Member Info for eshaitan

Atlantic coal making a comeback? That will be good for you. I’m not sure what updates they are give if they want to keep order amounts confidential. The Chinese tie up and the tile orders would normally have warranted an rns immediately. Inteeresting times we live in!

It’s all good fun. The exciting world of cyber defence!

Yes, averaged down and will reappraise in September.

Based on you finding out an existing shareholder dripping in funds short term eliminating the need for equity fundraising and also the tile orders.

If fox marble are winning contracts that size I can't see a problem with their business model. Selling over 10000m2 of tiles between end of April and End of June to 2 customers was pretty spectacular. I'm sure there will be other smaller customers so they exceeded their quarterly target for cut to size material. Its very disappointing for 4 months they didn't do much but I think that will be the last time that happens.

I may be wrong so I also put a chunk of my shares into cash. I'm going to be very boring now, no buying or selling, I'm going to hold for a couple of years and see what happens.

Sorry I will finish that. Retail sales were up overall because online sales increased but high street footfall dropped. Probably the drop overall is too much as this averages a pe of 17, but it’s hard to see where the growth is coming from unless Primark really ramps up. And if investors aren’t investing fir growth they certainly aren’t investing fur tyevdividend it’s too small.

Sugar as always has been a drag even though it only accounts for a small part of the business. Primark only works in busy footfall areas. Last month highlighted the dilemma in the news. Retails sales online was up

I think they cut slabs and stored them, but customers really wanted cut to size for their developments or tiles. Otherwise they would be fabricating marble onsite, it wouldn’t make much sense. H1 tells us really little, as you say the next 6 months to a year will. It’s tenpting to buy more I will think about it :)

Thanks for that. I didn’t think they were releasing specific prices to the market for that reason. If production and sales aren’t related those tile orders may show up in h2. On a pro rata that’s an additional 1.8 million for the year. Was there any mention of the Indian offtake agreement?

How did your conversation go unvrkw? I think Shailesh Patil might have a few questions as well. He is 30pc down on his 2 million pounds investment at 10.5p. That makes my paper loss feel much better!

https://m.youtube.com/watch?v=X3DkRhI9AhE Mike Read at his best, and just for fallingknife a mention of Midgard.

https://www.progressive-research.com/

and the research note/marketing document Mike Reed mentions in the vox intereview. Free to sign up.

My mistake they are assuming cash at .7 million at year end due to ongoing development costs of 0.5 million per year. I think this will largely be redundant soon I bet they acquire another business by the end of the financial year anyway.

This year the market hoped for 1 million profit, the company has now said this year profit will be between breakeven to a couple of hundred thousand. So if there was 900k on the bank at 31st March 2018 expect it to still be there or slightly increased at 31st march 2019. No need to dilute shareholders for day to day costs, only if they want to buy something.

Interestingly the FD said ebidta and cash flow were broadly similar so July they made money, but the company have a lot more to do, especially in increasing recurring revenues. If you listen to Mike Reed on Vox markets today there is a clear plan, he is very bullish, especially with 3 times the customers to sell to since acquiring First base.

Forescasts for this year are revenues of 7 million and a small profit. Next year 9.5 revenues and a million profit.

Why are they selling? A profit warning is never well received, especially when forecasts have not been met yet again. Some people have lost all trust in the board, don't think they will meet their revised forecasts and see better opportunities elsewhere.

I'm holding. If the cyber market is still increasing at 18pc a year then all boats should rise. For what it's worth a certain share tipster who seems to cause a lot of angst of these boards thinks if they hit their revised forecasts this will double in 12 months.

See you for the interims.

It was widely assumed Bladen was pushed out by the rest of the board, regardless of the denials. Agreed cash is very tight but I think Mike Reed has done the right thing with the acquisitions and growing revenues. It just wasn’t happening fast organically. They would be in a worse place without him at the helm, so I look at the one off cost of 105k as a necessary evil. There is still cash burn but it must be fairly minimal by now,but they still need more revenues, and more scale. I wouldn’t be surprised to see more acquisitions announced soon funded by an even lower share placing. Again a necessary evil. If they had announced positive cashflow for July and not ebidta today would have been a different story. I think they are just a few largish contracts from doing that. first base was was generating profits of 600k a year at acquisition and still growing and Will offset some of falanxs existing losses. H1’s results will be illuminating when they are released.

I have enough but it’s back down my average. I think you have bought well though!

But the market doesn’t like it much!

It’s a bullish forward looking statement. Recurring revenues are increasing well. Growth is not stellar for 2017 but the acquisitions will help plus the contracts announced since then, so this years revenues will be significantly above the 6 million pro forms revenues. Ebidta profit all very well. What’s the forecast for pretax profit for this year and cash generation? I’m happy with the rns. I do rate the board highly, I can see them building something big here.

True. All the portents should be auspicious, however I still remember the interims last November that showed a drop of revenue half on half. And the sharp share drop afterwards.

Costs should be coming down, plenty of contracts have been won, but it’s alwats impossible to tell how many have stopped and not been renewed.

Saying that I have quite a big position here, although not as large as yours pearo. Fingers crossed for tomorrow.

All depends on the forward looking statement I think. Last year was a bit underwhelming. Hopefully the acquisitions will give falanx critical mass, they weren’t getting anywhere fast by growing organically.

Great word though!

I take it this main picture is their showroom in Wembley?

https://www.foxmarble.net/contact-us/

Sound like a good strategy, I looked at ezh a few times, its doing well.

The plan was for fox to b the best of both worlds. Dividend and capital gain, but yes definitely will have to stick to the dividend heavy ftse shares or asx shares in the future.

Good luck with the call. If he says the tiles will be recorded in h2 let me know!

I will have a look, thanks. I have approximately 630000, so about 0.3pc of the company, less than you and my average is 9.01p. I have taken some money off the table with some shares. I have falanx, fox, bt and amryt left. The plan is to cash out some more as and when I reach my target prices. Hopefully get a free ride with my fox marble shares and a bit of cash, we will see. At this price it’s very tempting to buy more. If those tile orders were not recorded as revenue, the loan notes and cash burn were just ramping up of orders and short term cash outflows and they should be trading profitably. That’s the problem with fox you never really know. Big gaping questions in the rns.