Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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From the seller today and counting. Likely 3mill + which is around 1% so must be nearly out the door
Very popular.. Can't be many left before next leg up..
hopefully when I come out we might have bagged at least once by then.
is popular.
could get there on a buying surge I think in my opinion
Took a few..
from LCG. Been told results will be released before end of month. Expect to bag or 2 from 3p.
Another sea of buys this morning and not a single sell showing.. Should it be up more than 9%? Another delayed sell to show later on today?
on 1M trade yesterday: Theory 1: May have been a buy - It was easy to get a Sell Dummy Quote at around 2.77. Normally for such big Order for Sell the It would have gone straight into NT if Dummy Sell was tried. Tjheory 2: Could also be sell as MM was happy to take excessive stock as News on Results is due anytime now. Either way looking forward to LCG Results
1M delayed trade at 14:39.. buy or sell? A massive trade nonetheless.
Tiny FF and not moving up yet - bonkers
on the drop
It's astonishing how small the free float is here. If the results are positive then this could move rapidly.
MM hapy to take 500k off me so just need a little volume to get things moving.
should see big rise now up to results.
3% is just over 11m shares. Our seller has definitely been selling over 5m since March and maybe more before then - I can count around 7m largish sells since March, so should be very close to a tr1 by now... and if it isn't a TR1 holder then I reckon they will be cleared in the coming days + results coming next week now apparently! Looking at a strong turn around here
The podcast was a very good summary, and the points he makes is why I am waiting paitiently for the results.
Highest its been is around 8p + so yes looking around that price
If it is that, then we should easily see 6p+ here, maybe more...
Looking forward to Results. Can see Revenue doubled and hopefully slight Profit from 3m Loss.
https://audioboom.com/posts/5904728-772-anglo-pacific-group-apf-smudge-dan-on-mrs-lcg-wsg-and-connor-campbell-on-spg-bt-a from 16 mins in
Can easily see this tick up now on anticipation
Upsum courtesy of Asha I have looked at the Jun 16 interims so my comment are based on those. Being a financial services/tech type of firm their costs will be heavily people costs/marketing and tech costs for their systems to work. This is the reason for the heavy admin costs and I imagine given that they are focussing on improving their marketing and brand awareness that these costs are the same for the next 6 months H2. I do note that they are looking at improving costs and the benefits are to be seen in H2. Hopefully if there is some reduction there it will help with the turnaround story and aid with break even and maybe even profit! My point is that these costs are nothing to worry about and it is positive that they are aware of how high they are. Their gross profit margin is impressive at c80% and it sounds to me like they are very focussed on attracting and retaining the right type of clients rather than a churn of clients. I calculated that if revenues increase by 38% for H2 to £15.5m then assuming the similar Gross margin % at 80% (Gross profit of £12.1m) and assuming same admin costs as H1 of £12.3m, leads to a profit of £55k. So the company breakeven. This does not take into account any cost reductions or the fact that they seem to have invested heavily in H1 already. I would also say that judging by how their revenues increased compared to the PY 6 months despite Brexit concerns in H1 amongst their clients, that H2 16 would have mean more positive and will achieve more revenue growth. Their business is heavily correlated to markets and market sentiment imo. My view is that H2 went well so their business will have done well esp given marketing plan. So in summary there is a chance with increased revenues, reduced admin costs that we may see a profit… They said this on 6 July 16. “London Capital Group can confirm that despite the unprecedented volatility in the financial markets as a result of the EU referendum, the immediate impact of the UK's vote to leave the EU has been materially positive for the Company in terms of both revenues and profitability.” Balance sheet wise I think the company is in fairly good shape now that they have no CLNs and as at end Jun 16 they had £4m of their own cash plus monies due to them of £6m. Their payables were £6.6m. Their cash burn based on 6 m ended Jun is c£1m a month. Initially I was wary of cash being used up and if the company is still loss making then the cash would get eaten up but they have raised since June to repay the CLNs and then then a small amount £250k (for a tennis player who endorses them). I can’t say I am totally comfortable re cash but then I don’t have an up to date position. The placing in July to repay the CLNs raised some extra cash for the company too. On the plus side, they do not have debt to finance and they are growing revenues so I can only assume that they are coveri
Just 9% in FF. bullish update imminent.
little shares in free float now - could see a rapid climb up