always be buying, always be selling 🎮
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+110% today
BREAKING: Dye and Durham $DND.TO / $DYNDF annual earnings results released at 11.43pm (17mins before the deadline lol).
The market priced in bankruptcy.
Instead we got
- an on-time filing,
- a clean EY audit,
- no material going-concern uncertainty,
- Q4 adjusted EBITDA +15%,
- operating cash flow +15%, and
- $19.9M in annualized savings.
Q4 revenue was $104.2M, up 4% excluding Credas. Adjusted EBITDA reached $55.1M, up 15% YoY and 18% excluding Credas. That is an adjusted EBITDA margin of roughly 53%, compared with about 45% last year. Q4 operating cash flow was $65.6M, up 15%.
For FY26, DND generated $410.7M of revenue, $198.8M of adjusted EBITDA and $153.4M of operating cash flow. The net loss improved 56%, from $88.0M to $38.5M. Banking Technology revenue increased to $108.3M, up approximately 4.6%.
The company says it has already achieved $19.9M of annualized cost savings, well ahead of the original $11M FY26 target, with further initiatives still planned.
DND also made $172.7M of gross repayments across the 2029 notes, Term Loan B and revolver. At June 30, first-lien leverage was 5.17x, below the 5.8x covenant threshold.
EY delivered an unmodified audit opinion, while management concluded there were no material uncertainties that may cast significant doubt on DND’s ability to continue as a going concern.
Most importantly, the sale process for both the whole company and CFS remains ongoing.
Yes, the debt is heavy. But this was not a bankruptcy print.
The core business is producing real cash, margins have recovered sharply, costs are coming out faster than planned and the strategic review remains alive.
NOW IS THE TIME TO BUY!
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have said it before and will say it again: it's so fucking annoying that after you click on a post and then click back it jumps you ahead like 15 posts, every single time 😵💫
it's amazing how shit this website is @X
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new 52 week low
#dontrationalizeredflags
When even the bulls are furious at the CEO for saying $LODE is “funded,” then shamelessly pumping the stock in a string of tweets, and then immediately doing a raise at a 24% discount such that bulls are saying they are going to file a lawsuit against him, my DD is already done.
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Kraken pumped two days in a row on two different fake news stories $png.v 😂🙏
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Oh but there was this too
Kraken Robotics is featured in the Special Navy Edition of Canadian Defence Review, with an article written by Kraken President Bernard Mills exploring the technologies supporting modern naval operations.
The article looks at Kraken’s growing portfolio of underwater sensing, power, and robotic technologies, and how these capabilities are being deployed across a range of subsea platforms and applications.
If you’re attending DEFSEC Atlantic this week in Halifax, NS, visit Kraken Robotics at Booth F107 to discuss our technology solutions with the team.
Read the full article in Canadian Defence Review: ow.ly/FE5350ZUsLY
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this is insane--what is the catch?
revenue and EBITDA are going to explode from the Covelya acquisition yet the share price is down ~48% since $PNG.V announced the acquisition in March
just the market being dumb or is there a catch?
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If $CMG.TO renews the NCIB in November it could get interesting.
CMG has been a pain in the ass for the last two years but Pramod did what shareholders asked in cutting the dividend.
They then did an NCIB + SIB.
And acquisitions have been very disciplined, which is actually good.
5.7% in one go should remove some sell pressure plus improve all share based metrics; they also did 10% of the float through an NCIB this year. Pramod making the right moves imo.
globenewswire.com/news-relea…
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it worked 😂
(was mocking some director or someone for dying and thus never getting to see his RSUs vest)
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I'm sorry but this is hilarious $png.v
btw the Oct 3 post makes some good points
h/t Eraserhead
$KRKNF was priced like a technology monopoly on two pillars: batteries that go deeper than anyone else's, and Anduril as the anchor customer.
Both are significantly weaker arguments than Michael argued:
1.Depth isn't the moat: Most naval activity happens on continental shelves and in chokepoints. The North Sea averages under 100m, the Baltic about 55m. A pressure housing rated to a few hundred metres is far lighter than one rated to 6,000m, so rivals' packs are good enough where it matters. Extreme-depth missions exist, but they need a fraction of the fleet.
2.Anduril is a fragile anchor: Its drone boats failed in a US Navy exercise, Ukraine stopped fielding its Altius loitering munitions after repeated crashes, and the subsea ramp looks a year or more behind. And even if it scales, a prime with Anduril's vertical-integration habit will qualify a second battery supplier.
What's left is a qualified-supplier franchise with re-compete risk on every new platform. That deserves a significantly lower valuation.
Investing is about asking the right questions, be careful when following influencers as they often miss the right ones.
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The Government™ has made an ad about #Palantir, and it's surprsingly honest and informative.
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shitco
Wow.
Palantir, $PLTR, insiders keep selling, and nobody is buying.
Peter Thiel sold 2 million shares in March for $290 million.
CEO Alex Karp sold $65.9 million in Feb, another $86 million in August.
Insiders sold about $95 million in August alone, across six executives.
Insider purchases this year: zero.
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