Revenue for year just ended should be north of 25m IMO. The 17.9 would be without the water business and anything else axed, NP should be much better than previously with the losses stemmed. Just about every company I enter is beginning the switch to LED so if we are of getting our share more headsshould roll.
Yeah fast run down but at this level it could just as easily put on 50% in the blink of an eye next week if the story is believable.
Jim: Like you I am surprised that the SP continues to fall. Since the RNS, on the face of it the MM's have bought over 2M more than they have sold - very unusual for an Aim company. The MC is now too low to attract the interest of fund managers and perhaps those that are in are having second thoughts on whether the new regime has a viable strategic plan. From memory Hargreaves issued an RNS after the last placing at 8p stating they owned around 17% of the company - perhaps they have had enough. They certainly have enough clout to ask questions but also with enough sense to orchestrate a get out if needed. Having averaged down to above water over the last year I am once more drowning. Like many others, I suspect. I am not a buyer at any price untilI I see evidence that the corner has been turned although I have no reason to believe that it has not. Indeed there are several positives indicators regarding the company itself. 1. The CEO participated in the last two placings at 6p & 8p. 2. Remember Theo? As disgruntled as he was with the way the company had behaved towards suppliers and I think employees, he did say that he thought the business had turned the corner. 3. Component distribution is doing well re RNS. 4. Massive losses (GC) disposed of and a heavy reduction in running costs. When the results are announced next week there may be more positive indicators for the current year but, sorry to say this again, until we get an analyst covering APC I see nothing happening.
Welcome Playful. What's happened to the ADVFN board for APC. It used to be very informative but not much of late. On LSE we have some good posters and very active of late with Theo sharing his experience of working at APC. Beats celebrity, even a few body parts on here occasionally too.
With no disrespect to any posters I find it hard to imagine that anyone would be bothered to make a syndicated short on APC where trading is thin to say the least. The RNS was informative and signalled the decks are clear and we grow from here. Not the first time this has been muted but possibly believable if costs are kept under control. The London office seems like a very expensive luxury and I was unaware of this until Theo mentioned it. Theo you seem to have a good understanding of the problems but I am surprised about your comments on IOT. Are you saying that IOT is a passing fad or that APC have no idea how to sell it. If the former IMO you are wrong as it is already part of new build planing and already used in hi tech offices. How do Minimise carry out M&V and RTO? Does this not involve Cloud based monitoring of sensors fitted within buildings. Would welcome your comments as I believe this is the only area of the company left which offers exponential growth opportunity.
What actually happens at the London office?
bona fide even lol
Jim: Who looks after the Minimise website? The only name I could find throughout the group sections is Zest who are bona fida.
I value all viewpoints but agree with JF that Theo is posibly a casualty of cost savings. Either way quite serious criticism of management without them having the opportunity to respond - Paddy have you stopped beating your wife yet comes to mind. I shall look with interest at the creditor days listed in the annual report when it arrives.
That's an interesting post Theo. They have raised nearly £4.2m this year alone so where has that gone to? Sounds like you may have some contacts within APC so how are they doing? No one else can tell us!
Fred: If management are aware of anything material affecting the SP they must report it. So no news is good news maybe. It is the responsibility of the Nomad to police this and would be very dangerous to ignore. what I do find strange is that no 3%+ shareholder has reported moving through a 1% reporting point. With some 5m shares traded since the last RNS surely these are not amongst us smaller shareholder fraternity?
Fred: My guess is it is a self perpetuating spiral which will prove difficult to break whatever the news. As you say it has been left to languish after relatively good news in October. Since that RNS the trading balance of shares is -1.5m shares and no one wants to buy. The market cap is now too low for most II's and the PI's need news as you rightly say. Until then just how low it will go is anyone's guess but based on Distribution sales alone it is worth more than the current price. Danger is that someone will come along and pick this up for next to nothing.
Well you have certainly lived up to your name! Try reading your reports again and the RNS over the last couple of years before writing such a trashy post. Minimise is alive and kicking. Minimise water was chopped, nothing else and IoT is a natural progression for the highly technical distribution division. Revenues since you mention them have been affected by acquisitions and disposals but last year grew by around 50%. Next year probably £10m less but more profitable because the water business was making tremendous losses. The year just ended who knows we await the figures with interest but surely better than the huge losses last year. If not I am sure more heads will roll.
Thanks. Does L2 tell you the broker for each trade? Just wondering what Stockridge? is doing.
Jim: Interesting viewpoint. So L2 tells you Cantor are still active in APC? Since the announcement there have been 3.5m shares traded and 62% have been sold. Since Cantor are not the house broker they must be confident of the F16 numbers being met or am I reading the situation incorrectly. I do not have L2 so any further explanation would be gratefully received.
Vino I agree with your post but if there was a major problem I think more would be running for the exits. Share dealing since Monday has fallen of a cliffe so maybe something is about to give?
In answer to your hypothesis IMHO: 1. The water business sale should negate the need for more cash. 2. Quite possible the business is now cash generative since the water losses were huge. 3. The order book is the unknown. Assuming budgets are being met then the SP should be higher than now based on forward expectation. The problem is that no one appears to be following APC since Cantor went off the scene and until us mere mortals get some indication of future prospects we can only guess what the future plans are. As of now the SP is what it is. If we start to get positive news flow as we have in the past then anyone of your suggestions could be correct.
Only dance they know is the limbo!
Blo@dy spellchecker! Sorry Darlek
Darlene/Fred - I agree that this is shoddy treatment of a shareholder and GC should have definitely been removed from the website. Just a thought, are they still handling the eco toilet and hand dryer sales themselves? Also as they brought remote monitoring to the party after the GC acquisition are they still offering this service through their Invisible Systems Cloud based monitoring platform. This might explain the slow response to removing Minimise Water in totality.