Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Yes that would be a shock!
This may be a correct view if they were suspended with a view of going bust, but fortunately in this case its correction of a technical error and they will return initially at the same suspended price. Perhaps ii put 0 because technically you can't presently get your money back.
...just suspended at the prevailing price until the error is corrected.
No doubt Grant Thornton will be laughing, and putting in their extra invoice when finished. We keep saying it but this management (?) need voting out of office, because they clearly won't go on their own accord, and are wrecking a perfectly good conglomerate.
To be fair they did use consultants - so made it clear they had no idea what was going on in their own business...and most shareholders waved through the disposal. The share price is still edging upwards so not sure what to make of that!
Certainly need to get rid of the management quickly before they waste all the sell off proceeds. As long as this lot remain in charge it's more of a value trap than growth possibilities...what dropped potato next!!
True, but for now looks ok. 9 mths trading update in Nov had occupancy up from 83.8% last year to 84.6% this year + rent collection of 97.4% vs 94.8% last year.
Its mgt seem pretty canny since floating, but has always seemed to underperform. The biggest risk is perhaps that they get taken out cheaply by private equity just near the lowest confidence point!
SD - I will also vote against it but no doubt the short term demanding big boys will win out.
I have been happy to collect the 10% dividend for several years, and don't see the advantage of just getting a bit £ more quickly at the expense of continuity. With this size dividend I never really expected the share price to increase and don't care about the discount to NAV - tortoise wins for me please!
Trouble is they are a poor housebuilder in a difficult market - and they were losing money before it went bad.
It was better when they were just land buyers/sellers.
I think it may take a time to turn around, kitchen sink or not - possibly due a dead cat bounce.
I think I would also wait...
...think it's a case of the price being behind the good news. Has been for some time and probably will for sometime, but the increased dividend should keep pushing it up now it's debt free.
Trades a long way behind the superior Clarkson, but the difference is too big.
Notice of upcoming AGM - do you remember them issuing cheap shares for themselves and a few institutional friends only - closing the public offer in a couple of hours.
This wrecked the share price which has yet to recover (served them right, but also wrecked it for us!).
For a small what it's worth I am voting against all the directors out of principal to send a message - would help if a few others would as well, or they will just treat small shareholders as dirt.
Apart from this I think they are a very interesting company with great dividend. As they pay out most of the earnings it does mean they have to raise more cash to expand, but each time they have, it's caved in the share price for a while.
Like Fred, I'm not quite sure what your interest is here - clearly you don't have VCP shares,
and whilst it is good to have a round of views, yours seem like 1 of the 4 riders of the apocalypse!
Each to their own, but you need to come up with some more solid evidence than just Nostradamus predictions if your to seeking to make any sense to users on this board.
...looks like 4.55% - Coltrane 2.32% / Boldhaven 1.32% & Marble .91%
Blackrock height was .9% in August and have decreased since then several times but have now come out altogether from a position of .49%
I'm not professional enough to know exactly what all this means, but no doubt they are all maneuvering around at VCP and shareholders expense!
Would however like a little more clarity on their printed results and this in turn would make it less likely for shorters manipulating uncertainties...Burford is another that springs to mind with this sort of problem.
Personally I don't like shorting whatever the arguments are either way, and only occasionally (and could be done by other means) do they stumble on real shortcomings or corruption.
Agree with the quality of Clarksons & have held those for over 20 yrs.
However Braemar has made great strides to concentrate on its original business of brokering and the latest pre close statement of turnover up over 40% and profit up over 80% seems ok to me in the current environment!
The comparisons show the problem - Wynnstay in Sept trading update say feed demand is unseasonably strong and profit expectations remain / NWF in 29th Sept update say feed volumes are higher than last year and margins are 'robust'!
No sympathy here when 98% voted to dispose of one of it's legs....this was all predictable mgt consultants answer,
an unnecessary cost for by the company (and shareholders). The current management should be voted out by shareholders but with the above vote levels won't be...so as they say in the Dragons den - for that reason I'm out.
If somebody wants to bid for the company - they will wait for it to drop further yet in my view.
Pity really as I have held these for about 20 years, but still hold NWF & Wynnstay as better managed equivalents.
I can't emphasise enough (in a fairly long shareholding life) the importance of good management in all companies whatever the field they are in.
....unfortunately the small profit is in fact a loss - operating profit is £170k but finance costs are £440k.
The exchange rate gain is £599k which makes it look as if it made a profit.
I have held these for a number of years and several times it looks as if the profit might break out but hasn't, slowly sliding in overall asset and share value.
In today's circumstances with some big loans for previous new equipment to pay off, I'm afraid it will be many more years before any material headway will be made.
I will still hold as the value is small, but have effectively written it off - no regrets but most unfortunate.