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I remember chatting to the drillers at Clay Lake some 20 years ago…how time flies and nothing changes.
A few musings taken from another site courtesy of gigabit. Everyone seems to be hoping for a miracle in the coming days….
cash c£140m - no, the most recent published figure is £98.8m
loan c£40m - yes, but that is included in the £98.8 which reduces that figure to £58.8m of free cash
future put option c£40m - yes, but that reduces the free cash to £18.8m
oxb cash generative on operations - no, according to last published accounts which showed an operating loss
new contract with upfront cash - yes, but amount not specified and last published report stated that new contracts carried lower up fron payments than previously
oxb solutions burning money - yes,and the fact that the cash has been injected already makes no difference in accounting terms
****logy will finish trials - not known. they stated that they were halting all ongoing development work
early confidential aav contracts - yes, but value unknown and less than previously as above
leading aav yield - not known as most companies regard that as confidential commercial data and don't publish it
Hi Kern,
I have a horrible suspicion that the markets believe that there is going to be little of note in the interims. A big loan and cash burn are a concern that could see this drop like a stone. Another undisclosed sum from a contract is not going to cut it !
I’m not invested here so would hate to offer any advice on whether to bail ! A few days will tell a tale..
The rabbit not only needs to be pulled out of the hat but it’s going to need resuscitated. Sympathy to all holders.
Spoke too soon !
A couple of positive days for Oxb. Long may it continue.
“Undisclosed” has been a term Oxb has used all too frequently. Kern, I agree this must be peanuts yet again…
Notably, Aviva continued its upward trajectory with a 0.24% rise, following the company's interim results earlier in the week.
Further bolstering Aviva's stock value was a recommendation from broker Berenberg, which adjusted its target price for the company from 481p to a promising 493p, implying a substantial growth potential from its current position.
Another bad day at the office…
no news or explanation for the continued drop. could it be that ****logy is costing a fortune with little return ? anyones guess.
Looking across other sites nobody seems to have any idea what is going on with Oxb ! Even the likes of Vulpes obviously have no idea as their investment has been clobbered.
Hi Kern, Keep looking in but still out..it’s certainly a slow burner and as you so rightly point out news is very scarce. Just sitting back and nursing my summer losses access the board. Doing virtually no buying or selling at the moment but instead just drip feeding into stocks and share ISA’s. Hope you are well. It’s just seems to be one step forward and two steps back…
I have a few trusts which include Baillie Gifford which I drip feed into but not sure who is running the BG funds as they are a disaster. My other companies are doing reasonably well. Will probably sell the BG and cut my losses.
Chid…I agree. The pi never wins with a buyback. If a company is well run the sp should increase accordingly regardless of a buyback. It is deemed by many commentators as a lazy way for companies to spend excess cash and make it look as though they are doing something ! That debacle a couple of years ago by Aviva was sold as money from heaven but left the pi no better off as well. The company is in a good position but the sp unfortunately is treading water.