Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Is no one looking at the carnage in the America’s?
Personally I’m expecting sentiment to return very quickly. Efficient testing is the only way through this. Fully expect the marketing team here to be very busy right now.
I’ll try again
From the interim results ended 31/12/19 - Released 5/3/20
KL - H1 2019/20
Revenue 54.4m
Adj op profit 8.4m 15.4%
Interest charge (1.0)
Adj profit before tax 7.4m 13.6%
Classified as discontinued. Held as an asset for sale
Page 17 of the report
I’m intrigued here. Average margins across the group were 2% heading to 2.5%? This then is surely one of the most profitable parts of the business. Why sell it?
And if they are selling a crown jewel then what forward p/e could it be expected to receive as a valuation? x10/11/12?
Therefore could kier be looking to raise circa £100 million to massively reduce its net debt?
Does this sound reasonable? Any thoughts peeps?
Cheers
Dow Jones down 7% overnight and further sell offs predicted in U.K. stocks today.
You would expect travel, retail, oil etc to take a hit - But could a company with a strong order book, guaranteed contracts, and improving margins be seen as a safety play?
I imagine gold, food production etc would be first BUT....?
Any thoughts
JMHO
But a steadying of the SP is not necessarily a bad thing. Wouldn’t mind a boost to the SP but some news on disposals may give that. Recognise the net debt situation but definitely like the look of the new man.
Expecting this to bubble up slowly now - higher margin contracts and removal of dead wood should help this along.
GLAH