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[mr macgregor] 11/4/2019 16:44

1. You could try asking Boundary Capital I suppose. They seem to be the only ones with the midas touch around here. Either way, management need to get their fingers out from wherever they are.
2. I like the mascot.

[garth] 11/4/2019 15:24

Found an old message in my inbox from 2014 that I had never seen - asking if I could remove the header image on this thread. I put it there as a warning to anyone else who, like me, considered investing. That followed some personal wealth destruction at the hands of management (or the market - take your pick)

Any thoughts - is this a great time to buy, or only if you are Homer?

(and do peeps want the thread mascot removed?)

G.

[mr macgregor] 11/4/2019 15:14

What this needs is some capital spend to keep up with the times. Costco have a good deal on a set of Phillips screwdrivers if that's any help.

[1squintyflinty] 11/4/2019 14:53

Well now its oblivion.Its broken the 1p barrier.

[diver999] 11/4/2019 10:37

something else going on here. if all was good, word would get around and buying would ensue. last year 46% of turnover with 2 customers (industrial ?). is that business safe ?

[buywell2] 11/4/2019 09:22

So time for some new blood then ?

[owenski] 11/4/2019 08:49

lets please, re-run the whole Rise thing, after all it's the underlying reason why the wheels have come off the show here.

Drastic strategic mistake and the share price is demonstrating this.

Recent TU should be concerning, it's full of pipeline opportunity speak and suggests that sales have fallen off a cliff.

They should've kept their eye on the ball and not gone for ridiculous acquisitions. Make money and get a track record behind the business before you start diluting everyone.

[monty68] 10/4/2019 16:49

Please lets not re-run the whole Rise thing. It is done with, an opportunity missed IMO

[trident5] 10/4/2019 15:51

It's great there's support around 1p Clocktower because next stop is oblivion.

[clocktower] 10/4/2019 15:40

I think Risestep did the right thing but should have not let things progress as far as they did, which in turn resulted in the loss.

Clearly there is now support at or around this level.

[paleje] 10/4/2019 15:38

blocked the acquisition.

[trident5] 10/4/2019 15:37

In what way did Risestep throw the spanner in the works?

[paleje] 10/4/2019 15:26

Why sack management, they haven't really done anything wrong it was Risestep who threw the spanner in the works. Although I'm sure none of us liked the dilution it would have been better than this.

But the 10% drop today on transaction value under £2k vs mcap £1.5m is silly and reflects sentiment only.

Silence from the bod is annoying but maybe they want Risestep to feel the error of their action:) Pity we all have to share but a few more weeks and we'll get an update and hopefully some reassurance.

[monty68] 10/4/2019 15:16

I suppose you can do better

[1squintyflinty] 10/4/2019 14:19

Sack the management!!!!!!!!

[owenski] 09/4/2019 16:56

I see what you mean gnn, I'm looking at what it costs them to run the business and then calculating how much cash they've got left.

Of course the unknown is - what their current sales are, but it looks to me that they've slowed right down and so cash must be getting tight unless they pull in some decent orders.

[owenski] 09/4/2019 16:50

What's their Op-Ex?

[gnnmartin] 09/4/2019 16:42

I can't see how you come to that conclusion, owenski. They made a loss last year of £220k, and would have made a small profit but for the unfortunate attempted acquisition. So where do you get the £100k/month burn?

I tried looking at the cash flow, and could not really follow it: bigger moves than the loss suggests. All the same, the decrease in cash was 471k, so quite a lot less than your £100k/month.

We have been gently warned that the interims will be disappointing, but assured that they expect the year as a whole to be ok. So ... how do get to a 100k/month cash burn?

[owenski] 09/4/2019 13:53

They burn circa 100k/month and their sales have slowed. Fickle government purchases have delayed, hence cash is tight currently.

[clocktower] 09/4/2019 13:50

At the end of September 2018 they had cash of £781k - so I do not see them running out of cash if they continue to focus on doing what they did well before the debacle.

[owenski] 09/4/2019 13:36

If they don't get some decent sales soon, then they'll be getting a bit tight for cash by July. IMO

[gnnmartin] 09/4/2019 13:16

I had rather hoped that the constant selling was by person or people wanting to crystallise a tax loss and that the new tax year would see the share price recover. But the selling continues. The share price action is saying firmly that there is something badly wrong. I've been steadily if modestly buying, but I think I can't risk any more.

[columbarius] 05/4/2019 11:25

The funny thing is, Corporal Jones has joined the ranks of the non-blue plebs. He must have had his stripes removed.

[buywell2] 05/4/2019 11:19

Ha Ha

The chart won't be any different though will it

[columbarius] 05/4/2019 11:00

Time to get the tin hats out, Corporal Jones is back. I recall when you wanted to ban the non-paying plebs from the discussion yet here you are like a vulture to break the bones. As a suffering holder I have to say I don't like your style.

"Since the least meaningful contributions have, for the greater part been posted by users that have free subscription, can I suggest a new thread is created as a PBB so that any intelligence is contained and those who pay a subscription benefit?"