I really enjoy reading Robert Boyle (former IAG head of strategy) analysis and he’s done another post here which basically says that the lack of profit guidance (which he links to pilot negotiations) is the reason why share price is still in the doldrums
https://www.gridpoint.consulting/blog/iags-2023-full-year-results
I think the main positive here is that they have already had 7k tonnes ordered in the first 6 weeks of the year which is much more promising especially as peak season is in the 2nd half of the year. 2023 was awful there’s no doubt but does look like things are improving and cash position is ok which is why the share price is rising. High risk but could be high reward.
TAP Portugal just posted their highest ever Q3 profit (https://www.reuters.com/business/aerospace-defense/portuguese-airline-taps-third-quarter-profit-soars-62-record-high-2023-10-24/) and I expect the same from IAG and many other airlines. IAG have also said they are interested in buying TAP but not sure if the competition authorities would allow it.
Overall it’s the best we could of hoped for and now it’s been completed, hopefully can get the suspension lifted. What are the next steps in terms of getting the suspension lifted? Is it just they need to release the accounts or are there other steps as well? As much as I would love a dividend, I’m not convinced it’s coming given the BOD we have. The Canadian company they refer to in the investigation is interesting. I’m assuming talks are still ongoing about acquiring that? Would certainly help the share price when we do relist if they announce a big North American focus. Agree with others that India is the biggest opportunity. It’s similar to China in that it’s who you know that gets you these deals though
Another great RNS and I think the $565 value by carat shows how strong the diamond market is right now (even with restricted travel) and the quality of our diamonds. The guidance for 2022 is a doubling of revenue and that’s based on achieving only $400 per carat so if those prices continue then could be looking $25m plus revenue for a company still only valued at £5m
Fantastic Q4 (despite the plant being closed for most of Dec) and revenue more than doubled. What I was surpsied about the most is the grade being above 5 cpht for the first time and that sounds like our outlook for 2022 very conservative with a grade of 4-4.3 cpht. It's been a long time coming and lots of disappointments but with expansion now complete and diamond market remaining buoyant, 2022 is looking to be an exciting year and expect the share price to be above £1 once the market notices it. Frustrating they release the results at 11am but gives a buying opportunity before others notice
Disappointing reaction so far considering we have taken in 20% of our market cap in revenue in just one month. Still under the radar but hopefully some positive coverage later will get us noticed. Also could be anytime they find another big stone considering they found 3 just in August
Yeah I see it now. That's almost 10% of the company. Expect to see a notification in the next day or so which will be very interesting. Must have been a buy judging by prices at the time and subsequent rise since
I agree completely with the mcap and those 3 diamonds alone will bring in more than $1m I reckon. I think when they release the results of the August tender in the next couple of weeks then it will start to get noticed and won't take long to get to £1+ given the small float.
Now we have confirmation our mine has 50+ carat diamonds and D colour which is the rarest and most valuable diamonds, this will have got us noticed with other mining companies. My concern is that we might get a low ball takeover offer. As mentioned., if that diamond didn't have the black sulphide which was unlucky then would be worth multiples of our market cap and if we have found one then very likely more will get discovered (and maybe bigger) in the future.
Disappointing reaction by the market I must say. Obviously the uncertainty around the valuation is holding it back although it's refreshing that the CEO is being honest about the diamond. Imagine if they had just said it was 56 carats D colour then this would have really risen. I think we will be pleasantly surprised when they announce the tender results for Aug and as Hank says, the D colour is really significant and wouldn't be surprised if we get over $1m for the 2 diamonds which is a 6th of our market cap (and with potential for more 50+ carat diamonds to come going forward). Also if the black sulphide is just in small areas of the diamond then can still have a 40+ carat diamond from that which would probably go for above our entire mcap. The August tender will be very interesting and not long to wait. Tempted to buy more but already at 75,000 shares
Fantastic find and the most important aspect of this is that their diamond mine has 50+ carat diamonds in it which, while most was confident this was the case, has now been confirmed. Should get more people interested in BRD now and crazy that this is just a £6m mcap
Nice little find there and should start seeing more of these and hopefully bigger when we ramp up to full production in Oct. Shame the market has failed to notice but maybe to do with issuing the RNS at 11am? Hopefully when they announce the value which I reckon will be ~$300k then people will start realising how undervalued we are. Still think a takeover soon is likely
This has been on my watchlist for a while and finally took the plunge and bought a million at 1.69p. Looks massively undervalued and once they release the interim results, hopefully the market will take notice. May even be a takeover target at this price. Be interested to hear peoples thoughts on what mcap Atome might list at. I guess at the moment it's not worth a lot but green energy generates a lot of interest (and dare I say it) overvaluation especially when first IPO'd
Excellent Q2 numbers with carats produced +117% vLY and average price per carat +48% vLY. This is even before the new plant comes online later this month which will double production. All looking good for a very strong H2
Usually get a quarterly update around 12/13th of the following month so should find out early next week. Expecting record quarter production and grades and then this will get more attention. I'm buying more this week while still in the 40s.
Completely agree and Mcap is ridiculously low. Expecting huge increase in carats produced and value per carat vs. LY when they announce Q2 results in mid July. Should then get more people interested. Also think once everything is at full production, Teichmann will make a takeover offer as they will be very profitable and not need any more funding from the market
Another 8m shares bought by Labro in the last few days. Obviously feel like it's still very undervalued and wondering if they are finally gearing up for a takeover offer which we know will eventually come?
Agree ops update looks very good and price per carat very strong. Not a fan of these financing arrangements but pleased it's Teichmann as they already have a significant shareholding so I don't believe they will sell any of the shares. I think eventually they will make a takeover offer but hopefully we will be looking at over 100p by then. Still crazy cheap given the revenue will be $16m (or more if they maintain current price per carat) and a profit of $8m.
Share price has been moving up nicely the last couple of weeks and hard to buy any significant volume (I have tried). Final results and Q1 results should be out next week and if they are as expected for Q1 then this will move very quickly (always does) to £2-£3 easily. Hopefully they will give us 2021 guidance too as that will show how undervalued we really are. Still under the radar of most investors which could change after results announced next week which is why I’m trying to accumulate as much as I can now.