The balance sheet gets increasingly concerning with now $35 mln under the credit line drawn and no progress on liquidity initiatives like sale and leasebacks.
The conference call was actually nothing to write home about with the only highlight being the November sales performance including the Thanksgiving comp.
Given the share price only the Unilife shareholders look dumb. The shares reported by JPM reside in some small funds and individual accounts and in fact have only increased very slightly from last quarter. Overall the number of shares held by institutional shareholders has come down signifcantly from last quarter.
You might want to take a look at the company's 20-F statements filed with the SEC. The company hasn't recorded material cash flows from operating activities for the last four years except for 2014. But that was eaten up entirely by an increase in restricted bank deposits that year.
You might also want to notice the steady increase in trade receivables over the last two years despite there hasn't been any real growth in the business.
The company will have to deal with shareholder lawsuits as well as the OTIV claim going forward which will drain some of the company's cash resources. Should they execute on the share buyback (which I don't believe) another $5 mln in cash would be gone.
IMHO the company has neither the solutions nor the management to achieve success going forward. There are tons of red flags all around making Supercom look like an outright fraud.
Not going belly up does not make the shares a great buy. Why holding on to a company with messy management involved in nepotism and false projections ? Which has to defend against lawsuits from OTIV and shareholders ? I don't get it.
They just bought those shares on behalf on some of their (obviously not too smart) clients. There's no proprietary trading anymore due to the Volcker rule.
Both contracts (Asia and Latvia) have been announced before and are tiny in size.
actually this quarter's dividend is just 60% of the combined company's adjusted eps and a huge disappointment. Dividend yield is far below peers currently.
On Deck Capital, Inc. (the “Company”) today confirms that it is working with JP Morgan Chase Bank (“JPM”) in connection with a strategic partnership whereby JPM will use the Company’s small business lending platform and the OnDeck Score® to serve its small business customers (the “Strategic Partnership”). The Company is in the process of building out its integration with JPM and finalizing definitive agreements regarding the Strategic Partnership. The Company expects the Strategic Partnership to commence operations in 2016. The Strategic Partnership is the latest example of both the Company’s platform-as-a-service technology and its strategy of partnering with major financial institutions to serve more small business customers.
I guess there's plenty of reason to sue the company given management's unsound statements and projections particularly when taking into account the recent share offering at $12. There WILL be lawsuits and the company WILL have to offer some cash to setlle them.
Obviously you are still having enough of the company yet despite looking like an outright idiot.
Actually the first dividend will be roughly $0.08 per share and the DNB 2016 scenario above is only a projection.
No. A 10% yield is quite common for the tanker industry. $4 would be a great reward for current shareholders.
Cowen has been the underwriter of the recent share offering and really has no choice other than to put a good face on the matter here I guess. They will already have to deal with some major client outrage internally I guess.
Borrowing fees are above 100% p.a. so nobody who has to borrow shares would be short here. Only naked shorts would be able to make a deal here,
Let's have a good laugh together about that. PERI so far has entirely failed to put up a viable business model going forward and this final shot is just another nonstarter. I take every bet that margins won't come up going forward,
EBITDA margin guided down to 10-12% on the call - EVEN LOWER than Undertone standalone. As a comparison: So far PERI EBITDA margins in 2015 have been roughly 28%...
Really ? The advertising space is actually getting rocked by new disruptive technology leaving most of the established agencies in the rain. Undertone is seemingly no exception given the purchase price of just 1.x times annual revenue. I can't remember any ad agency acquisition over the last few years that has played out for the purchaser.