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The natural optimist in me considers that the lack of Director/PDMT buying over the last couple of weeks is a sign that they can no longer buy due to information that they now have -perhaps they have seen the June Management Accounts, are aware that G3 is about to be launched,330 Aviation contract incoming,Toyota close to issuing RFQ etc
Hopefully the dividends per share will increase as we have bought back over 10& of our shares over the first 6 months so the cost of the dividends to Plus would be lower than the comparatative ,if the Interim remains unchanged.Presumably following the forthcoming meeting the buy backs will revert to 30+ shares per day from around 10k
A trading update should be published soon & trading remains on track with market expectations & our US division is beginning to win market share .I was fortunate enough to buy shortly after the IPO at around 130p & I sold out completely at a decent profit & bought back in around 500p - so my only regret is not being greedier & buying more.We are viewed by The Market with suspicion & the worry is that some adverse news could emerge , or trading is below expectation,in which case we will be hammered-especially in these poor markets
I presume many Funds cant invest due to our micro size & their articles preclude them from investing in tiny companies.Their loss & perhaps provides an opportunity for PIs to gain an advantage-for once.Bunn has built a decent & reputable team around him with strong track records of integrity ,which, for me , lends more credibility to EEE,which many would still consider to be a minnow talking up its prospects but if we believe what has been announced so far, further drilling results are likely to confirm the position & possibly extend the potential further
Great news despite muted SP reaction.Perhaps finals will be brought forward as some Audit work is clearly complete
Some chunky sells ( if they were sells) but who may have bought & likely to more holdings RNSs in the coming days-assuming Directors/PDMRs not now "inside".
Trading update soon will hopefully be more expansive than basic ( ie not just about historic trading to 30/6) & without promising what cant be promised Paul will be able to be positive about what we are waiting for
I am with SEE20 on this -his only error has been to be occasionally over enthusiastic on timescale & while Directors continue buying & LO seem to have increased their buying scale I will also conyinue increasing my holding at these levels-ahead of expected positive newsflow which must surely start flowing soon.
Paul has made it clear that he expects a takeover within a couple of years at multiples of our current SP & , if that happens,we will all be very happy.I share the frustration of our lowly SP but view it is an another buying opportunity-in which I hope I am proven right !
Our SP would benefit from news that Paul has taken up a decent % or 100% of his 12 mill options,expiring tomorrow.He earns a very decent salary & at his age & with view a to a successful career he should have the funds in the company he is CEo of & in which he claims to have total belief.
You & Majorem make excellent points& it is unusual for a re profit tech company to have over 50% of the issued share capital accounted for ( including employees,founders & ,of course,ourselves).Once we have reached & exceeded break even we will be perceived to be investable by a much wider range of prospective investors,including IIs & it would not take too much for a re rate to occur-hopefully initially towards the targets set by Cenkos ( rather than Stifel).
Pauls option on 12mill shares which expires after tomorrow would give a strong indicator of our future prosperity ,either way & clearly it is in our interests, & the companys,for him to acquire as many as possible @ 4.41p.If he really believes what he said in the much discussed Italian presentation he would be by a share worth 70p+ for 4.41-so why would he not buy as many as he can.
I would rather win a contract with Linde for US & Europe than Northern Baltics -but there are large numbers of very expensive Fleet vehicles carrying very valuable loads which soon will need to be compliant.DMS is a great sell point to their clients in that their accident ratio is likely to be much lower than Fleet vehicles without DMS & those extra sales will more than cover the modest costs of G3 ,when launched.
All existing customers & prospective new customers will be aware of the G3 version of our Fleet product & I am sure that many of them will be asking when the launch date is expected to be so that information should be out there - perhaps Wise slipped a digit & meant Dec 2023-which would still be later than most of us expect/hope for.
Perhaps Sophie will respond to a request-stranger things have happened in the past .
Paul told us at last Octs Town Hall that we only know we have won an RFQ once the prospective client advises us of our success & we have been advised that G3 will be launched after 30/6 so shouldn't be a surprise if it is.We will only know Auto numbers for Q4 by early Aug so we (including Martin) will hope for a good Q4 but won't know until figs published.Martin obi sees weekly & monthly accounts & I assume his recent small buying indicates that we remain on track to at least meet expectations -nothing more & (hopefully) nothing less.
We will all be relieved when G3 is released & contract details announced -until when our SP continues to stagnate
SEYEs small (& undefined) win for Nordic countries is great for them but unlikely to make any difference to us as the global market is massive & we will hopefully have put ourselves in a good position to win a significant % of that part of the market which we want & our collaboration with Mobileye & others may help us win some of the rest
Many of us long termers will only exit in the event of a takeover, the beauty being that we will never know what we may have been worth-unless,like Mobileye, the acquiring company does an IPO a few years down the line.I am sure that some here would gladly accept 15p to give an honourable exit,which would give many of us a respectable profit over the period of our involvement.I have been for over 10 years,believe in our substantial potential & that we must be close to the inflection point which will result in a re rating - based on a number of major events which could happen soon.
Ever the optimist & still buying !
SEYE & ourselves are certainly suffering from lacklustre SP performance but theirs is more understandable as their recent raise is unlikely to cover them to breakeven, especially if they have low margin/loss making engineering works to be done in respect of their recently won contracts.Tech generally has suffered majorly over the last 2/3 years & pre profit companies have suffered most.Lets hope we remain on track for the launch of G£ ( any time after 1/7),we announce 1 or 2 major aviation contracts & announce some of the now long awaited Auto RFQs which Paul expects us to win.
We dont need cash but we need the wider investment community recognising our unique position within a new tech industry & our substantial potential ,thereby resulting in their buying our shares in market & forcing a re rating.