Member Info for MrBB

Thanks Mr O -very informative & much appreciated .One day our value will be established & I just hope it is not part of my epitath !

A valuation of $75mill ( net of cash) is peanuts to any of the types of companies who may be interested in acquiring our technology,patents,existing & future contracts ,substantial real data & a monitoring centre generating SAAS recurring revenues (of around $7mill pa & growing).
I am slowly convincing myself that I should be increasing my large holding considerably again at these levels & , assuming no RFQ news before Friday,I will buy more on any subsequent weakness in our SP-although I am also very curious as to who is soaking up all the recent sells.

2 million + shares bought back over the last 2/3 trading days suggests that The Powers That Be consider our SP to present a great opportunity.Sadly I have not followed their lead but must be a positive.

We have been told by Ken that our monitoring centre in Tucson is profitable & is likely to become more profitable the more Fleet deals are signed up .If we can achieve substantial critical mass over the next 2/3 years ( including installations at point of manufacture , rather than just retro fit)this division could yet become a substantial cash cow- so why would we sell it cheaply now when its value ,both in terms of profitability & cashflow will be substantial, apart from its potential value to a prospective acquiror.

Our funds should last long enough to establish how many RFQs we do win & what our prospective minimum revenues will be from those contracts.Meanwhile Fleet should continue expanding & consequently our annuitised monitoring income .I agree that we are very likely to need more funding before we achieve break even & profitability , but by then our market leading position will hopefully be well established & it will prove much easier to raise relatively smaller amounts & by which time debt maybe a more acceptable ( & achievable ) option,rather than ferocious dilution.
As our year end approaches lets hope that Kens revised revenue projections of "similar to the previous year " ( around A$30mill ) is achieved as any slippage is unlikely to be viewed favourably .

I bought a holding several years ago for 1p & put in straight into the bottom draw.Progress made in recent years together with a strongly firming gold price & the prospects fir substantial increases in prospective(low cost) production could result in this ugly duckling become a swan.The primary ingredient required is some 'spare ' cash,a company which has a fair chance of coming good(one day) & longevity.Kerim has been patient fir many many years & while he has been reasonably well paid for his endeavours he 100% deserves his reward in respect of our increasing SP due to his tenacity & having done a brilliant job

Decent week for Markets & unloved Vec joined the fun,for once & probably against expectations as we currently have no CEO,GSK have asked the judge to reconsider his conclusion (pending possible appeal,our formerly largest shareholder (HBM)is likely to be continuing to reduce their stake .Perhaps 'those in the know' are aware of positive news & maybe the worm is turning for Vec & a very long overdue relating may have just about begun

I presume that none of our colleagues ,living in the Brum region,attended todays conference.It should have been an interesting day in respect of assessing the interest in our products in the UK & how many ( if any) significant deals are under discussion.It would have also presented an opportunity to discuss our prospects with stakeholders from a commercial perspective .

I agree with you entirely Beefcake-but then I would as I hold a substantial number of shares ,which I am also considering increasing while our SP continues to languish at these levels.
Our long standing CEO & City connected Chairman have both resigned so while our senior management team transitions ( again ) does that make us vulnerable to a low ball bid,with view to our Market Cap of around $140mill,($50+ of which is in cash).I dont want us taken out for 6p if 30p+ is possible over the next year or two ,but there must be companies looking at our technologies who could buy us out of petty cash & save hundreds of millions of $$$ in developing high standard products & , more importantly, years to develop high quality products.
A bidding war would be our best case scenario ( as with Earthport) but we still be unlikely to achieve full prospective value.

Surprised that a trading update has not (yet ) been published to coincide with AGM.Last year , when business was booming , we were treated to updates on an almost monthly basis & it is now over 2 months since the last ( poor) update.I still expect the second quarter to show an improvement over the first but lack of news will,no doubt,encourage the shorters .

Have asked the Judge to reconsider his decision & best for anyone interested to look in on the debate on ADVFN

As expected ,solid progress with prospective growth this year of around 10% & a divi increase to 57p,giving a yield of around 4%.Longer term potential for substantial contributions from our new boiler replacement service & home insurance.Unlikely to set the world on fire but solid portfolio hold in what may prove to be turbulent times 7 ,at some point,Wigoder may seek an exit.

I am sure Nick invested £100k of his hard earned post tax income in full expectation of more than one ‘crazy wins’& it would be great to hear of at least one of them before 30/6

I presume monitoring revenue will be generated from the BDMS deal -unless that is included as part of the much higher cost per vehicle.

Great news over the last few days regarding our first ( hopefully of many) BDMS contracts & confirmation of our Fleet expansion in NZ ( hopefully followed by news of substantial Aussie contracts,which Paul must be working on ).We may even soon hear positive news in respect of Aviation & Rail.
However,the current elephant in the room is the lack of RFQ news.Ken had advised us to expect to have received responses to around 6 RFQs by 30/6 & we have only heard from 2 ( which we won) & in reality we are now less likely to hear from the other 3/4 in the next couple of weeks.My thinking is that Ken went when he did as he knew that ,following TFD, he had fallen short again in his expectations & therefore best for him to go before the confirmation of that fact in order to lessen any impact.The irony is that Ken is generally very conservative but TFD followed revenue projections which fell massively short & it may be that his RFQ projections have also fallen short.
Unfortunately investors expectations have,so far, been poorly managed & ,as we approach 30/6, I hope that our FY revenue projections ( around $30mill) are met - or exceeded.

I am long & increased recently ,circa 75p, but am disappointed that an AGM trading update was not published as the turnover to 31/5/19 is known.Interims due end July/early Aug.

We could be forgiven for hoping that we would secure a dominant position in the Aussie truck/haulage industry with view to our location & that market must be 5/6 times bigger than the Kiwi market .Hopefully Paul is close to major Aussie deals too ?

Superb find S2020 & worthy of an RNS ?

I expect the update to be announced on 18/6 as an AGM update ,as the second quarter will be almost ended & they will clear visibility regarding the first half

Either way they want to be able to buy back more shares which suggests that they currently have excess cash ( whatever that is ) with which they prefer to buy back shares at what they consider to be a low value.The trading update could be poor & they may expect an over reaction from The Market & will want to buy back in the aftermath.
I was a big fan of Plus since the IPO until I sold out earlier this year & I am now very wary & despite buying some back early last month I will be out immediately of next weeks update contains more disappointment & I currently have a 15% buffer,which I appreciate could disappear in moments.