focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Wasn't there a short trade with IG Index for around 3% of UKOG some time back, could this be that someone's buying it all back ??
Squeaky bum time me thinks !!!
:))
With lettings reported up 27% in Q1, just thought I'd post this on-line article, its mad but great news for Foxtons !!!
'More than 100 tenants a month are registering at every lettings agency branch - ten times the number of homes available to rent..........'
And here's the link in full :-
https://www.dailymail.co.uk/property/article-11989517/Ten-times-tenants-registering-agents-homes-rent.html
Yep exactly that and just wait until we get the numbers from RAD0005 !!!
:)
Yep as expected another strong reporting RNS from Foxtons.
The Yanks won't like it as the last thing they want right now is a raft of buyers and a growing shareholder list as I mentioned before, so expect the stock to drift or trade slightly lower with the so-called analysts stating 'that the strong performance of the company is already factored into the share price'..........or something similar.
But as well all know, its complete and utter b$$%£ks !!
Buy on any weakness and hold !!
In a nutshell :-
Greatland Gold plc (AIM:GGP; Greatland or Company) is pleased to announce the results of its 2022 drilling programme at the 100%-owned Rudall project in the Paterson Province of Western Australia. The Ramses target is located within the Rudall tenement, 20km southeast of Greatland's flagship Havieron gold-copper project. The single drill hole testing the Ramses target was supported by a Western Australian Exploration Incentive Scheme (EIS) grant (see RNS Announcement titled "Greatland awarded a drilling grant for Paterson province exploration project" dated 10 May 2022).
Highlights
§ Hole RAD002 intersected 18.25m @ 22.0g/t Au from 924m (uncut) to end of hole (EOH) at 942.25m, including 1m @ 393g/t Au from 926m. Significantly, anomalous copper, silver, bismuth and ****nic assays were recorded within the broad, altered intersection
§ The hole ended due to drilling limitations and mineralisation is open at depth
§ Structural and geochemical work and a future downhole electromagnetic survey are required to refine the potential for mineralisation to extend into shallower positions within the system
Nice !
And yet more Gold !
Yawn !
:))
So stock went XD on Thursday, so a nice divi on its way and I picked up a few more cheap shares yesterday as well, all in all a very good week !!
I mentioned a few weeks back about Foxtons looking to expand its reach outside of London and Guy Gittins mentioned something similar in his presentation last month.
Well with regards to raising any additional Capital for expansion ( if needed at all that is !) there doesn't seem to be anything blocking the way for Foxtons, despite a contraction of lending by many major banks.
This is a good link :-
https://www.lettingagenttoday.co.uk/breaking-news/2023/4/funding-exists-for-agency-takeovers-despite-soaring-rates--claim
Nearly 25x the daily average in Condor via the US OTC market tonight, someone's fishing !!!
https://www.wsj.com/market-data/quotes/CNDGF/historical-prices
Yep, its all progressing quite nicely.
And here's something for everyone seriously investing or about to invest in Gold , its a great watch, 15 minutes long, Tucker Carlson on Fox news and how the demise of the US Dollar is gathering pace.
Gold all the way !!!
Happy Easter all :))
https://www.thelibertybeacon.com/tucker-sounds-alarm-over-de-dollarization-slams-biden-adm-for-****ing-off-world/
Some of you may remember what the Yank Banks got up to last year on the Monday UK Bank holidays when the European markets were closed and the US markets were open.
On one UK Bank Holiday Monday, Gold at one point fell over $50 and the May day bank holiday when all European markets were once again closed, the Yank Banks did a flash crash in all European tech stocks listed on the Nasdaq helping themselves to a nice cool $500m profit or thereabouts !!!
Expect more of the same and if you are buying Gold Bullion keep an eye on the price Monday !!
I
Yep, exactly that Forrest.
Gold touching $2025 early this morning, whilst there may be a bit of a pause and/or some small pullback with the Yanks and their paper, there is only one trade here and that is to buy anything Gold, bullion, miners, producers etc.
The Yank banks have been stealthily helping themselves to anything Gold whilst simultaneously shorting Gold futures, even last night $2020-$2023 was offered on the April Gold contract and was offered for the last two hours of trading in the US, goodness knows how many contracts the Yanks offered to keep the price at this level.
And with countries one by one now ditching the US Dollar (finally !) and with Malaysia also now talking directly with China this morning about also joining in on the BRICS action, expect the US to rapidly launch the Digital Dollar backed by Gold sooner rather than later !!
And also expect UK Gold Bullion dealers to start limiting Gold purchases if not already that is !!
Will we see it finally cement the $2000 level or will the Yanks with their paper keep a lid on it for the fifth time ???
So, Hoskins Partners have reduced their holdings in Foxtons from 6.35% down to 3.81% and apparently this threshold was crossed on 31st March 2023.
That means they have offloaded around 7.6m shares give or take.
Here was my post from the day before those impressive full year numbers from Foxtons last month :-
'All looking good this morning however we know the last thing that the American Banks and US hedge funds need right now is a raft of new buyers and especially after decimating the stock and the institutional shareholders list since 2020, they can't let all that 'good work' go to waste after their stealth mass accumulation of shares !'
So it looks like Hoskins have fallen for it, selling the stock because its ' a boring hold' no doubt, just what those Yanks want, more impatient holders.
Can't be too many more sizeable holders of the stock left, Aberforth, Invesco and a handful of others and that's it !
Is the end nigh for Foxtons and at what price ???
That is the question ?
:))
Decent write up, nothing that we don't already know and as I mentioned a few weeks back, the company now looking further afield up and down the UK :-
'Foxtons facing rebuild task', CEO tells investors..................
Guy Gittins told an investors presentation that Foxtons' market share fell because it didn't have enough front office 'fee earners'.
Foxtons chief Guy Gittins has told investors how he plans to rebuild the company and expand through acquisitions and organic growth.
He described how he had to address “cultural issues” in his previous job with Chestertons, and he now had to do the same at Foxtons.
Gittins replaced former CEO Nic Budden in September, who stepped down after an eight-year tenure at the top following reports that investors were restless over progress at the estate agency.
When the company announced full-year results earlier this month, Gittins gave an honest assessment of the problems at Foxtons.
“My operational review is complete; whilst Foxtons has strong foundations, core operational failings have throttled historical performance and prevented significant unfilled potential from being realised,” he said.
The London agency reported full-year results of revenue up 11% to £140.3m with growth across all businesses: 17% in lettings, 8% in financial services, but only 1% in sales.
Douglas & Gordon lettings, acquired in March 2021, delivered £5.3m of operating profit in 2022, and a 35% return on capital.
Gittins told investors in an online presentation this week that Foxtons’ market share had fallen from 4.5% in 2016 to 3.4%, and that it should have embarked on an acquisitions strategy five years ago.
He said there had been “a dilution in what once made Foxtons great”, and that it needed to get back to being an innovating company.
I believe passionately about the opportunity we have in front of us.”
“I believe passionately about the opportunity we have in front of us,” he said. The company must utilise the resource of its “enormous database”, he added, and grow organically with much higher sales volume.
There are 3,600 independent businesses which may want to sell up soon, he said, and that this was “a fantastic opportunity” for Foxtons, with possible expansion outside London.
The company recently acquired Atkinson McLeod, a lettings agency in East London, for £7.4m.
Keep adding shares on any price weakness if funds allow !
Nice.
:))
As its holiday season for many from next week, I though I'd just share this with you all when I got pulled over whilst driving in the US on holiday last year :-
https://www.facebook.com/supercaradvocates/videos/lamborghini-doors-truly-blow-a-cops-mind-away/278897203284641/
As mentioned previously and more of the same this morning, Foxtons share price is still being kept around the 40p level and which has been the case now since those impressive full year figures at the beginning of the month.
This morning this stock is showing 39.5-40 and this time last year on exactly the same day, the last day of the 1st Quarter of the financial year the stock closed at 43p no less !!!
Time for all those ISA and pensions and top ups if funds are available that is !!!
No point in stressing, there's plenty of time for more fun and games today especially as its the last trading day of the 1st Quarter this year and ahead of the schools' Easter holidays next week !!
Moonpig.com just released a trading statement, full of waffle !
Market cap of Moonpig.com as of last night....................£389m !!!
As of tonight the market value of Greatland Gold is £385m.
£385m in US Dollar terms using an exchange rate of $1.23 to £1 equates to $473,550,000
& using tonight's Gold spot price of $1960............
means that the current valuation of Greatland Gold in terms of ounces of Gold equals :-
$473,550,000/$1960 = 241,607 ounces of Gold.
Brilliant Stuff !!