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Even a reasonable update should see us trading in the 50s+ so a good update supported by Directors buying in / some bullish comments about the future should see the shares go even further.
I am very hopeful that tomorrow will be a good day. Given current predatory interest, SMS needs to pull one out of the hat tomorrow - I am sure he knows this..........
Across the pond there has been a mass revaluation of companies involved in the AI 'revolution'. It has not happened yet over here.
SMS has been vocal regarding AI and SFOR is clearly moving into a more 'AI-ish' way of trading, this must be reflected in a boosted valuation as it begins to dawn on the market as well.
You really wonder what the market actually think or know about SFOR at the current price level. In fact, I would say that at 43p the market does not understand SFOR at all.
Hopefully things will get repriced and better understood on Wednesday.
1msn is right - it was 420p. And now SFOR is buying back those shares previously issued to fund those new buys at 420p+ at under 40p / around 40p making each acquisition cost one tenth of its initial cost. Now that's what I call a deal!
At some stage the market will cotton onto this, but it must be major good news for us shareholders in the meantime, and a fairly massive bounce in the shares is now due.
Frankly, the current share price is just a gift, but as mentioned before, what a shame that the results are not being issued after the start of the new tax year so we can all load up our ISAs at these levels!!!
Why any of the city institutions think 42p is a reasonable price for SFOR is beyond me. Equally, using share buy backs to buy back the extra shares issued in recent years to fund expansion of the company when the shares were over £4 a share seems an open goal at the moment.
It's all so obvious you just wonder about the quality of the so called 'analysts' out there who clearly can't see a bargain when it is bashing them in the face.
This share needs to be revalued urgently given current predatory interest.
Seems an obvious answer to me, but sellers keep on coming through.
With all the speculation these shares should be moving up swiftly this week, and there seems little point selling tomorrow morning for example at 42p when the shares may well go through the 50p barrier [and stay above there] very soon this week. Like others, I agree - a decent statement on Wednesday could see us rise to the 50's / 60's levels shortly thereafter and then be repriced further upwards. Just look at DARK for a recent great example of how the market reacts.
It's our turn this week.
Obviously we all want the share price to rattle up.
Obviously many will sell when the price rises and profit taking is inevitable here, as in any other stock.
Nevertheless, the shares are now in play, and offers are clearly being prepared and discussed. That, combined with SMS's age meaning he is probably looking to exit, if possible, at a decent price, means the odds are likely to be heavily on the side of a deal being struck, sooner than later.
The Wall Street Journal article is sure to excite many US investors, so am expecting a further rally around 2pm when the US market opens. More to the point, am expecting further press comment including something or two from SFOR themselves who are noticeably silent this morning.
The shares were trading too low before, now they are likely to be repriced upwards over the next few weeks, aided hopefully by a bullish statement next week.
Who knows - the next update might be SFOR's last one as an independent company...........
I'm not selling - the writing is starting to appear on the wall now on this one, a bid of some sort is forthcoming.......
Cannot believe we continue to trade at these all time low levels. The results are on Wednesday next week, SMS needs to pull a royal rabbit out of the box on this one!
Something needs to turn round this malaise, a feel good feeling needs to be brought in.
On a basic level, SMS needs to show us why it is still worth investing in SFOR as clearly many have given up.
I would say then the odds on a strong statement next week are moving heavily towards such a statement being issued.....
The shares are valued so low here it would seem the market think SFOR won't make it. Yet SFOR are buying back their shares, and another buyback is now likely. I suspect these shares are really materially undervalued now, and if the oncoming results are even half good we should see a decent rally. If there's a decent buy back also confirmed, and perhaps a Director or two buying in as well, then the price could sharply move. The current share price does no-one any favours, and it surely is sending the wrong signals out about SFOR to the wider world?
Something has got to change here, and it needs to happen pronto.
I am now stocking up on these heavily.
2022:
Interest charge on debt: £56m
Depreciation: £94m
Amortisation: £109m
Oncoming 2023 results due soon. I estimate we will see the following:
Interest charge on debt: £40m reflecting lower interest rates last year and payback of part of the debt
Depreciation: £75m - reflecting changed values based upon changing property market and no / much lowered surplus inventory
Amortisation: £90m - reflecting lower organisational costs following lowered staff numbers
I suspect the company is a lot closer to being profitable at a pre-tax level than many commentators believe.