Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Troublesome, when you played fly half.was that on both wings,( I,ill get me coat).
@VanV
Better not say anymore then.
ATB
@VanV
BTW - I always played fly half.
@VanV
Just for fun - don't think any of these amusing descriptions apply then :
https://www.ruck.co.uk/funniest-definition-of-every-rugby-position-youve-ever-heard/
ATB
Meow...
Easy : Your statement " The management have done pretty well so far" .
So far ?
Would probably be correct up to a few weeks ago. It's easy when things are going you way.
You have to work a lot harder when they're not.
@VanV
What position ?
I have seen good cop, bad cop scenarios played out on other message boards.
Strangely, or otherwise most of those involved have originated from Australia and desperate to earn money in order to maintain a kind of fantasy lifestyle in London.
@Naewise
Crying with laughter...
I can 100% guarantee that VanV and I are totally different people. He will likely confirm the same!!!
Although it is totally refreshing that VanV is posting really good content again, so i can well understand the confusion :)
Take Care
Pork's
The management have done pretty well so far, the company fundamentals seem sound and plenty of funds in the war chest, just a little patience. The dip, approx 50% is approx the revenue possibly lost over the the Gov contract, not through lack of info. Yes more positive info might stabilise the SP. Remember the Company are planning for life after the Pandemic as well as during. I am reasonably happy with my position and when I cease to be I shall sell up.
crl123,
Not so sure about your mental state but if its so bad it's probably not wise investing at all.
I suggest you seek treatment as serious mental illness should not be taken lightly.
Its often the case that the person suffering is not aware of their condition !
Naewise...check out todays TaylorQuant interview. A new video clip and the new antibody test all within two days.. I think your post is wrong..
The ceos toys are out of the pram and he is not picking them up
I'm expecting more.. because he wants to show up the DHSC for their woefull attitude to a company that helped out during the worst of the pandemic.
Not sure if i can be ars@ to reply to the same point being raised over and over again by de-rampers and pond life but for the sake of positivity here goes:-
What we know:-
* The dispute MAY MAY MAY affect Q4 earnings. That's JUST Q4 earnings. Then again it MAY MAY MAY not.
* The dispute is in 28 day arbitration to resolve
* The company cannot comment they can only confirm there is a dispute during this period.
* It is a regulatory requirement to declare anything that MAY affect stated earnings.
* The dispute is in neither parties best interests to drag on.
Assumptions:
* More than half the revenue in Q1 is from other business, so we can assume that at least some revenue from Q4 was also from elsewhere.
* We can also assume that its highly likely that not all of the DHSC business in Q4 is affected.
* We can conclude from that that only part of the DHSC orders in Q4 that formed part of the entire Q4 revenue MAY be affected.
My View, there are only three outcomes:-
1. This will resolve and accounts will be published unaffected
2. They will resolve and an adjustment posted against the annual accounts against Q4 sales
3. This wont resolve and drag on and accountants will put a provision in against Q4 earnings for the part of contract in dispute.
Overview
Sales for Q1 ex any DHSC were superb, over £ 35m fantastic so i see absolutely no reason why they wont hit £ 160m EBITDA this FY and have over £ 200m cash at bank.
My view is that the dispute wont change declared revenues. Solely in my own opinion i think the range is -£23m adjusted if they lose to + £27m if they win and can invoice the minimum contract value.
With a mcap of £ 300m if you think there is any more downside from here sell.
I won't be its a total farse. Further, its not like they rated the stock on its fundamental values to start with!!!! The Mcap was marked down before the crash!!!
Good luck what ever your call
Hydra.
They should. They are not.
It is bordering on scandalously neglectful. As Hamstrr said ...it is probably damaging some peoples’ mental health.
Certainly mine. You can tell from the posts!?
I have issued a RNS. Why? Because I had the money ( then) and wanted to. It was about shareholder voting for a hostle takeover.
No regulation stopping me.
This company could RNS any bl**dy thing it wanted. Just to say peekaboo we are still here and working hard for all stakeholders ( a common RNS).
They damned well choose not to.
Hence £4.
eASY :I can only presume with that ****eyed statement that you are not invested here or have just won the lottery.
@Bluelight: 'That wilful decision to keep investors in the dark is a huge part of the share price decline this year.' The big fear for many is that owing to long period of silences even when there IS some good news to report, the concern is there might be other skeletons in the cupboard. Perhaps they have now have no need for many of the recent staff appointments. Perhaps sales in other areas are dropping. Perhaps parts of the forward plan has had to be abandoned. Perhaps VanV and Porky9 are one person namely GM in disguise :) All sort of things cross shareholders' minds - all for the sake of a lack of transparency and frankly common sense no least courtesy towards shareholders many of whom are extremely worried and trying to decide whether to cut their losses, sell out and invest in a more stable less speculative company. There are lots of incredible optimists here but most, like me were completely taken aback by the DHSC issue . Now, another silence which could last a month or so probably without any news so the SP could easily halve. Now that might create a real stampede to the door by those who bought in at a low price.
They need to move on from DHSC and tell us what else is coming in. Where are they up too with building the company out. When Covid is out of the picture in two to three years, where is the revenue coming from and what is it going to look like. Any order more than a £1million would be a material increase on the £12 million contract base we had prepandemic and should be shouted about
Most CEO's would issue an RNS, if they had good poo!!!
I would imagine that, apart from the contractual dispute which was the issue of an RNS, then nothing of material note has occurred. New products coming online, for example, become of material note as they are taken up and, with the aforementioned contractual dispute and a not up to speed international sales force, this may not have come to the fore as yet. Product updates and the like, I would imagine, would come under the auspices of company news rather than an RNS, but I, along with many others, should like a steady news flow. I speak as someone who is not underwater with this share just at a very reduced profit if I want to take it which I do not.
TWO steps forward and one back
If it halves then I will buy more as its mcap will equal its cash in the bank, in fact I'd probably be buying every pennys worth i can. You are literally buying free money. The main reason I am still invested is the mcap bears no relation to its cash and its earnings. At some point they'll just close the shop and give us all bags of money. Obviously it'd be bought long before then, but still there's c120m estimate in the bank today and a mcap of 290m. I'm buying all day long at these levels, despite finding myself starting to hate the management. It's just too strong a financial position not to buy it for financial reasons alone.
I'd disagree that they don't get to pick and choose. They chose to move from monthly financial update RNS's to 6m, in hindsight bad decision. They also RNS some new products and not others, again by choice. They could release a statement on their operational plan, but they choose not to. They could release a statement on why they consider the share price action to be incorrect, they choose not to. An RNS does not have to be compulsory, there is a high degree of choice in what a company releases, above and beyond regulatory requirements. They have chosen to say nothing, and provide no details. That wilfull decision to keep investors in the dark is a huge part of the share price decline this year.
Easy12: Correct.
So can you explain why we are not receiving any ?
It would appear to be a bit of confusion here....... A company has to issue an RNS if there is news that will materially effect the share price, be it good or bad. A CEO doesn't get to pick and choose and they also have to pay for the privilege ( not a lot in the scheme of things admittedly).