focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I've been quietly watching my holding in this since August. Bought at 236 feeling confident the 280s was a more reasonable value, and I stand by that. Must admit I wish I'd sold in the 250s last time and got back in (or at least had other funds to top up) at 218. The fundamentals are sound here and there are divis in the meantime, so I'm happy to sit and wait for my target now.
and aren't the new contracts just the ones that were announced previously? They were expecting a couple more by now, which is a little concerning.
Well that was a bit disappointing!
lol, sorry for the lack of clarity... I was replying to kmh11's previous msg and suggesting that maybe James had bought back in...
Who do you think the £10k buy was?!
A few things: 1. Have you read other people's posts? Honestly; no-one's taking your predictions seriously, as they appear to be a not very subtle way of trying to affect sentiment on a particularly illiquid share. 2. Why would the company respond to you personally with sensitive market information that they are required to release via an RNS when they give it? I'd rather invest in a company that isn't employing someone to respond to pointless questions from very minority shareholders (or in fact, former very minority shareholders). 3. The entire point is there is no new information yet. Yes, this might drift down to the low 7p area (high 6p if you're lucky), but the figures will be released at some point in the near future, simply because they're obliged to. The delayed RNS was a voluntary extra one, and whilst the lack of immediate news doesn't please the market, it doesn't mean everything's black or that the BoD are completely incompetent. 4. I myself sold the majority of my holding at 9.85p and am looking to top-up again at the right time (keeping a little in to make sure I don't miss a multi-bagger should particularly good news come suddenly), but these BBs are about interacting with other investors to share ideas and hopefully help each other a bit. That is why I'm not making up ludicrous and unsubstantiated low predictions to try and help me get that low re-entry point.
I struggle to take your posts seriously James, they sound a lot like someone trying to push the price down to get back in to me, which I suspect you will be around 7p, not 4/5!
It's good to hope. I'm not sure, but I think most of the partners we'll work through in the US are the same as we're with in the UK, so I don't think we'll see news of progress in the US until the initial sales figures start trickling through, and I doubt we'll get an update on those until the new year now. Should be very good when it comes tho! Maybe a couple more integrations before then (?)
I always get my hopes up when I see the rns light flashing, but it's nice to have them exceeded for once. I imagine this is the kind of news that will catch the attention of a few IIs. Agree with you Dibs sensible and low risk strategy. Perhaps the main risk is it may speed up the efforts of US competitors and my erode our first mover advantage. We'll see, but it's a similar sales model that has worked in the UK: let our partners worry about marketing the product and we do the tech. It's difficult to see what we could add by being in the US physically anyway, apart from maybe better tech support.
It looks like they're not going to update us on the sales figures this month then, and I doubt they'll bother in Dec just before the year end, so it looks like we're waiting for the annual figures in Jan which should see ua break the £2 barrier. But I assume they're growing well with all the new integrations.
Well, the last trading update was on 6 Sept covering a 2 month period. Same again would be nice...
I've been following this share for a couple of weeks with interest now. I toyed with buying in but what ultimately stopped me is the lack of imminent revenue. It also took me a while to get to grips with where the various projects are up to (still not convinced I really understand). With this kind of technology, delays in set-up and monetisation can give competitors the opportunity to come up with something better. I guess that's probably why the company has stretched itself to get projects started, which I think is the best way to go. It'll probably end up being one of those shares I watch for too long and miss the bounce, but I hope it pays off for you all, esp those who've been in for a while.
I think next week will be the big one, as I'm hoping there'll be another two month sales update which will impress. May rise a bit further in anticipation on the mean time tho, once the mm games have finished. M
in my otherwise bleak pf (well, apart from a very small punt on gng that i regret not making bigger). Still think there's a lot of scope for cap growth here, as the sales model means rev growth will be exponential in the s.t without significant rises in costs. Annualised sales could easily exceed £1m by yr end, which should mean profits are possible in 2014 even if the rate of growth slows. If it doesn't slow for 6 more months, and with no debts, this could even enter dividend territory next yr. The only question is how long the exponential sales growth can continue before it tapers as the major partners are signed up. I'd be interested to hear ppl's thoughts on the realistic maximum potential market for this business in terms of sales.
I bought in at 236 a couple of weeks back. The fundamentals and p/e seemed sound with prospects for growth. ADM's success may be having an impact, but I still think this is a bargain. I was hoping for an upturn to 285 as the September money comes back into the market. Looks a little optimistic now, but if any of my other holdings come home I'll def top up at these prices.