Member Info for Billyboy2fromiii

Bushy,

If you are genuinely interested in JLP why not listen to the Presentation yourself? Always prefer to listen and read myself rather than relying upon others…

BB2

Seis, good summary.
However, are you a bit underwhelmed by the cobalt increase? The actual increase in today’s presentation to 6,500 t pa cobalt hydroxide (May) is only 1,220 t pa more than the 5,280 t pa stated in the Nov RNS. Is that your understanding?
In addition, am I correct that Sable is currently producing cobalt hydroxide only and no copper ? Have I got that correct or misunderstood?
BB2

Jonah,

If you register with the investor meets … website then you will be able to watch the presentation at any time after the event. I am registered and am able to watch any of the previous presentations by all Companies.

BB2

Hi,

SLP issued a good update this am, including an update re loadshedding…

Production was only impacted to a minor extent at L and M, which experienced total downtimes of 5 and 2 days respectively.

BB2

Short..

What are you going on about?

There are no fixed dates for updates. On past experience however, should be earlyish Feb. Looks to me as though you are trying to cause trouble here.

Hi,

I am a holder and possibly looking to add.

Yesterday RNS stated full year projected profit before tax (to 31st Mar 23) to be370-385m (plus 16-21% of mkt expectations). However, I see half year profit (to 30th Sept 22) was £450m. Can someone please explain why full year PBT is projected to be lower than half year.

Thanks, BB2

Bad,

Thank you for reply. Good comments. I am a holder here and was considering adding. However, more negative following today’s RNS.I will hold (for long term) but only add should the sp drop substantially (£8 or less).
Certainly going to need revenue growth to offset the higher costs.

Bad,

Thank you for reply. Good comments. I am a holder here and was considering adding.

Hi,

Even allowing for today’s drop in sp, I have calculated that P/E Ratio based upon projected Net Profit for 31/12/22 is about 46 and for 31/12/23 is about 45.

So revenue is projected to grow but the significant cost increased will lower EBITDA and Net Profit resulting in a much higher P/E ratio than today’s 28.
To reflect todays P/E of 28, the so would need to fall to approx £6.18 from today’s £10.20.
On that basis, has the so got further to fall before representing good value?
Thoughts?

Jabber..

cash 31/12/21 £8.2m
cash 30/04/22 £6.9m
cash 30/06/22 £5.2m
cash 31/12/22 £3.2m

???

Zag,

To be clear, that we me saying that I have sold out at 60% loss (not TW).

Everyone has there own opinion re TW but I ignored his comments regarding CHLL and I lost out significantly as a result.

I do not like the fact that last night’s RNS did not make sense regarding the dates and for that reason I have sold….

Good luck to those holding on…

BB2

From *************…

St Brides Partners, the PR firm to disgraced Caracal Gold (GCAT) has today quit as an adviser with immediate effect. I am told that St Brides was not aware of the numerous rule breaches and insider dealing and did not draft yesterday's nonsensical 'fess up forced on the company by the FCA after recent revelations on this website. The next question is for Andrew Monk of VSA Capital (VSA).

Both St Brides and VSA are owed large sums by the technically insolvent Caracal. St Brides has reduced its chances of being paid by quitting as it has done. That is because it puts its reputation above mercenary concerns. So Andrew Monk: do you have less integrity as a broker and financial adviser than a PR firm or will you too quit with immediate effect?

I have sold out today at a 60% loss on the basis that something is better than nothing. Good luck to those still holding…

BB2

Jonah,

You are correct! Slater still own 271,463,789 shares (9.95% of the updated total of issued shares).

Not sold any.

The RNS dated 11th March 22 stated Slater owned 271,463,789 shares (being 10.28% of the then issued shares).

The RNS dated 21st Sept 21 stated Slater owned 271,463,789 shares (being 11.17% of the then issued shares).

So merely just crossed under the 10% threshold due to the recent issue of the warrants. No sale of shares, good to see continuing confident by a top fund manager.......

BB2

Morning, I assume that some personal shareholders now hold more JLP shares than there are warrants outstanding! For a bit of Monday fun while all is quiet, anyone willing to prove the above statement correct (I fully understand some do not like to post their holding)? I currently come up a bit short (was over but sold some to recover original stake).
BB2.

Morning,

Following today's RNS (issue of 366,385 (6.12p) warrants), based upon my research, I believe that 3,333,333 (6.12p) warrants expired on 19th Jan.

Again, based upon my research the only remaining warrants are;

750,000 at 3.40p which expire 22/06/2023.
4,036,431 at 13.0p which expire 21/01/2024.

So total warrants now outstanding, (a VERY insignificant) 4,786,431. Hopefully that finally puts to bed all talk regarding outstanding warrants.....

BB2.

Steve,

Fully agree. With lots of general retail uncertainty and wage inflation and energy cost rises, I am not convinced the stated EBITDA will be achieved and as such the final dividend may be under pressure. I was positive re WRKS but not now and very much wait and see for me……

Did anyone listen to the Presentation? If so, any mention of cash as at 15th Jan.

The £7m as at 30th Oct 22 was, in effect, only £2m as £5m of payments went out 31st Oct 22. Obviously, for balance, cash tied up in stock ready for Xmas trading etc. So cash position now would be useful....

Steve,

Last years H2 profit was 11.2 (H1 -1.0) so full year 10.2.

If this year H2 is similar at 11.2 then full year would only be 0.6m (H1 -10.7). On that basis, I personally cannot see a final dividend being declared. What am I missing ?

Steve,

Yes, I stated that. But is the final divi under serious threat? Personally, struggling to see much if any full year profit and as such final divi could be under threat.

Or a Mai missing something. With 10.7 first half loss, what are you expecting for full year profit?

Hi,

With a half year loss before tax of £10.7m, surely they will (even taking account of second half weighting) struggle to make a full year profit after tax? If so, surely there is significant risk that there will be no final dividend as well as no interim dividend?

Thoughts?