Member Info for TruroTrader

Hi dactions, I too came in the Downhole Gas days. After some 7/8 years I'm beginning to think you may have a point. We seemed to change direction for the better say 4/5 years ago. Some 2.5 years ago, at great expense and inconvenience, we opened a high precision engineering facility at Dukeinfield Manchester with supposedly rare capabilities - heard rock all since. Perhaps this is also on the sale list with the heat exchanger business?

Guess I'll stay for now while we reposition ourselves yet again. But for a company that has business consultancy as one of it's newer important arms it is just a little concerning about the lack of profits.

Are margins to low and costs too high? The Osprey acquisition is a case in point. Cheap to buy but expensive to run is my view. It's too inwardly focused on the UK air market which is not exactly booming! I just hope that Sapienza has business for it. As always time will tell!!

There has been a bit of speculation about the above. The reality is that we are known to the big players anyway. As an example Flutter has a revenue of 2 Bill and an MC of 19 Bill. We wouldn't even be spare change! I guess it may be the medium companies that might be interested. Hope I'm not pre-empting as I would like to run with this.

PS. Hi redjester, well done for beating the RNS by 3 days.

An excellent way of building employees interest in the company. The max is £500 a month but smaller sums are available!

You receive options to buy shares at todays prices - say 19p but sometimes at a small discount. You choose either 3 05 5 years. So lets say 3 years at £100 a month = £3600 or 5 years = £6K. on maturity you choose to take the cash plus any interest or buy shares at 19p. Totally CGT free. You can do this every year up tp £500 a month. Put them in an ISA and it stays tax free of CGT and Divi tax. Many years ago I did very well indeed through this scheme when I worked for BP and it sparked my interest in investing.

Definitely a mixed bag! My guess is not a positive market response. If we manage to sell the Engineering business in time then the year end may rescue us? As the song says "What's another year?"

Hi Peter - you're cutting it fine. If we do announce profits tomorrow (far more important than increased revenue at this stage) you may well miss the boat. If your 1st sentence is correct then buy away anyway!

Thanks for the link Alocasia. It's difficult to see how Gaming Realms can fail. Every piece of news/RNSs is positive with new games, new releases and new experienced specialists to drive things forward. Every new contract/partnership increases the revenue not just for that moment but for the foreseeable future. I can see the big boys will have an eye on us but I hope not just yet as I'm curious to see just how far we can go on our own.

Hi notaflipper, as Wasps post - thankyou for your considered thoughts. As for the British Government lending Spurs 175 months of Bales wages (not exactly l I know!) well Levy runs Spurs as a business! Perhaps it would be better if the UK government tried something similar! Step forward Lyn Rees perhaps!

Maybe an order coming in? Obviously heading for the winter quarry closing so hopefully a decent amount of block available to see the factory through. At least now there is the potential of winter revenues. Interesting week or two to come?

Hi Thordon, please read the July update re Covid. Regards profit I think both you and Scroding are too pessimistic. If you look at the revenue figures over the last 3 years and compare them to the loss figures you will see one soaring and one being tightly managed. This is I believe is the breakthrough year.

The Osprey purchase could be a bit of a dent because of the wage bill. However boosting our consultancy capabilities could be a real money spinner next year. After all if consultancy and overview are one of our stock in trades then profitability is in the BoD hands! Buy now while stocks last!

Hi ColSoul, I did as you suggested but the barmaid, knowing I'm a Spurs fan, and in spite of Mourinho, said she's not buying!!
She said she might buy when Spurs fans sing his name! COYS

Hi Riddler, I do second your remarks, perhaps a little less forcefully, but I share your frustration with ill informed opinions.

What seems to be missed by some negative posters re both contracts is the high value because of lack of both marketing and appraisal costs. They are therefore both high margin deals. If we're charging say 10K per month for each contract then the profit is some 40K plus. In turn this recovers some 40% of last years losses.

Well worthy of an RNS but not worthy of whinging.

link courtesy of "mala1969" 9th Oct

The contract awarder can veto the value when it is announced - perhaps for commercial reasons. However as I understand it if the value exceeds 10% of the companies revenue then the company is obliged to show the value. Not to certain, in that case, if the contract awarders requirements trumps the 10% obligation. I doubt if a 4 months contract will exceed 10% of revenue anyway.

However these will assist both the 1/2 year and full year figures and repeat business comes at little cost. Good news all round.

Hi OTUP, I think it's good . After all according to the RNS's It seems good enough to attract business from big pharmaceuticals who come back for more and also for Astellas Pharma to be publicly associated with it. There is diversity being planned including possible licensing of the Virtual Tumor. I think it has to be considered good for that to be even considered as a possible new revenue stream.

Add in the new marketing initiative and cash in the bank and yes I totally agree with your first sentence

Thanks extrader, I'm guessing the original contract is pretty much completed but there's a whole new contract to do with mainly transponders to come I think?

Looking forward to Simons update - he often manages to put a penny or two on the SP.

Hi Zahid. I'm not to certain either about the difference between Retail and Private investors. Is Retail the US term?
According to the website some 55% of the shares are held in various nominee accounts and 23.8% with ' Interactive Investor Services'. This is a trading platform and you would think used by PI's? This leaves just over 20% unaccounted for. He could be right!

Just got my invite to Wednesday' weeks OBN meeting - should get a bit more info. re testing then.

There must be more test business for us but could we outsource the Clarigen analysis even if wanted to? Or would that compromise the reliability. You'd think that other labs would be flat out as well with no spare capacity. Maybe we need to build a "Nightingale" Lab but I guess that's already being done! There's a lot going on!

Many thanks The.Italian, mystery solved! Though with no real meat we may drop back a bit. But if it gives potential new investors a heads up and they do a bit of research then the strength of the company and it's imminent breakthrough may hold us through to the next contract/order RNS.

Even at 35p it should be a bargain because of airbus as a customer plus Lockheed Martin and Leonardo the door is open for more aircraft manufacturers as customers. The EDF turbine blade tests have so far gone well and this could be massive and both steam turbine blades and aircraft turbine blades should benefit but this is a longer shot. W've still got Oil & Gas plus Flow Control.

Our financial year starts this month so I reckon this could be a breakthrough profitable year. (Mind you I've thought that before!) So far the ointment is fly free!

Thanks notts, Good find. I think we are! We've quadrupled our SP in the last 5 years and we regularly increase revenue each year by some 30% and often more. Also the announcement is not a flash in the pan but a longer term project. Bodes well for the future.