Member Info for Xenor

Regardless of whether they have been bobbing around 19% for years, it's a positive that they aren't selling right now (as that's what matters) and indeed added a few more.

It does appear that we are stuck in a very narrow trading range right now however. I'm disappointed with today's price activity and starting to think my top up yesterday was a bit premature. I don't see the price going down much further but the last thing I want on my hands is another share that does nothing for a year. I've spent 2021, 2022 and 2023 in shares like that.

Let's get to 20p first before people start dreaming of bags.

Yay a tax cut for the well off. Would rather they increase income tax thresholds with inflation, that would give "ordinary" people more money to invest too.

Love how it's being dragged down after the bell. It's going to open at 17.1p tomorrow isn't it?

Interesting end to the day there.

You're right Trenners it is a good average at the end of the day. Just not great being sat on a loss after entering a share. I've been here before in 2022 where it did nothing all year then had the big rise a couple of months after I sold out. So I agree plotting an exit is important. Reality is probably somewhere in between in that I'll likely slice half around 24p and let the rest run. Although it does look like a good investment longterm, I just see little growth beyond mid 20s over the next year or so and there will be better opportunities in that time.

I have taken the opportunity to average down as this looks to have bottomed and on the way to the 20s. I think this dip will be temporary. My average is still awful at 19.34 though due to the initial bad entry timing.

Strange how you thought I was responding to your post Broomtree.

It is true IM is "in hock" to Riverstone, that's how loans generally work. I'm not sure why some see that as a problem or even make a point out of it.

But I do wonder how many more former INFA investors are going to crawl out of the woodwork whilst the share price is on its knees to tell us all how much they hate JW and the company for their investment decision not working out. No doubt they will all disappear and go long once the next reversal candlesticks appear.

Without even looking I correctly guessed and verified that the last time Tony was all over these boards was in July around 9p. Going back further he also shows up during the March and January dips. Just like several others in this group. It appears more organised than they would have you believe.

If I had £1 for every time someone has said a share will 6 bag I wouldn't need to invest.

Probably the same price TheEast. It has become apparent that many PIs just saw the JR (both May and August) as an opportunity for a quick buck as the date was given in advance. It should add value eventually when JW decides what to do with it, and that piece of news will come out of nowhere and catch these people out.

Consuela and his crew have always been about delay as much as possible and hope it goes away. If they appeal they will wait until the last possible day to do so.

JW mentioned a few days ago that we'd make 1m profit in 2024. I can't answer why JW is forecasting breakeven but the broker is forecasting a loss. A 24m loss if it happens doesn't really change anything however, 2025 will remain the year where we should make our first healthy profit.

Am I reading this right? 550m contract and the share price barely moves. What? I was expecting this to open at 20p and rise to 25p within an hour on that news.

Speedy, I've no doubt you have been screwed over. I would be feeling the same if I invested in INFA many years ago, but I still wouldn't be here trying to get people to sell at the lows. These are people's investments you want to see burn, their savings or pensions.

Investing is all about timing your entry, and in hindsight perhaps investing in a "shovel ready" project where the shovel hasn't yet hit the ground was the wrong timing. A company with no income stream and no debt facility, of course it was going to dilute heavily. Look at every oil, gas mineral explorer on AIM. Same story over the years until they complete an oil well or mine. I avoid them like the plague as their share prices only go down to fund their operations.

People investing here are comfortable investing in a loss making company as the signs point to this making a solid profit from 2025 after breaking even next year. These signs are based on the contracts being signed and the rate of growth, though there is some level of believing JW can convert the pipeline into contracts. Given the FSS win, M55, Cory, the LOI he is delivering there.

Lots of high growth companies are loss making, the key is getting to profitability before the money runs out. The finance deal will ensure that happens. If we succeed and reach JW's stated 500m revenue then having 200m debt is quite propprtionate and easily manageable. That's the price you pay for building a 500m revenue company. As an investor, the debt is preferable to the mass dilution of the INFA days. Those revenues allow the debt to be paid off and dividends to be paid. What's not to like?

There hasn't been a placing in nearly two years and yet every day apparently one is coming because it happened in the past. I'm sure we'll see one eventually at a much higher share price to pay off some debt, but it's pointless at this level and pointless at even treble this level. JW would have done one in November 2022 a couple of weeks after the FSS win if that was part of the short term strategy.

Time will tell whether JW succeeds or not and we don't have long to wait. Those who don't believe the finance deal will be signed have sold, those that do remain. Each person has to decide for themselves based on the facts. If I weren't already here I would wait until that issue is resolved before investing, so I can understand why people don't want to invest.

You got this wrong at 5p last year as TDF pointed out, and you will get this wrong again when the finance deal is signed. At some point you will watch this move past the level that would have seen you in profit. What then? Will you admit you were wrong? Clearly some of the LTH INFA holders still have faith.

Speedy, I won't lie - my trust in JW does get eroded each time a self imposed deadline is missed or revenue is deferred or break even is delayed. That's why I see hitting these targets as crucial. Once I lose trust in a CEO I sell and leave the board. That's what I don't understand with you and others who lost trust long ago. You sold out but are still here trying to convince others to sell whenever the share price is struggling (never when it's high).

I can forgive JW for missing the finance timescales as I am willing to believe him when he says he wants the best deal and cashflow currently isn't a problem. When the deal is signed is largely out of his control of third parties are still doing DD. His failure here is to keep giving estimates just because the markets want to hear the when, rather than saying it will be done when it's done.

I can also understand if revenue is deferred as sometimes it really is out of his control if it is dependent on deliveries of parts that don't arrive on time. But to get it wrong every year is a concern, hence I wasn't thrilled when 25m was posted for the first 6 months of this year. That doesn't even cover the deferred revenue from 2022. I'm sceptical about making 75m in H2 but the finance deal matters way more.

So with that said, I'm willing to give JW the benefit of the doubt for the foreseeable to see if he can deliver over the next 12-15 months. Good finance deal without significant dilution (warrants are acceptable to me) then I consider this derisked massively and even missing 2023 revenue target by a small amount wouldn't be a huge hindrance. At the end of the day we know the value of the contracts and the revenue has to arrive at some point whether in this financial year or next. Key with these is executing them on time and profitably.

Once the finance deal is done, 2024 is just a ramp up year for FSS and once FSS revenues are coming in it's hard to see where it could all go wrong. Until then the share price reflects the risk, and I expect it to rise with each milestone. If you want to invest in a fully derisked HARL in 2025 that is making a profit then that's fine, but then you may pay 40p for that safety net. Those of us who take on the risk now will get rewarded up to that 40p at the risk it could all blow up and go under. That's the reality of AIM.

I'm happy to debate with people like yourself but sometimes there appears to be a hidden agenda.

You do you Spud.

As Si says, nothing posted on this board matters.

My view is that the only thing that actually matters is whether JW delivers on the finance deal and the 2023/2024 targets. That will dictate the direction of travel of the share price. The constant deramping just makes the board a chore to read, as does the constant bickering (which admittedly I am guilty of as well at times when I call out the derampers). Maybe I need to start using the filter.

🤡

If you are so concerned about people "salvaging" their investment then how come you weren't on here begging people to sell at 18p on the day of the JR?

You act like you are some savior for our investments and yet your posting history indicates that you only show up at the lows.

Why?

I think we know why.

Speedy clearly has a motive. Just like Hebridean9, Spud, and the other clowns from the INFA days they always show up when sentiment is on its anus then disappear once the reversal starts. Been badly burnt and want to see everyone else sell for losses to join them.