The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Oh I agree the BoD won't buy any. Why risk their own cash when they get a decent wage whatever happens. It just shows no confidence in the future.
The closed period should be over now the results are out, let's see how confident the BoD are in the future with some director buys. Other than a contract announcement that's the best thing to give this share a kick up the arris
Also, how are they confident that the remaining £1.8M is sufficient to last the next 12 months after just burning through £2M is the last 6. They have barely any sales or little to no products to sell.
What major chemical firm In Derbyshire are NNN working with? Any links?
Don't think BUYTHEDIP is the best advice with this one just yet
Duffers will 'catch covid'before the AGM and be unable to attend no doubt
So cash as of 31/12/21 was £3.8M, today its £1.8M. £2M in 6 months
2 RNS released. New directors as well
Just a heads up about the annual report due tomorrow, last year the RNS wasn't released until 3pm, with the report itself downloadable from the company website shortly after. The year before was a 7am release. Going to be a busy day here methinks.
The last update regarding contracts to do with plant feed side of things was 21st June last year, the £80k deal UG mentions below.
https://www.lse.co.uk/rns/RMS/new-hydroponics-agreement-srh3dep6c4u5z8y.html
Dragline, you need to direct your anger to the BoD. The sp is where it is entirely down to the actions / inactions / incompetence of the BoD.
They forgot to add giant marrows and phallic-shaped carrots to their list of potential industries. NNN could have the village fete market sown up this time next year.
It was just a wish list of ideas knocked up by Cave and his students to deflect from mask production being binned. Probably made that list on the back of a beer mat in the students union one afternoon.
PI, I admire your confidence in Muffin. He needs to get a 300%+ rise in the share price to get anywhere near his 1p strike price from current levels. With his current performance I wouldn't trust Duffers to run a bath, let alone a business.
I wonder if the 8 markets sectors identified for development in the November 2021 strategy update are the same as the 7 identified in the latest June 2022 strategy update? The November 21 update also mention renegotiating existing contracts, including the one in India with VKE. At least we can draw a line under that now we know that mask manufacturing is being written off.
November 21 Strategy Update
https://www.lse.co.uk/rns/NNN/strategy-update-klgmq5bvrcn2hnd.html
June 22 Strategy Update
https://www.lse.co.uk/rns/NNN/strategy-update-nw2hmtvyaijpxb0.html
Let's hope it's a lot more successful than 10-9. Has their been any further sales of 10-9 other than the £80k for 40000 litres announced about a year ago? Can't recall anything being RNS'd
The mask didn't go on sale until a few months after the vaccine rollout started, plus it was ridiculously way over priced for the type certification it had. Mask never stood a chance.
Recovered a bit now 18% down
That seems to correct on market open
Little to no income for the foreseeable and what stock they did have now written off, the results in a few weeks will be interesting. Fairly certain yesterday's gains will be wiped out and then some. 0 2s here we come