Grafenia Share Discussion Threads

[dd776] 29/9/2023 14:50

Fundraising all done and dusted, just the work of adding 8/9 companies over the next 18/24 months. Let the party begin.

[dd776] 27/9/2023 04:30

Agree.Time to prove they can operate 5 companies and make a return.Change a company name and start a fresh ,?Need to see positive set of results before I invest more.

[porky9] 27/9/2023 03:39

@dd476
Looks to me that what they need to be doing is what they claim to be "serial acquires" frankly you couldn't pick a better time to acquire SaaS and other software businesses than now whilst valuations are depressed. Yet there have been ZERO acquisitions, i don't get it?

IMO give it another 2-3 years and they will have to pay five times the price for these kind of companies again so i cant understand the hold up now unless they have just set the bar so low that the businesses wont sell to them at the cheap prices they want? Prices are already since March going up again.

Put it another way... lets say they added another 10 companies at 4m each, spent 40m and lets be totally pessimistic and say they all delivered a lack lustre performance to the group over the next three years - In that time valuations recover and bingo they have added another 200m to their mcap simply by buying at the right time.

The problem is its 7 mths of time wasted with no activity hence the opportunity is being wasted as i see it. They need to get a move on frankly.

[purplerain2] 15/9/2023 12:48

Open offer flops, only 1 out of every 10 available taken up.4.5 million less raised leaving 12/13 million to buy other companies. Expect to hear some announcements soon. Ps just leave the money in the bank, it might earn more

[purplerain2] 14/9/2023 21:22

We're is the open offer announcement "by the 14th September ".Poor show.

[purplerain2] 03/9/2023 17:35

Record Date for the Open Offer                                                                 Close of Business on 24 August 2023Announcement of the Fundraising                                                                                                      29 August 2023Publication of Circular, Form of Proxy and Application Form                                   on or by 29 August 2023Ex entitlement date for the Open Offer                                                                  8.00 a.m. on 30 August 2023Open Offer Entitlements and Excess CREST Open Offer                                         as soon as possible afterEntitlements credited to stock accounts of Qualifying CREST                          8.00 a.m. on 31 August 2023Shareholders Recommended latest time for requesting withdrawal                               4.30 p.m. on 7 September 2023of Open Offer Entitlements and Excess CREST OpenOffer Entitlements from CREST Latest time for depositing Open Offer Entitlements                                    3.00 p.m. on 8 September 2023and Excess CREST Open Offer Entitlements in to CREST Latest time and date for splitting of Application Forms                            3.00 p.m. on 11 September 2023(to satisfy bona fide market claims only) Latest time and date for receipt of Form of Proxy                                    10.00 a.m. on 13 September 2023for General Meeting Latest time and date for receipt of completed Application                   11.00 a.m. on 13 September 2023Forms and payment in full under the Open Offer andsettlement of relevant CREST instructions (as appropriate)Announcement of the result of Open Offer                                                                     by 14 September 2023General Meeting                                                                                              10.00 a.m. on 15 September 2023Announcement of the results of the General Meeting                                                      15 September 2023 First Admission and commencement of dealings in the                           8.00 a.m. on 20 September 2023First Placing Shares and the Subscription Shares CREST members' accounts credited in respect of the                                               as soon as possible afterFirst Placing Shares and Subscription Shares in                                             8.00 a.m. on 20 September 2023uncertificated form Second Admission and commencement of dealings                                    8.00 am on 29 September 2023in the Second Placing Shares and Open Offer Shares CREST members' accounts credited in respect of                                                       as soon as possible afterthe Second Placing  Shares and Open Offer Shares                                      8.00 am on 29 September 2023 Dispatch of definitive share certificates for the New                                                                 13 October 2023Ordinary Shares In certificated form 

[dd776] 01/9/2023 11:50

Annual accounts just arrived in snail mail.AGM on the 26th September.Poor show it is not posted on company web site like the annual accounts.

[dd776] 01/9/2023 07:43

Potential Reverse Takeover(s)As the Company reported a loss before tax for the year ended 31 March 2023 and due to theCompany's market capitalisation, a sizeable acquisition in the foreseeable future might be classifiedas a reverse takeover pursuant to the AIM Rules. Accordingly, any such acquisition would beconditional on the consent of Shareholders and would require the publication of an admissiondocument for the enlarged Group to seek re-admission to AIM.Do they have eyes on a large purchase ?

[dd776] 30/8/2023 14:26

8 years since last dividend

[dd776] 29/8/2023 07:05

WTFGeneral Meeting 10.00 a.m. on 15 September 2023Announcement of the results of the General Meeting 15 September 2023Confused Is this the AGM ?

[dd776] 07/8/2023 11:44

Hiya. Hopefully this will be the year they can move from losses to at least break even. Never the fastest company to progress forward. Hope to make AGM this year. Not the printing company now that originally had faith in.

[porky9] 06/8/2023 12:30

also acquisition values are materially down at the moment, based on my other SaaS investment related plays SAAS is general fell from a height of 17.9X ARR in First Q 21 to about 5.7X end of 22 and in first Q 23 now 6.5X and climbing again. So now is the time they should be buying up businesses whilst values are depressed.

Give this two years with an improved market it will cost them significantly more to build, this is yet another reason why I'm surprised acquisition growth has halted. Unless of course they actually cant find business that want to sell?

Interesting play...

[porky9] 06/8/2023 12:20

@dd776
I can see you follow this stock fairly closely, i have limited data myself and a very small speculative investment and would respect your opinion, debating if its worth adding.

It looks like they have executed four acquisitions successfully in the last financial year to end of March 23 and they are starting to contribute to group revenues. This i consider a great start.

However, It looks like they need to make at least the same in this financial year if not more acquisitions to maintain any continued traction? Its a bit of a stretch to call yourself a serial acquirer with just four deals, yet we are in August now, almost half year on and nothing? Yet the MA business side that is supposed to have a pipeline looks like it hasn't delivered anything? What have they been doing for the last six months?

Do you think this slow down is capital related? I notice the bond deal they were paying interest were due from June 23?. How easy is it for them to access more growth capital via bonds? If this ends up being just a four trick pony its going to take us a VERY long time before SH see any returns. share price improved on the last acquisition and mcap sits at 11m which is roughly only the same as the value of the four acquired businesses?

Any idea how big they want to grow this?

[dd776] 27/7/2023 22:36

The Annual Report and Notice of AGM will be sent to shareholders on or around 17 August 2023 and will be available on the Company's website www.grafenia.com from that date.

[dd776] 26/7/2023 08:20

Sell a printing business and don't get paid. Nonsense.This has been impacted in the year following a writedown of GBP0.81m against consideration receivable following a missed instalment from Rymack Signs Solutions limited on 31 May 2023. 

[dd776] 24/7/2023 13:38

We're cautiously optimistic about the upcoming year. With a full year's trade from our newly acquired businesses, our goal of achieving EBITDA at 10-15% of sales, after central costs, is a realistic target. Our search for software businesses continues and our deal flow looks healthy. We will update the market with more detailed progress when releasing our final results for FY23 which is expected to be at the end of July.Looking forward to the update this week.

[dd776] 01/6/2023 07:07

Not the best update.Getting 250,000 less for the printing business.If we get the money and further payments as well.Off to never Never Land. Zzzzz

[dd776] 03/5/2023 08:29

Looking forward to this.we have doubled down on our acquisition strategy with the aim of creating long term growth in shareholder value.After 22 years share price less than half !Worried that the debt is 16 million on 17million turnover, am I wrong to be concerned in this day of age with increasing borrowing cost ?

[dd776] 21/2/2023 15:56

People buying, long may it last

[dd776] 20/1/2023 15:58

Onwards and upwards

[tyranosaurus] 17/1/2023 10:29

GRA seems to be on the move upwards.

[dd776] 14/9/2022 18:56

will elaborate a bit more at the AGM and share a few more tangible aspects on what we are working on. In any case, the future of Grafenia will centre around what we are great at: making systems and software available for businesses to run better.Anyone at the agm.?No trading statement produced?First time in 22 years no news !How is the transition going Wish I could have gone to Birmingham.

[dd776] 28/7/2022 04:12

Looking forward, we expect to see revenues from the ongoing operations continue to recover and hope to experience no further coronavirus restrictions. Events returned in the Spring as expected, bringing an upturn in revenue, particularly within our range of ink-on-fabric display products. Group revenues in the first quarter of the current year were up 24% on the previous financial year.With the changed business model, the gross margin of the Nettl operation will look very different. Our margin on product sales will drop significantly, but so will our underlying cost base. Finance repayments have been significantly reduced and we will receive payments over the next four years in relation to the sale of Works Manchester. Based on a forecast including a moderate increase in revenue, we expect profitability to improve. We believe the financial future of the business is secure and we have the resources to execute our expansion plans. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements.

[dd776] 27/7/2022 20:12

They are still deparately looking for a winning formula. Keep changing direction.