George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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"What was so bad about the Stadium deal?
"[Stadium] pumped around £2m into its Hartlepool site over the last two years to create what officials describe as a European manufacturing centre of excellence." 16 Feb 2018
https://www.thenorthernecho.co.uk/business/15996227.tt-electronics-makes-move-hartlepool-based-stadium-group/
"
You never did answer my question HogBog!
True but there is good active buying and the ISA close, new ISA, new SIPP, ‘ buy in to get divi’ movement will continue for a few weeks so I’m remaining optimistic. Their significant trimming of loss making factories and big salaried downsizing will pay off in time. So glad they ditched that old Stadium purchase. Buying that was a catastrophic decision by someone.
Back in today with double of my original position
That tidal surge didn't last long..
Rather overdue. Be nice to get over 200 soon.
Bought a few more.
Oh, do tell. Pretty please..
Good guys, found better opportunity elsewhere.
I tunned in to the webcast and got a bit of extra flavour. 2023 was an inflection year with strong cash conversion (92%) which has reduced gearing to 1.7x and, when the proceeds of the sale to Circo Group come in, it falls to 1.5x with further progress to the bottom end of the target range of 1 - 2x by the end of the 2024. The write down on this sale of £32.5m was taken in 2023 resulting in negative statutory accounts again. The loss on the HVAC breakdown was C£3.0m compared with £2.0m previously estimated and, hopefully, will not be repeated this year. Looking forward they are confident of making a 10% margin this year, all be it on near flat sales, so we should see some eps growth by the end of the year. Mark Hoad did much of the talking. Peter France, as he said himself had not given this type of plc presentation for some years and confined himself to good sounding generalities, in my view. He will reveal more at the open market day (April 9th) and has ideas for changing the management structure. The company is in good shape and I came away with the impression that they will get the business in a strong, low leveraged position by the end of this year. Do they then want someone to buy the whole business? I suspect so and we will see an honourable end for this little company with the shareholders making a decent return.
Yes, looks good all round. I will come back after the presentation if there is anything worth saying.
Look really strong across the board, really bullish future guidance, above pre Covid levels, nice divi increase. This should bounce well this morning after sliding on no news for months
The disposals look sensible although the share price continues to disappoint. Maybe the results tomorrow will prompt a rally - see that cityconfidential have suggested a buy ahead of the results
What was so bad about the Stadium deal?
"[Stadium] pumped around £2m into its Hartlepool site over the last two years to create what officials describe as a European manufacturing centre of excellence." 16 Feb 2018
https://www.thenorthernecho.co.uk/business/15996227.tt-electronics-makes-move-hartlepool-based-stadium-group/
As a Stadium holder the takeover made me money, but the SP did take a tactical dive just before the deal so I could have made quite a bit more. TT Electronics has not made me any money!
TTG received a positive write up on Stockopedia this morning and a Green rating and the SP had a nice tick up today. Maybe the market has woken up to TTG.
Certainly was excellent news. The Hartlepool and DG sites are the leftovers of the disastrous Stadium purchase which left TT with these poorly invested factories. Cardiff had big issues too. A good move for cash and means the remaining business is all Swiss-watch like and well invested and profitable/highly profitable.
This morning looked like more good news to me. Presumably that money will go towards improving net debt without sacrificing any material profits.
Market doesn’t agree. Hopefully that’ll change.
My advice is to hang on. It's always tempting to sell when it's like this, but I can't see any logic to sell based on what we know.
British stocks tend to be massively undervalued right now and ripe for takeover, especially those with technological assets.
Of course if you are like a certain ex-president you might need the money in a hurry, but otherwise..
Lol
Well I've hit my stop so out now. Daft just watching it fall every day. Felt it will probably drop more on results.
Just added more. Short term anything can happen, so advantage of it if you have spare cash.
I'm in no rush to make money with this one.
Not looking good for either of us. Relentless selling. Seems that someone knows something....
Bought a small amount today. got them at 152. Looking at the NT site he paid 157.
Https://www.adsadvance.co.uk/tt-electronics-to-provide-challenger-3-cable-assemblies.html
Well done Wildtiger looks like you have saved yourself nearly 50p on the downside. I'm still holding TTG and looking for growth in PTP when the results for 2023 are published on 7th March but am a bit concerned that the new CEO (Peter France) will want to throw in all the provisions possible so that growth in 2024 looks good. (I have been around long enough to see several incoming CEOs do this in small quoted stocks.) That said, I expect even further PTP gains in 2024 although this early on in the year much could go wrong. My estimate of fair value for TT is 205p but I expect it to continue to trade below fair value; I just hope the discount will reduce. I think you will make money Wildtiger but I have a vested interest !
Sold this at 195p last year. The UK Army will need many more tanks for the pre-war phrase and TTG plays an important role in that