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EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms Watch Here

EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors


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Member Since: Thu, 13th May 2010

Number of Share Chat Posts (all time): 1,991
Number of Share Chat Posts (last 30 days): 18

Last Posted: 3 Jul '18


Post Distribution over the last 30 days




3 Jul '18

I think the Pound could fall to new lows against the Dollar and Euro in the next 6-12 months as we crash out the EU and Theresa May is forced to call a General Election. Couple that increased tariffs into the EU and a general cool down in UK markets which may feed into the retail sector and it's the makings of political and economic meltdown.
3 Jul '18

I agree with this broadly speaking, but the thing to remember is Trump is acting on a very short time-frame where as China have a president for life, Russia too pretty much and the EU are led by a closed club of bureaucrats scratching their own backs. I can't see a recession coming but a period of inflation, rising rates and choppy markets. When Trump leaves office which is surely going to happen next time around, some of the decisions he made will be reversed
2 Jul '18

one to watch, think this offers an attractive entry
2 Jul '18

£90k loss after tax discounting the £640k one-off impairment whilst disappointing is hardly a reason to sell at this level. The group expect further growth and reduced losses in the year ahead as the business in Malaysia continues to grow whilst the MiTP business in Bangladesh requires more investment (albeit less than initial costs). The Interim performance has already finished and those details will be released in mid September. Between now and then it would surprise me if we get to buy MBO shares at the 4p level giving the amount of cash retained and likely to rise in the foreseeable future. I think we were all expecting 6p+ but the impairment came out of the blue. Hopefully the cash build will have continued in the first six months of MBO's 2018 Financial Year
29 Jun '18

Liberum note is a total joke. Wait until July and watch for the correction in the next few weeks! As ragnar mentioned the basket price is solid thanks to Rhodium. Expect more headaches concerning Lonmin which may spill over into other South African PM miners like Impala who will also be struggling in the current environment. Sibanye have a tough road ahead if LMI falls under their control. Thankfully SLP are a solid little earner and the board have a proven strategy taking the share price from the 5-6p level a few years ago to current levels.
28 Jun '18

Wideyed - are you referring to the recent update? I'm not sure if they indicated the profit figure, revenue was mentioned at $130m. Also this falls comes despite a $40m+ cash raise to acquire businesses which were supposed to be income generating on acquisition. So discounting their presence the fall in revenue would have been greater, correct? Whichbingo more recently will affect future HY and FY results however it is a little disconcerting to see the company effectively 'treading water' hence the short term negativity boiling over. I might be wrong but it justifies exodus of capital the like of which has been seen here. With that said, I would expect a correction in the second or third week of July in anticipation of the trading statement.
28 Jun '18

Agreed, that was my attempt at sarcasm. Last I heard from Jolly he was predicting a market correction which may explain his absence on the boards now. I haven't been invested in MXP for years now so wouldn't like to comment on their current operations, GGP doing well and expecting KRS to jump out of second gear in the not so distant future ;)
26 Jun '18

How can one man(iac) reap so much harm on so many!? This trade war escalation is purely of his own making and causing havoc on the markets which affects not only millions of investors but also the hundreds of millions whose livelihoods and job security relies on flexible trade terms. Take Platinum, the price depreciation we are seeing is going to cause job losses and if not potentially wage freezes and no doubt that will lead to mass protests and potentially another Marikana. Anyone else share the view he alone is causing markets to tumble and prices to slide?
26 Jun '18

nero120 the share price is now the lowest it's been in more than 2 years and most here agree the situation will get worse before it gets better. There is no reason to sell of course if you think this will all blow over in a couple of month. I don't hold any shares but I know this is an attractive price historically speaking so if the government reestablishes control I'll buy in. At the moment it feels to me like Ortega is heading the way of Zuma, only his entire government may fall and not by democratic process either. I won't be surprised to see a military coup or military backed move against the government. Difficult to say if Condor will suffer as a result but permits aren't coming any time soon.
26 Jun '18

worth reiterating, yesterdays update mentions Newcrest went to 533m and 528m (presumably at a 25-30% incline), but GGP have drilled deeper and it's at the 570m to 580m level our best intercepts are to be found.

Look at the difference in grade. Quite extraordinary!

If GGP had stopped at the 530m to 540m level we would not have uncovered the bonanza grades which is exciting for a couple of reasons!

1) It may boost confidence of further bonanza grade finds at this depth from holes 2, 3 and 4
2) It justifies follow up drilling and makes Newcrests decision to walkaway look questionable given they didn't drill deep enough, a mistake on their part!
3) With enough cash in the bank I think GGP could secure funding for a high profile investor, possibly a mid-tier producer in the area off the back of results although perhaps it's too early to call this. Calidus did just that recently securing $10m and financing their KD drilling campaign and then some. That would be a good sign if additional funding came out of the blue.
26 Jun '18

this feels good
25 Jun '18

Prospector - todays update mentions Newcrest went to 533m and 528m (presumably at a 25-30% incline), the figure being the length of the drill at the incline so it's somewhat shallower. But it does look like GGP have gone deeper and the best intercepts show up around the 570m to 580m. If GGP had stopped at the 530m to 540m level we would not have uncovered the bonanza grades which is exciting for a couple of reasons!
1) It may boost confidence of further bonanza grade finds at this depth from holes 2, 3 and 4
2) It justifies follow up drilling and makes Newcrests decision to walkaway look questionable given they didn't drill deep enough, a mistake on their part!
3) With enough cash in the bank I think GGP could secure funding for a high profile investor, possibly a mid-tier producer in the area off the back of results although perhaps it's too early to call this. Calidus did just that recently securing $10m and financing their KD drilling campaign and then some. That would be a good sign if additional funding came out of the blue.
25 Jun '18

Am I right in assessing Newcrest's historic drill holes HAC9101 and HAC9201 were drilled to depths of 533m and 528m yet the best intercepts in today's update are around 570m to 580m?

That might imply both Newcrest and Greatland had no idea just how high the grades would go and so todays announcement might attract criticism of Newcrest for their decision to back out of the project.
25 Jun '18

I would normally advise against buying a spike but the results at Havieron are really good. Putting it into perspective, the quality of intercepts are I believe en parr with Mariana's and probably near the early stage results released by SOLG. The question is will the other three drill holes demonstrate similar size and grade finds? This has suddenly become Greatlands strongest asset! Hoping for a bite of the cherry when things quieten down in the next few days gla
25 Jun '18

Agreed, todays price means very little in the scope of what's happening and what may yet unfold. Even if the current pro-mining government remain, they have bigger concerns than awarding Condor it's long awaited permits.. If the government is topped either by the people or by a military coup, the future looks even less certain.
25 Jun '18

Incredibly undervalued, compared to where HAYT before and following the acquisition of Ormandy into the larger AVG group and the new contract win and notice of further tenders. This is making all the right signals and 250p should come any time now IMO
25 Jun '18

Mon, 25th Jun 2018 07:00

Notice of Full Year Results, Contract Win and Trading Update

Avingtrans (AIM: AVG), which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors provides an update in respect of its financial year ended 31 May 2018.

The Group maintained the positive performance of the first half in the second half of the financial year and is pleased to report that full year results will be in-line with market forecasts.

Trading remains strong. The Group maintains a robust order book and order cover, including run rate business, as at 31st May is at 72% of revenue expectation for FY2019.

Net debt is marginally higher than previously anticipated, due to the investment of additional working capital following the acquisition of certain assets of Ormandy Group Limited, as reported in the Group's interim results.

Following the successful integrations of Hayward Tyler Group and Ormandy, the Company is pleased to report an improved margin mix and, as such, expects its profit in FY2019 to exceed previous expectations.

Contract Win

The Company is pleased to announce that it has been awarded a contract with a UK Government agency, worth circa £5m. The project is scheduled for completion during FY2020, split evenly over the next two years.

The UK Government agency, which is a new customer for Peter Brotherhood, has signalled that access to our large scale, world-class facility will give Avingtrans the opportunity to tender for further business.

The contract's implementation will utilise a combination of resources from both Peter Brotherhood and Metalcraft. The Board views this win as further justification for acquiring Hayward Tyler Group and demonstrates its successful integration.

Commentating on the contract win, Austen Adams, Managing Director of the Process Solutions division, said:

"We are delighted to secure a new and significant contract for Peter Brotherhood which, following the Hayward Tyler acquisition, is an important part of the Avingtrans group and gives the group significant opportunities to tender for new business in new markets."

Commentating on the contract and the trading update, Steve McQuillan, CEO, said:

"This is an excellent contract win for Austen and his team and it demonstrates the leverage that the group can exercise, by coordinating the efforts of the teams in different business units with complimentary capabilities. The Hayward Tyler and Ormandy integrations are going well and we look forward to updating shareholders at the time of the results in October."

Notice of Results

Avingtrans will publish results for the twelve months ended 31 May 2018 on 3 October 2018.

The management team will be hosting a presentation for analysts on the day of results at 9:30am at the offices of Newgate Communications, Sky Light City Tower, 50 Basinghall Street, London, EC2V 5DE.
21 Jun '18

Can sell 100,000k for 5.1 reckon there is a decent order waiting to be filled and with results due next week they are cutting it close! 8p coming
16 Jun '18

With respect GeologyStudent it's worked examples like that that cost unwitting private investors their hard earning capital. I'm not saying your example will influence others, just yourself. If others continue to use such worked examples as a basis of their investment they will lose money. For all the good a NPV provides it is actually completely meaningless when it comes to share price predictions. You've stated 550m shares in issue in 2021 but KEFI will have just £1.6 million between now and then. I expect they will be back for more financing in 2019 for general running of the company. Despite project level funding the risks here are enormous for a small company making the leap to production and I would anticipate delays to the timeline mentioned. Nobody is in possession of the full picture at this stage but before this dilution which I expected to be heavy, I said KEFI had more chance of hitting 1.3p than 13p. I don't think Fridays low is the floor so what I said ironically a few months ago is likely to come to fruition but it's nothing to do with project fundamentals. Of course a project must demonstrate attractive fundamentals, otherwise how else would they attract the necessary funding hence my point about these calculations.

I would hazard a guess most people playing with AIM-listed stocks and listening to the likes of T.W lack experience in this industry and rely somewhat on the predictions of others, brokers included. Shareholders invested in explorers at this stage of the cycle nearly always suffer. Trading your holding is admirable as some claim to be doing and all the respect to them for making a go of it, but in my opinion it is safer to sit and wait. Just to clarify I was here in 2010 when KEFI got swept along with the gold rush and believe once the macro situation improves and this company is on the eve of production will be worth holding on to.
11 Jun '18

There is a very obvious reason why trade with the EU amounts to around 50% and that of the Commonwealth just 9% and it comes down to the 'EU club rules'. In other words, if you're in the club, paying your enormous annual fee then you get to ride the gravy train. Of course the tax payers from the wealthiest 5-6 countries stump up a disproportionate amount of the EU bill and this subsidizes industries we neither need in the case of certain farming projects in Spain and parts of Eastern Europe. One of the benefits, free trade enables cheap access to Europe's markets but look around. France, Italy and Spain are doing terribly. Portugal and Greece are smaller cases but equally troubling. Germany and a couple of their neighbours off decent trade potential but once Britain leave the EU we will see trade decline as tariffs and higher export costs bite on both sides. But it's no exaggeration to say British industry has suffered due to the binding trade agreements and rules which the EU has enforced on manufacturers. British people don't realise the value of British goods when it comes to the rest of the world. Our country might not be popular across the EU now but who gives a flying f*ck when the Chinese are still looking to Britain for leading market status in Europe, Canada and the US have stated they want to increase trade and are open to talks and a host of other countries are keen too. Oh and the Pound has come down from artificially high levels. The only things that need to happen are rate increases and a house price correction. Make housing more affordable, give savers a reason to save and force people to actually work rather than live off the rental income of their second or third homes


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