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‘Thirdly, as previously announced, the Group is pleased with the commercialization of its Ditch Lining water management system during Q4 2023. We are gathering performance data and will be updating the market on its sales pipeline during Q1 2024’. From Yearly update
We are missing a promised update and get the feeling an update on Salesforce costs would not go amiss and of course proof that the investment strategy is paying off. There was also a mention of investing in their online presence boosting investor relation and communication again I think investors would quite like to see this too!
I am confident in the company but the updates and PR need addressing.
Exactly what I just tried to post about but my message got wiped!
Maybe the missing piece of the puzzle I was looking for. This apparently has been in the public domain since 4th April. I think considering the timing it was remiss of GMR management not to officially call this out in writing or via the presentation. Maybe it is all played out but a level playing field would help!
Still the sales going through but although sales outweigh purchases over the last couple of days the sp stabilised. Not sure why or what is next but until the lumpy sales stop there will be no rise back to mid 30s
‘Going in the right direction’. Good god your glass is three quarters full!
Surely all those stating this company is worth £75 are falling over themselves buying more….erm not by the looks of it.
And yes I am invested here but the hope of an unscheduled update is slim. Even in the regulatory filings when they state we will keep investors updated they never have. Hoping for that RNS one morning…..
Even though we had an up day those late reported trades are not a great indication that there is a change of fortunes here. A fund or director is indiscriminately dumping but the big question is why?
On the bright side it doesn’t seem to be on company fundamentals, nor at a macro level due to sentiment in small caps, as the move to lower rates only makes the sector look more attractive.
I am hoping for a holding RNS on Monday and a cessation in the delayed reporting of trades trying to cover the sells. Unless there is a major regulation change on the way or some reason for Slingo’s run to stop I can only say the company still has profit growth well into 2025.
I spotted the pattern early and maybe should of traded but with a lot of things hindsight is great. However, barring a market revalation I think holding and waiting to be the best strategy, although a top up is an option based on the disappearance of the late trades.
Good luck. Just remember in a years time the cash balance is predicted to breach £15m against a current mkt cap of £87, plus EBITDA just below £10m. Those figures make a mockery of the current sp.
Wow some more big trades going through. A rather disorderly way to scale back holdings. Not the most professionally run reduction. Doesn’t sit well.
There is most definitely not a fund raise around the corner and no hint of adverse news in the presentation yesterday that made brief mention of future trading. Thus if not based on company fundamentals it is a matter of patience. However, there is a slight red flag for me as to the rather underwhelming communication by management and the rather unconvincing answer to a question as to what to do with the cash pile. Surely they have had plenty of time to communicate a clear strategy rather than listing all the options and saying they were thinking about next steps.
Oh well the wait goes on.
There must be something out there I haven’t seen. A tip to take profits or a fund reducing. Frustrating on the back of good numbers but it is always good to be aware of trade momentum and currently it is concerning. Anyone any info?
Just to add I expect rate cuts will hit mainland Europe and the UK ahead of the US (unless Biden has more underhand influence than I believe). This may well give a boost to small caps over the ‘scary’ summer months. It is definitely been my intention to roll an increasing amount into the sector. Fingers crossed
This share became very popular with a more speculative section of investors. Along with a credible growth forecast and extreme illiquidity due to the very small amount of shares in issuance this lead to significant sp movements. These movements attracted others and a race to the top ensued. Suffice to say it wasn’t sustainable.
However, fundamentally this company is on a very solid footing but maybe both growth expectations and profits were not matching the top market cap. Recently, in my opinion the 2 year investment plan to integrate Sales Force software and build a central hub to both allow cross selling opportunities through connected data gathering and to train more technicians is a bit behind schedule which has adversely impacted market perspective. The investment has not really been showing any tangible results and some have lost patience. But with that road finally coming to an end by the latest June I very much believe we will see the benefits and rise in market awareness in H2.
This share moves rapidly and consistently upwards and downwards. £3.20 is the low baseline. A tick up today should see momentum build this month (depending on wider market impacts). The market place is potentially huge and the savy might just begin to believe that the investments will bear fruit. The CEO is very astute if a little quiet. Targeting a lot higher and confident this will play out and reward those that recognise the value inherent in this company’s present position
I may of mentioned areas of improvement and negated to point out the obvious virtues of this company.
They have a ‘lift and shift’ approach that is low on capital costs and high in margins. The increasing customer base and country scope with relatively fixed costs will enable GMR to churn out the profits. The only question was how to utilise them best and the vision for the future. If the official figures result in a 7% drop then I am at a loss to say why.
Camcorder turned out a very positive note today. The company simply needs to voice a clear future strategy based other than that there may be sellers remorse in a few days. Let’s hope so.
To be honest I think investors were looking for more and GMR are not recognising a need to push the boundaries. The figures were as per earlier notification so that alone was not going to get the sp to jump.
What I wanted was a vision of the future. Is there an over reliance on Slingo? What else is in the pipeline?
Have they considered a US listing? Have they considered dividends? With a projected profit of £9.2m and cash balance of £15m next year there is nothing gained by leaving the money static - invest, innovate or distribute.
The down sides are the admin costs and wages and one look at their linked in page makes it look at good place to work and get an opportunity to travel but maybe not so palatable to investors.
Maybe a bit harsh but some truth in the above. They are growing both geographically and client wise but get the sense the market is awaiting something extra. Holding and awaiting analyst reports. All depends on the ambition of the directors