Member Info for bobwindy

They do have securitisation as a service listed in the strategy in the latest RNS, so Forbes could offer this service if its more advantageous to Together than their current provider

Thats really strange, word for word. ME Group pay £10k more, maybe they are trying to poach someone?

Together sell mortgages, whereas ME Group fund litigation for mis-sold mortgages!

Together have carried out securitisation, but ME Group haven't so Together would need someone like this now, but it seems like a huge cost, so hopefully ME Group have the work to fill the position

That is a great find Gregfin, it looks like a full time job to support and manage the securitisations between MEGH and Forbes. The salary is starting at £60k/annum. Just how much do they have in securitisations lined up and ready to go to require a full time manager and such a high wage?!!

This is now very exciting and I can't wait for the business update, instead of 20p+ targets we could be looking at nearer £1 if there is this level of work moving forward. MEGH is the fastest growing company in the Northwest with turnovers of £36M last year. They have been on a serious recruitment drive recently so expect that turnover to have significantly grown this year, and their legal funding will be securitised through Forbes Ventures

https://maps.app.goo.gl/zFHNzCXD7Z88DJqA9

SP usually drops a bit on a temporary basis once a dividend goes ex-dividend but recovers quickly afterwards.

Solid regular dividends will massively increase the SP, we have worked on PEs of 4 here as fair value but if solid dividends in a debt free profit making mining company becomes a thing then PE ratios in excess of 10 are possible. Other miners have PE ratios in the 100s!

Regular Dividends are usually announced with financial results, if they have a surplus of cash from profits that aren't going to be reinvested into the business then they will redistribute this back to the shareholders in the form of an x pence per share dividend. So first dividend might be on half yearly results next year in September if we are very lucky. This would be incredible given they have been in operation less than a year, as it usually takes years before starting to pay and the company have fulfilled their expansion plans. Yesterdays RNS shows us that they can expand on a royalty basis without the need for upfront cash, so more money for us! Obviously first dividend would be small as they would have made as a minimum $50M profit in the half year on what we know, more likely more so say 3-5p maximum per share if they are feeling generous. but within a year of so this could easily be 40p+ a share dividend.

And we still dont know what they need the $6M in cash for which is exciting!

It won't be before....

Washplant can handle 3.1M tonnes per annum,so on current production, only 15% of its capacity is being used currently. BEN will want to run this at its full capacity, otherwise it's not being used to its optimum. This lease operation on a neighbouring property is just a first step to enable more mining to take place simultaneously, so production will increase 6-7x from what we are aware of and the current associated price predictions accordingly.

This just the beginning of the news, expect a series of mining contract announcements in the foreseeable future, more aquisitions and revised offtake agreements

£1 is a good target for the short term. We may still get a couple of announcements on an acquisition and an update on the underground high vol A miner this side of Xmas both of which we know are being worked on. These will both increase the already substantial profit and of course translate into larger dividends for us all!

Straight into January we have the washplant and railroad online and even more money will be rolling in.

BEN are making $8M a month in profit, so likely first opportunity for a dividend would be 6 monthly results end of June. By then at the current rate they would have approx $48M in profit banked for the half year. Maybe more if they complete an aquisitions and get the second HWM on site, both of which is almost certain to happen. They shouldn't be paying out all their profits, initially they should use it for expansion. So lets say they pay out $10M as a dividend. This would be approx 3p a share. So as a 5% yield this works out as circa 60P share price. Which we are expecting to be well beyond by the middle of next year anyway.

This share should be in the pounds already based on the potential, but early next year once profit is taken, aquisitions are announced and then the additional High Vol A mining equipment is brought on line, followed by additional HWM. Then this will be yet another achievement that BEN have over delivered on again and the SP will align once the market takes notice.

However this isnt a share that you want to sell, the dividends will reward early investors handsomely.

Not initially, £1 to £1.50 is realistic for two miners at the start with no dividends known about. Consistent Dividends will really boost the share price long term as well as the future expansion of the operation with the huge profits that are being generated

Its all met coal, they aren't going to mine any thermal coal at all. The current wash plant has capacity for 3M tonnes and they have huge amounts of lease areas and are looking to aquire further mines (They have two mine sites already not just Pond creek where the current wash plant is) So they can bring in additional wash plants or set up these elsewhere over the course of the mine life. They have the leases all along the Railway line and there is access to water also so the location to set up the logistics is perfect.

Remember that this was listed on the value of the assets at £40m, they are now planning to make $8M PER MONTH! So in under a year they will have enough profit to setup a further mine again!

PE should really be higher than 4 IMO. Especially if we are going to pay regular substantial dividends. This is a completly debt free operation which is a unicorn in mining terms. A recent sold miner had a PE of 8 so I see this as a minimum. Others have a PE of 100+

Telegram group link

https://t.m e/joinchat/edsCh_XSBQI1OWNk

There's a great telegram group that's active. Truck drivers will be part of the mining contract more than likely.

Listen again to the outstanding interview this week, I believe there's a revenue payment when a certain volume has been run through the wash plant.

Railway will be fixed in January along with wash plant to enable them to ship the coal. From Wednesday they are extracting the coal and stockpiling it until the washplant is running running so this enables them to get the $8M as a first shipment due to extra coal mined.

It's simply that, a distribution of profits to shareholders. Usually to distribute excess cash in the business when there are no other uses for this in terms of expansion plans.

Usually following results a company will decide how much to pay out to shareholders and announce a dividend in terms of pence per ordinary share to be paid out. There is then a record date in the near future for a snapshot of shareholders to be on the register. After that date then any shares you buy afterwards aren't eligible.

So the SP usually rises between announcment of the dividend and the record date, and usually falls by the amount of the dividend after the record date.

They are distributed on the payment date after the record date to shareholders. In the case of PIS then this is through your broker where you hold the shares. If they are not in a SIPP or ISA then you have to pay tax on these above a certain allowance per year

With both then this should easily reach 15p.
What's more important, is the business update that Forbes will be providing with the confirmation of the securitisations. ME Group have experienced rapid growth and a constantly hiring new legal staff, this inturn should generate additional securitisations of funding for Forbes. If there's more value in the future then this can easily be 20p+

Great Spot, It still said AMS 4 weeks ago on google cache so must be recent. Therefore they must be readying this for the return.

Mega Highwall Mining have bene appointed, read the RNS the details are in their.

One miner initially, but they are the process of sourcing another miner to take production near to 1M Tonnes/annum

This new exposure will really help the share price.

Only 129 more messages required to overtake EUA and claim the number 1 spot! I reckon Eric will get us there by 11pm with the sterling work he's doing today!