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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Am I the only one that finds it refreshing that he's actually saying that he's disappointed? Having followed this for too long, I would say that the worst case of the settlement is already priced in (large drops in Oct and Feb coincided with announcements about it not being resolved) - I was hoping for something more definitive to say that the landlord has finally become bored and will take anything to finish this and start letting it again, but there may not be any prospective tenants to fill that, so they aren't hurrying.
"Overall the first four months of 2013 have been mixed" & the guff on settlement
PRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012 Densitron Technologies plc ("Densitron" or the "Company" or the "Group"), the designer, developer and distributor of electronic displays is pleased to announce its preliminary unaudited results for the year ended 31 December 2012. · Orders booked increased by 9% to £23.1 million (2011: £21.2 million). · Profit from continuing operations of £0.6 million (2011: £1.1 million). · Dividends for the year totaling 0.3p per share (2011: 0.6p per share). · Earnings per share of 0.36p (2011: 1.18p). · Gross margin decreased from 29.6% to 28.6% reflecting the mix of sales made during the year. · New branch office in India has progressed well in the year. · Optical Bonding Facility in Taiwan has been set up. · A suite of software and smart TFT Solution (Ripdraw™) has been introduced.
objectives remain unchanged but due to the global recession it has been difficult to increase our market share. However, at the beginning of 2012 we opened an office in India and this has progressed satisfactorily with a strong pipeline of business opportunities being developed. It is a complex marketplace and one that we will look to develop further as we see revenues being generated over the next 12 months. At the end of 2012 we appointed a commissioned agent to exclusively represent the business in The Netherlands and we are already seeing new opportunities for business in that region. We have also continued to expand on our existing product offering including our new range of E-Paper technology that generated its first sales during the year. The final objective is an intention to differentiate the business from its competitors by offering either internally developed products or by providing additional services. During the year we have opened an Optical Bonding facility in Taiwan that will enable the business to offer a service to customers to improve the quality of the images displayed by their product. In addition we have developed a suite of software (Ripdraw™) and smart TFT line that will enable customers to develop their own design to display their information without the requirement for employing "expensive" software developers. We anticipate that both of these new developments will enable our business to not only develop new customers but also retain existing ones by ensuring the business is offering more to customers than its competitors.
I reported in my statement in the 2011 Annual Report that the Company had received a writ in respect of unpaid rents on a property occupied by a former Group Company. Having reviewed all of the documentation surrounding the lease, some of which dates back more than 10 years with our Lawyers, we believe that there is considerable uncertainty surrounding the lease. We believe that the most appropriate way forward is to achieve a negotiated settlement with the Landlord to bring this matter to a close in order to avoid further substantial costs accruing on both sides and to make it possible to let the property which currently stands empty. At this stage we are unable to say at what level that settlement would be achieved.
The Board regularly reviews the medium and long term strategy for the business and believes the main driver of the business should remain organic growth. I have already written about the strategy in my review of the business above and consider that the results from this strategy have yet to be realised to their maximum potential. During the year, through internal development, we have added two potentially significant revenue streams with the Optical Bonding line and Ripdraw™ software and smart TFT line. We begin 2013 with little or no revenue from these two new products but consider that the demand for optical bonding in particular will grow rapidly during the year. However, we expect that Ripdraw™ will take longer to generate significant levels of business due to its complexity and consider that revenues will start to be made in the second half of the year and beyond. The addition of an office in India provides a great opportunity for the business but it is a difficult market so it is taking time to develop. At the beginning of 2013 we have a good pipeline of business opportunities and we expect to see those opportunities being turned into orders and revenues during the current year. Overall the first four months of 2013 have been mixed with parts of the Group exceeding expectations while other parts have found closing business to be particularly difficult. The pipeline of new business remains strong and we expect to see this being converted into new orders over the next few months. We have addressed certain operational issues which should mean that the business is more focussed and able to support its customers more effectively going forward.
...company buying from mms??... I would prefer company to be careful with my cash????
Probably more options - divi is due sometime in the not too distant, so they have to buy more shares first, and price is irrelevant if the company is paying it.
a bit keen?
by name & nature enjoy yr w/e
Hmm, my guess is that there is disappointing but significant progress on the outstanding lease, and the outlook is good - why change the habit of a lifetime Graeme!
...all set for grim results, lads? ...outlook and ?progress on legal wrangle are interesting bits I guess
...the sp factors in a lot of bad stuff.. ..so maybe positioning ahead of final results??
Is it a buy at this price ??? someone's confident with a 7k buy this morning,,,,,,,,, Maybe someone impressed at this ??? NEW On the Road Events http://www.densitron.com
may have multiple personality (?disorder lol).... but, contrary to a few irritated posters, not a multi id I do wish dsn management would get a grip: nice company but....
The group's share price had fallen 19.18% to 7.38p by Tuesday afternoon, taking the total decline for the year to 38.54%, equal to 4.62p.
The company also revealed that it has been unable to enter mediation with the parties involved in the legal proceedings that habe been taken against it (relating to thelease of a property located in Newcastle), because the other parties have been unwilling to do so. Falconer added: "It is disappointing that we were unable to get the other parties to the litigation to agree to a mediation process but the Board is continuing to try to resolve this matter by way of a negotiated settlement."
Shares in Densitron Technology plummeted Tuesday, after the designer and manufacturer of information display systems said that its operating profit for 2012 will now be materially below that achieved in 2011. This follows a previous announcement in November when the company said its full year results are expected to be behind market expectations. However, since then the company experienced a delay in some of its orders that were to be booked and delivered to customers in the period up to the year-end. The company was keen to stress that this was outside of its control, and said its balance sheet remains "strong", while its only bank debt is to support working capital. Grahame Falconer, Chief Executive Officer of Densitron, said: "The end to the year was disappointing, but reflects how cautious the market remains, with customers not wishing to overcommit. However, orders booked in the year were ahead of those booked in 2011, which, together with the introduction of new services and products, gives us confidence for 2013."
are you information center ? you are everywhere,there is no way you are a individual.
12 February 2013  Densitron Technologies plc ("Densitron" or the "Company") Trading Update On 5 November 2012 the Company announced that it expected its results for the year ended 31 December 2012 to be behind market expectations. At that time the Company expected certain orders to be booked and delivered to customers in the period up to the year-end. However, for reasons outside the control of the Company some of this business has now been delayed into 2013. As a result of these delays the Company's operating profit for the 2012 financial year will be materially below that achieved in 2011. It should be underlined that the Group's Balance Sheet remains strong and that the only bank debt within the Group is to support working capital. In November 2012 the Company updated its shareholders on the position of the proceedings that had been taken against it in respect of a lease of a property located at Wallsend, Tyne and Wear, near Newcastle (full details of the action are set out in the announcement dated 1 March 2012). It advised its shareholders that the directors had resolved to enter mediation with the other parties to the litigation. Unfortunately, the directors have been unable to enter mediation due to the unwillingness of the other parties. However, the directors continue to work to achieve a negotiated settlement. Grahame Falconer, Chief Executive Officer of Densitron said: "The end to the year was disappointing, but reflects how cautious the market remains, with customers not wishing to overcommit. However, orders booked in the year were ahead of those booked in 2011, which, together with the introduction of new services and products, gives us confidence for 2013. It is disappointing that we were unable to get the other parties to the litigation to agree to a mediation process but the Board is continuing to try to resolve this matter by way of a negotiated settlement."
couldn't resist...
but still little trading & the sellers come out above 8p Deja vu all over again
but probably need good rns for lift off
being tested
to report - first 100k trade day for nearly a month (big deal - nope) & 8p proving to offer some resistance Makes sense: until legal case clearer &/or prospects for 2013 clearer, why shd this sp move much.... Funny game this though Jolly thoughtful