Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I managed a couple more purchases this morning, had to pay full offer 1.7p, but I have a full position here now and I can sit back and wait.
Once the Ladders Free payments come off the books, June 2024, the metrics of the bottom line will improve further and React will be producing so much free cash. The board is very smart, so I'd expect possible M&A with the spare cash or prepping the company for a buy-out.
250p minimum is my target for 2024.
Great news!
What Mkango/Maginito are hoping to set up will take enormous sums of money, time and expertise.
They can either go it alone, with massive debt, fundraising and dilution, or they can partner up with someone like CoTec. The board have made a very smart decision to do the latter.
CoTec are in this to make money, but they will only make money if we all do.
That is surely a sign that MKA have something special.
Everything is on track and looking good. The currently risk-off market might want a bit more visibility on the revenues before we see a re-rate in the share price, but all MKA can do is put down the best building blocks to ensure future success.
Impressive analyst presentation on IMC. Signalling huge opportunities for growth especially in 2024-25.
John and Laura were calm and assured. A little more meat on the bones of the RNS, but it's all as you'd expect so not much material news to report.
Format was the same as retail presentations so no chance to see who else was on the call.
So they had a slide that answered this in the IMC presentation.
£12k tax credit for H1, so profit after tax rises from £23k to £35k.
CSFS had built up £5m tax losses to carry forward, so they don't expect to pay any tax in short or medium term.
Price will shoot up on opening as Terry races to close his shorts with as small a loss as he can manage :)
But he'll be competing against any others whom he managed to convince to open a short on AET!
CSFS received £6000 tax credit for FY22, so there likely will be minimal change to PBT £23k once tax is factored in, but I agree it would be better to have it in black & white for clarity and transparency.
A bit more meat on the bones from the unaudited interims, and it makes good reading.
Rising costs due to macroeconomic headwinds are passed onto clients, constantly improving margins. Scaling is going well, efficiency is improving, and plenty of capacity using current facilities to absorb future growth.
ITX making great headway expanding sales with current clients. ITX are spending a bit of the fundraise cash in developing their newer offerings, which are showing excellent test results, which they can then offer to the market in 2024.
ITX on track for smallest ever loss in FY23, achieving breakeven for FY24, then profitability in FY25.
ITX have a management who never overpromise, so I wouldn't be surprised to start seeing Trading Updates in 2024 state that they are ahead of schedule, and hitting those EBITDA-positive quarters already.
Happy LTH here.
I'm looking forward to a bit more meat on the bones of the strong H1 period, but also any TU on Q3.
If Q3 continues to experience strong progress, then FY expectations could be upgraded and we might be looking at FY23 break even.
TRX's share price isn't low because the "MMs have no clue how to value AIM companies". It's low because of the wider circumstances: massive net outflows from UK stock market, no appetite for AIM or small caps, we're in a risk-off bear market where PIs are happy to take 5-10% in the short term rather than invest for the long term.
There won't be much change in the short-term with recession/stagflation/current Govt, but nothing to do with MMs, they just react to events.
The SRP was instituted in 2019 and has been periodically renewed, currently extended until March 2024. It is managed independently of the company by Shore Capital, who make the trading and timing decisions.
Today's RNS announces the sale of all held shares, resulting in a £5250 loss.
The idea is to improve liquidity in MWE, but could Shore Capital be doing a better job? As Shore don't work for free, is this an arrangement that ought to be renewed next year?
You just need patience.
Here is a statement from the July Half-Year Trading Update:
"Trading in the first half of 2023 was strong and in line with the Board's expectations. Group revenues for the Period are expected to be approximately $14.1 million, representing a 19% increase from the prior year and setting a record high for the Group. Furthermore, this performance marks the sixth consecutive reporting period of growth for the Group. As a result, the Board remains confident that the Group is on track to meet its expectations for the full year."
I am confident in the long-term prospects of this company and my investment in it.
It's good to see from today's RNS that the BOD aren't recommending investors accept any takeover offer at 56p.
If Rx3 insist on going ahead with the derisory offer at 56p, I hope it flushes out other bidders, ones who are smart enough to see through Rx3's ridiculous RNS listing all KINO's "flaws", and make a real offer for the company.