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Calamari just skuttle off to the bottom of the sea bed where all the scum end up.
Time to give it a rest Calamari.
So why do the vultures only turn up on down days and in force on very low sentiment down days...??? Usually not bashing on up days for some reason?
The opposite argument also applies to be fair.
Calamari, "No amount of manipulation can stop peole who want to buy from buying". No but it certainly puts investors off when they see how manipulation is affecting the SP of a proposed investment in a company gaining strength at every turn and still the SP refuses to move.
You have an agenda to talk this down, plain and simple. Now please kindly pìss off
I’m baffled as to how LSE calculates that PE for BMN. Does anyone else know, please?
I think it shows the importance of calculating all your own metrics...
Sanchez that is exactly what sickens me about people like Calamari. You nailed it.
This is one selfish individual that will say or do anything to get an entry price. Disgraceful. Many of those ordinary investors need their investment to do well. To read trolls like Calamari is very frustrating.
For my part I needed BMN to do well so that I could pay for private treatment not available on NHS to keep me alive. That hasn’t happened so I may be faced with selling my house instead. So a big thank you Calamari for rubbing my face in it today. I hope you enjoy your hard earned 5% or whatever that your trolling is targeting. Have a nice day young man, but think about the real consequences of your actions.
Calamari, I have less than zero desire to engage with your pathetic tactics. Everyone knows what you are doing. Have a great day trashing people's investments.
Calamari you really ought to stop digging that hole, before you need to have sunlight piped down to you.
Excellent factual responses Pdub. Well done.
Brilliant and carefully thought out response to the rubbish posted. Well done Pdub.
YTSS I will email my mobile number to Alfa and ask him to pass on to you.
Regards. Paul.
Every buy or sell has an exactly proportionate impact on the SP.
We are now at peak Calamari
Calamari - at the top of this page press the fundamentals icon - that is where I got my figures from for BMN, and t6he equivalent figures for the other companies. That is also where the majority of visitors to this site are going to get there figures from. Have a look yourself.
Yes - this is a BMN board- its clearly stated at the top! The figures I quoted for the other companies are BMN relevant because I was making a peer comparison. You cannot make peer comparison's without quoting other companies and figures.
Obviously these figures and the comparison don't align with your agenda, to de-ramp BMN whilst the share price is falling, presumably for your own personal gain - hence your constant 'carping' - however they do fit with my agenda - to demonstrate the low P/E ratio for BMN in comparison to peers, and the obvious undervaluation.
That really is a weak argument. 'The share price is the net result of buyers and sellers.'
There is no manipulation, there aren't any vested interests, it's absolutely right that the prospects of the company mean nothing and it's all above board.
Jesus wept.
Pdub. I am working in Southampton on Friday when you are having chemo. Hope it goes ok. Do you live in Salisbury. Would like to meet at some point one evening perhaps if able to. I only stay here during the week. If so perhaps pass details via Alpha on TBP
Finally Calamari the current share price is a function of a large and persistent institutional seller. Fact. Check out the RNS.
It does not reflect company performance.
Surely you are not naive enough to think the share price would be anywhere near these low levels if those millions of shares had not been dumped?
We now have clear evidence to explain why the Covid drop in sp has not seen the recovery experienced by many other companies. However that is a finite supply and will end. Like many here I expect to see a rapid bounce when that happens.
Calamari you can wriggle and squirm all you like but here are some facts for you.
You claim BMN are CURRENTLY loss making.... not six months ago ... NOW. I challenged your ability to substantiate that claim. You can’t. Your only comeback is to mutter about H1 results. Lesson for you ... those are historical figures ... not current profitability which is what you so boldly (and in my opinion so wrongly) claim.
So don’t waste my time trying to mislead that BMN and CURRENTLY loss making by reference to H1 results which reference a period ending several months ago. You attempted to mislead and now you have been challenged and throwing your toys out of the pram. Tough.
As far as H1 results are concerned why don’t you adopt a mature approach and wait to see what those results show about the six months ending several months ago (not current) when Covid19 lockdown inevitably affected BMN as with just about every other company on the planet.
Remember since that period ended BMN have been in full production and also increasing their sales to China 18% at the last Q2 report I believe with the higher profit margins that brings. Any sensible investor would be praising this redirected sales strategy ... but not you. And we know that they are working hard on cost control and been very successful at that.
Your rather childish “... and we will be able to see who was correct and who was not.” is irrelevant. I don’t know what H1 figures will show because in a rather sensible manner I am waiting to see. You are the one making predictions. But that is not the point. You claim BMN are CURRENTLY making a loss. ie today this week this month. I disagree. The evidence as available suggests that the company have handled this crisis with remarkable skill and with full production and sales to China increasing and increasing production efficiencies the Q3 numbers should look very much better.
I have watched your antics over a number of years and frankly not impressed. I will continue t9 challenge any misleading nonsense from you.
Pdub, he's another one who posts when the SP is down for purely self-serving ends then disappears whenever there is a rising SP.
And again Calamari you are very quick to be negative about BMN in your 02.32 post criticising another poster’s comparison yet in the same post you acknowledge that you haven’t researched the numbers for the other companies!!!
When using published data all those companies would be subject to the same accountancy rules. Therefore the comparisons are valid, whether or not that suits you.
I am puzzled why you are always so quick to be negative about BMN but yet not so with the other companies. You may understand why I am so cynical when I read your posts. You have a long history of this.
Calamari you wrote “In my opinion BMN is currently losing money, even after excluding Covid costs, and therefore has a negative P/E”.
Now first of all I respect that is your opinion. I disagree. However we are both guessing. Remember you specifically said “... currently ...”. There are no published figures that allow you to substantiate your claim that BMN are “currently” making a loss ie right now, this week!!! Published costs v published V price suggest otherwise.
Instead of making HIGHLY speculative negative statements that you cannot possibly substantiate why not take a more reasonable approach and wait for published figures. Then you can validate your opinions with actual facts.
Others like myself might then regard your opinions with less suspicion.
Calamari - the comparison was between published figures for last years performance , and current P/E - not trailing or future P/E - A fair comparison would require the same analysis to be done to all four companies.
How sexy would the books look if that $33m from Vanchem purchase was put back it BMN's accounts and we only had Vametco with loads of money in the bank?
Even If BMN are supposedly losing money and a potential dilution mooted. They are going about splashing their cash unabated on VIP's, Vametco and Vanchem upgrades. They do not seem to be worried about their accounts as some on here and the SP is something they cannot control.
I agree we might get some dilution but hey ho, they better start buying back shares in a few years when they hit the big time.
...actually, I’m down more than that!
Thanks very much, calamari. That looks about right to me.
Clearly we are all here because we are focussed on the future.
My reasons for investing were (and continue to be):
Solid existing business with cheaply acquired top-notch V assets;
Modest cost of production relatively;
Trustworthy, intelligent management team;
Operational plan to expand V production which is being delivered upon;
Reasonable balance sheet, no crazy debt, not guzzling cash;
Expectation that V prices are near a bottom and may rise given steel demand and ductile strength rules (this may well be tested given virus craziness); and
The VRFB thing (though, for me, this is the upside “optionality”. Of course, if it comes off, then it’s transformative but actually, for the patient, BMN is an attractive bet anyway. I think maybe a lot of you place more emphasis on it than I do and maybe you’re right and I’m wrong.)
All that said, I’m down about 25% at the moment; oh dear!
All the best, everyone.
From the RNS on the year-end numbers:
“Gain recognised on bargain purchase of US$60.6 million for the Vanchem acquisition, completed at fair value consideration of US$55.8 million.
· Profit after tax of US$69.2 million (2018: US$49.0 million).
· Basic Earnings per share of 5.51c (2018: 2.90c).
· Underlying earnings per share excluding gain on bargain purchase of 0.12c (2018: 2.90c).”