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All 3 interviews Angus did yesterday clearly shows the direction of travel
The key metrics are very strong here
Forward revenues up to £2.9m
Sales pipeline up to £5.7m
Contract renewals 96%
Recurring contract revenue 125%
Gross margin 92%
Current MCap only £6m
No warrants or CLN’s so simple clean share register mechanics
What hit home was he said the first Govt contract they got was £50k 2 years ago. The new contract this week took it to over £1m
Cash from govt contracts is the best money to be gaining
He is expecting more uk govt contracts and he stated they are looking at opportunities within different govt depts
Now has 3 new contracts where is expecting further opportunities just like the growth in govt contracts
There are 5 US partners & he said they had about 10 US clients but only scratching at the surface. This is a huge opportunity
SaaS companies business model are excellent & multipliers for valuations are strong anything from 7 to 12 times
Becoming cash generative in Q2 within 12 months of the RTO is good news
Sounds like there will be new contracts announced this month and Q1
Think shareholders will be pleasantly surprised as this moves forward
More expected sales growth before 31st Dec signalling more news in the coming days
MCap £6m revenues £2.9m sales pipeline £5.7m gross margin 90%
Now have 5 US partners which is great news as that’s where the huge market is
Cash called sellers look to be done after dragging this down from 10p
SaaS companies value multiplier makes this a great growth investment opportunity moving forward
Only 121m shares & great mechanics with 60% held by BOD’s / TR1 holders
Technically oversold as the fundamentals just get better
The big news is it’s planned to be profitable some time in 2024
Re rate looks to be in progress
Oversold from 10p
Share to watch for 2024 imo
About 60% of the shares now owned by the BOD’s / TR1 holders
Way oversold and illiquid shares tend to drift overtime on low volume and then move back up quickly on news and with buyers
This story is only at the beginning
Follow the money
UT trades at 9am and 11am of circa 720k
No UT trades at 2pm or 4.30pm so looks like a very odd one off trade
Can sell 1m shares all afternoon so MM's happy to buy them of you
Only 1 retail trade sell today and that was it, no sellers at this level of any note the past 2 weeks as we know
Gap on the chart will get filled.
Only 2 MM's at 6.50p the rest are at 7p and 7.5p
Todays low is a higher low than Oct so all playing out
All a storm in a tea cup
Keep to the facts and read the RNS's, the rest is just pure rumours and blather
Fact is the gas is being produced and the cash is landing monthly in the bank account
SP drops 6.75p from yesterday afternoon to 5.75p this morning on a £20k UT trade of 350k shares at 8am or MCap drops £2m lol
Anyway all gaps on the charts get filled and ticked up once already this morning
277k buys vs 350k sells so nothing to see
At it again today
4 x 100k and 1x 200k buys
Aug, Sept, Oct all ended with higher highs and I expect Nov to do the same
I’m really surprised more people posting on this share don’t buy as it keeps going up month on month
Gas is the transformational fuel and is at historical high TTF prices and will have high demand for the rest of
Good for you Island - all the chartists say it breaks 7p then 10/11p is next stop
Zak also said it by end of Nov so it’s nothing which isn’t in the wider arena
Fundamentals are so solid i just see true value being delivered and 15/20 region moves it towards the broker note
I’m invested from 1.5p and happy to hold so I’m in no rush
Yep 7p will go
Can only buy 100k shares at 7p so nothing in volume on offer
Its all academic anyway as will be circa 11p by the end of Nov and 15/20p by year end imo
Looks like impatient traders or investors with short time spans are missing the point here
The trick here is the current SP is only valuing the selva first production well
Deep pocket investors understand the mid to long term forward pricing of the assets and it’s all about this.
In the future they won’t care if they bought at 6p,8p or 10p
Huge 6/7p base being built
These shares won’t be here for long and once they are gone they are gone
With ££’s landing each month it’s just a simple low risk investment
Great time to buy before the here turn up and then it will be too late
MCap was £2m when the SP was 1.5p and the MCap is now £19m 2 years later
Just patience needed, lot of rubbish spoken on here which is down to ignorance, poor research or just pure under handed tactics which are a waste of time
🥱 Usual irrational tripe
BP pay one month in the rears
eg. Oct Gas is paid end of Nov
Its all in the RNS's
Current offers are
50k 6.75p
then a few more 6.85p and above so no volume
All depends on how many shares you hold I suppose, as I said if it works for you then fine
Only 100k shares traded today so all meaningless really looking at daily swings
Factually you are incorrect as when it went to 7p last year it then went on to 21p which was pre Italian production
As I stated the SP is ending each of the previous 3 months on higher highs and the volume has fallen off dramatically and is at a 12 month low post the large profit taking March - July
The share register mechanics have now righted themself, there are no warrants and the CLN’s have been converted.
The company is self funding for the future 3 shallow look a like wells so no more dilution
At €50 TTF & 72k production before ramp up that’s about £13.5k daily revenue or £5m P.A. When the other 3 wells come on line plus Spain the current Market cap is not representative of this
The broker note of 21.5p consists of 6p just for the selva first well thus discounting all the forward revenue / assets
Either the MCap increases or the company will get bought out it’s simple imo so based on that my logic is the SP will increase from here
This has changed from a risk play to a reward play now and the market will pick up on this
PVE SP is not linked to just selva as they have other off shore assets and don’t have other income like PXEN does from Spain so it’s not a simple read across and PVE SP is actually up 5% today
If you look at the technical resistance levels, MACD, RSI, daily, weekly , monthly charts I think they are looking strong with a BB breakout on the cards
There is no doubt 7p is resistance but that will turn into support. Yesterday there was 100k, 200k, 150k buys demonstrating this
We will wait and see and I wish you well making money as that’s the name of the game
GLA
July SP 6p
Aug SP 6.25p
Sept SP 6.75p
Oct SP 7p
Nov SP ??
Risk being replaced by cash and reward
Big sellers have moved on
Think we will see 10/12p end of November
Now have 3 MM’s on 8p
Good time to start the share buy back programme Mark mentioned earlier in the year as one of the options to use the cash for
Certainly is not punt money