Member Info for Charlie156

Two years ago it may have been an issue when they acquired Sasa, but they've broken the back of that purchase now and will be increasing Sasa production this year. I sit comfortably will all the debt metrics and tomorrow sees another 3 million lopped off that 76 million figure.

It's the debt pile that's eroding, reducing from $139 million to $76 million in the last two years. FCF very healthy, this company can make money at metal prices materially below today's numbers.

Steptoe, this is down 20% since you started ramping the bejesus out of it in December. Pack it in, your a jinx!

Falkland, I'd find a new place to drink on a Friday if I was you. Unless you fancy making a few quid,hiring a room, holding an investors seminar and giving some much needed advice.

Steptoes, I stand by that 12 billion share prediction in the next few years. I'll check back in then and we can catch up, whatever you might be calling yourself then.

If Oligarch is right and letter volume decline reaches a tipping point this year, 2020/21 may be a annus horribilis for UKPIL. I see a perfect storm arising with FCF increasingly becoming an issue.

Sold this morning and put it in TLW. Good luck to holders, but all I see is delay and dilution.

Tell me about it, Falkland. It was just a couple of days ago they announced they were abdicating their throne. Now, they are on here more than ever. After Megxit, I should have known Redsterxit was too much to hope for.

I believe when he made his prediction, Falkland was using the 13 month calendar. Good to see the Chosen One back, and sharing his words of wisdom with the unworthy rabble.

Topped up at 212.50 this afternoon. This company as it stands, with today's metal prices will be debt free in 2 years.

Keith666, earlier today you made the bold claim that your cat had more financial acumen than one of this forum's resident stalwarts. If you don't mind I'd like to put that to the test.
Using the first 3 letters of your moggy's name Keith, and putting them into a google share search , the company KEI Industries comes up, with a share price of £5.12.
I will track that share price for the rest of the calendar year and compare it against the present RMG share price of £2.11. Then perhaps we can see if a simple pussy can get the better of this shares main proponents. Good luck to both!

Fruitster, I'm sure Warren will be flattered by the comparison.
By and large, this is not a forum for sophisticated investors. Some punters are likely to be swayed by the macroeconomic patter and large holding, but of course I don't have to tell you that .

Sadly PP, you probably do. Why does someone with industry expertise put credence in the posts of an anonymous contributor with no such background and whose RMG share price intuition has to date proved misguided. I hope you don't lose money, but if you do, I hope you learn a lesson.

I saw a figure of £100 million from June 17. I'd imagine it's increased since then with the bigger rounds. RMG do seem very coy on releasing any figures, I'm not surprised with a 2.1 bn market cap, spending 5% on sick pay is some stat. I'd like to know how much Amazon spend, not in the UK, but worldwide.

More big buys early doors.

With the UKPIL profit warning, the share price is a sitting duck.

Saw that. Two 500,000 share buys yesterday. Finding it hard to resist buying more. Sub 220 and I'm in.

Last year the share performance of RMG from the three key RNS's.
9 month update Jan29 SP fell 39.9 pence
Finals May22 SP rose 10.6 pence( however fell 24.3 pence, the day after)
Interims Nov21 SP fell 32.85 pence.
This has been standard since the IPO.

My only interest is shareholder value, which is being systematically destroyed. This company is not being run for the people who own it but for the people who mismanage it.

SS has certainly not hit my sweetspot with that RNS. 2020 promises reduced revenue and increased capex. Roll on the next dilution from the mental midget.