Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
And again, was almost willing to take a hit on this a month or so ago, so compared to where it was, had to drop some exposure. Still holding some though in case of any jump. Will re-buy if any fall.
Average was just a little over 36p and sold some today at 40.4985.
I agree with the longer term outlook and with the potential buying still to come from Family and Mike.
However, i think the overall market is extend this year. While holding brown i thought the returns were idiosyncratic due to the takeover news. However, boo and asos are up HUGE this year too. Plus some US stocks are up 100% now from the lows. Market is pricing in lower inflation and pauses/cuts to rates. Central banks are saying more is to come. Macro outlook is the same, ie war getting worse, china up to their old tricks.
So all in all, wanted to drop some risk as AdamAnt said.
To speculate. If they own like 1-2% of frasers, maybe its in their interest to hand over shares to Mike as they know the upscaling it could do for Frasers. And maybe they have some deal with Frasers. All speculation at this point. As you said, makes little sense so just trying to make some sense out of it lol
Issue is, they're highest price paid over 12 months is 30p (correct me if wrong). And now if they offer 30p, as they hold 75% (or near enough) they could accept on behalf of everyone? Am i wrong?
Not read the full take over rules
some more chat here: https://uk.advfn.com/cmn/fbb/thread.php3?id=3770328
And talking about other companies.
ASOS YTD: -77.11%!
BooHoo YTD: -67.59
And from across the pond
Nike YTD: -46.85%
And Euro
Addidas YTD: -57.45%
I mean, this is systemic across the market
BROWN YTD: -47.24% as of this
Therefore, can't kick the stock, comparatively, on par.
Indeed, agree and hope you're right. However least its now getting some publicity. Said on another chat, ~50% of the current share price is made up of cash. Quite a ridiculous valuation. Understand the macro issues happing and therefore being reflected in the price (and that of all LSE companies really) . However, buyers must be looking to capitalise here. Even an offer of 2x the current price puts it at 50% the book value!
https://masterinvestor.co.uk/evil-diaries/evil-diaries-developments/?mc_cid=8f923c2bca&mc_eid=31ad53697c
'The Mashley’s Frasers bought c. 5% of NBrown (BWNG) a few days ago. BWNG is now 25p offer. If this price stays there I am taking up work. Of course the Alliances know what they are doing but it may be better if The Mashley relieves them of the work in hand. I suppose 50p is the first stop.'
Ignorant to think we would see profit in line with last years expectations with everything going on. As you said, other retailers reported similar drops across the board. However the balance sheet on this is strong. If the balance sheet was poor i would wonder why i'm still holding, but the strength of it shows financially we're in a good space. Just consumer spending, as expected, dropped.
H1 23 Results
Total Revenue 331.5m (-4.6%)
Profit for period 5.6m (-76%)
We were not going to see any record profit figures for these results so a profit is positive compared to other retailers.
Equity 461.9 (+4.43%)
Cash up
Liabilities down
Book Value per share ~ £1