Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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decent start to week
Only in spirit - and yourself?
Well done Taverham. Are you in Taverham itself (Norfolk)?
Hi Sam
Yes I think the 70p eps forecast for fy21 seems easily achievable at the rate they’re growing so no reason why any sale wouldn’t put a multiple of at least 30x onto it.
In fact a multiplier of 30 is low for such rapid growth
Millionaire, good to see you here I’m just watching this atm but has performed very well so far and the company seems to be doing more and more competitions meaning more revenue and customers
How so..
It’s simple maths.
EPS of 70p (will probably blow this out the water too) on a multiple of 30 (which is still low for the growth rate) gives an indicative sp of at least £20
I personally don’t think there’s anything untoward going on
my opinion this news was leaked the biggest shareholder I believe is the founder this news was leaked days ago! £4 to £14!
HELLO insider dealing going on wouldnt be surprised the gets sold for £10!
The competition itself is crap anyway IMO far better ways to loose money!
Just bought 1877 shares @ £14.37.
I think if you take the new eps value of circa 70p and apply a p/e of 30, that takes us to a mkt cap of £189m. So a per share value of £21
I think considering the growth rate etc this is absolutely feasible
My guess - say fcf next year of £6m , multiple of 30 times gives mcap of 180m , i.e 20% above today. However it all depends on the founders desire to sell up and move on. I think they will because the brand will do better as part of a larger group through cross selling and international opportunities.
Just read the RNS but not a great deal of detail.
Anyone hazard a guess as to when a takeover may complete and what kind of premium it may attract to current sp?
Turra had to pay £15.6 for some more but buy out looks almost certain to me - gues sp will be £20 plus. Fingers crossed.
Formal sale process now commenced - thought this might happen - just wish I had bought more.
Turra, well done getting some I tried and tried first thing but gave up at £10! Share split possible ditto take over by big group imv.
Well done to anyone who bought these last year when they were less than £3. Had them a few years ago and sold out at a small profit. Seen it mentioned the shares could be worth £21 in due course. Wonder if a share split could be on the cards. Bought some today.
wow, up 50% - looking over bought to me - just wish I had managed to get some more.
Steve, I think thid can grow and grow through its on line marketing at very low cost. I have been trying to buy more since open but cannot - that tells me the sp will rise. Best case is a doubled sp within 12 months imv.
Superb results! I just wish I'd bought in on 7 May on the RNS back then! All signs were positive. The question now is how much higher could this go? The profits have doubled, but the share price has also now doubled from May to now (~400p to ~820p). So for me, I think I might have missed the boat. Oh well, lesson learned.
Regarding the Special Dividend on 20p announced today - this alone would warrant a 2.5% increase is share price.
Results since period end ahead of expectations - excellent - this may hit £10 shortly imv.
and more today -why?
Yet another rise , welcomed but why?
Share price rise now ahead of my expectations - anyone know why? Boom because of lockdown or take over are my guesses.
Back in Nov i was thinking this would go up and i cant remember when i sold but made a few k's but if i had stayed the course then i would be a happy man today and as for Betie Basset saying its not a trading share !!!!
With the spread on BOTB I don't think it would be a good share to hope to get back in cheaper on.
Just a thought.
SP rise ahead of my expectations, do I sell some to buy back later or wait for more or even a take over ?
Yet another ahead of expectations- that makes 3 lol.