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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I've noticed the price is lower. However where does it go from here? How much is in the price and how quick can they recover in the second half (if at all)?
It's now a guessing game until we get a trading update with the Interim results on Feb 23rd. The way back to profitability is to pass on the price rises to the retailers and in theory that shouldn't be hard to do. If the second half proves difficult too then the company is in for a full year loss.
I'm surprised how well this SP is holding up considering they are expecting a first half loss of £10m and an uncertain/unknown second half.
Half year results expected in Feb 2020. I wonder if we'll get a further trading update before then? Decided to exit a small position with the expectation of re entering later if things are shown to improve and are heading back to healthier financials.
With Sp dropping to levels of 2 years ago now might be an opportune time for a takeover. Production at Malaysia plant ramping up.Compass strategy was forecast to hit £1 billion revenue within a few years ? The Barrow site has just been acquired by BAE systems. Directors have awarded themselves options ,LTIP at no cost to themselves. No dividend.Further weakness may trigger interest from other parties . Patience may be required, ….watching with interest.Private label discounters may seek to secure supply of goods.
Looks like it's gone from not too good to seemingly awful and uncertain. £10m first half loss expected and not sure what the second half will bring though expected to be better at least. Not sure where this going at the moment though up isn't likely for some time.
I agree with you, this is a takeover target at this silly price. It is a great company and well respected , and no scandal , what is not to like. A fair price would be about 85p. Time will tell if we are right. I am investing more .
Figures out today, sounds like the expected production cost savings will be a buffer for the inflationary input costs. No dividend. Not sure I agree with the share buy backs as eventually the market will price the company according to earnings or expected earnings.
Perhaps it's a target for a takeover but who would it be suitable for?
So the recent TU suggests a fall of up to 65% in profit from an estimated 19.7m forecast. I make that a new 7m forecast, with a market cap of 134m that's a p/e of about 19 which seems fair value. If the price pressures are short lived and prices slow to fall we may yet see greater profit. Seems to me the share us slightly undervalued compared to its peers?
Company stated previously they were targeting future sales of £1billion within not to distant future (Compass strategy)and next year now estimates profits of less than £10 million. Perhaps those heavyweight institutional investors may back a takeover bid .
Well, another profits warning yesterday. They did say prior and will likely remind us again at the forthcoming results. Can't see much of a dividend here for ages now. Spending money on the SP buybacks. SP holding up somewhat. I thought it might revisit some lows after yesterday, so must be some bid vulnerability perhaps?
Buy Gold, Gold miners etc
Yes a tough time for 'individuals' as Inflation is government policy to erode the real value of government debt over time. That's why they introduced Quantitative easing.(Blatant Money Print diluting the currency) similar to heavily discounted placings.
MCB should be able to pass on the costs to the consumer eventually. These trading updates are very erratic (good/bad/good/bad etc) so the next one should be surprisingly good, like the one they gave before this one.
Rising raw material costs, rising input costs, = rising inflation. What can individuals do as a hedge against inflation - we are doomed. Very difficult times ahead for individuals - perhaps.
Noted that the SP is now back to the price when the chairmen recently topped up his holding.More patience may be required to breach £1.00.
Interims on Tuesday. Good luck!
Interims on Tuesday. Good luck!
Something is happening,in the past months over 1 million shares cancelled,profits up,right products,right time
Big trades not reflected in SP
Dip in SP due to ...a broker rerating....??
Anyone know more.
the sp is very pleasing,all the more so as MCB didn't buy back any shares
With no tariffs ,borders open and covid still a problem,can't see the demand for their products reducing.so 12000 just purchased
Strange who the SP went up and down so quick without much buying or selling. Think a bit of manipulation going on.
Share price has moved up nicely touching 84p today. I am expecting this to get some mention in the press sometime soon--but share price should be a lot higher in 6 months time as progress continues,
New ceo seems to be doing a very good job here.
With profits expected to be about£28 million for the year this is very undervalued at a market cap of £121 million
I am not surprised they have been undergoing a share buy in.
If he goes on improving the situation the share price could really rerate.
"Consequently, the Board's current outlook for the year ending 30 June 2021 is that profit before tax is expected to be at least 10% ahead of the current market consensus of £25.2m albeit the Board remains mindful of the continued economic uncertainty created by Brexit and COVID-19, together with expected increases in certain input costs in the second half."
excellent RNS, and finally some recognition!