Member Info for EdwardSeaton

Is that the chap who jumped at 200?!

There was a trading update, and they said H1 profit world be 'very substantially ahead of full year 2021'.

Next week is interims, as it always is

Last man in before the world takes notice.

Anyone who is not in Bisichi needs to section themselves without delay.

This is a company that is about to announce it is trading on a 2022 p/e of 1, or less than 1.

Would anyone care to speculate on the interim results date? August 30th/31st?

It's a terrible business model. I bought a couple of pans from them before I realised where it was made (never fall for the 'designed in the UK' smoke).

If I had known where it was made, I would not have bought it. And now the handles have started to come loose.

Neither pro, nor the choice of cooks.

I disagree. With the correct leadership, these things can be overcome. They just lack the will.

All these companies that tossed their manufacturing capability to random Chinese outfits were insane.

FYI All these 'sells' today are actually 'buys'.

I bought 2000 yesterday at 270p.

The true prices are around 255p/270p today.

Irrespective, a spectacular bargain.

Fantastic research and knowledge, Tim.

I completely agree, and suspect current p/e is somewhat less than 1.

Has there ever been a cheaper share?

Anyone in a position to take this out who does not do so seriously needs to find another job.

This is textbook and simple.

Substantially profitable, property rich, significant cash.

Richards Bay export coal is up 283% from July 2021 to 2022.

You are genuinely expecting a straight line, Alfreddie?

Good to see 50000 bought by CEO today.

A company condemed for having a picture of a shed that is falling down on the front page of its website.

Maybe Monty888, but it was only in the balance sheet at £10.5m when it was sold, and you cannot possibly think that 2.2 acres of Battersea is only worth £10.5m, whatever it use?

I'm not suggesting the total retained property valuation of £290m is only 35% of true value, but I am suggesting it is substantially conservative.

I agree. This is as close to free (or less than free) money as you will ever find.

Current quote is 230/270
Current actual is 248/268

The actual spread is far less than the quoted spread.

If you look, some shares were sold today at 226p, even though 210p is still quoted.

I agree, Tim. Hence my crude calculations have assumed another period of zero profit from domestic coal - the variable being export coal.

That makes very good sense, and I'm sure you are correct. I suppose Ii should add that,my very rough calculation took no account of the price of SA domestic coal, which, while substantially lower, still follows the market.

The additional encouragement is that the news is full of stories of coal fired power stations being reactivated, while Russian coal is excluded. H1 end higher than it started.