Member Info for tony99999

The cash burn here is abominable, never mind the affect that would add to that even if this dog could actually grow revenue. Doubt anyone much will come in on the next equity or debt raise. Any basic analysis shows this was already overpriced and hasn’t sunk to the depths required yet. It may even disappear altogether. Non-diversified folks here chasing their deluded tails will get burned. And not so far in the future.

Gosh. Lunacy has no limits it seems.

Yeah! And everyone concentrates on what a simply delicious company this is. Come by here!

Having your customers attacked. What an absolute crock this company is. Bleeding cash on its own accord despite this and no one seems to realise just how bad it really is!

“Your up early..”. Not sure that you were listening properly in school.

OOOOO, WOOOO. This stinking pile is going over and out. The cash burn is horrendous and management is sitting on its hands.

This continues to haemorrhage cash. No real way out except new equity raises. Can’t grow without cash never mind standing still.

You can only get away with optimistic contract accounting estimates for a period of time. The abominable cash outflows never lie. Existing margins under pressure and silence on new awards means even low-balling doesn’t achieve the necessary refilling of the order book. God forbid the company was to take on much more as it looks doubtful if can finance any growth without further debt and equity calls. IMHO of course, do your own optimistic research by all means!

That’s not correct. They hedge the net difference between USD revenue and USD based costs, which include lots of metals for example. The objective of the hedging is to protect operating profit, not revenue.

The company’s cash management is an abomination. Even if it does manage to grow its revenues that’ll suck even more cash out. It can only survive by further debt raises and equity raise dilutions. The share price can certainly fall as its those cash flows that determine the true value. Suppose it can window dress the P&L and year-end balance sheet in the short-term but cash never lies…

It was an equity raise, not a debt one. This crock is going southbound as the management festers and the cash burn is simply horrendous.

Just come back and seen absolutely no new contracts. If there was even a small one they’d have had to RNS like they did that pathetic earlier one. What a crock. Opportunity cost is enormous x

Any serious investor would have already invested the £20k and will simply bed and ISA when the time comes.

Have to agree with that. Down 10% but you have to know when to cut and run. An absolute dog of a company unfortunately, so many better things out there! Did think that they’d do better, but then saw those awful numbers in the flesh. They have an absolute mountain to climb to raise margins and grow to cover their operating costs and interest burden. Any possible ramp up in growth is going to suck up huge amounts of cash. Contract impairment provisions have only just started. Doubtlessly the numbers are window dressed and stretched as it is. Altogether a bunch of incompetents. Good luck all, think you’ll need it!

Why short something that’s just going to flounder around? You don’t sound very smart Dad.

But selling them today. Every day with no RNS means no new contracts as the precedent is set for announcing measly USD250m ones. Desperation and deathly silence. The ability of this management team to screw up defies all belief and understanding. They won’t turn a decent growth, profit or cash flow in the foreseeable future. A woeful company, now also with an empty cupboard coming your way…

Missed the boat?! I was born in a kennel during the night, but it wasn’t last night! You lot must live in Growlingland…

If they feel the need to have to RNS a measly USD236m contract then the desperation shows through. And it means that silence is always bad news.

WOOF. Even as a bad dog I do like it when intelligent humans pick up my poo poo and put it in bags for tree hanging. Man’s best friend.

Yes, really recommend ii.