back in MPAC 3.54p .....initial target 400p
after previousy hitting 3.90p target, all indicates new high's ahead of 400p+ .
We start again from a price point of 5.4p today, as stated earier there is always a vaue price point and I would suggest at £40m mcap 5.4p should be regarded as reasonably cheap. For those who expected a profit for the last period I get your dissapointment but as mentioned in previous posts some weeks ago that expectation in this year of all years was probably a little high imo, however, we all have different views and that is what makes a market. So as one who is not dissapointed and see's growth ahead in the sp the list below provides opportunity for greater value in the sp going forward as growth does evetually lead to profits, although as stated many times, profit is not in itself a driver of greater value in the sp, many other aspects add value etc.....
Strong momentum from Consulting value stream
o Follow-on order worth at least £5.0 million from Army HQ for consulting support for its multi-billion-pound transformation programme
o Signed an extension to the European Space Agency ("ESA") framework contract until December 2022 and secured the first tranche of orders worth c.€18.0 million
· Establishing 'clean gas solutions' revenue base
o Carbon dioxide solution contract worth £1.0 million with South-East Asian customer alongside Oxygen generation devices contract worth £1.0 million
o Carried out performance trials of clean gas production technologies
· Ongoing geographic expansion
o French office opened to support existing customers and to address Group-wide opportunities
o Contract signed with a German customer worth £1.7 million for innovative mobile computing devices
· Strong Digital Solutions contract wins
o Five-year contract to supply ECLIPSE project management software to Airbus UK
o Initial contract worth £0.3 million to develop an Artificial Intelligence ("AI") solution to optimise critical equipment in the energy sector in the United Arab Emirates
Current trading and outlook
· Acquired Osprey Consulting Services Ltd., a business focused on safety and mission-critical airspace management and regulation in the defence, space and the emerging urban air mobility markets
· A strong start to H2 with multiple significant orders secured, including:
o c.€9.0m of additional work orders secured under ESA framework contract
o c.£1.0m Hydrogen system contract
o c.£2.0m extension to MoD consulting contract
o c.£4.0m orders to supply MoD with oxygen generation and carbon dioxide removal devices
o Signed a three-way hydrogen fuelling partnership agreement
The Group remains well positioned for future success
Hi notaflipper, thanks for your comments, at this stage with low volume you mention it would be typicall of a recovery stock , equally we have a brake on progress as our 'seller' needs to clear to allow a free running sp, not uncommon when mkt cap drops to these levels...the wide spread is narrowing as discussed and is a price we pay for early position, however, providing we are not looking to sell on a 4% gain in sp that is no issue, as trading volume picks up as seen already the spread tightens quickly, so in itself is not an issue witha target price considerably more than current.....volume will be affected by the aforementioned seller as many will try to judge entry before he is finished, a good trick if you can judge it...once the' brake' is off vloume will clearly increase as the potential and awareness grows, the sp clearly can jump very quickly as the small free float that currently works against those invested will become to our advantage ...the undervaued nature of the business has been highlighted by others too and with potential new contracts on the horizon etc imo it is a classic position, patience and let the value come to us situation...I'm not expecting rockets in the next week or so but over the coming next few months a steady up tick before the mkt fully cottons on...I'd prefer a steady and gradual sustainable rise in sp rather than quick spikes..the higher valuation of the business will eventually out imo and it is clear to me that an sp substantially higher is ahead at some point based on those figures :-)
thanks Echo , you'll know I like a recovery stock , was not in a position on the lsst drop to secure stock, however, current sp appears to offer very good value from here, looking forward to the next few weeks and months ahead :-)
new holding ALM
Hi gents, I'm in today loaded a few tranches at 40.5p....like the potential growth and particulary the current under vaued situation ..a clear recovery stock :-)
simply great potential from a greatly undervalued position ,
Kromek has now started delivering an (OEM) contract worth £45m to provide state-of-the-art medical imaging detectors. KMK revenue is now back to pre-Covid-19 levels, the 40 per cent share price discount to nav of 13p should reverse with their huge commercial opportunities
one to consider on a quiet day for markets, Cenkos note 'potential doubling of sp' & Investors Chronicle stated 'strong buy target 100p'..looks good to me
morning Stokey...I think there is, however, it's not the only driver in an sp as i have stated many times, however, it is for each of us to decide what and why we hold or purchase a stock ..I did nor buy stock here at 5.5p a few months ago expecting a profit at this satge as per previous posts as I see further growth as a driver leading to greater sustainable profits in time, not yet.
thanks a4007035...because folk share different opinions does not make them deluded and that's what makes a market.....some will sell and some will buy at different times and prices and for those who were expecting or theri only 'driver' was TPG making a profit in this particular year, as I stated in previous posts some weeks ago it is not the aspect one should be focusing on at this stage.....now who is deluded ? good luck with your investments, stocks and shares is about us pi's against the market not each other .
nope, stokey, there are many ceo/directors who but shares in 'their' companies (and although I get the skin in the game bit) it is a bit of a misnomer . Look to D lenigas, R Poulden etc tec who buy large % of 'their' business yet they consisitently under perform and sh's get diluted....the dark arts of reducing a holding is well known among directors etc....so i get your point, however, if directors buying was a key factor everyone would do it, inflate the price etc etc....this stock market game is not so simple as we would like...I take it you are no longer a holder Mr Stokey or do I mis read your dissapointment this late into the evening ?
Hi dactions, I don't think I alone can keep a share price up, lol..be nice ....however, all I try to emphasize is that a market is made up of differing views, I can envisage a point from here where the sp will be significantly higher, it has been before, so there is always a price point..equally if we all had the same outlook we'd all buy and sell at the same time etc...it's what makes a market...I get the dissapointment of some, however, the world has a pandemic, TPG are still securing wins, contracts and is in a good position...there are many profitable companies with a falling sp and profit is only one small factor amongst many that add value to an sp :-)
nope confidence looks good to me going forward ...right, that's that out the way, and breathe, tomorrows another day :-)
.Order intake up 13% to £35.2m (H1 2019: £31.1m) - a strong performance, overcoming commercial constraints arising through the COVID-19 pandemic
• Closing order book £64.4m (31 December 2019: £56.8m) - provides good visibility and continuity for the business
• Established a new £7.0m three-year finance facility with HSBC Bank plc to support investment in future growth opportunities
• Cash balance, net of £7.0m drawn down from HSBC bank facility, £6.8m (31 December 2019: £6.6m) - strong working capital performance