Member Info for threeputt

I've worked out that you must have £100k in here. Tekkers, it's not an amount I'd personally like to risk but based on the rise I would be holding

Indeed but we know exactly when the newsflow will start up again.....

And that update said

"Outlook

Without accounting for additional works crystalising from Kinovo's pipeline as the Group enters its peak trading season, revenues for the year ending 31 March 2024 for continuing operations are expected to be approximately £65 million (FY23: £62.7 million), reflecting a different revenue mix of projects contracted to date, with electrical services continuing to perform strongly. Adjusted EBITDA is expected to be significantly ahead of last year (FY23: £5.5 million) and not less than £6.2 million, being in line with management expectations. This demonstrates the Board's continued confidence in the strength and resilience of the continuing business and its significant growth potential. Cash balances will reflect the aforementioned costs incurred and the outcome of any potential recoveries from the DCB projects, supplemented by cash generation from the continuing business."

"the Board continues to anticipate the outlook for the full year ending March 2024 to be at least in line with that provided on the 9 February"

I've added

Just as well its one of my long termers, I feel the main business will do well but oh these legacy contracts. Still, almost done & dusted now. " recovery of costs incurred as a result of works that have not been performed to a reasonable standard". Poor British workmanship ? surely not !

It's not great in terms of skulduggery and has put me off investing here for the moment, not that far out though ? "Taking account of the customary transaction adjustments, cash consideration for the Disposal is expected to be £20 million"

Will it still be an 'investment' when you've averaged down multiple times cos all the sellers are wrong, you can take UKOG and many others if you need a perfect example of people losing thousands by saying exactly that and doing exactly that. It's not criticism it's advice and you'll probably sell many years later in despair. If you really want to invest, my advice is to sell and buy back a lot lower

It would have to dip below 35p for me to be down overall, so I am happy to hold for the moment. I bought back in on Tom's desperation rant and profitable already

Well Stockopedia have it down as a 'super stock' now when it was a 'contrarian' over £1, that would suggest value here.

Dwindling cash in the bank ? don't get me wrong, I'm interested but it seems each cash pile just ekes away until the next raise

I'll willingly defend your opinion Mary, you've been in a few stocks I have interest in and your posts have made a lot of sense to me. As for your attacker, they lost me at "loosing" instead of 'losing' - does my head in every time

"There's still value here, shares have gone to ii which is always a good sign."

How do you know who they have gone to, could be a bucket shop placing, and existing investors might just mean "directors"

And Robbie Burns just bought in:

"Severfield showed up on most of the value screens. Not surprisingly. A very low PE of 6, a low peg and a dividend of 7% plus! Surprisingly, it's been going down but because of that there could be some value. It is in a low margin market, structural steel and various services around that like design. A tricky one as it could be a falling knife but it looks such a bargain I couldn't quite help buying it. So I did. However. I'm not going to argue with a market and I don't want to be in a falling knife for long if that is what it is. And, after all, maybe the market sees loads of bad stuff in it I don't and maybe it is right. On that basis, it's a get out quick scenario should there be much slippage. It's a get out I think if it falls below 50 ish."

MGNS you mean ?

Sorry link.....

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

I use the 'ftse ranking sheet' (see Samantha's predictions to the right) on this, never seen it wrong yet

On its way back to the ftse 250 come March, expecting institutions to start buying in advance

Would be nice but they already bought £70k between them only in Sep 23

Horrendous spread, no thanks !

A blip in the uptrend