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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I am primed to find out what is and what has been going on so hopefully get some direction and answers which make sense.
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-201021
don
Im not. I want my investments to produce results in at least the medium term. LeCoque is a bull****ter - look at the chart since the placing - the testing story is over. It would not surprise me if he blows the cash but as always - the choice is yours - you make your own decisions. I smelt a rat early on and sold most as you know. You decided to keep them all - it was your choice. I will miss your knowledgeable and incisive analysis !!!! But good luck all the same
The SP is still not shifting North.
Why oh why are you still here sprouting yer pish?
Hopefully not LeCoque by name & nature !
Maybe. But if all the testing that has gone on during the pandemic and this is how the share price has ended up I cant really see it making a difference. As Ive said at the start without the testing this was overvalued . The testing has earned some cash - we all knew it would. But where is the business (its core business - we can largely ignore testing ) going? The management have said nowt apart from some vague notions about purchases. Thats the problem imo. Its all smoke and mirrors and ifs, buts and maybes. For my money the testing is and always was small beer. LeCoque has no plan or if he has hes keeping it close to his windy chest. 28th is do or die for my money and a plan is needed to be seen or this is sub 100 for quite some time IMO
The ending of the travel ban to the US could result in increased testing for SBI as a negative test is required within 3 days of travel & I suspect there will be a substantial number of Brits heading to the US this Autumn/Winter
The reaction today feels like an overreaction to me.
Based on this mornings RNS tests in July 210,000 approx August 300,000 approx September to date
19 days x 14,000 266,000 approx total so far this quarter 776,000 approx, well above the 600,000 odd in first 6 months to June 30th noted in half year results.
Should continue to end of October then things get tougher but with more people traveling
might be better than expected although might not .
The company is adapting to the new regulations so will have to wait & see how much can be made
after end of October under the new rules .
On the plus side should be a big cash pile that will need to be well invested based on the cash generated in the first half.
Swiss banks act as custodian for their clients and so any individual owning shares via accounts at Lombard will be shown as a Lombard Holding, when the reality is they are just the custodian.
As all of the stocks linked to CIP have large investment from Lombard Odier, we can assume that the BOs of CIP bank at Lombard, and hold their stocks in this way. I am 100% certain that Lombard itself is not investing in these stocks within their managed funds.
IMO if the update on the 28th isnt pretty stellar then this is dead in the water - if it isnt already. They need to have the cash and a plan of what to do with it and they need to show progress in the rest of the divisions. Im glad I sold the majority many months ago (at a loss but not as bad as it could have been). I had not much confidence in management then especially Jay LeCoque who seemed to me to be an American corporate evangelist windbag type. I have less now. If as a test provider you cant make hay in a pandemic then there cant be much hope and they seem to have forgotten that there is another side to the business. They could be forced to remember that quite soon but at least for this investor its too late. All confidence in 'the company' has been lost. The chart from listing , through a pandemic to today tells its own tale.
Oh and Donmac - before you call me pessimistic again (although I am here) outline your reasons for optimism - without just mentioning the cash - investing isnt about today its about tomorrow imo and Ive been at it over 30 yrs - though obviously not always successfully !!
Not sure why there has been such an over-reaction to the travel situation. If you read the RNS you will see that all in under control.
With strong travel numbers being reported now & expected to continue throughout the winter,
should bode well for presentation/update on the 28th Sep….
Huge potential….
People starting to wake up to the value here?
Up to 22.14%
Obviously have faith in this share
Good results.Sbi never became a private punter's favourite though unlike the original covid shares : odx, avct, ncyt.
Not a single share purchased on Tuesday after Mondays news. Incredible. All sales.
I think the assumption that vaccinations will be the end all of all pcr testing was very wrong.
Given the variants and how cagey other countries are, pcr testing for travel, in particular, will remain huge and there will be a drop thru into earnings for yrs to come.
Altho out of Sbi - glad to see it being recognised despite it's recent negative PI sentiment.
Excellent coverage as ever by the Private Punter:
Https://martinflitton1.wixsite.com/privatepunter/post/sbi-on-track-27-07-21
Good to see Liberum retaining their forecasts, i.e expecting 60.4p EPS this year, with a year end cash pile of over £51m against the £122m m/cap.
Today's H1 trading statement was excellent.
Against a £122m m/cap, SBI now have £17m net cash (rising fast as above) and achieved £11.2m adjusted EBITDA in just the first 6 months.....
SBI have confirmed they're trading nicely in line. The non-Covid businesses are now all trading normally, and COVID testing is booming - 9,000 tests are now being carried out every day, expected to grow to 20,000 and possibly more.
And "with significant growth anticipated in second half" SBI are suitably bullish going forward.
Extremely undervalued now?
I did MrBB, and I'm hoping this news fetches renewed hope in the stock I had a few months ago. It's been a dreadful downward trend. News is not very forthcoming, even these boards are very quiet. Hopefully some good sentiment starts and the trend heads North.
Excellent update & I considered buying shortly after IP at over 200p so glad to invest today at around 163p
Daily Covid Tests in July more than doubled to 9000 from less than 4000 in June,
that’s big bucks on top of the companies other testing facilities which are performing strongly.
No debt / building large cash balances / expected very strong second half of year…..
The only puzzling part is the share price ……..