Member Info for yrabsmurruc

Looks like my sp guess has proven accurate… 7% down on an encouraging H1 report…..good job it wasn’t poor… lol….wonder how his cornerstone investors are feeling after having their trousers pulled down at 5.7p….. and the 4p brigade when we reset in 2020

thanks NH, nice to hear from you....... yep, need to move on... but I would love to see Pete in front of "the beak" to explain his business acumin...B

John... he habitually places every year.... Financially.....what comes in goes out.. and that is after you include all the placings he does each year.... begging bowl hasnt been out for a year.... money still not coming in...never made a profit.... he lives off the word "ENCOURAGING"............. B

And we will finish red today…..1.2p-1.3p my guess….Nothing but a news msc without strings is going to move this dog…..everyone expected a gold nugget in todays news, but all we got was Peter s usual “encouraging “ to every single opportunity that has been delayed……

B

And…. “IF” DRC does start in Q4, will he require the capital costs again… that £2.5m he asked for cannot be asked for agai… can it?…….Pete does have thick skin, so probably…. Yes!…..B

Thing is Gibbo, Wsg have £3m less cash than this time last year… overheads are the same… revenue about the same….prospects about the same… so ifs it’s not a placement, then that loan is going to be nibbled very soon. B

Wonder if this will happen…. Says it every year… but will there be strings attached… like a ratification perhaps…..
“We continue to have an active business development programme and continue to develop a number of large-scale project opportunities in both our Services and Technology Divisions. Whilst there is never certainty of timing or outcome, we expect to secure one or more such projects in the current year.”

B

just lies.........

Proposed Placing of the Placing Shares at the Issue Price, raising approximately £2.5 million (before expenses). The Placing will be carried out using the Company's existing shareholder authorities.

The Placing will serve to put the Company in a stronger position for the next stage of its development by providing additional working capital to support the growth and delivery of the recently secured contracts, which require upfront capital investment from the Company, together with ensuring the Company is better able to deliver on its strong pipeline of near-term potential major projects, which it hopes to be successful in winning.

B

So... what happened to the £2.5M placed to start up DRC?.... if DRC hasnt started, then shouldnt that placement money still be sitting in the "DRC account"..... with only £400K left, that money has obviously been spent on xmas parties and the storage costs for the Vending machines and mango masks, plus the museum that houses the Ferry Prop Shaft.... but quite clearly not on DRC as it hasnt started......naughty Fowlers......B

So..... Pete is suggesting the worst is behind them and they are winning new business.... so if the 2 current MSCs bring in a steady £5M each year, and he wins another £5 - £8M on top, then he gets us back to 2019 numbers..... the thing is we were 4-6p then... now we seem to be 1.3p for the same numbers....... Plus he still thinks next year the other 2 MSCs will kick in.... so why does the market still think the company is still only worth £4M...... must be the Pete effect....... ie, he is a born "story teller"................B

Aiming... you can have a prize too.......

Pete has managed to give himself another 4 month "can kick".... all his prize contracts from June 2021 are still in the layby..... I do not understand how the Nomad can allow him to announce contract wins that have so many hurdles to jump over still.... Do we know of any other company that announces contract wins that are subject to "formalities" that then go on to never be enacted.... but the company still raises funds for start up costs when the contracts never start up.... this has to be illegal ..... surely......... B

Think I was closest:... I said

So let’s start the sweepstake:

H1 revenue: £4m............. spot on !!
Loss of £500k.......... loss was worse @ £800K
Cash : £250k...... cash was slightly better at £400K

I think Jimzi is right..... If they dont get the £3M in from their debtors, then how do they pay their creditors..... only £400K in the tin........going to be another tight year..........

I like that Pete still thinks IRAN might happen.....

I note "Protect Duty" is his next big opportunity..... lets just see how well placed you are Pete....... B

Is the market still asleep?…. No reaction whatsoever….B

Who won the sweepstake:

Revenue:£3.9m
Loss:£800k
Cash:£400k

So… looks like our pig has a wig as well….

DRC…. We hear “we believe” and “expected”…to start in Q4.. no it won’t

Liberia…. Waiting for land allocation… it won’t start this year

KSA… we are winning contracts…. No your not, you won one.

Still expect to hit £13M for the year with £8.5m in.. so where is the other £5 coming from Pete?

How is the £400k going to get you through the rest of the year when you need another £2m to keep the lights on…

No nett profit again….

More crap from Pete… same old same old…..B

Thanks Gibbo….so we need to see about £6-7M at the halfway point….with no DRC or KSA or Liberia it looks like we need to see the 2 current MSCs punch a tad above their weight… plus the odds and sods of course.. Looking forward to being underwhelmed…B

Well, there is no flurry of activity….positions already took….so tomorrow it is then…., the last Arden report I have seen suggested full year revs of £23M, so is this another H1 that proposes all the jam turns up at H2… might not believe you this year Pete as you said that in 2020 and 2021…. Let’s see if we get another “I am confident we will hit our forecast”… tomorrow followed by the excuses as it slides in to 2023… this jam seems to not have an expiry date….B

Bolton, do you mean earnings FOR the vending machines… lol….. B

Does anyone have to hand the 2022 revenue expectations… I presume it is a piece of fiction that Arden wrote …B

He will cut and paste this from his 2021 H1 report;

The business model and opportunities we have been developing over the years have created a foundation from which we can deliver significant growth and sustainable revenue streams and build shareholder value. The recent large-scale long-term contracts we have secured which will provide an upward step change in revenues, the recovery and growth in our existing operations and the numerous new opportunities we are developing underpin our confidence for the future growth of our business.



Whilst acknowledging that there is still global uncertainty and delays may still impact the delivery of certain projects in the short term, providing the expected easing of restrictions and delays and the resultant recovery continues we are on track to meet full year expectations. We are however confident in our 2022 and future forecasts. The Board and I remain committed to delivering on our significant growth potential.

Ha….. B

So let’s start the sweepstake:

H1 revenue: £4m
Loss of £500k
Cash : £250k

B