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Even a 2p dividend would really push this up, 3.5 at its current price. There isn’t a resolution to vote on a dividend in the AGM next week, but hopefully they will announce it in the next set of results
I have been looking through the annual reports to try to gauge how big their operational mines and potential mines are, it’s very evident they didn’t have a good 2020 with their current operations, but are we betting on the Ming mine here or the value add projects (little deer and whales back look substantial). I have been in HZM for quite a while now (since the 2p days) and can understand the potential there, interested to hear your thoughts on where the growth is here.
I have looked it up on Dan Murpheys- similar price bracket (although fevertree in aus is more expensive than here). Going to be interesting where they pitch it in the UK, Uk supermarkets demand less of a margin so they have room to play with it.
Anyone tracking the share buy back and how many more they will be purchasing? It’s between 200k and 350k a day, they were looking to purchase about 7-8% of the shares in issuance subject to price right?
I’m hoping this will fly past 200p this week.
Interesting stock- huge potential for a few reasons.
As well as the 400 licensed venues, endeavour also own BWS- massive in Australia.
Everyone will anchor on the £3bln MCAP of fevertree
Fevertree are having a huge push into the US but they don’t drink as much g and t as we do- this will be better placed to cater for the US market.
Huge buy out potential- Pepsi, Coca Cola only own Schweppes in the UK so this could be good for APAC / US, plus the big drinks companies (Diageo etc). I would like to be proven wrong but fevertree in my opinion is now overpriced for a buy out.
While people are drinking less beer, Premium drinks market is exploding.
I am holding long term and forgetting about it while they hopefully grow over the next 5 years and beyond.
The seller must be sorted now, it’s bounced back well today. In line with your comments below, in my opinion long term this should be back up to over £1, even with the current results announcement
Still not dropping back to 220- surprised like you say- doesn’t look like this is final
Looks like the big seller (if there was one) has sold up and we have found a bottom.... I’m going to look to top up at these levels (in at 23p so very happy as it is) and hopefully ride the curve back up.
Completely agree- it’s been drifting slowly down after the muddled RNS but in my opinion so so cheap. It has been near the top of my stock screener all year.
Going to be very interesting to see what the update is tomorrow- Iam hoping for results to be in line with last year and a divi pay out again. Gives the new partners who may have bought in last week a very good short term return if the price reacts well to it!
Thanks, both very valid and I agree. Are you concerned with this fraud accusation too? While it’s an individual, I wonder if they will get a slap on the wrist and a company fine? Projects looks very winnable within the year which is promising.
This keeps coming up on my screener and I keep deep diving but am undecided. Obviously 2020 has been a terrible year but oil and gas is recovering- what I am trying to gauge though is how much of a lag their projects have vs oil price recovery. They mention only $3bln revenue is booked so far for 2021, can anyone see if that’s it or if there is potential to win more? And it seems longer term their pipeline is very good, tendering for loads as well as cutting costs. The balance sheet is decent, even with the new debt secured. May be a few years until it recovers properly depending on the lag / how the market reacts. What are peoples thoughts?
Agree- dividend would be good- 6p dividend if reinstated would give a very good yield even at these levels. YE results a little way off.
It’s been such a good run so far, and still so undervalued at 45p. Still a long way to go until fair value and hopefully will reinstate the dividend in the new year too.
Also the CEO (along with a number of directors) bought a substantial amount in the placing earlier this year at 45pps, getting in almost half that at current prices.
Couldn’t agree more IMO. Done a lot of research and can’t figure out why it’s still so cheap. Hoping for a re rate soon.
I would be very happy with 40p but that would give an over £500m MCAP which is a slight pipe dream at this stage (but stranger things have happened). Anything above 15p and I think we are doing well. They still need a serious amount of cash and no financier is going to give that amount of debt to such a small MCAP company currently. Hopefully Orion are lining up stage 2 to compliment their initial investment. But if they are it’s not going to be cheap money!