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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Need to see the end of striking rail workers and this could really fly.
They should do....chart on the verge of a huge breakout now....;-)
Group performance
The new financial year has started well with Group sales in the first quarter of £788m, up 21.2% on last year on a constant currency basis. Like-for-like sales growth of 14.3% reflected the further recovery of passenger numbers as well as the strength of our customer proposition and operational execution. Net contract gains of 6.9% were in line with expectations, as we mobilise our extensive secured pipeline, and include a contribution from acquisitions of 2.2%. Since the close of the first quarter, we have continued to see good trading momentum, notwithstanding the impact from industrial action which is expected to persist in both Continental Europe and the UK throughout the second quarter.
Will GLP close out?!
Looks on track for a cracking 2024, 300p plus soon....;-)
Ridiculously good results. SP should be 270p plus and perhaps £3 by the next set of results!
And goes ex div next Thurs, although I know for not a huge %age of SP
30 January 2024
Annual General Meeting and Q1 trading update
Background
Strengths
The earnings growth currently anticipated by analysts for the coming years is particularly strong.
The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
The company sustains low margins.
The group shows a rather high level of debt in proportion to its EBITDA.
In relation to the value of its tangible assets, the company's valuation appears relatively high.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
Look what has happened to Bodycote share price today when they announced share buy back. C'mon SSP, your turn
Maybe not, support at 220p, could bounce off that?
Looks like may be heading back to 200p first?
Nice dip today, a great area to reload again.
£3 at some point soon
ORR report out and they have shot themselves in the foot, complaining of prices being 10% higher than elsewhere. 14% of retail sales going in rent to rail network/stations. The average across UK is about 7%. So large % of higher price is being paid to network rail/stations in rent, not being taken by retailers as profit.
If they were to try to force prices down, rents would decline with even less for rail network/stations, and demand for higher subsidies to compensate, or higher rail ticket prices.
Typos corrected:
With the bull run that's currently forming, and is about to get them running legs going imminently, I think we'll observe how the closing of this short will help lift the SP (as this short, and other smaller ones not required to be reported are bound to be open too, has acted to hold SP down slightly up until now).
With the bull run that's currently forming, and with is about to get running legs going imminently, I think we'll observe how the closing of this short will help lift it (as this short, other smaller ones not required to be reported are bound to be open too, has held it down slightly up until now).
There are 796 m shares issued and just under 1 % are shorted. On any given day up to 5m shares trade, In June 7m traded in one day. If all the shorts were closed out over a couple of days I don't think you would even know.
Just spotted GLP made a miniscule reduction in their short position on 6th Dec... Surely the recent great results and the SP boost have got to be hurting their large wallet by now?! - This stock will rocket as their short position gets wound up!
SSPG have consolidated their position worldwide and diversified the risk at the same time. Airports are full of millions of captive punters with money to spend in the outlets.
Going back through £3 and £4 in due course. DYOR.
Well done team SSP. Seems like they are making progress.
You only need to look at the motorway service areas to see the power of brands in foodservice. It's not by chance that these have become almost exclusively branded operations now.
SSP have said for a while that they aim to become expert franchise operators, and were touting their expertise as such at a conference that I attended. Yes, the margins are lower, but the trust in the brands will compensate with higher revenues.
Results out tomorrow, and it'll be interesting to see if they're back above the £2.8bn they were approaching before the catastrophic lockdowns.
Yes, they do franchise various offerings including Starbucks and M & S, Burger King etc. The problem with this model is that you lose so much of the potential margin to the franchisor. They will acknowledge that the haven't been very good at building their own brands and products which is one of the reasons why margins are so low.
The thing with SSP is they don't have to sell top notch locally farmed organic, the customer is captive, waiting for a train or checked in for a flight. Prices are ridiculous for the product but if your hungry or thirsty what's the alternative.
don't they also franchise M&S stores
Completely share your frustrations Slipperman55 on the poor quality ingredients used and low quality products available at many travel hubs... Gloucester Farm Shop Services is the holy grail and the world would be far better place if every single travel hub were to have a food outlet just like it!
I'm not saying that their results wont be an improvement on previous ones. The SP might even increase, so good luck to you. My point is that everything they do, they do badly. Has been every thus. If you are a shareholder I hope they go to 375, but at some point you pay a price for being crap. They made £25m pre-tax last year on £2b turnover. Maybe they can double this, who knows. Not all their products are hopeless. How many baguettes has Upper Crust sold? Lots. I just hate the idea that they are OK being really crap at pretty much everything they do, charge crazy prices and offer, mostly, crap products.