Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bid rising
Are we stuck
That will do like ONL. First day was up to 60% by end of that day closed 17%. Next day went to 400%.
MM's Collecting shares for BOOM
Not sure you will get any dips, this is only going one way and that is up and up
Yep will be massive company this. Load up territory . Looking for any dips
PLUS Shandong Ruyi Group is one of the largest textile manufacturers in China and ranks among the Top 100 Chinese multi-national enterprises. AND through forming this strategic partnership with Shandong Ruyi Group together with the significant increase in capital, the transaction has the potential to transform the Company and its ability to compete and win major apparel manufacturing contracts from the world's largest retailers.
$16.5M ~ �12.5M @ 3.5p for 54% of the company That would value the company over �20m
Wait and see guys.
This could easily run to 200% today
Lets see that
Beamer. .is that the same Milton who bought a large stake in FBT last year @ 10p for 30m shares?. Currently sitting on a hefty loss!. Wouldn't see that as a confidence builder as it seems Milton have as good a chance of hitting the bull as the rest of us. B
but remains a long term buy and hold for me Milton holding a large stake here
We shouldn't forget that the management here are highly incentivised by the structure of the option scheme. As I understand it, they have already received 25% of their options, whilst the remainder vests in 25% increments over the 5 years of the scheme, only when the Share Price reaches the milestones of 8p, 10p and 12p.
Weapon7, I guess people get bored waiting for news. For me, it seems like a great opportunity to get in at the beginning. This is almost like a new company, with new management, new financing, lean cost structure and a manufacturing set up geared strongly for growth. The business is making only a small loss, even at these levels of production. It isn't too difficult to see good profits when new orders come in, provided they stick to their pricing model. Given the history of the company under prior management, I can't see current management repeating the mistakes of the past. There is good institutional support here and, with very few shares in the hands of small investors, I can see this share ticking up quickly when we get some good news on orders. IMO a strong buy at these levels.
$60mil revenues for full year, no debt. EBITDA $1.9mil for only half year. $7m cash Business ramping up. £7mil cap, sp on all time lows. What am I missing catonahottinroof why is this so cheap.
Also bought some, looks very undervalued.
Pretty much as expected. Net cash on balance sheet. Good level of interest from potential new customers, as the operation ramps up in Ethiopia.
I've just bought another 200k shares today @ 2.34p, although showing as a sell. I see this as a great opportunity. The company is largely debt free, has a solid supportive institutional investor in Miton, is gearing up operations for growth and has stripped out costs and old management making it a lean operation. Once Ethiopia is kitted out for expansion (we now own 100% of the operation there) we should see revenues increase. The pricing model being adopted now means that additional revenues should translate into improved profits. Strong buy IMO.
In 2016, it repaid all borrowings, reduced annual costs by around 30% and created a stable platform for growth. In 2017 it warned first half profits will be materially below forecasts due to slower than anticipated progress on the development of new production lines in Vietnam and Ethiopia which means it has been unable to clinch some larger volume orders.
The 150,000 shares trade @2.62p today is my buy, though it is reported as a sell. I've taken the opportunity to average down at this low price. The last RNS hit the shares, but as far as I can see it is a delay only. Once the company is set up for higher volumes, I expect a significant rebound in the share price. With a market cap of only £8m, there is plenty of upside potential here.
Agreed Beamer, looks like a good opportunity to buy. Quite a few takers today at these prices. Even with these delays, the business is profitable at EBITDA level, and its good that they are continuing with their restructuring and pricing model. It may be a bit later than hoped for, but I can see decent profits ahead.
and will likely increase and take advantage of today's momentary drop Ethiopia is a great move as the tax advantages for Bagir are huge - shame the acquisition delays have impacted their short term ability to fill large orders No debt and nicely positioned for growth - good buy from here it seems
It seems to me that the SP has been slowly drifting down for no reason other than a few small sells, probably caused by investor boredom, due to lack of newsflow. I've added another 150,000 shares this morning, and am very pleased with the price at a shade under 4.2p.
This share suffers somewhat from a lack of news. It would be good to hear of new contract wins, although there may be issues with confidentiality. The BOD should look to increase newsflow to generate more PI interest. I'm looking forward anyway to the half-year trading statement, last year it was on 25 July. IMO, there is plenty of upside here with, what looked like Institutional Investor buying at 6.0p in March. The BOD has been strengthened in recent months so we should expect some benefits from that, though it may take a bit of time to flow through to results.