Member Info for Paradisewanted

I think last trading statement said 21st September?

Delayed orders- isn’t the overly excessive drop in share price more than reflected in share price?

I would have thought under current circumstances fair value must be between 30 - 40 pence.

Director buys will help. Can’t understand why they are not buying at this low low price.

Most definitely buying opportunity. This is a great emerging company whose revenues are destined to go higher and higher. It’s reassuring to know the Chief Executive is very transparent and credibly informed its investors immediately about the three companies delaying their orders.

However in spite of this delay eating into profits, Graham Curren, Chief Executive Officer of Sondrel, commented:

"Whilst it is disappointing that the scheduled production dates for three of our upcoming ASIC projects have moved out, the increased aggregate production volumes for live ASIC projects are clearly positive for Sondrel and we are confident about our revenue and profitability in 2024 and beyond.

"Our increasing traction in the important US market, strong sales pipeline and positive ongoing relationships with our existing ASIC customers provides us with great confidence in our medium-term target to grow revenues to over £100m and we will ensure that we keep updating shareholders as we make progress towards this goal."

Thanks

Where are people getting date for results? Next date on financial calendar is 25 Oct 2023:

3Q23 Production Report.

Investing.com website states next earnings update is tomorrow 14th July- is this correct?

Has anybody checked if any bid has come through? Or heard any rumours of a bid over the weekend or today. We are witnessing huge rise today - can’t help thinking maybe somebody knows something hence this rise.

Next earnings update is on 02-08-2023

Shorts now down to 2.81%

https://www.lse.co.uk/ShareShortPositions.html?shareprice=ASC&share=ASOS

Https://www.lse.co.uk/ShareShortPositions.html?shareprice=ASC&share=ASOS

When is results day?

Healthy liquidity; cash balance of £1.3bn, following June equity raise.

If this huge cash balance is not solid enough then how much cash balance does a company need to be financially strong enough to ride through at least for another 2-3 years?

Ocado’s own projections state they have enough cash to last them another 4-6 years without any further fund raise. They expect to be profit making well before 4-6 years.

This company has got more than enough cash to ride through this rough patch. It had fund raising last year. No doubt there are enough people here to beat share price down so they can buy dirt cheap to profit because they know this is a safe investment and share price reacts quickly and will more than double from its current price. I am a holding on to this.

“Our strong balance sheet gives us the means to finance our growth through the mid-term (4-6 years) by which time we expect Ocado Group to be cash flow positive with the cash flows from existing CFCs sufficient to finance future investments. Over the last twelve months we have continued to deepen our relationships with our partners, and have learnt a lot about how to help them make the most of our world-leading technology. We are confident that we will see the benefits of these learnings in the next few years as we progress our mission to change the way the world shops, for good".

Here’s the report

All your three points are correct. The fourth I suggest is shorters have started to reduce but have not yet declared their reduction.

https://www.energyvoice.com/oilandgas/north-sea/475297/over-200-petrofac-workers-to-receive-18k-pay-increase-after-accepting-offer/

https://www.oilandgasmiddleeast.com/exploration-production/petrofac-to-secure-68-billion-projects-in-2023

https://thejudge13.com/2022/11/23/alonso-shocked-by-aston-martins-car/

https://www.lse.co.uk/rns/AML/holdings-in-company-nkgye9hqgundc1m.html