Member Info for threeputt

Petefoolery :)

Hi David thanks, is that just a guess or would you have found info from somewhere please ?

way way oversold now imo and rsi on the floor, I'm back in

Previous ceo was booted out with some vague reasoning (see rns), still no clearer and the market hates uncertainty = continues to fall, I suppose it's equally possible the previous ceo is selling her huge quantity of shares she holds - we have no idea

from the rns 31st Jan:
"The Board has lost confidence in its Chief Executive, Nicola Foulston, as a result of cultural concerns and the execution of the Group's strategy; her employment contract has been terminated with immediate effect."

Just been reading latest Robbie Burns (Naked Trader) blog, he's talking about Wandisco where he was short but got stopped out just before they went *its up, one of the paras relevant here too imo:

"The head cheese was apparently doing the interview rounds being very bullish, they're only going to feed you bs. They won't tell you what is really happening, and think about it: if their co is so good why do they need to be going around touting it?"

systemzero, 2200 posts to your name and yet you're new to oil and gas ? pull the other one !

It's a difficult call, it sounds like the 2 year delay is only for the extension from Birmingham northwards which wasn't planned to start anyway until 2030 (now 2032) so shouldn't affect the current work (much !) of course the market is forward looking so won't like that much, but that far forward ?!! My hunch is it will probably just knock about here for a while but might get the occasional fall and spike. I've got a little remaining invested here but I sold the remainder into the recent rise, might buy those back if we should fall further

nonetheless I believe it's currently oversold with what by my calculations is a stonking 6% final dividend which is better than any interest rate currently, and I believe there'll be buyers back on that basis alone. I just added back my traders at just under 344

https://www.bbc.co.uk/news/business-64901985

crazy maybe but i've always avoided this co. & its rns's for the name alone together with the bottom line losses, screams bull**** to me.

Murder on the Dance Floor !

and rewarding hard working employees surely ?

still waiting for this to get blown out of the water:

"with the abovementioned cost saving measures and prudent cash management in the near term, and assuming no further new large-scale projects are signed, there are sufficient cash resources available to the group to undertake current operations at least the end of 2023"

They do have an overdraft facility in place with Clydesdale Bank from 2021 but I cannot find anywhere what the overdraft facility comprises, is this supposed to be in the public domain ?

question for pokerchips, or anybody else in the know. Your comment below caught my attention when you said "so that when the 9.2p gets paid on the 6th - investors will be paying more to invest the dividend than just a couple of weeks ago ...usual ploy to make divi buys more expensive"
I was thinking this could be quite useful info for potentially selling own shares that hit the same narrative, but then I thought hang on HL reinvest the divi for me from memory around a month later than it's paid out so that wouldn't necessarily ring true after all ? eg I've only just invested here but had I qualified for the divi on the 6/3 the divi payout wouldn't be reinvested/bought until say 6/4

just looking in here out of interest, one of the shares I sold many moons ago.
I don't wholly disagree with you but balance says you need to bear in mind how many more shares are in issue since those heady days, they've increased shares tenfold since 2020

or we could easily replace the first sentence with one of our own:
PF and his board of directors have discredited themselves and are routinely dismissed and despised by shareholders - maybe understandably so
lol

I can just see the next rns reading "we know of no reason for the fall in the share price", yeah right !

Good Law Project myth: ".......a huge new fracking project next to an Area of Outstanding Natural Beauty"
Reality: "The planning permission for the Loxley wellsite does not include fracking. UKOG has said it does not intend to frack for gas."

usual sell on news after a brief rise imo, will end the day lower

continued.....

FinnCap pencils in 10 per cent growth in the payout in the current financial year, implying the shares offer a prospective dividend yield of 4.8 per cent. The broking house also forecasts net cash of £6.1mn (45.5p) at the 30 June 2023 financial year-end, a sum that equates to two-thirds of Arcontech’s market capitalisation.

Effectively, an operational business that is forecast to make bottom-of-the-cycle full-year pre-tax profit of £0.65mn on annual revenue of £2.65mn is in the price for £3.8mn. Of course, we need a share price catalyst to spark a re-rating, the obvious of which is a return to revenue and profit growth.

Furthermore, with the shares so lowly rated – Arcontech is priced on only 1.4 times book value, enterprise valuation to operating profit multiple of six and offers a prospective pre-tax return on capital employed of 9.5 per cent – then it’s possible that the company will fall prey to a larger predator. Either way, the shares have decent recovery potential, having drifted from the 82p level when I covered the annual results (‘Tapping into a prodigious free cash flow generation’, 12 September 2022). Recovery buy.

strange, it is indeed behind a paywall if I use it via that link, but that link came from searching for "investors chronicle tipping arcontech" and selecting the first option (on my laptop) which is the same page, and then I don't get the paywall !
Anyway here it is cut & paste, enjoy !
Aim-traded financial software provider Arcontech (ARC:74p) reported £56,000 lower first-half pre-tax profit of £0.37mn on revenue down from £1.45mn to £1.35mn, but pre-tax profit was almost 13 per cent higher than in the second half of its 2021-22 financial year.

The revenue decline was as anticipated after one customer decided to scale back its market data spend, and another opted not to renew its contract because it is switching to a solution in a legacy, bundled contract. That said, it’s rare for Arcontech to lose contracts. Of far more importance is news that the company is now “starting to see small amounts of growth and is confident that this will continue”, says chairman Geoff Wicks. That’s a positive development following several years of inactivity during the Covid-19 pandemic when the lack of face-to-face access to financial institution customers severely hindered its sales teams.

Arcontech makes its money by providing software products and bespoke solutions for the collection, processing, distribution and presentation of time-sensitive financial markets data. It is a software house as it doesn’t deliver any market data, but instead provides the means for clients (who are in the main large banks) to do so. Arcontech’s blue-chip client base of financial organisations includes Barclays, Citi, JPMorgan, Lloyds, Morgan Stanley, Santander and the Bank of England.

It’s a high-margin asset-light software business that boasts an equally high recurring revenue stream, reflecting the fact that customers sign multi-year contracts, which provide Arcontech with a high proportion of repeat income. In fact, all the income in the first half was recurring. True, the market still remains difficult and some financial institutions are taking a close look at their cost bases to make savings as they streamline their operations. However, analyst Michael Hill at house broker FinnCap believes that some individual contracts in the sales pipeline could exceed the entire £0.1mn revenue uplift he is forecasting in the 2023-24 financial year. That’s worth noting as the company makes an incremental operating profit margin north of 60 per cent on new contracts, implying scope for hefty earnings upgrades if they are landed.



Solid free cash flow generation
In the meantime, shareholders are benefiting from the company’s impressive cash generation. In the six months to 31 December 2022, free cash flow of £0.3mn covered more than two-thirds of the £0.43mn cash cost of the annual dividend of 3.25p a share paid in the period and meant that net cash increased by 5 per cent to £5.9mn (44p) year-on-year. FinnCap pencils in 10 per cent growth in the payout in the current finan