Member Info for PeterS23

Surely the revenue should read “£2.2 million for ALL (not each) of the 16 units”?

Stockopedia have Directa’s estimated turnover at £41.2 million FOR 2026. Does anybody here know where this figure comes from? TIA

Hi Bluerill, was there any interesting takeaways from the Tom Winnifrith event that you’d like to share here please.

TIA

Cathal Friel attended and spoke at Saturdays Tom Winnifrith investors all day event on Saturday 6th and maybe he’s said a few positive things in private which the 130 or so investors have picked up on? GLA

Yes, share-pr-prophets rate it 17-19p

Iamnotbitter, TW didn’t “ **** him off” exactly. TW said anything the Company had to say should be on the record (via a video recording) rather than an “informal briefing” which shareholders don’t get to hear. The Company has thus far declined. GLA

Tom Winnifrith hosted an investor event at the weekend and Cathal Friel was a guest speaker. Tome reported that CF thinks Poolbeg has the potential to reach £2 billion valuation in a few years. CF has past history in talking up the value of his Companies, but even one tenth of a £2 billion valuation would be nice. GLA. DYOR.

Commando - ST doesn’t give a new price target in the article . GLA

RNS of 13-7-23 shows this net debt figure. GLA

This legal case is being financed by Litigation Capital Management (LIT) and their Chairman has spent £260k today on their shares. Co-incidence? Probably not IMO. GLA

I suspect the combination of high inflation and the new Tory leaderships likely policies are weighing heavily on this share.
The cuts in public spending will obviously impact infrastructure spending adversely, and thus all major construction companies order books going forward for a few years.
The high levels of inflation will hit margins over the current trading period and out into the near future, as tenders submitted and won 10 months and more ago, will have been secured with normal levels of inflation added to tender rates.
I work in the construction sector, for a sub contractor engaged by the likes of Costain to carry out subcontract works. We do not, as a rule, tender too far out into the future, and thus the main contractor most often carries the risk in any inflationary price hikes. (For example in the industry I work in, road surfacing, prices have increase circa 50% (fifty) since the beginning of the year as a result of bitumen/oil price increases following Putins invasion) I know all all main contractors are currently suffering as a result.
Historically thats always been the position, and I doubt the main contractors in general will have been successful in shifting this risk to the sub contractors, or the Client.
That said, the share price still looks relatively cheap, but the uncertainty from the two factors above, will weigh on the whole construction sector I feel. GLA

Bhuiyan

This from Paul Scott on Stockopedia.

“My opinion - I think it couldn’t be clearer that it’s almost game over for existing equity. If a fundraising isn’t possible, that suggests existing institutions have refused to pump in more cash. Therefore they’re resigned to being wiped out. Private investors can still sell in the market, which is the only logical thing to do now.

The chances of someone launching a takeover bid look low, to nil. Why would anyone take on a hugely loss-making business, with all the liabilities, when it could probably be bought from the administrator quickly & cheaply in a pre-pack? Buying all the inventories for pence in the pound instead.

It hasn’t worked, and we can pick over the history and learn lessons from it some other time, but for now, I would urge readers not to take the risk of having a flutter on the shares because they’re so cheap at 4p. They’re almost certainly worth 0p, so they’re not cheap at all”

DYOR, GLA

Jim800, regarding the proceeds of the sale; below is from the half year report, published 23/8/22
“Will transform balance sheet: the immediate use of proceeds will be to reduce the Group's net debt”

Don’t think you can infer that it’s unequivocally “all” going on debt repayment from the above. Possible of course, but unlikely I’d speculate.

GLA

Apologies, that post was meant to be posted on Eqtec

GLA

Interesting to note that Eqtec’s partner, Wood Group, is due to announce very soon an asset sale amounting to some $1.69 BILLION cash.

Then read this from the CEO Ken Gilmartin;
“we are developing an updated strategy for Wood that will draw on our core strengths, return us to growth and deliver sustainable free cash flow… we have the consulting and engineering capabilities to help the world solve the global challenges of energy security, decarbonisation and energy transition. I look forward to sharing our plans at our capital markets day in November”.

Not too much of a stretch of the imagination to think some of that $1.69 billion could be earmarked in some way to accelerate Eqtec’s technology and growth?

GLA

Interesting to note that Eqtec’s partner, Wood Group, is due to announce very soon an asset sale amounting to some $1.69 BILLION cash.

Then read this from the CEO Ken Gilmartin;
“we are developing an updated strategy for Wood that will draw on our core strengths, return us to growth and deliver sustainable free cash flow… we have the consulting and engineering capabilities to help the world solve the global challenges of energy security, decarbonisation and energy transition. I look forward to sharing our plans at our capital markets day in November”.

Not too much of a stretch of the imagination to think some of that $1.69 billion could be earmarked in some way to accelerate Eqtec’s technology and growth?

GLA

Yes it was one of our cases. See point No3 on page 1.

https://www.williamroberts.com.au/ArticleDocuments/338/Notice%20of%20Proposed%20Amendments.pdf.aspx

GLA

LCM have a 97% success rate in the cases they fund. GLA.

Agree Boono. The NHS can’t even consistently get right basic heath care so anything more sophisticated will get bogged down in its sloth like dysfunctional labyrinth.
Given its a Sunday night, I’ll post some personal experience of it.
A few years ago I went to my local GP and told him I was displaying all the symptoms of someone who was close to having a stroke (I’d read up on the internet). Told him the five symptoms I had, and he took my blood pressure , asked a few questions and said he didn’t think so but would write to the local hospital specialist.
Four days later I took myself to A&E as I was experiencing terrible back pain. The Doctor there said he agreed with my GP and that I wasn’t about to have a stroke.
Next day I had an ischemic stroke and got rushed to hospital and lay on a stretcher for 6 hours (Sunday) waiting to be seen by a doctor. The nurse told my partner that she didn’t think I’d had a stroke, but thought it might be a panic attack. Only when I started vomiting violently was I taken into a ward to be looked at.
Spent 6 days in hospital and saw the consultant just before I left who showed me my MRI scans of the ischemic stroke and talked to me about recovery etc.
Then 10 days afterwards I received a letter from the very same consultant stating that he agreed with my Doctor (who had written to him) and that I was not going to have a stroke!
You couldn’t make it up. GLA

Snootysnipes, just seen that RNS. Fully expected an Administration to follow. There’s absolutely no chance of the Administrators pulling in any more money other than a small amount which always seems to equal the amount of the Administrators fees! Hence creditors will get nothing and shareholders rank behind creditors. Fortunately I sold out in Jan 22 when I read the RNS and smelt a huge rat, given the terms and settlement figures were so inflated (I.e too large to be realistic) . Still scratching my head though as to where all those millions went that Kinovo recently pumped into DCB since January. Out the back door maybe and then recycled to those in the know. Hope you didn’t get burned too badly.