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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Big debts in relation to profits with interest rates increasing to significantly higher levels.
A lot of companies have made hey in the sunshine of volatility but this effect might be a short lived circumstance, it’s the debt level that is the concern
Rated as turnaround stock on Stockopedia https://www.stockopedia.com/share-prices/mc-bride-LON:MCB/
They have got good increases in prices and with raw material prices now falling they are set for bumper profits. S.P. must catch up with latest developments.Should double in next 3-4 months in my opinion.....
Multi bag?! Joking. Company has terrible ROCE
Great news today.Profits getting much bigger through price increases and increased volume. Lower Raw material costs yet to work through.I can see a multibag.
That was better news.
This stock has huge upside potential. Many of their products are stocked in the major supermarkets including Sainsbury's, Tesco, Morrison, ASDA and Lidl. Quite how it ever fell this low is unbelievable considering how many of their products are sold in the UK and in many other countries too. Almost guaranteed to multibag over the medium to long term from these prices.
Great trading update....Profits returning to normal gradually.....share price should follow......should multibag....
hopefully they have now got all of the bad news out of the way, and can start to look forward. Funding agreement is positive.
I assumed it was the RNSed finance extension rather than results. Smart lad might have bought back in this morning: I didn't.
The market clearly approves up 22% today
The brokers are expecting earnings per share of MINUS 12.25p per share.
For the next year (ending June 2023) they are now forecast to be MINUS 0.85 p per share.
Although that would be a big improvement it's still a loss, and when it comes to medium range forecasts brokers tend to be overly positive for their clients and revise downwards as time goes by. In fact they've already revised down from plus 1.4p per share a month ago.
(source: yahoo finance)
PZC results not too bad , hopefully we are not doing too bad either .We live in hope.
Nice to see is start to recover a bit.
Opposite with me, while it was above my average, a small slice.
Boought the dip this week. Looks like some good sized buys going through.
Looks like my bargain-basement buying phase is over, I'm only half-sorry to report.
When you can't diagnose fall reasons, it's tricky to explain the rise. Long may it continue.
The company is in the middle of two pressure points. One is the exposure to oil on the inputs, so increase leads to higher input costs which can be rapid and volatile. Then the second factor is the customer power, which makes it difficult to pass on those costs in a timely manner. Hence when the oil price went insane in h1 they struggled to pass the price on and had big losses. However on h2 they’d had said to suppliers you pay it or you go without because we can’t afford a loss.
They did well in Covid initially as they saw the oil price drop to historic lows which reduced the input prices.
This share is highly commodity linked.
Could be right Sammy, 9p looks realistic.
Don't be too baffled , it's pretty obvious
I've an entry point of 9p , which I'm guessing is fairly soon by all accounts
Morning milnrowmug, I haven't bought any MCB as yet, like you I'm a little baffled as to why this has fallen so much - like you say, rising inflation should have pushed more people to buying the cheap brands so MCB ought to be prospering - I've seen their products in many of the major retailers, oven pride for example is stocked in Wilko, Sainsbury's, Morrison, Asda and Tesco - the Surcare washing detergent range is stocked in Lidl and I would imagine they sell a fair bit across their stores. I can't see MCB going bust and shares in issue is just 174m - I notice results are due 29th September so that'll be interesting. I'll keep watching but this side of results, I'm not currently thinking of taking a position - it does look like it's on the floor so I have to admit it's tempting, but I can't see anything much happening until results anyway. Any sign of positivity and confidence in the results and this is going to bounce hard.
& if I could use a tablet you'd just get 1 copy.
Squid, how nice for you to post somewhere that toddj doesn't jump in to contradict you with wild rubbish. I expect Scotty has read through all the RNSs, I am apprehensive as to the meaning of the bank waivers. On the face of it, covid should have built higher demand for cleaning and bleaching products (wasn't Trump going to drink it - if only!), and the income/inflation squeeze should have sent consumers to our own-brand cheaper products. So why are we so far down? If I knew that, I probably wouldn't be reading this.
Squid, how nice for you to post somewhere that toddj doesn't jump in to contradict you with wild rubbish. I expect Scotty has read through all the RNSs, I am apprehensive as to the meaning of the bank waivers. On the face of it, covid should have built higher demand for cleaning and bleaching products (wasn't Trump going to drink it - if only!), and the income/inflation squeeze should have sent consumers to our own-brand cheaper products. So why are we so far down? If I knew that, I probably wouldn't be reading this.