|21ST Cent Tech
||EPS - Basic
||Market Cap (m)
21st Century Technology Share Discussion Threads
Showing 3326 to 3348 of 3350 messages
|They must be having cash flow issues to enter into these finance arrangements. An invoicing facility is expensive at 15-20% apr. Less than a credit card but not much less. Expensive when margins in this business have always been wafer thin. The loan notes at 10% is also eating into those thin profit margins but may be necessary for cash flow.What do UK banks charge these days for business loans?I guess C21 would have approached their bank but it was either too expensive or declined as too risky for the bank.|
|I suppose it's better than a dilution!|
|sharp comment, Nod. even today's debt seem to pay 10% interest for director's money loan and it is fair! It is very innovative scheme to make money at current low interest environment. Crafty lot to squeeze money out of company.|
|That's the financing options sorted and no big surprises.
IMO with this out the way we should see positive progress. Wouldn't be surprised to hear more contract wins in the near future.|
|NZ Bus purchased Alexander Dennis buses from the UK. It's possible that someone from NZ Bus saw the C21 product in the U.K. They probably have the in-house skills to support the technology themselves. Kiwis are very resourceful and innovative.Infratil and NZ Bus are keen on utilising leading edge technology. Earlier this year they announced a project with US company Wrightspeed for electric buses. I will keep a look out for any news on the deployment of C21 products.|
|Yes Nod, I'm a patient investor! C21 hasn't been too bad for me over the years - better than some. I think the current management have the right strategy and hopefully it's starting to bear fruit. Any ideas how they picked up the business in New Zealand?! It seems a bit of a bizarre location unless they have connections there! I'm not complaining - business is business and possibly it could lead to further contracts in the area. Maybe a good idea to cast the net outside Europe following Brexit :)|
|Yes, we've been saying this for ten years yet the company does manage to survive. It earns enough to pay its directors but there is nothing ever left for shareholders who will always have to rely on trading the share to earn an income from this investment. Buying shares and waiting for growth has been a lost cause for ten years.A year or two ago, I had high hopes that C21 would merge with Trakm8 but that is looking unlikely now Trakm8 has hit a wall.|
|with such a low valuation, surely somebody will have a couple of millions to buy this minnow. not sure it will exist on its own very long. the company is just about surviving!|
|Hi qut, are you still holding shares in C21? You are very patient.Yes, I have lived in Auckland for 20 years now. We live just a 10 minute stroll to beautiful spacious beaches. The family had fish and chips on the beach last night. It's hard to beat the quality of life here. I left Cheshire 34 years ago.NZ Bus is the customer. NZ Bus is owned by Infratil who bought the Auckland bus business off Stagecoach, who kept the ferry operations. Infratil is a very well run company. "Over the last five years Infrati's compound after tax to shareholders was 17.74% per annum"|
|Good to hear from you Nod. Aren't you based in the antipodean part of the world?|
|Vfast, I'm not able to post on the other thread. It's the only thread on advfn I can't post on. It's the Gods telling me to stay away from C21.|
|NZ Bus currently has a fleet of over 1,000 buses. We employ approximately 1,900 people and move over 50 million New Zealanders every year.In Auckland, we are the principle bus company, with Metrolink, North Star, GO WEST and Waka Pacific buses serving the region's public transport needs with over 650 buses covering more than 200 routes and carry over 35 million customers each year. In Wellington, GO Wellington has a fleet of 223 buses, including Wellington's iconic trolley buses and are we are the preferred mode of transport for over 14 million customers each year.Valley Flyer has a fleet of 110 buses, including the Airport Flyer service. Each year around 5 million people use these services.|
|Let's face it, people post on bulletin boards because of financial interest. Anyone who posts saying they don't have any financial interest in the stock, I tend to take with a pinch of salt...|
|Growl...lol. I'll back off as I really don't want to get on anyone's nerves. Best of luck.|
|Two major contact renewals and 2 x 1 Millon contract wins is good news for C21 whichever way you look at it. I'm finished bear baiting, in my experience it just encourages them !|
|Not personal Waterloo, just stating facts.
When I sell I move on, haven't got the time to waste posting negative comments on good news especially when I haven't got money in the company.|
|Business is business wherever C21 win it!! Do we not operate in a global market?? I fail to see the 'bad' news in this contract and it is potentially very exciting given that C21 have broken into a new market. Post-Brexit, they should be applauded for winning a new contract outside of Europe where the business climate is currently less certain. If this contract was in somewhere like China, people would be shouting it from the rooftops - maybe that will come|
|Rant? I'm not bitter at all, I just keep an interest in stocks I am or have been in. I'd look at reinvesting IF I thought they had actually turned it round. Just don't think they have and the last numbers tell me they need cash.
Edit: as at end June they had £1.2m cash and the September report states "The board is currently considering additional financing options to support the business with its working capital requirements and whilst there can be no certainty regarding the raising of further funding, the Board is confident of a successful outcome to this process and will make further announcements as appropriate."|
|I read your previous rant regarding C21, which you quickly deleted, if you've made money here in the past, why are you so bitter !|
|Oh, I see it was personal. You'll have to try harder as I agree re SPL (shysters). C21 is another story and I've followed it since Toad and made a few ££ on the way. Thought Watkins might be the 'saviour' but trac8 has it's own issues!|
|No link at all, one company has a business and the other has no business just a few acres of dirt which has cost their shareholders a lot of money £100 million plus!
Plus a lot of broken promises and dare I say out and out lies?|
|What's the link? Everything SPL do (or don't do) is based in India.|
|Do you think MPL/SPL should look further afield to win contracts with shipping companies?
Very silly argument isn't it!|