Member Info for Xenor

The tories are actually starting to look like a competent government again for the first time in years. Still won't vote for them though, I don't agree with their high tax policies.

I don't understand a 13.52p finish on a £64 trade when the share price was 14.5p at 16:30. I guess we will open up at 14.5p tomorrow but it will look as though we have an instant 7% rise regardless of any more news.

Rishi Sunak needs to keeo tweeting. Every time he tweets the share price ticks up. Could well just be people here seeing value. Or maybe something is afoot. The Scilly contract winner was meant to be announced before end of July and well today is the 31st.

To add to Stokey's comment, forecasts are unchanged because the fotecasts allow for some number of contract wins. Makes sense as we aren't hitting 2024 forecasts without new contracts. I have been pessimistic on 2024 revenue so far, but with this contract I'm no longer concerned as that's 1/3 of the 200m right there. It's huge when you think about it, it alone will be more than half the revenue we will pull in this year. We've never had that kind of revenue from a single contract. M55 is comparable in size but that revenue is split over three years. FSS obviously higher but that doesn't start properly until 2025.

Still don't see where the full 200m is coming from next year but like Cenkos I'm going to assume more contracts are on the way.

13p is still terrible, but I don't see those who sold at 9-10p rushing to get back in at 13p. Going to take new investors to see value.

Yeah it's a normal process, similar to preferred bidders. No doubt the shorters will sow doubt until it is finalised, as with FSS.

Could be why finance keeps getting pushed back, waiting on certain contracts to come through for UKEF to approve a higher amount.

The clue was in the financial report but everyone ignored it in favour of panicking over results for last year.

"other large contracts that we expect to win in the short term".

Notice the plural. The first bus has arrived.

Well that was unexpected. Thought we'd won Scilly when I saw the dot.

Wasn't the Scilly contract winner meant to be announced this month? That means tomorrow. Hopefully we get it. Or maybe the decision has been delayed.

I think we all just need to relax and let this story play out. If JW delivers this year and next and hits those 500m revenue goals in 2025 then there is no way the share price is staying down here. Our first profit when it does come will be more than the current market cap. 100m or even 200m of debt isn't a huge amount when your revenues are 500m.

It's just getting to that point, and the new finance deal when it arrives will secure our path to that point. We deal in big numbers here. Big contracts, big revenue, big debt, and eventually big profit. Unfortunately the growth stage has also meant big losses. This is unlike other AIM shares where smaller numbers are at play and even 10m or 20m of debt can be catastrophic.

That said, I don't expect any big rise in the share price until IIs and funds or high networth investors start to see value here. When they start buying we will have multi day 10%+ rises without news. I suspect they will start to see value if JW delivers on 2023 targets and is on course for 2024 targets. So it could be the middle of next year after the 2023 report is released. The economy should be in a better state then too we'd hope.

In the meantime, PIs will be PIs and trade in and out and play their games on here and Twitter trying to convince us we're going bust or getting diluted to oblivion. It's time to relax, June 30th and its aftermath will be the low point here.

Admittedly even I was worried after that financial report despite expecting a giant loss and understanding the reasons behind it (deferred revenue), but believe in your research.

I've been saying for months that 2023 is going well, hence no rush for the debt to be sorted which JW has said repeatedly over the course of the year. The interims will be posted when they are ready. Hopefully not at the last possible date (end of September) as there is no reason to hold back good news.

I just managed to watch it as I have some wifi at this place. As a side note I'm back in the UK from Sunday.

Seems like a very reassuring update. Bit like the last one. It's good to see things are still on track and as I suspected 2023 has been good so far. I agree with JW's stance on the debt - it's in our interests to hold out for a better deal. But the trolls will continue their scaremongering until it is signed.

Shareholder value... I'll believe it when I see it. I do believe H2 will be news rich in terms of contracts, IM and finance so we may well see a reversal in the share price back to the mid teens at least. Especially if the company delivers on the 2023 target, and I see no reason why we shouldn't hit it.

I would prefer quarterly business updates as well, doesn't necessarily have to include financials. Just general updates on how the contracts are going. But JW seems to prefer LinkedIn and LSE interviews for those updates. RNS would reach more people.

Thanks Chris. Appreciate the feedback, although I was hopeful for a more substantial (RNS update) today. Hopefully the presentation isn't just a rehash of the last one.

I'm sure we will eventually have a big move up like that without news, but it will be when IIs jump in and accumulate. I don't see that happening until we are closer to break even as they tend to be more risk averse than us lunatics who put money into high risk stocks.

The LTIP was dead on arrival pretty much, when the December 30th RNS landed. I wrote off this year's award months ago and figured they would hit next year's off the back of a solid 2023. However whilst I still see a solid 2023, I don't see any chance of next year's LTIP being hit either as the share price has a lot of work to do to even see and hold 20p again nevermind those highs. It is what it is. Maybe missing the LTIP will be good in the long run as less dilution.

I'll be disappointed if we don't get an RNS tomorrow (I'll accept 7am Wednesday too) confirming a business update on H1 and how things are going for the year. The presentation will be a rehash of the last one if they can't provide this information.

We know the barges contract appears to be going slower than expected but I am expecting H1 to be very positive overall and we have likely smashed the 2022 revenue figure already. Despite the losses last year, H1 appears to have funded itself as we haven't ran out of cash and JW has stated more than once that cash flow is fine and the finance delay isn't a problem. That said, I expect H1 to be better than H2 due to how our revenues are weighted this year with the slippage from 2022. H2 will see the contract newsflow we have been looking for, setting us up for 2024.

Speaking of contracts, wasn't the Scilly contract meant to be awarded to the winner in July? Still a week left I suppose. Hopefully we can win that.

Do we know when the Sea Rose contract winner is due to be announced?

Forrest always shows up when the share price is struggling hoping to talk it down further. Bit like Speedy and the rest of the burnt INFA crew.

Selling at 9.5p would be madness with the news on the horizon but it will only get to his 6p target if the rest of us sell who haven't already.

I'd be more interested to know who Suhail and the likes on Twitter and ADVFN are working for. Ever since we won FSS it has been almost 24/7 of those talking down the company. They can't possibly be doing it for nothing.

The Times article is just a load of crap but as with most stories newspapers publish that aren't real world events, it was likely paid for by someone.