Member Info for MrUserName

We need to investigate what CMH do for that exclusive renewables company....... Be good to get involved in a company that is involved in this deal PM has sorted today:

'new investment for Dogger Bank wind farm.

The PM said a deal worth up to GBP11 billion had been struck by energy firms RWE AG and Masdar which will help fund what will be the world's biggest offshore wind project.'

Try get Mr myles to get a quick analysis on it...... He said he would read results.

I am a lurker on twitter and don't post!

Group's funding strategy is to maintain flexibility in managing its day-to-day working capital needs through the use of an invoice finance facility, and to fund acquisitions and significant capital projects through the use of longer-term funding, including bank loans, hire purchase and equity. The Group's £3.5m invoice finance facility is ongoing, as discussed in the commentary on the Consolidated Cash Flow Statement. The availability of adequate liquidity to fund operations is a significant risk to the ongoing viability of the Group. The Group reviews its ongoing headroom weekly and projects forward on a daily basis for 13 weeks and produces longer term projections that give monthly headroom for a 2 year period as part of its budgeting and quarterly reforecasting process. In addition to the invoice finance facility, the Group has the ability to raise capital from shareholders if required

Deep deep into it near the bottom however, it's basically a last resort should need be.... I'm not worried by it in the slightest!

Well we got it.

Seriously why are they waiting until the last possible minute?!

Probably still in their beds.

Unless his dream as a child was to own a factory :)

For TB to even get his money back we need to do 100%, even at that he couldn't make money as no liquidity.... Surely he wants CMH in double digits ASAP and liquid.

Someone bought them.... Anyone know what TB needed to cross the threshold that he was borderline on?!

Got to be a buy?! Otherwise would have tanked to 1p

On a side note..... Judging by the website it looks like CMH aren't in the foundry weights game anymore.

Most of the weights not available.

Hopefully this is because they are working on other projects with higher profits etc. and have ditched the stop gap stuff B2C stuff

Dunno why companies leave it to last minute!

Looks like nothing till new year for LSAI ......Sorted have a month left to post their results.

Why is this tumbleweed?

From April 2023 there was a new Managing director of castings, he used to work at CMH for ten years.

So wee bit of a link

£30m assets in play here minus obviously what ever debt so gotta be north of 0.20........ But I have the hopeful blinkers on

Bespoke, niche high cost radiators...... I'm a heating engineer and deffo a market for them - Especially with the drive towards Heat Pumps.

Pleased, significant, and progress.

Hope this flys!

Frustrating and long wait and ega down here)

However the way I see it and worth the gamble simply because :

Three British companies in one, any one could be sold off in its own right.

TB ain't gonna let his investment hit the sshhiitt.