Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Very much like the free cash flow.
And surely a p/e of 8 cannot continue given the growth of the company.
I quite expect a serious price increase by end 2023.
Is anyone else suffering when good companies in which you hold shares announce good news stories.
Goodness knows what would happen to the share price if bad news was released.
Some extracts from the Interim Announcement:
Revenue and adjusted profit before tax up 19.0% and 28.2% respectively.
Record open order book at 30 November 2021 of £70.3m, up 14.3% on 30 September 2021 of £61.5m, and up 70% on year end figure of £41.3m at 31 March 2021.
Group-wide we have worked closely with customers and suppliers in response to the rebound in the economy. This is evident in the order flow and the strong open order book, which gives the Board confidence in meeting expectations1 for the full year."
Even taking the existing - likely over cautious - estimates for the full year, Solid State are trading on a p/e of about 16 with a PEG of 0.6
Very content with my investment here.
Always get a warm feeling seeing a non-exec buying shares as was announced yesterday.
Reluctantly decided to exit with a small loss after 4 years as a shareholder. Kept telling myself it was going to come good.
But poor growth in i24 /failed US acquisition/ and finally an unnecessary name change made me decide that there must be better companies to invest in.
And do you know what - I feel so much better not seeing the name Aferian any longer on my portfolio!
Not massively surprised at the move from Marlowe.
Charles Skinner is a non exec and his old FD from Restore has recently become FD at Marlowe.
They know there is value in Restore which the current management team is slow to realise.
Agree with MattC - £6.00 would be a good result.
Interesting comment from Progressive Equity.
"We continue to believe that Amino is well placed to benefit from ongoing evolution in the global TV industry. The Amino 2025 strategy is focussed on capturing growth opportunities arising from the convergence of Pay-TV and streaming video services. Increasingly software-led, the group contains two (complementary) operating companies to address this growing market: 24i, which focusses on streaming video experiences and Amino Communications, which integrates Pay-TV with video streaming services. With industry sources forecasting the global TV streaming market to double by 2025 to $167bn, clearly the opportunity for Amino remains vast."
With a prospective p/e of 14, excellent cash generation, and good growth expectations this company has a lot going for it.
We shall see......
Seems the market liked the last acquisition.
And Mr. Wilding says there is more to come.
Can see further upside here.
Restore: Canaccord reiterates buy with a target price of 580p.
Must have liked latest acquisition.
Excellent trading update today:
"The Group is pleased to report that it expects to announce results ahead of the recently upgraded consensus forecasts. "
And:
"The Board is pleased to report that we have seen particularly strong order intake post year end to start FY21/22, building confidence in the outlook for the current year."
Could really not ask for more.
Tipped by Midas this week.
Strong rumours of a large acquisition.
Decided to hold on to my stake as Wilding has good track record for deal making.
Positive note today put out by Progressive Equity Research.
Their summary:
"Amino has firmly established a strong position in IPTV set top boxes, and looks to have now achieved a market leading position in set top boxes for OTT (over the top) services delivered to TV sets using broadband connectivity. The company has developed a strong software-based offering and has a major reference contract with Cincinnati Bell. The company is gaining solid commercial traction from its expanded product portfolio and re-focused sales and marketing activities."
They forecast 34% EPS growth for 2021 giving a PEG of only 0.4.
And the company continues to generate good cashflow.
Maybe the time has come for Amino after being out of favour for a long period of time.
We shall see.
Lok will be reporting good growth in half year to end January 2021.
Self store is a distress purchase - no one really wants to do it -which has three key drivers.
1. Volume of house transactions. Crazy at the moment.
2. Divorce/separation. Risen with covid.
3. Deaths of old folk. Relatives cannot face taking Great Aunts belongings straight to the tip where they belong but pay for 2 years self store and then take it to the tip. Sadly covid derived growth again.
Lok are the fastest growing of the self store companies and are at a huge discount to their peers when comparing NAV per Share.
Expect this to narrow.
My carpet fitter of the last 20 years tells me he has never been so busy.
Major shortage of underlay throughout the country.
Should bode well for Victoria.
Still see considerable upside in this share.
We shall see!
Now understand why share price has not recovered.
Have made an expensive and hasty exit as removal of Chief Exec in such a way can easily lead to further revalations;downgrades; and sudden shortage of cash.
Was caught out by Accrol a couple of years ago in not dissimilar circumstances.
GLA
Cannot understand why the share price has not recovered to nearer pre-Covid levels.
Fundamentals look sound; cash in the bank; and in a sector which will benefit from Government policies.
So have invested with the expectation that the share price 12 months out will have doubled.
We shall see!
So I got it wrong again. Strange RNS yesterday followed by a really odd and downbeat half year announcement today.
The Progressive Equity Research note put out today is far more positive.
Really not sure what to make of this company.
Concerned that if the Board are not displaying greater confidence in the future of the business then why should I continue to invest.
Can only hope that tomorrow's half year figures are positive and the Board wanted to ensure that the poor housekeeping announced today did not detract from the good news.
We shall see.
Very positive update.
Currently 34 stores operating increasing to 49 in the next couple of years.
And the self storage market remains under supplied.
Loknstore has to be the fastest growing of the quoted self store companies.
Seems CJ66 probably got it right. Piece online stating that "Woodfords protege Mark Barnett and Invesco have fallen into the same (liquidity) trap as Woodford."
More important though is the comment today from Victoria that "the Board is pleased with the Group's continued growth and progress and remains confident of meeting market expectations for the full year ending 31 March 2020."