Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Agree. Very disappointing and seemingly downbeat update. Worse still, totally unconvincing about their prospects. But the share price hammering does now seem to leave the company on a relatively undemanding PE of about 13 with manageable leverage and decent liquidity. If it can return to any sort of growth that would support a re-rating.....admittedly a big 'IF' from here and even then likely to take some time.
Yea can't see how it's ever going to recover.
Think I'll just hold. Just because it is actually profitable Which is rare in AIM so maybe can make some good acquisitions
Grim, not going to meet expectations, Vague on how future targets. Says medium term growth. Big drop today, don’t see how SP can recover, and change the steady downward pressure. For me it’s exit time. Damage limitation GLA
Beats me. Volumes are steady with no news. I am no expert but it appears to me that someone is just very successfully and quietly running an algorithm-based programmed trade. Perhaps someone with more knowledge/insight of these things can shed light.
This has been one of the most disappointing shares in my portfolio. The recent financial updates have been poor and uninspiring. This is a company in a sector which should be a growth story. In fairness has been affected by COVID but I am definitely looking for positive signs in next update (last year 1st October) that strategy outlined in the capital market day will be realised. I’ve been here 3/4 years but will think about to keep or drop then.
Has anything changed at this company that I am not aware of as it keeps making new lows.
why is price going up?
I got an intrinsic value of 700p
Massive discount
There 2021 ROIC covers their Cost of capital amazing
A consistent SP fall, on a company that seems well managed. Been paying down debt, a fair yield. Struggle to find reason for SP drop.
These boards will take anything they can get
Yea it's mental
May as gamble on dodgy oil companies before earnings make more in a week than you do in 6 months investing in solid companies with great fundamentals
No wonder private equity are buying everything bargains everywhere
2 years ago you would probably be laughed out the board room with some of these takeover bids but now adays
oversold keeps on overselling.... Theres so many stocks on AIM that dont even make a profit, yet here we are seeing this fall into the ground..
Been picking up more stock this week at these very oversold levels.
Recent update ok and decent cash position makes this a great tuck away , had a decent spike to the 3 quid level day after their capital markets day and I expect that level to be retested in very near future could even be an attractive acquisition target....
At last a 5% bounce from a low of 267p following their Capital Markets Day https://www.lse.co.uk/rns/IOM/capital-markets-day-z0ajrpfhsiv0scu.html
the drop today (currently 8%) seems overdone given the expectation of flat, but consistent, results for the YE 31 March 2021... Optimistic commentary and the trends in this sector all point towards a 8% drop here giving rise to a good entry point
Iomart is a strong company.. Don't be fooled by minor details. The landscape has changed dramatically. Have faith in the new CEO, fresh blood has new tricks up their sleeve. Watch this space - I suspect cost cutting, re-organisation and an overall emphasis on first class support. This is not a one trick pony - they are resilient and adaptive to change.
I watch patiently for the next phase in their race.
£10k token purchase by the new CEO has hardly impressed. I buy more than that and I'm recently unemployed!
Hi all, here's a video re: todays results with the new CEO Reece Donovan: https://youtu.be/Yo9qSsN9UN0
My on / off affair with this one over the last 7-8 years has come to an end. I suspect the pace will fall somewhat due to Covid and leaving the EU. It's still a company I keep an eye on and remain up to date on news but unless it falls to around £2.80 I doubt I'll be buying back in for a while. It has definitely been one of my top 5 investments for profit over the years.
Shorters pis-singing about with 1/2/5 share trades; planning to get SP below 300p again
Never seen so many one share trades and single figure trades as today. Needs investigating but wishful thinking. Will clearly be driven lower. Greedy target price of 270p to buy back.
I'd gained more insight on the new CEO doing my own research than reading that article. Oh apart from what book he's reading and the music he listens to - very relevant :-)
Interview in The Herald, Glasgow, with new head honcho
https://www.heraldscotland.com/business_hq/18789091.new-broom-iomart-looks-tweaks-future-growth/
Doing some research suggests the new CEO is a very good fit for the business with vast experience within the IT sector. Also, Angus has stepped down as CEO but is still in the background on the board. Therefore to me, a new hungry CEO will bring a new drive and energy to the business whilst still having Angus's experience to call upon from time to time.
I'm hoping for further shrewd acquisitions in the future. My research suggests the most profitable ones are those bought up using other companies data centre colocation space. Once they buy in they immediately start the planning to migrate the physical servers into their own DC's and straight away the margins increase.
Plodding along at best. Profits down a bit, margins down a bit more.