George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I’m in very similar position and have just listened to the interview on the Kenv website for reassurance. Happy to hold as of everything aligns this should fly. News on the 2nd customer will be a game changer I hope.
Like most products Companies like FLX offer you need customers signed up to your solutions to encourage others on board. I’m expecting this to be the start of something much bigger, been holding through the highs and lows waiting for this start point and don’t see any reasons to leave now. Good work FLX.
Folllowing posted today on Beaufort Securities website.... Falanx Group (FLX.L, 5.00p) – Speculative Buy Falanx, the global intelligence, security and cyber defence provider, this morning announced that it has won a new 3-year Managed Service contract worth £700,000 of revenue from an “award-winning UK Top 20 International law firm”. The contract is for Falanx to provide MidGARD service, a recently launched cyber threat detection & response platform, to deliver advanced security monitoring of the client’s entire global estate. In addition to this, the company also announced the expansion of existing Managed Cyber Security Service contract value from £250,000 to over £380,000 (3-year contract). Falanx’s Chairman and CEO, Mike Read, commented “Our pipeline of similar opportunities continues to grow and I look forward to announcing further contracts in the near future”. Our view: Another contract win from Falanx! It demonstrates growing momentum for MidGARD from multinational corporate clients, validating that its unique offering is adequately fulfilling client needs and superior than competing services. Today’s new contract and contract expansion further increases Managed Services as a proportion of total revenues, improving the quality and visibility of its future recurring revenue. Falanx remain funded in the near-to-medium-term and we expect organic cash flows likely to grow strongly during FY19 to achieve positive underlying EBITDA. We maintain our Speculative Buy rating on the shares with a target price of 10p.
Ageee with your points. An operational update will be of interest, the recent investments should by now be providing strong additional efficiency and more important an update on the new off takers would be good. Personally I’m not fussed about hearing a name, they may request anonymity, it’s the confirmation and volume plans that are important.
The kitchen specialist has a strong track record of generating sales growth, with its top line rising from £854m to £1,307m over the last five years. Profits have also expanded at a formidable rate, with earnings per share climbing from 13p to 29p in that time. The company published a trading update today for the period 12 June to 28 October and indicated that it has seen a “good trading performance” recently, and that it remains on track to meet the board’s expectations for the year. Revenue for the period increased 8.2% on last year, driven mainly by volume growth, and was up 6.3% for the first 44 weeks of 2017. The company noted that it has added 16 new depots so far this year and that it is planning to open more before the end of the period. The market is clearly impressed with the update, with the shares rising 7% today. Looking at the company’s valuation, Howden appears to offer value, in my view. With analysts forecasting earnings of 28p for this year, the stock trades on a forward P/E ratio of 16.1, which I believe is reasonable given the company’s growth history. A prospective dividend yield of 2.5% also sweetens the investment case. While Brexit adds an element of uncertainty in the short term, I believe the long-term investment case here is compelling.
Here is today’s Trading update. Howden Joinery Group Plc (‘Howdens’) today publishes a trading update for 12 June 2017 to 28 October 2017 (Period 7 to Period 11). Howdens has seen a good trading performance, including during the important October trading period (Period 11). The company remains on track to meet the Board's expectations for the full year, while noting that the two remaining trading periods together typically account for more than 10 per cent of annual revenue. Trading Howdens UK depots’ total revenue for Periods 7 to 11 increased by 8.2% on the comparable periods in 2016. The increase in revenue was driven mainly by volume growth and also reflected the slowdown in revenue growth reported during the second half of 2016. In the first 11 periods (44 weeks) of 2017, total revenue in the UK increased by 6.3% and by 4.4% on a same depot basis, while gross margin performance has been in line with management expectations. Other developments Howdens UK has opened five new depots since the July 2017 half year report, resulting in 16 new depots added so far this year, taking the total depots in the UK to 658. Howdens expects to add around 20 new depots in the UK in 2017. Howdens has acquired 8.6m shares since July 2017 as part of the £80m share buyback programme announced on 23 February 2017. In total, 11.2m shares have been acquired in 2017, for a consideration of £47.9m.
A great set of results announced today. In recent weeks the likes of Travis and Nobia have announced results going in the opposite direction. With more depots to open between now and year end and a further 20 next year the potential growth is clear.
My calcs reflect the same numbers also. It's all futile if the gold is not in the ground, but it's there from the latest set of drill results. I've looked at this several times recently and finding hard not to like prospects for AAZ.
Good comment on HNR and I'm in there also. This is an AAZ board and would rather raise th profile of this business. Gold is strong agree. Silver is strong agree Copper is strong agree. For me it's not just those that keep me buying here it's th following. One of the best mining cost per once from the big goldies. Track record in delivering improvement - power hook up, on stream plans for automation etc. I've been fed up of mining companies promising so much and delivering nowt. The half year results are due out shortly and on reflection of last years results I see no reason not to expect a strong jump in their position.
Unlike others in this sector Howdens has a broad customer rather than a few big contracts. So although hit by the announcement about the slow down the reflection in price seems over egged. The builders this business focuses on will still keep churning out demand for kitchens.
Does anyone have a view on cross sectional schematics of the geology survey. I'm no rocket scientist but in my opinion it looks like a relatively simple excavation to get at this resource. As for its potential it's significant, Some 200,000 oz at today's prices is circa £200m of gold. With proven world class processing costs I fail to see how this can't be a massive step forward for AAZ.
A great update which reinforces my thoughts about the potential value of AAZ. When you consider the low processing costs declared in the 2016 end of year results and the confirmed gold results in the last RNS then the potential cash generation here is huge. Looking forward now to the rest of the year after a quiet first half on this share.
Agree Korg that an update on volumes would be good. With the new power connection completed last year and the new investments in processing plant which should be bedded in now I would expect cost of production down even further. Saying that when I compared aaz's cost of production I was staggered at how good it compared to the big boys.
Although Mathew has done a sterling job holding a steady ship through the build of Howdens UK depots to its current 600+ Position its a great time for a fresh man at the top. Real opportunity exists in my opinion to drive further value in Howdens business and it will be interesting to see if elements of the screwfix style model can be developed into the existing supply solution which Howdens operates.