Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I’m not worried about high volume discounts. Anyone increasing their order size would look for a slightly cheaper price, profit margin on those sales might fall slightly but overall profit per sale will be up.
China and Japan represented 35% of sales in 2019 when "revenue was flat despite challenging market conditions". The accounts stated "The beginning of the year will remain challenging
because of the continued impact of African Swine Fever in China."
So no or little improvement was expected other than increased sales attributed to Avian sales? Now Chinese revenue outperformance is such that, even with flat rest of the world sales, "revenue for the six months ended 30 September 2020 being significantly ahead of management expectations and the prior year.".
Looking good but 2 doubts - higher volume discounts? How have they impacted profit margins; in last year's accounts they said that they were offering longer payment terms in China so collection of the debts needs to be watched carefully.
Overall, as promising as could be hoped for.
He He,
That made me laugh.
Honestly I can’t see why this has fallen. Pig herds have to be restocked and then looked after.
Cheaper meats like pork and chicken should do very well as money gets tighter.
OK - the Subject is sarcastic reference to yesterday's blue day.
Nonetheless, there is promise in the RNS. It is not so much as jam tomorrow but a possible invite to High Tea at the Dorchester. PRRSV is a multibillion $ international market that is poorly addressed and, unfortunately, a growing one, so the prospective returns are large if successful.
Hopefully there will be news about a resumption of dividends which could provide a significant boost to the market's perception of this share. There is also a very small Market Size on the share so this could move rapidly if and when some buying pressure returns.
Nice little bit of news and trading statement coming soon.
0.49% up.
First time it’s gone blue for a while.
I have a chunk of shares here as I am expecting dividends to resume in the foreseeable future. The RNS that MI Chelverton UK Equity Growth Fund has bought 5% of the company indicates they feel the same way as they state about the fund:
'A UK small and mid-cap fund investing in highly cash generative companies with strong market positions that are expected to grow faster than UK GDP.'
Sells outnumbering buys by 70-1 today so far, or so we are led to believe and the price has edged up.
In the next few days, I am a bit frustrated with the price fall I must admit.
A bit puzzled too, it’s known the results to the end of March will be good and also that trading was good in at least April and May.
I don’t see any reason why that would have changed since then so hopefully a good rise from here later this week or next.
Not giving much away but it’s fair to assume that the ‘above market expectations’ trade has continued.
I know of a private firm that is doing well in this field and the results from Genus tallied with that.
But I have added with the discount on offer.
Really good performance this. Glad I bought in at 147p. I did top up at 229 and had been underwater with those for a few weeks.
I have also got a holding in Total Produce and I expect a similar RNS there before too long.
Some industries just keep going, EAH and TOT are two of those.
52-week high is 425
the stread put me of this morning, i was wrong, wow.
264.49 GBX +64.49 (32.24%)
10 Jun, 08:38 BST · Disclaimer
Hopefully breaks through 272 then it's all the way up to circa circa 340 - here's hoping.....
251 - 261
currently up over 20%
We are delighted with the improved trading performance of the Group. ASF had a major impact on our business in China during the first half of this financial year but I am pleased with the recovery in that territory and progress elsewhere. We look forward to releasing our results during September subject to the ability of our auditors to perform their tasks in the current working environment. The effect of COVID-19 on our staff, business, customers, and supply chains is being well managed and we are cautiously optimistic that our industry outlook will remain robust. Furthermore, and like most businesses, we are looking after our cash position."
beyond expectations
'It never rains but it pours...' as they say - the tragic onset of this deadly epidemic in China cannot help EAH to regain its poise, short term, surely? I still have it on my 'watch list', for now but this latest development with all the human misery it involves sadly renders this a greater risk for the time being, with China in virtual 'lock down' for now ...sasa.
I read about outbreaks of pig flu in Japan as well as outbreaks of swine flu across Asia. I would be pig sick if I held and another "further deterioration in trading" statement came about. The downside is too great under current market conditions. However if there is another downbeat statement and a large fall I will consider building a position again with the knowledge that today's sale would have saved my bacon.
at full ask this afternoon. Must be an institution. I am hoping for a rally in the share so I can exit as I don't want to have to suffer another calamitious update. But this company is possibly oversold so I am aholder for now but a wathcful holder.
Hi Fallingknife - I, too, took a loss on this when I sold after the disappointing RNS a week ago and take no comfort from seeing the further price decline since, which merely accentuates the attrition of capital for others still holding...
Whilst I've been following / invested in this Co. for a long time, it remains largely a 'one trick pony', albeit one with considerable potential, as far as I can make out. That's their 'Achilles Heel', though, when their primary mkt declines rapidly like they've just confirmed and now the Accounting re -statement requirements 'muddy the waters' even more, it's become too risky to hold, imv, until we see the figures next month.
Have the stock on my 'watch list', pending that RNS, to gauge the recovery potential, relative to the then sp but won't get involved again until we know 'what's what' - just my take, fwiw - sasa.
Sasa I think you ahve been proved wise. Sells following sells. I almost sold Friday but decided not to crystallise my loss in the hope of at least some recovery but gone the other way today. Starting to lose faith completely and will sell at 200p. Awful investment and time to look elsewhere to recoup.
There's been some huge movements since the Trading statement RNS. Mates rates buying, Holdings increases. No Director buys yet, but is she gonna blow?
Fair do's, Fallingknife - it looks a bit oversold right now, I grant you but the divd cover is already wafer thin (only 1.2 x covered) and with the sizeable drop in orders forecast and, more importantly, the Accounting re-statement, which is often underestimated beforehand, the divd could be severely reduced or eliminated altogether - not good in these challenging times if it happens.
Anyway, I won't comment any further as I'm out now but GL to all still holding - sasa.