Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: Rich62, 22 May 2024 07:46
Last post: Rich62, 22 May 2024 07:46
Looks solid with order book ahead of last year:
Full year 2024 expectations in line
Group revenue for the year is expected to be £140m, approximately 6% below the previous year including five months contribution from the acquisition of Rock & Alluvium Limited, or 12% lower on a like-for-like basis. This is in line with expectations and reflects the impact of prevailing market conditions, with the housing and infrastructure sectors being impacted by lower levels of demand and delays.
During the Period, the Group continued its focus on operational performance, whilst controlling its cost base, and as a result expects to report profit before tax in line with market expectations1.
The balance sheet remains strong with a healthy cash balance. Net cash as at 30 April 2024 (excluding IFRS 16 property and vehicle lease liabilities) decreased to £5.5m (30 April 2023: £7.5m) reflecting increased investment in the year. During the Period, the Group made the final consideration payment of £0.7m for the acquisition of ScrewFast Foundations Limited, the initial consideration of £1.8m for the acquisition of Rock & Alluvium, and early repayment of variable rate hire purchase contracts of £1.1m.
The Group's funding facility of £11.0m is unused, providing significant liquidity headroom. The Board continues to appraise new M&A opportunities in the Group's core and adjacent markets.
The order book as at 31 March 2024 was £36.8m (30 April 2023)
Started: Sandyman, 13 Apr 2024 11:15
Last post: monsa, 20 May 2024 00:00
Plenty of debt, but interest rates are on the way down, and share price is on the way up now
When, not if!!
Stupid fool
= Cash Call= sub10p
Last post: Sandyman, 17 Apr 2024 11:07
Letter after E U !!!!
Started: Rich62, 14 Dec 2023 07:29
Last post: Rich62, 14 Dec 2023 07:29
RNS - Mark Cutler CEO's wife buys 100k shares at 39p.
A good show of confidence.
Started: nomlungu, 1 Dec 2023 07:05
Last post: Rich62, 1 Dec 2023 07:32
Yes H1 revenue down 16% v Last year H1, however operating margins on par at 3.9%
The real positives here are:
+ Net funds up to £8.9m. These were £7.5m at the end of April 23
+ Order book up to £32.7m v £30.8m in April
This sets out scene for strong H2, particularly in SE with recent acquisition and focus on commercial piling.
A bit disappointing.
Started: nomlungu, 26 Jul 2023 16:16
Last post: tesa, 7 Nov 2023 23:50
Not sure why it goes down as for the last few days the buys are more plentiful
Certainly worth listening to the Investor Meet presentation from today; the company seems to be weathering the current economic climate well enough. The presentations end up on YouTube in a couple of days...
Started: nomlungu, 26 Oct 2023 14:22
Last post: nomlungu, 26 Oct 2023 14:22
Interesting acquisition:
https://www.rockal.com/
They seem to be paying book value for the 11 rigs and be growing into the ' South East, a region with good mid-term growth prospects which is currently under-served by Van Elle'.
Tomorrows Investor Meet presentation should be interesting (management have come across well in them in the past).
Started: johnpwh, 1 Jul 2023 14:05
Last post: johnpwh, 7 Jul 2023 15:01
Hard to believe that they obscured the completely ordinary word I used to indicate that there are few RNSs!
sax
sorry, barely look in here since the last dozen messages have spanned 12 months!
i just mean that the last update was open and honest but didn't provide much confidence for the immediate future. i maintain my holding here (originally bought partly as a result of the grand hs2 plans which are now of course a shadow of their former selves). rnss are sp**** so we, or at least i, just hope!
Explain please
....... anybody there? Is this a Pandoras box with all curses released and only hope remaining. Discuss.......
Started: 2reincarnated, 16 Apr 2023 19:28
Last post: 2reincarnated, 16 Apr 2023 19:28
Halve first
Started: 2reincarnated, 16 Apr 2023 19:27
Last post: 2reincarnated, 16 Apr 2023 19:27
But have first!
Started: nomlungu, 14 Apr 2023 08:22
Last post: nomlungu, 14 Apr 2023 08:22
If turnover will be up 20% then turnover will be around £150m. First half turnover was £80m so 2nd half turnover down by £10m to £70m. Even with winter being quieter, this is slightly more of a slowdown than I had expected.
But, profit is still up 50% and the slowdown seems more of a bump in the road and VANL Canada offers hope of diversification away from UK based turnover in years to come. PE of around 10 seems about right
Started: nomlungu, 25 Jan 2023 08:21
Last post: johnpwh, 25 Jan 2023 09:47
No. Small caps are all over the place even with no news. It may be time to sell.on strong rallies in anything. The MMs are just having a field day at the moment. If you are confident with your choices I suggest you just hibernate for now
Mr Market seems a little underwhelmed despite the Interims being as guided. If the Market was surprised by a slowing housing market, it is dumber than I thought... or am I missing something?
Started: Rich62, 10 Oct 2022 09:56
Last post: littlegrandma, 10 Oct 2022 18:04
Nice news, but I think we are being held back by the long history of major cuts to projects whenever the economy gets into bother.
Started: Troajan, 3 Aug 2022 15:47
Last post: Troajan, 3 Aug 2022 15:47
Started: nomlungu, 21 Jun 2022 08:28
Last post: littlegrandma, 21 Jun 2022 12:57
I think the wariness in the city is probably due to the many past big governmental pull backs in previously projected spending on major civil engineering projects, whenever the economy gets into trouble.
No figures given today, but this should be a solid earner for the next few years; I expect the market will look favourably as it seems to have pencilled in a recessionary environment when infrastructure is core to GOV's "Build Back Better" post-Covid economic plans.
Time will tell. Lots of investors getti g smelly below the belt at moment. If yanks put up the interest rate they may have reason
Last post: nomlungu, 14 Jun 2022 14:34
Just a few sales and down 9% - are we waiting for late reported mega-sales?
Started: nomlungu, 17 May 2022 09:04
Last post: nomlungu, 17 May 2022 09:04
The results are good enough to support a higher m/cap if they resume dividends, but there was no mention of them today.
Started: nomlungu, 12 May 2022 10:31
Last post: cb1666, 16 May 2022 18:11
Certainly need some positive news to push this above 50. Hopefully any new comments about Screwfast integration may add some volume (in a positive way).
Back to the price it was this time last year; a trading update for the year ended 30 April can be expected in the next month. Will the results be positive enough?
Last post: Rich62, 16 Mar 2022 11:05
I added yesterday - A bargain at this knock down price.
I'm always amazed that people fly off to the shops when the January sales are on, but when it comes to shares they wait till the herd move in and buy at higher prices....
April 21 to early Jan22 pretty much contained within the 40-50 range. Moving averages are all pointing downward
A large spike low and a return to 37 at the moment
Government spending will be focussed on defence (military & energy). Fancy stuff like HS2 will probably be delayed.
BOD need to make an update statement of contracts to give investors confidence.
Risky weak buy which I did today
Well I've no idea why the share price has dropped 9% today - other than AIM stocks are out of fashion and many PIs seem to be panic selling everything that they own due to Ukraine etc.
I've picked up some really cheap shares in the last 2 weeks (FNX, RNWH) which have subsequently moved back up quickly to more reasonable levels. I've no idea why VANL which as we all know is UK focused and has a pretty full order book plus improving results should be hammered like this. Yes interest rates will rise slightly this week and inflation is rising, but will it affect road building, railway maintenance and projects, house building???
What we do know is that Cutler CEO , his Wife and the Chairman's Wife have all bought significant shares at 42p, 46p and 47.5p in the last 6 months.
I have no idea, all I know is our ceo bought £75k at 42p !!!!!
10% drop on no news; what am I missing?
Started: Rich62, 9 Feb 2022 07:53
Last post: Rich62, 9 Feb 2022 07:53
RNS - CEO Mark Cutler BUYS 150,000 shares at 42p. Good news!
Last post: nomlungu, 31 Jan 2022 08:32
A solid set of results - the briefings today will be informative.
Started: nomlungu, 18 Nov 2021 11:23
Last post: nomlungu, 18 Nov 2021 11:23
CONned by the CONservatives - the Great Train Robbery is being announced in Parliament by 'Get Rich Quick' Shapps. No wonder the share price is down over 10% this week. I can only assume that any CONservative members of the Chumocracy have no investments effected.
#Doris_Must_Go
Started: nomlungu, 22 Aug 2021 16:20
Last post: nomlungu, 22 Aug 2021 16:20
Thursdays presentation is on YouTube:
https://www.youtube.com/watch?v=ZeowGvs8B2o
Trading update due 27 September
Started: nomlungu, 17 Aug 2021 08:35
Last post: Corbes67, 17 Aug 2021 09:07
I agree also disappointed as I expected more of an upturn beginning of 2021. Not being able to turn a profit with furlough assistance then I do wonder if senior management are taking big bonuses for doing nought.
Markets love positive forward projections but now I wonder if this is just waffle for investors sake, fingers crossed.
2nd half turnover improved to £46.1m, but it was still not profitable. I had expected a modest profit. The forward-looking statement of "Positive start to FY2022 with strong first quarter trading." provides some comfort.
Not sure how the market will take the accounts, but the statement that they expect to reinstate an appropriate dividend during the course of the FY2022 financial year will help. Looks like UK PLC is recovering slower than the papers and politicians paint.