Member Info for Monty888

Hi Amer - Another one currently under the radar is DPP (Domino Pizza Poland) that I think will fly with next results publications.

Next one of these could be THG at current pricing, worth a look - DYOR.

Well 80p - Looks like investors can see the latent value. Fair value now I think is circa 100p getting to 200p+ next 18 months. Better than anything one can get from investing cash on 18 months fixed interest rates. GLA

Doing all the right things and maximizing cash generation, with covid-19 behind them and maybe another 12 months of recession people won’t cheap out on their specs. Needs more patience but a lot of reasons to be optimistic. Very cheap at 60p that’s for sure.

Agree, it’s a 50p share. Weird it did this 90p jump for a while on no news (reverse tree shake - Smart money exiting). I would say 50p is just about its value now, back to earth.

Looking deeper, they had £5.2m cash in their June interims, they don’t share at all if they have any retained profits after tax, suspect still loss making. A very positive spin on things but a lot of smoke and mirrors - Revenue would be up as spend is up and cash is down and these figures are much the same as June interims. Sensible to wait and see if the business model is actually cash accreditive - It’s hasn’t been and it’s not now!

Completely agree, this was overly marked down from 281p when markets were normal, it’s still very profitable (cash rich), taking affirmative cost cutting action to increase margins by focusing on higher margin growth opportunities (clearly a short learning organization and well run). 3 more sets of results (18 months worth) this will be 180p to 250p I believe. Meanwhile they will returning cash in the form of solid dividends. I topped up again just now at 102p - Ave price 100p now. Very comfortable and long. Great buy opportunity for new investors from this sell off overshoot this morning I would portend.

Completely agree, this was makes down from 281p when markets were normal, still very profitable, taking affirmative cost cutting action and focusing on the higher margin opportunities. 3 more sets of results (18 months worth) this will be 180o to 250p I believe. Meanwhile they will returning cash in the form of solid dividends. I topped up again just now at 102p - Ave price 100p now. Very comfortable and long. Great buy opportunity from this sell off overshoot I would portend.

One more day to results, fingers crossed for and upwards re rating - GLA.

show all the nay sayers - should say

I think MM wants to shove where the sun don’t shine to all the nay sayers and shortest who all hit THG on the premise all the fast acquisitions mask the fact that it will never generate net profit / net cash. I personally think from the last update he is. Ow on a mission (thank heavens) to prove them wrong and as the update said loss making divisions will be sold or restructured, another $30m in savings identified and a real push to Inginuity generating a step change in revenue. I like BOD getting bigger with what looks like decent industry value adders so that takes away the other shortest charges that everything is controlled by MM without smart people to guide him / consult with. I think our FY numbers and forward statements are really critical to a 59p flatline ish SP or a jump to Circe 100p (troubled times / rising cost of borrowing) if negligible interest rates then we could see a much bigger jump in SP that say to around 100p in few months. I’m long and bullish now they are on a cut and snip regime “finally”. GLA fingers crossed for some big Ingenuity announcements and hitting BEP in the near future.

One thing a bit odd is Sutardja been buying shares like and absolute mad man (See past years Director buys). Could he be on to something per market value being way too low or is he an absolute numpty — I can’t see the SO dropping to 50p but worst case scenario rangebound for quite a long time between 80 - 90p. Thanks posters for your mature posts and data on this BB. It’s quite refreshing

Looking forward to Y/E next week and also forward trading statements. With China / Asia re-opening I think we will see a big take up in University rooms demand, property off a little bit will be very transitional before it starts to rise again simply due to shortages. I think we will see a nice uptick this week with people getting in before the jump up and then broker re ratings upwards thereafter. Won’t get to 250p again for 18 months or so but 130p to 170p shouldn’t be to much of a stretch depending on debt / cash especially in our results.

No retained profit should say

I retained profit, £17m of debt. We are in trouble and probably got more SP falls or at best will flatline for quite sometime as the interest rates continue to climb and we potentially breach our banking covenants leading to higher borrowings costs - Ouch

Thanks again Shearclass. A good data driven financial analysis. As you say it’s hard to know if the 2 new acquisitions will be really earnings enhancing and if not maybe some good will write downs. Also 3 nano where their sweet spot seems to be is not that great when looking at competitors technology road maps.

Knowbody you hit the nail on the head. Every single update has missed the promises except the one before last on revenue (revenue is vanity, high margins are sanity, retained profits are reality). We have a mute Chairman and lots of good words about cutting jobs, maybe selling a division etc, however retained profit after tax (cash generation) still not on the horizon so it’s a lot of debt to service at higher interest rates. If MM can do exactly what he said which is a massive increase in Ingenuity, more cost cutting and get rid of loss making areas we would see a drop in revenue but a massive step forward towards cash positive and that is the only thing stopping our SP from flying north of 100p. So is more noises and missed targets or will it this time be a reality. It oh so needs to become the reality ASAP. (Just maybe it might be).

This is unloved and unearthed currently but doing all the right things. Very surprised it’s not gone around 10% today per this trading update. Year end results should be positively received.

Agree with you oil, it’s not good enough and I’ll think we will have a retrace. They should have been cutting costs earlier. Not mention of estimated profit after tax estimates as usual (EBITDA is often misleading as it doesn’t include rental costs etc). We know those are high as MM is landlord on the majority. The only positives are that they recognize they need to generate net cash (real profits) and that needs more CapEx cuts and selling off or closing their loss makers (Again quite late, but better late than never). Now need to wait another 6-12 months to get to over 100p if they can deliver.

Unlikely not unlucky. Auto spell check is a pain at times as it’s not as dynamic / instant as it should be….:)