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Further observations, the £8m turnover to this September is, according to someone who has seen Researchtree's forecasts, grows to £16m for Sept 27 and £21m for 28. Page 4 of today's announcement "Importantly, Impact Partner-sourced opportunities are, on average, approximately five times larger than direct-originated opportunities, at around £150,000 per opportunity." Looking at the amount of audits that SMCC announce most Friday's on LinkedIn it would not be unreasonable to think 100 opportunities and using their 37% gross margin and you are at C£5m, which would more than support those forecasts.

Also very noticeable the shape and sizes of todays trades implies to me that either the Results Investor Roadshow is going well or the management want more stock here, or both.

Toffeman I take my hat off to you.

However this is a matched bargain stock, market-makers no longer run books and take positions, so a seller can only sell if there is a buyer and at some stage, hopefully soon, the seller or sellers will run out at these levels and those who have read the full announcement, all 12 pages of it, and have been the buyers on the other side of the sells will benefit from the recovery.

Key points that I have picked up are;

From July JustHeat rated EPC Band C, which would make it compliant with proposed Government Legislation, also Home kit launched today,

SMCC average value per enquiry now c£150,000 and there strap line is targeting one million properties

Forecast £8m turnover and profitable by Q1 calender 27

From the last Report and Accounts you can see that 54% of the stock is held by significant shareholders each with over 3%, including Barclays, Octopus, IWG and Unicorn all of whom are FCA regulated and I am sure that the other shareholders would not want to break the declaration rules either. I also hope that your 1p target arrives sooner than a year and so do the vendors of SMCC, senior management, Executives and Non-Executives as they have step rewards at c0.9p and c1.3p

Toffeeman go and look at the announcements on 21st and 22nd January. Barclays and IWG have 1.8bn shares between them as a result of selling SMCC to Haydale and Barclays putting in £500,000 in to the fund raise as well, then the senior management also hold considerable amounts of stock. Yes undoubtedly in March/April there were sellers, just like at the end of January, but I am lead to believe that they were old SMCC shareholders and that they were cleared out. So I, who also participated in the last funding round, am hoping that your numbers are wrong and Haydale's Interims, which we should know soon, are OK and with a positive statement will change the sentiment.

There was a fund raise in October 2024 of c1.9bn shares at 0.135p which was not EIS/VCT so no 3 year tax constraints?? As someone said on ADVFN there were increased volumes around the Jan 31st tax point and April 5th but this years volumes total around 10% and in basically a matched bargain market that is not many shares that have halved the share price. Which in my opinion suggests it will not need many buyers to reverse the situation.

Toffeeman123, when you say placing shares, do you mean the stock issued to SMCC shareholders or the top-up done by mostly existing Haydale shareholders??

The fact that it is a full RNS, and not just Reach, implies that Haydale and the advisors believe at this stage it will be significant. Which is needed to get to the forecast of £8m turnover to this September. Obviously SMMC will only be in for part of the year, so the guidance with the Interims to March will be interesting. Remember that the senior management, SMCC Vendors, Executives and Non-Execs are incentivised with share rewards at c0.9p and c1.3p and Cavendish have a target price of 1p

The announcement from the 16th said the seller had c2m share left and since then over 1.5m have been declared traded, I do not know todays rules but in the old days market makers could hid trades for 3 working days in order to unwind the position.So maybe seller completed or simply does not want to sell anymore. DYOR

Yes. Might have cleared out the seller. Figures before end of May and last directors deal a buy of nearly 1m at these levels. DYOR

In my opinion worth looking at Save Money Cut Carbon's LinkedIn posts. Today's first line.

"The demand for sustainable technology is forever growing, and from this week’s projects at SaveMoneyCutCarbon, this is evident right across the country."

Any of the 9 site audits could be significant for Just Heat and the other projects are endorsing the growing revenue forecast by the brokers. DYOR

The comment from 2D in their announcement this morning makes me suspect that the importance of Sony has been enormous and that they will want to be heavily involved in the future.

"Finally, a special thanks to Antonio Avitabile from Sony Innovation Fund for opening the door to something that will change the future of optical communication for years to come."

DYOR

With thanks to Bomber on ADVFN.

"As the company is in close season for their interims due in May , it is fairly understandable that their broker , Cavendish , has only reaffirmed their forecasts this morning for the next 3 years despite today's good news

But they do confirm that this contract further validates the business model , and raises visibility going forward . Their revenue forecasts for the next three financial years to end September are £8m , £17m and £21m respectively with positive EBITDA being achieved for the first time in the year to Sept 2027 . Cavendish reiterate their 1p price target , which equates to around 1X Y3 revenues

It may be a tad early for upgrades in May with the interims , but momentum definitely seems to be going the right way ."

When the seller that has been mentioned here a few times in the last month is cleared out I think this will pop up. Best of luck all.

AGM 10 o'clock today in Cavendish's London Office.

If you want to keep up to date with how the company is doing I suggest following Save Money Cut Carbon's web page on LinkedIn

They do a weekly update on projects.

https://www.linkedin.com/search/results/all/?keywords=savemoneycutcarbon&origin=RICH_QUERY_SEARCH_HOME_HISTORY&heroEntityKey=urn%3Ali%3Aorganization%3A1871904

Regarding going concern, I have spoken with an AIM Nomad and the auditors are now looking for 1.5-2.0 times your annual cashburn or running costs depending on the nature of your business, ie, 18 to 24months of runway.

Also I suspect this selling is probably pre April 5th tax planning, remember that there was a significant fundraise in 2024 at 0.135p and not all of it was EIS/VCT. DYOR

Folks, the 2025 Report & Accounts were posted in February and, I would suggest, like 99% of pre-profit AIM companies, it has a going concern from the auditors. They have in the last 5 years tightened the rules considerably and do not even recognise 100% of contracted revenue.

If you remember 2007/8 and the Global Financial Crisis you should know that the "Institution" that took the most blame for incorrectly pricing risk was "Standard & Poores" now "S&P Global". They aggregate data and probably use AI. DYOR

Haydale are on Investor meet Company tomorrow.

Chazwalker and others, I understand your cynicism for AIM stocks and areas like Nano tech that has seen its fair share of snake-oil salesmen, but sometimes you need to dig a bit deeper and I would suggest that Haydale is one of those instances. We do not have the Report and Accounts yet but I would imagine that a considerable amount of the "Losses" are the writing off of the assets/businesses either sold or shutdown, these would be one off balance sheet events and not affect the cash or ongoing running costs. The 2 reasons I say this are that in December they said at the end of August there was still £1.9m cash, secondly in the presentation on their website and in the recent announcements they say that the monthly costs have been reduced by 70%, which I think means that they are well under £200,000 per month. If you then look at all the statements made since the changes at the end of 2024, other than the US sale which in my view was scuppered by Trump's Tariffs rampage and Boeing looking terminal, all other predictions have either been exceeded financially or in a quicker time. Just my views DYOR

Agreed Merciaman, especially if you read Note 8 of December 12th announcement re Directors and senior staff incentives and the warrants for salary sacrifice. They need to become profitable and accumulated £7m of audited adjusted operating profit by Sept 2028, I think that is way higher than Cavendish's reinstated forecasts and we are 4 1/2 months into the first year. DYOR

Also their website has the December fundraiser and acquisition presentation up, which I had not spotted before, it makes very interesting reading!! My key points from it are the vendors need to achieve the following "£3.2m (620m shares) contingent on the share price >0.96p for 30 trading days within 2 years

• £1.9m (372m shares) contingent on the share price >1.61p for 30 trading days within 5 years" which ties in with the senior staff, Executives and Non-Executives incentive packages of 1.35p, also says "Clear path to profitability from Q1 FY2027" ie q4 this year. DYOR