The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Am I correct in thinking that the percentage ownership of EHL by BEL is relatively unimportant (although it would be nice to know). What is more important to BMN is the right of first refusal on supply of vanadium to Enerox? Essentially BMN is now supplying all vanadium to Enerox regardless of ownership percentage in EHL?
Am I correct in thinking that the percentage ownership of EHL by BEL is relatively unimportant (although it would be nice to know). What is more important to BMN is the right of first refusal on supply of vanadium to Enerox? Essentially BMN is now supplying all vanadium to Enerox regardless of ownership percentage in EHL?
As far as I can tell, the AIM market is pretty much unregulated based on the activity I’ve witnessed with this share over the last 4 years or so. And the FCA are seemingly unwilling or unable to do anything. Perhaps we should be encouraging people not to invest on any AIM companies - would a lack of any sort of activity (however improbable this might be) put the MM’s out of business and push small companies and start ups on to other trading platforms?
I think the daily trend of our share price is proof that we are being toyed with. Most shares seem to follow a trend or at least have some sort of logic behind the sp movements. BMN jumps up and down all over the place. Every. Single. Day.
Sanchez - apology accepted. I too am frustrated with the trolls. I haven’t trolled at any point though and it really shouldn’t require other people to vouch for my integrity in order for me not to be on the end of verbal abuse from groups of people on this board (not just you).
Anyway, let’s move on.
And again, just to provide some balance to my earlier posts, the tripling of sales to China that has been reported subsequently to the RNS is unbelievably good news that should have a material impact on the results for 2020.
@VauxhallViva - not all accountants are purely historically focussed. Forecasting and long range planning based on current trends is the largest part of my experience.
Onwards & upwards - GLA!
Pdub, you absolutely make some really good points, and there is indeed a lot of positive news in the RNS particularly around production guidance being sustained despite covid 19, and the fact that the company took the opportunity to bring forward the planned maintenance programme. I felt the need to support the point that moneymaker made and to correct a clear misunderstanding of some aspects of the RNS by certain members of the board.
I completely accept the positive points that you made. I hope that there is also an understanding of the points that I have made too.
Cheers & GLA.
Sanchez - did you not understand my posts? How exactly have I said anything to de ramp this? I simply provided a better understanding of the financials and the RNS that had clearly been misunderstood by Alfa and Pdub.
That the gain from the bargain purchase of Vanchem was $60.6m. And this contributed in large part to the positive results. Exactly the same point as moneymaker made and also got shot down for.
You seem to think that the gain from Vanchem acquisition was only $4.8m. It wasn’t. It was $60.6m.
Alfa, you are clearly very knowledgable about BMN and the chemical and engineering aspects of the business, but the aggressive attitude that you just demonstrated to me doesn’t really help your cause. I’ve made a valid point, I believe that moneymaker has also made a valid point. I have a lot of belief in BMN but please let’s be objective.
I think Moneymaker is making a valid point to a certain degree in that we should look at the underlying financials excluding the one off benefit of the Vanchem deal which seemingly added $60m to our results. Very easy to only quote the headline figure of $69m PAT but let’s look at things objectively.
As Pdub and others point out there is also plenty of good news in here related to production volumes and cost reduction too, but we do need evidence of BE revenue flow or an increase in vanadium prices in order to see a move upwards in underlying profit and SP in 2020.
I am an accountant with 20+years commercial experience and a LTH in BMN so please hold fire with any posts that claim I am trying to de-ramp this. Just aiming to provide an objective view.