Member Info for TruroTrader

Hi Ctw - I spent 2K last week topping up here and it now appears that some Johnny Come lately is shadowing me!! I really really hope he does know a thing or two about investing!! Thanks for the info.

The royal Mail win had to contend with HCp applicants so was not straightforward. An example that we are not yet Ronseal - but possibly we could achieve that in the same way that HCp is now. But we do operate in a fine tolerance environment that may always require individual tests for new applications. It is however a nice little order that will give next years interim figures a boost. Airbus has been the Holy Grail for some 8/9 years now as indeed the helicopter thing in Somerset appears to becoming. In the meantime we soldier on with the O & G market . BUT. Two small rises this week - is there something coming down the Turnpike?

I have shares in Ideagen which is a cash generative software company. Some 4/5 years ago the BoD said they were going to grow by both organic growth and acquisitions and also give shareholder value. Sound familiar? In the last 4 years they've grown the revenue from 6.5 Mill to 27 Mill and generated 3.34 Mill in profits. They've made some 10 or so acquisitions - 4 of them last year. In their 1st year in profit they made an interim and a final dividend which totalled a grand 0.15 of a penny! This years forecast is 0.24p However the share price has quadrupled in that time and the MC is some 7 times revenue at 170 Mill. The company has delivered shareholder value in spite of tiny dividends which has not hurt the ability to make acquisitions but has, perhaps importantly, put the company on the radar of a wider range of investors. Time will tell of course but if in 4 years time our MC is 7 times revenue we'll all be millionaires Rodney!

Hi Perky, yes the debt is a consideration but in the past two or three years they've managed to increase annual revenue by 10 mill or so. I suppose if the recently announce plans work out then even if they can't be totally cleared we should be alright. The next three months will definitely be interesting but if we make it you would think we would breakthrough into profit next year.

Hi Dino, I'm not to sure why a divi is not shareholder value. My thinking is that this company is very good at generating cash. Over the last four years the revenue was only raised by some 10% but they managed three takeovers and reduced losses by some four million which in my book is a pretty damn neat trick. If you think about it, providing the Divi is justified it should help the share price anyway. I did actually write 2018

Hi NotMuch, I've posted before that I think that CG is guilty of to much enthusiasm and overconfidence. Goes with the startup AIM scenario. But I do believe that there are orders, and, they are increasing. Your 2nd point re the debt is a bit beyond me. I am unable to work out the figures because A I don't know how to and B Are the published figures realistic anyway? However my bet is on a full 12 months of revenue and an expanding order book. Give the guy his due - he's never stopped swinging!

Ah sonof. I was thinking more of the Mama's and Papa's "it's getting better every day" (Same era!) What's the betting of a maiden Divi year end 2018? Good shot for the medium term I reckon but this for me could well be one of my 'forever funds'. Takeovers will tell!

Hi davidpqz , Lots of negative on this board from some possible shareholders. As a ' long time out of here' have you appreciated that at long last the revenue is increasing, and, importantly over a full 12 months . Your point is?

I'm not displeased. At long last 12 month continuous revenue and rising orders received. I've bought many AIM start up shares over the last 15 years or so and many have gone into administration but the ones that make it ALWAYS seem to take longer than originally envisaged. There's a lot of knocking the BoD on here but if they were infallible they'd be directors of Footsie 100 companies. Foxy Bingo is a company that will always take money off you but although they are both gambles Foxy Marble might actually pay out one day!

thanks for that niky, at the end of the article (real world capability) it said that BAE had recently certified new parts for the typhoon. HDD has said this before but does it mean we've actually got orders? If so the supply chain should be easier to access than say Airbus and although small volumes should be pretty immediate. The appointment of a quality assurance manager seems to be really positive. Now all we need is an order or four!

Really pleased with this. The CardOne benefits will help the full year figures but really kick in next year. With all the other future positives that were highlighted could we see a maiden Divi at the end of 2018? Perhaps even a token Divi at the next half year!! Can but hope.

Thanks for taking the trouble Bakky. The funding is as the RNS and is on a drawdown facility which should easily be serviced by the profits from the OEM contract announced in August. You would also think that if we ever get a meaty MDM contract we will not need to much anyway. I'm a little surprised that we have found a gap in the other satellite systems so perhaps it is SRT's patented technology that is the USP here. If so and the customers want it then this could be a real money spinner and I'm a little disappointed at the sp drop. However it's got further to rise when it all kicks in!!

PS. I also hold TP Group (ex Corac). They have made the same announcement.

Hi All, I've just put my money where my fingers are and increased my holding by some 50% from 8k to 12k which makes this my 3rd largest holding. My reasons are:- 1, the current MC is 50% cash. 2, this years revenue will be over 50% of the current MC. 3, the recent history of producing cash surpluses while making losses and spending them on profitable acquisitions is, for me, unheard of. 4, the BoD only makes measured forecasts. My forecast is that the December 2018 results will announce a maiden dividend. I am in love!

I too am a little baffled but by coincidence I hold shares in Premaitha health (NIPT) curtesy of Viaolagy for my sins. They have released an RNS which has exactly the same format so I'm guessing that the acquisition of Hargreave Hale is the trigger as RRJ has highlighted. Lets hope the new owners also like HDD!! I'm pleased that we are approaching the 2p mark without any significant aerospace news which hopefully bodes well. Onwards and Upwards.

Normally I think this means being on more than one trading market but in this case I'm not sure. I think It's only on AIM?

Thanks for the link liam. This has put foreword a good forecast I think. The technical delays were explained plus the reluctance of potential customers to actually commit. I appreciate the reluctance of the HCP users to give up easily - I always thought there would be a bit of ducking and diving! I've been here 9 years now and am willing to wait another year or two but if we can break even on the 2nd half of this years figures then I will be happy. in accordance with the Research note I also think we will be able to increase revenue over the next 2/3 years and could do so exponentially. However as the MK is some 8 times the revenue of a loss making company we damn well need revenue!

Hi revolutionary. I think you've hit the nail on the head. The exceptional items were almost highlighted. In the last 4 full years we've raised revenue from an annual 19.33 Mill to 21.23 Mill which is only 10%. However in that time losses have gone down from 4.34 Mill to 0.33 Mil and we've found the cash to make acquisitions. This is indeed the end of the restructuring and the start of real growth. Yee Har!

Company RNS dated 25th July - Half Year results on the 12th September plus annalists presentation. You will need to register, I think, to get the presentation.

Looking forward to seeing some growth tomorrow and hopefully a profit but I'm not expecting to much re acquisitions as we will only really know when their done deals. In the last two years we've been cash generative even though making losses so one take might be to spend the bulk of the funds on two large acquisitions this calendar year and fund further acquisitions from cash flow/profits next year. Whatever happens the next 18 months or so will be really interesting - good times to come.