Member Info for nomlungu

'More than happy with ipo at 0.75 or less.'

But the company is already listed so they cannot do an initial public offering?

And, if I was currently invested I would not be happy if they offered new shares at a 25% discount and diluted the potential rewards. If you are expecting a discounted placing the rational approach could be to sell if you can participate in the placing.

I do not understand why a poster with an opinion of Strong Buy would be happy with losing 25% or more - it seems counterintuitive to me.

#recapitalisation?

SUN,

£17M MCAP, a small loss, a profit warning and £250K cash generated from operations. I have dropped SUN into a watch list as they could benefit from more NHS spending but am sceptical.

I own some surgical forceps but only use them for removing hooks from fish.

As said earlier, I am going to do my version of deep-dive research. From what I understand they sign multiyear contracts (5?) and have a retention ratio around 90% when contracts expire. I do not know the details of their decision engine logic or the software it is written with but I do know the difficulties I encountered implementing new logic based systems for HMRC.

When moving from one platform to another, unexpected data compatibility and network issues can be very challenging so staying with a provider who offers a stable and evolving platform has a lot of positives (as shown in their retention rates). Equally, having multiple instances of the platform being used by distributed customers allows improved bug analysis, especially when you have the power users reporting the problems encountered in their specific deployment who then provide the server reports to facilitate investigating the problems they are encountering.

langtro,

They offer billing solution for hospitals - they call it 'automated chargemaster management solution for U.S. healthcare'. The share price has been depressed because of the possibility that medicare-for-all might be introduced by a Democratic President but medicare-for-all is not a vote winner and is unlikely to be adopted whoever becomes the next US President.

As richer societies age and need more medical treatment billing complexity solutions are required... And, as they report earnings in $s and pay dividends in £s it offers a hedge against Boris's Brexit going wrong [even though the dividend yield is pitiful].

I look at companies like this as people who sell the shovels and buckets in a global gold rush - I have a point in Abcam which is a similar 'shovel and bucket' approach to cancer research.

ValJu et al,

It shows the power is in your hands if you are prepared to unite and ask reasonable questions [I smiled when I read the 'claim reasonable expenses from their wages comment']. If the BOD can offer a convincing path forward at an EGM I would expect that shareholders would support some sort of recapitalisation at this lowly price.

They need to get the message that they cannot keep asking for the right to issue shares like confetti if there is no convincing way forward. And, if they cannot offer a convincing path forward then I feel that all knowledge / assets should be given to CRUK rather than allowing members of the BOD to buy them for peanuts in a bankruptcy firesale (especially as many have invested partly to support the fight against the Evil C).

As I have posted before, the BOD should be contractually required to buy shares on the open market with a portion of their remuneration on a monthly basis - that should get around the closed period get out excuse.

Valju,

You may want to read this:

https://www.companylawclub.co.uk/calling-general-meetings#Memcall

Members may call meeting at company's expense (sec305)
If the directors do not call a meeting as properly requested under the above sections, the members who requested it (or half of them, by voting rights) may call the meeting themselves, for a date not more than three months after the date when the directors were required to call it (i.e. 21 days after the request was made - see above).
The meeting must be called in the same manner, as nearly as possible, as meetings called by the directors.
THE MEMBERS CALLING THE MEETING CAN CLAIM ANY REASONABLE EXPENSES THEY HAVE INCURRED, WHICH THE COMPANY MUST DEDUCT FROM ANY REMUNERATION THAT WOULD HAVE BEEN PAID TO THE DIRECTORS. (Under the old law, the company had a power to do this, but was not required to do so.)

'This company doesn't waste money with false promise.'

They raised £40m in July 2017. Shortly before then there were 761m shares issued and the sp was 12.5p giving a mcap of approx £95m (total £135m).

The mcap today is approximately £12m - that is 90% loss of shareholder value and the business has said it needs to be recapitalised. Surely money might have been wasted?

Any comments on Craneware? I am going to do some research over the weekend...

This Reddit page was referenced in a Bloomberg story about Coca-cola possibly launching a weed version of their sugar poison.

https://www.reddit.com/r/wallstreetbets/

ValJu,

Align Research are trying to arrange an EGM iro AAOG - maybe they will be prepared to let you know the process (I think they got burnt by VAL so may have an incentive to share the process?).

https://fas.org/sgp/crs/weapons/R45811.pdf

https://www.reactionengines.co.uk/

Your prediction is predicated on the revenue from 1300 BOPD [ignoring unknown flow depletion] at $54 but acknowledge that 14% belongs to others.

What about the extraction costs, wages, taxes, local economy contributions, future drilling commitments and the associated exploration costs.

Even if they get that much oil to flow from HH1 and HH2z I doubt that there are 'no further money worries'. Suggesting that there are no further money worries might be overly optimistic.

The OGA is unlikely to agree with your statement that 'the difference between EWT and production amounts to nothing at all'. If you have an OGA link that suggests otherwise please share it.

It is with some trepidation that I wait for the forthcoming 2020 Doomsday Clock Statement as it looks to me that my next theme will be defense / military stocks. The link to the 2019 statement is below.

https://thebulletin.org/doomsday-clock/current-time/

"Not all defense stocks are weapons-related. Not all military stocks are weapons-related. Some are aviation-focused. Others may have contracts with the US government for things like building military compounds, structures, and more.

It's important to realize another major aspect of this type of investment: not all defense companies will work exclusively for one country. So, while you may be trying to be patriotic by investing in a company that works with the US, it's important to remember that it could also be working with others.

Military and defense companies, plain and simple, work with the armed forces to create new weapons, improve defense systems, or just make their clients safer in one way or another."

Add in trade wars, tariffs, a S400 missile shield being bought by a NATO member, US elections, Brexit, N Korea etc.

Mr Arrow,

https://ibb.co/L0Rk6w3

£100 donated.

Mr Arrow,

Respect to your son's choice, I will post a cropped image of the £100 receipt in due course.

https://www.childrenwithcancer.org.uk/

Your son is the winner - what charity would you like the £50 donated to (probably on Friday)?

I have cropped a picture in the link below - I will split a £100 charity donation if the person is identified (i.e. £50 to your charity and £50 to mine; I pay £100). The offer is open until the New Year.

https://ibb.co/smHdyVC

I am not religious but some partings are worth noting whilst I listen to the end of the mid-night mass:

Elijah Cummings
Doris Day
John McCain
Sir Fazle Hasan Abed

I could go on...

I forgot to add enough references to re... I prefer Ra, especially when it is close to mid winter in the north.

Herbieridesaga,

To find discrepancies between large data sets you need to set opposing algorithms to seek confluences. It is event horizon modelling. If you keep refining the model inputs emotional intelligence is diminished to gray noise that can be rejected, remodelled and re-incorporated.

Yes, people do write that type of coding, often by adversaries. You are already in that war, whether you like it or not.