REMINDER: Our user survey closes on Friday, please submit your responses 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.
Me too1
Fishy accounts in a smoke and mirrors sense I certainly get.... maybe even fishy beyond that too, I'd half get..but the auditors have more and more been all over Mc Masters smoke and mirrors as we've gone too.. so hard for serious fishiness nowadays here..
PS: I've done another top up here this morning .. as I think this business is clearly turning around now .. and I also see a chance of a sell up 'on the cheap' later in 24 by a now more battered less interested McMaster..
(I think the current sub 4 m gbp market cap for this is looking too low now.. the established market footprint and mine life and storage facilities here alongside an improving demand picture in 24 and 25 make this a compelling buy out target for up for 10m to 15m gbp ish for a variety of potential suitors imho..and McMaster and plenty of shareholders might now bite at such a 6 to 8p ish per share offer later this year .. I certainly would bite at it ..)
Something very fishy about the accounting for this company...very fishy indeed....Please be ultra cautious as this is extremely fishy ,in my opinion.
Niceto....
Correct,
'....was from orders placed in Jan/Feb 2024 surely.....'
Good Look
Pedro is an unashamed deramper quadrupled here.. with little handle on the detail either... but that's not to say there is no merit in his opinion.. look at the history here and always be very cautious..
By contrast, Smalleyus is all over the detail here - jan/Feb 24 not Jan/Feb 23 below I think you meant below though ? - and should be much respected / listened carefully too ..that said Smalleyus would rather the price be as low as possible in summer when he's maybe open to buying in here..
I'll bullishly go with: I think this is more likely to go 2.5p instead of 1.5p from here now.. But I wouldn't bet a lot on that.. as this remains a very high risk bet
imho & dyor
@pedro61 I do believe you're talking through uranus. You say in your 'honest opinion' which means you're actually a confounded liar. You have a hidden agenda which entails talking the sp down. The market will ultimately decide. Your opinion isn't worth s h i t e
Spot on there pedro!
My research shows that a the vast majority of Q1/24 invoiced sales were made in February, which looking at all historical sales for February is very, very, unusual!
It's almost as if the most of the 6,173t carried over from 2023 were sold/invoiced in February 2024.
If that wasn't the case and the unusual amount sold/invoiced in February was from orders placed in Jan/Feb 2023 surely there would have been a brouhaha RNS issued?
Still, 3 sales RNSs issued in 10 weeks?????
Good Look
I think investors need to be ultra cautious,as can they really trust the board?....I would say not.....I would be interested with more trustworthy people in charge,but they will continue to dissapoint,and could be hoodwinking investors ,in my opinion. Please look at things very carefully before committing your investment. I feel this will continue its big descent downwards. 0.50p very soon in my honest opinion....
True but Q1 was about the same as 2021 when we finished the year with 85k sales.
So the 70k seems reasonable
Not as good as 2023!
Good Look
Orders in April the same as the first three months of the year combined, that looks like a reasonably successful marketing campaign
Thanks, and I get exactly what you're saying now.
PS; Still, please scratch my ''Generally, the poor ratio of invoiced sales to placed orders has been and seemingly remains a thing generally here, I fully get'' line in my last post below .. I wrote that without doing enough of a back refresh for myself of 23 /24 RNS.. and I now think this sentence of mine is defo. too harsh/kinda wrong.. invoiced sales to order received over the year is generally not a poor ratio .. it's a reasonably good one actually imho..
Yes, 6,173t less 550.47t
Are you referring to placed orders last year that had yet to be invoiced at year end 23 ..and would have hopefully been invoiced thru q1 2024 -or beyond - Smalleyus?
Generally, the poor ratio of invoiced sales to placed orders has been and seemingly remains a thing generally here, I fully get
Yet they fail to mention the outstanding 5,622.53 tonnes.
Good look
The orders received in April is very impressive imho.
Obviously what's invoiced is the key indicator generally though, and the extra actually invoiced in April - on top of q1 invoicing previously notified - is uninspiring.... But my guess now is that that strong orders month in April will see both May and June have decently better invoiced sales numbers ...
Also lets not forget that the second half of year is much busier than the first for orders as a rule
So in the round I could make a pretty good case for this s/p being decently higher than 2p now.
And the tranche I sold recently - in early 2'sp - I bought back just now (in early 2'sp)
(And I was tempted to buy another tranche on top in truth.. but stopped myself because of the history here)
PS: Watch out Black Cat Burton's about :-).. but I see him as right to blow the trumpet here today, in fairness..
Ummmmm…
Looks like #HMI back on track with the fertiliser and the REE could be the huge cherry on top for @harvestminerals 🍒
“…Despite the ongoing tightness in market prospects, there are signs of improvement in the second half of the year…”
https://www.londonstockexchange.com/news-article/HMI/kp-fertil-r-sales-update/16452782
Just topped up there. This is now way undervalued.
GLA
Solid update. Can't see anything to criticise there.
Not so good then!
Good Look
I think many of you here are naive concerning the agricultural and farming business in Brasil.
I have experience ,albeit in ag machinery, with this sector and I will tell you now purchase orders received,goods delivered,invoices raised mean absolutely nothing. The only real measure is invoices paid. Delay and default are common occurrences and legal action to recover bad debts can take years.
That previous poster - who said invoices as close as you'll get to income from sales forward viewing - was smalleyus.. and, his 'quirkiness ' included even, he's very much worth listening too imho .. (he knows an awful lot about this company/sector/region/country etc..)
You might easily be right on us not seeing 1.5p, profs.. but I'm happy to wait and see .. as we just might too.. imho :-)
I don't think we will see 1.50 or 0.7 unless there's bad news on the horizon.
HMI focus seems to be on actually getting paid now and as a previous commentator stated invoice is as close as your going to get.
yesterdays minor rise was due to the sales campaign ending today. Nearly 90k views on instagram kp fertil sales ad video and comments below the video suggest it has been a success.
update soon detailing sales order received and how much has been converted to invoice.
GLA.
While anything can happen in doggy shares like this, I get... I'd still be very surprised if this goes anywhere near .7p thru the remainder of this year, Pedro.
Indeed I'd be surprised if this goes back even close to 1p in remainder of 2024
And while I sold a bit more into yesterdays spike, to now hold a very small position here, I'd be open to adding back if this falls to 1.5p ish .. and indeed open to keeping incrementally adding if further weakness again from there too ..