Member Info for MrBB

Following my first post I bought 100k shares in 4 tranches for an average of about 6.8p. My sell target is £6.80 !!

I hold no Blur shares, currently, but always curious when a senior tech industry guy suddenly emerges with more than 13% of a bombed out tiny company which looked ready for the knackers yard.Explains the increasedvolume & uplift in SP over recent days.With his holding & experience he may feel he would be able to offer something positive to Blur by joining the Board.Presumably he didnt invest £300k + for a tax write off ?

If our new management have convinced our staff that our company is doing well & set to grow further this scheme could be extremely beneficial for joining employees , if they believe that their hard work & commitment will help the growth & they will benefit substantially if REDS was to become s much larger business .Our SP has slipped back following the latest results & I will be buying more if they slip back further

Sadly 'all time high' is a misrepresentation asI need 220p to break even -unless I was able to buy at about twice the all time high.The true all time high is probably nearer 500p If the cu rise can hold & strengthen there is a good chance that me & other long termers may even make a profit here- which would be very welcome !

Soon be 200p+ Mr 😩 so stop fretting.Results on 23rd should be strong as,hopefully,will be the outlook statement-in keeping with the latest trading statement . Hopefully the brokers/analysts will be proven correct .

Interesting to note that the accounts referred to were signed off 12 days before the AGM trading update (28/9) which stated that al was in line with expectations & with revenue & profitability substantially ahead of the previous year.That being the case the assumption must be that the customers decision had not materially affected between 16/9 & 28/9 &,all things constant, our revenue & profitability which therefore,presumably ,remains substantially ahead of last year . The further weakening of the £ since 28/9 may have adversely affected our business but we may also have won more new UK business from competitors who manufacture overseas. Interestingly poised & our Interims in a few weeks time will make interesting reading.I remain hopeful that our results will remain positives,gearing will have reduced further,cash generation has continued to improved & our generous dividend will become more generous.

Sorry to see you go Sid & I wish you success with all your investments.Your tenacious research will be sadly missed

JG has done a brilliant job of transforming CRU into a diverse group eliminating its dependence on media products , elimination the founding family & positioning us for growth.I feel that the company could have been more communicative generally & particularly in respect of trading updates.If the impact of this contract loss is material it should have been announced separately & if it will have a material adverse affect on our first half figures,( to 31/10) a profits warning will have to be issued, presumably within the next 2/3 weeks.It would also be interesting to know the materiality of the numbers & in which acquisition the problem arose as the vendors ( unless it was bought from the Administrator ) are likely to have known that the customer in question had been considering manufacturing in house for some time as they are likely to have discussed the options & tried to secure further discounts before going that route.I hope that Miton remain supportive as if they too are disappointed & start selling their stake our SP wouldrapidly descend to where it came from.

We can be pretty confident that the figures will be strong based on recent trading updates.Post the Brexit vote & the slump in the £ it will be interesting to see how confident the output statement is.Perhaps we will be export our expertise ?

Agree entirely about the news vacuum & there should at least be a year end trading update.Turnover,,operating profits ,cash flow & dividends should all increase this year & any further bolt on acquisitions could speed that process up.I built a reasonable stake at ave if about 12p & more recently added @ about 18p.Assuming JGs plan continues to unfold we pay a great divi & our SP should re rate at some point providing decent capital growth.This has been a slow burner for me over a few years but my compound return is very acceptable while I am not expecting multi bags.I suspect JG will plan to dispose of the company at some future point to realise the value of his asset & with view to his age

Very positive & we couldn't have expected more.JG tends to manage shareholders expectations well & if growth continues we may expect further acquisitions & increased dividends

As ever Sid, another great find & lets hope that the trading update accompanying the AGM next week continues the positive theme allowing our SP to continue its upward trend ahead of another decent bolt on acquisition,( which surely cannot be too far away ) Glad to have increased my holding by a small amount following our recent dip following results.

Gervaise Williams,Miton Group,suggested investing 25% of a £10,000 portfolio in our little company with view to its prospects & yield.Apart from the positive PR it is good to know that he would be likely to support another fundraiser when the next suitable acquisition arises

I have held for a while & believe that there is substantial potential here for excellent gains

Very solid and all seems to be heading in the right direction.Lets hope that The Market continues to see it that way,following the AGM, & that we can continue our recovery back towards 200p ,where analysts believe we should be at currently.

Interesting to know who may have sold & who has bought,more to the point.

Parts of our business performed poorly but we should not be surprised at the continued demise of media products & waste bins for local councils is very competitive & presumably any contracts won are at very low margins. Second half turnover increased to £10.5mill & as the impression given is that our 3 acquisitions are doing well I would have thought that they alone could add £5/£6mill + to our annual turnover, resulting in first half revenues this year of £13-£14 mil.JG remains optimistic for the year & I assume therefore that margins are ( currently) holding up,whatever the currency impact may be.As we are almost 4 months into the current trading year JGs confidence about the current year must be based on 1st May 16 to date & expectations for the remainder of the year.There also remains the possibility of another placing to fund more acquisitions. This has always been a slow burner for me & will continue to be so until ( hopefully) we are disposed of one day for a decent premium.Meanwhile the yield in my ISA & SIPP are worth having.

Outcome broadly as expected but turnover lower than I had expected,mainly due to another substantial reduction from media products ( which @ 900k is now almost irrelevant) & trade mouldings.JG has achieved much over a relatively short timescale & we are now a diverse group with rapidly reducing gearing & an increasing dividend. With view to our reduced gearing (which will be lower now than it was at 30/4/16) I would be surprised if further bolt on acquisitions were not made over the coming months which I would expect would be supported by our Institutional Investors.The outlook statement was positive ( with the usual cautionary perspective)& I presume turnover will substantially exceed £20mill this year & profits, cash flow & dividends should increase accordingly. I have no complaints about my investment here as I always expected it to be a slow burner & was not expecting a multibagger although I would hope that our SP will now improve & brokers forecasts expect continued growth. I also hope that we do not have to wait for almost 9 months for any future trading updates.

Interesting to note that on the RNS announcing the appointment of Bob as CEO JG was to become Non Executive Chairman,yet yesterdays RNS announcing Final due "on or about 25th Aug" was signed off by JG as Executive Chairman.Perhaps I am being pedantic & it may have been an oversight.

Sorry Sid not said !