Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Look I know Corona virus is hitting everywhere hard, but M&S profit guidance is 440m. Mcap is now at around 1.4b, so company is delivering almost a third if its Mcap as profit. I get that next year people looking at this as tough environment, but government business rate holiday is worth almost 250m to m&s. World has gone mad
This company is massively undervalued. If you took out exceptional one off payments then it's delivering around 500m profit every year. This year not much different and then for half of next year will have Ocado JV. Debt is down for last couple of years, has no pension deficit and is still performing well in food. Seems that this now has more positive than negative
With company still with overhang of DOJ case then this will remain between 35-60 range. But results are ok, decent profit and decent balance in bank. Suspect that will probably end up with $500m fine max, and then this can re-trace to true value. For me that is around 3b Mcap so around 400sp. Be fun watching and waiting
I was hoping to load up before the results, but reckon missed the low price now. Still looks like plenty of upside here though, so hopefully still get in under 40 next week
I thought on the approval of wressle that this was going to punch back on to the .25 region, but on reflection since we started these appeals we have taken I think £9m in placings, so maybe that has all been baked in to the price and current Mcap is accurate. However if we start pulling it out the ground then could see a decent rise. Still lots of potential here, and still think .64 is long term price for me
Hope you're right swest, I would happily get to 15p and that pays for my golf membership for the year. But whatever way you see a share, I will always root for LTH's as know they are the ones that generally get s##t on most when traders play shares.
From what I've seen on AIM and thus share and others, this looks like traders building a position on expected news, before the big dump. I'll await them all coming onto the BB and stating how great this is going to be, probably get it to 17-20p range before the swell off. I am invested, but hopefully don't get my pants pulled down by traders again
Who like to take a guess at the xmas results?
I'm gonna go for +2% increase LFL, but around +3.5% non LFL on foods, but disastrous CLothing sales at around -6% so total for period will be slightly up, with profit ok. Or will they do what they did last year and not put numbers to the quarter update?
Big difference is that M&S has a food business. That now accounts for 65% of its revenue, so will be difficult to go the way of Debenhams.
The clothing business though does have too large bricks and mortar presence which needs to be drastically slimmed. Another big difference is M&S clothing is 100% own brand, so if you want it from them, you can't go on web and get it cheaper.
Still needs a lot of improvements, but would probably more liken it to the co-op from late seventies early eighties.
Which if is the case, why has DB not done one of his little sharetalk pod casts and apologised. Again, would like to reiterate that we are still going to make money in the long term, just the way this has happened is very poor and I also said I support the placing, especially as it helps with the long term strategic plays that we have.
I think to say DB has done over shareholders is a little strong, but incredibly disappointed in how he has allowed this to happen. If he had got placing away at .225, would have been less anger I think. But there are now several trapped at price where he he has ramped the hell out of this and now they could be sitting on substantial paper losses. This doesn't come from someone who is one of those as my average is .125, but doesn't sit right with me
Have no issue per se with the placing, have issue with how this has been conducted. Honestly thought more of DB than to behave in the manner that has allowed this to be manipulated and has let down ordinary PI's whilst others have profited.
We still have great assets and will still be ok, but leaves a sour taste
Hi Panda,
I did and back then said would be on back of EWT, and then not sure if needed. But this looks like bigger than expected, and therefore may need funds to produce. Which if is case am happy with as means we are going to keep the asset. I have been in this share for a long time and have a nice holding at a good average, and as said have total faith in DB, it would be nice though if existing holders got a piece of the pie on any placing
By no means an expert, but this does now have all the hallmarks of a placing coming. Whilst as always have full trust in DB and what he uses the placings for, does seem that we are the ones that get a little mugged of in these situations. I would guess that price is 0.18-0.2 and will be snapped up by II's. If that is case though, can only assume that we are therefore looking to keep our assets as opposed to selling off and going into production.
All IMO, and still hally with my holding.
Hi Heid, as much as I'd love this to he 4p in 18 months, just don't see it getting that high in that sort of timeframe. The current assets won't be able to deliver that kind of SP. I though would love to be proven wrong. I maintain that the broker rating of 0.64 a while ago is achievable in next 6 months or maybe end of financial year. We will then either be at a placing to advance some of the assets which we have or as some have suggested a sell off of an asset.
In 18 months we might be at tassle party time, but still happy with the investment and happy to continue to hold and hopefully get to meet a few of you at Budges party
Interesting that they put in about pensions when it is currently in surplus, but think they are creatively accounting for write downs. Honestly don't know whether it is worth averaging down at these levels, or selling out and cutting my losses. Guess depends when Archie pulls the trigger on Steve, as would expect a bounce as just don't think II's have confidence at the moment in the strategy.
Still least shorts are not as big as they were.
Div payment will be small, I'd hazard guess around 5p. Results tomorrow will turgid, again. Whilst on 8th December the directors all collect their PSP from three years ago. Never has a performance share plan bonus been so undeserved. Steve Rowe has seen share price fall from 425 to current price, dropped out the FTSE 100, cut dividend, continued falling Sales in C&H, overseen a closure programme that will take 680m out of the business but only close 50 of the 150 budgeted for, 750m JV with Ocado that was only 85% subscribed, managed to lose three women execs under his tenure and now have 0 left. And the list could be a lot longer of actual management failure, but he has been awarded 2m shares in that time. So we see are investment tanking but the boys at the top have doubles all round. Company has been run into the ground by a ****ney, stella drinking wideboy who is probably enjoying hookers and coke fuelled orgies whilst the company fails. (Only one part of that last statement is definitely true)
Another dodgy Christmas period and we will then hopefully get a CEO this company deserves.
Sorry for the rant, obviously been on whatever WGR has been on