Member Info for ragnarlothbrok

Dour pair indeed! But they were pretty bullish and confident on the second half uplift. They probably already know the result. My recollection was they would consider shareholder returns when they are more confident about maintaining their 4.5% margin. 4.5% is not much to get excited about, but given the valuation it’s cheap even by today’s low standards. The potential property sales could add £10m pre tax which is significant given the current market cap. I’m not a holder and, like most, have limited interest in the UK, but looking very closely

Awful…. Bad news, lack of clarity is striking. It’s going to sting today. I reckon back down to low 40s. Capital raising probably now required, heavily discounted of course

Wow British companies are dropping like flies, what a mess this market has become, well done holders here

Looks like everyone saw that coming. Haven’t done the maths yet but H2 falling off a cliff. Given performance changes were required. Comms some of the worst I have ever seen treating shareholders with utter disregard

More like the dovish outlook on interest rates leading investors back to dividend paying stocks. Nothing in that material not already well known. Flood of volume into housing and income stocks today

New chair didn't waste any time here, been in for less than 2 months and already booted the CEO. No thanks or any kind of message from outgoing CEO and a new CEO stepping any straight away suggests a particularly bitter dispute. Must really hurt to be booted out of the company you started. I wonder how quickly he will be disposing of his shares... Hopefully new guy will keep a tighter grip on costs and margins and have a more disciplined attitude to investment

Company is now officially dirt cheap on financials, in line with the rest of the market, starting with £20m of net cash on an £80m market cap

Already >4% (£7m) bought via buyback, looks like about 80% of shares traded since they started are due to the buyback. Possible the SP would be a lot lower if they weren't. They bought back 31m on Wednesday, 3% on one day alone, obviously facilitating exits of decent sized holdings

I'm seeing consensus EPS of 16p in 2025, so 30% reduction would be 13p, giving a P/E of 7. Keystone trades off a P/E of around 20. Ok so Keystone has a net cash position and Knights has a significant cash outflow related to acquisitions but if you compare growth, margins etc they are roughly comparable so why such a premium? If you compare to the overall market there is a whole host of decent companies around now with P/E in the 5-10 range.

I've been buying a small amount of these over the last few days. It is very cheap but so is everything!!

On the plus side 0.5x sales is a huge discount to this type of company in the US. Cant see incidence of premature births being lower given issues around climate and pollution impacting pregnancy

On the negative side profitability is questionable, it was very healthy in 2022 but 2023 and this year looks the same. Lots of non recurring items, inflation pressures and a big chunk of profit goes on interest

The prospect of entering the US is interesting. They obviously have great products but the US is notoriously difficult to penetrate and competition looks pretty fierce

https://www.gminsights.com/industry-analysis/neonatal-ventilators-market#:~:text=Based%20on%20mobility%2C%20the%20neonatal,at%20over%20USD%20222.7%20million.

Is it possible that the only buyers of these shares are the directors and when they stop it might start its downward trend

The chart is truly horrendous, well below its all time low!

There isn't much to suggest the legal market is slowing. They recently confirmed momentum for the first 5 months. Keystone came out in September and also confirmed positive outlook for this year, with a decent upgrade. The real estate exposure around 30% is a niggle but they don't seem to have flagged anything too adverse. Any other worries seem to be more than adequately covered by a very low multiple

Interesting no dividend but full steam on the buyback. 12.8m shares bought back in 3 weeks, 1% of total shares, with 5.2m on one day. Average volume on JSE for the last 10 days only 500k/day so they seem to be vacuuming up as much as possible but struggling to get the volume. Will put a floor under the price I guess

For over a year now this stock has seen recurring savage reversals followed by swift recoveries. However It does seem to be in some kind of upward channel, as much as anything in this market, maybe there will be a break out. It seems awfully cheap at 2.5x EBITDA but so does everything

Very very good results, above expectations and seems like strong momentum going into this year

That EPS increase is notable

The fact that Toscafund has exited both probably says enough about the possibility of a merger. There are definite synergies to be had but neither company is likely to be doing any acquiring, they both have pretty clear organic growth plans. The market is so fragmented as the largest players they have no excuse not to leverage their scale to gain market share. Also, the barriers to entry are so low there is nothing stopping an acquired company's owners' from starting the same business again. HSS have admitted as much

Doesn't create a very positive environment for investing. The only ones buying are us retail bottom fishers thinking that something that fell 30% is a bargain compared to the day before without always properly reading the news. I can see this getting back into the 50s as the hysteria subsides before restarting its long term decline.

Those caught with their pants down that sold this morning on the basis of that announcement obviously were praying for some kind of Hollywood miracle. Someone sold £30k at 8am for 27p this morning, thats embarrassing

This results season has been carnage, probably the worst in memory for me and I'm not young. Some brutal market reactions out there and this is no exception.

Opened a position here this morning...risky and could fall further but fundamentals are solid and the company has plenty of cash to get through this period. Tough times but Zoo should come out the other side with fewer competitors and there will be a stampede for content creation which may also help pricing

Full year EBITA expected to be between £23-30m compared to last year of £32m. Dividend is a sign of confidence.

That panic selling yesterday now seems pretty silly, particularly those desperate trades at 9.5p

I think management have done a fairly decent job even if the SP is at an all time low

In the context of the recent 33% drop in share price and the shape of the economy these results are not bad at all. They could probably hold back on some investment to support the outlook but they are looking to the other side of this mess and being prepared for the recovery. The increase in leverage is disappointing but there is a £10m payables outflow in there

2 large trades for close to £100k at 9.5p at 1600 the day before results is pretty suspicious. Is it possible they are doing a raise? Surely not given the relatively low leverage. It price behaviour seems otherwise. Hopefully not an acquisition! Ah we’ll find out in the morning.

Market cap now £70m…

I think the suspicion around MM market manipulation and insider information is overblown. Most of the MMs which trade this wont have any info they'll just be responding to demand. Possible someone has gotten wind of results, in my experience for a 7am release we only sent through after market close the day before but the nomad will have had a look by now probably.

Most likely is that there are high expectations and the company is a perennial over promiser/under deliverer so many just getting out without taking the risk on releases that are normally disappointing. Some very large sells today could just be one holder who has had a enough or taking placing profits after the run this last week. The SP is back to where it was last Monday so its not the end of the world