Going to bankrupt ?? |
The real concern is that this kind of companies need to fund the working capital when they are growing: staff increases and has to receive its paycheck weeks or months before cash from customers arrives. So a cash outflow is justified in growth mode.
But when the reversal happens - the revenue shrinks- then there should be a cash inflow: pending bills are collected while salary expenses decrease.
Just look at the cash flow of staffing companies such as Hays or Page, since they follow a similar pattern.
But this company keeps on burning cash in a year when revenues have stalled and staff has decreased (447 employees according to LinkedIn a year ago, 374 now, and I can figure out most of the people has moved to another job without redundancy pay). This is very very strange. |
ShareProphets |
Where is this article by Steve Moore published ? |
Made Tech – arguing “a credible EBITDA performance”, is CEO Rory MacDonald fooling himself or trying to fool everyone else?
By Steve Moore | Thursday 1 February 2024
The above article is damming to say the least.
///////////////
You need to pay i think, £2.00 to read it. |
Gusrezo - spot on. I’ve occasionally passed comment here since the IPO and each time it is to remark on the hideous cash outflows and how the company continues to comment on artificial profit headlines which conveniently ignore the substantial costs of paying staff in equity and writing down goodwill as though that doesn’t matter to the business.
The only saving grace is they are not loaded with debt unlike the basket case that is TPX. |
I don't think they will be forgiven for going back with the begging bowl to Government clients, mid way through contracts. |
"Net cash at Period end of £7.9m (H1 FY23: £9.0m; H2 FY23: £8.5m)".
The point is: the company got 12m at the IPO. They keep on burning money reporting period after reporting period, it doesn't matter the environment: formerly it was in growth mode, now in steady or shrinking mode.
So the terminal value of such a company is 0, once the cash is over, who is going to lend them or buy more shares?
And they're still remarking the cash position, as if this cash has been generated in the normal course of the business, when they should be ashamed of not being able to generate positive cash flow!! |
An analyst wrote a good page on this company just after it floated.
Investors Chronicle
Any potential investor should read it.
Those that took notice at the time would not have lost 90% plus of their investment to date |
Enjoy life Dave. Please stop the stalking. |
I'm just wondering why you resort to blatant lies parob
Agl was around 20p when you started saying people are selling and switching to your latest pump and dump which was Rua. I said it's just started a run and you carried on posting Agl profits into Rua. Rua went lower and Agl went from 20p to 31p bid high that day and hit 37p the next day so your advice was terrible.
You are very transparent, you buy a stock post none stop, get a spike and dump and just move to the next, I doubt you have a portfolio of stocks.
If you want to go down the I need help and a therapist line knock yourself out
You are the one that lies not me.
As for Agl I bought around 10-12p, sold 66% at 31p, stupidly did not sell the rest when it went to 37p and here we are back at 16p |
Go for a walk, see a therapist or something Dave. Your chest must be so tight with all this anger. It really isn't good for you. |
Parob - 04 Jan 2024 - 13:36:35 - 3408 of 3465 RUA Life Sciences - Elast-Eon Enabled MedTech - RUA
Quite a few have sliced AGL to buy RUA.
I know at least 3.
Parob - 04 Jan 2024 - 13:28:34 - 3406 of 3465 RUA Life Sciences - Elast-Eon Enabled MedTech - RUA
Currently NT to buy.
Parob - 04 Jan 2024 - 10:01:04 - 3375 of 3465 RUA Life Sciences - Elast-Eon Enabled MedTech - RUA
Wonder if some of those AGL profits will head this way. |
I'm not sure how much you're losing on AGL but your posts are getting desperate.Regardless, I hope you get your money back and wish you well. I celebrate when others win. |
As I say Dave try and enjoy life not being bitter. |
Oh wow you really are a compulsive liar parob.
I remember that day in Agl clearly you suggesting people sell Agl around 20p or less to buy Rua and I was clearly saying it's way too soon to sell Agl it has massive upward momentum and will keep climbing and it went to 37p while Rua actually went lower.
You can twist things all you want but you clearly sold out here, you went from posting none stop it's life story to total silence and could not even muster a post this morning on the trading update. |
CEO and COO aren't able to buy any more under the concert part rules. They're already up to the max of 43%. Chance of a management buy out imo.Thanks for flagging Everyman, that is sone Director buy! |
Singer note is worthwhile knowing though, especially the net cash and burn rate in their view. I hold a v. small amount now at a loss, but I will hold on. if directors confident they would be piling in now, let's see.
Talking of directors, take a look at Everyman, that is a director buy!
DYOR / GLA |
"added"
You mean bought back in Parob, we are not stupid parob, you went from all over the thread to totally vanishing after getting your mini spike.
:-)) |
Added a small amount at 10p.The Singer note this morning suggests that "net cash now £7.9m, so still comfortable and points to just £0.6m H1 burn i.e. MTEC still has plenty of cash runway".Some good cost control is also flagged.hTTps://x.com/1james1n1/status/1752959035391770857?s=61&t=OPWPOeWZxD1L0Ap29u5T3ACurrent MCap £14.9M with almost £8M cash. EV of just £7M.Can't say I'm not disappointed with the trading update but the drop appears overdone imo. |
Yes if there is a profit they would mention , I think swing to LOSS this year again , |
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