Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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.
Started: ragnarlothbrok, 27 Jun 2019 08:10
Last post: jsmith23, 27 Jun 2019 10:23
New thread on lse for FFX:
http://www.lse.co.uk/ShareChat.asp?ShareTicker=EQLS&share=equals_gp
Was not expecting that...
Started: TruroTrader, 17 Jun 2019 10:52
Last post: compadre, 24 Jun 2019 10:48
Sounds sensible, it’s best practice after all
hi compadre. I'm not advocating divis that would reduce investment/takeover potential. What I would advocate is a token tiny divi for the following reasons.
1. Providing a competent BoD has run the company well then a token divi shows a positive statement about the future.
2 It provides a cheap form of advertising.
3. The number of PI's and II's who invest in dividend paying companies far and away outnumber those that don't.
By paying a divi we immediately go on the radar of a whole lot more of deep pocket long term investors, some of which may well dip a toe in the water.
I hold IDEAGEN a software company that does this and also grows by both acquisitions and organic revenue. The income is insignificant but the share price has trebled in just over three years.
Would be nice, but probably be kept to reinvest in the business / for acquisitions / future growth plans?
Truro Trading Update should be out early July, will the sp return to highs of 1.30 - 1.50 range?
Encouraging. Forecast for profit this year is £11 Mill and next year £16 Mill. With no real debt do I hear the pitter- patter of tiny divis coming our way?
Last post: jsmith23, 21 Jun 2019 14:47
FairFx are presenting at a Shares magazine investor event in Manchester on 25 June. A video of their presentation should be available on Shares website shortly after that.
Started: GSmiley, 21 Jun 2019 08:31
Last post: ragnarlothbrok, 21 Jun 2019 14:06
FFX is steadily rolling out new products (and potential revenue sources) and the development pipeline is healthy with a number of things happening in the background.
Its all about scale and using the platform for adding revenue with minimal costs. We want a network of partners who lack the platform and are willing to take on the counterpart credit risk.
The AGM statement indicated we are on track to meet expectations despite the sterling weakness (always flagged as a major headwind). A P/E of 14 for next year, debt free and strong top and bottom line growth with improving margins all make me pretty comfortable with my position.
Excellent news - another string to the FFX bow. Widens the range of product FFX can offer to its customer base and riskless as debt is provided by a third party.
GLA
GS
Hi Truro,
I bought in last year, average is around 1.23 & we were back at this a couple of weeks ago but has now climbed back down
Thanks
Hi jsmith, The share price 2 years ago was around 60p. Not to sure when you bought but a temporary reduction is to be expected. At this price it's a buy.
why the big drop in SP???
Today's RNS?
Advertised on the f1 yesterday
Started: jsmith23, 17 May 2019 17:30
Last post: jsmith23, 17 May 2019 17:49
Thanks Truro
@1.14 i have no idea if this can be a sell or buy, not from today
Delayed trades anyone?
Hi jsmith, maybe they were Sells but then again they may be Buys. My, much smaller, trades have often been misquoted.
The decision as to whether a trade is recorded as a buy or sell is a judgement call! What it is based on, and how the judgement is decided, I have no idea.
Sells @ 1.14???
Sells in the millions???
Started: jsmith23, 16 May 2019 16:51
Last post: GSmiley, 16 May 2019 17:22
Re-read the RNS to make sure for yourself, but essentially it means that performance targets agreed in January 2017 when FFX bought Q Money have been hit and therefore additional consideration (also agreed at the time) is now payable. And if further targets are hit in the future then further consideration will be payable. If the targets were hight relative to the additional consideration it is good news. If they were not, it is not.
GS
RNS
Anyone know what this means and is it gd news?
Thanks
Last post: jsmith23, 10 May 2019 18:11
On the up we go!!!
it tokk 4 days to get the 20% I hoped for - more to follow imv.
Up it goes......:)
Last post: Taverham, 29 Apr 2019 15:55
On friday i thought we would get 20% increase - i will not complain if it takes a few days however!
The doubters are kicking themselves now...
Should of bought in below £1, bargain!
Started: ragnarlothbrok, 26 Apr 2019 08:45
Last post: TruroTrader, 26 Apr 2019 20:21
Hi rag, considering this is a start-up on AIM that's never paid a divi the latest results are about as good as you can get!
I've done a couple of dozen AIM investments that have just disappeared into administration or re-appeared with the old shareholders (me) wiped out.
I've sold enough FFX in the past to make my current holding pure profit. This is only the third time I've managed that but other shares are sitting comfortably well in profit - apart of course from the ones that ain't!
The AIM is a sort of watered down Wild West. My message is don't kick a gift horse in the teeth but enjoy the rise and perhaps take a little profit?
Nice results, as previously guided in January. Very good start to first quarter may lead to earnings upgrades as the year progresses, despite the Brexit headwinds still in force. Should also mean continued further strong growth into 2020 as the cost streamlining comes through and hopefully a successful venture in the USA. Operational leverage superb.
This is one of the few shares you can buy and hold without worry. No need to frequently check in on the share price, or for that matter, look at the message boards! More than happy to hold till this time next year - would be expecting a SP comfortably at 150p in 12 months and 200p in 24 months. Once Brexit clears, the shares may re-rate upwards again, which would add 30-50% on to those price targets.
I have just re-watched the Proactive video from March - a good useful reminder to the company's plans and interesting comments at the end regarding the market's valuation of the business - be patient and the market will catch up.
https://www.proactiveinvestors.co.uk/companies/stocktube/12486/fairfx-ceo-ian-strafford-taylor-updates-on-supply-chain-streamlining-12486.html
May go a bit upwardly mad towards the close today, or during lunchtime.
Some reasonably weighty buys gone through with a full ask of 107p having been paid.
Taverham I know what you mean! A few more rises like today are very welcome. The market likes the numbers which is a relief. The recent SP action has been a bit painful.
Truro, I'm talking about profit, not revenue. A £2.5m reported profit makes a market cap of £170m look pretty punchy. A couple of years of £10m+ profit and this will be 50% higher and we may even see a dividend.
Hi Rag, Caution is a great thing and I appreciate that one swallow does not a summer make but with the last 5 years revenue figurers as follows: 5.48M; 7.97M; 10.19M; 15.41M; 26.1M plus profits for the last 2 years we have no winters anyway!
Start of Cenkos Note FY18A has been a transformational year for FFX in terms of financial and operational delivery. The company confirms today that FY19E has started positively with +43% rise in Q1 revenues. With further operating leverage to come through in FY19E, we see great value in the current share price.
the growth rate puts historic p/e below 30and I would guess current p/e below 20 which imv is too low. Hoping for at least 20% on sp today. fingers crossed.
Nice set of results and expecting to hit expectations for this year.
Last post: TruroTrader, 22 Apr 2019 22:30
Thanks for the link jsmith.
Interesting that they're moving more and more to commercial customers. The greater number of transactions per client, even at a lower margin, seems to be the key here for me - particularly if we crack it in the States!
Started: trade123, 8 Apr 2019 09:20
Last post: trade123, 8 Apr 2019 09:20
Share Watch main recommendation
they also hold 10000 shares
Started: trade123, 4 Apr 2019 16:59
Last post: trade123, 4 Apr 2019 16:59
Looks like some body buying in the background. Price is stable.
Last post: ragnarlothbrok, 27 Mar 2019 15:48
No I don't think so. They converted 7.5m warrants into shares. However given they havent notified of an increase they must have sold an equivalent amount in the open market.
If they acquired 7.5m shares for £2m (27p/share) and sold them at 100p then that is a very tidy profit. Thus far this has been a very successful investment for Crystal Amber!
I see so CA have increase their holding in FairFX?
James their interest has been previously disclosed. They have been diluted as a result of the conversion of warrants into new shares by Crystal Amber. This could explain the recent SP movement with CA selling shares equivalent to those converted from warrants on the open market (Given they havent announced an increase).
https://www.marketscreener.com/FAIRFX-GROUP-PLC-17109493/company/
Pembar Ltd (British Virgin Islands) - I have never heard of them suddenly announce a 17.6% stake - no discloseable interest previously. Anyone have any insights ?
Dilution by any chance?
Whats the RNS about?
Last post: jsmith23, 21 Mar 2019 17:12
Resistance @ 1.05, can we break the deadlock?
Not all those which say they are buys are really buys. For example, the 2 trades around 13:56:50 on 19/3/19 for around 150k are both done at lower prices than previous buys but at a higher volume. 101/105 was not the true spread at this time, it was 103/105 (I checked) which meant the trade was done at the midpoint.
How is this happening if the majority of trades are big buys
Cant really see any big sells?
Over the last few months shares have been changing hands amongst the larger holders. Blackrock and Crystal Amber adding but some of the others reducing. My guess is that this is still happening
Someone seems to be loading up
Started: jsmith23, 18 Mar 2019 15:52
Last post: Allthatglitters, 18 Mar 2019 17:53
That was a rollover. Hence no movement.
Amazing - a strong day of buying and the share price hardly moves.
18-Mar-19 15:10:12 104.20500,000 Buy* 101.00 105.00 521.00k
18-Mar-19 15:10:01 104.00500,000 Buy* 101.00 105.00 520.00k
Started: jsmith23, 13 Mar 2019 09:20
Last post: jsmith23, 15 Mar 2019 13:11
Who is this off loader, there stalling the whole operation...................
It seems like there is someone offloading shares - hopefully it will end soon and the rise can continue.
Why the current drop?
Wasn't this on the up...
Hey Truro! When I say 'getting there' I mean the steady upward momentum in the SP which we saw last year. I take your point however, there has been a lot of progress recently:
- We should be hearing confirmation shortly about gaining access to the US market (very exciting to be rolling out the business model across new territories);
- Granted a settlement account by the Bank of England allowing participation in the faster payments scheme (only the 4th non bank to be allowed to participate) affirming the quality of the platform and controls;
- Supply chain rationalisation ahead of schedule which will support margin expansion.
The SP seemed to react badly to the January trading statement but looking back at it now with the exception of the obligatory reference to the Brexit-induced macro headwinds I can't really see much wrong with it. Ian seemed extremely upbeat on the recent call ('surprisingly good' trading!) and the pound recovery should be helping things.
We seem to be back on track, nice rise today so far good to see the SP back over £1.
ATB
Hi ragnarl, Actually I reckon we are pretty much there now. This will be our 2nd rear of profit and with the USA connection to work on this year it can only get better particularly with the recent cost cutting.
Little early to talk of Divi's but a token one is possible for this year but next year a Divi should be pretty certain if only a token one. .
Last post: trade123, 11 Mar 2019 10:27
the small company Share Watch
Last post: jsmith23, 11 Mar 2019 10:00
S C W?
Any link?
Buy recommendation in S C W
Started: jsmith23, 7 Mar 2019 13:16
Last post: jsmith23, 7 Mar 2019 13:16
Started: Taverham, 4 Mar 2019 08:47
Last post: Mandrill, 6 Mar 2019 10:30
Doesn't seem to be much interest in FFX.
Decent rise has been knocked back.
The business looks fine to me but what do I know?
Was a bargain buy at 0.85 - 87p
Well almost at 100p.
The bit of news on supply chain rationalization is good.
Just don't know what a fair price (joke) would be here. holding.
If SP can get to min. £1 by the end of week would be great...
Volume today is decent 1 Million +
Any ideas why this growth story is not reflected in sp?