Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Keeps stepping down. Annoying 5% spread is offputting. Relatively low P/E now. Good dividend.
Occasionally mentioned by NT which might explain a few buys.
Brexit risk I should think.
Needs better results next time to turn it.
Wow!
Amazing. Can now buy below 250p. Never thought we would see these ridiculous levels but the markets do work in mysterious ways. Could obviously fall further short term but if this is not an incredible buying opportunity I don't know what is. MMS taking advantage of the general market decline.
Big boys a bit late to the party then, they could have bought into the ipo at 97p a year ago. Can't plame the directors for cashing in a few of their chips with a 200% rise, only a few mind.
Anyway given me a chance to buy back in and save a few bob, hopefully this marks a line in the sand at 300p
Been dragged down due to placing: 1,500,000 at 300p due to II demand. Letting the big boys in cheap as ever.
Quite bizarre the fall since the results were published.
- Yes, fantastic figures.
And current trading is ahead of expectations.
Given time this should become a multi bagger.
------------------- ---------------- --------- ---------
Group revenue GBP16.5m GBP10.8m 53%
EBITDA GBP7.4m GBP4.5m 64%
Profit before tax GBP7.3m GBP3.6m 103%
Net cash GBP7.5m GBP3.4m 121%
Earnings per share 14.10p *6.59p 114%
Dividend per share **11.25p *7.19p 56%
An excellent set of results from an excellently run company
Looking at the volume of sells today, difficult to understand how this could rise. Results are due out in the morning at 8am, fingers crossed
A couple of fairly large sells yesterday but it's back up a tad today.
Think this is one of R Burns longs if I remember rightly.
Think it's more a case of the spread increasing which is now a bit mad.
Just leapt 10%, has this been tipped somewhere ?
the update looked quite benign and the PE if that means anything is now quite low. However, I wondered if the rapid rise is simply overdone and maybe another case of Nakedtrader 'ramping'?
No idea whats causing this fall. Any ideas anyone?
What's happening here?!
A nice rise yesterday. Hopefully further rises up to the FY update. Then, as you say skittish, a sparkling update.
The half year update was 11 days after the half year end - and the last FY update was 14th June 2017. So, if the recently established pattern is followed, that should mean a FY update mid next week. Director family buying and the recent recovery should hopefully mean a sparkling update to come. Fingers crossed.
Pardon me, I meant the end of their financial year is at the end of May, not too sure when they will be released.
I agree with what you say. Where did you find out that they release results at the end of this month?
Was doing noticeably better in an unsure market. I think certain investors have decided they have missed the boat on this one and decided to look elsewhere. The fall down to below 2.80 from 4.00 was startling due to how quickly it dropped, but it rose consistently for about 4 months before that. A near trebling of ones money will always entice people to hit the cash out button. Results are due out at the end of the month, I trust the people running this company. I am still happy to go long on this one.
In FY 2017 this had revenue of �10.8M and profit �3.6M EBITDA �4.7M. H1 2018 saw revenue �7.5M profit �2.6M EBITDA �3.3M with revenue and profit growth of 30% over a year earlier. The update suggested FY18 revenue �16m EBITDA �7M, with both roughly up 50% on a year earlier. I suspect the EBITDA may be slightly cautious as in December 2017 EBITDA was �1M, but maybe the start of the year is slightly "soft" in any event. If FY profits are around �6M this year, then at the present price this gives a p/e of 22.8. K3C appear to be the No 1 player this their particular niche, and at 50% growth I'd say a p/e of 20-25 was cheap. They could probably sustain a p/e of 40-45 giving a sp of 568p-639p. Counting against such a valuation would be their relatively brief time on the market, and the need to sustain such a high growth rate. So I'd say a p/e of 30 in the present year would be reasonable for now giving a price around 425p at present. So this should be due a bounce from here. We are due an update after the y/e at the end of May, so the various assumptions above would need to be reviewed then, either upwards or downwards.
No stock will continue to head north without some dips along the way. The rise in this share price has been very encouraging over the past 6 months and the numbers in the trading statements have been impressive. I think this has got further to go yet.
Went a bit wobbly after breaking through each of 200p and 300p, before resuming the climb. Will history repeat now we're at 400p?
Miton reduced from 13.07% to 12.89% (RNS 3-4-18) on 29-3-18. They appear to have been reducing slightly over a whole range of stocks, so no doubt a fairly normal housekeeping exercise. K3C appears to be going from strength to strength in a fairly torrid market. My kind of stock.
There will obviously be some, but when? This company continues to impress.