Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Subject to the necessary conditions and regulatory approvals being met, Admission is expected to occur during the second quarter of this year."
Taken from the announcement yesterday
If PBT is only $2.2bn then I think that'll be disappointing.
They made $1.5bn in the 1st 6 months, so only $700m in H2, with full 6 months of Toulmont (unhedged) and lower finance costs as debt has been rapidly falling.
"The Board will continue to look for ways to extract value from the Group in the future AND to rebuild operations within the cryptocurrency industry." Unfortunately this statement makes no reference to extracting value for Shareholders. With customer operations being wound down what is there to sell? An app with no customers? They have said no funding can be secured therefore no auditors can sign mode off as a going concern. Therefore suspension followed by delisting
Might get a better return buying chips.
I thought this mornings news was going to be the kick start the share price needed to get to 50p, £1 or more that everyone has been quoting.
£25m delayed revenue from 2022 at 10% margin - £2.5m. Still nowhere near enough to cover admin expenses.
£800m revenue over 7 years. 10% margin = £11.5m per year, needs to be discounted as it doesn't start until 2025. Current admin expenses at interim results £16m *2 for full year = £32m. 17 months ending 31 Dec 2021 admin expenses = £28m.
Yes massive revenue win, but looks like they need plenty more work to breakeven.
Hopefully the quarterly business update will be coming soon. But in POW terms it feels like ages since any news
Take away from these for me was the EA updates expected within the next 4 - 6 weeks
Households being paid tonight to reduce electricity usage. Backup power will be good today. Roll on the next quarterly update
Add that to Kave Sigaroudinia selling a couple of percent last week as well
Deutsche upgrade this morning and trading update tomorrow morning
Net cash = cash minus debt.
Would need to see cash flow statement but cash generation certainly seems weaker than expected
Additional EPL was announced at the end of November, there aren't any corp tax installment payment dates between then and the end of the year, so that wouldn't affect year end cash position.
Down heavily based on concerns around unquoted portfolio valuation. CLDN unmoved so far
First Abu Dhabi Bank PJSC ("First Abu Dhabi Bank") notes recent press speculation in relation to Standard Chartered PLC ("Standard Chartered", or the "Company"). First Abu Dhabi Bank confirms that it had previously been at the very early stages of evaluating a possible offer for Standard Chartered, but as of the date of this announcement, is no longer doing so.
RNS says no longer evaluating a possible offer
Almost debt free? It has £1.5bn in cash! Lease liabilities are just an accounting treatment for future rent payments
Nice? Drilling has proved gold. £20m and let's not forget all the other activity across the portfolio.
Big bounce today
Large fixes in place (so shares never rallied like SQZ) and half of production is oil
Share price is flat over 12 months?
£265m cash as at April 2022. Probably better to use the current cash position of £320m! And after tight cost control cash will be in the range of £240-270m by the year end. Cash is going down quicker than the share price.