Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Skid, agree with your sentiments on all points. For No.3 I did see the advert on Channel 4 (I think) and it started well enough but went silly and (IMO) was a waste of a lot of money.
shandy, remember the visitor center is more about Ardgowan and malt whiskey, our Gin still will be in one of the back rooms. I also think Blavod Black Vodka is a decent 'brand' and would like to see them push that in markets other than just duty free.
Good to see that things are on the up following the re-modelling and ridiculous spend on the TV Ad. No need for an equity raise.
Great to see the direct to consumer website (with 'MERCH') and happy that Ardgowan is progressing.
At this level it has to be a strong buy (IMO) (Are you listening Don & Roland?)
Re-reading the last update gives the promise of improvement and makes this an opportunity to top-up but if it turns out Don has been lying then I'll hunt him down.
"Despite this, the outlook for the coming financial year is positive. Q4 delivered the strongest revenues of the financial year, indicating that we are successfully rebuilding following the business remodel in the first half of the year. It has been a transitional year for the business - there was a bigger job to be done than anticipated due to larger volumes of stock available in the trade than reported, however we are now through the issues that this has caused in previous quarters, and trading well with direct customers. We are confident that we will continue to build on this success and begin to see the benefits of the remodel from Q1 FY23/24."
Yes, the 'subject' was 'Pboo' so not surprised to see it deleted.
My thinking is that UJO will continue to buy-back shares and hold them at least until they have matched the slightly controversial placing back in September 2021. At that point if we haven't identified a good use for them (acquisition or similar) I would expect we would consider cancelling them. In the meantime they are out of any voting or dividend calculations which is good enough for me. It's not really vast sums of money that would make a difference to whether or not we get involved in other creative initiatives.
AGM later this month so all shareholders have the option to vote for or against giving the board permissions for further share buy-backs.
I don't mind the buy-backs, it's one of the few perfectly safe ways of trying to create better value for shareholders. Keeping them in Treasury for the time being is also perfectly sensible.
Why are you wondering? Are you heavily invested here?
Can't really tell what the SP will do while we wait for the results in July with hopefully some news that the Appreciate acquisition has gone as expected. If the dividends remain in place (and no reason why they shouldn't), I expect the SP will jump quite a bit.
yup, we know the results for last year were bad due to the change of distributor and supply ****-up.. just hope don can cast a ray of sunshine on progress since then.. we could do with some detail and a bit of positivity on the new export markets and the ardgowan development.
Agree great results.
But to help the SP I think we need to go one step further with the dividend policy to give some certainty regarding returns to shareholders. Keep the 'after this and after that' stuff but then state that 50% of what's left will be returned to shareholders by way of regular dividend payments - 1/3 interim with the half-year and 2/3 final with the final accounts or maybe even a quarterly divi which would put UJO on a few more radars and stop us having to guess when and how much the next dividend might be.