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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9.10 to sell
When the TR1's are released this moron who made 1000's the other day will buy back in.. until then I have the pop corn GL to you
wait until the £50k plus buyer piles in to average down from yesterday
Big reversal in play.
Where are the deramping morons??
Debt is an issue if you are not making a profit to pay it off
They also have a agency called Logistics people that they use to get drivers to work for ESL. They do driving and warehouse staff. They pay the drivers £13 per hour as self employed Ltd. But here's the link to set the shorters up? The agency is owned by one of the directors of ESL, so they get looked after better than full-time employed drivers. Because the directors has made it so, Just milking the profits for himself.
Reversing
It's not the level of debt that matters it is the ability to service that debt with the necessary levels of cash flow; business don't get in to trouble because of debt but because they don't have the cash flow to service the debt. Sales revenue here is huge so the debt is not an issue.
Its not 200m of high interest debt is it...only the recent facility is high interest
Truth factory read the posts idiot and the turnover short of £1 Billion vs £200M debt is small change
Worked for this company. Not run as well as some on here actually think. Poverty wages for the drivers and the rest of staff. Only management get real wages. Company too busy undercutting rivals for the work and end up making no money themselves. Example Walkers crisp contract in Leicester was priced at £10m less than they wanted, so both parties by mutual agreement cancelled the contract. In came Wincanton with similar low ball offer for the contract? Too many companies at the moment undercutting each other for work. Fowler Welch, Wincanton, Turners, Malcolm logistics to name a few. Stobarts also mainly based in the North of country, because wages are a bit lower. Only one depot in London and that's at Dagenham, can't afford drivers in the south. How is £9 per hour hgv driver going to work for them? Sometimes went to pick up load and load already delivered by another driver day before. Too many problems at Stobarts, a lot are IT and poor morale by staff. No one gives a **** about working for them. You can get paid £9.50 per hour working in Amazon £10.50 in London, so what incentive to work here but get experience and leave. Anyway from an investment point of view, High volume, low margin business, with everyone making 2-3% profits is the reality. Will they buy more businesses to increase turnover and integrate costs? Definitely, but the Stobart brand is owned by the Stobart group not ESL.