Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shore Capital analyst Greg Johnson pointed out that the value represents an EV-to-EBITDA ratio of 8.6x on current-year estimates, falling to just 7x next year.
"We do not believe it reflects the quality of the estate (especially having recently exited the challenged leisure business), the freehold asset backing (c£160m) and the progress it was making across its strategic objectives on margin accretion (250-350bps) and deleveraging (under 1.5x EBITDA)," Johnson said.
If the company was to hit its targets, it would improve EBITDA to around £130m within three years, up from £83m last year. This would mean the EV would rise to around 100-120p per share, based on an EV-to-EBITDA multiple of 7-8x.
"Importantly, improving profitability would be expected to lead to a significant step-up in cash generative capabilities underpinning rating expansion."
Johnson said that 80p a share would be "a starting point more consistent with the longer-term opportunity".
I wonder what Oasis will do now as their prize is getting taken away, will the counter or take money and go!
Oasis have accepted the offer so I am out
Depressingly cheap. Back in profit for me, but only just. Looks to me like a BOD with little confidence for the future, who have bottled it. Shame.
Another Article!
Proactive Investors - Wagamama-owner The Restaurant Group PLC (LON:RTN) could be poised to receive another bid after the takeover offer of 65p per share from Apollo Funds, was deemed too low by some analysts and investors.
However, Liberum analysts said “it could be argued that a c30% premium is low in this market, we expect it to be successful due to the cash structure, activist shareholder support, helped by recently market turmoil”.
The broker did seem to be confident that the 65p per share offer is not the final chapter in the saga, instead targeting a 75p share price for the stock