Member Info for smudgedan

Thanks for your kind comments. I am disappointed with the results. The previous RNS' suggested a better turnaround than they have achieved and I have sold down my holding at a loss as a result. Still have a few in but better options elsewhere imv.

Ah, we meet again. Good find.

Have squared that away as a bigger job and in a much bigger company. Lets see what magic our new NED can weave. Still think we will see net profits in the region of £2m for the current year and an increased cash pile of £7m at year end, providing no acquisitions in the interim.

Morning Jolly, still holding here. its a bit of a score draw. We knew there was margin pressure from the previous results and we already knew the revenue was up . We also knew they were looking for acquisitions and they were looking to reposition the business. The NED appointment looks good. Would like to have seen some numbers but didn't expect to. Happy to hold and will add if it drops more.

background buyer plus this mornings 100k buy I guess. Wonder if any of their investments are just about to do something?

Evening, link to the podcast herewith. I look forward to seeing your updated research note. https://www.voxmarkets.co.uk/blogs/531-vale-international-group-private-investor-smudgedan-and-alan-green-on-adl-edl-snt/

In here this morning. Cash levels have increased by more that the MC itself. Can see it back up in the 3's shortly

Excellent day here today. What causing it intrigues me

Not me, but good to see nonetheless. Lots of life in aim at the moment and our time will come here

Thanks for this. i certainly found your previous one to be very useful. I shall be mentioning MBO on the Vox Markets podcast on Wednesday as i share your optimism here.

I don't think the results once released will be much to write home about this year, but the support of the major shareholders who are also on the BOD, not just the recent conversion but also the interest free loans lead me to believe that they see a good future for the company. This is backed up by the results for the operation in Ireland which they have just sold. Decent turnaround there. Relatively, low FF, talk of an online offering. Will certainly be interested in the forward statement. I feel that they are turning it around, but that remains to be seen

That is indeed a whopper. Any takers? Olderandwiser apologies for the tardy response. Great to see the court case thrown out. Next up hopefully a strong CEO appointment and an update regarding how Freepaymaster is bedding in. Should get notification of the AGM shortly which I certainly plan to attend.

Good stuff mate. Think we will do rather well here

Cheers, will follow you

Afternoon, Wiggums what is your Twitter address

Yes, MBO is certainly very appealing at this level. There are not many companies listed on aim that have this level of revenue to market cap ratio, where the fx change could conceivably result in a profit swing into the millions. Also, with such a low market cap the potential for an exponential increase in sp is much easier. The best price I could get before the recent rise was 2.5p and only for tiny amounts before it went up to 3p. Getting more today at 3.1p following the results really is a steal imv

A couple of tranches here today. Now have a decent holding of these. Not long to wait until the interims which will be quite revealing.

day here, certainly in the context of the wider market. The revenue mainly being in USD and EUR is a good hedge against the sterling weakness and we have several forthcoming catalysts news wise. Welcome the the new investors here.

Exactly, the drop in sterling has a huge effect on shares like MBO with a tiny MC but large revenues. If things stay as they are the could conceivably be achieving sterling profits of a few million. Excellent blog by the way.

Yes, sold most upon return from suspension and then bought most of them back again on the drop.