Member Info for seattle

I am more confident about the future than you . The directors did buy over £700k in this placing . . The financial commentators say U.K. families ( the ones that have jobs which is most of us ) have saved between £120bn and £150bn during Covid so when we are released into the Wild again it will be the roaring 20’s again. Eg another share was Mitchell and Butler similar value to Jet2 ( 2000 pubs and restaurants etc ) went from £3+ down to £1 a share when Covid hit . Now we all see a future it is over £3 again. Happy days .

I am not sure where you get the $67m from . I thought the turnover pa from a 50 ton machine was projected by the brokers was $77m. It is my understanding the cost is in the region of $28m for a 59 ton machine . With guaranteed orders a US bank would lend 75% of the cost and with a 28% profit margin that could be paid back in a year . Licenses and joint ventures are also the way to go.

I am not sure where the $67m came from , I thought the $77m was the projected turnover pa from a 50 ton an hour machine . It is my understanding the cost will be about $28m and they can ( with guaranteed orders ) borrow 75% of the cost from a US bank . With a 28% profit margin they can pay that back in about a year . Joint ventures and licenses is also the way forward in other US States and countries .

Looking at one of the other companies that used Primary bid recently .was AEG and they raised a £1m at 1p on the 2nd Feb and the price today is 1.3p . As you know with a different deal MVR’s offer was at 3.3p and now 2.95p . The market always decides what a good deal is , regardless of what is posted here.

That is why they call in a death spiral. They sell the shares in advance , the price goes down and then they cover by being issued shares at the lower price . They can’t lose but the shareholders do because of dilution and a falling price .

Some good buys at the close again so expect a tick up on the off tomorrow

I have never seen one of these apply named “ death spirals” CULS work out to the benefit of shareholders . I don’t know why they didn’t get institutions to invest first ( like AEG plc successfully did last week ) before going to P.B . I will not be subscribing .

The market always moves in an advance of reality . However by mid year in the U.K. it is going to be spend, spend spend as per today’s press . The Treasury have estimated those in jobs ( most of us ) have saved £120bn while staying at home for a year . I for one will be going out 7 days a week when allowed. They need to open the pubs soon to stop me becoming an alcoholic ! Cheers .

After consolidating at around this price we await the next news from the US and off we go to the next level .

I agree , expect a little wobble next week for the market to buy the Primary Bid punter shares and then it is up all the way particularly if the broker forecasts care correct .

I hear that there will be at least one stockbroker report being published shortly following the transformation of the company’s financial position announced last week . This will give shareholders a good perspective of the year ahead . With a lot more share buys than sales on Friday I would expect the price to tick up this thing on Monday .

Just seen 4m bought at 1.40 p after hours , modes well for tomorrow

I agree with the last few posts . By June we should be well on the way to a recovery .

I doubt he is , hence no reply . If AEG does well throughout this year everybody will be happy except him.

I did buy in at 8p after watching it drop from 24p to 4p . However I never bought enough.
My target was that they would sell the company for 35p but that was then. They are doing so well and in the right place particularly in the US that my target for a takeover is now 55p

The trading in this share looks positive after a couple of tests against the resistance level of 1.20p,
( today adding trades on both exchanges buys 7.28m sells 3.18m ) . I wouldn’t be surprised if this ticks up again on the off.

Re the RNS I would expect more to be converted soon. The good news is that this reduces the debt pound for pound , improves the balance sheet and also the profitability often company as the coupon is no longer paid .

Another day with an amazing 1243 trades ( adding both exchanges together ) with most being small buys . In the past AEG never went past 50 trades a day . With more good news this share will jump again to the next level .

Wow , well found , when the US start to invest in AEG watch out .

I think you could be right . The MMs tried to shake the tree but it didn’t work with more buyers than sellers . Keeping the registrar busy with 600+ trades this morning already .