Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
There are also implications that the bidding process will be altered for efficiency as implied by this excerpt from the white paper...
"Streamlined procurement in Manchester. Following the 2012 reforms, re-tendering and re-procurement have become much more frequent to meet competition regulations, even when they are won repeatedly by the same organisation. In order to overcome this hurdle, the Local Government Association shifted the procurement window of a project on homelessness in Manchester from 3 to 7 years. The new re-procurement period allowed the organisation to retain staff, think longer term about the project and to consider innovative solutions that had been impossible before because of time constraints."
Those contracts won by totally in the past could be held with security for a much longer term.
Now now children... let it go.
The stock price will do whatever people are willing to buy or sell at... nothing more. Decreased demand in the stock is expected in a period of uncertainty and will continue to trend down until there is news that changes opinions. Worry about your own opinions and digest what Radium has said. For me, I see a nice buying opportunity coming up, hopefully around 20p if my expectations come true.
Radium, you're here to annoy stt1 right? Well you seem to be annoying everyone but him. Maybe you want to take a moment to think about what you're trying to acheive here.
I think you're making a big assumption to say that the gov would have to buy totally. I have no knowledge of how these contracts with the NHS are constructed. Maybe they can be reigned in without penalty? I don't know... but the facts I do know make such things worth the risk and I trust the management know what they're doing.
There is also no guarentee of new contracts but I will be content if they sustain the ones they have. For now it's a waiting game.
I could assume a few things, but my biggest gamble goes to Reservations for potential legal costs for malpractice actions. Such things are natural risks to the business and need to be scaled accordingly. However, they only materialise when **** happens….
But that’s a guess. I’m hoping for more visibility on it in future as mentioned by Wendy during the interim results
If you increase your liabilities beyond your income then you make a balancesheet loss while still generating cash…. but like she said on Q15 (mentioned earlier) will these liabilities actually materialise? Who knows….
They can easily afford the dividend which is around 0.5mil so I say…. meh, let the story unfold. There’s a lot to discover here.
It has nothing to do with VAT… Checkout Q15 https://www.investormeetcompany.com/investor/meeting/interim-results-for-the-six-months-ended-30-september-2020-1
So take this stat… year end they had cash 8.9 mil at +20% gain…. HY that balance was 12 mil where will it be a YE and what kind of multiple are we looking it?
Give 12 mil in cash and great ongoing contracts do you thing the business is expensive a 50mil?
I’m not telling you to invest here. In fact if you’re not interest in the business then please leave the board.
However, you maybe looking at the balancesheet in the wrong light. They’re carrying a very large amount in liabilities but they have zero debt. Recently reported losses are not cash losses. The question is… will the liabilities ever be realised or are they technically reported for a legal perspective.
Shrug for me, I have no idea… but look at who invests here and at the prices paid.
I also have to ask myself why mining operations are intersted in flexible solar panels?
My sensation is that the pannels are too pricey for general purpose installation and momentarily there’s a lack of projects that would have use for a flexible pannel. I doubt this situation will continue with the continuing race to install solar capacity.
What the company really needs is one very large sale that will help them acheive a lower price point / kwh but until that happens, I think an investment here is not low risk.
I can’t say I agree this white paper is good for totally and it is erroneous to say so… I also would not be buying totally at these prices given the current circumstances. It’s very likely there is a limbo period ahead until some clarity is provided.
On the other hand, the business is generation cash quickly. Maybe they can pickup some other opperations they can integrate at a good price during this period of uncertainty but otherwise balancesheet gains will be achieved based optimisation of operations and I think there’s plenty of room to acheive this.
I’m sitting on more than 100% gains and I’m not ready to sell any of it.
I think you're forgetting that Totally has earned a status of trusted partner that delivers on commitments.
I'm not here for future contracts and growth, although I firmly beleive that potential will remain when the whitepaper is officially published.
I believe there is a lot of value hidden here in this business where the real drag on the share price is in those liabities on the balancesheet where nobody is truely clear on what they are.
Thanks for your input... now move on please.