Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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yes looking ok here...dwha is a mite frustrating...the delayed 6k sell today hints at a large seller?
Just making a note on the 'currency exchange effect' for future reference - "Revenues from the operating business for the year increased to £20.7m from £20.0m in 2013. This is despite the movement in exchange rates which impacted the Group revenues. Had the exchange rate been the same as the corresponding exchange rates used in 2013 the revenues reported would have been £21.6m for 2014." Not sure why currency had a 5% negative impact on revenue figures, but yeah despite that those results last month were impressive. And more so will be DWHT/A's, one of the safest holdings in the PF right now :)
so about quits? Unlike DWHT/A which is exposed to US$ (and not so much the euro) & may therefore benefit in a few weeks time at interims
Ø Europe - The European market, being so diverse, is serviced by subsidiaries based in four locations: Ø UK - the UK is responsible for business conducted in the UK, management of the Group's distribution network and sales into other locations where the Group does not have a physical presence. The UK business contributed 26% (2013: 23%) to Group revenues. Ø France - the subsidiary in France is responsible for business conducted in France and with French customers whose manufacturing operations may be located elsewhere in the world. The French business contributed 13% (2013: 10%) to Group revenues. Ø Nordic - Densitron Nordic is the Group's subsidiary located in Finland and servicing business locally along with Sweden and customers located in the Baltic region. The Finnish business contributed 2% (2013: 1%) to Group revenues. Ø Germany - Densitron Deutschland is the Group's subsidiary based in Germany. It is responsible for business conducted in Germany, Switzerland and Austria and through the Group's distributor based in Germany. The German business contributed 8% (2013: 9%) to Group revenues. In total the European region represented the largest part of the business contributing 49% (2013: 43%) to Group revenues. Ø US - the US segment is responsible for business conducted in the US, Canada and Central and South America. It represents 39% (2013: 41%) of the Group total revenues. Ø Asia - The Asian segment is made up of subsidiaries located in Japan and Taiwan. Ø Japan - Densitron Japan is responsible for sales into Japan. It contributed 10% (2013: 14%) to Group revenues. Ø Taiwan - Densitron Asia is the Group's subsidiary located in Taiwan. It is primarily a facilitating function for the rest of the Group managing suppliers located in Taiwan and China. It contributed 2% (2013: 2%) to Group revenues.
nice to flip
£240/250k/year savings from settlement, so low EV/run rate EBIT...extraordinarily low EV/rev (20-25%!!) ...growth potential ...so clear path to double figures sp imv... if all goes smoothly (but clearly execution risk high)
Prelim results to be released this week. GLA
esp on EV/rev...but probably on EV/EBIT ...plus huge upside possible from margin growth (esp if sterling weakens) ...reckon we may be close to inflection/lift off...fingers crossed
Good to see the Bid ticking up gradually and buyers re-appearing. Good news in the results perhaps? GLA Btb
well done BoD & PG
Anyone any idea why the s.p. continues to drop?
Couldn't agree more, I'd written this one off and was amazed to see one morning that there was still a flicker of life here, so let's not put it out by clamouring for a divi. too soon.
...so let's see the numbers
.
I hope not...yet... financial position is a little fragile, no?
Agree okish, no update on luggage tags, advertising displays or Densipaper in general. We need to resolve the Newcastle property issue which will add usefully to the bottom line once rental income starts to come in. Overall moderately optimistic for 2015 with a slow but steady rise in the s.p. and a major boost probable if there is a positive outcome to the Blackheath land situation or a major contract win is secured. I wonder if they will recommence paying a Divi ?
seems okish
don't make a whooosh ...all eyes on the trading update ..seems a little late lol
now the 160k share sale of a month ago being flushed out of the system? ...dsn seems cheap given improved order book...but then I have thought that before
I appreciate your sentiments Happytom. If it helps I have spoken to both Tim Pearson ( finance ) and CEO Grahame Faulkner who have both reassured me that all is well, and that they are working hard to make a sound profit for the Company and to resolve the Newcastle Property issue. They both agree that the S.P. does not reflect the realistic value of Densitron. I suggested that a Trading Statement be issued to reassure PI's and the Market as the S.P. seemed to be sliding almost weekly. My understanding is that one will be issued early in the New Year. I too have noted the sprinkling of buys after a long run of sells. Could be a good sign. Only time will tell. Oh I see that we have notched up 0.25% on the Bid !!! GL BtB
All rather quiet on the DSN front - anyone heard anything recently? I'm struggling to believe that the issue with the tags is information based - it seems highly improbable that the business analysts didn't get a solid set of requirements before commissioning the things! Not heard a lot about Densipaper either, time for some official news to be released on all fronts. Still, a few buys over the last week, nothing significant, but all in the right direction - maybe something is happening in the background.
I spoke to Tim Pearson yesterday. It seems that the progress with the tags has stalled because Customs are not happy with them. It appears that the traditional paper tags carry a lot more information than we may have realised so discussions with Customs are ongoing . This situation is affecting other Airlines. On a brighter note the trials with Centro ( electronic timetable / information displays } is going well and could be a valuable contract for DSN fingers crossed !!
I'm still quite optimistic here. But of course the lack of newsflow has tempered my optimism. All DSN needs is a further hint that the electronic bag tagging business is going somewhere and it'll fly. But no news flow doesn't bode confidence here.
Not so long ago there was a degree of optimism about this share but we seem to be going backwards again. What is going on? So frustrating!
shan, thanks for your analysis. Have to admit I'm here and watching avidly because I see DSN as a superb speculative play. But, of course, if it can turn around and provide good fundamental reasons to buy into it it would then become a very strong buy (and not just for the digital luggage side of the business)