Member Info for skid35

With the distillery the paper gain here cannot offset cash going out the door on the base business.

Hope you're correct - the visibility of distil brands on amazon, in supermarkets with a lot of very well branded competition is non existent (perhaps they should run those adverts - what a joke). Operationally the change of distributors has been infant school amateurish. At least with 2 1/2 years inventory they dont need cash for stock

Two and a half years inventory, what a joke of a company.

Sd, on IPO it's half of its market cap in cash. If you take cash out the discount to NAV on the investments is ridiculous and that doesn't include royalty potential.

AUGM does need one of its holdings to have sight of a listing - it.doesn't have starling / klarna type as a core holding.

Anyway, nice to see today's s p increase in top of recent increases.

Iron, in terms of his overall remuneration of is relatively modest, a 40k to take it nearer £100k would have been better. Always remember he has a large number of options which dwarf any buys he might do.

More interesting is how much gbg purchased yesterday, way above the normal daily amount, their broker just soaking up iht sells?

Will add before the end of the month.

Santiago, you still believe (after years of cancelled contracts and 100% complete and total failure, and managed by probably the most incompetent and untrustworthy CEO and board on the market) ENET has any value ?

Looks like the last knockings for ENET, but possibly just another RNS for another change in "strategic direction" from the last one - go on just for a laugh.

Https://citywire.com/investment-trust-insider/news/expert-view-craneware-rathbones-ig-group-gb-group-cvs-group/a2476376

Not a.lot of detail but decent sentiment.

About the only thing up to day in the portfolio.

Unfortunately I didn't have cash to buy low as I have in the past - see some posters play the ups and downs very well here.

Online predictions, dont tell me the brilliant simplywallst ?

Thanks. Yes, creating an nbv from an assumed royalties revenue stream hard therefore excluded from holding nbv, even more of an assumed discount.

A bit on the amateur side

At the discount to nbv the buybacks are the better route on a total return basis rather than divis.

Come on, his £20k a month isn't just conjured from thin air.

Customer, not supplier. Duh

To f up the relationship with one major supplier you had takes a lot of doing. Remember questions to the board that order had fixed and determinable volume and this was confirmed, a bit like "we are working with cisco and juniper".

Santiago must be the bookies dream punter, no knowledge, doesn't learn,.comes back for more.

There is no divi.

Interesting to see how this is valued for nbv, would assume zero ?

% chance of an RNS going bust 99.9%+, meaningful contract less than 0.1%.

Anyone putting money in for a trade really needs to see a doctor - large spread, no orders / backlog or any business, a liar as a CEO and a useless board, zero cash and limited opportunity to get it....

Formerly.

Some serious directors buys going through, not a weeks salary either.

Borrowings are related party to the director who is currently buying, they are at acceptable levels and not crippling the company in any way.

Balance sheet isnt the strongest, but doesnt need to be with upfront payments etc.

Key is conversion of additional revenue to profit (80% plus) here from the current point where they are breakeven - I think the directors have sight of good numbers from partners which they have alluded to as well as moves from other competitors EOL of their products.

Catch 22 that even if someone saw any value in ENETs offering they wouldn't contract with such a financially distressed company, need a deal to get it into a non financially distressed company.

All supposes ENET has any tech of any value to anyone, which they clearly haven't.

As I've said before US tech companies I've worked for making small acquisitions every month by some real dross for 100s of $ millions, anyone who has done testing of ENET kit (how may RNSs over the years which have all been 100% successful with the expectation of imminent orders) clearly sees zero value, as $2m / $5m really is back of the sofa stuff.