Member Info for 42trader

What do you mean?

"Current trading & outlook

Our deliberate strategy of building a large order book has enabled us to entirely mitigate the impact of the further restrictions on sales and canvass that came with the third national lockdown in January 2021. This has meant that despite geographic and national interruptions we have been able to maintain our survey, processing, manufacturing and installations operations. As a result, we have now reduced our order book to a more normalised level which is still c.20%
higher than the prior year and further strengthened our cash position.

During Q1 we have taken the opportunity to improve our customer service levels, with further investments in call centre staffing and in resolving the backlog of service issues that were caused by the first lockdown and the significant supply-chain disruption in Q3. Our intent is to enter Q2 having put the operational challenges of 2020 fully behind us as we focus on accelerating the transformation of the business and delivering improved financial results.

Clearly the outlook remains uncertain, but I am optimistic that the progress made by the business will allow us to
maximise any opportunity that comes as the economy reopens. Our intention remains as before the crisis; to build
long term value for shareholders by consolidating our position as the UK's number 1 choice for replacement
windows and doors. As a result of this encouraging start to the year, the Board expects 2021 financial performance to be significantly ahead of market expectations."

"Furnished with the support of shareholders, the phased restart was rapid and we quickly found that consumer demand was strong. The strength of the market reflected the multiple restrictions on other forms of consumer spending and was seen across the wider Repair, Maintenance and Improvement (RMI) sector. In response to this growth we invested in expanding our capacity across survey, processing, manufacturing and installations. The resulting capacity increase lagged the growth in sales but delivered revenue growth of 15% in H2.

This meant our order book grew by 83% versus 2019 as we exited the year, setting us up for a strong start to 2021.
During H2 we also made significant progress in driving margin, with reduced complexity, reduced finance subsidy costs and enhanced management of discounting, all of which contributed to a 3.8% year on year improvement in average frame price. This partially offset the financial impact of building the order book in H2 and it is contributing to the improved financial performance for Q1 2021.

"The business started the year with good growth sustained from Q4 2019 but our priorities shifted rapidly in Q1 to a focus
on protecting our staff, customers and the business through the pandemic. Our results in H1 were impacted significantly
by the cessation of business operations between March and the end of May.
However, as a result of the support of shareholders and our lenders in April, the business was able to recapture its
strong momentum in H2, delivering double-digit revenue growth of 15% while also growing the order book by
83%. The strong order book has allowed us to entirely mitigate the disruption caused by the interruption in sales and
canvass operations during Q1 2021."

I know, but just curious.

Currently the share price is hitting a fairly strong resistance line. Good news though, is this is it's third attempt to break this resistance, making it more likely. After that, the next level of resistance is around 76p and then around 90p. My current target is to fill the large gap to 150p.

goldgnome - are you short?

About 3 months.

Try and not be insultive. I bet there are very few investors, if any, that haven't been scared out of a trade at some point.

BUZZ-Australian gold stocks eye best session in 2 weeks as bullion prices gain
Resolute MiningResolute Mining
News
an hour ago
** Australia's gold sub-index .AXGD climbs as much as
3.4%, its biggest intraday percentage gain since March 18

** Gold prices edge higher as expectations of a $2
trillion-plus stimulus plan in the U.S. raised inflation
concerns GOL/

** Reports of a new vaccine-resistant COVID-19 virus strain
also bolstered the bullion's safe-haven appeal

https://www.investormeetcompany.com/investor/meeting/review-of-prelim-results

simple registration neded.

Sorry, wrong board

You will need to register but that is simple enough.

https://www.investormeetcompany.com/investor/meeting/review-of-prelim-results

Well I was going to post the other day about UAI chart looking very positive with a cup and handle pattern formed. Looks like 120p then 135p will come soon.
CEO Richard Upton has just added another £50k. That's some holdings he has now.

TigerByTheTail- fair enough, I like being greedy.

BUZZ-Australia's Resolute Mining eyes best day in over 3 months on reaffirming 2021 outlook
Resolute MiningResolute Mining
News
31 minutes ago
** Shares of Resolute Mining Ltd RSG.AX jump as much as
8.3% to A$0.455, their biggest intraday pct gain since Dec. 16,
2020

** The gold miner reaffirms 2021 production, cost and
capital expenditure guidance; says Syama gold mine in Mali and
Mako gold operations in Senegal remain on target to achieve 2021
production and cost guidance urn:newsml:reuters.com:*:nASX54hXk0

** Says performance during March qtr is on target

** Expects to generate sufficient operating cash flows to
support debt repayments of A$50 mln ($38.07 mln) in 2021

** Says co has strong liquidity with A$106 mln of cash and
bullion at Dec. 31, 2020

** About 11.8 mln shares change hands, compared with the
30-day average volume of 8.7 mln

** Stock had fallen 47.2% this year, as of last close

($1 = 1.3135 Australian dollars)

(Reporting by Savyata Mishra in Bengaluru)
((Savyata.mishra@thomsonreuters.com))

Just to add to your comments, it was good to get a little clarification to what has gone on with the China order. Basically, covid slowed down the process in China with delivery taking longer as well as lockdowns.
I too was disappointed to there not been enough time to answer questions, which is really a big part in a Investors presentation. All questions will be answered by email hopefully some time soon.
Regarding the bod, they are experienced and very clued up on running a business as well as growing a business. It has been one of the reasons why I intend to hold for some time as well as the fact that growth will continue and the fact they have almost doubled their ability to manufacture their products in Italy. They also added info about further expansion of the manufacturing possible in Italy in two different ways allowing them to almost double once again, to 100m products at a cost of £10m.
All in all, nothing bad came to my attention, and a few concerns were commented on.

SB is certainly not for the faint hearted or inexperienced. It does has it uses though if you are disciplined. Easy to check prices, set alerts and short a share. Having an advanced chart (like IG do) its also very useful as other charts do not have the same functions and are often wrong in data.

Back to SLP, I thought I may have bought today having an alert set at 112p. Am I being greedy or just need to wait a little longer?

https://www.investormeetcompany.com/venture-life-group-plc/register-investor

VLG have an investor presentation today at 1pm. Simple sign up here for those interested.

Not sure if this was posted or not before.

"Centamin (CEY) proved the benefits and shortcoming of buying gold miners over gold in 2020, handing shareholders back over $100m (£72m) but also trading at half the market capitalisation it had in September, when gold was at $2,000 (£1,443) an ounce (oz).
The Egyptian miner saw its cash profits climb 54 per cent in 2020 thanks to the one-quarter higher realised price for gold for the year. The company will pay a 3¢ final dividend, compared to the 6¢ final pay-out for 2019 that became a first interim 2020 dividend due to Covid-19 uncertainty.

The weak share price is related to the decision to stop production in one area of the Sukari mine’s pit last year because of safety concerns. This meant production was 5 per cent lower than the year before, at 452,320oz.

Centamin clearly needs another mine, given the regular production hiccups at Sukari. It says another discovery on the same site could be a possibility, while its holdings in West Africa have promise too. New geological team leadership is a sign the company is taking this seriously. Buy.