Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Well done Clive Whiley!!!
Great result today, I will be buying more.
clever accounting IMOO.....may not sustain
You could well be correct.
Rented office now, more staff being made redundant. Doesn’t smell nice.
Suprised it didnt open higher .I was thinking 12-13p
Give it time, the Dow Jones was a nightmare last night.
These were great results, and raise the increasing prospect of private equity bids. The company is now moving swiftly into profit, is heavily streamlined and is opening up new agency deals. It has of course, primarily, a great name, well understood by its fanbase. That must make it attractive to buyers after the current market wobbles.
Buying around 10p looks like bargain basement to me.
SP is always weird with Mtc . Expecting big holders to top up being as they did at nearly double price .
nice 45k director buy as well .
Company moves back into profit, streamlines the business, and Chairman buys a load of shares.
And still the shares don't properly react???
Am I missing something here?
I seem to remember last year it was like a delayed reaction .
Stories in the press about running out of cash.
Not immediately obvious from the results, but way down is this section.
The Sensitised scenario assumes the following additional key assumption:
· A delayed recovery that assumes that retail sales remain subdued throughout the majority of the forecast period as a result of consumer confidence returning more slowly post COVID-19, coupled with the potential impact on customers' disposable income due to the current heightened global economic uncertainty.
The Board's confidence in the Group's Base Case forecast, which indicates the Group will operate within the terms of its revised borrowing facilities, which now includes more appropriate covenants following the cessation of the Russian operation and the Group's proven cash management capability, supports our preparation of the financial statements on a going concern basis.
However, if trading conditions were to deteriorate beyond the level of risks applied in the Sensitised forecast, or the Group was unable to mitigate the material uncertainties assumed in the Base Case Forecast and the Group were not able to execute further cost or cash management programmes, the Group would at certain points of the working capital cycle have insufficient cash. If this scenario were to crystallise the Group would need to renegotiate with its lender in order to secure waivers to potential covenant breaches and consequential cash remedies or secure additional funding. Therefore, we have concluded that, in this situation, there is a material uncertainty that casts significant doubt that the Group will be able to operate as a going concern without such waivers or new financing facilities.
jlovie, are you having a laugh?
The latest results were well above the market's expectations! The current share price is so bombed out that it is a bargain at these prices based upon its expected profits and changing profile.
Am expecting the price to firm much further over the next few weeks. Plus, they might announce some further tie-ups...
Definitely on the buy list.
I'm just showing what was reported in the press. e.g.
https://www.thisismoney.co.uk/money/markets/article-11222055/Mothercare-warns-run-cash-customers-tighten-purse-strings.html
The bulk of the post was copied directly from the results.
They will definitely run out of cash, no new markets, no new sales initiatives, weak leadership that have been there far to long. Compare with say Mamas and Papas who have announced a new M&S partnership.
This is certainly bombed out now and those looked like decent results.