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[ali47fish] 08/12/2017 14:52

is it time to add?

[monty68] 08/12/2017 12:34

Cantor very positive, I really dont understand this disappointing drop.

[spawny100] 08/12/2017 12:12

Agree with ref the adjectives used this year coming from a lower division in the Positivity stakes kazoom - good post!

[gnnmartin] 08/12/2017 12:09

kazoom, interesting observations in your post 5428.

[kazoom] 07/12/2017 19:54

Thanks Assagai - did they upgrade their forecasts for next (this) year?

[assagai] 07/12/2017 19:50

Cantors put out their latest note on 6th Dec. All very positive

[kazoom] 07/12/2017 18:17

Was trying to puzzle through this and see whether in fact there is a veiled mild profit warning.

Still not sure, the outlook statement seems more guarded than last years.

Order Book - last year "substantial" this year "robust".
Sales pipeline - last year "strong" this year "encouraging"
Outlook for the company "strong " vs "positive"

And they have a "key short-term focus being to drive sales and diversify our sources of revenue. " which is a good focus to have, but reads like it is suggesting they don't have enough sales and enough customer diversity.

That's very picky I'm sure, but it all seems to lack a certain "buzz".

It also though looks to me (together with the announcement being at 8:10am) as though it may have been a bit rushed.

The financials have note numbers against various of the line as you would expect, but these note are not included in the announcement. Instead there are three different notes at the end that don't relate to the note numbers in the financials.

All a bit off imho and I don't know what to make of it all.

Hopefully Cantor Fitzgerald will get some guidance and update their forecasts (I think they are the only broker covering) as the (probably) out of date forecasts don't give much of a steer.

[boadicea] 07/12/2017 18:06

>Pru Dent
Yes, that just about sums it up.

Remember, it has come a long way in 18 months and there will be some holders (well, perhaps until the last few days) who thought they had found a wonder-stock but now realise that it's not going to double every 6 months. So they leave to gamble elsewhere.
The management intent should be to steadily build a good solid company with a premium reputation, all of which takes time. It looks like a realistic prospect which I am content to back.
Days like this provide a good opportunity for the longer term investor, (imho and dyor).

[laugher] 07/12/2017 16:23

February. No specific date yet as far as I can see.

[ali47fish] 07/12/2017 16:21

when is that know!

[knownowt] 07/12/2017 16:17

About the dividend: the company has negative revenue reserves so is unable to pay dividends, but it has allowable tax losses to offset liability from future profits. It was unneccessary to make any comment but the Chairman spelt it out in plain English for the few who might not understand what a balance sheet is!

The current hysteria is unbelievable; I look forward to the Chairman's trading update at the AGM.

[sarahbudd] 07/12/2017 15:22

Looked on as a great opportunity to add..

[1squintyflinty] 07/12/2017 15:05

Pru Dent.Well said !!Good post

[1squintyflinty] 07/12/2017 10:54

Well sometimes the market makes no sense.Fantastic results yesterday with NO hidden surprises ,and the share price weakens,and is now standing at 7.75 to buy.In for a penny in for a pound,lets have some more!

[1squintyflinty] 06/12/2017 15:13

Ecellent results.Based on the sesults I would have excpected a rise in the share price.Still meduim to long term these are very attractive.

[kazoom] 06/12/2017 10:11

AFAICS the market is only forecasting revenue growth of c. 10%. I would have thought 20%+ more likely.

[kazoom] 06/12/2017 10:06

I don't think the statement about no dividends, means they are not expecting much to happen.

Look at the strong growth generating Op profit of £0.5m, but working cap was up £0.8m meaning they were cashflow negative before the placing. If and when growth slows that will reverse and they will throw off significant cash. I read them as saying they dont expect that anytime soon. So the best use of any cash is to fund growth working capital and probably more R&D.

[sojourno] 06/12/2017 09:29

FWIW I'm still not in.
Nearly bought last year.
Might have to wait a little longer... but it is starting to grab my attention...

[laugher] 06/12/2017 08:47

Did either of you see the last couple of updates? It was already noted in one of those.

[esther1975] 06/12/2017 08:45

Spot on Mr macgregor. That was where they hid it.

[joshgroeny] 06/12/2017 08:41

Results exactly as expected thanks to regular updates.

[mr macgregor] 06/12/2017 08:41

"The Company starts 2018 with a robust orderbook, although we need to finalise the extended delivery dates on a proportion of those orders."

[cinquepercento] 06/12/2017 08:41

Again,I have looked at this RNS and it sales are up and profits are good.