Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Increased revenue vs mortgage market falls is a a massive achievement.
"UK Finance's latest estimate of gross new mortgage lending for 2023 is £226bn[1], representing a 28% reduction on 2022. Despite this difficult market, the Group increased its revenue for the year by 4% to circa £239m."
...and finally 15% up at the close makes the graphs more cheery - we ended up at a price not seen since April...but the business has made even more progress since then.
Also giving PBEE a fair wind for the future beyond "pot for life" if that comes in (seems quite likely at some point) is the phasing in plan for getting pension dashboards getting launched in the next couple of years (at long last), which will facilitate solving the current delay-ridden problems of the transfer market. Big impact commercial versions are already getting prepped to transform how easily people can manage their pensions.
Ooh, up 10% next time I looked, and a couple of bigger transactions.
I'm surprised there isn't more interest here for such a volatile stock which has that rare thing - a managment team that does what they say they'll do, plus actual increasing sales with line of sight to profitability!
Merry XMAS all - as I'm expecting it should be for anyone in here!
Near 7% price jump sent me over here to see what's happening, bucking the trend of peers today (not much - just a few small buys, seeming to propel the price a surprising amount) - and so I spotted Shear's post fearing pot for life not good for PBE.
I couldn't disagree more. Pot for life would force employers to pay into the place employees are choosing to be ...which is already Pension Bee. This would be the government doing their marketing for them!
Not surprisingly PBEE have jumped on the news in their PR saying much the same thing: "‘Pot for life’ is a great solution to the problem of people having lots of old pensions from multiple jobs.
A pension could become a bit like having a bank account, into which different employers can pay. It’s good for savers, giving them more say over how they want to grow their retirement fund and hopefully a decent solution to the problem of lost pension pots. "
Hope that's good news for all holding here.
I hadn't been aware of this ongoing dispute and was interested to see how this could affect the Dialight coffers:
"If Dialight's claims are successful at trial, the range of outcomes could include the payment by Sanmina to Dialight of between $0 and c. $220m (excluding legal costs and judicial interest). If Sanmina's claim is successful at trial the range of outcomes could include the payment by Dialight to Sanmina of between $0m and $8.3m (excluding legal costs and judicial interest)."
"We now expect organic revenue growth for 2023 to be between 6.75% and 7.5% (previously 6.0%-7.5%). Adjusted operating profit margin is expected to expand to at least 20.5%, on a constant currency basis.
Karim Bitar, the Chief Executive Officer, commented:
"We are pleased with the execution of our FISBE strategy this year. Convatec has pivoted to a higher level of organic sales growth over recent years. We are on track to deliver a mid-20s adjusted operating margin in 2026 or 2027, and double-digit compound growth in EPS and free cash flow, from 2024 onwards.""
Pivotal Profitability Milestone Achieved
"PensionBee Group plc ('PensionBee' or the 'Company'), a leading online pension provider, announces the achievement of Adjusted EBITDA(1) profitability for October 2023, with Assets under Administration(2) of approximately £4 billion.
Based on current market conditions, the Company expects to be Adjusted EBITDA(1) profitable across the fourth quarter of 2023 and for FY2024. The Company continues to maintain a robust cash balance of over £12 million."
A refreshing change from the less cheery news from most of my shares currently! Holding doubled by yours truly this pm on the basis of this.