. shareholder in the Company. This includes a new Digital Services Marketing Agreement to educate via Key Video Moments and implement Google Business Profiles and Reviews (GBP Services) at each of 40 ALD corporate owned locations, as well as a framework for managing Pay Per Click campaigns (PPC Services), leveraging the success of its previous PPC campaigns for ALD. The initial contract for GBP Services is worth approximately US$70,000 per annum in revenues to SEEEN, although this could increase further should ALD use SEEEN for PPC Services. The Digital Services Marketing Agreement is also viewed as an opportunity to provide equivalent services to ALD's network of franchisees which operate out of a further 80 locations. In addition, the Group has also completed a 'Proof of Concept' for American Leak Detection, integrating its Key Video Moments into the Salesforce Learning Management System for faster on the job training and to deliver increased first-time fixes by technicians at job sites.'

Jumped 1.34 in a week - will we get another 'correction'?

'Judge accepts breach of council’s constitution but warehouse scheme can go ahead'

The judgement, announced on Friday (May 24), confirmed a breach of the council’s constitution, which directly impacted CPRE Kent and Natural England, which led to us being unable to speak at the crucial planning meeting where the application was approved. However, despite recognising the clear breach of the constitution, Judge Robinson concluded that it did not result in material prejudice.

I guess it's wait and see what they do about raising the £30M. They may have something to say on this at the agm.

The hectarage planted with vines in the region has increased massively in the past couple of years so I am sure there will be a plentiful supply of grapes in the longer term. I assume that they will purchase in extra grapes (as currently done) and also do contract wine making. This site could be a very significant hub for viticulture in the region.

It is now timetabled for tomorrow afternoon (shorthand writer permitting...) .

Sean, If you have not already done so, then this is worth watching -

https://www.twentyfouram.com/insights/twentyfour-back-to-basics-rmbs

and also

https://www.twentyfouram.com/insights/twentyfour-back-to-basics-clos

I would never contradict you Trosky!

I think that was a fair summary of TFIF. It is worth looking at some of Twentyfour's videos about how the investment are structured, there are several layers of financial security built into them that offer some degree of protection in the case of defaults over and above the general diversification of the individual securities within the fund.

Thanks, I guess that is from Dowgate?

I did contact Vel when they switched brokers as it is harder to access Dowgate's research notes.

I thought it looks OK. It was always going to be tight for cash in H1 but it looks like they have navigated through this which was the key thing they needed to achieve.

They should be in a much better position year end to tick the 'going concern' box without needing to raise any funds, unless another large contract lands - but then it would be from a position of strength and at a good price (I won't mention SCE...)

Detailed narrative-

https://adisham-countryside.com/news/chapel-down-winery-highland-court-farm-canterbury-judicial-review

Https://www.gov.uk/government/publications/royal-courts-of-justice-cause-list/royal-courts-of-justice-daily-cause-list

A proportion of their revenues depends upon housing starts in the US. Although these picked up in Feb they dropped back again in March. It will probably take a decrease in the interest rates before these really start to show a sustained increase so I think this is when the pace of growth will pick up.

Sept 2023-

'The sharp rise in interest rates did adversely affect revenue growth, particularly US corporate store sales as new construction slowed dramatically. However, the biggest impact was concentrated in three regions: Texas, Kentucky and to a lesser degree Florida. In these corporate locations, sales declined by approximately $1.5 million versus 2022 1H sales'

The planned site is in a recent, draft, Canterbury Council Long Term Plan for use for viticulture and associated businesses, so they are clearly committed to this use for the site.

'2.21 There is a growth in viticulture and wine tourism in the south east and the creation of a viticulture hub at Canterbury Business Park could bring together various aspects of the winemaking process, such as production, research and storage and distribution. '