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#41 Magnet

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Posted 24 July 2019 - 03:58 PM

The decline is mainly attributable to:-
- a marginal decline in revenue compared to the 2018 fiscal year;
- new management re-assessing the saleability of inventory

 

Thankfully they addressing the set top box issue. 

ALL doom & gloom till results at month end.

 

 

Yeah would love to know the result of those assessments! 


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#42 soutie

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Posted 24 July 2019 - 03:48 PM

The decline is mainly attributable to:-
- a marginal decline in revenue compared to the 2018 fiscal year;
- new management re-assessing the saleability of inventory

 

Thankfully they addressing the set top box issue. 

ALL doom & gloom till results at month end.


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#43 Magnet

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Posted 24 July 2019 - 03:44 PM

Unfortunately no profit after write downs

 

Yep.  Still interested to see their expansion plans in the year end results and whether there are any decent acquisitions on the cards


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#44 Trader1

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Posted 24 July 2019 - 03:38 PM

Unfortunately no profit after write downs
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#45 Magnet

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Posted 23 July 2019 - 10:36 PM

Yes certainly Soutie. My reason for buying in is based on the load shedding headaches which should have seen the Ellies Solar division recover a hefty profit in h2. But like you said. Dont wagee the kids school fund on this. But with high risk comes high reward
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#46 soutie

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Posted 23 July 2019 - 05:41 PM

Unaudited interim consolidated statement of cash flows

Cash flows from operating activities (46 183)

Cash generated from operations (36 633)

Cash flows – continuing operations (52 111) 

Net movement on cash and cash equivalents

Cash and cash equivalents at the beginning of the period (74 799)

Cash and cash equivalents at the end of the period (129 497) 

 

For a business to still be in business you have to generate free cash flow. Look at the above (taken from https://elliesholdin...31-Oct-2018.pdf ) 

Simple they don't make a profit.

Yeah sure I would love to see them turn a corner.

& they are running an overdraft of R152mil

The R378mil positive balance....? I'm no accountant but I know why they trading @ 11c with a TNAV sitting in the 50c park...Set top boxes that are booked as inventory that can be sold but to who & when....? So yeah when that happens this will rocket....But what happens if they remain in the warehouse for another 5yrs...?

Pure gamble here IMO

Reason....Circumstances beyond their control which could easily sink this company.

Risk reward in the 10-13c is worth a shot just not your kids school fund or your access bond...

Cheers.

Soutie.


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#47 Magnet

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Posted 23 July 2019 - 02:28 PM

Strange that no trading statement is out. Surely numbers would be a lot different to last year's results. EPS at interim was 11cps.
With nav at 63cps there has to be a write down if this share is remaining at 11cps. Just my 2cents

 

Last year it came 3 days before final results so expect the trading statement to only come on Friday. 

 

I think this share started tanking from the mid 20's when there were management issues.  No such thing anymore so hopefully less of a risk for newbies to buy in. 

 

That being said no high net worth person will be able to get in at the moment as no liquidity.  63c Nav yes and what could set this one on fire is if there is a major acquisition on the cards.  We know they have in excess of 300m+ in cash.

 

Market cap of 68m is a joke... revenue 1.4b


Edited by Magnet, 23 July 2019 - 02:28 PM.

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#48 Trader1

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Posted 23 July 2019 - 02:19 PM

Strange that no trading statement is out. Surely numbers would be a lot different to last year's results. EPS at interim was 11cps.
With nav at 63cps there has to be a write down if this share is remaining at 11cps. Just my 2cents
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#49 Magnet

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Posted 21 July 2019 - 04:54 PM

Moment of truth in the next 5-7 working days! Any profitable result will mean 2 successive years of profitability after many years of losses. Has to be good for the share price and any probable bolt on acquisitions for growth!
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#50 Magnet

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Posted 17 July 2019 - 03:49 PM

Definately on the move now...

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Someone is sucking up a ton of sells at 11c


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#51 skeez

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Posted 16 July 2019 - 09:13 PM

Definately on the move now...

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#52 Magnet

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Posted 16 July 2019 - 04:12 PM

1.5m on the bid @ 11c and only 27k available at 12c.  If someone wants a whole lot of these they will need to pay at least 13c now.

 

There we go. 13c paid.


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#53 Magnet

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Posted 16 July 2019 - 02:31 PM

I'm not so sure that institutions would want a piece of this anymore..?

Nimble boutique houses & fund of funds maybe..?

5mil @ 11c when taken in context value wise not much...but agree there's some interest at least.

IMO only when they can show regular albeit slow growth will big boys return & that's only when they sort their boardroom nonsense & steady the ship with a well communicated strategy & some decent appointments.

I have some & mistakenly averaged down...don't want any more  but happy to hold for the above to play out...

 

1.5m on the bid @ 11c and only 27k available at 12c.  If someone wants a whole lot of these they will need to pay at least 13c now.


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#54 soutie

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Posted 16 July 2019 - 09:36 AM

I'm not so sure that institutions would want a piece of this anymore..?

Nimble boutique houses & fund of funds maybe..?

5mil @ 11c when taken in context value wise not much...but agree there's some interest at least.

IMO only when they can show regular albeit slow growth will big boys return & that's only when they sort their boardroom nonsense & steady the ship with a well communicated strategy & some decent appointments.

I have some & mistakenly averaged down...don't want any more  but happy to hold for the above to play out...


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#55 Magnet

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Posted 15 July 2019 - 11:51 PM

Hoping for another profitable year and half. IF so I think we could see a huge rerate to 30c+ with some institutional investors getting back in

Edited by Magnet, 15 July 2019 - 11:52 PM.

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#56 Magnet

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Posted 15 July 2019 - 11:11 PM

Hi Magnet

Where can u get this info? In terms of who is selling and at what quantities...

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Pretty much any level 2 provider. You can view the best offer and bid quantities for free on moneyweb or fin24. Any further detail u will need to pay for.
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#57 skeez

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Posted 15 July 2019 - 10:26 PM

Hi Magnet

Where can u get this info? In terms of who is selling and at what quantities...

Sent from my SM-G930F using Sharenet Sharechat mobile app
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#58 Magnet

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Posted 15 July 2019 - 06:08 PM

5million shares being traded today. Someone getting out?


Someone getting in as well... offer was for 11c all day. All offers getting sold into so far. See another 1mil got put on the offer at 11c. Let's see if the seller runs out of shares to sell...
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#59 Trader1

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Posted 15 July 2019 - 04:24 PM

5million shares being traded today. Someone getting out?
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#60 Shi

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Posted 13 July 2019 - 08:54 PM

Trading Statement in 2 weeks.  Wonder what the load shedding done to revenues.  Hopefully positive stuff as this marketcap is now less than 1/20 of revenue.

 

Then there must be other reasons why the market cap has suffered … Ellies is mentioned in here https://www.business...-tongaat-2019-6

 

Heres the important bit

There’s one thing common to all of these companies, which should have alerted investors to stay far away, says Peter Armitage, founder of the asset manager Anchor Capital. The dead giveaway was the combination of being heavily indebted and seeing slowing earnings growth.


Edited by Shi, 13 July 2019 - 08:55 PM.

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