Member Info for threeputt

If it is then there's blatant illegal insider trading goes on

Wouldn't be expecting anyone to be 'celebrating good times' here anytime soon

(The young ones might not get that one)

I can assure you that I for one am not "loading up", quite the opposite

Agreed.

Kinovo had similar legacy issues at DCB, behind them now but the costs and accruals kept mounting up at the time. Sp here (SFR) might recover a little but my fear would be that there could be a nasty update at any time with a report of increased cost accruals on these bridges.

JG68 you forgot to include the latest phone upgrade. I live with my brilliant laptop and a luddite 20 year old mobile phone that costs me £5 a month in charges and does me fine, my missus is forever handing me her Samsung to fix a problem with it, no thanks

Chance of an offer being made down here, cash in the bank often helps

Past is past

$18.5m contracts wins this month alone, as well as recognised approved supplier status with the Crown Commercial Service

Acceptable surely with £3m of cash on top ?

You seem to have a serious beef with this company

On the basis of the interims it still looks very cheap even if the second half doesn't materialise as expected. These statements from the interims (6 mths worth) are prior to the budget of course but nonetheless they were made with the sp at 5.05:

"pbt £4.64m, cash £22m, deferred projects restarting, FY24 profits are now expected to be ahead of current market expectations"

With a current mcap of £56m and cash of £22m there would have to have been a loss in the second half to make that appear even only acceptable and they certainly weren't expecting it from their bullish outlook in September.

I can only continue and have every reason to hold or even add on that basis, but I respect the fall in the sp might be some insider dealing awareness of something awry going on

"The second half weighted trading performance of the Group in recent years has typically resulted in an expected cash outflow in the first half of the year. The operating cash outflow to September 2024 of £1.3 million remained flat YoY.

The Group retains a healthy balance sheet with cash held at 30 September of £3.0 million (H1 FY24: £2.2m). This balance has remained at a similar level since the period end"

"the Group's trading for the full year is now expected to be moderately ahead of the Board's previous expectations"

Or a Reliant Robin

For 1% ? I doubt that

That's right he's branched out on his own

I'm gonna stick my neck out and call this a pretty hefty shake, if you look at other risers eg Rolls Royce they all get these large pullbacks. Fortunatey I've traded a few recently which leaves me only slightly down on this particular tranche having taken the gain from 97 to 234 (sold too early, bought back in higher)

Them boots must be pretty worn by now, more cost

This will get booted out of the ftse 100 towards the end of Dec and the review is made 4/12

See this link, it's never wrong and I suspect the tracker funds will start to dump after that review if not before

http://www.stockchallenge.co.uk/

Always a chance of another poor update in the meantime

Tempted but not for me

Sell

I last reviewed CMCX on its H1 TU dated 9/10/2024 where it specifically guided c.£51m PBT. Actual today is slightly lower at £49.6m. So that’s a slight miss against the recent update, which is a little surprising - it’s customary to keep a bit back, and have a small beat, not a small miss. This is 12.8p EPS achieved in H1, which as I speculated last time, leaves the 20.8p FY 3/2025 broker consensus looking very unchallenging indeed. Profits can be volatile due to the vagaries of market conditions. Outlook comments sound in line -

I imagine it might achieve anything between 20-30p EPS for the FY 3/2025. So at 291p/shares, that implies a PER range of 9.7x to 14.6x. Considering that CMCX also has the benefit of £380m NTAV, very secure balance sheet, which supports almost half the market cap, then I think this looks decent value still. I’m not sure why it sold off this morning, we seem to be in a market where people are jittery and bank profits on in line updates. On my quick review, I can’t see anything wrong, so I’ll stick with GREEN.

So basically the market has had a bit of a strop because they didn't beat expectations. Once it's had its sulk it should see the plusses here

The sell on news brigade. I sold half and bought them back at 316