Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Congratulations to the BOD on turning this ship around and to all long term holders! Nice trading update. A divi too! Huzzar!
Pity no numbers but glad to see what we wanted. A few nice things in a trading update too. Now time for the last big top up and wait till March.
Amen Bonum!
We've been patient thus far and through the tremulous times, as Mozart played in the background and the share price was dragged theough the pits of investing Hell.
Now the exorcism of the demons that haunted the Company, both individuals and contracts, seem to be well vehind us as we move into the Light of Redemption.
As anticipated, some quick frolicking with profit taking from those suddenly released from the chains of the aforementioned Hell and into a world of break even.
However, many of us will be consistent with a view to the much larger gains we can reasonably anticipate going forward - both from a capital gains perspective and a dividend stream revenue.
Few are the AIM companies that can offer dividends, hence would certainly expect a raft of new retail investors & Institutions to enter the investment going forward.
Looking for the bigger rises & returns to come.....and finally the Takeover that we've anticipated for some time.
Atb all & have a divine day
We'll see those who bought in waiting for the news taking profits, but I expect we'll see a steady increase over coming weeks based on those who see the value of divi and future sale.. should be positive over the next few months... famous last words.
No detailed mention of Adult block then, looks like steady ahead with a divi, we must now be in the box seat for consolidation given x amount of time. Huckster
All sounding good - only concern is - why no actual numbers? Of course we are ahead of 2018 we have a full year of ICM. Previous trading updates always included revenue, but not this one. So no gauge on that yet - but all else appears positive and what we wanted - and the dividend timetable was as predicted. Let’s hope we get to double figure share price by then. SB
Taproots putting his billy club away ;)
Hope both he & Sunday can make their way back from the Great Void soon.
Atb all
"With strong trading continuing through to the end of 2019, the Company has experienced a fundamental improvement in topline revenue, revenue mix and cash generation in the year.
Against this background we will announce a maiden DIVIDEND at the time of the FY 2019 Results, expected to be released in late March 2020!"
Hooefully attract a raft of new inward investment as well as assuage the requiremwnts of long term holders /supporters of the Company & Management.
Well done Toby - make it a good one ;)
Hopefully should appeal to some new traders
Value will out. "Progressive" is a cover all and depends where it starts as a divi. Stable, on track, growing, no debt, innovative, cash generative, worth more than 8.3p/sh.
sB,
Apologies , I hadn’t read it in detail , so that is the nett “ cash “ profits in essence ?
Excellent .
If they can keep the wheels on and show that profits sustainably and growth then imho a very juicy exit will come within that time frame !
A few quid pushed our way to give a return on the capital value of the holding of a few percent will beat the bank with capital value only increasing . Should be a nice ride ... let’s hope the first hurdle is cleared this week !
SJL and Hucks - sorry i might have confused on the issue of cash. The c.$20m i referred to was actually the $17m-$22m combined cash generations from the three years to Dec 19, Dec 20 and Dec 21 on which basis part of Toby and Michaels 13m options will vest in 2022 if achieved. Lets see what FY 2019 brings in - we know H1 was $2.2m and net earnings of $1.7m. I agree with the potential timeline you laid out SJL should a dividend be announced - and the realignment of the AGM would support any required approvals for a distribution. SB
SB and BY18,
Can’t recall the share option details exactly but I have a feeling the $20M target may be the annual cash revenue pulled in through the door not a cash balance . That said if they bringing $20MM cash in each year that’s roughly $10Mm each year free cash profit . My guess is that the business only needs to keep say $5 MM cash balance free and clear as I doubt they will do any more acquisitions before sale . We have to wait and see what adultblock and London payout leaves cash at right now for an immediate dividend / tender / buyback / whatever BUT ongoing they could safely pay out $5-6 MM a year whilst building cash ... would be nice to announce a $2-3MM dividend now ish with same again later in year . I would be satisfied with my 10% of that to assuage the pool cleaning bills and to keep the fleet serviced and fueled :-) . My best “ guess” is that they may state in update that cash is sufficient for a SH return but actually delay the official announcement until the results/AGM in March to allow them to get a bit more cash in ... I can probably struggle through until then :-)
SB, the SP is up and down like a fiddlers elbow on speed, doesn't mean the sp will get high! I really have no idea where all this going, the facts seem to say we should be on the up, this should be the best set of figures we have ever had, many will be seriously miffed if there is no proposed initial divi. Who know, one or two players may have had a quiet word with Toby and expressed of interest in MMX, they all will have a pretty good idea of what is coming. If Toby has anything about him he must realize this is the time to demonstrate the emergence of a serious player that knows how to be successful and flaunt it! we will see.....hopefully tomorrow atb to you SB
Hucks - not mentioning shareholder returns doesn't mean there is a buyout in the wings....anything official in that regard would have to be made public anyway. I just think it would be disingenuous of the board to introduce the subject and then fail to follow it up; although there has been a bit of previous in a similar vein. In the same way the issue of the buyback has just been allowed to drift - as investors we should expect clear communication from the company on its operations and business objectives which affect shareholder interests. SB
It is so quiet because Taproot is behind digital bars :). Otherwise it would be more lively
Morning SB .........Well yes, if the plan is to progress the business over the next few years with revenue of $20m plus there needs to be ongoing shareholder return, if there is no mention of shareholder return later this week, does this mean a buyout? We PI's have absolutely no voice at all, only SJL has in my view, if he was seriously ****ed off and spoke with the II's that might have some effect, we are strictly here for the ride in the hope there is a destination worth reaching, atb Huckster
Morning Hucks. I guess we were expecting the update today - so likely to be tomorrow or Thursday. I take your earlier point on retaining cash in the business; but if such a decision was made - then why make reference to introducing a progressive dividend or tender offer. It needs to be addressed. If we are a growing, profitable business with no debt, and aiming to generate c.$20m cash (as targeted in the director options) in the years 2019, 20 and 21 - what's the plan for that cash? And as much we like to think us PI's have a voice, the reality is our major II's will have a significant influence on company direction and a timeline on how to extract value - and a number have reasonable investments here which will be accountable to their investors. Hopefully 2020 is going to be a very interesting year. SB
Seems very quiet this morning,was expecting more noise somehow. Following on .... Toby must know there will be a blizzard of complaint/critisism if there is no divi or shareholder value at least proposed in the trading update, if such a proposal is not forthcoming my take is that it could well mean a buyout is en route, otherwise Toby will have done a great job in turning the company round and will simply get a kicking for his pains, why would he bring that on himself? just my thoughts. Huckster
https://domainnamewire.com/2020/01/24/namescon-budapest-2/
This could be an opportune time to launch our .Budapest string
Well, it did get past 20p Capt. S, but obviously has taken longer to achieve traction as well as the 'Mozart debacle' amongst other things.
With 'fresh eyes' looking at the current situation, certainly a much better prospect to invest.
Good to have you on board Capt.
Atb
I know it would be nice to have a divi, and it is likely there would be a knock on effect with new investors, I think would prefer to the company retain it's revenue for effect and see a sale, surprisingly at 18p or above, its been a long haul of many downs and further downs. If you invest in a good company selling a good product/service sooner or later that company will have its day and the investment works, but you need the patience to wait until the time arrives, I really don't want the pace of consolidation the run out of steam, so for me i would like to see MMX folded into an entity with millions of DUMS and move on....................Huckster
Let's hope Toby doesn't have his head in the sand (or indeed anywhere else), regarding those points about Dividens/Tender Silverblade.
Some strong buying today reflected in the sp going against all the market indices currently.
I believe we are headed for a very positive trading update.