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Agricore
You are never rude. Always considered and support your arguments with stats.
CM’s assertion of hysteria less considered but my wife may get along with him
My point is this stock moves on small volume
20,000,000 extra shares
Today 80k traded and down 6%
If 5% of the 20,000,000 want to sell then high teens is a possibility
The price is not reflective of value… never is I suppose whether positively or negatively
Highs of 145 plus when there was no news and lows of now when there is huge news everywhere
This is all about production
And then getting money in.
The company does enjoy a jam tomorrow feel and less what we have done today.
For example. If production was good in October you would like to hear a ‘1500 produced and tested in October’ ‘1900 manufactured in November’ so that we know the factory is churning whilst board members work on future proofing finance
Jan 2023 update
By 31 December 2022 the Company had shipped or received orders for 2,850 X-PLOR units with 1,226 units being shipped in 2022 (2021: 377). As at the year end, the Adjusted EBITDA1 loss is anticipated to be in line with market expectations and retained cash balances of $1.8 million, which together with inventory and inventory deposits, amounted to $11.9 million.
So 2850 done…. 1200 of which 2023
So 1650 units or so 2021
Revenue $1.54 million… on 1600 units… not profit… revenue
Financial Highlights:
· Group revenue of $1.54 million (2021: $0.42 million)
· Adjusted loss from operations of $6.2 million (2021: $4.2 million)
· Basic loss per share of $0.07 (2021: $0.06)
· Net Cash as at 31 December 2022 of $2.04 million
· Inventory and inventory deposits at 31 December 2022 of $10.8 million (2021: $1.8m)
Doesn’t add up. Unless they reduced it 50%… which they stated that they did reduce first tranche
Anyway…
The company has money. Has inventory. Hopefully useful inventory.
They just need to produce and sell and throw 10% at r&d for Discover-r+…. The next model😎
It is a few steps up a huge hill. Production…. And sales are what drives this. All other good news flows freely. But not production and sales
They have a habit of telling us how ‘well received’ things are. How things have ‘exceeded expectations’.
Just numbers now please. Not words. How many made. How many sold. The new rental just tells me there are many xplor sat somewhere unsold.And so they have an idea as to how to offload them!
By 5pm we will know if deal is on or off. Whether they have squeezed more out of it. With the money they have a chance to do something with the company beside ‘exceed expectations’
Fingers crossed to you all
My point is
The time to rent , hire, contracts, affordability checks, delivery, collection then supported legal bits when people default/don’t return
All takes time and money. They have 6500 unit’s ordered. They have not yet been produced/manufactured but they are now looking at ways to offload more units via rentals etc
Perfectly fine to maximise sales. Maximise everywhere
My point is you have stock for rent… they aren’t being bought!
I thought rationale was sound
Nothing of note here. Not sure it was RNS worthy. Just an update on numbers produced so far and how many out door. That’s all we need.
Not sure why you would waste time and money on this program if your stock was selling! If you had stock sat there doing nothing then yes….
Seaman
We have to accept that there is a big seller out there. I promised myself I’d sell some at 48.
I sold some at 48 but not from correct account. So I bought back within the day and actually paid same price which was handy!
Next day I went to sell what I promised I would. It was under 46. So I got angry and waited!
In fairness I would have bought back at 36….
This sell off started after results and has continued constantly. These people have the phone direct to the company. But so do those invested at 32p…. One is right one wrong
We hope we are right
I will set 48p target again! But only for those I bought at cheaper price.
My main holding is at 96p I think
I’ll take £1.50 takeover today mind you. I’m not a greedy man.
Hopefully November has production update. I suspect Paul from vox will try interview. He has loads… and you know that by how pale he looks when he talks the company up!
What we would like to see is 1600 made a month and QA’d. Out gone and hopefully come one could pay for them this time!
This is their time
Only they can c&ck it up now
Zero TMT trades. Post results it’s been clear someone is clearing out
They still selling
It’s now about making device and good quality
And good quantity
Someone large is getting out. But not us
Whilst prepping food I wondered whether there was an issue with the device!
No evidence at all other than delayed production without notification. The units due to be shipped in December 22 seemingly haven’t been paid for if they were shipped. Production didn’t stop until much later.
Price dropping suggests something serious is amiss
Seemingly waiting for China before full power down so I ask whether the device has an issue. Hence the delay that warranted production stopping and not really kicking off with anything close to full output
Just a thought. I’m not talking to the wife so it’s you or the dog and he looks like he heard enough