Member Info for shandypants2

at 6pm yesterday a RNS dropped. New CEO has been awarded 1m share options at 1.5p and another 600k based on performance.

This will no doubt be on top of his standard salary and bonus which for a small company is quite high anyway - Carl Sherritt as CEO earned over £500k p.a in both 2018 and 2019.

I have no issue with giving out share options but would preferred them to be earned and not 'free'. The 1m options are awarded if he merely remains in his job for 12 months!!! Even the 600k are awarded based on the share price rising 50% in the next few years. We all know the current share price undervalues STX so this shouldn't be overly challenging. I'm expecting the 50% to be achieved in the next 6 months!!

agree Ricky. There will definitely be a YE 2020 loss as £5m loss for H1. Anything between -£2m and -£4m i'd guess. Hopefully at the lower end.
Results will be 6 months old and ORPH has changed so much - 2021 guidance and forward looking statement will be the critical section for me

according to CEO another 130 plus agents signed up in the last 10 days. Was 200 for the previous 10 . Usually they seem to sign about 10 new agents per week so recent levels are impressive.

Just converting current agents from discounted rates to full payers should see double digit revenue growth over the next couple of years.

sorry - We Shop not we Works!!

Hopefully some momentum should start building as we near the 21/6 YE announcement

if the 55k a day is achieved that's c $80m p.a extra revenue coming in from KRG payments.

Not to be sniffed at

if the 4 week extension to current restrictions is confirmed tonight it won't help the hospitality sector, including ESC, regardless of what JW says.
Also weekly health data published by DHSC has suddenly started excluding the school data so ,maybe the govt is trying to hide a growing problem.
Short term there may be a bit of pain

Bobby - good point re legacy assets. These seem to be valued at zero but clearly could be worth decent amounts. We Works is a very interesting proposition and has potential

agree - would like more commentary regarding the companies they are working with - If NDA prevent the name being published, at least mentioning the industries and size of the companies should be permissible e.g. a top 5 UK bank etc.

yep, with a new CEO it will take him a little while to get his feet under the table and he may also want to tweak part of the current US rollout plans/approach.

Hopefully this won't lead to any delays. I expect news late June

Impatient AIM i think.

Bottom of RNS states "Both parties are keen to work closely and continue the commercial pilot, in which Satago will develop further integrations with the Bank's infrastructure and drive additional reach through Lloyds' regional sales network."

Further integrations with the bank's infrastructure. This is why it is a positive IMHO

At Lake Way right now & not leaving until production coming out back end ?? shoulders to the wheel, all hands to the pumps, final wrinkles being ironed out over coming days. Premium SOP imminent! ?? Been hell of a ride ??

Above is Tony's tweet on his personal twitter page (from the 8th). So is this days or weeks? Either way it is close. Getting some potash produced and shipped is a massive milestone for the company. A 1st revenues RNS is long overdue!

pilot extended for another 6 months. Seems a positive - maybe covid has impacted roll out a little so an extension seems sensible. Surely you wouldn't extend something if it wasn't providing value

agree we are undervalued but until we get consistent and timely payments for the oil on the agreed terms then this will always depress the share price.
Only last month KRG just altered payment terms without consultation and there are outstanding invoices from over 18 months ago that have still not been paid - and no interest is being incurred.

https://www.proactiveinvestors.co.uk/companies/news/941115/empire-metals-turns-attention-to-western-australia-hot-spot-941115.html

More good coverage

have always thought RM buying use would be a good hedge for them.

We are so small can't see any major competition issues (but WTFDIK) , although not sure our management and shareholders would appreciate the approach.

RM look like a Fevertree to me - did well being first into a growing market, but now saturated and high premium offering is not sustainable.
When your customers don't like you it can only go one way .
https://www.saynotorightmove.co.uk/

first potash should be ready any day now as June quarter has been repeatedly mentioned.

Hopefully Tony can get some positivity back by announcing our first revenues

yes good results, healthy cash position and 2021 progress appears on track.

Hell- OTMP announced these results (unaudited) back in Feb BTW, so no great surprises today, but always good to see them officially announced

Have to agree mug, whilst i like GB he has history here.

Last raise in Dec 2019 was proceeded by months of telling people we didn't need money (when we clearly did).
Dec 2019 raise was limited due to limit agreed at previous AGM and was never going to be enough. In Summer 2020 this came to a head again and that's when the loan was announced.
After H1 figures i commented that cash had gone down from £1.2m to £0.2m - a lot for a 6 month period - and was pointed to the document page you mention (don't think GB was being rude, if he was it definitely wasn't to me).

So today's announcement is really a big surprise and no doubt a positive spin will be put on it (and there are a lot of positives), however, it is also being used for working capital i.e. DVRG is currently a loss making company. Whilst the revenue projection for 2021 is fantastic i'm struggling to find a profit estimate for the same period. I want to see GB telling us that 2021 will be maiden profit one.

i do like DVRG and GB too but a placing was always on the cards. Last year they took a loan at 12% to ease their cashflow concerns and clearly this will need to be paid back at some time. Although revenues have grown over the few years the cash burn has also been high.
YE results will be announced soon and these will show the cash position at YE. I suspect this will show quite a reduction, especially as GB never mentions cash or profit, merely revenues - always a bit of a red flag IMHO.
Also as per the last raise in Dec 2019 GB explained that some of the bigger companies looking to do long term deals wanted assurances regarding the company's finances. The same applies now.

Anyway, discount is not massive and hopefully the £10m is a decent amount that should support growth over the next few years.
Hopefully short term pain, long term gain.

Yes, very encouraging. Like the fact that OTMP has over 700 agents exclusive to them . I've recent bought a flat and used online portals extensively. I found that i did need to use all 3 to get full coverage as none were showing more than 80% of the available properties.
I've always said that OTMP are not competing head on with Zoopla and RM but to be used alongside them. The exclusivity is essential in this aspect