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Not a good rns despite all the ramping .
No way is the a slither of this market cap justified
Yeah, the use of the word subsequently in the RNS. Even the smallest of small cap companies' directors have training in RNS wording, she has in my opinion chosen that word to indicate the growth in business hasnt happened yet as they expected.
Hi could you please elaborate on "Stella now talking about building the service AND THEN developing business. Definitely not picked up as much as they thought, but then agaun they have removed their targets anyway which was a first warning sign."
When did she say this? And what targets are they removing exactly?
Im not sure they are hemmoraging cash but i absolutely do think they were brazenly bullish about tge time to conversion of their leads and the opportunity.
Stella now talking about building the service AND THEN developing business. Definitely not picked up as much as they thought, but then agaun they have removed their targets anyway which was a first warning sign.
Saying that, good rise today and not much on the ask, a few more chunky trades and this could blow out very quickly. Deal must be getting done quicker than anticipated? Or for more cash than the markets are pricing in.
September 5th is when we will see how much cash they are really making....If they have started to convert their controlled market into fees/rebates £1 will look very cheap, with £4 being more like it
They are bleeding cash. I can see why they need to sell assets
Surprised not sub 100p already
Anyone. I look at them but am a rank amateur. Right now it looks to me as if ALT is trying to break a ceiling around the 112-113p mark. Any thoughts/comments?
Thanks
GS
Positive in my opinion, good to see further institutional investors taking material stakes. It was z labit of a risk having only two main fund backers before. Some are saying it would be good to see the Exec take material positions, I concur with this.
My guess is Hargreaves Lansdown, hopefully not one of the Directors.
Lovely jubbly. Some nice price targets for some key board members. Shirt term as well. Confidence growing in this company. More shares will be purchased by me, I'm in at 1.05. Need to sell a t+3 tomorrow and big middle of next week. This is a 1x bagger short term guys, nothing more nothing less.
A few 30k buys and a lot of 10k recently. I suspect this is one investor building a stake. An update to market end June? Think the market has seriously underforecast the revenue trajectory
Slightly downbeat write up in SCSW at the w/e. Like some, he is miffed at the KPI re platform sign-ups being dropped and he is unimpressed with what he calls commission for advertising suppliers to the members of AIM.
That is probably responsible for the drop today which on a purely selfish note suits me fine as I took spreadbet profits on Friday intending to open new contracts after 16th June.
I also fundamentally disagree with SCSW's downbeat article and analysis. Sure, $2m a week in April is a run rate of $100m p.a. but the trajectory of throughput of AIM purchases went from $1m p.w to $2m p.w in just one month (and it was just under $400k p.w. in the prior year). That suggests to me that the run rate is increasing very fast indeed and that sales for the 12 months from May will be hugely in excess of $100m.
Each to their own.
GLA
GS
Indirectly some of this may be my fault. I had a Dec 2018-June 2019 £400 a point bet on ALT (which would be closed on 16th). Since I took it out at 79p and was sitting on a very nice profit, I thought discretion was the better part etc and closed today in three tranches. That equates to 40k shares. 15, 15 and 10k. Apologies if it was me. I still hold about 20k in SIPP and ISA and will probably open another spreadbet when the new contracts are available after 16th June. I think this has a long way to go yet.
GLA
GS
Unsure if the seller is still there, will watch for the 10k and 15k disposals, strip that out though and you have some severe buying pressure coming through here.
A wee top up for the CEO wouldn't go amiss.
Loads of big round numbers being sold. Big order being worked through by the Mms. Once this is clear it will start to move again
Must be...some decent buys going through today.
Doh - sorry - found it. SCSW/Finncap in Dec 2018.
I have not looked at this hard yet, but I think that number has been overtaken by events. Finncap's latest update (28/5/2019) shows 2019 and 2020 full year estimates as follows (figures in £m):
Revenue £18.5 (2020 £35.2)
Adj EDITDA £6.5 (2020 £13.3)
PBT £5.9 (2020 £12.7)
P/E 15.8 (2020 7.5)
And for those especially interested in free cash -
Free Cash Yield 3.5% (2020 12%)
GLA
GS
GS, I believe it was in one of the SCSW copies.
Very satisfying day in all sorts of ways. Let's hope we see many more.
@Burningspear - are you able to elaborate on where you get b/e revenues of $150m pa. from? I must have missed/forgotten it. Thanks.
GS
nothing, It was meant to be sarcasm aimed at the intelligence that is Nickel.
I am expecting these to be well north of here should the traction gain momentum.
$1m a week in April to $2m a week in May shows the potential. The break-even is revenues of $150 pa.
Operational gearing thereafter is eye watering.
Because the market is struggling to price the revenue potential of the recent acquisition. My view is this will become a mid cap stock with positive earnings within 12 months, will be interesting to see what they say at AGM then earnings release in Sept. Should get an idea of growth, the rate of which you can extrapolate out to give a conservative model as likely growth will be on more of an exponential curve as they mobilise salesforce and formalize contracts.
They will then catch the eye of UK managers with AIM IHT portfolios, once earnings and cash flow positive. Company have no debt but a debt facility on good terms with investec which they can draw upon if needed. Cash on the balance sheet from placing earlier in the year to expand marketing in the US.
In my opinion this is is a big opportunity, but I'm hoping not too much in the next week until Aegon put it on their platform is I can buy in my pension (already have in personal, bought in yesterday).
Oh but the sheer cash yield of it all. Oh but the net assets of it all!
Why is this going up????
LOL.
Hi Nickel, it's normal for a company to have a negative FCF when there is significant op ex ramp up, it's a feature of expansion. They have cash on the balance sheet and a credit facility on reasonable terms with investec. No more placing this calendar year m my opinion, then I guess they will assess what they need.
Look at blue prism by way of an example of the above. Company still doesn't cut a profit but is on 1bn valuation.
It's just a function of a growth tech stock in the fourth industrial revolution we are seeing right now.
I note you are a trader given your posting history, quite successful if your posts are truthful, good luck to you with that strategy but I can't agree with your negative sentiment here
Go on then Gs.
What's the free cash yield ? Do you disagree that net assets are a tiny £4.4m? Do you disagree that they are burning cash ?