Roundtable Discussion; The Future of Mineral Sands. 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.
I think there's a good opportunity here to accumulate. At the moment the heavy civils boys are doing fine, and their prices are starting to move back to where they should be eg COST and Kier. But at the moment the resi new build market is dead with schemes being stopped even after they have started. When interest rates start reducing and that changes then the additional turnover should ice this cake nicely. IMHO.
Decent results. Well managed on the comms front, as no surprises given they had given good steer at time of the Power sale. Hard to see what more management can do at this stage to revive investor interest in a business that has transformed itself over last 3 years, but the legacy of previous issues still lingers large. Growing top line, strong cash conversion, decent dividend, low leverage, and ongoing investment into the business should all be seena sgood news but sp stubbornly refuses to recognise the quality of the transformation. Perhaps that s why Quested has had enough and who can blame him. The small cap malaise combined with difficult sector conditions and general aversion to sensitive sectors like this has to turn at some point, but I've been thinking that since the autumn and sp is down 15-16% YTD.
The results, were down as expected, but..... "Revenue improved by 4.9% to GBP349.1 million from GBP332.8 million, but costs outpaced this rise, as HSS Hire said it invested GBP5.1 million in additional operating expenses and GBP1.3 million in one-time technology capital spending to support future growth."
I the economy also improved with time she could be a good punt for the future
Well the results are there. Quite a resilient performance in what has been a tricky 2023. If this is as bad as it gets then we should be on a for a nice rise this year as interests start easing and confidence builds.
I have to say it seems hard to make good profirs in this space. A little extra margin (for all players hold speedy as well) should be discussed at the board, too much downside risk in the revenues v costs operating at such tight margins to revenue.
We should finish in the green...
Counting down the hours now.
Alarm clock set for 6.58!
Get up, pee, wipe the tired eyes, boil kettle make a brew in time for 7.02, sit and digest the update.
Back to bed, get up 8.40, to see how markets have reacted to a 10p divided!!!
Gla.
Wishful thinking 🤔
1st May, full year results
Looks like Brandon Hire not preforming well, plus ca change. Am mildly reassured by HSS update with sale of power unit - trading in line. Am also mildly reassured that the team's work over last 3 years to radically reshape the business, become capital-lite digitally driven platform business may actually be working. Would like to know more about why they chose to sell Power albeit it improves debt profile and capex requirement dramatically. lets hope the outlook statemetn isnt too dire
VP COMMENTARY:
" General construction remains challenging, which has impacted the performance of Brandon Hire Station in particular. An operational review of this division is well advanced and the new management team is focused on actions to drive margin improvements alongside medium term strategic objectives."
Full year results on 26th April.
Ta in advance
Mostly buys until later in the day?
A month til annual results, will be interesting to see what they do with the 20 odd million from the sale of the generator arm. Would be nice to see some of the debt cleared and further tech investment.
Interesting......some hefty trades today
Wow big sells but aome chunky buys
A big realignment in shareholdings appears underway. The question remains who is selling down their holding? Only comfort today is that despite the price action sp is holding steady. Difficult for the management team who must be fed up with the constant shenanigans
And now at 1pm its up to 1.7m shares ......and not a directors purchase in sight...but then why catch a falling knife.
Another 1m+ traded already this morning. The institution is still selling down. The big question is who is it?
Agree Fevertreeman,
Whilst I regret being in at a higher previous price both here and in Speedy, both will turn at some point and we'll see a recovery in the price. I've topped up twice now sub 9p. With the asset sale so no need to call on shareholders for capital, the price will rise or we will be taken out. Patience will prevail.
Despite announcing the power division sale, which will improve the balance sheet, and confirming 2023 trading in line with market expectations, share price continues to head south. The lack of liquidity in the SME space is a big issue in the UK, and with so little institutional support, the gap between fundamental valuation and share price continues to make UK plc the bargain basement for corporate/PE shoppers. It would appear that what we have here with s/o determined to reduce/sell out their holding....over 1m traded today. Patience needed
To put it in context, the mkt cap is what £63m and they’ve just raised1/3 of market cap with power generation sale…crazy stuff and very undervalued
Yes reread it and found the cash fig at the bottom of the release. Silly of them not to highlight it
Wonder what valuation is placed upon the business as the large shareholders must be thinking we can take this private as the current low valuation
My bad, at footnote agree £20m, yet strengthens balance sheet and reduces debt thus add to bottom line as interest payments reduced etc
So 20 million cash, rather than 23?
It's not great in terms of skulduggery and has put me off investing here for the moment, not that far out though ? "Taking account of the customary transaction adjustments, cash consideration for the Disposal is expected to be £20 million"
it isnt £23 of cash - read the rns..the smart ****s at hss have given the enterprise fig. ie including the debt attached to the businesses...poor poor poor
Balance sheet strengthened and business streamlined and debt down which means interest savings too
Nice bit of news - circ £23m to add to cash so nice addition