Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
Cory Brothers on linkedin
BYE BYE JANUARY. We're ready for February! The Ships Agency Crew have been very busy, the Logistics team are scaling Everest on a daily basis (dealing with BREXIT). We all need a haircut, some blue skies & a good social on zoom. More importantly, well done to ALL for making it through a long month. Have a splendid weekend & stay safe. #servicematters #bettertimesarecoming
researching this, cory brothers must be seeing a lot of demand for services around brexit
Seems to be evidenced as true by their linkedin
"Our ships agency crew are working around the clock to manage the increased volume of ships. Catering for all vessel types and at nearly all UK ports, they’re ensuring the vessels are always looked after. Dealing with the extra-long hours, the winter weather and the covid safety protocols, our Ships Agency crew are as stoic and reliable as ever. "
https://www.investegate.co.uk/braemar-shipping/rns/completion-of-aqualisbraemar-share-sale/202101280700091311N/
The net proceeds of the Sale, totalling £6.0 million* . The carrying value of the AQB Shares sold was £3.2 million equating to a profit on disposal of £2.8 million. Subsequent to the Sale, Braemar has an interest in 9,640,261 AQB Shares representing approximately 10.4% of the total issued share capital of AQB.
Ageing fleets imply those that have ability to expand will be able to dictate price. Shipping rates have increased hugely in recent months and will manifest themselves in increased profitability. Personally think Bms could be breaking all time highs within 9 months, we’ll see. Gla
Tripling of China-Europe shipping costs threatens goods supply
Prices at record high fuelled by shortage of containers and recovery in consumer demand.
Hence the SP rise?
A very good rise after this is money in the mail said maybe time to take profits. Could well be something in the air
somethings going on here
great to see someone else is in this share ,for years believed it was only myself !!!
Glad to see somebody else on the board now.
the valuse of BMS's stake in AB has soared since AB announced results and more recently a acquisition. AB seems to have bedded in the acquisition last year very well and are very confident to achieve 3.5m of cost savings with the new merger. so it is no surprise that the AB share price has risen from c5.5NOK to closer to 10NOK. I think the price has risen not just because of the future profit growth, the merger savings but also size will give them critical mass and the mgt team have obviously spotted a niche in their markets. All of this is excellent news for BMS. their holding of c.20m AB shares and potentially 6m warrants means the quoted stake has a value of c.£20m GBP. of course the share price of AB can go down as well but for my analysis it allows me to net off almost all of BMS debt. which leaves CASH profits of c12 to c,14m for a MV of 45m. That seems an attractive value investment risk/reward to me.
All IMHO, DYOR + BoL
BMS is in my tiop5 hldgs
fingers crossed for the results tomorrow. i think the Q3 results from AB gives positive clues as to what BMS might say. For me it is all about the plans to reduce debt rather than the level of profits. Also added to debt is some potential deferred payments though of course if this needs to get paid it means the acquired business is trading very profitably. On the plus side the stake in AB now worth c.10m
Great for the shipbroking division especially.Let's see what the next few weeks/months brings.
Alot of the board are in red today.
Where?
This is disappointing. Results leaked before tomorrow ??
Got tipped in newspaper
Why is it jumping today?
Jumped ship!!
A long overdue and welcome rerate. Results in first couple of weeks in June will see this go higher IMO.
MIDAS tipped as a buy, could see uptick here tomorrow
With insight like that you could be the next president !
They will charter more tankers, fill them up with cheap oil and sit them in a bay near a refinery and wait till this is over and oil goes up. Anyone got a spare super tanker i can loan for a few months?
Oil over supply not something that is going away any time soon. Tankers needed to move and store oil as land storage facilities fill up. Shares are cheap as chips at this level. New CEO in place will serve the business well.
Sorry not a good start, £59m GBP in H1 2019/20 Doh!
Hello is anybody here?
Seems to be the forgotten share, wondering if anyone has any answers to my Q's below
I am going through the presentation, say's they made £59m GBP revenue last year, with an operating profit of £3.7 GBP (not bad for the current MCAP of £35m)
£38.7m of this came from shipbroking, which seesm to be there most profitable business segment (well it clearly is) which posted a profit of £4.9m GBP in 2019/20 H1 (13% margin, not great, anyway we move on)
34% of the above came from Tankers, and another 15% from Specialised tankers
It says revenue per head of £180K (is that what each tanker made?) - if so I have seen some quotes of tankers recently earning in 2-3 days what they usually earn in 3 months (seriously) - I admit I know little of this business but I am guessing they get a cut by providing tankers to logistics and so forth - and get daily rates / commission?
If so for this part of the business, they could have increased daily revenue by 10-20x+
Your input is welcome