Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Look pretty good to me and no nasty surprises which was always a worry after the recent drop. H2 is the peak season for them and looking very positive with CPO currently at $750. I would say they are on track for a profit in H2 if those prices remain. Good to see them reduce their costs too and the further weakness of the Indonesian Rupiah will also boost our profits further. Very bullish for the second half of the year now
I'm also at a loss to explain the current share price John. The June trading update said total production increased from 346k tonnes to 362k tonnes and with CPO prices over 25% higher this year then we should be above £1 really. As you say, they maybe a nasty surprise in the results next week but if there isn't then their revenue should be up over 30% vs. last year when the share price was triple what it is today. Also at this price and the huge estate they own, they must be attractive for other big CPO producers and perhaps we could see a take-over offer.
Agree that this is very cheap now. I bought some more at 50p on Friday. Results out in 2 weeks and production is higher as is CPO prices so numbers will be much improved vs. Last year and that might be what the market needs to see this return to £1+.
I've been in an out of this share and originally bought at 10p and sold at 18p after the placing. I then bought again at 3.5p which I thought was very cheap and now i'm averaging 3p. I don't think the BOD are liars or deceitful and remember they voluntarily gave up the performance shares they were due when they managed to get the mining licence because they recognised the share price was under-performing. You very rarely see that from BOD particularly on AIM. While the update was not what I was hoping for, the 2nd half of the year is the peak period for selling and where all the money is made so hopefully will be stronger particularly if farmers have been delaying their orders due to covid.
I just bought 5k worth of shares at 7.54p. Used to hold this a couple of years ago when it was around 2p and gave up as seemed to be unnoticed. Kept an eye ever since and thought I had missed the boat when they announced the listing at 10-13p but seems like a no-brainer now with all the risk now removed. Exciting times ahead and agree that will get a lot more attention and appreciation on HKex than on AIM. GLA
Does anyone know what this 163 carat yellow type 1 diamond might be worth when sold? I wish they would RNS these finds. I know it costs to issue an RNS but when it's a significant find like that then an RNS will gain more interest and help boost the share price
I've double my holding today as too good an opportunity to miss. It certainly is a hidden gem and has the lowest AISC of any gold company I have seen listed in London. With gold currently at $1700 and AISC at under $600 we are making over $1,000 profit per oz. As long as keeps staying a hidden gem then i'll keep topping up at these prices particularly with a healthy divi that will keep increasing.
Excellent update with production up and CPO prices +25% higher vLY when our shares were at 150p. Amazing to think the price is now at these levels with such positive numbers and expect the share price to start recovering more quickly after this update and with CPO prices expected to continue their recent increases. Should be a good day
Last year we had a trading statement on 5 June so perhaps we will see an RNS in the morning?
Bought some more this morning. All looking very promising. Even with the stoppage in April we are looking at more than doubling our production in Q2 which is pretty impressive. Also have around $1m of diamonds on hand to sell with the tenders restarting this month and now accessing the Antwerp market will be very significant for us imo
Agree. I've ben going in and out of gold stocks in the last couple of months and made a tidy profit. This seems to be one of the few gold companies that hasn't risen as much and the fundamentals are sound as you say so i've bought in. The FY19 results should be out on Thursday and expect them to be better than the £25m profit they made in FY18 and with gold significantly higher the last few months I expect an increase in the dividend too. GLA
Great RNS released this morning with revenue up +179% in Q1 and already £1m higher than the first 6 months last year. Also great news to see independent experts explaining the benefits of the LIDCO machines in treating COVID-19 patients which is why sales are so strong now. Webinar should be very interesting
I’ve just bought a few £k in this company. Is a profitable business in a fast growing market and think they will be doing well in the current lockdown and have already announced record traffic in the first week of the lockdown. Will be interesting to see what they invest £1m in cash on
I actually think £2m profit is quite conservative given MBO made £0.5m profit in H1 which included the heavily loss-making Bangladesh business and this was disposed of at the end of H1 . While it is under the radar of AIM investors, it certainly won't be under the radar of the big e-payment providers and I wouldn't be surprised if they try and make an offer. After all, there can't be many profitable, £100+ million turnover companies around with a £4m market cap - absolute bargain
A few buys so far this year which is good. Sooner or later people will realise how undervalued this is and it won’t be under the radar much longer. The spread is ridiculous and just got a quote of 3.18 to sell so must be trying to fill an order.
Thanks for the info Draft and definitely positive news. It is ridiculously undervalued but the problem with this share is the lack of updates. For instance, that information could have been RNS’d and most of the time we just get 2 RNSs a year which is half-year and full year results. This means people get bored and move on quickly which is exactly what’s happened again and why the price has fallen back. I actually think profit will be over £1.5m this year as H2 results won’t have the big losses from Bangladesh in them. Given the directors own two thirds of the company then I wouldn’t be surprised if they then announce a dividend or share buyback. That’s if they don’t get taken over beforehand
Strange to see this down after record H1 production and CPO prices have been increasing the last couple of months. Interims should be out this week which should show we have broken even at record low CPO price and they should give an outlook for Q3 which will dictate whether this starts rising again. DKL is still under the radar and another palm oil producer REA is up 60% in the last couple of months which I believe has been driven by CPO price increase.
I've just bought £2k worth - wouldn't let me buy anymore. The drop over the last few days seems excessive and now they have got rid of the loss-making venture i'm optimistic this will go back up to over 3p. Incredible to think a company that has a turnover of £125m and 50% YoY growth is only valued at £2m.
Interesting that we finally have a few buys today after a couple of weeks of no action. Hopefully we do get news soon. I think tap n Pay and e-payments will be transformational for the company. I asked for more detail and updates to be RNS'd on these 2 projects as well as a trading update as twice a year is not good enough. I also suggested they start doing interviews/podcasts with websites such as proactiveinvestors to build up more interest in the company. Hopefully being on the riser board today will generate some interest as once people spot this company and read the RNS and financial they will realise this has to be one of the most undervalued shares on AIM.