George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The revolution brand seems to be the main issue and yet post covid loads of money was spent refurbishing these bars. Why?
These bars are meant to be focused on a younger crowd and students. Previously we were told these youngsters were less impacted by the cost of living as they don't have mortgages etc, now they are the most impacted according to RBG.
I have no issue shutting bars not making a profit - the Wilmslow one always looks dead, maybe it should have been done earlier.
Playhouse is a new concept so a bit concerning that is closing.
Peach is a great brand - the one in Bedford, the Embankment, is not cheap but is always quite busy and food is good. It also does B&B. However, buying this using the overdraft at a time of rising interest rates was madness.
CEO still gets his £400k basic despite all his poor calls though.
Yep 26/1 last year so expecting similar timings this year. Was hoping a few 2024 share tips would include JUST as it seems massively undervalued. If we repeat H1 performance operating profit will be c £350m and the company is valued at less than £900m. Surely a ridiculously low valuation.
Whilst the losses are still massive i think they made a small EBITDA surplus in H2 as the loss in H1 was £3.8m and they have just reported a EBITDA full year loss of £3m.
Cash still seems to be burnt far too quickly. At end of H1 they had c£5m , in July they raised over £8m in a placing at 65p and later sold Vertus, although not sure if this money has been received yet.
They are now saying c£9m cash although a % of this is restricted. They burnt through c£5m in H1 and it appears maybe £4m in H2.
Yes, an unexpected RNS plus some decent share tips for 2024, including the Times has given the SP a bit of upwards momentum. Back in 2021 both CF and Buckley bought large amounts at 26.5p.
Obviously any good news is always accompanied by the clown repeating the same old sh*t.
Good luck all LTH.
Looking forward to the trading update in the next few weeks.
So if 2025 profits are expected to be $22m (so c£18m) based on a conservative PE of 10 that's a valuation of c23p a share. A more realistic 20 PE is 46p. We can hope/dream
Looks like the Friday SP price action has already corrected itself. Being quoted over 7p to sell now. Still a silly price under 8p IMHO as that only values the whole company at c £30m and we know we are in advanced discussions for a part sale in excess of £30m. So how much for the whole company - £50m?
I suspect news anytime from Monday 8th Jan.
Sorry got carried away - yes a £50m short term valuation is c29p a share, not 50p. However, even that is c 70% higher than the current SP.
Ignore the clown - he's been pushing TLY when it was over 30p, now 5p!
Says HVO has no growth but quotes, £50m rev increasing to £55m to £60m - looks like 10% YoY growth to me - not massive i agree but not insignificant.
What he fails to mention re growth is the EBITDA - 2021 £2.9m, 2022 £9.1mm 2023 maybe £12m??
Cash was £15.7m at 31/12/21 and grew to £28.4m on 31/12/22. Cash will clearly go up and down on a daily basis so a small dip is clearly not an issue, especially as some costs re the new facility will be paid upfront and maybe invoiced to clients later.
As for Mo's options. They can be both generous for him and also insignificant for the company as a whole (c 1% of the shares in circulation ) , but the clown can't get his head around this . The fact they mention they can be exercised if there is a takeover speaks volumes IMHO as CF has always stated that is his aim for HVO/OO.
Finally he was posting repeatedly on new years eve on here and both ADVFN. Get a life
Have to agree - and short term, based on current trading a 50p valuation, c£50m valuation, seems quite conservative IMHO.
I'm hoping for a really impressive Jan trading period covering the last 6 months. For example, Oxford St only opened in late Nov last year and was impacted by at least 2 train strike weekends last Dec. This year it will have been able to organise a lot more corporate events and there was only 1 strike day impacting London this December. This store must be doing £10k to £20k per week so even with high rents this will be making a material improvement to both revenue and profits.
At H1 Boom did £11.3m revenue, it would be nice to see maybe £25m for the full 12 months. Add maybe £13m for Escape Hunt (c£10m in 2022) and that's another year of impressive growth.
I think the late report 390k trade at 7.05 was a sale and it appears MM didn't have the stock to fulfil the order, hence the sudden drop. I think the low volumes didn't help.
Just before the end of the trading day i couldn't buy more than 1,000 shares at 6.9 (not enough stock available) and could sale at 6.73 so i think the drop was already correcting itself.
There is no way things are off track re the sale as the legal depts etc will be closed over the Christmas period so if there was to be an issue it would have been known before the xmas break.
The fact that there were big purchases during this period gives me confidence that all is on track.
Wow - check out the late reported trade , 900k shares.
This is still valued at a little under £30m, despite the recent rise, so still a decent way to go IMHO.
7p smashed, however, a lot of blue sky ahead for further increases.
The late buys on Tuesday and again on Thursday would strongly suggest this. I suspect the sale is now agreed but contracts need to be reviewed by legal teams etc. With the Christmas period it appears this will now slip into the new year, however, i remain very confident.
I am very surprised the share price hasn't risen more. It was massively undervalued at less than £20m, weighted down with short term funding concerns. I think the LUCE share purchase has already resolved these issues so i think that deserved a re-rating on its own.
The sale of the management division for 'in excess of £30m' whilst not guaranteed again shows how low the current valuation is.
There is a strong argument that the remaining business is of similar value, however, even conservatively valuing it at half gives a minimum overall valuation of £45m(c12p a share).Even factoring in the sale not materialising (there is more than one interested party BTW) and maybe short term reducing the overall company value to £30m that is still 7.8p and c15% above the current share price.
When the news drop i predict a minimum 50% daily rise. It could be more if the sale is for more than £30mand the last 6 months trading shows continued growth.
Good luck all LTH and have a relaxing break
Very interesting buying from about 12pm today, especially a late reported 750k buy. Definitely something is brewing
I prefer to focus on the increase in EBITDA - after all revenue is vanity and profit is sanity etc.
The bottom line is growing significantly - obviously the village idiot avoids mentioning that.
Quite a few 250k and 500k purchases today. Bodes well
Here's an excerpt from the Nov RNS. Says discussions at an advanced stage and then further down CEO states it is a short period of exclusivity. Also notice it is a cash offer, so nice and clean, no shares etc. Also states money to be re-invested in the fast growing service division.
The Board engaged professional advisers to conduct a strategic review of the Division, following which the Board received a number of indicative cash offers which valued the Division in excess of £30 million. The Board has now entered into a period of exclusivity with one of the interested parties.
The Board intend to re-invest proceeds from any sale of the Division to ensure the Company and its subsidiaries ("Group") have the appropriate financial resources to capitalise on the substantial growth potential within its Energy Services division.
While discussions are at an advanced stage, there is no guarantee they will lead to a transaction or as to the final terms of any such transaction.
"As discussed at our Interim Results, we continue to position the Group to be able to win new larger mandates and optimise financing solutions. Following a number of inbound enquiries earlier in the year we have appointed an independent adviser and entered into a short period of exclusivity with one of the parties which has expressed interest in acquiring our Energy Management division. We will update shareholders on this process as appropriate."
It appears Babu is still buying. A 1.5m purchase and yet no movement in the share price !!!
Re-read the RNS re the sell. Says negotiations are at an advanced stage and also explains how/where funds will be re-invested. A massive positive for me. I did top up considerably in the low 5's , however, have bit the bullet and just bought another 100k shares. Someone earlier today bought 250k so they are clearly also quite confident.
Company is currently valued at £25m - just too low IMHO. 10p would value this at £38.7m which still seems low if we are ready to sell a division for over £30m
Also, let's address Mo's options.
Firstly, c7m options is just over 1% of the company's shares so it's not overly significant.
For me, whilst the options are quite generous i think there are 2 things driving this - potentially Mo was approached by another company and these options ensure his continued employment. Surely a win -win.
My other thought is that it is well known that CF's end game is a sale. If Mo wasn't happy that his employment might cease in say 2 years, then this is a nice sweetener for him. As per the RNS the options vest in full on a takeover.
So IMHO i see these options as a positive.
"The award of the LTIP Options is also subject to continued employment, malus and clawback provisions and will vest in full on a takeover of the Company."