Small Cap Value Report (Thu 18 July 2024) - KBT, NIOX, TM17, GNS, ALU, CRW, FRAS, DNLM, EVOK, RNO, IUG
Good morning from Paul amp; Graham! That’s us done for today – we’ve covered nearly everything on the long list today, with at least a brief comment, or a full section. Renold (LON:RNO) update – re share options, etc. I spent a bit of time last night going through the accounts again for Renold (LON:RNO, in particular trying to unravel the accounting treatment of share options and employee benefit trust, dilution, etc that we were discussing yesterday. I’ve figured it out now. What they’ve done is buy shares in the open market for the employee benefit trust, to meet share option awards. I flagged this in the cashflow statement in yesterday’s results, as a £4.5m cash outflow in FY 3/2024. There was nothing in FY 3/2023, however another £4.9m cash outflow called “Own shares purchased” in the FY 3/2022 cashflow statement. I would have just glanced at that, and thought good, they’re doing buybacks for cancellation. But the shares are not cancelled, instead they are gifted to the employee benefit trust, which seems to be mainly share options reward schemes for Directors. That’s £9.4m cash spent on buying shares to be given away (at nil cost) to Directors in the last 3 years. That…
Source: https://www.stockopedia.com/content/small-cap-value-report-thu-18-july-2024-kbt-niox-tm17-gns-alu-crw-fras-dnlm-evok-rno-iug-1002721/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary new Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula.
This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting.
Order Your Humic Fulvic for Your Family by Clicking on this Link, or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
![Report abuse](/img/report_abuse.png)