Apq Global Share Discussion Threads

[tim000] 04/12/2024 16:49

Encouraging that the Director is buying in the market. But it’s unlikely he has any info on trading in Dec yet - the interims forecasted a substantial pickup in cash inflows this month. (They also said the company had $4mn in cash at end-October.)

[tim000] 03/12/2024 15:46

I’ll be happy to join you as a shareholder once there is evidence of Delphos delivering. Good luck with your investment, hope APQ succeeds.

[roughandtumbleone] 03/12/2024 15:41

TimNo issues whatsoever.I have my belief and investment and if it goes wrong, I only have myself and APQ to blame. If it goes as I suspect, as Delphos ,with a little research will dispel your fears.You don't believe in APQ and that's your prerogative. One of us will be right and given I have a substantial amount invested, I'll patiently wait.Thanks

[tim000] 03/12/2024 15:30

The term “inflows”; is so vague as to be meaningless. You might tell your company contacts to use established accounting terminology in future. Whether they are to be trusted remains to be seen. They have every incentive to give upbeat assessments and so far they have proven my point.

[roughandtumbleone] 03/12/2024 15:15

As I stated previously, I've spoken to Bart previously and had a lot of contact with Wayne Bulpitt. I don't believe my optimism is blind faith and understand that Delphos is growing exponentially. The figures below are what are stated as inflow which clearly does meet the repayment of CULS given The stated about CULs clearly states At the end of September, the Company obtained CULS holder consent for a maturity extension of the CULS until 31 March 2025 in exchange for a step up in coupon to 6 percent per annum and a principal repayment of £3.5 million reducing the outstanding principal to £26.1 millionSeptember 563,142 October 2024 337,230 November 2024 423,002 December 3,900,000 January 2025 16,200,000 February 2025 16,500,000 March 2025 4,300,000 April 2025 - September 2026 73,840,000

[tim000] 03/12/2024 13:02

The interims state clearly that the strategy is to use a combination of cash payments and debt refinancing to settle the CULS. So either extend some of the CULS or repay with bank debt. The figures for monthly Delphos inflows do not seem to be net of expenses but gross. We have no idea what the outturns will be, once all wages and taxes are netted off. I am interested in investing in the company, but there’s still substantial risk of a fire sale and default.

[garmin1] 03/12/2024 11:40

R&T, I admire your optimism. What makes you so sure Delphos is going to deliver the cash flow predicted? It’s failed so far by a considerable amount, what is going to change in the next two months? Genuinely interested to hear.

[tim000] 03/12/2024 10:30

The outstanding CULS liability is currently ca $32mn plus some interest. The company doesn’t have liquid assets of $32mn. These are facts.

[roughandtumbleone] 03/12/2024 10:05

Do you want to quantify your statement?The cash in hand is the same as the current market capital value, so your first part is wrong.The holders of the CULS delayed in agreeing until they saw the projects and cash inflows before accepting.They're not running on empty and it's only going to take a 3-4 month wait to see that the unsecured loan holders repaid (if not before) to see the NAV rise by the repayment value of the liabilities and the NAV rises to over 45mI'll stick with my research thanks

[tim000] 03/12/2024 09:58

You do realise that APQ has almost no cash and liquid assets to repay the impending CULS? Its forecast of imminent cash windfalls from Delphos has proven to be wrong to date. Delphos has never produced the current forecast of profits since it was acquired. The CULS are trading at a substantial discount to par. It’s not at all clear how the CULS will be repaid. The equity is a gamble, admittedly with a lot of upside if the gamble pays off.

[roughandtumbleone] 01/12/2024 15:56

What I don't think people have grasped is this:- the current NAV is just under 20m USD and this includes the liabilities of 26m CULs after the initial repayment. At the end of February, the liabilities will then sit at zero and the NAV increase to 45m USD. They've the. Predicted inflow cash of a further 73m over the next 18 months so clearly with no liabilities and that level of inflow, dividends are also likely to be restored. So for me I've waited for the suspension to be lifted but even a further 4 months will see a significant uplift in value and given they currently have cash at almost the same Market value of APQ. 78m shares in circulation... patience is definitely going to pay here.

[roughandtumbleone] 29/11/2024 09:34

Or you could look at the inflow for January and February being over 16m each month and clearly see these projects have simply slipped by a couple of months.As most of the shares are held by substantial investors, let's see what happens now the shackles have been released and people with deep pockets can see that once the CULs are repaid, this company is debt free and with substantial cash inflow. Do you still believe it's worth 5m when the book value is 4 x that number??? I've wait for a long time for this to be released... let's reevaluate in 6-9 months

[garmin1] 29/11/2024 09:29

The realised inflows vs the previous estimate are a concern for me. Between sept to Nov the previous estimate was £12.9m but only £1.35m was realised. Not sure the justification of the US election is convincing for me.

[roughandtumbleone] 29/11/2024 08:32

You only need to look at the expected projected revenue to release they'll be debt free and as it stands ahead the NAV is 5.5x MC and once the CULS are repaid, zero date, 78m shares in circulation and projected revenues of over 116m through to September 2026.I don't think they'll stay at 5p for long

[roughandtumbleone] 29/11/2024 07:23

Look at the cash flow expectations for a company with a MC of under £4mJanuary and February alone each month the cash is 4x MCSeptember 2024 563,142 500,000October 2024 337,230 4,330,000November 2024 423,002 8,100,000December 2024 3,900,000 1,450,000January 2025 16,200,000 7,085,000February 2025 16,500,000 8,312,500March 2025 4,300,000 9,865,500April 2025 - September 202673,840,00073,840,000Total 116,063,374 113,483,000

[roughandtumbleone] 29/11/2024 00:23

As per the emails and comms,Let's see what happens with the 2024 interims, market update and suspension lift.Friday news ...

[owenski] 26/11/2024 08:33

Something not right here, starting to sound a bit scammy.

[roughandtumbleone] 22/11/2024 14:14

I was told (as you saw from the comms) the interims would be released Wednesday. I'm waiting for an update and I can only assume they want to released the 2024 interims, a company update and lift suspension all in one go.? AGM date out instead ...

[owenski] 21/11/2024 08:36

No results then R&T???

[owenski] 15/11/2024 22:55

Thanks for the message R&T

[roughandtumbleone] 15/11/2024 21:29

Two major points...1) Interims for 2024 due out this coming week and from 2023 the book value is 5X the current MC.2024 is showing as really strong so suspect a serious jump in Bool Value and potential dividend payments once the CULs have been repaid. 26m GBP will be repaid before March 25 and thereafter with 78m shares in circulation we could be looking at a huge dividend PS given the low MC, low share register and huge growth income of Delphos.Separately to the ongoing refinancing discussion with numerous counterparties, the main support for the CULS repayment comes from Delphos. Delphos is currently executing around 40 transactions in around 20 countries and the portfolio is diversified across geographies (Africa, Central Asia, Middle East, Latin America and South-East Asia) and sectors (infrastructure, renewables, financial services and funds). The business is growing very rapidly and is, in the Board's opinion, on the verge of generating significant cashflows to repay the CULS.

[roughandtumbleone] 11/11/2024 09:01

OwenskiI've forwarded you some info via advfn messages

[roughandtumbleone] 10/11/2024 15:48

Owen.Drop me a message. I've been talking with Singer and APQ.I'll happily share the recent emails which will explain why reading BDO auditors.I agree it's taken an age and they will have Ronaldo give interims and a trading update based on the stated CULs repayment plan.