Member Info for Yuri.F

Re: ... When Argentina delivers the ...

shouldn't it be: " IF .. Argentina delivers .. " as it has been for more than decade?

For some reasons stock is highly skewed towards being priced like there's no IF but recent financial reports (Ex YPF) do not support anything close to current valuation.

Hardly a scam, rather gambling or basic financial illiteracy,

company was consistently making loses for years

(-£7m+ per year on average over last 4 years),

has negative equity of £3.5m as per last interims

(therefore is in a state of technical insolvency).

Not a rocket science.

It may take years to be included into HMRC's list of negligible value.

Mcap is more than x3 over equity (which is consistently moving towards depletion).

And here comes debt issuance, is it to finance this illusionary share buy back? or to pay dividends?

Where did all those reserves go they've got from asset disposals?

Looks like RM (representing JB - ex-AMGO) is starting ditching HMSO in light of their new debt increase program.

So painful even for non-holder to see such a deep dive into negative equity territory and increased loss, sadly for someone who's been keeping an eye on this ticker - it's toxicity outlook has just spiked so badly.

Have they even completed the shafts and MTS yet to start talking about the sales so soon?

AFAIK MTS is still way to far from being ready (but more than 3/4 of tunnel was delivered)

also last year target for proper initial end-to-end production cycle was aiming for year 2027 but it keep moving farther all the time.

Re: ...For it to trade at 150p on 15x earnings (which seems reasonable)..

15x seems reasonable? really? That's only 6.6% annual return for DCF model.

In an utopian constantly low risk-free rate that might be the case but BoE rate is 5%, add risk premium (especially considering it's AIM segment) and 15x P/E start looking quite astronomical for this sector (leaving aside hypothetical growth factor of course, but market depth is rapidly approaching depletion including if accounted for competition and some regulatory constraints, thus even if growth does materialize then it's rather logarithmic).

As was already mentioned/reminded below (as per prev. RNS's)- over recent years avg case value drop rate materially outpaces growth in number of cases, furthermore cost base increase (double-effect: wage/bonus inflation and staff headcount to presumably deal with more cases) plays against sp too.

IMV current mcap implies at least £6m of sustainable profits (today! not some years in a far future), so it's overvalued and a bit detached from actual financial results.

Last time I checked the company clearly announced wind-down (which is lasting years) with explicit notification of zero residual value for existing shareholders, zero balance-sheet equity on last financial report , they're also serving only as scheme return vehicle to creditors and don't have no license from FCA anymore.

But yea, whatever pennystock pump and dump hype works for you.

If there are any true shareholders left it would be great to know why they're still holding AMGO in their portfolios given the known deterministic future outcome ? (especially considering that it was known for a very long time, latest annual report clearly states all of that, including this nice line: Shareholders' equity = £0.0m ).

Many cap-weighted funds for stocks included in specific indices do automatic allocations into tickers as their cap falls, if ocdo gets kicked say out of FTSE250 - this effect alone will be hammering it even deeper (as funds eject it from composition).

It just shows how delusional were SXX investors (I won't point finger on some posters her, guilty myself).

Helping homeless requires financing (since homeless hardly have money on a first place), financial sector is not a charity, they have investors who are expecting returns on their investment, someone has to take charity function in this chain, in this case it looks like those are investors of property sector (shareholders of HOME).

IMV they will continue bleeding out equity for next 4 years at least (although hopefully not that bad as this time losing over £500m in just 6 months), therefore sp has strong sinking propensity well below 27p in order to converge closer to expected future residual NAV (especially considering drain of nearly £38m for recently declared dividends). It might also be worth to take "investment in joint ventures" with a pinch of salt as it can backfire later with further write-downs (currently valuad at £1.18b on balance sheet with further details in notes section 13C). It looks like many have invested looking at high equity to m-cap ratio and flow of dividends but it just keep consistently depleting and is not sustainable over longer-term, unfortunately under these conditions I don't see much of a prospects for highly profitable property trades or service agreements to materially improve situation.

So - revenues have dropped, loss increased, but share price is on a rise. Things that make you go hmmmm.

Re: ... why the price has dropped so much today ...

- remaining equity: £0.8m (7 months ago as per annual report)

- average net annual loss exceeds £3m over last 5 years

- funding attempts have been failing as per rns: ...It is disappointing that we have been unable to secure the required funding to enable the Company to launch into the marketplace...

- there's no market liquidity for this sinking toxic $#it

as a result - it was practically a single sale of £1.2K making such drop.

I may understand you in a wrong way but I've stopped using HLFX some time ago and do see similar charge on every transaction in statement history during my previous travels. Two weeks ago I was visiting Rome and can clearly see 2.99% charge on every single swipe of TSB card. No cash withdrawals abroad, just was using card for grocery, hotel+tax, tickets, etc. It rather looks like standard widespread practice between retail banks to me.

Re: jamrock@ ...and would be more effective writing it off on the tax records rather than materialising such huge almost 100% loss...

You describe this as mutually exclusive events whilst in order to write this off for HMRC tax purposes it may easily take 10 years until they include it into negligible value list or you will have to go via range of bureaucratic hurdles later on to dispose non-traded asset (for a penny, net of other associated costs), but selling it before stock gets suspended (therefore materializing loss) will tick this write-down within this tax-year (to offset other CGT gains, and it will be a bit easier to transfer this loss fully or partially for a next years).

Shareholding / "investment" decision is predominantly driven by profit shown in account but volume of service coverage is rather correlated derivative than top priority on a checklist. customers might be happy but investors quite often not unfortunately, simply because there's no adequate return on investment or sometimes even worse - permanent capital loss. That's if this approached in a classic way (instead of "green"/"eco"/socially responsible hype and similar sponsorships).