Member Info for MrBB

Although I would gladly accept Hardmans revised valuation of a mere 252p based on their latest report ,announced by RNS 15 mins ago-clearly not helping our SP.

Flight by some PIs to liquidity in these uncertain times & some PIs have 20 bags over 2 years so who can blame them for banking some profits.

IMHO 2 possibilities ahead of tomorrows presentation-
1)An RNS tomorrow giving actual subscription & revenue numbers for Jan & Feb,showing an escalating trend & with Greg remaining extremely bullish & confirming that a fundraise wont be required near term
2)The above without the last bit & confirming a raise at 20p ( or less) which our SP action has suggested & that ,maybe, those in the know have been selling above the raise price knowing they can buy back later.
As I am long I obviously prefer option 1 but if option to is presented as the last raise ahead of profitability,2 would end the financing uncertainty & our SP to recover, once those in the know have completed their dirty business.

AS being accepted onto the Board of this new fund suggests that some consider, following their due diligence,that his experience & opinions are valid & will be helpful for the fund.The additionsal potential advantages to Tern ( apart from the endorsement of Als credibility)are twofold-
1)Should any of our investee companies need more capital,Al is in prime position to pitch to the fund
2)AS in unique position to assess the potential of prospective future investee companies to build our portfolio further towards the 10 investments originally targetted

Great to hear Paul being super bullish & it will be interesting to see whether ant RNSs arise out of his first "roadshow" for 2.5 years.Presumably he is in Europe & ciuld well return to Canberra via Japan/China.
Additionally Interims due in around 4 weeks , complete with Outlook Statement.
Massive economic & geo political uncertainty around the globe currently & as insecure as many of us no doubt feel I will certainly not selling any of my holding here & should Markets get the better of us I will be buying more-which I suspect will be the case with many of us.
Good luck to all !

Should be interesting &.hopefully, positive.

Perhaps his excitement will result in his purchase of a couple million shares -easy profits for him & he should know

Where are Stifel ?

The Market is clearly underwhelmed by the update,possibly compounded by a persistent seller,which, if it is Hermes ,lets hope they have a target for selling which will soon be reached.
I was hoping for more from Auto in respect of increased installations, which only slightly exceeded the FY21 figure ,despite covering 6 months.Fleet was reasonable at +5k & I suspect that will ramp up substantially in the second half to justify Pauls claim that we are on track to meet expectations, ie $33.9mill in H2,ie an increase of over 50% from H1-& he has the benefit of almost 2 months trading in H2 on which to base his optimism.I am also looking forward to news of contracts directly (or via QC)with Fleet OEMs.
The inclusion in Ambrellas retail plug in option,resulting in volume sales would create an additional income stream & while this expected to be launched in Sept, presumably they will start manufacture earlier.
Baby steps in Aviation but perhaps Pauls vision of an imminent deal will materialise over the coming months, as the industry normalises.
Our very clever techies are no doubt working hard to incorporate the features required by OEMs & hopefully we will be maintaining our technological lead over SEYE & others.
Interims due on 30/3/22 by which time PM will hopefully be able to reiterate that we are on target & , as ever, there remains the possibility of more positive news by then.
Remaining optimistic in the face of adversity.

I agree SB & TK -my point being that if any trade buyer is interested in acquiring they are unlikely to be the only game in town (as with Boom) & potentially interested parties may be tempted to build positions at these levels & in the event of such news our SP would increase strongly .
I am trying to be optimistic in the face of losses ,volatility & the Market being dubious about small companies with low revenue &no profitability (yet ).
A positive Q1 showing escalating take up & revenues will certainly see us bounce but we don’t know yet from what level

Those who were interested in taking a US license a year or so ago may have withdrawn due to what they considered to be unreasonable demands of our Board but they could now buy the whole company ,complete with cash ,US sales team & all IP for a fraction the prospective cost 12 months or so ago & with no royalties or milestones to pay -so why would they ,or others ,not be tempted back in to take advantage of weak markets & ,I suspect ,weak holders .Anything North if 57p would give Gregg an honourable (& profitable exit).No one knows how low we could go but it could all change very quickly

Exactly Sam

If Vifor consider us to be competition ,especially in the US ,surely they would try to acquire us cheaply ,either to reduce competition for their lead products or to sell it to their customers & generate a substantial margin as existing suppliers & virtually control the whole market

Could we buy a 500p note for 80p?

I agree Top Katz & I bought a few more at 28p yesterday but ,in reflection,suspect I will be able to buy cheaper ahead of more news re continuing & growing momentum.Directors &IIs & trade buyers buying in volume would ,of course change that -but ,in any event ,I have enough for now

Would have been interesting to know the figures between 1/1/22 & now .Encouraging statement & let’s hope Q1 shows continuing momentum building

Let's hope that from a low base our revenue is increasing on a daily basis & Greg is likely to wait as long as possible in order to be able to extrapolate future revenues .Positive news & the expectation of decent revenues sees our SP much higher.Should bad news prevail the opposite is likely -Greg seems to have laid the foundations firmly for success-so we will have to wait a few weeks longer & no doubt some amongst us will take the opportunity to buy more at these levels .
High risk = high return !

He didn't discount larger acquisitions although the emphasis appeared to be on bolt ons.The new strategy is evolving following a review by McKinsie a couple of years ago & ourBoard are well aware that we are underrated compared to our peers.2020 revenues & profits were exceptional due to extreme volatility due to global lockdowns so 21 was expected to be lower.22has started well & hopefully our US acquisitions will continue to gain traction ,we will continue growing organically in all existing & new Markets &with a dividend yield over 6% & continued buy backs I am happy for my stake to be growing without the need for further investment .Good to see a decent Director buy yesterday too.
If we can continue reporting steady progress & the success of our diversification strategies the Market may ,at some point ,afford us a more generous rating

Lets hope it is a small portfolio adjustment , rather than the beginning of a larger reduction.I presume that PM communicates directly with our large shareholders but appreciate that some may wonder why a H!22 trading update cant be released until 23/2 when the outcome would have been known in the first week of Jan

I was quite happy with the Results at 07.15 & reduced revenue & profitability was expected following an exceptional FY21.The increased buy back kicks in tomorrow ,yield over 6%,cash currently over $750mill ( including profits 1/1/22 to date),volatility in recent weeks suggests a decent start to FY22,looking to expand into new markets -so I am surprised to see such a large pull back this morning