Let's also remember the debt is owed to MXC who are fully supportive of their investment. Same thing happened over at Tialis.
PS Beeks, plethora used to be one of my favourite words! Thanks for resurrecting it :) |
Let's also be mindful that the auditors may be needing clarity on the debt before signing off as a going concern for 12 months. I'm not an auditor so would need someone more qualified to comment. For me it's the most likely reason for the delay.Going concern obviously a scary phrase, it may be it has just focussed minds on getting the debt sorted. There are a plethora of options, from refinance at a good rate with current or new lenders (good) toma placing (fine) all the way to desperation of death spiral if it gets desperate (bad but unlikely).Always good to be aware of all outcomes. |
Really? When was the first "end of the road"?2 posts in 4 years? I wonder which alter ego this is? |
More than 5.5 mil in debit. Looks like end of the road for Halpin and his gang again. I choose all the good shares :( |
CloudCoCo Group PLC- London-based IT and communications for businesses and public sector - Says annual accounts for financial 2023 will not be finalised ahead of the March 31 deadline. Financial year runs to September 30. "Despite the best efforts of all parties, the Company requires further time to finalise these accounts and for the auditor to complete its procedures with respect thereto. The company expects the accounts to be published before the end of April," CloudCoCo says. Reiterates guidance. In the financial year that ended September 30, eyes earnings before interest, tax, depreciation and amortisation of at least GBP1.9 million, up 19% from GBP1.6 million a year prior. Revenue is set to climb 7.4% to GBP26.0 million from GBP24.2 million. |
"by the end of April"Could be this Tuesday. |
My understanding based on previous RNS’s is that the company should have moved into profit end of last year 2023. I do know also based on previous history that when this moves up it can do so very quickly and can be knocking the door of 2p again in a short space of time. I would rather be in than out and ride this blip in timing. I still think we are undervalued!! Roll on end of April and hopefully we’ll get some good news and a boost in share price to reflect this !! |
Fortunately we are off the radar of most, even day traders. So no one needing to sell for a cheeky trade.Encouraging. Now a case of "show us the money" (or just the accounts will do!)Good weekend all. |
If we come in at 1.9 EBITDA any idea how close that is to profitability? |
Well if you take the suspension away and the poor PR this puts out, and concentrate on the few lines we have for progress this year it looks pretty good.Financing in the throes of getting sorted and the company is online with current analysts growth on revenue and profits. Those are the two majors we are interested in. We already know they are keenly getting a handle on costs and have targeted a minimum 500k a year savings.I'd hazard a guess that Mark and the team wanted the financing sorted for results and a spanner in the works came left field, delaying things. He has 30% of the company and 100 employees he's built in to a team to lose of course. Hopefully will be looking back at this by end of year as a blip. I'm not impressed today though. |
I read it as best get in now before we get the good results we’re hoping for :) IMHO |
I get the reasons behind it, and I can imagine they were wanting to get the financing sorted and out of the way as part of this announcement. They are a small company after all and don't have the corporate resources to spend on this as much as other larger companies have.
However there has been plenty of time to get this delay RNS'd. It's a Corporate black mark in my eyes.
Could be an interesting day, and probably not in a good wat! However we have the following leading statement at least - "We are pleased with trading in the first six months of the new financial year and sales and profitability at this stage are expected to be in line with market expectations."
Good fortune all, i'm out for most of the day. |
My thoughts as well. |
Poor showing.
Really poor. |
So now we know. |
So results due tomorrow then.I'll be offline much of the day unfortunately. Nothing has changed from my last narrative on expectations but hope to be pleasantly surprised. The forward looking statements and progress thus far this year will be key (if given)Best of luck all. |
How are they pricing in results?There's little volume. MMs likely keeping a flat book so price moves on demand. Hence we see less than a M shares bought and a 10% rise, then a drop down on sells. |
well, lets hope they are soon, as the share price, if they are pricing in results, doesn't look good. |
Thanks Beeks. Hopefully, they'll be this week. |
We all have them Freddie :)Patiently awaiting news here, as we all are. |
It was a senior moment by myself. Mr Giddens actually stated...
We are currently undergoing our financial audit for the full year to 30.09.23 and these are due to be published before mid March 2024 (at the latest) |
So the 24th was incorrect. Where did that info come from Freddie? |
New case study up for Gripple. |
There are certainly signs there of a good year coming up! |
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