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[wrighty41] 01/4/2021 08:08

More steady as she goes than fireworks but progress nonetheless.
Well done PRM.
W41

[csmwssk12hu] 01/4/2021 08:08

I think the 7.40 release means this is off the radar, wait until later when it’s noticed

[hatfullofsky] 01/4/2021 08:01

I'm expecting a retraction at 9:00, Aprils Fool actually £35k profit

[peverill] 01/4/2021 07:59

£5,given BB guidance ;-@

[csmwssk12hu] 01/4/2021 07:45

Ok so profits after tax of £300k were ten times higher than expected, cash now over £2m from below £1m sales growth 11% despite covid and expectations for further growth with or without covid, any thoughts on share price?

[csmwssk12hu] 01/4/2021 07:40

Possibly that excited over the weekend forgot the clocks went forward an hour, release at 8am lol

[csmwssk12hu] 01/4/2021 07:39

I think pev has it right slept in

[74tom] 01/4/2021 07:38

Maybe the royalty revenues have now disappeared? Someone forget the two minuses make a plus on excel?

[csmwssk12hu] 01/4/2021 07:32

Might be looking for a calculator that goes over £30,000

[peverill] 01/4/2021 07:24

Has someone slept in ???

[hatfullofsky] 01/4/2021 07:16

Not good, results should be out at 7am

[tom barnaby] 31/3/2021 20:44

Royalty revenues are received in arrears, well of course they are. They couldn’t very well be received ahead of the game.

That they don’t know what they are from their only worthwhile customer prior to informing the market is astounding.

Equally astonishing is that they found it worthwhile reporting that hundreds and hundreds of thousands of pounds had mysteriously appeared in their current account without any need for explanation.

[stocktastic] 31/3/2021 17:38

There was no analysis peverill, just a statement re royalty revenue recognition, which totally supports what I said

I suspect Jeffian and Golly, despite trying to be clever, are missing that it is royalty revenue in arrears, not sales
Hence, they are confused and wrong - imo,but maybe these 'experts' will clarify

[mashman] 31/3/2021 16:41

Good luck to all. they were still bidding 4.96 for half a million at close so looks good.

[peverill] 31/3/2021 15:39

As usual Puck all wrong with that analysis Dochow could there be, you wrote it.

[stocktastic] 31/3/2021 15:27

Jeffian, you may be misinterpreting

Sufficiently predictable royalty revenue is recognised on an accrual basis
PRM will have predicted... and more recently after being told the actuals, true'd up, resulting in the change and related statement re profits

What then do you suggest I have wrong??

[jeffian] 31/3/2021 14:49

doc,
Everything you have said from "A...." onwards is completely at odds with your opening statement that "Anyone with basic experience of real world finance will know". I can't remember your experience of public company accounts. I thought you wrote reviews for learned scientific journals?

[stocktastic] 31/3/2021 12:41

No jeffian.
Mocking a moron, yes

Golly, it is imo perfectly normal for true-ups to be made that can be materially different from estimates.
Royalty figures typically come in arrears and PRM cannot simply ask for them early in the naive way you suggest.

[jeffian] 31/3/2021 12:29

Re #88729, isn't that an oxymoron?

[tom barnaby] 31/3/2021 11:14

BOL!

What a noob!

[tom barnaby] 31/3/2021 10:35

88727

I fear the avatar is too busy pretending not to to have noticed that his only holding has failed to announce that they have secured the funding they promised by today.

[monte1] 31/3/2021 10:21

Hoi.

This is a very great company, this is. Possibly the bestest, or one of the best on AIM. Sure, they may have got little details wrong here and there in the past - but that is all behind them now.

Fire up the olde goat calculator Richard. I certainly wouldn’t want to be out of this over the weekend.