Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Passwind - you maybe right that i dont get 35p (but I can only hope)- the IIs invested here control too much (Schroders recently added a M quid buy in low 40s) and hold more than 15% - second largest holder - a PE offer of 80p I believe would be rejected
I think it would take an offer greater than a quid for IIs to sell (as long as H1 profit is on track for the annual 200-225M that was calculated from March data)
Dont forget those IIs have much higher Avg after being in for so long - it will take an age to get to 2quid IMO, but 120-150 in a year is (I hesitate to say) "probable" - any PE house would look at the say 250-300M 2023 forecast and would try and get it at say 8 time multiple.
Current IIs would take a discount to say a quid I think but no lower
Good luck o n your profit Passwind - I guess you wont be around much longer if 37p is where you see the bottom - we all make money in different ways - Im happy holding my substantial holding for another year to get my profit.
GLA
The only 'bounce' I think I see is a cat one.
Trytobuy, nice clear explanation of how reported accounts work, the ones audited 'true and fair' and as required by law in compliance with IFRS guidance.
The rest is laughable nonsense.......
look at my posts from 18/19 March - I show the reconciliation there from the 116.5M PROFIT made from trading and then deduct the one off costs to close offices etc to reconcile to the retained 49M loss
I also show the whole workings of 2021 projected Profit of 200-225m
ANYONE that can read financial statements or who is involved in M&A activities at long as me understands the differnece
As I said back then - I cant help you anymore if you dont understand the difference - same as those thinking debt is higher than it is because of the adoption of IFRS accounting fro 2019
Look at post history from then and learn
Passwind bangs on about loss making legacy contracts as if they are material in value - they are worth maybe 20M EBIT and most will now have been turnaround by cost management and regegotiation
Some of the events businesses will again struggle this year so that is why I say 2021 Profit to be 200-225M now as 225M in March was assuming some further recovery there
Enough cash to service debt to end of 2022 (without further disposals) and free cash from trading (which was positive in 2020 and will increase in 2021 as profit translates to cash
If PE wanted a bargain, they maybe able get this for circa 80p IMO - that would be a shame for us LTH as I keep saying this will be 1.00 to 1.20 by end of year / early 2022
The amount of IIs here though that know that this will translate to 120 and increase in 2022 may not be supportive of a sale at that price
Anyway, thanks for warning us - do your job and get this sub 35p please I have 50k waiting to jump in for more
GLA
https://www.capita.com/sites/g/files/nginej291/files/acquiadam/2021-03/capita-annual-report-2020.pdf
For a Profit before tax 65.2m and a rosy view read pages 1 to 110 prepared unaudited by management.
For the other results read the financial statements between pages 110 to 204 that start with a report to shareholders (like you) by independent suitably qualified auditors as required by law (in case management report results skewed in some way). Page 125 the Consolidated P&L account shows the result for the group on the line - Loss before tax £(49.4)m
Ripe for lift off & arriving at 100p by some date with >200m profit in 2021 or hard slow slog ahead with little progress to report & stuck until some unforeseen hope arrives.
The pick is yours!
GL
Passwind -Times say Profit 65.2M - join wikipenny, I will teach you how to read and understand accounts -I will happily do it FOC to help you get a life
Nonsence - need get the hedge over and copper stay high, then yes end 2022 early 2023. I hold similar value RMM as I do here
RMM is more risky. CPI is safest undervalued share on FTSE250 that isnt Covid deflated.
Most (respected) analysts have CPI in 80-100 range for end of year - deliver the on target 200-225M profit for 2021 and Mkt Cap at 10 times earnings has CPI 1-1.20.
They didnt make it easy for everyone to understand last years profit, but politically, having taken furlough cash and some CV19 contracts, they didnt want the headlines of "Oursourcer makes 116.5M profit whilst taking Govt support"
See Times article only reports profit at 65.2M (which was the profit on continued operations only) and just ignored the 51.3M CPI made on ESS to 31 Dec 2020.
CPI will have another 10-15M ESS profit in Q21 2021 to add to the mix before the sale was done
Relaxed with my 220 grand Ive got in here and the profit Ive made on CPI since last summer
We discuss CPI and many others on other BBs
GLA
Know0 dont even bother the people who doesn't know anything about finance(ebt ,ebit,p/e ratio ,market cap etc..) .My exit price will be £1.25 for CPI. With a profit of 200 to 225 ml,significant reduction of debt after dispossal ,lots of new contract winning ,organic cash in 2021 and sustainable cash in 2022 ,do you personally think we can get £1.25 by june 2022? Also I am holding long for rmm until it reach to 2.50 .do you personally think after finance sorting from either share placement or loan ,full production in 2022 rmm will be 2.50 by end of 2023 ?
Times qutoe the profit - LSE shows profit
Clear derampers dont want you to know facts
200M to 225M profit 2021 - DYOR
Nonsence- we will see both close that by year end or very soon afterwards - investmenyt is based in fundamentals and analysis
Day trading is is for a diff sort of person
GLA
Know0 I am in both rmm and CPI. Hopefully we see both £1 by year end ....
"revenues fell 9 per cent to £3.2 billion last year, amid the ravages of Covid, and profits were down 67% at £65.2 million."