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#41 Shi

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Posted 31 July 2019 - 10:05 PM

I assume the share will be suspended till Monday then (3 month limit for results)


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#42 Magnet

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Posted 31 July 2019 - 06:33 PM

New trading statement out with better results albeit still a loss per share.

HLPS forecast change from 3c-4.5c to 2.6-3.2c.

Financials now due to be released on the 5th August...
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#43 Magnet

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Posted 31 July 2019 - 10:40 AM

9c lowest price since listing

 

Yep on less than R5000 trade.  We wont get a true reflection of the price until the volumes increase.  

 

Looking forward to the annual results today (hopefully).  I am sure the new CEO will be quite upbeat with things to come.  Hopefully some large management buys as well when the closed period ends today.


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#44 Trader1

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Posted 31 July 2019 - 10:12 AM

9c lowest price since listing
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#45 Magnet

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Posted 25 July 2019 - 12:18 PM

Surprised sellers dried up at 11c. only 170k avail now


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#46 Magnet

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Posted 24 July 2019 - 06:03 PM

Soutie if you are correct then the first sign I would be looking for is management buys after the closed period ends next week, when the results are released.

If there really is a major turn around looming they will be kicking their lips at the opportunity to get in at 10c...

Edited by Magnet, 24 July 2019 - 06:04 PM.

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#47 soutie

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Posted 24 July 2019 - 04:58 PM

Agree totally with comments Re: Management. However an acquisition I f%ckin' hope not....!

They don't have any free cash to buy paper to correspond with or for the details of a deal to be written on...!

Can you imagine the dilution @ 10c/share... :D  :D  :D

TNAV will be reset & set top boxes will be written off completely I hope. Then there's very little downside to come & plenty potential upside available.

Steady the ship up the ante on communicating the new strategic targeted turn-around.

No news flow & this will be sub 10c in no time...


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#48 Magnet

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Posted 24 July 2019 - 04:48 PM

This is an example of a Big Bath. New Management is getting all bad news out so future earnings will make them look great.
They even took out the profit that raised interim result earnings

 

Exactly.  Sounds like they put considerable effort into making that trading statement sound bad.  Watch them sort out the top box inventory, fund an acquisition and build on the solar and lighting business. think we are at the bottom now.  Hopefully!


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#49 Trader1

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Posted 24 July 2019 - 04:45 PM

This is an example of a Big Bath. New Management is getting all bad news out so future earnings will make them look great.
They even took out the profit that raised interim result earnings
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#50 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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#51 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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#52 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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#53 Trader1

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Posted 24 July 2019 - 03:38 PM

Unfortunately no profit after write downs
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#54 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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#55 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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#56 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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#57 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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#58 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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#59 Magnet

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Posted 17 July 2019 - 03:49 PM

Definately on the move now...

Sent from my SM-G930F using Sharenet Sharechat mobile app

 

Someone is sucking up a ton of sells at 11c


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#60 skeez

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Posted 16 July 2019 - 09:13 PM

Definately on the move now...

Sent from my SM-G930F using Sharenet Sharechat mobile app
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