Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Morning All,
Anyone here using II for buying / selling shares? The website has been updated over the weekend and the previously easy to navigate buy / sell quotes page has been "modernised" so its no longer a model of clarity, but is a complete mess. Looks like it was written by an IT programmer who never bought or sold a share in their lives. I've dropped II a complaint this morning. Maybe I'm a dinosaur, if other are happy with new layout, then feel free to disagree!
Rich
Yeah wouldn't it be lovely if MM announced a MBO at say £2.50 with the Qatari fund.
Love to be a fly on the wall in Marshall Wace's office when RNS dropped.
If I was MM, I'd drop it at around 1625 on Friday afternoon, so these disaster capitalists had a butt clenching weekend, whilst we all party and have a few beers!
Assume drop is due to share buyback completed 14th Dec - so shorters will get teeth into this share before FY results due in a months time. Great opportunity to buy more for dividend and hopefully more share buybacks to be announced in 2023..
moniman - there's a major problem with Interactive Investor trading platform this morning. You can't get a firm buy or sell price for any shares AIM, FTSE250 etc. This is probably why there is a muted response and low volume to POLB great RNS.
Anyone know what's happening here?
4 x 2.2 million plus 1 x 2.0m share blocks traded this morning at 87p
On level 2, ask is showing 88p, bid 87p, but of course they are both a buy and sell at 87p.
Funds dumping / acquiring but for what reason???
Great buy from the CEO - 101,500 shares at average 95.15p.
Hopefully tomorrow's investor presentation will also be as positive.
Friday 2nd Dec at 1230
I'm a holder here - agree it continues to perform and acquire quality and profitable businesses for further growth.
The weird thing is the muted reaction to the RNSs. For some reason this company is completely off the radar for most investors and daily volumes are small. Price seems to be controlled by a few algo buys / sells each day for some reason.
Clearly needs wider media coverage and some broker upgrades.
Disappointing results, however, there are some positive in there and its clear they are building for the future.
I like the increase in sales headcount and also the link up with the N American distributor of SecurEnvoy.
A number of the costs are temporary blips like FX and the cloud hosting costs which will return to normal in H2.
Very strong H2 last year and bigger contract wins give me belief that they can do the same again in H2 this year.
A bit like watching England football, poor first half and they make life hard for themselves but have real potential to turn things round in second half.
Cheap at 92p. I continue to hold
Great to see ST pushing HVO - however clearly every time share moves above 10p, there are sellers offloading.
Fresh money today and big volumes should see the sellers have an opportunity to exit HVIVO (although goodness knows why they want such a pittance for their shares??)
As others have mentioned, now that it's on Simon T's radar, he will keep referring to it every few months and keep pushing for his target price which is great news for us holders!
Quick recap and summary on Shearwater - cyber security and software company
FY results to 31/3/22:
+ Revenue (organic) up 13% to group record of £35.9m
+ Adj. EBITDA up 19% to £4.4m
+ Margin maintained at 12%
+ Adj. profit before tax up 24% to £3.0m
+ No debt
+ Cash £5.6m
For this year:
RNS 13/4/22 - Brookcourt (part of SWG) announced a new contract win with a telecommunications company worth potentially £21.0m. Made up of initial 3 year deal worth £12.9m with option to extend for another 2 years for extra £8.0m,.
On this news the share price rose 30% to 145p
SWG (with only 23.8m shares in circulation) is currently valued at 100p/share or £23.8m, with cash at end of March of £5.6m and 0 debt). To me this is a p/e of around 6.0x which is ludicrously low for a growing business in cyber security.
Buying opportunity for the smart investor
Market down hard again on US Fed interest rate rise expectations - probably will be 0.75% as expected, but labour market still running "hot", so could be a full 1%....
IGR price down hard despite solid H1 results only a week or so ago.
Opportunity to buy more and hold for recovery. Hopefully. LOL
Adding this morning at £1.67 / £1.69. Daft drop considering these were pushing £2.20 not long ago.
Nothing changed, just private investors selling a few and market makers dropping bid down hard to generate volume.
Can't see how RFX can do anything but well in deep recession to come...
Love a 25% discount!
Scancell was also covered in the Times "market watch" yesterday after the market closed. It's behind a paywall but says the following:
Scancell in brreakthrough deal
Scacnell Holdings shares rose to their highest level in more than 4 months after the drugs maker bagged a licensing agreement with Genmab, the Danish biotech giant.
Genmark now has exclusive rights to develop and commericalize Scancell's investigational anti-glycan monoclonal antibody in multiple products..
Under the terms of the deal, Scancell will receive an undisclosed, up front payment and will be eligible for milestone payments up to $208m for each product that is developed etc
Well there's 8 different market makers offering 16.5p bid on level 2 - looks like this is the platform from which the share price will take off, when this gets wider news coverage. Hopefully the MSM will pick up later, although obviously Rishi Sunak news is getting wall to wall coverage right now.
Feel a bit sorry for the traders who've thrown their shares away this morning, clearly this will break 20p with any decent coverage and hopefully more good news shortly.