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A good business. Long term who knows what will happen when present CEO ‘retires’. But it’s a business that would have a good buyer whatever happens. 2.5p x4 = 10p with an SP of 2.00 would be 5%. Good hold
Trek
Agreed.
We have both been sanguine over this and I guess the divi is the best indication they can give, under normal circumstances I'd have expected either maintain or a 0.5p cut as they are historically very disciplined as to paying divi out of free cash.
Given that with real interest rates giving them a gift on all the cash in trading accounts and with markets perhaps tempting the keyboard warriors to start punting again, once we know where we are with FCA (I am a great believer in that when you open up the drains you normally are dismayed at the smell), then I think we can move forward but this past 4 weeks SP performance has surprised (& pleased) me.
But as you say there are plenty of overlooked potential gems at present.
SP gone up by divi. I may sell a few more soon. Scratching head as well up and don’t want to loose rest of winnings.
US having a cracking day. May spill into next week. Will think over weekend.
I guess we are far from a couple of rampers barchid!
Can always buy back and I don’t mind paying more for the FCA news.
3.5p, 3p, 2.5p is hardly giving one confidence and plenty of other bargains to be had!
Usual caveats
Trek
But better than zero. Let's not forget that less than a month ago we were facing the prospect of no dividend because of the costs of the skilled person's review and/or delay due to the need for FCA approval. The dividend has, one would presume, been approved by the FCA. I think a (temporary) reduction was inevitable (costs/prudence). Let's see what the Q1 dividend in March has to bring (hopefully the end of the review and any potential consequences should be in sight by then).
Hmmm, divi 2.5p compared to same divi this time last year of 3.5p.
Not so great...
JIM website still showing today as divi announcement day.
Traditionally they tend to announce around 3pm.
This could give us an indication of how serious or not their current investigation is.
Trek
Definitely get the wtfdik feeling and this price is close to when it dropped faster than a *****s drawers that Friday afternoon on the FCA rns so do nothing is the sensible option as we don't have a clue what the FCA will say!
That’s some half decent buys today at this higher SP. Like you barchid, I have been watching for clues; could these be ‘employee’ size buys?
I figure if I haven’t added here then many others haven’t. The volume has just not been there to follow and the SP ‘artificially high’.
Do you ever get that wtfdik feeling.
Could have bagged some extra yield here close to 130p but have stuck with what I have. Still well in profit now but could have been much much better! Arrrgh!
I am defo not adding now until I see the FCA findings. Unless you are in the know the risk benefit is not imo in the sp at 175 as this is closing the delta on CMCX and AJB now. IGG and PLUS still ahead, understandably.
Usual caveats
Trek
A good day today, divi announcement due this week too.
Trek
You are absolutely right but until the FCA issue is resolved we are rather left in the dark.
I don't believe that it is a serious issue but whenever someone opens up the drains a nasty smell normally emanates !
I just wish we had some guidance on this matter from JIM but I guess they are unable to, however Q4 divi announcement is due next week, 10th, so that could give us some idea of what we might be facing.
“ has Jarvis Securities (LON:JIM) got a moat?
When it comes to finding companies with moats, some of the biggest clues actually lie in their financial statements. By looking at a small number of important ratios you can get an idea about the competitive strength and profit power in a business.
Here's what they are and why they are important - and how Jarvis Securities stacks up against them:
High rates of Free Cash Flow - the measure of a thriving company.
- A high ratio of free cash flow to sales can be a very positive sign. For Jarvis Securities, the figure is an impressive 54.6%.
High Return on Capital Employed - the measure of a company growing efficiently and profitably.
- A 5-year average ROCE of more than 12 percent is a pointer to strong efficiency. For Jarvis Securities, the figure is an eye-catching 95.8%.
High Return on Equity (compared to peers) - the measure of a company making good profits from its assets.
- Jarvis Securities has a 5-year average ROE of 77.6%.
High Operating Margins (compared to peers) - the measure of a company with pricing power
- Jarvis Securities has a 5-year average operating margin of 48.1%.”
https://uk.finance.yahoo.com/news/why-jarvis-securities-lon-jim-141728388.html
Trek
I think generally the shares react in quite unpredictable ways - and will often overshoot for instance on good news. I think mainly down to being a low volume share rather than anyone with inside knowledge influencing the price. The main driver at the moment likely to being the interest rate that Jarvis can get on balances
Apologies for being a "Jarvis Bore" but the offer at 170 has been taken leaving them another 4% up today, at present.
Surely there is news/RNS imminent ?
The director's purchase 10 days ago at 135p was certainly well timed as with market a tad lower again JIM are 160-65.
Hopefully we will see some news soon from the "trusted person".
Todays move through to 156 makes little sense. There is very small volume.
I can only assume there is a big buyer trying to accumulate stock.
I am tempted to add again but common sense warns me against buying a low volume trend.
I guess that shows I am not too rampy a holder here! Lol!
Usual caveats
Trek
Trek
And it edges up again today again, perhaps someone could pop down to the Costa Coffee in Tunbridge Wells to hear what they are talking about !
It is a remarkable recovery so far, as a full up holder I am very pleased to see it so.
If the guy on site is blabbing about how it’s an easy systems fix and nothing to worry about then those close could be buying. Insider knowledge, for sure but it’s small change here and would be so difficult to prove.
I did think about grabbing more but tbh I think 150 seems to be the top of the bounce on the chart so would rather wait at this level but may add if it drips back.
Usual caveats
Trek
If I were a cynic, the way the JIM share price has eased upwards over the past week or so could give me the impression that someone knows something...
Of course, not being a cynic I would never suspect such a thing...
Amazed and befuddled at the communication. I guess we have to wait for November and the dividend declaration.
Is Middleton a new boy ?
I agree with your 4 points, we are currently being fed like mushrooms, however a director purchase, in market not through board options has to be good news, the only problem is we don't know just how good !
Must say I don’t know what to make of that director buy…
1. We have had a poor RNS insofar as lacking substance and transparency
2. The director buying should have the same poor info as us so it doesn’t make sense
3. He has better info than us, obviously, so why haven’t we been told
4. It’s a signal to us poor old PI’s that the sp has overreacted to news.
Pick a narrative….
I fed back in at around 118. Looking to add more but sat on hands atm… see where it settles
Usual caveats
Trek
Note that a director bought a tenner today at 135p
Good news eh ?
... and there was me thinking, after the peer to peer debacle, that "FCA skilled person" stood for someone who didn't have a clue what they were doing or who they were supposed to be protecting (and becomes Governor of the BofE to boot!).
We seem to be trying to creep a little better....
A very long way left to go though.