Member Info for Sah36

Should be a 'shoe-in'. Officer's report is positive and recommends approval.

I think the market is still missing the news on this one.... Stockdale has recently upgraded H2 EPS to 1.4p - putting this on less than 10x annualised H2 earnings. They have a plan to 5x their lending over the next 4 years as they no longer have the same funding constraints. Could deliver EPS approaching 20p per share at the end of that period. In the short term, I'd be disappointed by much less than 4p in FY18. My own TP is 60p in the next 6 months and if all goes to plan �2 in 3 years.....

Agreed - surprised the SP has held up, but these shares were already trading at bargain basement levels. An 'unauthorised loan' is theft by another name. Will struggle to raise new money or rollover existing loans with a crook at the helm. Trouble is that he is the main driver of the Company. Need to find a new heavyweight CEO if the Company is to survive.

Management previously referred to 22 months of 'trial mining' before ramp up to 5kt pa. They are now looking at ramping up to this by the end of 2018. Will be throwing off cash at current RE prices.

Now....

Fag packet - so assuming c100k customers on average this calendar year @ £40/mo = £50m Revenues Avonline acquisition noted EBITDA margin 50%! The group's margin should head higher as it benefits from economies of scale..... but lets say a 33% EBITDA margin - £17m EBITDA EV/EBITDA multiple of at least 7x = £120m market cap = c £1,000 per projected customer at year end - in line with the price paid for Avonline This share should hit 20p this year after allowing for debt and dilutive warrants.....

Looking for these to move in the same way soon. Positive trading update means that we can't be far off break-even.

Weak £ is Good for translation of foreign revenues but Bank sale likely to be marked down as there is a prospect of loss of EU passport. Staying clear for the time being....

There would be a RNS at crossing each ownership threshold. He has too many shares to sell in the open market - if he wants to sell it will be an off-market placing to an institution (or a shorter).

Possibly an issue, but I don't think he'll be dumping them in the market. For a start, he's got too many to feasibly sell. More likely to take private.,....

Excellent departure. Tungsten is worth more without him. Just a couple of his cronies to go and we are credible again.

to stump up the cash for the warrants. I think that they had a while to expiry and the low cash balance at the interims (albeit with significant receivables) was a cause for concern. This is about the first 'public' thing that the BoD have done right in the past 6 months. I'm sure theres more going on in the background.

Checked back in two of my three books. Will come back when quieter.

Hi DP Back in for a small amount after listening to the presentation. Will contact IR for more reassurance on stability of the core business but looks like the worst is behind for the SP. like the sound of the fx opportunity too. Looking forward to reading in the library in 2016 Sah

This is a great company with a great business model which should do brilliantly. Deeply disappointed by the BoD's actions - there are much 'fairer' ways of reaching a settlement than the route chosen which sells shareholders short. Voting against resolution 6 and against re-election of the non-executives.

Saw a decent climb of 25% last year from here to the interims last year and see no reason why we wont be back towards £6 this year. 1st quarter update and AGM statement both positive - little room for negative surprise. Adding at these level.

Enough said

Hi guys Based on 1/2 year accounts showing 1.7m users and £2.2m recurring revenues - 7 digital earns about 20p per month per user. Assume that the watch deal is done on less attractive terms and say 10p per month per user.... The Galaxy Gear crap sold 1m units - Beats headphones have sold about 25m units.... I am going with a target of 5m smart watches with huge upside - This equates to £6m pa revenues from this deal alone - with an EV of about £18m (less cash and Boom shares) If the deal is announced - I see a £75m, Mcap soon - 70p per sahre

I estimate $13m of attributable cash flow in Q3.... Shares will retest 4p before Q3 trading statement....

any ideas on the difference in valuation?