Any number of catalysts could push the SP of a £9mill up materially & rapidly,eg,Tx surprising many & raising their funds,301 news,news much earlier than expected in respect of 1 of our Uni collaborations,appointment of a heavyweight Non Exec ( last week I gave as eg Dame Louise Makin),an unexpected partnership to develop SDs lab concept ,an interesting new investor could appear on the register.
The World ,apart from the investing & finance World is a very uncertain place currently but we are now well funded,with interesting projects & potential & as much as our SP could stagnate in a poor market until news arrives ,our SP is likely to increase substantially on receipt of any positive news & 15-20p cannot be considered to be unattainable as we only issued an additional 20mill shares,not 200 mill.I will be looking to add more,when funds permit & hoping all remains quiet until then.
Confirmation of the Tx deal would be a reasonable spark -should it happen & now Val is fully funded some of the other projects SD has been working on may come to fruition + new shareholders of interest could appear on The Reguster .No news could see SP drift back a big meanwhile
Apart from Pauls infamous "imminent " gaff he has generally been fairly conservative ( as was KK before him).His recent interviews have been more bullish than usual but ,in fairness to him, he cannot release news of contract wins until they have been signed.
He could however issue a reassuring brief trading update confirming , hopefully, that FY22 expectations have been met ( promising a detailed update for next month ( as has happened in previous years).Lets hope expectations have been met otherwise our SP is likely to continue its course in these very uncertain & volatile markets.
Greg super confident & happy to emphasise all the positives without mentioning or apologising for the elephant in the room ,ie 90% value erosion .
If he truly believes in The Project ,what he is achieving & hopes to achieve he should ,quite simply ,invest a decent amount of his own funds in The Project which may give some confidence that STX really will survive & thrive .My view currently is that he talks a great story but is not putting his money where his mouth is .
Second quarter figures should also be released ASAP as we presume based on Greg’s confidence that growth has continued
Attracting someone of the calibre of Dame Louise Makin ( ex ceo of BTG Group) as a non exec would tick many boxes-brilliant track record,a lady,extremely well connected,would help enable Suzie to be more ruthless,could buy a stake if she buys into the plan & her addition would probable encourage a very sharp recovery in our SP
Great & well thought out debate & base on contacts already won ,which in itself is conservative on the basis that it doesnt include additional RFQs which we are expected to win,which ,when announced, will increase our prospective revenues further.
We are day 1 of FY23 & if Markets are supposed to value companies 18-24 months ahead we are now in the accounting periods zone which should see us profitable .
Much to look forward to here despite dire markets & much uncertainty
The potential outcomes according to various posters here & Advfn seem to be -
1)Strong results & no need for a raise
2)Strong results + a raise to speed up our expansion
3)Poor results & a rescue raise at 5/6p
4)Poor results & no rescue , resulting in Administrators being appointed
5)Takeover bid at 50p per share
Lots of options & I am plumping for not brilliant trading since 1/1/22 but room for optimism & a raise at lower than todays price -but I prefer option 1 !
It will be interesting to see when Fleet OEMs start issuing RFQs what % of that market we are expected to achieve & what the unit cost may be -with view to the cost the average fleet vehicle being substantially higher than the average Auto + once our DMS is installed, what % of Fleet buyers will also by our remote monitoring services on a monthly subscription basis.
PM has remained very positive in all recent interviews & RNSs so let’s hope that a FY22 trading update ,issued ASAP,will confirm that FY 22 has at least met expectations & confirm that our cash position remains strong
Results were known by 1/1/22 & it will be all about the Outlook statement ,how we have performed since 1/1/22,expectations regarding FY22 projected revenues/profits/losses & our current & expected cash position.Raising cash with our SP at current levels would only because we had no other available options & leaving results this close to the wire is a worry - especially after the dddd debacle last week.We all know that Markets hate uncertainty & no news since early March has exaggerated that uncertainty , resulting in a steady reduction in our value.
Still inclined towards optimism while accepting that may be due to my long investment here !
Interesting to know where the £5mill came from in order to repay the loan & that info may give a clue as to what happens next with Pluto
Just watched the interview & if ever a CEO looked like the cat that got the cream it was Andy & the opportunity to Angle from this division alone is $2bill-unless I misheard !
Intriguing that Cenkos ( our deposed broker) are more bullish than Stifel (our new broker) with a regularly repeated target SP of 20p (which would be a decent start) who have been remarkable by their silence.
Once FY 22 is closed it will be interesting see their forecasts for FY23 FY24 & FY25 as they will hopefully show the expectation of a substantial upturn our charts for revenue,cash flow & ,ultimately, profitability.
"It bloody works" helped the SP spike at the time but sadly G & M were unable to capitalise on the rhetoric & the rest became history.
Far from ideal that confirmation of TX deal has not been announced with only 2 weeks to go until the second long stop date, but Val still remains in a better state currently than it ever did under the previous regime which , at best produced much positive rhetoric but zero positive action ,together with expensive CLNs,constant dilution,a market cap under £1mill with the company being saved from Admin/Liquidation by Suzie & the new team.
There are too many here who try to distort history & the truth who , I suspect, have been to the Boris school of ethics,honesty & acceptance of responsibility for previous errors/untruths.