Member Info for Sm66

Whilst I agree with most opinions on here about Indus being undervalued, after the last % size increase, I thought it would continue to recover, I was wrong and when it dropped I started buying, got my average down to 8.9. Today I sold 6k worth and kept the £1500 profit to roll. Happy to be wrong but I’m day trading this and well, profit is profit.

GLA

Classy

Boyo

Your first post was today at 09:45

You’re not helping anyone by lying and attempting to have a knowledge. Hindsight is easy.

The fundamentals stand up, the price is low because AXA bailed. There’s only an -8% float so it will be volatile, could just as easily hit 5p or 75p next week

Nothing negative regarding debt has been reported via an RNS, Infact RNS’s a very scarce. Financial reports look solid.

John389

No real concern over debt as equity outstrips debt by over £300m. Most businesses carry debt.

Ultimately, they make a profit and have assets.

Appears AXA selling out has caused the drop, yesterday’s rise certainly put them on the map for a few.

Historical volume has been very low and that won’t help. Current volatility will make it an interesting bet for many, some will be consolidating losses today and may escape a further fall but for me the fundamentals stack up until told otherwise.

As reported 2023 results, source fidelity

Total equity 343m

Free cash flow 62m

Gross profit 56m

Mcap 19.58m

Beyond undervalued, the current SP is remarkable unless there is something sinister hiding?

Sharepoint

Thanks for the explanation, the fundamentals look solid so the drop made little sense. I’ve only put my toe in the water as I don’t know enough about the business, hoping for a fun ride.

Thanks again

Just threw £500 at this as after some reading, the monumental drop this year appears senseless?

Does anybody know the story?

Ivor

There is always nonsense posted on chat boards, but there is Lao some genuine thoughts, feelings and information shared.

As for who is in control of Pfc. The BOD have taken as global service provider to the brink of bankruptcy, they have stated they are unable to pay the interest due on the bonds in May. They have however secured money for some performance guarantees which is very interesting. At what cost though, how much equity? Will they dilute to raise the interest payment, delay the interest payment, be forced into administration etc,etc.

Whilst the later is in nobody’s interest apart from shorts, it is a possibility.

We should find out tonight how many shorts bailed and that may shed light on their expectations.

This has been too much of a gamble recently, to often in these situations, the worst scenario materializes.

Good luck to the brave who held.

There’s no denying that this has been managed appallingly by the BOD to go from £17 to 10p but it is what it is and the question now is will it remain a going concern?

They’ve somehow secured $300m funding for performance guarantees which will enable cash flow to appear. Can they make a profit? I’m guessing the new lenders think they can.

With bond holders and shareholders facing a possible wipeout and the business facing administration, D4E is starting to make perfect sense.

Bond holders may accept say half in shares, so $125m at 10p that would put approximately 1.67B shares into the market in total. Halve the bond, accept a delayed final payment and the $300m of new debt that they’ve secured will enable performance guarantees to be payed and funds released. It could climb out of the grave rather than self destruct

I am able to buy on IG

Why has former CEO Asfari who is holding 85m shares not sold a single share?

Clearly not as last week it was fairly settled around 25p.

Anything could happen but what will happen is suspension tomorrow! Mad gamble right now, there are simply too many factors in play. Why suspend? Why are lenders putting up $300m for a business that appears on the verge of bankruptcy? Hostile takeover perhaps or de-list and take it private Asfari could do a julian Dunkerton.

Paul

Thanks for your explanation.

Will be interesting to see the declared shorts position after suspension.

The saga continues

Paul

Whilst I agree with you to some extent, why did the SP open at 15p then rise to 19p? Some will say “shorts exiting”, why would they exit now given your scenario which would put the shares around the 4p mark.

I’m holding very nominal amount as I diluted heavily some time ago now. I’ve said recently that if the business can put a lid on the debt, clear the loss making legacy contracts and move onto profitability then it can secure a future. The last couple of years have been torrid and full of empty promises hence the current situation. I will keep my nominal holding as a marker or a lesson, we shall see

Apothecary

Are you actually being serious?

Kicking ourselves for not holding when the SP hits 10p on Tuesday?

If you’re happy to loose over 50% then so be it, I’m not!

Knowbody knows for sure but a lot know what’s most likely hence 10% shorts and the SP in the toilet. If news is good the SP will fly but it’s one hell of a gamble from here and I’m not prepared to take that chance.

Thomas

Administration Is the one possibility that hasn’t really been considered yet as whilst the debt requires urgent attention and the loss making contracts need finishing, if they can manage to control the debt and make a profit from the contracts awarded in the last 18months or so then the business has a future. Although administration would create an easy way out of debt and allow someone to pick off the valuable parts of the business on the cheap and continue with the business under a different guise. It’s all to common recently. ESKEN and SDRY spring to mind. I really hope the update is satisfactory and shows a clear recovery path without destroying shareholders but am expecting the worst.

Paul

You may well be correct.

Personally, I’m as good as completely out. However will jump back in after the big day as long as it paves the way forward for the business. If 4p is reached it won’t be for long as the shorts will be fighting for the exit.

Also, as stated, the shares were sold to institutional investors so todays drop is solely on the news release.