Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Promising....
ntercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to report further good progress.
Revenues for the six months ended 30 September 2021 totalling 拢4.9m are approximately 9% higher than last year on a constant currency basis and 2% higher on a reported basis (2020: 拢4.8m on a reported basis). This is in line with expectations and reflects orders received from both new and existing customers as previously advised in announcements on 5 July and 15 September 2021.
We are also pleased to report that continued tight cost control has resulted in a positive operating cashflow during the period with cash balances as at 30 September 2021 totalling 拢8.5m compared to 拢8.0m as at 31 March 2021.
ONT grey market price yesterday at 566-568p, This should put IPO NAV at 167p.
There is some value and growing momentum here,,,, come on,,,
!
There are some positives here.
Oxford Nanopore prices IPO to give valuation of up to $4.77 billion
positive momentum is all i can say!
still only half year. Momentum building. Back to the lab until then,,,
Looking better;;;; The Company has experienced strong order numbers from existing and new customers over the summer period. These are substantially ahead of previous summer trading periods.
Lots to like here
Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, announces interim results for the six months to 30 June 2021, reflecting a positive trading period with strong sales, profit before tax and investment
Financial Highlights
路 Revenue of 拢9.3m (H1 2020: 拢9.2m)
路 Gross profit of 拢5.1m (H1 2020: 拢4.9m)
路 Gross margin of 54.3% (H1 2020: 52.9%)
路 Group operating profit of 拢1.6m (H1 2020: 拢1.2m)
路 Profit before tax of 拢1.5m (H1 2020: 拢1.2m)
路 EPS of 2.09 pence (H1 2020: 1.62 pence)
路 Interim dividend increased to 1.15p per share (H1 2020: 1.10p)
路 Cash balance (including cash deposits) at 30 June 2021 of 拢12.4m (H1 2020: 拢10.0m)
Operational Highlights
路 Largest market sector is defence at 71% of revenue
路 Record order book achieved during the period of 拢15.9m (H1 2020: 拢13.9m)
路 Global customer base remains solid with exports generating 91% of revenue (H1 2020: 96%)
路 R&D cost during the period was 拢1.6m (H1 2020: 拢1.8m)
路 Component shortages being managed, although challenges remain across the global supply chain
Mark Cubitt, Chairman of Concurrent Technologies Plc, commented: "Even in the face of unprecedented worldwide supply chain disruption, the first half performance has been robust with sales at 2020 levels, improved margins, a strengthened balance sheet, and a record order book ensuring the pipeline of future profitability. There remains uncertainty on the timing of some shipments in Q4 2021 and into 2022, driven by component availability, which may slip revenues into 2022 but there is no evidence yet of cancellations from customers. The Board believe the changes in management structure and leadership team will leave the Company well placed to leverage its reputation in the market for future growth and improved profitability."
A leaner and more efficient business well placed for the future
I particularly liked this bit:
路 Current Group order book $22m against $11m at the same time last year.
Looking good going forward.
this is not good,,,,
Fortune Mojapelo, CEO of Bushveld Minerals Limited, commented:
"We are pleased to report a significant increase in quarterly production in Q2 2021, albeit from a low production base in Q1 2021.
and it goes on...
There is terrific quality and value in this AND momentum is rising!
arh the one line from CEO
There is no assurance that the Company's business strategy will ultimately be successful;
Isn't that true for every business?!
your comment re whats this about??....can't see what you've quoted in today's RNS.
Can you please clarify where you've taken that from?
Thanks
Looking good:
Financial and Operational Highlights:
路 Substantial improvement in EBITDA loss: 拢595,000 compared to EBITDA loss 拢1.04 million for same period last year; an improvement of 43% year on year
路 Gross profit increased by 40% to 拢470,000 (HY 2020: 拢335,000)
路 Gross margin improved by 9 percentage points to 31%
路 Group revenue was flat year on year at 拢1.5m million for the six month period (HY2020: 拢1.5 million)
路 Cash at bank was over 拢990,000 at period end
路 Substantial reduction in bad debt charge: HY21 only 拢43,000 compared to HY20: 拢309,000 and 拢1.1m for the full year 2020
路 Number of new contract wins with well-known UK business brands reported for the Group
路 Substantial reduction in fixed overheads
路 Cost synergies realised
路 Successful placing to raise gross proceeds of 拢774,000 to provide:
o further working capital to support the Company's growth;
o investment in targeted marketing initiatives;
o shortening of the Company's anticipated timeline to profitability and positive cashflow; and
o enhancement of the Company's service offerings.
Surely this is good news!
the red sell today at 8.1 p was in fact a BUY. One just can't believe anything these days!