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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Calisen results well received today.
Could give a boost to all meter installers....or cause a drop.
Hopefully SMS metrics look better
I agree, no nasty surprises.
Well funded for the future....somewhat surprised these are trading down today, esp given yesterday’s fall.....would think there may be a bounce coming.
Nice positive RNS this morning, company looks solid despite current covid situation and divs confirmed for next 4 quarterly's. Whats not to like?
Not my most exciting share but certainly one of my most reliable
Calisen is also off more than 3%
Can’t see anything specific, maybe a large seller will be known soon.
Thanks JATW. I think the trading status is kind of known given the announcements but reaction to it delayed. If things hit top of trading range I like to leave space in case they pull back but have my original position size, had only increased it so much as it was so weak for no clear reason to me. Still like it a lot
Likely there will be a trading statement soon...
The announcement with the CJRS comment indicated a good financial position....there has been good value realised in the back book and they should be restarting smets2 installations. With people working at home they will have a higher install rate and lower deferrals.
This business is about installed book, their financing and then level f maintenance spend (hopefully v low). Plus growing carbon management for business.
The green build back better agenda should be positive in the medium term.
Should be a survivor and then a winner.
Not sure why the rise but increased my reasonably large (for me) position around 30% as it got weaker and taken that slice off. Will leave the rest and add back if it falls.
they don't need the money and opens them up to criticism. Already their business model depends on gov't policy.
good to see a solid day, my largest position along with (random mix I know) Ormonde now that AAF is sold.
On the one hand this seems to be an honourable gesture, they suggest profitability is as expected and the cash position better than expected even after returning the grant.
On the other, they were presumably entitled to the grant. So why not keep it unless they have been investigated and told action will be taken unless it is returned.
Confused?
But atleast there appears to be a positive underlying trading position.
Fingers crossed yes, it's on a 4% yield here which isn't bad for growth and payments guaranteed by the gov't. Calisen has massive debt too unlike SMS. And massive director buying/ownership here.
Let’s see what RBC Capital Markets bring to the table.
They should be able to find new investors and promote the value of the company.
Calisen seems to have higher valuation metrics possibly not deserved....maybe RBC can encourage the market to revalue SMS upwards.
I have made my first investment here after watching the share for about 2 years. I like the purpose to improve energy efficiency and the company should be able to capitalise on new green economy measures. I also like that they can realise a capital value from installed assets. The market is raising the value of such assets as income generation falls elsewhere. Time for a re-rating and back to the growth of a few years ago
Nice to have a comparator on the market.......KKR have listed CLSN.....any views which is superior?
I sold ages ago at 470p. What a dog this share is now!
After my last negative statement, seems to be some stability. Opened a small position at 502p. If it does go down further, can triple this position in tranches.
Not liking the charts. Could be a huge drop to 450p coming. I'm on the sidelines here, until things pan out.
I did sell at 538p, looking for an opportunity to rebuy. 510p maybe?
Makes 530p next week a distinct possibility. Selling if we hit 540p+, as can see retrace back to 520p then.
So back in. Maybe 530p next week???
Too good to turn down. Rose to fast. Buying back in sub 500p, tomorrow I hope. Still believe 530p will be hit, although revised target of next week now.
John, I know that for every £1 million spent on meters, they will get a £100,000 payment from the government for 25 years. That's 250% gain and a sms will be a big divvy payer. They'll also provide support, and as you say branch out. I think we'll see the 800s again one day. Weekly chart looking good for a breakout too. Also a good defensive stock in these brexit times!
I see that Morgan Stanley now have just over 5% (increased from no disclosure required). So presumably they disagree with you also.
GS
It was a pretty straight forward comment if you dont understand it not sure how I can make it much simpler.
See your prediction fell through for 5.30
Also not sure where this goes mid term as 2/3 years roll out complete no new contracts only maint contract for breakdowns and many surplus engineers.
Short term as I said lots of bad press. Rattified or not the Hubs being used are very poor quality paticularly the 420 variant. Regulator involvemnt inevitable and will only leads to fines for the companies contracting out to sms and inturn potentially passing those cost on to SMS in some guise and worst case loss of contracts.
They need to start expanding quickly into the Electric vehicle charging market and retraining engineers as they look a bit like a one trick pony at the moment. Not a lot of opportunity for a smart metering company once the roll out is complete. If you really think the SP will grow in a company with little opportunity for growth then you are in for a lot of disappointment.
They have already said government deadlines are optimistic. Also their meter has been ratified by the energy companies. New contracts won regularly. Also its free to customers. So don't see your logic. Up from here, 530p but next week.
Wouldn't touch these for 6 12 months the way the smets2 roll out is going there will be big fines coming. Kit is dreadful will be lots of unhappy customers and bad publicity if its not sorted quickly IMO.
Bit of caution you may be able to get a lot more a lot cheaper. Good company though once these issues are resolved.