Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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for me
Jmb here?! Maybe worth a look at the levels
they need new contracts sharpish..or take the axe to costs..their op leverage is horrid high (drop in revs straight to frightening crash in ebitda)
outlook
er..."selling" pressure
slowly
this morning...code 9 (or six if u look at it another way)
suspended? why say that?..I can sell in dcent amounts at close to 31.5p ...with downing selling perhaps investors are sensing that the overhang is about to clear
Hello. Anyone know what is going on here? Trading appears to be suspended today, but no announcement. The share price had a sharp peak upwards too? Does anyone know if news is afoot?
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cheap as chips...imv
.
with cash paid
Rhaegar & all
don't know about costs... ...here the payment on 31st Dec looks v tight and there is little visibility on B2B's true profit level (this surge in Sept is a little off-putting..wonder who the customer was? unconnected to the seller of B2B I presume...just how variable is this business?? ) ...crooked tie is worst of all world...get it off
Do you have an idea of the approximate costs pa of AIM listing, incl. NOMAD fees etc? I've seen a few touted around on the bbs, but seem to recall seeing it mentioned in RNS announcements occasionally when companys delist. Whilst (imminent) call for further working capital justifies listing...can't help but feel that when cash balance is greater this scale of business may be better run privately. Looking at the reports, how much can those businesses really expand? Seems dependant on key personnel in small localised markets. I've also noted that Mr King's tie isn't straight on his linkedin photo, which is obviously a question for the next AGM lol.
yep cashflow tight "Cash Flow The bank balance stood at £138,398 as at 30 September 2104 (the date of the interim accounting period) and £156,830 at the close of business on the last trading day prior to this announcement. Cash demands over the coming weeks are considerable. Large amounts are tied up in outstanding invoices associated with B to B Links Limited's exceptional invoicing achievements in September 2014, much of which is on agreed 90 day payment terms. Trade and other receivables across the Group were £2.922m at 30 September compared with £1.935m at 31 March 2014. Of the £458,243 final payment due in connection with the acquisition of B 2 B Links Limited, a sum of £120,000 was advanced to the vendors in July 2014. In exchange for part-payment earlier than it fell due, the vendors agreed to defer the bulk of the remaining payment until 31 December 2014. By that time it is anticipated that sufficient cash will have been generated from settlement of invoices we issued in September to cover this liability. Our banking arrangements with HSBC include the ability to put in place an overdraft facility of £100k upon 48 hours' notice, although as at today's date that facility is not being called upon"
We expect this cycle to be maintained in respect of the majority of our subsidiaries, but not for the Group as a whole.
Nice results on the whole...but pressing concern regarding cash position? Large increase in receivables, 90 day payment terms and cash instalments for acquisition...plus requirements for ongoing working capital (and any further growth). Overdraft is tiny. Some prospect of a placing? Good ii support last time, so probably won't be at much of a discount if required. I really like the underlying business, but in some respects it all seems a little sub-scale for a publically listed company?
which stimulates a few sells...the mms understand this well (or at least the dma works well) ...30p seems hard to shake off as rough mid price...until profits growth clearer perhaps
but can we get the bid up
large sell being filled?
If you want to build a holding,perhaps do as I did.Watch the trading and offer to buy 1p above the last sale.It worked for me and enabled me to achieve my required holding over time.
looks like it might be the issue here. Having dug down a little deeper there's only 12.7m shares in circulation and, as of 9th July 2014, 65.5% of them were held by the BOD or by IIs. Therefore there's only 4,378,000 shares available to PIs in total. So yeah it's pretty illiquid.
PE ratio of 7.2 This suggests something's wrong with the finances or the profits are very volatile. Neither is true. The balance sheet is good and profits have grown year on year since 2011. It can also suggest the outlook is poor and yet it isn't. The BOD sound bullish. Therefore the PE is not suspiciously low - it's attractively low. Secondly the EV/EBIT is 7.3 - again this is absolutely superb! Thirdly the TNW is 47% which is above average Finally the yield is an astonishingly good 4.9%. Conclusion This is very very cheap. I love the value. But the lack of price movement concerns me, and it's annoying I miss the yield this year.