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losingless- given i have read thousands of RNS over the years ,i can tel you this is complete flannel ,given that for the last 2 years we have had kph data i.e. number of listeners, number of paying podcasters ,gross margin figs and so on does it not seem strange to you that no figures have been produced such as revenue ,number of listeners the usual kpi figures we have had for the last two years , instead we get words such as in line with management expectations ,hang on should that be in line with the broker figs , what are the management expectations exactly no mention of hitting these figs i wonder why ,no mention of break even i wonder why again words such as key focus for next year -translation - we hope to do better next year .industry response- translation - where not making any money but our mates like it !!! anticipate -translation - oh god we are losing money faster than we are making it but hopefully next year will be better
its not the worst RNS iv ever read but considering the title -trading update can anyone tell me if they have improved or if they are worst off !!! not much of trading update will no figs is it !!!
but the market and investors responded well to it surely -err no !!!
one thing i will agree with you on is the share price will move on the EOY figs unfortunately i think you are expecting an upwards movement ,the only movement will be in a downward direction !!!! hope you are right and that i am wrong as i do believe that this company can come good and start to actually make money but I'm afraid we are a long time away from this and the share price has a long way to fall before i will be investing again in this . good look losingless
morning d14mond- i see all the rampers have left the building and the investors looking at the number of trades per day ,this is going to need a miracle to get it moving again the only thing i can see is which of us is going to be right on the share price so far i am winning on the prediction mate said it would drift to under 1.2 then a placement at 1.0 and end up at 0.8 so far so good.
as for Schards comms regarding -but the CEO said we wouldn't need a further placement he has a very short memory remember two years ago promised break even no need for a placement ,well three placements later .....
this is a recovery play but only when the figures show revenue is bigger than expenditure at the moment this is not happening and the share price is reflecting this .
i don't want fellow investors to lose money but its not just this Aim company that is suffering the whole market is taking a battering even companies that are doing well are seeing their share price hammered
i am heavily invested in a company called MRS which has turned around from a10 million loss to a 4 million profit in the last 12 months ,how has the share price responded it's down 35% in the 12 months so what chance has this aim company got when its still losing money !!!
gl all shareholders you are going to need it
this is why we are all waiting to hear news of refinancing ,you have to remember this loan /dept company are a last resort company a bit like wonga its for businesses that are on there last legs , for those of you that don't know this company was literally days away from going under , massive dept and so taking the deal even at these rates was better than going bust . however the story is completely different now and we should be able to get much better terms
hence we are all waiting for this news which should in turn sent the share price ripidley upwards
losingless , your dying love for this company is truly admirable ,but a purchase of 6 grand is hardly building a position
in the grand scheme of things , yes i don't think it will hit zero, but you need to look at the hard facts , this company is losing money with no sight of turning a profit in the next two years , further funding will be required which means further dilution which means more pain for the share price , you say the downside is limited , define limited , to me limited is 10-20 downside meaning the upside is 80% this is more like 80% downside and 20% upside ,but hay don't let the figures get in the way of your undying love , they do say love is blind !!!
morning all - thought i would put my two pence in to the pot ,it has ben an interesting couple of months to say the least ,all the data coming out should of put us well into to 10p--15 pence range however we are dropping slowly to under 6p,am i concerned ,not one bit very happy to add more , the reason we have not rose as expected are threefold
firstly we had old man bachmann selling off ,followed by paul moffet however bachmann is now under 3.9 %note he started at 10.33% and paul M is now at 2.75% this actually may be less as now under 3% it doesn't have to be reported to the market i also believe backmann has stopped selling and is keeping 3% as for paul he's probably sold off either way both of these players are nearly out of the picture as the old saying goes you can only sell once.
secondly and i think this has compounded the issue is brexit ,yes i know its a aussie company but the fact that most of the investors are uk based , the market and in particular construction just look at the share price of taylor w,crest n,barretts some of these are over 40-50% down on the year , the ft 100 is over 10% down from its peak , investors are a little panicked at the moment , until brexit is over 5 moths to go !!! people are not investing as they would do normally .
finally the market doesnt forget past sins easily ,its all very well saying we are doing great and this is what the end of year figs are going to be ,but how many times and and how many companies have then brought out the final results which are totally different to what was said , so until its in black and white the market will not respond favourably so we will have to wait until xmas for this one , i personally believe they actually will be better than forecast.
i read the interview the other day , and reading between the lines , i would seem the only problem mrs has is too much work , it can't cope with the new orders - not a bad problem to have i would say ,i lot going on behind the scene's that he can't at this time inform the market - i think he was referring to expanding whether this is in the form of a buy out of another company or simply buying other shed , he also indicated they are going to have to buy more equipment well if you need more equipment you are going to need a bigger shed or a secondary site i also noted the increase in bachmann profit -it doubled !!!! last year so with the two big contracts for this year what fig this year
as i write this just seen the 39K sell and the 6.5% rise in our share price paul m finally out and the mm know this no more sellers so they have let the price go -who knows
what i do know is that in six months from now people are going to look at the share price and wounded why they didn't invest
gl all mrs lth
starrage - current assets as of 31 dec 2017 was 38.9 million not 20.9 million debt was 10.1million so hopefully some of this has reduced also total asset will of increased
the reason for his response ,is he can't defend his position , i bet his fav film is the lego movie - every thing is wonderful !!!!!
D14MOND - These people seem to think we are making this stuff up or we have a hidden agenda we have both given an opinion of what we think will happen and the reasons for it to happen
just because you don't like our opinion doesn't make it untrue.the facts are there if you wish to believe the fairy tale of the nomad and allenby then more fool you
fact one nomads are paid by the company to raise money and make the company better than it actually appear this is not a new concept nor does it apply just to our company but to all companies they make there money by raising money in placements financing ect .
fact - allenby are paid to report the company in the best light possible - you wouldn't pay someone who would trash your company would you !!
fact - allenby have got the forecast so wrong in the past why would any one believe the figure for this year
fact - in the pod cast he admits they have lost major content due to lack of funds and that they have had to spend a load of cash to get back to a position there where 6 month ago
so how can spending a load of cash equal reducing cost according to allenby one of them must be lying !!!
fact - we are losing money
fact - the share price has collapsed
you call us trolls please don't , trolls just spout crap with no data to back up there claims we have given you an argument based on facts not fiction , you are welcome to give your idea of what you think will happen based on factual information i always look at both sides of a debate feel free to rebuttal my argument
K3VMC - if you listened to the podcast , he basically said they would need to spend a lot more money to get back the lost contracts and to get back to the position they where at 6 months ago , he also said they lost the contracts because they had no money to pay the pod-casters up front hence why they jumped ship , he also said that the reputation of audio boom had been effected so allenbys rant that costs are going to be much lower is absolute bull****
that fact you believe Allenby shows your naivety , these people are paid to produce this sort of BS as for revenue being between 5.7 and 7.2 for the last four months - how ??? absolute fantasy
wouldn't suprise me if one of those things is a small acquisition , remember that company down the road folded ,nice big ready to use building !!!!
LOSINGLESS - you are basing your investment on a company that are paid by audio boom to make them look good ,and have got the forecast figures so wrong in the past that you would be better asking a blind man in a pub for a forecast evaluation -god help you !!!
as for acquisitions maybe in 5 years time after what happen that word is probably banned at head office, at the minute they are lucky if they can buy a can of pop let alone another company , based on projection of q4 what planet are you from !!!!
You couldn't be further from the truth , read my previous post , was heavily invested in this but reduced right down to a very small amount , have been very fortunate with this share on buying at very low 2p and selling at plus 3 each time
so no not in a panic and bailed have in fact done very well in trading this share over the last 2.5 years , yes you are right in the fact i do want a cheaper price as i don't think the share at present is value for money
none taken -people buy for many reasons the worst and most popular is to average down or they think nothing has changed so a 50% reduction in share price offers good value ,each to there own its all guess work and differances of opinion it what makes the mm their money ,
at the end of the day i wish all investors the best of luck as we are all here to make money
Apart from d14mond , the rest of you have either got some very special glasses of the rose colour type or are suffering from memory loss . just to recap the last two years both times we were told no placement required and that we would be in profit , also turnover would be 20 million that pounds not dollars hmmmmmm well three placements later and a twice revised target of 20 million er no sorry make that 10 million err no err make that 8 million pound err no dollars and you wonder why the share price is where it is , in my last message i did say that the company was way over valued and that i would wait till the price was at a more reasonble level in terms of value
well i think d14mond may be a little low with 0.5 but to be frank hes not far off my calculations , this will drift to 1.2p then placement at 1p and we will then see share price at 0.8p so for me this is only a value play at sub 0.8p
i wish i was going to be wrong but the numbers don't lie , its simple maths if your outgoings are bigger than your income you will need money cash !!!!
I feel your frustration Gold , having been invested in this for over 4 years , but what exatly do you want the board to rns out that they haven't already done , they stated many months ago that they would not rns every contract win ,but only the big ones , i know where you are coming from but because of past history ,as i have said many times on here this will only get moving with cold hard data and that means end of year figures
Hi Auson , i agree some of it may be down to the short position but a 50% decline is one hell of a short , plus as i have found out many of the shorts are reducing as the share price has gone down as there is little room for profit now , as for european workers i think this is not a valid point , but the fact that the minimum wage for people rising has probably had a small effect on rising costs , more likely the cost of fuel would have a direct effect on costs ,, however one thing i totally agree with you on is crest offers extreme value ,
i am approaching that age where i am looking for income and this share is screaming buy me !!! i am 20% down on my first buy but will be adding more gradually just for the income how anybody thinks this not a buy with this div needs their head examined . just to put this in context the best rate i can find For an annuity is 5% and even if this share doesn't increase in price over the next 10 years the differance in income over 10 years is over £40k if you factor in average 5% increase in share price and 3% increase div payout this figure hits over 100k
gl .
i can't understand why this share and the building market is so unloved , with a drop of 40-50% in 12 months one would expect pretty dire results , a cut in the div , poor sales loss of revenue ect , but all the data is quite the opposite , revenue is up , div is up , profit is up , sales is up booking and land purchases is up half year figure are up from last year
so whats the problem , i can only see brexit as the only reason ,or is the government going to stop first time buyers -err no , as for brexit, this affects the building market how??? - all matrials are sourced for the uk - last time i looked we still had plenty of sandy beaches ,and thus plenty of sand to make concrete ,bricks ect we have plenty of tree's for wood so what is going to cost so much more from Europe that this effects the price to collapse so much
as far as i can see there is a house shortage in the uk and this is a problem which will not be fixed any time soon
interest rates are at thier lowest for decades thus morgauges are very very cheap compared to 10-15 years ago
it would seem that all the data is pointing to a rising share price but the market seems to be ignoring all the facts
in my opinion this and many other construction companies are an absolute bargain at the moment.
a company with turnover increasing year on year , profit increasing , a div that is covered by 2 times
and a div standing at 9.46 (today)% whats not to like
ut trade at 7.56 so they had to put the price there
could be , would of been nice with out that 30k seller this morning ,but my hl accout is showing blue 2.2% last buy at 8.22 , however that 30k is not showing on my site which means its something else either a cross over or a delayed sell/buy very strange
your right albino ,in that it should start to rise but wrong on a wide spread , shares tend to move up when the spread narrows as this indicates they are short of shares and thus are tempting the sellers to sell , at the moment we have a very small spread which means they have very limited free shares , this is probably because Bachmann is out or has stopped selling ,if the selling tomorrow stops we could see a very good day , today should of been a lot better than it was but the mm still had a few to sell so the move up was muted , free market forces will soon be in force and then this will soon start to shift .