Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I am trying to predict profits from the trading update.
Debt will be reduced by a little over £20m. (The cash stays steady).
From past years depreciation will exceed investment by about £15m
Dividends will be around £38m
There is also the affect of energy surcharges on receivables which will be down by say £10m because gas prices were down
So profit p is
p = 20 -15 +38 -10
p = £33m
Say plus or minus say £20m but significantly down.
Looking at the revenue growth it looks to be below wage costs.
The Trading update said:
Outlook
Reflecting the good progress achieved year-to-date, the Board’s expectations for full
year 2023 remain unchanged. Looking beyond this year, the Board remains confident in
the Group’s prospects for continued profitable growth.
So It looks to me as if they are talking jam tomorrow.
Broker recommendations are also a bit weak.
That's a nice piece of news and a decent sp rise to start the week.
GLA.
Mac
Price is about 90% of where it should be I'm guessing. The US business side is key to re-rating over time as nothing in Europe carries any value by the markets whose purpose is simply to extract money from investors. Like a sort of secondary tax.
Yeah, I'm interested in this one. Heard about it on Naked Trader, and it does indeed look very cheap.
Selling continues. The market punishes anything that isn't spectacular. A sound business nonetheless.
The only way seems to be down
9-10 times profit AFTER tax, very, very cheap in my view.
Support at 550p with paths back to 600p+
No way should this be trading down here on its last update. Clearly confident to invest £100m in the US too.
What about now - where is support - if any?!
Unexpected general market call today , pushed BOY, below the breakout level of 700. I would expect the equity to find support at the 690 level.
Sp, break above resistance at 700, and intact uptrend, make the equity a buy. The last time the sp, was above 700, previous, was March 2022, 16 months ago. There are two price targets , 882, and 960. Be aware that the equity tends to encounter resistance at round numbers , such as 800, 900 and 1000.
Good work all around to get BOY up and thriving again after the 2020/21 nightmare.. Well done everyone.
So a family member of one of our NEDs has just bought £20, 000 worth. May not mean there's something in particular happening, but I reckon it's a very good sign that nothing too awful is coming along as we re-adjust to post-pandemic.
Buy?
down some
watching ncyt some nice sized buys going in as people watch for covid 19 testing kit sales update
usually at end of month
hoping for a good week next week at boy
today maybe seeing some profit takers or Friday sellers
good day yesterday
hoping for a strong finish today
looking strong
looking like a good finish
Hi
Can anybody explain why nearly all the buy transactions are automatic executions ?
Tony
I hold a small amount of these.
Multiple economies slowing down not helping sentiment.
The next update will be interesting.
Oh, it looks to because Trump was rude to China today.
This recent fall surprises me.
Any possible causes?
The state of the chart would look to make this a buy today.