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Grabbed some more on 143, absolute bargain
he should definitely come out and say he is stepping down while his name is cleared, ''THEY'' ( whoever they are) won't back off till they get what they want from him with whatever stitched up BS they have on him ... suddenly they have evidence to try him over something which happened many years ago... none of us know if he is guilty or not, but a betting man would put good odds on him being guilty so he should do the right honourable thing and step down and appoint an interim CEO till he clears his name, unless he is happy for the price to be this low so his buddies can buy in and double their money.
Yes, it's so frustrating. If it is to do with the CEO then more clarity is needed. Maybe he should step down while this is ongoing. I don't know anybody any thoughts?
I keep putting off buying back in here, i thought 170 was maybe a good buy, but now 143 wonder where the bottom is, can't understand why it is dropping everyday.
I already wrote that stocks should cost above £ 3, but so far the toxic CEO will not grow
Time to make the most of these lows. You seen annualised profit vs market cap ?
CEO is wanted, today we’ll fall, but if he announces his resignation we will grow above £ 2
Iron ore up 2.4%.
Highest of the base metals
Former MP Konstantin Zhevago was put on the wanted list in the case of embezzlement of the Finance and Credit Bank. According to an UNIAN correspondent, Roman Truba, director of the State Reservative Committee, said this at a briefing. “A few days ago, Zhevago was called to present suspicions. He did not appear, so the suspicion was announced in absentia. After that, investigative actions began - obtaining permission in court to detain and declaring the suspect wanted. This process has already begun. We went to court to obtain such permission, and now Zhevago has already been put on the wanted list, and measures are being taken to put him on the international wanted list, ”said the director of the State Historical Library.
Read the details on UNIAN: https://www.unian.net/m/politics/10714008-eks-nardep-zhevago-obyavlen-v-rozysk.html
Ok, thanks, see that now :-)
Bottom in with my 144s ? :)
As I said , rapid move coming on turn as just got to cheap now. Below NAV , prints cash !
They don’t usually update financials in quarterlies , just operational
Somebody said will add more if it gets to 135 and I thought no way, but now that’s looking a distinct possibility. Why did the company not issue any monetary figures in the last update like they have done before?
This generated $312m in 6 months ... cash from
Operations . Annualise that and its over $600m !
Deduct $70m income tax
Deduct $40m interest
Deduct $81m capex
That’s the bulk of outflow .
You are then left a significant cash number for dividends , buybacks and deleveraging. FXPO are in a fantastic spot re cashflow . These prices won’t stay down here. As I said, the turn will be fast
145 broken. There was talk of that as support, let’s see what happens now. What must the dividend yield be now? Why the f@ck aren’t buyers coming in@ this level?
This is now trading below net asset value , that won’t last
Added one more at 144