Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
It appears one disposal may now be subject to an active sale process.
https://www.bloomberg.com/news/articles/2024-03-22/newmont-s-akyem-ghana-gold-mine-is-said-to-draw-chinese-interest
Wickes, like others, rely on discretionary spend for bigger ticket items. Early days, but mixed metaphor perhaps at the bottom and turning a corner.
https://www.bbc.co.uk/news/live/business-68581527
Iceland buying 83, Canada 86 current exchange rates.
Https://www.cityam.com/wickes-ceo-gets-inflation-busting-pay-rise-after-proving-himself/
Annual Report
https://www.wickesplc.co.uk/media/behjhuqj/wickes-annual-report-2023.pdf
New Derbyshire store opening as planned before Easter.
https://www.erewash.gov.uk/latest-news-section/latest-news/1900-mayor-to-open-new-wickes.html
26th March.
Not as previously reported on Share News.
Panmure Gordon one of those reaching consensus.
https://www.proactiveinvestors.co.uk/companies/news/1043515/panmure-downgrades-wickes-profit-guidance-due-to-cost-pressures-1043515.html
Well, their guidance is on page 11.
They say they are comfortable with consensus expectations.
https://www.wickesplc.co.uk/media/vhypw3tk/fy-2023-deck-final.pdf
Summary.
https://www.proactiveinvestors.co.uk/companies/news/1043464/wickes-enters-solar-market-posts-flat-yearly-revenues-1043464.html
They haven’t quite gripped the buyback state of play.
I missed that one.
https://www.lse.co.uk/rns/WIX/share-buyback-programme-ed3wpfywvnk9nha.html
Expenses knocked off amount for buy-back.
Https://www.lse.co.uk/rns/WIX/full-year-results-2023-8kvhib9bqpgrmu1.html
I’m pleased with that. Better than expected for me, when set against most of what I’ve been reading. And an acquisition to boot. Confidence going forward.
25th March
Newmont has a clear intention to dispose of a number of assets, freeing up cash to pay down debt and buy back shares. This year.
I guess it may be they’ll achieve that by averaging out over them all for their hoped for 2bn. Swings and roundabouts for them, I think, attracting a deal with Hav and Telfer that can be seen to work for all parties and their shareholders.
I think they’ll want the cash, on the nail, to do what they have said, rather than some other drawn out series of deals.
I am thinking that a proportion of equity for whatever purpose might be provided by Wyloo or other(s) through convertible loan notes, pushing ‘payment’ down the road until such time as they can be paid off in cash or the holder converts to shares.