Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Nothing to write home about. Financials as ever peppered with 'one offs'. Stocks and inventories have increased despite reduced turnover, whist net debt is only down because of huge increase in payables i.e their suppliers are effectively acting as a bank.
I concur. Smart money is on a buy prior to interims. Mark my words.
Strong buy**
Screaming buy mate. Reckon 10% potential upside. The fundamentals are so solid and a good AZN vaccine will propel them further. Very well diversified products.
Tis about time JM either come good with fuel cell technology or throw the towel in.
Needs to come good though, as far too much exposure to the old faithful combustion engine.
Big restructuring which may be to just appease the institutions.
Difficult to call indeed, but can be sure Covid will take any blame.
Thursday 18th. Hard to call. Anyone any views?
handle and cup forming on daily chart. a move above 25 quid could see the gap to just under 27 quid filled. as always the pattern is looking in isolation, a lot will rest on the underlying market but a technical break higher usually gives shares a period of outperformance vs the mkt.
Just looking at the daily chart, looks like a big drop, but the good thing is that it is just setting on the 200ma right now.
So I reckon a good bounce from here to around 2600
GL
https://www.thetimes.co.uk/edition/comment/boris-johnson-has-a-burning-passion-beyond-brexit-t5str373z
A hydrogen-fuelled future energises Johnson
This is where hydrogen comes in. .... government want to replace natural gas with hydrogen so that .. there’s no carbon used in home heating. The idea is that hydrogen would be pumped through the existing natural gas network (as long as old iron pipes had been replaced by plastic ones) and into our homes.
The other use for hydrogen is as a fuel for long-distance transport. There is a view that you simply won’t be able to get an electric heavy goods vehicle which can make long journeys as it would require too much battery power. But hydrogen could work well for lorries, trains and even ships.
Indeed, there are already hydrogen-powered buses on the streets of London. They are Johnson’s version of a peanut butter and jelly sandwich, two of his favourite things put together.
One of the attractions of hydrogen buses is that they don’t need recharging all the time, they can do about the same distance as a conventional bus, and can be refuelled quickly.
Can hardly wait
Looks like its crashing today. Perhaps a good buy in opportunity.
And I thought they drank Vodka. Nice licensing win for JMAT.
No it does not instil confidence ...some of the information also does not tie up for me. So would be useful to see what others think.
Finished last year 2018-19 with profits 566m, up from 525 with direction of mid to high single digit. So if we extrapolate that’s 2019-20 of 610m. H1 was reported at 265m which means H2 is expected at 345m, which is about 57.5m a month.
China was hit by Corona in the end of Jan and Europe by Feb end, just seems like around 50m seems light as a guidance.
With clean air being almost 65% of the group, which is intimately tied to the automotive sector. I fear for the outlook.
In H1 they talked about substantial capex for 2019-20 of up to 500m. That’s like a years profit in investment, with substantial amount of that related to the automotive sector. With The corona crisis not sure these investments with give great return.
The worrying thing is the debt and hence the interest charges, finance charges for 2017 -18 was (39m) and then up to (43) in 18-19 but if you look at the mid year numbers they go up (16) to (20) to (36) for 2019/20 so I expect the finance charges to be over (50) for this year.
Hence the question is there any reason to hold on or should I liquidate.
For the record - I still have holding in JMAT but did liquidate a substantial portion In 2019 post the H1 results.
Doesn't exactly instil confidence does it - "The ongoing pandemic has led to a deterioration in some of our end markets and consequently we now expect to deliver group operating performance below market expectations"
It's doing well to stay blue tbh.
Not good.
42trader - must congratulate you on your alert at 2050... What's your latest view ?
2244 for me - it may go lower tbh
Bought at 2582. I have cash waiting for a possible top up.
Alert at 2050? Really? Technically (RSI 7,14) seriously oversold at 2700 ! Shortly back to 2800 IMO
Almost tempted to buy here at this price as it has hit the bottom of my trend line, but I've a feeling it will drop further and so have set an alert for 2050p.
Thinking of dipping a toe in here but with Palladium going off the charts how is this going to impact costs. They mentioned it at half year results and its gone up a lot from then. I would guess that is the reason for recent weakness? Any thoughts guys?
Support at 28.1 and 28.28. RSI 7 says high overselling. Monday looks like time to buy.
Treat it as a great chance to add at this level. For me Jmat at under 2900 is a bargain . Yes it could get even lower, but one has to see the long term picture. Umicore and Jmat are by far the market leaders in batteries, catalysts etc and one if not both will be a TO target sooner or later. Total was rumoured to be interested in UMI but nothing so far.