Otaq Share Discussion Threads

[firestorm911] 12/10/2022 11:33

ohfuq

regards
F911

[kemche] 12/10/2022 09:02

Whoosh!

Did anyone see that coming?

[kemche] 16/9/2022 14:00

Takeover? Amazon?

[kemche] 02/8/2022 09:16

What is wrong with the chart???

[kemche] 01/8/2022 20:04

"You're obviously still smarting from RMS 20-bagging while you were trolling it."

The history is all there for everyone to read. From 10p to 0.1p is a 20 bagger all right.

Was it not a thousand bagger?

[kemche] 01/8/2022 20:02

Good one HH.

Any parabolic charts in the offing?

[hedgehog 100] 01/8/2022 17:40

As I believe I've said before, you ARE on filter, but I can read a new post by clicking on your name without unfiltering you.

I like to check, because you do do sometimes post blatant lies about me, which I like to correct.

But believe me, reading your posts even once is more than enough.

I would add that I never follow you to another thread, but you constantly stalk me around ADVFN.

You're obviously still smarting from RMS 20-bagging while you were trolling it.

What I like to to read is intelligent research and analysis, bullish or bearish, not non-stop moronic cack.

[kemche] 01/8/2022 16:49

Was it the $1 trillion you objected to or a thousand fold?

And yet you never employ the filter button.

Go on! Admit it. You enjoy it!

[kemche] 01/8/2022 11:23

Next you will be telling us that OTAQ are not worth $1 trillion, or that it won't go up a thousand fold.

We could really do with a random parabolic chart of an entirely unrelated company.

GLA STHers!

[hedgehog 100] 01/8/2022 10:05

No I don't.

Posting research is different from pumping.

You, in contrast, consistently post dishonestly, bashing shares and then buying them.

[kemche] 01/8/2022 09:44

HH - I have always known you to pick winners you wily old fox you. Uncanny ability. Lol.
Some you lose, some you lose. But most you just pump.

[hedgehog 100] 29/7/2022 13:05

LOL, Kemche, why do you never seem to troll my picks that are going up?!

E.g. ZEN today, and ROC over the last couple of weeks.

As Dudishes has said, some you win, some you lose.

But there are many cases of investors dumping shares in a panic right at the bottom.

Which is precisely how I was able to pick up some ZEN and ROC shares so cheaply.

[kemche] 29/7/2022 12:59

What would the compound growth be with a rate of 1,987%?

I feel this could be yet another $1 trillion company in a long list of such companies.

GLA LTHers!

[dudishes] 29/7/2022 09:03

Writing very clear 27th despite Hoggy spin on it.

Easiest short for some time and today's biggest loser.

I did suggest short to TW, but his crew do not follow.

A certain broker has closed their book, but maybe a tad late.

Some you win!

cheers

[serratia] 28/7/2022 19:28

The results don't look good, I'm not blaming the management, the problem is the slow decision making by the regulators. They need clearance on the Sealfence.
Revenue was up, but with lower margins they had a drop in GP. A bigger problem is the jump in admin which accelerated in H2 to double the GP. They burnt through £2m cash and now have £1m left. If there's no change that's 6 mths worth left. Raising cash has proven problematical for a few small companies recently. Uncertainty re sealfence is an issue. They could have difficulty raising funds.
At 50% GP they need a big jump in revenue.

[hedgehog 100] 27/7/2022 14:50

What were you expecting, Kemche, based on the H1 results?:-

Revenue £1.821M. Pre-tax loss £881K.

15/12/2021 07:00 UK Regulatory (RNS & others) OTAQ PLC Interim Results LSE:OTAQ Otaq Plc


The 'going concern' bumpf is just standard 'box ticking' stuff for many development stage companies, as you well know.


I was expecting full year revenue of about £4M., and it's exceeded that greatly: £4.292M.

So H2 revenue of £2.471M., which is half-on-half revenue growth of an impressive £650K.: i.e. 35.7%.

Which is an annualised, compounded growth rate of 84%.

At this rate of growth, the company would soon reach profitability.


And indeed the company has said today:-

"The Group is also expectant that the revenue forecasts will be surpassed to alleviate the uncertainty around cash resources. Indeed, following the completion of the Group's first quarter, the Group is ahead of these forecasts."

"Despite the ongoing difficulties being encountered in the Group's historically core salmon farm ADD markets, the development of new products and flourishing performance from the Offshore and Connectors divisions gives the directors confidence that the Group can return to profitable growth."

"The Group's divisions, with the exception of Aquaculture, are trading better than in previous years and there is optimism that these divisions can return the Group to an EBITDA-positive position and improve the Group's cash performance."

27/07/2022 07:00 UK Regulatory (RNS & others) OTAQ PLC Final Results LSE:OTAQ Otaq Plc



Increasing revenue has always been the key to reaching profitability here, to cover fixed costs, and in addition this year's losses have higher exceptional costs, so aren't representative.

The increase in overall revenues despite the decline in ADDs revenue (which will hopefully start increasing again soon anyway) bodes very well for further revenue growth going forward.


I'm a bit surprised that the directors have flagged up a fundraising already, so perhaps they're planning a 'snap' placing to put the issue to bed.
Note that they can't have a placing below the company's par/nominee value, which is 15p/share at present.

That par/nominee value can only be altered at a general meeting, which requires a few weeks notice, but I would think/hope that the company would be looking to raise at at least that s.p.

And I think that the growth story here is strong enough that existing large shareholders should wish to continue to support the company, and not overly dilute their existing shareholdings.

[kemche] 27/7/2022 08:47

How do you do it? Is there a special school you go to?

"A shortfall in revenues and uncertainty around the timing and success of the realisation of cost savings or fund raising could have a material impact on the Group's liquidity position such that the directors believe the ability to achieve the forecasts and ability to successfully raise funds represent material uncertainties which may cast significant doubt on the Group's ability to continue as a going concern."

[hedgehog 100] 25/7/2022 15:59

19/07/2022 07:00 UK Regulatory (RNS & others) Share Incentive Plan Purchase, Director/PDMR Shareholding and Total Voting Rights

"OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, received notification on 18 July 2022 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 11,200 ordinary shares of 15 pence each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including those Persons Discharging Managerial Responsibilities of the Company (each, a "PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which each participating employee will acquire Ordinary Shares at the prevailing market price per share using contributions deducted from pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being awarded one Ordinary Share for each Partnership Share ("Matching Shares"), using newly issued shares.

Details of the number of Partnership Shares purchased by the PDMR at a price of 15.4 pence per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustee to the PDMR for no consideration, is set out against their name in the table below. ..."




OTAQ's par value, also known as nominal value, is 15p/share.

So OTAQ is currently trading at below par value: closing today at 13.75p (12.5 - 15p).

[kemche] 21/7/2022 10:28

Just look at the other charts!

[kemche] 12/7/2022 11:06

This is a major whoosh.

No stock available. All the cheap shares are gone.

We could do with a parabolic chart in the meantime.

[hedgehog 100] 12/7/2022 10:19

Thanks to Troajan on LSE for flagging up this OTAQ piece on Proactive Investors today:

"Market Report

Market Movers

Nick Fletcher
11:00 Tue 12 Jul 2022

... 9.04am: OTAQ in demand after Chilean deal

Marine technology group OTAQ PLC (LSE:OTAQ) has seen its shares swim ahead after a deal with a Chilean salmon and sea trout producer.

The agreement with Salmones Antártica will see the company supply its newly launched water quality measurement equipment at several cultivation sites.

The product monitors a site’s oxygen, temperature and salinity levels to provide aquaculture farmers with immediate information about the quality of their water environment.

OTAQ chief executive Phil Newby said: “SASA is a greatly respected salmon producer internationally, and an excellent reference point for OTAQ in the Chilean market. We look forward to working closely with SASA to improve their production yields and broaden our supply agreement.

“After this initial deployment in Chile, customer interest in Scotland and Australia is now being explored. The launch of this product is another important addition to OTAQ’s growing aquaculture solutions portfolio.”

Its shares are up 12.71% to 15.78p. ..."