George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
General meeting is tomorrow so not long to wait now.
But yet the SP is still trading at 895.00 which seems strange to me.
We have to remember that the turned down a bid of 10+ GBP per share not too long ago. The fundamentals haven't changed. Most people would make a profit its sold around 8/9 GBP per share but I think it would be wrong for the Board to accept this. People seem to have short-term memories and the years up until Covid were very good and cash generative.
Weren't JPM only appointed in May?
But you have to ask yourself what is fundamentally different between now and a few months ago. From their business perspective you would have to say very little.
The frustrating thing is there is no evidence of any profit strategy.
When do management expect to make to a profit? What's going to be the profit growth from thereon?
I appreciate its difficult to do that for say startups for example but TPG has been established for some time now.
Try not to think of the share price.
Think about the business itself and ask yourselves
- Are they cash generative
- Have management delivered on their promises in the main
- are they growing year on year
- Do they have a strong balance sheet
If you concentrate too much on the sp you'll suffer from tunnel vision.
If the above answers are all yes and continue to be yes the business will be successful. That is what matters here.
Investors have to be long.
The market doesnt lie. 20% fall today and I still see deluded people on here being positive about the outlook.
There really is nothing to be positive about.
I think one thing we can all agree on is that we don't know whether TPG is able to make a profit or not.
Completely agree.
They have shown that they are not able to generate profit/margin from their revenue streams. Business model is flawed. I was hoping that the increase in orders would yield greater economies of scale. But they needed to generate some profit this year or break even as a minimum.
The worrying thing is that covid shouldn't really have a huge impact on them (compared to other industries). I'd say they are just using it as an excuse to cover up the cracks.
That being said I will still hold onto my holding. Probably in hope that I'm wrong more than anything.
The point is simple with TPG - they need to prove that they have a profit making model.
All of these contract wins are all well or good - but its difficult to tell if they are loss making or not. The contracts pretty much all relate to complex, niche projects. The key to success for TPG is having effective project management and aligning this to their commercial departments
They don't call you CrystalBall for nothing.
This is too big of a fall to be based on nothing though.
hardly? If Tlou is indeed successful long term it will be a lot higher than 11p. The flip side is that this could easily be 0p in 12 months time.
So yes - someone might lose out a bit if they sell now and buy at a later date. But there will still be plenty of room to buy back and make a very decent return.
The risk/reward make that the sensible option rather than us mugs who have (including me) basically put a punt/gamble on the hope that this will be a success.
Nice to see this above 700p
They just need to a good set of financial statements.
Growing revenues and winning contracts is all well and good. But it inevitably means you're going to have to incur costs to deliver on all of those projects. Currently they have shown that they can just about break even with previous projects so hopefully these new orders/projects will give them the economies of scale to make a decent return.
We have to remember that the SP is still lower than what it was 12 months ago. So if they can deliver the goods I think the SP is massively undervalued still.
Sorry I meant underreaction
Great gain but its a market overreaction in my opinion.