Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Back up.
BooHoo should look into nightclubs where they can sell and promote some of their brands. BooHoo nightclubs. A place for uni students and twentysomethings to party at. Post-Covid, of course. It needs to become more than just selling clothes.
Great result for us. Decisive action taken.
-- Record H1 revenues grew 28% to GBP38.8m (H1 2019: GBP30.4m)
-- Gross profit up 21% to GBP18.3m (H1 2019: GBP15.1m)
-- Gross profit margin of 47.3% (H1 2019: 49.8%)
-- Record H1 profit before tax up 28% to GBP13.3m (H1 2019: GBP10.4m)
-- Adjusted EBITDA* up 24% to GBP14.9m (H1 2019: GBP12.0m)
-- Earnings per share ("EPS") grew 25% to 8.5 pence (H1 2019: 6.8 pence)
-- Adjusted EPS ** up 22% to 8.9 pence (H1 2019: 7.3 pence)
-- Operating cash conversion of 114% (H1 2019: 109%) ***
-- Net cash and cash equivalents of GBP50.4m (H1 2019: GBP35.8m)
It's positive for Milton and the senior members of the company because they will get paid a lot more money for doing feck all. The SEC filings show that they have reached their milestones to get 750 million dollars by 2023. All they have to do now is to stay employed until April 2023. Milton has already cashed out a chunk. Who gives away 11% of the company for nothing? Something is very off here.
GM gets a $2 billion equity stake in $NKLA in exchange for in-kind considerations such as intellectual property licenses, engineering services, and access to existing GM part & components
GM puts up $0
2/ Furthermore, Nikola is obligated to exclusively purchase from GM all hydrogen fuel cell propulsion systems, including for Nikola's semi-trucks, on a cost-plus model
What about Nikola's own amazing fuel cell technology?
And the millions of dollars Nikola spent on Bosch R&D?
https://twitter.com/ajtourville/status/1303342046053371907
Nikola can't compete with Tesla, hence why they having to dilute their original plans by signing them away to legacy automakers. They can't scale their business on their own, which is what I thought was their original plan! Just seen Milton boast about 10billion dollar orders, orders which have no deposits. Vapourware indeed.
Nothing has changed for me, looking forward to results.
Last RNS:
Team17 Group PLC - Nottingham-headquartered video game development company - Seen strong sales in six months to June 30, with demand for back catalogue ahead of pre-Covid expectations. Team17 also seen increased playtime across its multi-player co-op and online games, which the company said has enhanced earnings. The company is also looking for a second studio location, as it has more games in development than at any point in its history.
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Looks like a positive trading statement coming on the 10th. They have a deal with Tencent, too.
PSmith the cocaine, then? :D