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Yep it's all about the cash in the coffers.. Tomhuk is correct!
Well I reckon there may be a placing done on the basis of the good news to drive the JV forwards. It's all good tbh... BUT that depends on the rate they've raised at...IF they've raised. Todays market action seems to point in that direction IMO
One wonders why this has retreated with such good news! Anyone know quickly what their cash position is?
Yep looks like flippers from IPO... else this would be much higher tbh. Question is how many are they willing to flip..
Absolutely massive news IMO!! It's just proof that whilst many think that the company is doing nothing, it's in fact nothing but! They've actively been working behind the scenes putting this humongous jigsaw puzzle together! Travelling around the globe securing feedstock for our Hypromag program, establishing a feasibility report for for future expansion and negotiating third party expansion partners.
When that MDA lands, Jesus, this will accelerate substantially! It'll be hard to keep up as they're ideally positioned to fill a gap in the market that is widening on a weekly basis with all the groundwork laid!
A lot of investors want to see bangs and flashing lights, and I have to agree in most cases the 'PR' aspect of the BoD/Company is lacklustre at best... but no doubt, they're not idle and consistently working away securing a solid company!
...And we're not far away with our own Rutile deposit. Could an easy quick sell asset to SVML to boost their Rutile scope. Would be a welcomed cash injection into the company.
A very positive webinar tbvh, the boys sounded very confident, if I had to translate it this is what they basically said, "For Gods sake people!..are you stupid?? This company is on the verge of being a massive player on the global recycling business in over 3 continents alongside a major defining REE source mine with a licence on the brink of being issued! We're gona be big boys soon wearing big pants very soon and mingling with like minded entities"
THAT's what I took from that webinar!
Picked up some more on this selling madness...clearly a distressed seller who wants out partially or fully for whatever reason. Market cap total disconnect from assets and projects!
Challenging markets hit Totally
Annual underlying cash profit up 11 per cent to £6.9mn on 6.5 per cent higher revenue of £135.7mn
Profit guidance cut materially for new financial year
Forward price/earnings (PE) ratio of 11 and dividend yield of 4.7 per cent
Share price down 22 per cent post results
Derby-based Totally (TLY:13.25p), a private provider of high-quality care and workplace wellbeing services, has reined in profit guidance for the 2023-24 financial year.
At the start of the year, the board terminated urgent treatment centre (UTC) contracts at four hospitals in north-west London for unspecified legal reasons, days before they were due to end on 31 January 2023. The UTC business is a major revenue generator, accounting for 73 per cent of group revenue of £135mn in the year just ended.
Unfortunately, inertia in the urgent care healthcare sector has led to a slowdown in tender activity, so much so that Totally’s board doesn’t expect to make good the shortfall in the new financial year, despite a strong performance from its higher-margin elective care division. That business unit reported 21 per cent organic revenue growth to account for £35.2mn of group revenue, and house broker Canaccord Genuity expects a similar growth rate this year.
Could say the same for you travesties... Nothing like the desperate Rage of the de-Rampers/shorters!
At least the rampers are basing their conclusions on the facts as they have been presented in terms of 'update' and visually seeing the company put forward procedures to clear stock, What do u bring to the table?... Nowt mate! Ur prob just protecting your short.
U know, We know, They know.. Everyone knows that the next trading update is going to be very good and the BoD are doing everything possible to clear backlog and move forwards to becoming very profitable again. The short term pain is going to be short lived IMHO.
The next update isn't far away considering where we are now since last update.. times moving fast, and it's just a matter of patience. People will talk crap until then... but those who are well invested from either being a LTH or bought in the lows in a bid to become a LTH are just willing to wait.
GLA
For minority of us this is a medium to long term investment.. and not trading this. Constantly looking at share price movement is pointless, (for me anyway). Already in good profit, and will let it swell in its own time!
Continued:
Telecom stocks were also popular picks in the survey, with Cellnex Telecom SA and Telecom Italia SpA both in the top six. Telecom Italia is close to entering into detailed negotiations with KKR & Co. over the sale of its network in a deal valued as much as €23 billion, Bloomberg reported this week.
“The sector is heavily indebted and under-consolidated, particularly when compared to the US,” said AlphaValue’s head of research, Pierre-Yves Gauthier. European regulators are now more open to the idea of reducing the number of national operators than they were a few years ago, he said.
Valuations for Europe’s telecom companies are close to all-time lows, while the sector’s predictable earnings and reliable dividends may spur both strategic and private equity interest.
Representatives for Asos, Atos, Cellnex and Telecom Italia declined to comment. Temenos and Belgian shipping company Euronav NV, which rounded out the top six in the survey, didn’t respond to requests for comment.
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Retailer Asos, Software Firms Top European M&A Targets in Poll
Fast fashion retailer Asos Plc and firms in the sought-after software sector are now the most likely takeover targets in Europe.
That’s according to a quarterly M&A survey by Bloomberg News, which named the UK online-only firm, along with Switzerland’s Temenos AG and French IT services provider Atos SE among top picks. A handful of the region’s telecom companies were also mentioned in the informal poll of 24 M&A desks, analysts, brokers and fund managers.
Asos shares have slumped 83% since the start of 2022, and the company was the UK’s worst performer last year as it struggled with soaring costs and rising debt. Deal speculation has been heating up recently after the Sunday Times reported Turkish online retailer Trendyol made a £1.4 billion ($1.79 billion) approach in December. Billionaire Mike Ashley’s Frasers Group Plc also recently raised its stake in the company, which is undergoing a turnaround plan.
There are some good synergies available for Frasers, according to Liberum analyst Wayne Brown. Asos “owns the Topshop/Topman brands which, if shown some love and improved design focus could do very well for Frasers,” he said. The Asos platform could also sync well with Frasers websites including Missguided, he said.
While Asos is a new addition to the top picks in the survey, Temenos and Atos have featured before. Swedish private equity firm Nordic Capital is still pursuing the Swiss banking software maker after rival buyout firms dropped out, Bloomberg reported earlier this month. Atos is under the radar as it is due to split into two units this year, with BFM Business recently reporting that talks over a sale of the legacy business are ongoing with Czech entrepreneur Daniel Kretinsky.
The sector has been attracting significant interest from private equity firms. Silver Lake Management looks set to acquire Germany’s Software AG after Bain dropped out of a bidding war, while Bain separately made an offer for Switzerland’s SoftwareOne Holding AG last week.
Software companies are popular among buyout firms due to their attractive cashflows and the good visibility of subscription sales models, according to Goodbody analyst George O’Connor. “Software names like Software AG and Temenos have long-established customer bases and, with it, a great opportunity to drive improvements in cash,” he said. “Legacy tech names will also carry lower valuations as the market chases ‘the new,’ like Nvidia.”
The interest comes during a difficult year for dealmaking in Europe amid disparate price expectations and difficult financing markets. M&A in the region so far this year is down 51% from the same period last year, to about $333 billion, according to data compiled by Bloomberg.
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