The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
This is currently moving like crossword cyber security & Manolete Partners - very promising companies with tiny free floats. I think we could see £2 quite quickly given the clear progress since IPO
Gone straight to 30 - they’ll drop it on any small sells to try and get cheap shares to sell at a profit! This is big news & the upside is massive with the year high at 196p...
So I was right that Claire was offloading, but wrong on the number of shares she had... 22m before she sold 5m yesterday, leaving her with 17m to sell. 2.05p per share is almost triple the value they were when she arrived, and if she had the positive influence on company performance that everyone thought, it’s not im****sible we could see 0.7p again over the coming year IMO. It’s sad to see a company that had made so much progress go into self destruct mode.
Would expect a good bounce back here today, dropped 16% on a net sells of 58k shares... 35% below recent highs and fundementally nothing has changed
@Clark, yep I called that one wrong - everybody makes mistakes. Apart from that is, the core/cult of long term holders on this BB, who believe every downturn in share price is the result of either; a.) market manipulation b.) a shorting attack c.) a short sighted II selling their holding Production missed target 3 times in a row, which suggests serious problems that could curtail or at least significantly delay any plan for 5000t plus per annum. That is a potential reason (and there are many more) why the share price has fallen.
This board is so entertaining, I’ve never seen such paranoid shareholders! Reporting people who state a FACT that the downtrend is accelerating, yet think the bull spouted by some posters about £2 by Christmas is accceptable? Absolute hypocracy. 35% down in 2 months, but still 300% up on this time last year, this could have a lot further to fall if negative sentiment continues - and just because this post isn’t full of positivity doesn’t mean it should be removed!
@SRob, it doesn’t matter what you post, if it’s not 100% positive then you will get hammered by this board. Personally I think you are right to wait until the downtrend has clearly finished. I also think it will take a positive RNS to turn it around, and in the meantime if new investors get cold feet it could fall a lot further. This was always a possibility given BMN rose over 400% last year, but of course I’ll be called all sorts for even having the temerity to state this!
To counter the monotonous positivity of this board, I thought I’d post the following counter opinion; The last 7 months have seen; - three production misses due in part to declining grades - wildcat strikes - multiple examples of unplanned maintenance - a dividend policy promised by the end of 2018 that still hasn’t arrived - Mokopane remain “imminent” as it seems to have been for 18 + months Bushveld had an amazing 2018, but from the last 3 updates it seems very unlikely that production will breach 3000 T per annum without additional high grade ore from either Mokopane or Brits & clearly this isn’t going to happen overnight. So anyone hoping for £2 per share by Christmas, nevermind £20 had better realign their expectations, a year of consolidation between 25p and 50p is a far more realistic and likely scenario, until the production profile becomes a lot clearer IMO
Boom, there it goes... 225p paid
Bid now 219.75 and rising, think we’ll see a breakout this afternoon to 240 or so - can only by via fill or kill at present..
Best thing here is there are only 67m shares in issue. 10p is only 6.7m Mcap!
Clearly all the bad news isn’t out Taff, stop trying to mislead again! In short; The FCA will undoubtedly fine them, the question is how much... Their margins will be impacted out to 2020, we have no idea what these new diluted margins are The 2019 losses could be similar to 18 if their forecast assumptions were based on incorrect data. Until the Jan 19 trading update sheds more light this is uninvestable IMO
Before anyone invests I would highly recommend reading the full accounts; https://www.toople.com/wp-content/uploads/2018/12/Signed_FS_2018.pdf The P&L on page 39 shows an increase in the loss before tax to £1.4m, from £1.36m the previous year. Yes revenues have increased, but so have direct costs and admin expenses... The RNS issued today is very misleading, as it focuses entirely on revenue growth despite the operating profit deteriorating. Yes scaling revenues may reduce the loss slightly, but only if it can be done without increasing admin expenses. I’ve also never read a final results RNS that didn’t state the final profit or loss figure, very much a sales pitch.
From page 72 of the prospectus; <br /><br />‘The Company’s business model will scale with user demand, and therefore the Company will be reactive to customer demand. Aside from the initial equipment required to set up the Company’s systems and cater for initial demand, the Company will only procure and install additional hardware and equipment where there is demand for it.’<br /><br />So the £7.7m cash burn from 3rd Aug fundraising to 30th Nov doesn’t include hardware associated with future user growth, but it has got Argo to 10k packages. Looking forward to the interims, until then I’ll keep an eye on this from the sidelines, barring an unlikely drop to sub 2p...
Certainly exciting! The problem is that Invesco still have 64m to sell, plus there is already a 10m overhang at 2p... Year to date they have offloaded 46m, so there is still a way to go yet. Once they’re out it’s really going to move