Firering Strategic Minerals: From explorer to producer. Watch the video here.
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A year ago a poster was lambasted and threatened with defamatory consequences for mentioning 10% margins.
Ironic that 20 odd million of revenue equates to around £2m of net profit - coincidence??
All I can say is it’s a strange world we live in when a company is profitable, announces another contract in the millions, and the shares are worth LESS than before all this was known.
Time to stick on the tin hat and wait for the collective market madness to subside. Will come good soon enough.
Good luck all
Doesn’t make any sense!!!! Better of investing in a new company with no products, no profit and no hope. It’ll be worth $billions. Well at some point the penny will drop here and the train will already have left the station with us LTH’s on board! Gla
Key part is the forward view though imv…revenues in H1 are based on contracts won last year…we know they take c 6 months to start and 2 months to run…while some revenue could be recognised during recruitment, you would expect most to be during the challenge study, so back end loaded.
Given contracts are of increasing value - recent ones 100% higher, but today’s c 50% higher.
Let’s take a conservative ave 60% higher…so your £20mn becomes £32mn, your profit jumps from £2mn to £14mn, taking EBITDA % from 10% to >40%…just for doing the same thing…
The
markets have not been good for 4 to 5 months patience required moniman , as you know value will come to those who wait
Agree with Mijaed, the markets have been weird for months and it's just sheer panic across the board today, completely illogical when you look at the overall picture - this is a defensive stock ffs! The canny will load up, knowing it's a temporary blip. Just wish I'd delayed my top up for a few hours now.
Fortunately I am patient, otherwise CF may have another large holder dumping stock. I’ll wait for the market to wake up as I believe the journey is only just starting, it will only take some news on DIM or Imutex to light a fire under the SP.
Market is illogical when the pillocks who make a market just feck around on a whim. Looks at that 11% drop on opening.
The world is nigh again for the 8th time in 18 months.
Justification for the SP drop is that analysts were expecting more, but if they were expecting more than this great set of results then the SP should not have been so low in the first place! Looks undervalued now, with management vindicated and prospects transparently positive.
The new conservative guidance should help restore confidence and momentum in the SP, but CF is surely biting his tongue - underselling must feel so negative ( :