272 replies to this topic

[Sleepwa123]

Ja I'm holding for now but will analyse the financials closely to see where it went wrong. 

 

If it is once off accounting adjustments then I may still hold.

[andi222]

Ai really bad trading statement. EpS down 90%

No idea what they did but looks like the turnaround plan doesn't work out.

Will keep my fingers off this one for now.

With EPS of only 0.4 cents I cannot see a value of more than 20 cents.

That would already imply a EPS multiple of 40.which is super high already.

No recommendation to trade just my personal view :/

Sent from my SM-G973F using Sharenet Sharechat mobile app

[David-89]

I received a reply this morning. "We should finalise all the information this week and also obtain board approval. The SENS announcement will be out next week."

Fingers crossed, they stick to the timeline.

Thanks for this. Something to look forward to next week besides Friday 5pm

[Sleepwa123]

Thank you for going through the effort.

This will be an interesting one. Hopefully we start to see traction on the share price.

[Bushmanbob]

It seems as if 4SI has completely forgot they have interim results

 

I received a reply this morning. "We should finalise all the information this week and also obtain board approval. The SENS announcement will be out next week."

 

Fingers crossed, they stick to the timeline.

[David-89]

It seems as if 4SI has completely forgot they have interim results 🥲

[Bushmanbob]

Thanks Andi. Definitely some complexity in moving across to SA but the comms are poor around timing...

I agree and I haven't had a response to my email to their investor relations people.

[Sleepwa123]

Thanks Andi. Definitely some complexity in moving across to SA but the comms are poor around timing...

[andi222]

They will issue interim results before end of September.

Hold up is that the reporting currency has changed and they will now report the numbers in Rands instead of USD.

Sent from my SM-G973F using Sharenet Sharechat mobile app

[Sleepwa123]

Still nothing here from June interims! Surely Covid is not an excuse to delay like it was last year?

[Bushmanbob]

Not overly concerned with those volumes as it only amounts to a total purchase value of around R1.246 million.

And that's for shares offered at 30, 31, 32 & 33c

[Bushmanbob]

I don't think results are pleasing as we have 3 big walls of 3 million shares at 30-32c
They most likely know something already

Not overly concerned with those volumes as it only amounts to a total purchase value of around R1.246 million.

[andi222]

Yeah a bit concerning. Also hardly any buyers lol.

Sent from my SM-G973F using Sharenet Sharechat mobile app

[vishalsur]

I don't think results are pleasing as we have 3 big walls of 3 million shares at 30-32c

They most likely know something already 

[andi222]

No communication at all from management or investor relations on interim results. Really poor.

Sent from my SM-G973F using Sharenet Sharechat mobile app

[David-89]

Not sure why they are taking longer again to release any trading statement. Last year we got the interim financials by 24 August. This year so far we got nothing.
Very disappointed indeed. But let's see what happens.

Sent from my SM-G973F using Sharenet Sharechat mobile app

If I’m not mistaken typically a trading statement will only be released when they expect earnings to differ to previous year by around 20%? I could be totally mistaken though. If I’m correct then we might not see a trading update and will just get the interim financials.

[andi222]

Not sure why they are taking longer again to release any trading statement. Last year we got the interim financials by 24 August. This year so far we got nothing.
Very disappointed indeed. But let's see what happens.

Sent from my SM-G973F using Sharenet Sharechat mobile app

[andi222]

We should soon see a trading statement. Maybe even tomorrow as I'm expecting interim results by next week if they stick to the timeline as last year.

Also they have signed numerous new partnerships and also the whole corona situation will be beneficial for the numbers.

Will be very interesting to see how they performed.

Sent from my SM-G973F using Sharenet Sharechat mobile app

[David-89]

I don’t think the share price is being manipulated especially as the volumes are so low it wouldn’t really be possible. I think the share price is just suppressed due to being thinly traded so no large volume buys can be made and then there isn’t much communication from management apart from the bare minimum SENS announcements they have to issue so that doesn’t promote much interest in the share price from the general public not following the company closely.

[Sleepwa123]

Ja this share worries me in that the volumes are low and people are manipulating the price. It is range bound at 27c to 30c.