Spaceandpeople Share Discussion Threads

[hatfullofsky] 23/2/2024 19:28

Don't you need to declare that Roley, TR1 ?

[dave4545] 22/2/2024 22:00

wow big holding

[roleybirkin] 22/2/2024 17:35

I hope the 5,836 was a smart trade as it takes me to 6.99%…

[dave4545] 22/2/2024 16:22

5836 buy on Aqse at 81p earlier

Basically the little trades are the sales of people who paid higher on the 50% spiker and the buys are the larger trades the smart money so to speak

[rimau1] 22/2/2024 10:46

Yes agreed Dave. I like the tailwinds with Sal - rates have peaked so survive in 2024 and reap the rewards in 2025 and the rock up and pop up concept is genius.

[dave4545] 22/2/2024 10:14

It's not going to drop, any interest and it's off quickly. The traders will still sell on a quote like the 1k did but there's too much interest now it's a real bargain.

[rimau1] 21/2/2024 10:12

Agree with comments here. I treat my investment in Sal as a private company and as a poster mentioned a few days back there is only liquidity on big news days. Fortunately i paid between 61p and 67p for my 0.8%. Will look in again closer to results or maybe a new contract announcement.

[roleybirkin] 21/2/2024 09:23

That is ridiculous but unfortunately the RSP shows 71.5p for anything over 1250 shares
Hence happy to wait until I can buy lower...

[dave4545] 21/2/2024 09:03

Nice margin for the mm so a seller gets 71.5p but the buyer has to pay 78.75p !

[roleybirkin] 21/2/2024 08:47

The stock may well drift until the accounts are formally announced.
I do sense you may be able to buy below the 70p level in a few weeks?

[dave4545] 21/2/2024 08:33

3545 paid 84.5p sold for 71.5p

No bid online atm at 75p just 500 shares.

This bargain may well become a even bigger bargain later today

[dave4545] 20/2/2024 09:27

Was 4 bid on 80p but weak bid so 3 have dropped and the last will probably drop too.

Then a few more chasers from yesterday will take losses and drop it further

Then the smart people will take advantage and get size at a lovely price me included
so keep selling you get rich quick players

[hatfullofsky] 20/2/2024 07:05

19/02/24 Zeus Note - (multiyear) valuation 220p

[dave4545] 19/2/2024 16:19

Today's late action makes sense. It gets up 40-50% and a load of get rich quick traders jump aboard but it does not push on and all of them sell.

You can match up loads of buyers 90p+ selling again for a 10% or more loss.

7915 paid 93p sold for 83.33p was the most notable.

82.75-87p online things have settled

[rimau1] 19/2/2024 14:39

Its better than that. Without interest payments during H2 i suspect PAT FY23 will be 300k with 800k net cash so cash adjusted historic multiple 7x but FY24 could look very different if they have operating net cashflow of over 1m pa

[roleybirkin] 19/2/2024 13:16

The market will have a rest at the 80 to 85p level as the rise of 40% plus will bring out some selling.
I sense that it may then drive forward again...
Target 150p short term as mentioned that will be a valuation a little under £3m.
If profit pushes towards £200k then a historic PE of 15 which is maybe fair value?

[hatfullofsky] 19/2/2024 12:33

Fantastic update, I have 2 near term price targets 100p and 150p for a £3m valuation

RUPU must be trading well to separate the revenue streams

Revenue £5.8m
Cash £1.9m v £556k at HY23
Debt £1.1m v £1.3m at HY23
Net Cash £800k v Net Debt (£763k) at HY23

Estimated H2-23 Op Cash £1.54m !!!!!!

[rimau1] 19/2/2024 11:49

Good to know dave thanks

[purplepelmets] 19/2/2024 11:48

A LTHs view on this is it has been bloody frustrating, with a brief glimmer of hope pandemic time. Is a turn around actually happening now? Does seem so, fingers crossed. Goes without saying any real progress and this will multibag from this level in a heartbeat.

[dave4545] 19/2/2024 11:31

rimau1

Agree 100% it should be double the price instantly but checking limits atm there is size offered so I think they are working that seller mentioned on the 8th

He had 155k so should be able to offload a good % of that with the demand and if they shake it lower they will clear even more as people will pile in on a dip with these
fundamentals

[rimau1] 19/2/2024 10:54

Yep understand that, i am interested as a buy and hold illiquid investment, its a £1m marketcap after all. I own a decent chunk now!!!

[babbler] 19/2/2024 10:40

You are missing how low the free-float is hence hard to trade outside of news days...

[rimau1] 19/2/2024 10:32

I have a price target of £2.

[rimau1] 19/2/2024 10:30

Roley - i think they are in a net cash position. Gross Cash of £1.9m less term loans of £1.1m and an undrawn debt facility = 0.8m net cash which implies not only a profitable FY2023 but an operating cash inflow in H2 2023 of £1.5m. What am i missing here anyone?