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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Reading the small print:- This disclosable event is as a result of the acquisition of Hargreave Hale Limited by Canaccord Genuity Group Inc., through its wholly-owned subsidiary Canaccord Genuity Wealth Group Holdings (Jersey) Limited. Hence no reduction in the Hargreave Hale holding or in Mr Allsop's .
Rns...excellent contract.
Major stake announced today; seemingly either Hargreave Hale have sold or, more interestingly, Mr Allsop has cut his stake by over 50%.
:)))
and wonderful it is. :)
Just keeps going!!!
After yesterdays nice rise and unusually large trades....perfect.
Well the best view is that the re-structuring is now completed. Otherwise really nothing else to write home about. From here on in, the only likely significant influence on the sp will likely be the winning of further new contracts. On that front, the interim report had nothing to say.
Bought in here for the ride. This and Con is a no brainier. Both gonna explode from current levels. Great RNS over at CON this morning. TCN should have some buying momentum let's see so far so good. Gla imo
I have not seen a copy of Westinghouse's note, but on this very site, I have seen their recommendation for 35p re-iterated after the latest results (dated 3/12). Surprised to see sharp price rise over last two days for no obvious reason other than very thin market.
Have you seen a copy of the broker note from Westlinghouse? It seems impossible to derive a valuation of 35p from being barely profitable.
However, Westinghouse have kept both their rating of 'buy' and target of 35p ! Seems steep rating for company hoping to scrape up an operating profit this year.
Today's interim results announcement includes a profit warning which detracts from the longer-term positive view.
TCN valued at £6.87m TCN results confirm a "Return to profitability at operating profit level" and "Net debt reduced from previous year end" as well as "Significant improvement in operational performance of the USA business" But worth bearing in mind TCN only made £176k operating profit on revenues of £21m and overall loss post tax of £168k. On paper they booked a £745k loss factoring in discontinued operations (non recurring however) Net asset position is down, cash position halved (although because of the timing of trade receivables etc it may not be so bad. Net debt fell from £3.39m to £3.13m (approx £260k) so there is positive cash flow but not a significant amount. Recent contract win over 5 year period provides some medium term stability. Compare this then to MBO valued at £3.06m which turn around £50m revenue per annum. Final results due next week, but at the Interim period they had reduced losses to £30k. In the period however net debt was down by £220k from £655k in December 2013 to £435k in June 2014. While net debt has fallen, it's cash held has increased over the past three years and was up again in June 2014 Dec 2011: £543,291 Dec 2012: £844,315 Dec 2013: £1,238,991 *June 2014: £1,457,803 At the half year they had £1,892,810 of loans and borrowings
Yep looking good now going forward! Operating profitability so will see if can be converted into post tax profitability in future!
After a period of change, this week's results point towards an increasingly rewarding period for shareholder: "The Group has made encouraging progress, with the improvements made in the previous year within the Energy division being maintained and the impact of the recent operational changes in the USA starting to take effect in the latter part of the year. The major contract win by Maxpower Automotive announced in December 2014 and increasing second half revenues in the USA and China are positive indications of the Group's potential to deliver organic revenue growth and shareholder value over the medium term. Whilst we anticipate our markets to remain challenging, the Board expects to make further progress through the current year."
Nice contract win - £10mill vs £4mill market cap
Seemingly excellent appointment of a very capable individual today.
Interesting rise today....will see if possible upturn or consolidation.
TCN has a capable management team, low debt, a multi-national footprint built up in recent times and a growing customer base. Yes there have been trading difficulties however I see this share price motoring ahead in the next 12 months.
yep maybe..it popped up on a screen so thought Id mention it. tcn 'seems' to have bottomed...7M mcap and 20M revenues so below price/sales. AIEA is probably safer of the two...hope ur well mate.
loss making here still, no?
Balanced & bullish http://www.stockopedia.com/content/tricorn-tcn-foreign-affairs-79746/
seems to be good rebound here..nice rise recently
TS is generally upbeat which is positive. Personally think it will take 12 months to see it back on track again in growth terms. Some people have questioned management decisions to move into America and China in short order, which is reasonable, however I look at it that the diversification is good, especially with the weaker UK markets. Yes, added risk, but at the same time proper upside there as well.