George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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I can’t understand why this would be given the rise in property prices, unless it is to the company’s benefit. Not sure what that could be but if a recent valuation resulted in better borrowing rates or tax deductions you can bet it would be done every year.
Apparently not been valued since 1999
That’s correct. The city central property assets haven’t been valued in years, and we all know what property prices have been like.
Some tough decisions have been made, which gives me confidence in this stock Conti using this upward trend
Wjt123, I managed to ride this down from £9 to £6 when Tim started selling and then waited for him to put his money back in. I went long at £5, added again at £5.75 & £7.06 . I always average into a position but happy now to hold until Tim starts selling again. I think the results of the pub disposals should shed clear light on the estate value. It's not been valued for years if I'm correct?
I have always valued the model; but, covid changed everything. (I held ezj, another story.) We were bound to fall badly, I really hope back to where it was before. Gla, take care, this is shares.
Should get back to where it was before I think. Always packed they are, cheap beer than anywhere else
Clarke I bought in after Tim's huge buy too... I think first buy was about 470 I need to check , I doubled my position at 5 something now averaging 490 ..1000 shares
I've been waiting for a pullback to add here but bought some more on open. Seems to be a lot of momentum here. I bought in after Tim put his money on the table I can't see anything stopping this getting to the £9 placing figure by summer but then again anything could happen these days.
This is off to the races, wouldn't be surprised if this continues to rise to around 10.00 but that's just a random number after looking at the share price graph. I bought in as looked cheap... Picking up £1s for 50p... As the old adage goes
Wjt123, you must have got quite a few c.£4 & your confidence is rewarded, not everyone had it.
As previously discussed this is the right model for fairly hard times when people can only just afford to go out. Desperately hard times might be another story. As an occasional customer, I note the current beer "festival" features a temporary reversal of the last price rise. It also features odd ales not seen before.
That’s right, Milnrowmug. Poor Uncle_Doug doesn’t seem to know that a lot of pubs are quiet in January.
23 Jan 23: “My local spoons has been dead for weeks”
Milnrow I've lost alot here ...it's been a hard few years I got a small amount now averaging 490 so almost 2k up at last.
Rather harsh, but it was certainly poor judgement to declare @£4.79, 2m ago, "Wouldn't be surprised to see the sp tanking over next few months." Just sour grapes that he didn't invest then, rather than full-blown moronic?
Moronic
No, I'd get out now if I were you. Looking very toppy. Will be chances to buy back below 500.
On the up, and always pleasing to see FCF increasing which is a great bonus. Had a decent pint in my local yesterday evening. Keep up the good work spoons!
To be positive he did say under £4 was worth buying, admitted to shorting, and had the grace to keep quiet since his forecast failed.
Forexscalper (last December) said that the price would be below 400p by this time
Huge shift in ownership, 70%. Now, pubs that were sold, sold for significantly less than their carrying value which is a bit disappointing given they often site no revaluation since 2000 approx. Market liking the results however, one ray of light in my portfolio today
Given Deutsche replacing credit suisse as the bank to make all others sink everyone has gone down the boozer! It’s the only ray of sunshine around today.
Still massively down, with an average of 900p. Not worried though, time will heal!
Nice to see good old Spoons starting to get the appreciation that it deserves after being run down by some ‘empty barrels’. A very well run operation, which is welcome in the communities it serves.
Hi, noted they have sold all of their interest rate swaps for a cool 180 Million approx. what are peoples views on this? guess it aids cash flow now but does not mean they are now exposed to higher interest immediately and for the foreseeable?
I’ll drink to that casapinos :-)
These figures are also for a period before recent price rises and the 11p duty cut on draught beer (beer festival is on in Spoons too!) so all positive news on a not very positive day/week/month, but the tide will turn. GLA
I've been accumulating 'spoons shares for some time now on the basis that as a well-run company in a recovery situation it is heavily undervalued. The company will never be a huge earner , because TM seems happy to run it on the basis that it offers an unique service and pays him well enough. I hold at an average in the 500's and will retain, in the expectation of an SP more than double that within a year or two. The latest figures reflect stability rather than booming profits , but they are refreshingly clear and easy to understand, JDW now own the freehold of almost 600 of their pubs and IMV those assets are probably worth almost the full MC of the company and their cash management is superb. They will return to modest divi payments in the near term which will add to confidence but Cap app. is my aim ,.The shares were in four figures pre-covid and IMV will return there.