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Swingy, can you think of any other reason for Brian not being paid than the company running out of cash?
Barbie Barlow bought too high.. promised the board and became trapped
Thats because Burton D, Swingy and Trading 4 have all been totally discredited here as blatant ,incompetant and deceptive rampers
Not that I ever relied at all on BurtonD but he is still active, today, on other boards but not here
Whl2 , are you still holding 2 million? , or did to seel some on rise to 18p?
That's the trouble lbarlow you were a prisoner of your promise to buy .. Best wait until stability arrives which could be bankruptcy of course. Perhaps our hero will buy it out of bankruptcy. He's done this kind of thing before.
Anglo American don't even know harvest minerals exist. They spend more on their stationary each year than the market cap of harvest. Dream on.
The only clarification they will give you is an RNS informing you of the takeover bid from Anglo American
The accusations on this board ,are of definite concern to any would be investors....Clarification needed as this could go much,much lower....Under 1p expected soon...
Clot1,
'Harvest have been providing....'
Note the word 'Harvest'!
Ahhhh, 'the 33k' Lol
'The 33k' was reported in 'Q4 & FY2022 Sales' RNS and 'the 33k' was included in the trading update 14th Feb 23.
'the 33k' Lol...'the 33k' that's really funny 'the 33k'!
Good Look
Hopefully mcflop will be banned from holding any directorships soon. is he paying himself consultancy fees I wonder ... free shares .. probably knows better than to take those on.
Harvest have been providing debateable figures for stonemeal sales for over fours years and those figures were indubitably celebrated by the vast majority of past and present posters on this board.
What's changed?
Good Look
This becomes high risk should they not make a profit this year. However, that said, what is the break even? The issue here is simply that nobody really understands the financial reporting which seems to vary with the wind.
If they reported in simple terms investors could make an informed decision. I personally think this is horrendously oversold and anyone buying below 3p will do incredibly well. Note the use of the word “think” though because just like everyone else I don’t have the level of information to give an informed decision.
When the next RNS comes they will say xxx sales orders
At that point there will be a discussion on here about what that means, even though they have said only orders paid , invoiced , delivered is a sales order , they themselves are not following this guidance and so are causing much confusion in the minds of investors , and more importantly 'potential investors'
They need to create a standard which everyone can understand
Sales order placed
Sales order paid for
sales order paid for and delivered
Without this clarity we havent got a clue what they are reporting
NicetoMichu.....totally agree... this looks very high risk,as you say.....Will take a look when it goes below 1p...
While I understand that this doggy can still go plenty lower from 1.80 p.. I'm far from giving up on this... and anyone who ends up with an average in the 2'sp - or 1's p even - have a half decent chance of a bag or three's profit at some stage in the future here imho....
That said, this is clearly a high risk bet now.. that could also kinda easily end up under 1p, I get..
But that's just the way of things in such high risk betting ..
Good luck/look to all fellow long and strongs here
IMHO & DYOR
I sold at 3.5p just before it shot past 10p! I thought oops but look at it now. Seems to continually dissapoint.
Lucky on this one but have loads of 100% write offs and bottom drawer stocks, now worth less than the cost of commission to sell them.
I find generally that listed companies are better are making cash off investors than making it from customers.
What next for HMI, will they do a fund raise? Anyone understand the accounts?
Holding tight my stock worth 2k
Trading ,you are getting desperate and tedious. Have you been hired to assist Burton or are you just a little to deep in the hole or should i say dust.
I was dumb enough to think things couldnt get any worse and bought ar 2.65.......Ive mentally written that off and think i will be lucky to get any return. This stock is dead.
Stop trying to convince others to invest when you can see the writing on the wall. you are not doing anyone including yourself any favours
Wishing bm a case of semi permanent dysentery (sitting on bog of course)... might teach him to cobble together some prooper answers .
Thanks for the comments I understand there is a difference of opinion just hoping more positive news sometime soon…
Lets face it , if you are not in profit at the baseline then you need to consider why you are employing more people to make a loss
" Chique thats not quite correct. What he said was its impossible to give an exact tonnage figure for breakeven because employee costs change dependent on production and as we are seeing this year so does sales price per tonne. What he did say was GP was consistent at 70% and price is down about a third this year."
I think I was correct as you have baseline costs which will start to increase beyond a certain tonnage when you will need more drivers etc.
I would be very surprised if he did not actually know what the baseline breakeven is, particularly when they made reference to this a few years ago anyway if you look back at the RNS's
Back in the glory days of 2019 Harvest announced breakeven was 50,000t of sales.
Harvest confirmed this 50,000t breakeven in 2020 when they responded to question 18 of a Q&A secession confirmed in RNS 14th January 2020, part of that answer to Q18:
'We have announced recently that the breakeven point for the 2019 calendar year was 50,000t, which we reached, and that going forward we expect to implement a cost reduction programme that will reduce that breakeven point further.'
Over three years later Harvest using Q1/23 presentation which is available on the Harvest website informed the shareholder that invoiced sales for 2019 were only 27,559t, hard to believe Harvest would use sales orders tonnage to claim breakeven achieved?
Good Look
Theoretically, I understand why he can't offer a breakeven sales volume.. although he should through forward modelling be able to give some sort of wide ball park estimate at least, I'd have guessed.. but perhaps he's currently running scared of calling something else again wrong, and so not offering an answer for this works in his mind.
(Again, Income another key aspect of this b/e calc... and the average price achieved per unit sold is a key facet therein.....and as there have been and may well be further short term sales price changes here, this adds complication to offering approx. sales volume breakeven too)