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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Managed to get in at 25p. IMO the SP could double this year. Astonishingly good trading update!
Mcap gotta be more than 57m
WOW !!
08:32:37 26.00 500,000 130.00k O BUY
Hi Liquid any guess on what the Mcap is worth after this RNS?
Group order intake during FY22 was GBP223.7m. This represents a year-on-year increase of 31.6% on a reported basis and 35.6% at constant exchange rates. Excluding the recently announced GBP11.0m long term military contract, order intake for the period increased by 25.2% or 29.2% at constant exchange rates. The current order book of GBP84.1m is a record high for the Group (31 March 2021: GBP53.6m).
Successful implementation of price increases running ahead of raw material and energy cost increases proves that I was completely wrong. Not often I am so pleased to be wrong...
“As a result of the stronger sales, benefits of cost reduction and efficiency programmes, and the successful implementation of price increases running ahead of raw material and energy cost increases, the Board is now expecting underlying trading profit for FY22 to be materially ahead of the previous upwardly revised expectations.”
dino the reason nobody was trying to answer your question is because none of us knows and that includes you, but one thing i do know is that if putin has wrecked this company with the energy prices it will not be the only one in fact half of europe's manufacturers will be wrecked as well.
we will know soon enough.
Well Dino you could be right, although looking at the RNO operations map on their website there appears to be very little activity in Putinistan. Europe, India, Indonesia, South America and USA all feature heavily: maybe a raw material supply issue but let's wait and see , eh? Good luck with your investments and hope you cheer up despite these gloomy times, the Ukraine tragedy certainly gives a new perspective on everything. ATB
No one daring to answer ? Its true, RNO screwed by Putin. Now loss making or on verge of extinction IMO.
Energy price hikes - anyone any idea how RNO affected ? Worst case is forecasts shredded ...
if you look back to rns may last year the results were delayed due to auditors request for more time to complete results due to covid as were many other companies results.
steve Got the date of 15th July 22 for annual results (II broker webpage). Last year they came on 16th July.
Look forward to the trading update before then though, believing it will be good.
don't know where you get july from year end is 31 march so expect trading update mid april and full results around end of may.
Looks the sell off is done and the buys signalling a reversal. Full year results are not due until July, though I can't see the market not waking up here again as we get nearer. The forecast earnings (if met and hopefully exceeded) should earn us and justify a higher SP IMO. Added this morning though the SP is some way off my original buys at around 33p.
EPS 3.4 rising to 3.8 next year and 4.1 year after. PEG currently 0.1. IMO looking very good for next 2 years.
The shares have pulled back from the recent run up in price to the Interim's and we can be quite certain the Full Yr is going to be good.
Just wondering if now is the time to buy back a few, though still holding a chunk.
EPS of around 3.4p expected. When there is no news prices tend to drift.
Sorry wrong thread. Nothing to do with Renold (RNO). Doesn't seem to be any facility to edit on this website?
This is what my broker 'J' says.
"Good afternoon
If you wish to accept the cash offer we can accommodate this, we would require your instruction to accept the cash offer prior to our deadline of 11th February 2022.
If you wish to accept the unlisted share offer, you will need to withdraw your holdings and apply directly with the company as we cannot offer this option."
Kind regards"
I understand this to mean that they will get the cash for us via the registrar? and no mention of everyone having to club together in a block?
Does anyone know what is meant by the 'unlisted share offer'? cheers NR
I think it's just the usual profit taking after a good run and strong buying from the company pension trustee. Once red sets in, it usually starts a trend but at some point it should turn blue again ahead of full year results or a trading update in between.
I sold a few on the results but still hold some and will hopefully but some back lower, if I'm lucky enough and don't get caught out. Still has a pension deficit, but at least profitability is going the right way.
Could be due to lack of divi in the recent announcement?
On the back of the financial results the price action here should be heading towards 40p,all I have seen if the stock fall in price since the financial results. Why would investors sell on such positive results and knowing this stock should be 50p+. So that leaves a couple of things, manipulation from MM'S or maybe insider selling, which I don't see.
Anyone have any idea on the price action, cause all I see is mm corruption
Now forecasting 42 up from 32. Bit more like it.
what a great set of results have been waiting 3 years for this company to come good although i never had any doubt that it would happen and will continue to rise over next couple of years.
daft thing is this stock is still very much under the radar but not for long i feel.
enjoy the ride anyone taking profits now are insane imho.
I see value here and atleast a 50% uplift in prices if not more