Member Info for threeputt

Lorenzo "increasing revenue is absolutely imperative".

Goes without saying, isn't that the same for most business and why companies pay big money for good leadership ?

I see here a company that has steadied the ship by managing their costs and managing their margins, reducing stock where necessary to alleviate cash flow, and now looking to improve sales growth. That is good leadership

Been on my watchlist for quite a while, missed the bottom of circa 15 on the trading update but bought just under 18.50 a couple of days ago. Glad I did

By who ?

If that's the case Laura report the post and tell them this is a previously banned poster and advise the previous moniker, they will often remove the offending account

Haha Laura, just looked in, nice way for someone to lose over £200 in 3 hrs lol

Wouldn't the directors have bought shares if they thought this was overdone ?

Got to concede, must have taken some time building those FallingKnife, 4 hours maybe ? I like your approach though, definitely some clever spin on some of the terms used, quite the Master in fact.

Gimme time and I might be able to lob up a few more but I feel I'm getting thin on the ground, pretty stymied in fact, so I'll have to leave it Open to you before I get the thin end of the wedge and get blocked , so I'll keep a low profile and quit while I'm a head your honour !

Great to see DCB resolved.

I particularly liked this bit:

99% of the three year visible revenues are recurring

£69 million of our three year visible revenues are anticipated to be realised in FY25

Personally I don't expect the contract to start on time, it's just the way with these things imo. Hope I'm wrong but I think a small delay is already built into the price anyway, this is a long term deal that's not yet been given the credit, maybe the market wants to see the margins and actual revenue before deciding

LOTM, you can fill your boots now, no problem buying 4m

Sell on news, stop shouting !

Oh dear, prepare to be delugued !

Not that old chestnut again !

it was 1.5p with far less shares in circulation

"Being a shareholder obviously entitles you to take part"

only if it's an open offer

It's not rocket science !

"Cash at bank £0.4 million (2022: £4.3 million)" at December 2023

Yes they sold part of their head office for £0.65m in Jan 2024 but not nearly enough to get them by

Well I wouldn't buy it if they were losing major customers, would you ?

Guilty of feeling FOMO as I'm sure are others and wishing I'd bought short term after restoration, have to keep reminding myself of this section from the t/u tho:

"senior secured noteholders have made a proposal to provide further credit to the business of up to US$300 million, comprising US$200 million of new funds and US$100 million of credit support to help secure performance guarantees for certain of its existing contracts. This non-binding proposal is dependent upon, amongst other things, the Company securing these performance guarantees, and would require the conversion of a significant proportion of the Group’s existing debt to equity"

If this doesn't happen I'll be amazed

What I'm struggling to get is why restoration was today instead of when the accounts were released to the market, most restorations I see when there is a delay to the account is on the same day but here was a further couple of days delay. They surely wouldn't shaft new buyers ? I'm not in, too damn risky, but puzzled nonetheless

Yes they do but they have to wait forever to get the payout when that profit can be put to better use

The market would have to know something we don't for a rise out of nothing, I suspect your logic with the short is correct.