Ergomed Share Discussion Threads

[piedro] 14/4/2023 02:01

Steady support from Octopus ...

[maddox] 26/3/2023 18:23

Yep Piedro, very impressive contribution - great graph!

[piedro] 25/3/2023 10:55

This is a chart I like that illustrates the Barfield era ...

[maddox] 22/3/2023 23:49

Thanks Piedro,

What your graph nicely illustrates is the growing revenue from North America. They have now established sufficient scale to compete for top-tier contracts - if successful this will further propel growth over the next few years.

[maddox] 21/3/2023 11:19

No Dividend but excellent results and in-line with analyst consensus forecasts:

Service fee revenue +24% (in-line with analyst consensus forecasts)
Gross profit +22%
Gross margin +40.7%
Adj. EBITDA +11.5%
Adj. eps 42.6p (consensus 40.1p)
Order book +23%

ADAMAS acquisition looks to have bedded-in well and the outlook looks highly positive.
So, we have a strongly growing company in a growing market - but growing ahead of that market growth.

Postscript: Shares opened at 1020p rose 40p to 1060p but then faltered and dropped down 23p at 997p. interesting reaction to strong results indicative of a risk-off market rather than specific to ERGO.

[maddox] 29/1/2023 11:03

Richard Barfield has been extremely impressive so very grateful for his contribution to the transformation of ERGO. He will be a difficult act to follow. However, the strategy is set and the execution going exceedingly well so his contribution will be sustained.

He has a c. 1m options on shares which is equivalent to about 2% of ERGO, so we'll have to see what he does with these. Hopefully he'll retain a sizeable holding in ERGO and an informal, if not formal, advisory role in future.

Apart from that I like to express my thanks as a shareholder and wish him a very long and very, very happy retirement. If you share my sentiments please give this post a thumbs-up.

Cheers Maddox

[mfhmfh] 27/1/2023 10:19

better he retired then jumped ship to another company. IMHO.

[piedro] 26/1/2023 16:00

"Richard Barfield retiring is a big negative ..."

LOL, no doubt conspiracy theories abound

"he sold a large part of his shareholding last year - I took his cue and sold out then"

So what?. He cashed in 125,000 10p options and has plenty more

[qvg] 26/1/2023 15:11

RB's retirement a very big negative sign. he sold a large part of his shareholding last year - I took his cue and sold out then

[ihatemms] 26/1/2023 12:28

Richard Barfield retiring is a big negative on the stock unfortunately. In short he transformed his previous company and then Ergomed - check the share price after he was appointed .The retirement expectation was on the wall when the deputy CFO was appointed. I sold half before the announcement and the other half yesterday.

[fegger] 26/1/2023 10:56

Positive trading update.

But no move in share price. Likely due to the still high PE ratio in an era where PEs have reduced a lot.

[piedro] 14/10/2022 16:34

Octopus holdings {from my records}

[piedro] 10/10/2022 12:06

PrimeVigilance@PrimeVigilance
EVENT – Greetings from Tokyo! We are so pleased to be a first-time exhibitor
at the DIA Japan Annual Meeting.
If you are attending, look up Booth #19 and stop by to meet our team from our
regional hub in Tokyo.

[phillis] 27/9/2022 17:06

It is a service business
Productivity improvements are probably limited

[piedro] 27/9/2022 13:19

Updated chart ...



- that is what I wanted to see: cost growth moderated

[ihatemms] 27/9/2022 10:46

Another very impressive web-cast today.

[piedro] 26/7/2022 12:32

Ergomed cheers 'very strong' performance in first half of 2022

[adorling] 26/7/2022 10:54

Excellent update for interims and H2 outlook particularly order book. glad I topped up recently.

[piedro] 26/7/2022 10:47

Business as usual update,
but can they keep costs under control?

[mfhmfh] 25/7/2022 12:22

let's see what tomorrow brings