Member Info for eshaitan

I think we will eventually. It still all needs to click.

The big advances in sales to the Middle East and China were nearly entirely negated by the 80pc drop in revenues in India last year What was the office there doing? The factory despite the huge investments has not achieved anywhere near the processed sales since Pisani went into administration. USA after several years has just collapsed into nothingless. They really need a big established distributor there.

On the plus side operating costs increased despite staff headcount increasing 20%. All staff hired were operational not administrative. Quarrying of 6000T this year is great with the caveat 4400T of that was in Prilep. Malisheve has yet to show it can ramp up.

H1 results in July will show a significantly better company. And another plus is they kept their promise and gave a concise 4 month update and cash balance at 30th April. It will be easy to see the run rate for the next 2 months and cash flow.

The operating loss was much higher than I expected, it ballooned in the 2nd half. Maybe you should email that to the company and see what reply you get!

Bad bits were India sales crashed, USA sales non existent but at least China, Middle east and Europe up. I think it would be fair to say they have no idea on future block sales if there is no consistency in sales by region. so it's pretty pointless saying they have orders for 16000T this year, it could be anything.

Questionable bits, they sold 7000m2 of processed marble all year but released an RNS in September 2018 for their interims saying they had orders for over 10000m2. Again it's pretty pointless releasing anything unless they have the cash up front. I topped up on a false prospectus.

Another dodgy bit is blaming lower revenues on quarrying problems. They quarried 13000T and sold 5000T. They have a huge surplus of everything but selene. Be honest its lack of orders as well.

Good bits. Their profit margin increased significantly in h2 to well over 40%, their highest ever. I expect that to keep increasing this year. Can't argue with the revenues in the first 4 month, a big increase but again if you can't trust the block sales to come through revenues in h1 could again be anything.

The temple thing they might as well have released god is now on our side in the RNS title. Its mainly interior work so if construction hasn't started I would expect sales this year to be zero for this project.

I will try and have a chat with Chris Gilbert on costs and trust by shareholders on the information they are still releasing. There are some good bits but this is outweighed by bad. Still targeting break even this year? With those costs 4..5 million in sales would be needed unless operating costs reduce.

Still staying positive!. Brandon Hill Capital expects at least break even CY2019 and revenues significantly above 3 million. Fox marble had to steer them to that information.

I still expect at least double h1 revenues last year which were only 615k. I'm also hoping the operating loss for full year 2018 is well under 2 million. If that happens just 3.5 million in sales would get the company to break even and operational gearing can kick in to generate some great profits.

There you go WHL

https://www.ukinvestorshow.com/videos/reach4entertainment-plc/

Impressive to watch isn't t? Every one of those blocks is worth 3000 euro's as bulk sales. Every block that get's delivered to the factory and processed is worth 10000 euro's to fox marble so it's good to see them regularly delivered.

I can't believe its June already. I would expect to see h1 initial results in July like last year so will they even bother doing a quarterly update and just release the full year results?

Same person, different account. Lanii kastrati. Update on Wednesday and last Saturday. I have enough shares as well, good idea to diversify. I think even if the final report was delayed they should have done a trading statement.

Completely separate.

More video footage and pictures on Facebook unvrkw from yesterday. More block being delivered to the factory. I’m guessing processed marble is doing rather well.

I also see on the same drivers posts there are pallets of tiles lined up outside the factory and ready to go. The tiles look like sivec and Selene. Plus quite a lot of Selene blocks piled up ready for processing outside the factory as well. I guess it all means nothing, revenues will be the only thing that matters but I think they are understating their progress this year. Fox tells us they were still just tidying up the malisheve quarry in March waiting to get to work. Their workers photos shows them moving blocks in the snow at the end of jan and extracting blocks mid February in bright sunshine and working in their t shirts. Definitely well ahead of last year even if the cold snap returned in March. The only think I can’t figure out is why I can’t find anything on prilep. I have no idea who works there. If you fancy a long drive maybe you can look it up for me unvrkw? I don’t have exact directions, but I’m sure you can figure it out from this.... https://www.stonespecialist.com/news/natural-engineered-stone-company-news/fox-marble-buys-out-dubai-partner-sivec-marble-quarry

Facebook. Posted on Saturday.

I see our favourite driver has resurfaced with another video unvrkw.

It's the best I have seen yet for showing inventory and the malisheva quarry from a distant perspective. From what I can see there is a substantial amount of selene to take away. It looks like they are cutting into the hill higher up to form more benches away from the main quarry but eventually they will have to take the whole hill away. Definitely harder than prilep to quarry just because of the gradient, but an impressive amount of inventory, and more going to the factory.

To be fair he did hold out a very long time, but out of pure self interest I hope so as well! I mentioned this a while ago, but this million quid in shares to buy the rights to malisheve may hit some trouble if the share price doesn’t recover. The share price agreed was over 10% higher than the current share price. We shall see.

Must be next week. I just topped up a few more shares. It’s inexplicable how the share price has dropped so much in the last month. So now we wait and see. Either they aren’t doing much and they bottled doing a presentation at the investor show because they had nothing to say or they are plodding along nicely. At this price I think it’s worth the risk.

I hate the waiting as well there must be something to say it isn’t a rocket science business. Going by their trading statement in 2018 they have cut out and extracted 3 and a 1/2 blocks per working day of the 8 months they can quarry , but going by their revenues only managed to sell about 2 of them. They need to extract and sell about 5 blocks per day to be profitable, less if the factory sales do well. By the 31st Dec last year they must have had at least 5000 tonnes of surplus marble blocks lying around at prilep and malisheve giving them a massive head start this year. That order of 400 tonnes in February would only have scratched the surface of their stock. As unvrkw said if they can’t make a success of it this year we are in big trouble!

We will see! I doubt they sold 6000 tonnes in the whole of 2018.....

We are meant to get quarterly updates now. The company won’t be announcing every sale but will do total tonnage of sales to their regular customer base. Realistically I think new customers will only be announced if they are taking marble from Prilep, as malesheve will have to go full steam just to meet existing orders. Prilep is likely to quarry the most marble this year so I hope other companies and developments want to buy alexandrian white and blue. Q1 they will be lucky to sell 1000tonnes of block marble plus processed marble from their factory. They probably should have announced this sooner but maybe they will tag it in to the full year final results statement this month. Q2’s trading statement should be combined with the h1 results in July. By that point I would want to see 6000tonne total block sales for the year so far. This company has such an appalling record of delivery I can understand your nervousness! News by the end of the month.

The 16000 tonnes was before the new sivec customer in Greece who will no doubt take more marble. On top of that there will be more new customers added this year, I’m relaxed that number could increase. Also on top of the 16000 tonnes the existing customers may also be cross sold marble from rahovec and syrigane where large amounts of marble is already stockpiled and doesn’t need to be quarried. The 2 dangers are the customers don’t take what they said they would or malisheve still can’t be expanded quickly enough. We will find out soon

Sometime this month for the final 2018 results but we already know they are awful at around 1.4 million in revenues. As for 2019 there isn’t too much they can say about the first 3 months unless the factory was flat out. The quarries were mostly shut. I’m feeling relaxed unvrkw. H1 this year will be far higher than last year. They don’t need to announce loads of new orders, they need to fulfill the ones they have announced for a change.

Soon no doubt. I hope the background sellers disappears soon. They might be onto something though, as whenever the full annual report is released the share price seems to drop. Even when the bad news on revenues has already been announced earlier in the year.

No problem guys I just had to refer to my notes. Not that they have given me any great insight, this company is taking longer to mature than I thought! But I’m staying patient and optimistic. Final results this week maybe Unvrkw? Are you still topping up or have you finished buying for now?