Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Tipped by Times, tipped by MBr, what more does anyone need to know.
Cash cow bid target.
Tipped in the Times
TUI shares currently re rating...expect the same with SSPG....;-)
Volume picked up after the close on Friday....let's see if we see a bounce in SP this week, with the travel season in full swing now the next update could be the catalyst for big SP move North...gl all
Also looking at the chart for SSPG it looks like it's been brought down to this level to test long term support going back a few years from 2020 ish. Maybe its filling in recent gaps when it's gone straight through this SP level both on the way up and down...just a thought...I'm no TA expert...
Possible weakness has been a low level of shorting by GLG partners, just over 1% currently and falling over the last month or 2. Will be under 1% soon. Lagging the market bounce but as this is in the FTSE250 (playing FTSE100 catchup) expect a correction to that soon...in the meantime pick up cheap shares...gl
Thanks Mary, happy to hold and add when funds allow but unsure why the SP has been weak, maybe an overhang being cleared?
Dave t h
At the levels, I add too, seems the polite thing to do. Surprised it has not broken out of its trading range and maybe my rose tinted spectacles need new lenses.
Seems capped at 240, but with the return of the dividend already - it will not be long until the Interims on 31st May. Cannot see it being anything other than strong. Half year ends on 31.03.24. Let's see how it tracks.
Consensus below
https://www.foodtravelexperts.com/investors/analyst-and-consensus-coverage/
FY 2023 v 2022 as Reported
Revenue £3,010m £2,185m 37.7% 37.9%
EBITDA2 £280m £142m 97.3% 103.5%
Operating profit £164m £30m 440.3% 495.2%
Operating profit margin 5.4% 1.4% +400bp +440bp
Earnings/(loss) per share 7.1p (4.5)p +11.6p
Dividend per share 2.5p - +2.5p
Free cash flow4 £(125)m £52m £(177)m
Net debt5 £(392)m £(297)m £(95)m
Statutory
Operating profit £167m £92m +82.3%
Profit before tax £88m £25m +249.6%
Earnings/(loss) per share 1.0p (1.3)p +2.3p
Net debt5 £(1,421)m
Analyst consensus estimates
FY24 FY25 FY26 Number of estimates 14 14 14
Group Revenue (£bn) Consensus 3.4 3.7 3.9 [ High 3.5 3.8 4.0 Low 3.4 3.6 3.8]
EBITDA (pre-IFRS 16)* (£m) Consensus 359 408 447 [ High 368 435 474 Low 345 391 430]
Underlying EPS (pre-IFRS 16) (p) Consensus 11.5 14.4 16.4 [ High 12.9 18.4 22.7 Low 10.7 13.0 14.7]
Continuing to add at these levels, 300p price target in 2024....gl holders...
” Look at EBITA. They generate but costs are out of control. Using Companies House UK leadership I see a lot of guys needing to step down - too old and not 'tech savvy'. Taking on M&S in Train Stations. I know from my local M&S there is a huge stock loss issue.”
🚀
Lol, think your going to be surprised come results!!
From reading previous RNS’s I thought they were doing alright and quite frankly going great guns but hey. What do I know !!
Look at EBITA. They generate but costs are out of control. Using Companies House UK leadership I see a lot of guys needing to step down - too old and not 'tech savvy'. Taking on M&S in Train Stations. I know from my local M&S there is a huge stock loss issue.
Sinking Ship.
They operate a outdated Franchise Model.
They have poor IT and Infrastructure. Weak leadership. Most of the big players in fast food industry are dropping them.
Cash cow, ripe for a bid.
So many UK companies look vulnerable.
Hold4Gold
Looking like a plan
Me too, been adding from 215p up this week, looks a great opportunity, think we will see 300p this year..;-)
No discernable reason as the company is turning around and airports are packed. Using it as a welcome opportunity to top up as I had reduced in May over 270p and had few left.
May take a budget hit tomorrow and if so adding.
IAG price has been struggling but its not completely comparable as they have a very different operating model. The key KPI would be passenger numbers/volume, which Ryan and Wizz Air reported today as strongly positive in February.
Airline shares down?
Does anyone understand the reason for the poor performance compared to the market over the past few week, and again today? It seems very odd but I'm not sure I have have missed some news. Its a 7.5%+ drop in under 2 weeks.
Certainly building a head of steam.....she's gonna blow soon....;-)
Already bottomed at a higher st low and moving up towards 240.
Screaming £3+ all day long for this cash cow.
Some day folks will realise that and be chasing it up.
HTH - for the Gold.
Surely time to load up here at 225p is it, will look very cheap by year end imo..
Seems there are still shorters around, can't believe the SP is falling...??