Member Info for shandypants2

Https://www.sharesmagazine.co.uk/article/dividend-growth-stars-the-companies-boosting-returns-to-shareholders

Re divi - Share Magazine highlights Card on their divi best performing list - both in divi growth % and divi yield , i.e. it pays a decent divi and the divi is growing at a decent rate.

Yes, a short but positive update. I think the language being used is quite conservative. Comfortably in line with expectations will hopefully be upgraded to exceeding market expectations in H2

Yes, a short but positive update. I think the language being used is quite conservative. 'Comfortably in line with expectations' will hopefully be upgraded to exceeding market expectations in H2

Yes i remember saying i was concerned about his large holding as he is no longer a non exec when he started selling a few a number of months ago. I remember one poster immediately telling me i was wrong. Well it appears not.

He is involved with an Australian net zero company now so clearly wants to release some of his equity here, which he essentially got for 'free' when EAAS bought Beond (sp??) a number of years ago.

Clearly he will want a decent price for his shares, so hopefully that will limit how many he gets rid of and how quickly but it's pretty clear he is selling down and will continue to do so.

A good trading update despite playstack revenues declining MoM, although this was expected as Balatro sales had to start declining at some point.

£51m target for YE looks very conservative so i can see a couple more exceeding expectation RNSs later this year.

Not a massive fan of buybacks, i would prefer this was combined with a special divi - maybe 2p, which is c£2m in total. Still leaves a lot for buybacks. Alternatively leaving money in the bank earning 4% is not a terrible idea for the next year or so.

Anyway, buybacks it is. Despite a 200k purchase yesterday the SP is refusing to move higher - MM games? Surely this has to be £1 plus in the short term if buybacks are at this level (although it is noted previous days volumes have been much lower).

No director buys - very disappointing. For a small company the CEO,CIO and CFO are very well paid with generous bonuses and share options.

The CEO has earned in excess of £600k p.a for a few years now. A £50k purchase would be seen as a positive by the market and would show that we are all in it together.

The yields quoted are usually historic - taking the last annual (so 4 payments) payments made. So 3 lots of 2.5p and one of 2.59, hence why the quoted yield is sometimes lower than it actually is.

Your figures are correct.

Sorry, Sir Terry Leahy not Steve! Ex Tesco CEO

Was expecting a few director buys, hopefully they will come through in the next few days.

CEO, CIO and CFO are all extremely well paid and with long term bonuses included the CIO made £1.9m in 2023 and over £800k in 2024.

They all have a lot of 'free' options so maybe there is less incentive to put their hands in their pockets , but clearly it will be well received and will indicate strength in the business.

Steve Leahy who is a NED has c2.5m shares here too so maybe he can buy some more.

Well over 1% of shares traded - maybe a TR1 coming if it's an existing holder.

Only 1 share buyback day in the last 6 or 7 trading days now, they are clearly struggling to buy any. Yesterday afternoon i put in a test sell for 3k shares on HL and no price was offered. When i put a smaller amount in i was offered 95.5, whereas the last sell was recorded at 96p.

Seems a little strange that MMs are not buying up all shares they are being offered as there is clearly a buyer (the company).

This is the last RNS - no updates since, so i'm guessing nothing has changed i.e. cash is still required.

Near term cash requirement

Previous cash forecasts assumed some easing in market conditions, particularly over Christmas 2024, however, as previously reported, December trading was disappointing, and so this easing has not materialised, with current losses expected to continue despite 50% revenue growth budgeted in FY25/26.

Attention is therefore currently focused on further cost cutting within the business, including overheads, advertising and promotional spend. As with many peers in the market, consumer-facing marketing spend is being reviewed and reduced, balancing impact on brand growth. Whilst aggressive cost cutting will cover some of the budgeted losses, we expect there will be a cash requirement during the first half of the next financial year to build stock cover to allow for activation of the stabilisation plan, which will be addressed through the strategic review.

Great RNS - opens up the private sector in addition to the public one where a large % of their contracts are.

Forget the noise from Trump, EAAS is a UK based company and with high energy prices it is surely a no brainer for all companies to be considering ways to lower their costs. The EAAS model whereby no upfront cost is incurred is very attractive to schools etc who have large roof space and often non LED lighting across the entire building(s). Surely this can be extended to most companies.

As previously stated i think rev for 2025 is targeted to be £30m with EBITDA of c£5m. This alone should put EAAS on a conservative valuation of over £40m ,so over 10p a share.

This deal could see revenues increase in a few years to maybe £50m and EBITDA of c£10m, so a 20p valuation.

Stock - what do you think DIS's £3m investment in Ardgowan is actually/potentially worth? BTW it is not £30m as you seem to imply in previous posts.

I like XPF but their focus on EBITDA makes it a difficult company to value.

Last year (2024) revenues were over £50m and EBITDA was over £5m. Operating profit was £2m (but this excludes interest and lease charges). Looking about 2/3rd down the account and you see they've made a £500k loss.

This year EBITDA is up to over £6m, which is good, however, is this a profitable business? I still don't know

EBITDA when you lease premises and refit result in a high annual depreciation charge are very misleading IMHO. Revolution Bars always made a decent EBITDA and look what happened to them.

No share buy back in last 2 days and almost zero trading. MMs are clearly struggling to create a market - maybe increase the SP and sellers will appear.

Dividend yield is now well over 9%, seems ridiculous IMHO, especially as the base rate is being reduced .

Even at 120p yield would be 8.6% and at 130p it would be 8%. NPV discount is c 25% which is historically very high so i can see a slow rise over the next year or so

With the AGM next month will we get a pre AGM trading update as we did last year? I hope so.

Nice tick up today, hopefully something is brewing

I should have waited a day and the RNS dropped - yes looking at LSE charges there appears to be a flat fee for RNS registration.

The reported share buyback was reported after hours and a similar amount has just dropped today also after hours. So it looks like they are buying c£4k worth a day. Let's see where the SP is this time next month.

This is an interesting article and seems to be the main issue for STX. Accrufer coverage varies for each insurance and the rules can be complex e.g. must try a salt based iron alternative first. This appears to be why the 'free'/discounted levels are still quite high. I was hoping this % would start decreasing steadily put it seems to remain persistently high

https://www.npr.org/sections/health-shots/2020/01/27/799019013/when-insurance-wont-cover-drugs-americans-make-tough-choices-about-their-health