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I see you've changed the subject Stt. Nothing more on debtors then or your search for Gowlane's $15m loss prediction?
but they don't say we have collected in $5m of debt since year end so we'll adjust the numbers. Of course if there have been errors or fraud then companies can restate accounts etc but not from normal trading.
I also thought I'd check the $15m loss prediction as you din't have a link for that (which always surprises me). Can't find anything from Gowlane apart from the following on 18 Apr at 11.59:
Four years of impressively large losses, cash burn and share dilution. Four years of generous executive compensation as shareholder value evaporated. One question must be whether the net loss coming up will be nearer $20m or $30m? It could easily be nearer to $30m - but is that priced in?
That isn't exactly screaming I predict a $15m loss is it? Now I may have missed a post or it could be your research not up to par again.
But you don't discuss stt you just cut and paste, normally adding other stuff in to avoid responding to the points raised.
Do you agree that companies don't adjust their FY accounts after the year end or not?
That no company delays publishing their full year results to adjust items based on what has happened in the then current financial year?
Would every business tend to have a normal decay curve in outstanding debts with the majority only a few days over and less debt overdue by a long time? The $26.5m stated as 1-90 days will not be most likely over 60 days due and therefore now 120 days.
The debt that was outstanding at 31 March 18 is unlikely to be the same debt outstanding now?
Of your new points...
They have previously flagged an increase in debtor days, which would have an impact on working capital, but they still generated cash above broker forecasts so this doesn't seem to be having a drastic impact (and given forecast free cash flow for FY19 can easily be absorbed).
As to the loss I tend to focus on cash performance and am not worried so much about depreciation, amortisation and deal costs. I'm not worried about the $13.75m loss. Much more interested in cash generated and that the acquisitions deliver the forecast cash flows. That will have much more impact on the business than an increase in amortisation costs. I think you know that i had hoped for $15m adj EBITDA.
again up for discussion instead of the usual cut and paste and links...
Yes I spotted that gowlane has a similar agenda to you too. He's forecasting a $30m loss for FY19.
Not sure why he assumes they are most likely over 60 days due. I suspect that at end of the financial year they were between 1-90 days overdue, which is why they declared them as such, and the vast majority only a few days overdue as would be normal in every business across the country.
Anything that has come in since year end would not affect the annual results. They are after all a snapshot at that point in time. No company changes their financial results based on what has happened since year end, that's all part of the following financial year.
Perhaps it's basic facts like this that escape gowlane and that's why he gets a $30m loss out of thin air.
Perhaps that's why Stt has a stake in TLY, he hopes they acquire a care in the community business and he can then lobby for shareholder discounts.
I've had 5 minutes Stt, try 27th April. I assume that's the standard of research you did on TLY that I coincidentally referenced in that very same post. No wonder you had ignored/forgotten that post. Oops...
I’m sure you can find the post on here where I said I read advfn but don’t post. Need to up the quality of your research Stt.
Great, thanks for the offer Biffa
Biffa, I'm with you there. I was going to wait for the July TU and if positive may well add. Will you be at the AGM? I can't make it as in Spain, either on a family holiday or a boiler room conference on multiple id tricksters, I'll let Stt decide which.
There are some really good posts from Eddie21 on LSE, worth a read. Brassneck22
Sorry Stt, let me cast another line, how could I have got it so wrong inferring that from your 9.34 post where you said when R1 improve their ads.txt ranking they’ll be worth more. I thought it followed that as AppNexus had a good ranking AT&T paid more.
Some very good posts from 1gw on advfn last night worth reading...
So AT&T reckon the AppNexus ads.txt ranking is worth c600m Stt?
Well Biffa AT&T obviously don't have Stt on their books, they're overpaying at that price, should be 0.5 times revenues surely.
Perfect timing, Friday 13th. I'm on holiday and back in the UK 14th July so will miss it. Hopefully a few of the posters on here that actually own shares will be able to attend.
Absolutely rusty. Feel as if I've already got a better list ready for the AGM than those. Can't believe they didn't press the share buy back way harder. They have the approval now to do it, they don't have to cancel them but hold them in treasury so if there is a fabulous acquisition that comes along they could place them in to the market or use them as part of the deal. I'd also put pressure on to say deliver the shareholder value from FY18 acquisitions before doing more. Also, I think ARM used to have a policy to buy shares in the market to cover any Executive options rather than dilute existing holders. Lots they could do to bolster confidence in the outlook.
Well that was all a bit boring today. Re-enforces FY18 as decent turn around from FY17 and all set up for FY19 but it does seem every year that it's all about the next 12 months. Looking forward to the AGM now, though they'll probably time that for when I'm on holiday! Outlook for FY19 promising if they said good start to the year rather than in line with expectations, good suggests a little better than that. Wish they put out numbers though for guidance.
Well, good luck ALTH for tomorrow I guess I'm more hopeful rather than confident that it will be a good day tomorrow given the track record here. The most recent changes of Ted and Dan cast a bit of a cloud at the moment so hopefully the numbers and outlook tomorrow will be positive. Here's hoping...
Stt, I didn’t think the news flow ever changed for you, it’s just negative all the time
stt you seem to have missed the bit about management confirming on track for this year's expectations and next year's concensus. Oh and the Whitman Howard note reiterating buy, talking about share buy back in H2, GDPR R1 being less exposed as it uses anonymous metadata, year end cash at $26m being above their forecast of $22m, Yume synergies up from $10-12m to $15m and one especially for you, 22% increase in Alexa Top 30,000 domains for Ads.txt for R1