Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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More large buys at full ask.
today. Move upwards with results next week would be nice.
N+1 Singer - "In our view, the current valuation fails to reflect this positive outlook, good revenue visibility and reducing earnings risk. We initiate coverage with a Buy and 16p target price."
The tie up announced this morning with Smart Communications aka Smart DX is a significant game changer here and one that will push share price estimate to 40p and beyond in due course.
From Simon Thompson at the Investors Chronicle. I would urge you sign up to read the full article and others when they are released hot of the press. "I also feel that investors are losing sight of the fact that “the board is encouraged by the pipeline of new business being pursued by the company through its direct sales force and channel partners”, and the backdrop remains favorable given the need for financial services clients to make cost savings while fully complying with existing and a raft of new legislation. Lombard is hardly being overvalued, either, as its current enterprise value of £35.2m equates to just 0.9 times forecast annual sales, a 75 per cent discount to the sector average. Admittedly, Equity Development has “prudently” reined back its target price to 20p, bringing it back in line with mine. However, this is still almost double the current share price and I would certainly use the current weakness as a buying opportunity."
The brokers and ST have conservative price targets of 20p here.
Simon Thompson reiterates buy, says market overreacted and suggests share price could double.
beware
Was there something negative from AGM to spark share plumet?
Must have been a bad one resulting in shares plummeting?
Wednesday. Hoping for positive trading statement with it.
Probably just correcting the hype of the IC tip. Or perhaps co will be negatively hit by shrinking finance sector and UC economy that Brexit is causing?
What is all this about? Sudden powerful drop with no news.
So much for that idea..!
Online article should be in print edition tomorrow, hopefully giving a boost Friday and Monday...and beyond..!
He's got a 20p target. Strong upside from the current price.
ST just re-iterated his buy stance in latest column. I won't share too much as it's paid, but here is an exerpt: 'The point being that with a relatively fixed cost base, a high percentage of incremental sales will fall straight down to the bottom line from this point onwards. This explains why Mr Hill expects underlying cash profits (pre R&D) to surge from £6.3m to £10.5m in the 2018-19 financial year, based on revenues rising from £40m to £46.5m. If anything those estimates could prove conservative given that retention rates are running at 90 per cent-plus, and the company is looking to boost sales from third-party channels from around 5-10 per cent of the mix to around 25 per cent.'
Fall back expected. Chance to exit last week towards what was triple top going back to 2005.
said lol
Oh no, not another tip from one of the most successful smallcap stockpickers in the country, whose collective tips make huge gains every single year! Heaven help us! (-;
not another ST tip
Now 18.8p, up from 16.5p.
Now 18.8p, up from 16.5p.
This is not unusual for an AIM growth play. Awaiting Simon Thompson's advice as he follows this share, but the usual rules about not over-reading figures for a growth company apply. The software is gaining popularity.
hi..a little pricey since still fcf negative and tangible net worth close to zero?