Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No dividend yet though.
The wait is over.
Its a pity to see the results drama drag on like this but at least the trading update and authorisations in January should mean a nice rise on their return.
I suppose there will be a RNS tomorrow morning but I expect it to say results will hopefully come in early February. It will be a bonus if they are done for tomorrow morning.
Hi Dabbler,
My mistake, they actually said " Progress has been encouraging but there remains work still to do".
Hi Kilman, it didn’t actually say ‘a lot’ of work still to do but it did give the feeling that the results weren’t imminent, I agree.
Anyway good luck with your shares when we do return.
Their last RNS last week stated that there was still a lot of work to be done so I'm not expecting for Results/Relisting to occur this week unfortunately. Hoping I'm wrong though!!
RNS from last June ( covering year to 31 March 2020) stated we would be significantly ahead of market expectations. Now we have a statement that we are significantly ahead of that and by the end of December with 3 months to go have already beaten it. Added to that we have the positives from the vaccines we have developed. Also when the results are published we won’t have the drag of waiting for them weighing down our share price any longer.
But have to wait for results. Starting to think these could come back at circa 380p
The animal medicine market is doing well at the moment as evidenced by Dechra results. Really looking forward to our results.
But results soon please.
How would approval to edit an animal's genome help a company that manufacturers vaccines? Editing a genome to remove the susceptibility to a disease should mean no vaccine is required for that disease.
If you are interested in animal vaccine science watch out for the results of the Codagenix Covid trial. If their platform is proven it could have a significant impact on EAH as their speed to market will be a matter of weeks, not years.
https://codagenix.com/vaccine-programs/agricultural-and-companion-animal-vaccines/
The news today that Gene Editing will be allowed going forward should help this share I would imagine.
Nice RNS this morning, can only help on return to trading.
Off course it is not a problem - the new Auditors are "only" going "to perform verification of the opening balance sheet at 31 March 2019 which required the presentation of manual records in some cases dating back more than ten years".
Why would anybody be concerned prior year adjustments having the effect of reducing profitability in the year ended 31 March 2019?
Yeah, Right; Nothing to worry about? Not even the possibility of recent advances in vaccine technology potentially impacting on the core business model should be of concern?
Correct, not a problem. Soon everything will be up to date and multiple positives to come.
Suspension, what a downfall from a company that promised so much only 18 months ago.
Careless does not even begin to describe this
"Audit progress has been good but continuing difficulties associated with remotely auditing the Company's International operations and the need to audit the previously announced prior year adjustments during a period of COVID-19 restrictions has added substantial logistical challenges to the task. The prior year adjustments had the effect of reducing profitability (and therefore audit materiality) in the year ended 31 March 2019 resulting in BDO, as new auditors, needing to perform verification of the opening balance sheet at 31 March 2019 which required the presentation of manual records in some cases dating back more than ten years. "
Their words speak for themselves.
On the 4th January.
Probably be a drop today in that news but I won’t panic sell while trade is still so good.
Someone is confident,
Maybe the dividend will be restored.
The trading update informed to the end of September but this one confirms trade is at or above expectations during November as well so:-
Results to the end of March although delayed should be very good,
Followed by already 8 months of this financial year at or above market expectations with good momentum.
If this drops I will buy more.
I’m just going to keep holding. Strong trading still and I’m confident in the next few months too.
"AIM has granted the Group an additional one month extension to the publication timetable in order to manage additional work arising from auditing the Group's international operations during the Covid-19 pandemic restrictions and against the backdrop of new auditors and new accounting policies adopted at the time of the most recent interim report. Accordingly, the Group will publish its annual audited accounts during December and prior to 31 December 2020."
Poor show; at least they reiterate the forward-looking guidance:
"The Group provided a trading update on 21 October 2020, noting that the revenue in the six months ended 30 September 2020 would be significantly ahead of management's expectations and the same period for the prior year. The Group confirms that strong trading has continued during November and, being mindful of the continuing global uncertainties and four months remaining until the end of the financial year, it is confident of meeting market expectations."
https://www.investegate.co.uk/eco-animal-health-gp--eah-/rns/notice-of-results-for-year-ended-31-march-2020/202011241634353774G/
Mr Market Maker will not like this, so there may be a drop of 5 to 10 percent.
nomlungu,
I think the dividend might not be reinstated at these forthcoming results but that there will be more than a heavy hint that they will be next year. I could never see why these fell to £2 and below and I am confident there is still a good gain to be had here.
No debt, trading better than anticipated and vaccines being developed and more besides.
It is pleasing to see the share price recover. Hopefully the accounts due by the end of the month will give an indication as to when they expect to be able to start repaying dividends and at what level.
The head of the World Food Program said a few days ago “we are going to have famines of biblical proportions in 2021.”. The health of livestock could not be more important so demand for the companies products should remain robust / grow. I am expecting parts of the food supply industry to do well over the next few years and dividends will be highly valued whilst the current low interest rate environment continues.
https://apnews.com/article/famine-david-beasley-nobel-prizes-coronavirus-pandemic-united-nations-f2c0e3b3d85b457a97b81c2c5fed08bd