MrLofer,
" I am an investor and see great value imo in byotrol. "
If you see great value, why no comment on the fy results from you or the 4 who voted you up?
It's been several weeks since they were published.
The newsflow here is as I was expecting.
As you can see from the trading update earlier this month the cash went up from 15.9 at the end of H1 to 20m by September 1st. Is that enough of a surge for you?
Cash as of fy2020 was £19.2m, cash as of H1 2022, 18months later, £20m:
Administrative costs pa take up a significant amount of that cash £20m. They need regular contracts to keep going. £80m 'booked' over 3 yrs is not significant.
Despite the fact last year that the cash should build up strongly by Dec 2021, which it didn't..
"The Group is very well capitalised and was strengthened through two placings in 2020 raising a combined total of £17.9m (before expenses) and strong working capital management through advanced cash payments on major agreements. As at 31 December 2020 cash and cash equivalents were £19.2m. Cash as of end May was £15.1m, reflecting the expected release of customer prepayments in H1 2021, which should build back strongly by year end as we close contracts for execution in 2022 "
https://otp.tools.investis.com/clients/uk/open_orphan/rns/regulatory-story.aspx?cid=2484&newsid=1484078
Exactly.
"H1: Accounts receivable 13.3M vs accounts payable (ie incl prepayments on contracts) 23.7M vs cash of 15.9M"
If you look at their fy2021 cash position and compare it to H12022, they haven't had the surge in cash they were expecting.
The need majority of their cash for day to day running. They also need more regular contracts.
Too little, too late.
Why did he take 8 months to buy?
Given Mo has bought, there can't be any takeover news, major deals or announcements due, can there, as it would be considered insider dealing?
Housing market crash on it's way, as I was saying a few months ago.
The mini-budget has just made things worse.
In 1972 the govn slashed tax rates because of energy crisis (sound familiar). Inflation reached 20% within a cpl of years.
More mortgage providers pulling mortgage products..
Virgin Money temporarily withdraws all mortgage products
https://theintermediary.co.uk/2022/09/virgin-money-temporarily-withdraws-all-mortgage-products/
The challenges re staffing etc were mentioned in July.
They were also addressed in July in their presentation when they said that most of the contracts have inflation lifting clauses.
"Increased cost pressures including wage inflation and
increased energy costs."
https://www.totallyplc.com/application/files/7016/5787/9456/Investor_Presentation_Preliminary_Results_year_ending_31_March_2022.pdf
Take a look at Radium's and Tricky's posting history. They are completely clueless and have been proven wrong numerous times.
Radium
"Explain why higher costs (only part mitigated in contracts) will not reflect in lower net profit, lower margins (already thin)"
I see you're still posting misleading information.
The information was already commented on by the BoD in the July presentation. They mentioned most contracts contained inflationary uplift clauses.
As to Radium's agenda. Read the evidence for yourselves.
Read his 14th July 08.19 post. He was trying to persuade TLY investors to sell and invest in trmr, which he described as a 'no brainer' when it was 815p (in his post), whilst I was warning of the red flags, citing reasons.
Current trmr sp is around 300p, so his 'no brainer' is 60% down on the red flags I was warning about!! I sold trmr at 844p over a year ago.
He's bitter as he got it completely wrong on both.
https://www.lse.co.uk/profiles/radium1/?page=18
havealot,
"My small shareholding here was obtained on the Autonomy/Blinkx spinoff all those years ago. "
If you got your holding on Blnx spinoff (renamed rthm then merged with TAP to become trmr) then you would know that there is a long history of placings, questionable events, millions of options, court cases, industry challenges etc.
It's not a surprise that it has continued and is likely to continue.
ie, the Alphonso court case is ongoing..
You would also know that ex-autonomy/blnx execs are in US jail sentenced for fraud or awaiting extradition.
Sushovan Hussain:
https://www.google.com/search?q=sushovan+hussain+jail&oq=sushovan+hussain+jail&aqs=chrome.0.69i59j69i60.6161j0j9&sourceid=chrome&ie=UTF-8
Mike Lynch:
https://www.economist.com/britain/2022/02/05/mike-lynch-has-lost-britains-biggest-fraud-case
ex-Tap ceo:
https://www.investorschronicle.co.uk/shares/2018/12/05/taptica-plunges-as-boss-exits/
Given all the questionable events and history going back to 2007, why is it a surprise, 15yrs later?
As commented, the 3 yr exclusive deal with News Corp ends in 5 months.
Has there been an extension announcement made?
"The deal marks the start of a three-year partnership with News Corp which will equip Tremor with the exclusive right to sell outstream video on more than 50 News Corp titles in the UK, US and Australia."
https://unruly.co/news/article/2020/01/05/tremor-international-acquires-news-corps-unruly/
Curly,
"Why would you buy shares with so many red flags and such a supposedly bad history. "
That's easy.
As I said at the time, the shares were rising because ad tech was in a bubble.
The shares have a history of rising on bullish comments and falling on events.
Therefore, I bought on the back of the bullish comments by the rampers. I bought, whilst continuing to warn of the red flags. I then sold because of my conviction that the shares have a history of rising on bullish comments and falling on events.
I continued to state 'best to trade', which is exactly what I did.
Likewise, in 2017 with rthm(now trmr) I sold at eq 590p, whilst posting the red flags. I sold because of the results being the event.
Here's the evidence from my posts.
https://www.lse.co.uk/profiles/stt1/?page=3
I'm glad I backed my conviction.
One thing the rampers have missed...
Trmr have a 3 yr exclusive partnership with News Corp. The exclusive 3yrs ends in 5 months time!!... Has there been an extension announced..
Alphonso court case..
Amobee.
Rushed IPO
etc
etc
Best to trade.. 844p a distant dream...
;-)
"The deal marks the start of a three-year partnership with News Corp which will equip Tremor with the exclusive right to sell outstream video on more than 50 News Corp titles in the UK, US and Australia."
https://unruly.co/news/article/2020/01/05/tremor-international-acquires-news-corps-unruly/
DaddyAim,
There's nothing different to what has been happening at blnx/rthm/tap(now trmr) for the past few years.
I've mentioned all the red flags for years.
Just goes to show that posters should read the bull/bear points.
Where are the so called 'experts' Radium/1gw/Tricky/Eddie???
Where's yield_fanatic??
Gdog,
" They added Amobee, for which they no doubt paid FAR too much".
I said last month they paid too much. It was a rushed acquisition.
The rampers here were more interested in chasing off any contrarian opinion and instead preferred to entice newbies in..
Best to trade - just like my 844p trade over a year ago, which was BASED on my conviction on what has been going on.
;-)
There you go, all as expected.
Missed expectations, jam tomorrow AGAIN.
Read my previous comments, the bear points, the red flags. The company and sector newsflow.
I've always said the Alphonso court case was significant. I've always said the IPO was rushed because of the Alphonso court case.
Even Ambolee acquisition was rushed.
My 844p sell from around 14months ago is still significantly higher than the sp has been since then.
My eq 590p sell in 2017 (rthm, now trmr) is still significantly higher than the current sp.
ALWAYS BEST TO TRADE.
It's nice to have an investment decision proven right so conclusively by events. Read the company/sector newsflow.
MrLofer,
"This is now a balanced business with multiple revenue streams and not a pure manufacturing ( low margin) business. "
Are they? Where are the results then?
They should have published the results before embarking on a fundraising.
"The only people who made loads of money to quote you were the crooks who were selling alcohol based sanitisers with no medical accreditation. If you have sensitive skin or excema this is the only product and they were capacity constrained."
That's pure rubbish.
Where there's a demand other companies adapt and enter the market. This is exactly what happened.
Evidence:
P&G were 1 of the 1st to enter the market. The article below from March 2020.
Are you seriously suggesting P&G are 'crooks'? Seriously???
"Since January, we’ve mobilised teams to provide the capability to manufacture and distribute hand sanitiser in five plants around the globe. Perfumers in Europe used their chemical management expertise to develop and create their own Surface Sanitiser. Within three days, a multi-functional team assembled to develop, test and produce hand sanitiser with great agility. These experts shared their learnings with manufacturing facilities leaders to scale our production capabilities.
After obtaining an approved World Health Organisation (WHO) formula and recommendation for production, the team in Europe jumped into action to identify and obtain the raw materials they needed – the majority of which were already available on site. Within 24 hours, the first bottle of WHO Hand Sanitiser was produced in Gross Gerau. — Onofrio Caradonna, Europe Plant Shared Services Leader"
https://www.pg.co.uk/blogs/hand-sanitiser/
"If you have sensitive skin or excema this is the only product and they were capacity constrained. "
That's rubbish. They should have had a placing, appointed the supply chain manager and increased capacity when it was obvious there was a pandemic. P&G started in Jan 2020, where were Byot? They appointed the supply chain manager during the summer 2020, way too late.
As to Byot being the only product.
Again that's rubbish.
Evidence:
Alcohol-free sanitisers are widely available.
Just 1 shop, Superdrug (I assume you heard of them).
50p for 50ml bottle.
https://www.superdrug.com/skin/hand-care/hand-sanitizer-gels/rosdon-group-uk-ltd-alcohol-free-hand-sanitiser-gel-50ml/p/797188
or from Boots for kids and people with sensitive skin:
249p for 50ml
https://www.boots.com/nilaqua-little-hands-sanitiser-55ml-10232110
whereas Byot's is 320p for 50ml
https://www.boots.com/boots-anti-viral-hand-foam-50ml-10278907
So you're talking rubbish.
Mrlofer,
"On balance this was good news "
Why is it good news?
We had the biggest pandemic to hit the world in over 100yrs and it's still ongoing. The company should have made huge amounts of cash.
Yet the company needs funding so soon? That's very questionable as to why they didn't.
Why haven't they posted the results before issuing the loan notes?
Again, very questionable why they haven't published the results before any funding requirement.
Investors Chronicle:
Profit from an undervalued healthcare opportunity
This cheaply-rated healthcare services company is winning major NHS contracts.
https://www.investorschronicle.co.uk/alpha/2022/07/28/profit-from-an-undervalued-healthcare-opportunity/
Provides bull/bear points, diversified business model with breakdown of subsidiaries, opportunities etc.
They should have published a H1(June 30th) TU showing how the company is performing. They would have known salient details by now.
They could have published the progress of the Alphonso court case within the TU.
I think they've overpaid for Amobee..
$239m for this??? Really!!
"For the twelve months ended June 30, 2022, Amobee generated preliminary unaudited Contribution ex-TAC of approximately $150 million and adjusted EBITDA of approximately ($22) million, each excluding results from Amobee’s Email Marketing Platform"
ABU,
Where are all these contracts are for DiM ?
They've said spin offs are postponed. Why can't DiM earn any money without it being spun off?
Why didn't the company help with resolving the Polb mess up. It was a complete mess with some PIs waiting months for their specie shares?
I'm sure they are easy questions for you.