Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Also worth noting that most e-comm, including the bug guys like Amazon have reduced their digital marketing spend to prop up the bottom line, result is lower traffic but conversion rates & basket spend is driving continued growth.
I don't think this is RNS worthy, it is a research firm sharing their view/opinions. We must also remember these same research firms are also paid by big tech when recommending eComm strategies to companies. It's interesting they appear on here but can we say it is without any bias or offer a clear indication of future potential?
I fully agree with his post & sentiment but it does pose the question if he knew all of this why did he list on LSE in the 1st place. None of this is new practice and he would have known this could happen from day1.
A fool & his shares are easily parted......... Diamond hands here.
I see no evidence of Surprise H1 results, they have already notified the market on H1 and would only have done so with high levels of confidence, H2 will see further improvements with cost deflation on transport/Whey, strategic review completed and retail sales in their sectors being more resilient. I see more chance of positive re-rate than disappointment.
I read his post and IMO I don't think MBO is the path. His post talks about being forced by LSE to take action he doesn't really want to do, selling a part of the business he has a deep connection with, if MBO was the outcome he would stick 2 fingers up and keep hold until it is private.
Also with all the improved comms and removal of GS it's driving the SP up, again not in his interest to do this if launching an MBO. I'm no expert in this space but all focus appears to be on delivering the business plan, demonstrating it's the gem of a business we know it to be and then I suspect (Pure speculation on my part) a listing move to the US.
This is crazy, positive RNS, positive retail sector, inflation falling, pages of goods news and buyers at 110p, so our price plummets to 104p.
I hope just a tree shake and last gasp attack from shorts before we launch to 1yr highs next week IMO.
I do love this BB, on a regular day you can have a good exchange and learn loads. On a special day you get to marvel at the wisdom of some extra special individuals.
2 yr LTH and finally head is above water and I can now confess my sins to Mrs Bob having averaged down on more times than I ever planned. Now very happy I did and finally have the confidence it will hold this time and look forward to a summer of steady rises.
a lot of focus on shorts but are they really getting burnt or under pressure? imho known shorts were c1% when share price was 600p, shorting peaked at about 4% during last year and price saw rapid decline, current position of 1.5%. they've made a **** ton of money at thg expense and current position means they've made slightly less but still in good profit? we also saw in april those crafty rats have a way of exiting out without causing the sp to rocket.
So MM will soon have a pot of cash to play with, I assume directors will be in a closed period until formal H1 report in Sept so he can’t go on a share buying spree just yet, or will the short trading update prior to agm remove the closed period?
My POV FWIW...
IPO @ 500p was supported with business plan and heavy weight due diligence plus a pinch of banker excitement so maybe 450p would have been a realistic expectation at the time. I discount the period of hype and market exuberance at 800p and accept we have fallen short against the plan a few times but this feels more like a timing and macro environment thing rather than a fundamental issue with the plan/management.
Business has grown & matured in the past couple of years, we are nearing the end of significant capex investments/write downs so FCF & Profits from here on could be a sign of some shareholder returns soon.
Maybe i'm too optimistic but 450p still feels fair value to me, i've been lucky to average down and almost in profit now so it will really test my nerve but I have no plans to sell for less than 350p as i'm not too greedy :-)