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Indeed - a bit of II action going on and trading some stock. See Coltrane Asset Management - Master Fund has changed, adjusted its position, but nothing major. With the end of the FY pretty much here, I'm not expecting anything now, but the usual trading update and the numbers. The results will be heavily scrutinised and expecting a view of the plan for the next FY. For my money they should bin the Non-Exec member who also sits on the ECSC board. If you look at their position and the RNS they have released, as someone on that chat board said: Ouch.
Think everyone will be waiting for the books & results on this one. A new CEO taken over from Fraser Fisher, in the last few months, with a new CFO earlier in the year. A change in the Non Exec board, who dont really appear to add much value. Perhaps the II's are major investors want to make a change. Expecting reasonable, steady results and then see what the new FY brings.
BSA - thanks for the heads up. I didnt see this one sneak in between Xmas and New Year, but it is good to see. As you stated, worth holding and believe the stock is worth more than the current SP, is Daisy is worth over 1BN !
BSA - Heard rumours of a Daisy auction and that has been widely reported in the Tech Press as well. I expect that will drive business to other providers, maybe RCN, as Daisy do compete for N3/HSCN networks, as they were mentioned on the link you posted as well. Daisy - just general horror stories on their overall service and delivery. If the sale goes through, customer may consider other options/providers like RCN.
BSA - Thanks for the info. Hopefully no more scandals now. They probably have one of the cleanest set of book on the AIM at the moment..! Another good set of solid results is needed, as smashing targets in the wider context of Brexit, the UK, and general trading conditions will be a bit harder. Hopefully the alledged auction of Daisy next year, will drive some business as well, as customer look for better providers.
This SP is under-rated IMHO. This news article is a big deal. Healthcare is one of the biggest employers in the UK and all these people and organisations need access. Redcentric is running this network and has just connected its first customer to the next generation network, before the likes of BT, Virgin and others... Definitely MM's, the LSE or something at play, as 12x months on, the SP is not reflecting the positive steps forward. Either way very good news indeed, and im expecting more good news.
Cheap as chips at the moment if anyone has appetite. Less than half price of the IPO!
Bet you feel like a plonker now?
Its where I expected it to be; 100p or thereabouts, reflecting a better/true value of the business at the moment. If you got in and rode the wave to 500p and got out, my hat off to you to. Doubt very much this SP will do the same again!
Its where I expected it to be; 100p or thereabouts, reflecting a better/true value of the business at the moment. If you got in and rode the wave to 500p and got out, my hat off to you to. Doubt very much this SP will do the same again!
1.5m shares bought yesterday, from what I can see on the L1 information. This may change of course. The transactions were 3x in the morning and 3x afternoon, each for 250,000 shares. Perhaps the trades were split to make them easier to fulfill.. 250,000 @ 83.25 Time; 11:14, 11:47, 11:47 �208.13K each trade 250,000 @ 85.25 Time; 14:35, 14:35, 14:41 �213.13k each trade
Tricky - Appreciate your points and what you are saying..The interim report however leaves me wondering, in this age of increased cybersecurity being of utmost importance, with GDPR and Brexit (and even North Korea!), why are ECSC having trouble converting sales pipelines into sales & contracts. So much so they have stated they are having these issues in the interim report and not only this, they mention that the company has identified costs that can be reduced and/or efficiencies can be achieved, but this will still not help them completely achieve its EBITDA target for the FY. Thats the bit for me. At the end of H1, ECSC are stating they will not achieve the FY year target. Question is why? Especially when the Cybersecurity market is booming? Definitely GLA.
Soundingoff - Agreed there. Dont belive the MCAP is a true value of the business. Currently �12m for the company and the total sales were only �2-4m last year, none of which is really RMR/long term revenue. Im expecting the SP to go below 100p. Currently asking of 140p is a big ask by the Traders!
Omedone - Bet you feel like a plonker now. How is your 376p SP?
Buying in is a brave move. Look at the fundamentals of the business. Unfortunatelty for ECSC they have been victims of Share Rampers and the hype around GDPR, the NHS malware infection and general cybersecurity worries. They are probably regretting going public on the AIM. There share price has gone from over 500/550p to 100p in 6x months. Interim H1 report and the business is reporting it will miss its yearly targets, buy in at your peril. Expecting further SP drops IMHO.
Looks like these guys are still making very good progress, in front of some major organisations. https://digital.nhs.uk/health-social-care-network/suppliers The first to reach stage2 compliance.