Member Info for NickRubens

Meant to say 'can't' find many things to invest in at the moment. Why can't we edit here?

Is probably going to set the mood, so hopefully it's a meaningful one. Last statement that the placing would lead them up to 'revenue' is quite interesting. Of course we don't know how much but still a milestone for this company. Supposed to be some claim money being pursued though I don't how much, have been away for a while since I last looked at this company.

Just hope for the best I suppose as I can find many other things to invest in at the moment and this being hi tech stuff seems worth a little flutter.

I've always been skeptical of Crypto, but when you see the FIAT currency system diluting like crazy with endless printing and government debt craziness, then Crypto might not look that mad in comparison. Both seem to be valued on confidence and acceptance rather than any underlying asset ( like gold backed). QBT entering the 'efficiency - speed' market for crypto mining, may not be pie in the sky, and of which the technology would have widespread application for all computer efficiency issues ( ie the legislation in place for reducing consumption in appliances with efficiency ratings on display ?).

Hopefully I've understood this company and what it does?

Not sure now what exactly drove the brief uptick as the market seems a little uninterested here, but must have been some kind of demand for the stock? Half year results not until 1st February 2024 so nothing known of to speculate on for a while yet.

I remember this company when it was called Vislink. I just don't know what happened to get us down here at this low mkt cap. It seemed to have the backing of some great entrepreneur in past times. Anyone know of any full year forecasts? Though I don't expect to hear from anyone for many months yet? Just trying to keep the chat alive as it's one share I followed alot when I was much 'younger'!

Looks like just a little profit taking or cutting losses perhaps as investors are desperate for any crumb in the market. It's been a terrible few years and who knows what lies ahead still?

Not specific to PMG, but many listed companies (especially AIM) though main market not exempt, have shown themselves to be more interested in talking investors money selling them endless placings (including the awful forward sold loan notes stuff), rather than make a return on the existing share capital. It's a polite description of how investors get shafted and I've had a few.

It's an interesting development and hope something comes of it and naturally at a higher level of valuation, though If they both terminate with no real offer then the market may think MMAG is a basket case and that might give fright.

I've used MMAG alot in the past and I think the phones/kiosk idea is good but will it make meaningful bottom line money? Are their any forecasts? cheers NR

Yes, another strong year ahead, and to be above expectations again.

My concern with the debt mountain is not in relation to mkt cap, but the profitability of the company and it's ability to pay off the debt. With interest rates having risen dramatically, I would say rolling over the debt and servicing it is going to take additional costs.

I don't know who owns the debt or how it's structured but there is a risk that rolling over might not be easy in itself perhaps? Has anyone taken a good look at the debt, how long it is contracted for and who owns it.

I just pop in for a trade every now and then, and feel that's risky in itself.

Long term who knows, but I would say the key is profits healthy enough to make the debt look like a smart operational move rather than a liability that takes it down.

... to send this down towards 11p?

Is it the Sp weakness of APH. I understand they own a big stake here? I presume they still do?

It seems the low SP is suggesting or fearing a further drop in NAV or maybe dividends at risk, though the company itself is buying back stock suggesting they think it's good value? Does this fund invest in a collection of other funds rather than directly in equities?

Half year results on the 29th Nov.

I bought a few today and may add if volume and buying shows some momentum. Didn't feel like it having experienced serious plunges on most of my last few purchases. Not sure if I even want to be an 'investor' anymore as I'm not sure if there has been any point these last few years. The state of the UK public finances fills me with dread and equally the debt burden of many plc's makes them more like liabilities than opportunities.

This company is one of my worst investments ever. Nice to see someone taking action but it's all too late for me. My money has gone forever here.

I thought higher rates were better for bank profitability via wider profit margins on the loans?

UK interest rates predicted to be held, though not sure on what economic figures todays decision is made as I've seen no 'inflation' figures since the last time?

Cheers Mikes02 with reference to 'money printing' solution as a more likely option before default on Sovereign debt.

It's a great point and though a destructive policy in itself, it would divert the liabilities/losses more away from those directly holding Gilts and instead transfer it the consumer via inflation and higher Interest rates.

I thought the national debt looked bad after Labour got booted out of office at around £700 billion! It's since more than tripled and QE expanded. There is a reckoning coming as the public sector and economy seems to be running on debt and paper print fumes.

"Something not right about things with this company.." Sounds like most AIM companies and main listed companies.

"Is it going bust?" Well, I suspect it will one day make money for it's owners but I equally suspect we won't be owning it on the AIM, when it does.

I'm thinking here of 'pending financial clarification' or perhaps the usual excuses to delist etc that we've seen happen to many, though placings are popular also if they can get away with them.

"Are the directors to be trusted?.....We will soon find out." 'Soon' sounds a worrying thought, but generally, no directors are to be trusted. If anyone here like myself have been trading/investing on the stock market for the last 20 years you'll know exactly what I mean.

Anyone buying here?

"Just like the majority of UK companies, they are unloved and out of favour."

I would say that many of UK companies have been living from increasing debt over the years and now rolling the debt over is in itself is a major problem for many of them, as profits (if any) have been dwindling. The debts themselves look like they will never be paid unless shareholders are called upon, which they will eventually. Placings,Open offers, Rights Issues etc etc Dilutions! Add to that defined benefits pension liabilities.

That's a great reason to be unloved on a macro level.

However in NWG's case I don't know what is in their balance sheet? Hopefully they don't have UK government debt which looks set to be on course for defaulting eventually IMO. The UK is in a shocking financial state and there is no magic to solve it. It's been irresponsibly sleepwalked into over the last 25 years. £2.5 trillion government debt (see ONS stats) and high inflation/interest rates now.

"Much more relevant for banks is potential defaulting on loans they've made"

Add to my list of concerns. Yes. This de-banking scandal is not going away either as we have a powerful man now who's going to make sure any whitewash attempts won't stand.

My concern over Natwest is, are their any legal issues festering for compensation with legal action for closing peoples bank accounts? What about business accounts as well as personal accounts?

Hope it doesn't turn into another of those PPI scandals.

On a side note, we have a country that's close to a Sovereign Debt default and has been resorting to money printing to fund exuberant government expenditures presented to us as emergencies.

The real problem is 'Great British Companies' are not great anymore. They have been ruined by ridiculous leadership and cancel culture.

This Natwest debanking scandal shows how stupid British companies are being run.