||EPS - Basic
||Market Cap (m)
Real-Time news about Dipford Grp (London Stock Exchange): 0 recent articles
|aleman: Ken - I understand your wish to know earn out costs. My point still stands about the cash in the accounts. Each balance sheet statement usually contains about £500k of customer deposits included in the cash balance.
Cash and bank overdrafts at beginning
of period 353,106
Cash and bank overdrafts at end of period 456,682
Cash and cash equivalents include client
account balances of 548,000
I assume the company has an overdraft of 90k and no cash, hence the very low share price and fundraising. There looks to be a basically very good business here that is struggling with interest and earnouts. Possibly a fundraising and renegotiation of earnouts could produce a substantial advance in the shares although I an still very much in the dark about details. It is damn frustrating waiting to see an email and posted notice, neither of which has turned up yet. It reminds me a bit of JCR who had buyout cost worries that were overcome, although they didn't have the credit crunch affecting their market.|
|topvest: Blue Oar must need a brain transplant! So, you announce that you need a working capital injection at 5p (when the share price is double that) and you don't need to advise the market. Would they also advise a FTSE100 company to do the same --- there would be an uproar!|
|topvest: EGM on 7 april in Exeter. £350K+ committed in shares and convertible loans. I guess this indicates why the share price fell a few weeks ago, as some already were aware of the fact that they were short of cash. Not surprising, I suppose.|
|topvest: EGM notice received in the post to allow the issuance of more shares at 5p for working capital purposes. One would have thought that this should result in an RNS given it is half the existing share price....makes you laugh!|
|aleman: I see Tangent have shown their hand with what I think is an opportunistic bid at TMN. Shares of many small caps are low at the moment as modest selling by PIs with cashflow problems have pushed prices down while possible new buyers have sat on their hands. I do not believe that many shares reflect the fair value that 90% of holders would see in a normal market, never mind what they would want in a bid situation. I hope the bid at TMN is thrown out. Details are still awaited at AMU but the share price there is still at a ridiculous p/e of about 3.3. It is a very sorry market for small caps at the moment and I don't blame opportunists for having a go but existing holders should not cave in. The few smallcap results to come out so far that I've seen have been pretty good and prices will recover if holders don't panic.
ken - I'm sure a small VC fund would back the management here so they would not have to borrow that much.|
Dipford share price data is direct from the London Stock Exchange