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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Excellent trading update for HSS investors came out on 25th........
Tosca have added 1.5mil more to their holding:{-))
Hire Station Hire Station delivered an outstanding performance with profits up 27% to £6.1 million (2014: £4.8 million) on revenues up 9% to £39.2 million (2014: £36.1 million). All three elements of the business; Tools, ESS Safeforce and MEP, contributed to this excellent result. Our long term focus on the quality and availability of rental assets continues to yield benefits in terms of both customer recruitment and satisfaction and also business profitability. Executing the basics to a high standard remains the focus for the business. Growth opportunities exist for all three elements of Hire Station and we anticipate the division making further tangible progress in the second half
Good morning all{:-))
Good morning all{:-))
I'm going to hold for now but this was a gamble,although will bale out if gets any closer to my 30p Going to take a long time to build market confidence. People are going in early morning and dumping shares " market cap up and down each day. Let's wait and see ....
Good morning all{:-))
Good morning all{:-))
It's okay, i'm back in now with a very small amount
You missed your chance to deramp this stock
going down!
Market cap going up slowly should see my 40p before Friday" if this contuines
Great day steady rise is nice {:-))
Good morning all {:-))
Nice steady rise :)
Good morning all {:-))
Standard life's having a punt answer to large shares
Good morning all. Well Mickyinholland for once re your post 21.58 last night i have to agree with you spot on{:-))
Think they have flipped shares over, with one company and bought back. Saying this market cap went from 163 million to 170,million. Think somebody needed a lost and restocked. Anyway lots people will be wondering if this shares worth the wait !! Only problem will they start to recover or will management / directors hinder the process. The want to start knocking on doors with a big sorry first to the SME companies That's who got them there in first place not the big boys !! My view anyway !! I'll be out if touch 40 pence although gambling !!!
Surely those two trades are some sort of movement from a to b for the same person...only 9 shares difference and the same value
The person or persons who sold the 5.3 mil maybe kicking them self.{:-))
Two more sales of over 5,300,000 shares each? One of the big boys has had enough & pulled out - what have they seen or what do they know that we don't? So much for riding it out & waiting for the 'turnaround'. Awaiting the RNS with baited breath to find out who it is.
This is as Mickyinholland states "a recovery stock" .The question is how long is it going to take and is it going to happen after Speedy became a victim of its late over ambitious plans.The fundamentals do not make encouraging reading ,Its debt ratios are high and its return on capital employed is very low these figures make it difficult for the company to compete in a very competitive market place .The notion that knowing the problem is halfway to fixing it is not true as the fixing it part is 90% of the solution and that is where the issue of time comes in. At the present time there is over capacity in the Plant industry and those who stuck to what they did best are reaping the benefits ,Speedy is chasing its own tail at the moment in an effort to identify what to focus on and this can lead to a total meltdown of the management structures as moral and confidence dissapate. The idea that tearing out tiers of management and going back to basics will solve the problem is fanciful .If you were able to import a new middle east immigrant manager who knows nothing of the UK plant industry to every depot and train them in the fundamentals of what Speedy should be doing there is a good chance in two years there would be a significant improvement.The trouble is most of the management have years of service and have been through a lot of turmoil in the last three years and there lies the problem can these people be reprogrammed to behave like pioneers and trailblazers. I have my doubts and as the Plant industry is a people oriented game you need the right calibre of people to succeed and I believe Speedy have lost theirs.
Morning all{:-))
A turnaround proposition The story at Speedy Hire is quite different; the shares collapsed because profits collapsed. Today's 31p share price remains around 61% below the highs achieved at the beginning of the year. Speedy Hire is a cyclical firm and business ebbs and flows according to the fortunes of the industries the firm serves. I would expect trading to be robust in this mature stage of the current macro-economic cycle, so the company's problems seem to be internal. As such, Speedy Hire today is a turnaround proposition more than anything else, I would argue. In today's report, the chief executive identifies several reasons for the firm's profit dive and revenue decline: a lack of focus on small and medium enterprise (SME) customers; poor execution of a number of business improvement programmes, including the implementation of a new IT and management information system, resulting in the unavailability of key products in many depots; and a lack of ownership, empowerment and accountability within the business. Back to basics In other words, Speedy Hire was getting the basics of its business wrong. That suggests that the firm can do much, relatively quickly, to put its house in order. After all, identifying the problems is half way to fixing them. Naturally, the directors have a plan, and I would be surprised if its execution does not result in share price uplift from here. Indeed, the shares are up almost 9% on the day as I write.