Jaywing Share Discussion Threads

[britishb] 30/7/2013 12:16

Errr... "Operating cash flow before changes in working capital £3.38m" Hardly a cash burner is it? They finished with less cash than they started year primarily because they paid down £1.5m of debt, acquired Iris for £1m+ etc. You are making a fool of yourself IMVHO.

[dusseldorf] 30/7/2013 11:47

carefully avoiding the subject that the company here has been burning cash, has £1 in the bank (seriously?!) doesn't have a Finance Director They still owe £1.5m in additional payments for their aquisition by all accounts - equity issue anyone? or do they plan on using the next 3 years profits? I seem to recall quite vividly that you said what kind of outfit doesn't even have a FD, well 'old chap', one exactly like your beloved Jaywing pot, kettle, glass houses etc..

[britishb] 30/7/2013 09:48

DD - it's that sort of stunning stupidity that will cause you to lose all your money in the market over time. Meantime I'll just get richer and richer. How can you worry here about a director resigning when your dearly beloved PAA has only ONE, yes ONE, exec director? I challenge you, yet again, to find one other listed UK company with only one exec director....

[dusseldorf] 30/7/2013 09:23

Cash at hand of £1 and an increase in overdraft of £800k, 90% intangible assets and resignation of Finance Director Woof woof ;)

[first_things] 24/7/2013 16:58

Large trade just gone through, maybe that will get rid of any overhang. Looks very undervalued at these levels compared with its peers in the sector.

[britishb] 16/7/2013 16:28

First things. There are some exceptionals in your number, mine is a normalised one (better reflection of underlying perf on continuing ops). This looks very very cheap to me even if trading only stabilises here. Unfortunately I still can't buy in size and it looks like someone (as well as me) has a big buy order in.

[first_things] 14/7/2013 18:19

"Operating cash flow before changes in working capital GBP3.38m"

[britishb] 12/7/2013 09:40

Given approx £2.2m normalised op profit, and similar cash flow this looks like a potential doubler or better vs market cap c £9m given "This is the second consecutive year in which profits have fallen. We do not expect this decline to be repeated in 2013/14." Not without risk and impossible at present to buy in size but looks a good 'un at 13p to buy IMVHO.