Member Info for TruroTrader

Thanks for that looking. There are 2 sides to this. I am a small investor normally going in at between 3/5k which is pretty small fry in market terms. However I find the ISA restriction is a problem when a share takes off as 20k a year, if you do make a fortunate gain, is really not that much spread over the whole year. Look at the vast majority of directors holdings and you find they are usually many times over the ISA allowance anyway. Again thank you.

I've said before that HDD holds on to its customer base as the two new Greco and GE contracts illustrate. However the beauty of this for me is that if we say that we currently need some £4 Mill of revenue to break even then these contracts mean that we've some 25% of next years revenue booked and in the bag already! We are now definitely over the latest slump even without aerospace - let the good times roll!!

Hi AL75, not to sure if it is a buy as I've sold a couple of slices earlier this year to cement profits but I'm still in as the company does actually make profits and pays dividends( albeit both small) However in spite of the recent price rise in the last few months the MK is still only half its revenue so a definite hold for me. Previous Vigilante contracts still have a bit extra to add to revenue though they are low margin. But its FastVein that could be a good revenue booster if it actually gets taken up and why I am still here. Not expecting fireworks but hopefully the MK will rise if the revenue does. Hope that helps

Hi Sam7, I am still not to sure why you think that ISA holdings unsettle the market. I offered my personal info to show that ISA's are common and not aggressive and not in any way unsettling. I am uncertain why you chose to numerate your reply but please expand and clarify your response should you wish.

This is a company that generates cash surpluses even when making a loss - that sure beats the hell out of me kid. It has an unique, patented air purification system that has earned a clutch of government contracts coupled with wide ranging engineering capabilities. Add an efficient and ambitious BoD that are intent on controlled expansion and I'm not to sure why the MK is only at revenue levels. Buy, hold and be thankful!

Yes at long last the EU has got fed up with waiting - it was 2 1/2 years ago that we were notified that us and Northumberland water were the preferred bidder. The hold up was always the cash and where it was going to come from. So the government now know that if the hand sitting continues then legal action will follow. Hopefully their response will add to this years revenue! Maybe happy days ahead. oy

I've just been cheering myself up by rereading the above. I particularly liked the SaaS via Coruson that is driving up cash. If operations do produce some £8 Mill then the 0.3 Mill dividend will look pretty sad really. I wouldn't want to stifle progress but a trebling of the divi should be a strong possibility - thought anyone?

Yes point taken re R & D. However a lot of this is done with specific customers and I understand that the customer does pay something towards it. The company is already able to coat a wide range of metals. I'm guessing one ongoing development might well be the size of the part that can be coated? However any new products would be a bonus. Anybody any idea's about new products?

The company has forecast a 30% revenue increase anyway so a trading update is looking less likely unless it just says "as market expectations" I think patience is required until the half year mark.

As its a continuation an exact date would be difficult to quantify as you would think it would run from the expiry of the old one and be discussed over perhaps some months - not to sure the importance anyway? However it is some 10% of turnover for the next 7 years so Ye Ha! anyway. We've got 4 months to go to year end and I feel a small profit coming on!

I don't think the market has twigged TPG yet. Last year it generated good cash levels while making a loss - I'm still not sure how that happened. Plenty of cash in the bank - long term government contracts and a BoD that runs the company efficiently and economically and looks to acquire other business which so far has shown good judgement. I think the MK to double in 2018 once the profits start to be reported.

Hi Jward, 37p is indeed ouch! I have done okay in some companies by averaging down but equally I have done very poorly by so doing. MWG is going to make it in my view and if the Gib thing does come of then it will be quite quickly - say 2 years or so to divi's? If Gib gets shelved then it will be a longer haul maybe 3/4 years to a payout. However one of the strengths of MWG lies in its patents and it seems willing to licence them so this could well speed up things. I think its a matter of time!!!

Hi There, I don't know that much actually but I'm betting that bookies don't often go broke! The online presence is a massive growth area and the annual growth in the company's revenue has impressed me as does the ambitions of the board. Its not a buy and forget but will need to be kept an eye on but could be a lot of fun.

Hi sam7, I'm not to sure your point. ISA holdings are limited to £20k each year per person. This level, over 12 months, is hardly a mad rush. My wife and I plus many 10's of thousands of people up and down the country hold ISA's. Perfectly legal but not aggressive according to HMRC. When I hit my limit on the 6th of April this year the market didn't notice - neither did it notice when a week later my wife hit 50% of her limit. oox sa

This is the AIM - a trebling of the sp in 5 weeks is not that unusual - Its not common I grant you but it has happened before and will happen again. Sometimes with these wild swings you have to - 1 learn to live with it. 2 take advantage of it. 3 rue the missed opportunity. Why else would you gamble om AIM?

Hi Ctw - I've been a holder in many an AIM start-up and I have noticed that when things are bad the results are delayed and that non-execs are often Cocker Spaniels and not Rottweiler's (as Warren Buffet would say) I've just bought in last month on the future strength of this company but I am aware of the discontent by some shareholders of the lack of timely updates from the BoD. A strong Non-Exec should voice any discontent because that is one of the jobs of that roll. I just wonder why he left?

Don't get me wrong, I would love a massive SP hike. The MK is however 8ish times revenue for a company that in 10 years has, at best, broken even. Because the business model is so lean its profit markup will be high once over the break even point of say 4 Mill. This high markup will mean a high cash flow because we have no real overheads except controlled admin plus whatever expansion investment we chose. In my view, once we make a meaningful profit, say in 17/18, then it will be difficult to not pay future generous dividends unless we are making major capital investments in production facilities. O&G coming back and aerospace imminent - what could possibly go wrong??? .

Thanks for the steer niky, certainly a bit more flesh on the bones and coupled with the Finncap comment posted by lionel we should get real growth next year. As we seem to be getting Typhoon orders then I'm more hopeful this year could result in a profit. Divi's in 2 years?

Quite pleased. Old O&G customers coming back and a new one in the pipeline. New Royal Mail application with more on test. One thing that HDD is good at and that is not losing customers. They often come back for further applications even if it does take a decade or so as in the case of BAE! We could well make a small profit this year with just our 'regular' customers but of course the big prize is aerospace. This seems to be developing very well with a whole host of testing. I'm looking out for the announcement that new reactors are being ordered for Virginia because we will need increased production facilities to grow the revenue.

HI Dibs - thanks for your comment. Capital growth is of course the quicker way to fortune but the MK of HDD is some 8 times the current revenue. This is for a company that makes no profits. I first bought here about 10 years ago when I paid 11 whole P for a share! (Oh yes they were the days!) I've massively averaged down and now am at 0.9p per share and I am therefore a happy bunny. This is a high margin business and once aerospace takes off then I believe there is real scope for good profits and high dividends. While the capital growth will be good I think that some of that is built in to the sp already. But again good profits will raise the sp anyway. I just can't wait to see which way this will go but I rest assured, and I hope you do to, that cash will come!