Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just getting the recievables in and seeing the cash pile will be a great start! We know there is atleast £3.25m collected since the half yearly, what they managed to bring in in Oct, Nov and Dec?
What we know, 1) Have moved away from Gov't contracts as they dont pay on time, they pay according to the government budget cycle 2) As a result recievables as high as RMB 146m (circa £15m) 3) Also as a results GWIN adopted a tighter credit control to accept orders 4) As such 2014 expectations may not be met 5) AFTER the half yeary report, RMB 32.5M (£3.25m) of the trade recievables was recovered (leaving 114m) upto Sept, so over 3 months. All goes to bottom line. 6) Market cap around £4.5m at 1p I wonder how much more they have been able to recover since Sept????
read this http://waterbridgecapital.com/gos-systems-intention-to-float-on-aim-gets-international-coverage/ GOS is still early in its development, with revenue of £3.5 million and operating profit of £300,000. Per the last RNS, existing business, existing customers, existing revenue PLUS the two additional contracts totalling £300k for 2015. The first since bieng acquired by TGL showing that GOS is indeed performing in the short number of months. GOS went to administration due to failed IPO costing them around £2m, however TGL have bought them out of administration and debt free and have now shown they are winning contracts still and the customer database / pipeline is still there.
Market • Cellular is the ‘hard to do’ piece • Significant technology barriers to entry and hence few market players • GOS business capabilities aligned to surveillance requirements • GOS has developed the sensors which provide a market leading capability for Short Range and Long range capability • Disruptive short range capability & core IP • 4G Long range capability – time to market opportunity
looking good eh? Everyone really needs to read this http://www.touchstonegold.com/i/pdf/presentation/GOS-Presentation.pdf 100% owned GOS Global market has grown rapidly in recent years, and is estimated to grow by 7 per cent. per annum from 2012 to 2017 to US$280 billion in 2018 (Visiongain, 2012) Intelligence Gathering • DIAL, a family of products of bespoke hardware and software systems for mobile phone identity (IMSI/IMEI) detection for target identification and is offered typically as a complete solution around circa £100,000 • The technology can also be adapted for e-borders monitoring and cellular explosive ordnance trigger and ‘bug’ detection • Cellular eavesdropping ‘bugs’ are by far the most prevalent devices used for illegal intelligence gathering and a high value product Secure Communications • GOS provides a suite of secure communications systems and solutions to government, homeland security, defence and commercial customers • Invisilink is a system for government clients that delivers secure mobile telephony services to ensure privacy and security for all parties • The service is sold on a subscription basis in the UK, and internationally it is offered as a complete solution for between £350,000 and £500,000 Recurring revenues!
agree, got a few hundred k in here so far and will add a few more shortly. Look around at other shells / shells that have made investments. LDP capped at £3m odd, cash around £1.4m no assets EVO capped at around £4m, 10% stake in a tungsten mine in Brazil (no production info released) and approx £75k cash SPR capped at £1m, £300k cash, 4% investment in KOG plc, additional investment to be announced (teathers.....) SPR looking for a good rerate imo!!!
Agree. Existing customers, existing contracts, existing business.
for example FLX, Market cap £20m odd, £4.4m revenues per last results. GOS, £3.5m revenue per last results, winning new contracts such as the two RNS'd today for £300k.
cash = £18m market cap = £13m
welcome and good luck mate :-)
under the radar and cheap DYOR
£2m market cap ($3m usd) Just sold hotel for $2.5m $10m compo claim against Lonhro Had cash of $1.4m per last interims overheads approx $1m per 6 months and last trading update positive of Payserv and Millichem after spending a lot of cash to get them to where they are:- Payserv Africa Payserv's Electronic Data Interchange (EDI) switching service, 'Paynet' provided services to all 21 banks and building societies in Zimbabwe over the period, as well as to over 1,990 corporates. It also serviced one bank and 169 corporates in Zambia. Paynet processed a combined 16.5 million transactions (2013: 15.2 million) during the period, a 9% increase. Payserv's payslip processing product, 'Autopay' provided payroll services to 195 customers and processed over 314,000 payslips (2013: 303,000) during the period; a 4% increase. This was achieved through a significant increase in the number of customers against a backdrop of many companies downsizing and shutting down. Payserv's payroll based microfinance loan processing product, 'Tradanet' processed approximately 121,000 (2013: 66,000) loans during the period, representing a value of US$ 154 million (2013: US$ 131 million), an 83% increase and an 18% increase respectively. At the end of the period the loan book under management stood at US$ 134 million (2013: US$ 110 million), an increase of 22%. Payserv significantly increased its EBITDA over the period. (US$ '000) 2014 2013 Growth Revenues 4,595 4,164 10% Gross profit 4,219 3,811 11% Gross margin 91% 91% 0% Millchem Holdings Milchem, the value-added chemicals distribution subsidiary of Cambria, regained high growth during the second half of the period. The fourth quarter in particular saw high year on year revenue growth of 54%, among others resulting from signing on of high-profile new suppliers during the period, including Ashland, Clariant, Sealed Air, Donau Carbon, Celatom, EP Minerals and Centlube / AGIP. It also completed the acquisition of C&M, a leading distributor in Malawi, for 5,500,000 new ordinary shares. Integration of C&M into MiIlchem is progressing according to strategy. Post period end Millchem also made its first sales in Namibia. Milchem's investment in geographic expansion has impacted the bottom line, and saw strongly reduced EBITDA for the period. EBITDA performance, alongside the achieved rapid sales growth, started improving again strongly during the fourth quarter of the financial year. Millchem also became a full member of both the NACD and the FECC, the only African chemical distributor to do so. US$ '000 2014 2013 Growth Revenues 4,806 4,323 11% Gross profit 848 770 10% Gross margin 18% 18% 0%
12th Nov RNS On 23 September 2014 the Company announced that it had raised £400,000 before expenses through an institutional placing of 13,333,333 new Ordinary Shares at a price of 3 pence per such share with an attached warrant to subscribe for one new Ordinary Share until 19 September 2015 at a price of 3 pence per Ordinary Share. In addition, the Company informed Shareholders of its intention to seek approval from Shareholders to the disposal or realisation effectively of the Company's Existing Business and Assets (with the effect of the Company ceasing to own, control or conduct all, or substantially all, of its existing trading business) and the adoption of an investing policy which is more in line with market trends and which could include oil and gas and the resources sector in general. The Company also informed Shareholders of its intention to acquire approximately 4 per cent. of Kentucky Oil and Gas plc through a subscription of £150,000 in cash for 3,333,333 new ordinary shares (being 4.5 pence per share) in KOG valuing KOG at approximately £3.77 million post investment sale of old business . Summary of the Sale Agreement Pursuant to the Sale Agreement the Company has agreed to sell the Existing Business and Assets (excluding any liabilities existing prior to Completion) conditionally upon Shareholder approval of the Disposal, to the Purchaser for: 1. an initial cash consideration, payable on Completion, of £10,000; plus 2. an additional sum (depending on the type of stock) in cash equal to 65 per cent. or 100 per cent of the lower of cost or net realisable value of the stock comprised in the Existing Business at Completion sold by the Purchaser for the period from Completion until 30 November 2015 less £10,000 but where such deduction results in a negative value CAS shall not be liable to pay or repay any monies to the Purchaser ("Additional Sum"). and 5. The Company's operations following the Disposal Immediately following Completion the Company will be an Investing Company and its assets will comprise the cash from the Disposal (net of transaction costs of approximately £13,500) of minus £3,500 plus 94 per cent. of any book debts recovered by the Purchaser prior to Completion and existing cash resources of the Company (having deducted the investment made to date in KOG of £100,000) of approximately £260,000. In addition, given that the Purchaser is only acquiring the Assets, and the Employees of the Existing Business will transfer on Completion as a matter of law, all other current liabilities within the balance sheet of the Company as at Completion will remain with the Company following Completion. It is estimated by the Board that immediately following Completion net assets of the Company will be approximately £400,000 (taking into account the Company's existing cash resources, cash received from the Dispo
He has been finding underdeveloped oil and production leases, and developing these leases from studies of geological reviews and work, and research at universities across the state. It should be noted that the P1 project, in Warren County, Kentucky, is almost identical to the way the Olinger project was developed in south central Kentucky.