Member Info for f15jcm

I don't really care what Edwards are doing. Their position makes no difference to the fundamentals. I've been here for 5 years, I'm not looking for a day trade

As panda1 points out, H1 results forecast 150kt to be invoiced in FY22 , not to be confused with the 153kt of sales orders booked YTD from the Q3 sales update.

'The Company is maintaining its 2022 year-end sales target of 150,000 tonnes of KP Fértil'

I think many conflated the two (myself included) given the numbers are the same to two significant figures. Panda's interpretation makes sense as FY22 sales orders are clearly going to be well beyond 150kt as there's still 3 months of selling to be done :)

Purchase of plant and equipment (941,621)

If that's what we are talking about it was capitalised so won't affect gross margin at all or even net margin much

Says post June 2020 rather than by year end but I still agree with you

Actually, yes, I tend to agree with you. It does suggest 150kt will be invoiced by year end which is fantastic. Well spotted!

No guarantee the balance will invoice in H2 but the order book is growing and it provides good forward visibility. There will certainly be a H2 weighting in the full year numbers and with such a rich gross margin, we can expect to see an operational gearing effect upon net profits.

Yep, was the rationale for me adding this morning. I expect Brian to be doing some interviews and I think he'll communicate this to the market.

Yes, I was surprised by that also. Perhaps because they want to demonstrate the price per tonne is head north when they release the full year results

I like FNX a lot but don't hold myself. I've only bought in here quite recently. Management have talked of good contracts and operational gearing. Assuming they deliver on what they have spoken about, when the SP turns upward I expect a rerating might be quite swift. I held CER who aren't a completely dissimilar business and that certainly moved quickly when it got the wind in its sails

I've been short here since 1st August. Doing quite nicely :)
https://twitter.com/F15JCM/status/1554054807052292098

Given digital marketing spend is the easiest to track actual returns from it makes sense that it will be more resilient than other spending. BB has recurring revenue too. I've just added while spread is narrow

Just taken another 50k. Plenty of stock available

I'm back in below 45p. Buying this at book value or below is a bit of a no brainer IMO. There has been M&A in the sector with Arden getting taken out by INCE so a bid is not out of the question. Nice dividend of ~7.5% while I wait for the AIM market to improve.

I've taken 95k shares today. I think the market is starting to turn and I like this stock in particular

Yes but EAAS make a substantial part of their revenue essentially through switching services. Not much point switching if every supplier is at an identical price!

I've just sold out. If prices are fixed for business, I don't see how they can continue to make money by brokering deals

I sold out this morning. Costs outstripping revenue and only inline with very modest growth forecasts for this year. Better value on offer elsewhere. I like AGFX if others are looking for another financial services stock.

I strongly recommend the filter option

Brian was keen to say shareholders can vote with their feet. Do you have to attend the AGM in person to vote? It's held in Australia

Cheers Ben. Perhaps the customer take-up of the finance facility isn't so high? Otherwise we'd see lower receivables and more cash