Member Info for Rhambo

This looks like the bull trade equivalent of an open goal....

Both in the rand and OML? Bounce opportunity...

Pretty much sums Greek bureaucracy up :D But good news here if it's true, current SP is miles under NAV.

It makes perfect sense. Net cash of 26m, revenue ~100m but mcap 1,600m? It's a decent company but very overvalued

EPO's cash burn is going to increase again if it has any hope of converting trade receivables into cash, hence it has told you no +ve flow this FY

Statement on cashflow by Q4 big deal.. No delivery from management. Increased revenue by 30% approx yet cash down three million? Something wrong here. Answer is trade receivables up 200%... Aggressive accounting in booking unrealised profit on the balance sheet.

Sorry I am miles behind...

Another GM requisitioned by COC to remove Allan and appoint more of its people.

I did read the results, that's where I got the fact they slashed the dividend from... You telling me that's not in there? Tosh indeed.

Well it should do... The fact it slashed its dividend despite a YoY increase in cash flow tells you all you know about what direction the management see the order book heading this year (south).

Graham you seem to be confused. If I have £1300 and say for arguments's sake AAL Paid 6% divi, it doesn't matter if I buy 100 AAL shares or buy 130 shares in 10 £1 companies also paying 6%, I still end up with 6% on my £1300, it just comes from multiple sources.

Bloody phones... "will be the price"

Expecting some info on what they are going to do about the cash situation. I suspect some discounted rights issue will be the tax which should set a bottom. Best trade is short until this is clarified.

Quite obvious here, cash outflows are increasing year on year, 11m in bank in june, py outflow was 9.8m, probably higher this year so the is looking at running out of cash in the next 1-3 months or so. Appointed joint broker, spamming RNS Reach ramp tastic announcements = placing imminent (heavily discounted)

Pretty muted reaction considering.... I guess that shows how full the valuation already was

Well results pretty much panned out as I had guessed including the mention of a dividend. Outstanding, certainly expecting a rise this morning, which could be substantial.

Well am expecting good. Favourable FX, rising commodity prices... I expect further reduction in net debt and maybe a sniff of a dividend?

Bottom will probable on 2 March when they give more info on what they are doing about their balance sheet

Borrowable on IG too

Yep, sell.