Member Info for Pianista

Mid-price on this site is unreliable.
ATM, you can sell at 14.15p, so mid-price is 14.30p.

Quoted just now 14.45p to buy 50,000.

Emerald. All logic has gone out of the window at the moment, as the Portuguese will tell you.

As for vaccines, the latest news is that they are much less effective against the new variants.

A single case on a cruise ship, and the media will pounce.

However, I do agree with you that cruise ships are very safe - but not from meddling governments. That's where the risk lies.

The problem is, just a single coronavirus case on a single cruise ship will be the perfect excuse for the government to clamp down again. Given the way they are relentlessly battering the airlines, they'll have no hesitation in doing the same to the cruise industry.

Ok, thanks. Nothing to do with Aquis then.

Numis reiterates buy with a target price of 370p.

With Barclays at 380p, that makes 3 brokers clustered around 370p.

"All sorted now". Would you care to expand on that?

BERENBERG RAISES CHEMRING GROUP PRICE TARGET TO 365 (330) PENCE - 'BUY'

Excellent result as expected. Earnings from continuing operations - which I would guesstimate at around 0.75p per share - alone are sufficient to buttress the current SP, assuming PER of 20 (MACF is around 18). But when you add in the cash on the balance sheet of around 5p per share, this suggests a rerating to nearer 20p.

Microlise certainly have the "inside trak" - Raza must know intimately both the business and the personal qualities of the management.

The next group company down shows directors’ salaries of £650k, the highest paid being £250k. I’m surprised these figures have not been aggregated with the amounts in the top company’s accounts – this seems to be an oversight.

So it’ll be interesting to see how they present the figures in the accounts for y/e 30.6.20, which are due 30.6.21 but are yet to be filed. They don’t usually leave it this close to the deadline. These a/c's will of course include a substantial write-down of their investment in Trak, but I should think the results overall will still be good.

The share structure is quite complex - four classes of share - but Raza is certainly the controlling shareholder. So he’s not short of a bob a two, and no need to keep up with JW!

Microlise’s interest in Trak was an exciting development for us when it happened in 12/18… they must both by now, 2.5 years later, have pretty firm ideas about the next move...

The 2.8m and the 500k deals make 3.3m, which is suspiciously close to the 3.305m deal.

Looks to me like these were linked buys and sells at 35p.

A good find. Shame not considered worthy of an RNS.

The company is walking a tightrope though, because it must RNS if material, but equally it must not RNS if not material, because if not material, it may be misconstrued by the market as material just because it's been RNS'd.

So the link up is welcome news, but presumably not considered by the company to be material.

BTW, there can't be many companies whose chat posts outnumber trades by a factor of 10!

So it was a buy back, a relatively big one this time. A trading statement covering the year ended 30/4/21 is due possibly in the next few weeks – the company must be confident this will be well received.

...done at the mid-price, so could have been sell or buy. As usual, the other side of the deal is not shown, maybe it'll show up tomorrow.

Just over 1%, so there won't necessarily be an RNS, unless it's another buyback, for example, this time from a major shareholder. We'll see.

KBYK - the second para of your 13:08 post struck a chord with me, and no doubt many other, loyal (some would say deluded!) shareholders. You certainly need the patience of a saint to hold this one. However it could and should turn on a sixpence from where it is now, ie still priced to fail.

I’m not as critical of the management as some: I do think they’ve had some bad luck over the last few years. However, I fear the next instalment might be component shortages coming just when orders start to fly. Jinxed, or what?

However, we are getting to the point when, if it doesn’t achieve the long-awaited turnaround this year, it should do the decent thing and extract maximum value for its award-winning technology by seeking, or agreeing to, a merger. We’d have to say goodbye to £3+ a share, but 50p to 100p would be a lot better than where we are now.

At least Microlise appear to still believe in the company, though they can’t be happy about nursing a £0.5m loss so far on their investment…and must have their own ideas as to how to claw that back - to our collective advantage?

From The Times, 14/5/21:

"Gerald Khoo, a transport analyst at Liberum, now expects £10.1 million profit for DX this year and noted: “This is the fifth consecutive upgrade to our 2021 forecasts at the pretax profit level in the past year.”
To keep up with increased demand from old and new customers, the company is planning to open 12 new depots over the next two years".

Fancy Lombard selling a day before such a positive update! They obviously weren't aware of the update, though the market probably was, judging by yesterday's strong SP performance.

Can' t see it dropping back again like after the last update.

40p is starting to look quite a modest target for this year.

Shares have gone ex dividend today.

0.5p drop today to be expected therefore.