Member Info for Pokerchips

"...the scrap problems in particular have absorbed a sizeable amount of working capital and cash"... but ....."considerable success has been achieved in recent weeks in reducing scrap..."

is that an oxymoron ?

"They have given up on the Blackbird product and strategy that has been driven for the last 5 years under Ian and now reinvented themselves as ElevateIO."

What nonsense...

They have created a new product , but HAVE NOT given up on the Blackbird product....they are currently exhibiting at NAB in Las Vegas , for goodness sake after recently being at a conference in New York.

I think it is fairly common to update LinkedIn profiles , so I would not suggest doing so means one thing or another .... I would not jump to any conclusions , although it seems you already have

" Can anyone please confirm if they have actually stated anywhere that they will update on the NA sale during FY results ? "

I doubt they need to state it, as it is a near certainty anyway ...given that they announced " Strategic decision taken to prepare the North America School Bus business for disposal " within the Reporting Year (October)

The Nov 2023 fund raise had a supposed £3m of contingency money , beyond the working capital need .... plus... they said then (lol) that they saw no need to raise more funding and if so would look at other means other than Equity

Now, the confidence and trust has been shattered .....and no doubt the Chairman, who lured in the City investors has been told it is time to go ..... all the BOD bought @10p ... so... did they probably envisage having to burn that £3m or part of it, to get the problems solved

what is the cash level now ( £6.1m at Dec 31st 2023) and are they still on target to be able to invest £9m in CAPEX as guided, during this year?

I think it is important to see and understand what Google Vid is, and what it is not ...

" Google Vids is very much not an app for making beautiful movies… or even not-that-beautiful movies. It’s meant more for the sorts of things people do at work: make a pitch, update the team, explain a complicated concept "

“The ethos that we have is, if you can make a slide, you can make a video in Vids,” “No video production is required.”

" Based on what I’ve seen of Vids so far, it appears to be roughly what you’d get if you transformed Google Slides into a video app."

https://www.theverge.com/2024/4/9/24124168/google-vids-video-ai-workspace-app

" things are turning around here! "

Taking £300m off the shareholder Equity is ...some turnaround !!

🤣😂

"Jamie Dimon is running around telling folk rates will go to 8%"

you do talk rubbish mole_man99...TOTALLY misleading

Dimon said that " JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent "

Dimon said that " large amounts of government deficit spending and past stimulus "may" lead to stickier inflation and higher rates than markets expect"

He DID NOT SAY that rate will go to 8%

£300m loss of Shareholder Equity for the year ....is clearly not sustainable ..given there is only £1 billion now on the books

They have to cut the Operating Loss in 2024, still too high

Https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html

2 I don't envisage Sorrell et al selling out on the cheap."

no...he invested £40m to get it started , so he wont be keen not to get that back

"....towards the US and Japan "

well a boom in AI and a cheap YEN ...and you have the perfect reasons ....

" Hopefully, I am allowed to have an opinion rather than being shot down for having one ????????? "

Very amusing coming from you,SisterAct whose only purpose here is to shoot down other people´s opinion

" Assume XD on 6 June is for the usual 4.5c. "

yes - " the Board's intention is to maintain the final FY24 dividend in line with the prior year at 4.5c per share"

"So, what will the divi be on the next XD 21 Nov please? "

well the target ...is 4.5 Euro Cents for the whole year FY25 , so if they keep 50:50 with interim and final then it would be 2.25 Euro Cents - "The Board is targeting a dividend of 4.5c per share for FY25, with an ambition to grow it over time"

..but the actual amount will be declared after H1 Results

Well they do seem to firefight , rather than proactively manage ahead .... but scaling up is never a straight forward task

Bundred should have realised that Johnson was taking on too much and spreading himself too thin , ..and the need for that COO much earlier so that Johnson could step back and manage Operations better

Https://wise.com/ph/account/

listed on the stock market

https://www.lse.co.uk/SharePrice.html?shareprice=WISE&share=Wise-Plc

I sold my HOC during that time deciding not to get involved with getting any Aclara Canadian shares ....

" If the company were to pay a dividend, it will be in Canadian dollars and my bank doesn't accept cheques in foreign currencies so can't cash it. If I sell them, I will get $CDN for them and again, I can't get the cash. "

why cant you use a multi-currency account , wouldnt that work ?

I use WISE and have Dollars,Euro, Pounds, amongst others

The money they raised recently for Operational use did not look like enough given the problems they already had to solve, as other posters here indicated,at the time....it seemed very tight.....so it doesn't seem overly surprising they are indicating they will need more

Unacceptable to mix all these issues within 1 RNS and then not provide the full detail on the amount of cash used in the scrap problem or how much more it will be needed on going .... the vague term " a sizeable amount " is not good enough and an unacceptable treatment of shareholders

Disaster that they didn't get a COO appointed well before they did ...Easton seems to know more than the whole of the BOD combined

" London has no interest in PM stocks, well, until now. "

Of course it has.....The City makes money....and as there is no such thing as a bad market..they are happy to make money shorting ..or long playing ....they dont particularly care ... as long as they make a profit

Strong interest shorting or buying Options to knock the share price down and make profits when problems occur that warrant such moves ... they look for strong reasons to sell and make money as much as buy and make money

Bad news can always be good news to the City

" Its all about AI and flexible robots/drones now. "

yes, well there are plenty of articles out there in terms of what drones are and can be used for in warehouses.... but the fast pace picking of multi item supermarket orders isnt quite one of them...

" and the reduction of this large discount to the assets value "

If you looked at the huge book value forthe German assets and compared it to the recent German performance, you would think the assets were over valued

Have to hope they dont have to do any write downs on book values within the forthcoming end of year results

Have to see what they do with the book asset value for Spain too, and later Italy