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For those who have followed this for some time you will know the bad news has been out there for months - The good news is the Corporate division is doing well and they are stabilising the Enterprise division. I fully expect the Final figures to be poor and maybe 'kitchen sink' all the rubbish if there is any left - 2018/9 should be the first year of turnaround - I expect the second year of turnaround to be when the share price is north of £1 so in my view all good for long term value hunters !!
I could not nor would I disagree with a single word. My point which I probably haven't made particularly well is that poorly run stocks should in a Capitalist market be swallowed up and ripped apart to create value for the acquisitor - there is plenty of value at 3p - When I saw massive volume yesterday on Hibiscus I did wonder whether Tang had developed a valuation creation brain by selling the stake and giving 8p back to shareholders, which I might add would be highly beneficial for him given the share options he gave himself at 4.5p !!
Nobody can disagree with your recap of the past Herb. The future is not yet written however; This stock price has moved into Private equity territory in terms of price to NAV, and a bidder at say 6p could take this private,clear out the ineffective board liquidate the holdings and bag north of £10m, not bad for 6 months work - Where's Gordon Gekko when you need him.!
At the start of the year Hibi hit 112R and Polo 5.5p !!
They certainly aren't free peaky- but the scheme at maturity will give you options, including selling sufficient to take up the rest, - It would be highly unlikely you would part with 28.9p per share unless you were REALLY bullish - You would just sell some or all and pocket the difference after tax which would be substantial whether min or max.
Geoff has a few more shares than me so a bit of portfolio balancing probably makes sense Arsenal58, although he will definitely know more about UTW than we do !
So lets get this straight - If UTW plc by 31/7/21 achieve a minimum shareholder return of 250% from a starting share price of 28.9p BF gets 454152 shares as a starter - and a straight line increase through to 1,816,609 shares award if the shareholder rtn hits 530% - or 182.07p in simple terms
If Free cash Flow hits £8.4m during the period he gets 151,384 up to a max of 605,536.should FCF hit £15m
I have said it before and I shall say it again this is the sort of turnaround opportunity that turns good CEO's into great ones and he now has an incentive plan to make it happen. Buy and Hold IMHO
Interesting purchase - and a trading update which is on target and growing
150k going through at 38.66p in the auction mmmm, an RNS tomorrow would certainly stop the rot !
The stock price beggar's belief - Just when you think the price cannot get anymore ridiculous. When it was suspended a few months back,and the chatter was rife with fear of delisting, it was priced at 3.5p mid, now 3.25p mid. Centamin has relisted, Hibiscus Petroleum is firm and the other bits are atleast still going (apart from Weatherley of course) If i were a deal maker I might have a pop at this, swaps on the stock holdings and then bid 6p, Kick out the current board and bag £15-£20m after costs (even accounting for the Tang poisoned pill) Nahhh I think i've been out in the sun too long - stick the money into something with Corporate governance standards instead !!
I would agree with your sentiments JohnnyCah, but doesn't their current position of negative shareholder funds prevent a dividend being paid in the near term. It could be 2020 at the earliest for that in my view. However the stock price could easily turn substantially higher if they can show a rebound in free cash flow and value it more like a Techie - although I expect this to be April 2019 interims, probably too early to see this in October given what they say about soft trading pre April 18. As many here have said before me, if the BoD buy in heavily or the company has the free cash to start buying stock in, that would send a very positive message that progress is good.
I am equally cynical about the available information Hereshopin. Estimates from a range of Analysts put EPS for 2018 at 7p which should support 80-100p share price. Closing the US business was said to be cash neutral by the BoD, but I wonder whether there will be an exceptional charge coming through of £3m say, which would take 2p off that. Also has the accounting issue been fully put to bed !! Bit of a wait until finals in September, could do with a trading update/statement about share price fall - something.
H1 figs on wednesday which may give further support to the legal position, but also the Schizophrenia RBP-7000 update must be close- wander whether it's coming with the results - An interesting week or two ahead for this one.
I had been waiting to purchase shares in this company for 2 years but thought I'd missed my opportunity. I am surprised by the way this company's shares have reacted of but also very pleased - The business is a risk business but have a great track record of producing solid returns - Always happy to see big director share adds esp CFO. My only nagging doubt is a global downturn and expectations through a protracted period of negativity but at present that looks like a tail risk rather than a base case.
Agree HeresHopin - To think these are non-core assets being sold for these multiples - Debt under control, growth coming through , I shall no doubt be revisiting my lofty £3 price target for 2019 as I think it might be a bit low !!!
I agree mindthedip, this IS a seismic shift. Historically the company had that Boiler room feel. Targets are no good without results, yes,but the plan looks very interesting, ambitious and moves things forward in a positive way - I'm excited about this share for the first time is 3 years. Also if you are a T/A, (which I am not) chart breakout recently.
The company's in hyperdrive - 2 communications in one week. They'll be announcing their results in line next. I like a company with ambition, if they get close to what they state that would be great news for all stakeholders - power up !!
The company's in hyperdrive - 2 communications in one week. They'll be announcing their results in line next. I like a company with ambition, if they get close to what they state that would be great news for all stakeholders - power up !!
This is what I want to see - Disruptive tech/opportunity, great news !!!