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The ink is very wet…expect a surge and recovery…the RNS is coming sooner.
BRV Capricorn
Big recovery tomorrow, we will see a huge jump once the RNS update arrives. Today was a MMs disaster…. Tomorrow the spread will widen and then we run high … finance is done. BRV Capricorn
I agree LawrenceH. It’s been the pattern, surge of selling then the buys. It will be built and there’s huge value to be had for shareholders old and new. Just patience for now….
Expecting a solid performance when the market conditions have been difficult with high inflation and interest rates.
Dividend should be held at prior level.
Improved margins.
Further acquisitions in pipeline I suspect.
T/O - £460mn
Net profit £15-16mn
Earnings 5.5p per share (net)
If the above is in line then that’s an excellent performance and the SP should adjust up to 70-80p as projections for 2024 and 2025 will see considerable growth in sales and profitability.
Also there’s every possibility of an offer for this well run group which would be in excess of £1
DYOR - BRV Capricorn
Strow … I hoped so m8 😂
Walster - 5 post and you know the history do you…… funny how you are mentioning the pub man and c…. b s!
Plenty happening behind the scenes and business new business in pipeline will significantly grow revenues. This is a company with firm foundations laid with technology solutions ready to be deployed. One to buy and hold - expect 40p … a reasonable 4 month target. BRV Capricorn
Interest rates falling so debt will cheaper in terms of coupon rate. There was a plethora of activity at the company offices this morning, suggesting things are fast moving. The deal is forthcoming but I feel equity valuation needs to tick up to 25p. This afternoon should be very good for all invested. The resistance level of 20p needs to be broken and then we’ll see new money pouring in with bullish RNS’s to follow. One may be out later today, it’s just a matter of time. BRV Capricorn
Strow - it is. Due Diligence…? What precisely is difficult here? It’s really simple…cost to finish £160mn. The banks, cornerstones and big boys are in deep so to protect their interest, it is a no brainier. RNS UPDATE IMMINENT - this will send the shares through 30p imho - BRV Capricorn
19p is the stubborn resistance level. All just buy a few more then once through it will be straight through to 25p. This is key. La Mancha has turned this around. PE is cut throat and Horizonte and PIs are in really safe hands now. RNS is imminent …these are not words of fantasy. BRV Capricorn
The deal is done and the next RNS will confirm that it is subject to inor iterations. At that point the Sp shoots to 35p minimum ready for 70p. Then equity can be raised deeply discounted at 30p raising £80mn …plus a smaller debt / loan (cln). Tomorrow will be a gr8 day … BRV Capricorn
20p is the next resistance level before the RNS and then it will rocket. BRV Capricorn
Nothing has changed and profit taken by some which is fair play and now a very good price to snap these up before the real takeoff. Strong level 2 will drive these up throughout the day with deal to be announced on the back of an equity recovery up-to 25p is the level I see as a target for the big guns providing new capital (debt)…. see you at 20p and not before! BRV Capricorn
Some great post I'm following and I agree there will a small equity raise at 25p (underwritten) to reduce the debt burden and give the opportunity to minimise dilution. An open offer is appropriate for this and there may also be a placing element too for new institutions.
My take is the mine is 85% complete and they need around £150mn to completion which is agreed in principle and the SP will now adjust upwards because of the positive sentiment and markets desire for supportive stance of the majority owners who have the capital to fund this even if solely debt issuance.
25p by close tomorrow is a must.
BRV Capricorn
I agree everyone has a voice. However, to continually talk the SP as worthless and act like a clown saying I’m only here to balance the rhetoric is b s. Sorry but I disagree. Over 20p tomorrow hopefully… BRV Capricorn
BRV Capricorn
Late selling but will close at 17p! Tomorrow it will fly…RNS IS COMING
La Mancha and Orion are running the show now. Glencore are needing this asset at any price. A small dip but 19p - 20p by close and tomorrow we will see further gains. BRV Capricorn
Yes Shouston…. Crossed at 15p (auction), on way to 18p by close
Through 15p now…. onwards to 20p