Member Info for oogleflugal

This feels to Everett inch the Black and Dekker end of the scientific diagnostic equipment manufacturers. If they can’t turn a profit after all these cash injections they possibly never will. As for Thompson, all these journalists think theyRe clever pallying up with directors, but they are simply taken advantage of because they are great at snaring the unwary for them

O dear one of the pilots has a cold better knock 60 million off the market cap. Could drive you to drink if you don’t just ignore. Ok the ceo retiring is exceptional, look how long it’s taken Louis Walsh to retire. Has he actually retired?

My original stake was at 19p!

On Premier Miton. They had Cnc in an income fund and as the dividend had been suspended for an unspecified time and would have been contributing a substantial income to their fund obviously felt they had to be replaced. Most of their stock would have been acquired below even todays price so they have lost possibly 4 percent plus dividend payout now well below interest rates.

Date back to 2016 not 2026!

Thanks Dartron. Yes I post as ear. Simon Gordon seems pretty on the ball with it. Stockopedia have total employers list as 106. I do wonder how accurate some of their info is. I certainly would not pay for it. There was a presentation by Miles and the new CFO. The important point they try and get across is the transformation from 80 percent end of ‘life product’ ( old discontinued) to 80 percent new products sales. They have broken order book records for about 4 years running with current year beating last year by 25 percent. The chip shortage has been well documented across the industry and hit them hard last year which is why revenue dropped 10 percent and why they could not complete orders. The cash burn you refer to is partly investment in new staff and offices in Thame (?) mostly it was investing in forward order of components to try and mitigate shortages. The accounting errors date back to 2026 to 2021 when Miles took over. This coincided with a period when they closed a factory in India.one of the pressures on the sp as I pointed out on adfvn is the winding down of a 20 per cent holding of Premier Miton. Once they are out I expect it to stabilise. I think they are now under the 5 percent notifiable interest. With the founder dying a couple of treats ago I would say the team has drawn the line under a rather old fashioned tech business and have remodelled and replenished in quite a short space of time. Yes this Miles first Plc headship but he is a remarkable man coming from a 250 defence company and bringing some of his team ( the new CFO) with him. Lord Lee has been a long term holder and is or was a defender advisor to the government. Miles and the CFO explain very clearly the problems and issues they inherited, which are more about dotting the Is and Ts and appear not to have impacted much on previous recorded profits.they have a clear path for a return to growth including the possibility to be acquisitive. Some of this is yet to be proven but with order book of well over 30 million I tend to believe they are on the right track after difficult period of transition not helped by component shortage which they claim has vastly improved as recently as this month

As for earnings decline by 9.5 per year for 5 years is complete and utter BS . You can even see that is not true in fundamentals on this site. Check your facts!

15p would be a valuation of 11 million with 10 million cash in the bank. Sheer genius . They are the look out for acquisitions. Perhaps that upset the market. Don’t want them adding value to the business as well as record orders

All uk British trusts are underperforming the Japanese markets. So much for managed funds. Glad I got out when I did

Extraordinary mild but not unexpected reaction to todays news. I think the takeover was almost a formality but the speed of growth is something else without the additional business in Europe which is likely to be the same or more eventually. The pe was only around 16 which is lowish anyway for this kind of stock

Results as per. Half market cap in cash, after acquisition and return of 3.7 million to shareholders so business valued at £10 million.! Complete joke. No wonder Pexa are keen . I guess they will if they can takeover, be mad not to.

The whole of last years revenue exceeded in first six months of this years trading. Not many companies can say that. Incredible and Europe here we come!

Great typo! Good ole google changes it from STONKING results!

Stinking results and completion of Oonex. Can’t ask for more than that. Don’t suppose the market will react that much. It was fairly obvious. Who knows in this climate. Be interested to see Paul Hill’s reaction since he has been the main championer of Eqls. Good luck all

Yes basically more room to fall it seems. Really pointless exercise. Still it exceeded the brokers target of 20p with a liitle manipulation. Not quite so many to the pound

The results are in fact slightly better than the update forecast. What is disappointing is the previous FCO inability or changes in accounting procedure. The bi one is of course supply disruption which they tried to off set by spending cash reserves on stock. Also they have invested in staff and upgrading technology. All in allI think Miles has done everything possible to not only prevent the company from dwindling away into a has been but geared it up to being a leader in this field in the not too far off, certainly by next will be a very different proposition.

Recorder order intake which improved by 25% from 25 million to 31 million. Funny how these accounting issues seem to arise when companies are going through a difficult patch. Decks cleared with good visability

That’s a good one to have out the way and right on the bell! Looks like Miles really did get here in the nick of time. Turning it from a quaint old company into a modern state of the art one please!

You might get lucky but dont forget the ex div date is august 17th with more to come, or we could get taken out before that happens. As Chris Mills pointed out this is producing so much cash now even without the home test kit, he considers this is ‘a razor blade stock’, with repeat orders which will compound all the time.if we see it in the 40s again its probably time to shut up shop.

Queensland have a lot invested in Nuvec as well in terms of study and time. Must be in their interest too that this leads somewhere. Painfully long time in development but many companies investing a lot more heavily in this area than N4p without the benefit of university research partnership. Have to make the Punto last another year Nige.