Member Info for Spadesandclubs

Some interesting new detail here especially in the text on SAW. If they had gained visibility by that point of not meeting the numbers in the market they have to inform the market without delay, so no choice on the update under market rules. Makes me think there may be news on contract wins that could’ve come and helped meet the previous numbers that’s drifted right. Be interesting to see if the Directors start to buy, if they don’t I’d suspect there is contract news coming.

Actual cash was up though. Given the investments in technology and equipment that’s a good position to be in, the equipment purchases aren’t recurring and should be productive to increase revenues. Historically the business has not had an order book, a key objective spoken about has been to develop that and the fact that it now does is also a good sign. That order book is also just for the 2 divisions and excludes the itrack income which the will have a very good handle on. They’ve also done a share buy back in the last couple of years and are sitting on a decent chunk of treasury shares.

Tiny volumes today

There’s no cash call coming, the business has good cash flow.

They’ve made a very significant investment in machinery the last few months and used some asset finance, which is normal it wasn’t a refinance as you claimed in an earlier post. The costs have been well controlled.

The 2 business units are growing and have huge potential for really explosive growth probably. SAW in particular as the development projects progress to production.

TF, the business is profitable, has decent cash reserves and balance sheet. The team has done a good job here over the last couple of years.

Laura, there won’t be director buys till after the interim results presentations (Closed period) so the buys are someone else, who also thinks there is a good opportunity here..

Indeed, a great buying opportunity with the potential for a decent multiple in a relatively short window of AIM ever wakes up, or it gets snapped up.

Great set of results today, wondering if this might reverse the drift?

If they continue to grow like this, I would wager they won’t continue to be on AIM for long.

You were right, out this morning. That’s a good trading update.

Really significant announcement IMHO, to get revenue from the sensor business they need to be able to supply components at the right cost, quality and for aero/defence security level. Even before Trump mk II, usual supply chains for electronics of China/Asia etc were no good.

Director then buys pretty much immediately, which reinforces my view.

At the last results they talked to a number of active projects over 15 with a few less customers, in a nice mix of industries. So some customers are running more than one programme with them.

Some with long development timescales like aerospace but very demanding requirements, multiple aerospace programs with several different major’s speaks volumes.

Interesting to see if any of the projects in other sectors take off more quickly, pun intended!

Robotics in particular is hot for innovation, the tech is at a point where mass deployment in some applications is within touching distance…

There must still be some overhang from seller(s) who are releasing at or around this price level so the price isn’t being bid up.

I agree feels what a strange comment, if that was 1% of his spare money it shows a lack of confidence if that’s 100% of his money it probably shows a crazy amount of confidence. And the OP has no idea, decent sum of money for anyone. Buying on the day of a significant announcement tells me that is a really good sign.

Of course there are only 3 months left of the current financial year, which for a project like this is not unreasonable. Hitting next year with the contract running will be great.

That volatility being a function of the inefficiencies of the market than the co. Lacking an intermediate market here, sells too small to interest an institution and no one aggregating them, creates buying opportunities if you can take smaller blocks

Aren’t these out of hours trades, usually market makers levelling positions or transferring accumulated shares onto a buyer. The mechanism it’s done by gives no info on buy or sell because it’s a transfer? Happens on all shares.

Great news this week on TRT hoping for good interims news next week too after the recent price weakness on no news.

Agree, very good update in amongst the current general doom and gloom!

Been quite a build up in anticipation of the results, probably people in the market to buy were trying/doing anyway. Availability here is super tight, I was trying but couldn’t secure.

Transense produced a video outlining some of this (go to whitepapers on the Transense website) they presented at a conference, consultancy they worked with Drive System Design has also presented the results themselves. Seems credible.

I was in SED luckily not too heavily as something never seemed quite right, here the management seems very different the “Mavericks” podcast was excellent very open, thoughtful very different to SED

Not a lame comment in sight, only 185, wow

And another!