Cash flow is everything on AIM Val. Anyone can engineer an accounting profit as easy as a tax loss especially when you are playing loose with capitalising R&D. It is quite arbitrary. I've had lots of experience at this scale and bigger otherwise I wouldn't shoot my mouth off. |
peterrr3 - they have been more than breaking even for a while now. But based on some of your earlier comments you may be thinking about being free cash flow positive rather than profitability - in which case you really ought to say so, as it is very confusing. Profit is the main thing, being free cash flow positive is merely a function of the size and type of new contracts and the rate of growth. I completely reject the notion that ENSI has been devious in its admission document. ENSI in raising funds for ASIC development clearly explained that "The process from commencement of design to start of production can take two to five years depending on the industry sector."
I think that has always been understood by the market but clearly not by everyone. |
Trouble is all floats are caught between getting a good valuation on float - which needs lots of feel-good PR and the reality of raising more later, in an unknown future state of the market.
In some periods of the market, raising money was easy.
It also helps if the business being floated is making profits in its “new” form, if its already been trading and its having a change of strategy.
Realistically that is up to us to figure out to avoid getting caught in post-float share price declines. |
I think if they were up front about taking 4 years to break even from listing they would have garnered a bit more respect and tolerance, even from us trash buying AIM and maybe attracted investors with a slightly longer term view. Nope, they need to share the blame, not shift it. |
Need to add . after www to get the above link to work which is a presentation given in April. |
sorry link wont work. worth finding and watching.
A very candid quote about AIM 'ITS BEEN A ROUGH RIDE' Not happy at all with UK markets. We hear you! |
I think it will continue to be constrained by exits from the last placement until they are mopped up. |
Nice 25k purchase on the bell. That person won’t be going anywhere until the 50’s.
EDiT - that person sold at a loss within the same hour! Showing as a delayed trade. |
The share price was depressed because of the fear of a placing following the results RNS.
This fear has now clearly been dispelled in the investors presentation. Onwards and upwards into the 50’s should be the proceedings. |
The main thing for me is that no funding is needed for the next few months unless a big contract lands (a nice problem to have).
We should get back into the 50s based on this alone. |
The one thing that’s never in AGM statements is money. |
What I'm interested in is whether the cash flow from the 2022 contracts due to kick in from Dec24 is happening. This would give credibility to the forward projections, rather than just being aspirational. A profit margin would not be too much to ask from the Chartered Accountant as well IMO. |
Very positive AGM Statement from the Chairman Mark Hodgekinson ,on the Current and Future forecasts for the Company. |
Look forward to the AGM statement tomorrow. |
There could be an AGM Statement tomorrow, there has been one for the last 2 years. Depends if there's anything new to say. |
Last year a trading update was given together with the AGM statement only less than 2 months after the full results.
Not sure if that will be repeated this year. |
Bit premature. Only just had Finals a Month late |
Should be trading update time soon going by last year. |
The Chairman investing in The Compnies shares, always is good sign for the future. Well done Mark H . |
Stonegate Capital Partners initiates coverage in the US. Similar operations to other paid analysts/private investor sources, not really independent, but a pretty solid story to tell anyway. Interesting timing before the Xmas shutdown, thought they would have stated a few weeks ago. They do tend to focus on the low caps in the fringe markets but have put a few into Nasdaq. Let's see what happens. Maybe a placement.https://finance.yahoo.com/news/stonegate-capital-partners-initiates-coverage-212000524.html |
Val I have been involved in these discussions between brokers and management more than a few times when things went belly up on a placement, which should have been an easy win. Their clients relationships outlive one AIM stock. |
refreshing yump, lol. Bet he does'nt earn as much as Walter either.
liking the story here. |
Ducatiman
O/T
I imagine you might need a stiff drink after the shock of directors buying -we’re not used to that are we?
;-) |
Val. correct, they buy to make capital gains for themselves. |
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