Member Info for f15jcm

The recent trading update caught my attention. Can anyone point me in the direction of a research note? Thanks

Perhaps they should have hedged the debt package for FX movements but I suppose that would have brought risks of its own. I.e. the hedge could have been A$10m down and the offer of debt finance could have been withdrawn. Not trying to make excuses just a balanced argument. SO4 is certainly not the only company to get stung by FX this year. Rolls-Royce were royally shafted, likewise airlines with fuel costs.

I understand it to mean that the appeal was against uranium mining in general rather than against the only licence we haven't got (radioactivity licence), which is the only thing required to complete the puzzle (plus a little bit of extra cash).

This is the biggest cost. Looks like it has just been moved from bank finance to equity finance?

Can live with that

Don't forget that money raised through equity is money we aren't paying 9% interest on. You can always average down around or even below the placing price to avoid dilution.

I was always cautious around the CP, especially after investor relations didn't reply to my question about them in August. If Taurus hand over the money, that will be good enough for me.

I've added. The conditions precedent were what was holding the stock back. They have been addressed now. Assuming there isn't a massive cost overrun, I don't think the detail is overly relevant.

Good show from Numis this morning. Revenue from market making operations was up 299%!

If the tests were so good, why haven't they ordered some?

This is a potential banana skin: https://twitter.com/SkyNews/status/1335597653305024514

With Brexit coming to a head I decided to bank half my gains. I'd expect a deal to be beneficial to the shares. There is always the outside possibility that the clarity of no deal could be seen as a positive by the markets in general.

More M&A https://news.sky.com/story/estate-agency-deal-frenzy-grows-with-bid-approach-for-hunters-12150364

Hopefully give us another boost tomorrow.

Right on cue: https://www.lse.co.uk/rns/MRW/morrisons-to-waive-business-rates-relief-in-full-nwrgtwy4gitclat.html

Thanks. Good day yesterday, well in the money :)

Tesco this morning announced that they intend to repay all business rate relief. Morrisons and others will clearly follow suit. I don't agree with it, particularly in Wales where they were told which aisles they were allowed to have open. This changes the investment case for me. I've sold.

Might there be news on stamp duty in today's spending review? Shaes up 6% this morning and US institutions have been buying

Gas production in the Netherlands dropped 14% on last year despite it being noted that lockdown had no effect. Very much glossed over in the results (they were keen to point out a production increase in 2019). 2p reserves are largely unchanged.

Strong buy. The investment case isn't scuppered by a vaccine, quite the opposite. Things take off here when government support comes to an end, working capital demands increase and VAT becomes payable. I expect a lot of insolvencies next year.

CWD gets a potential takeover offer at a 72% premium and LSL shares are trading down. You couldn't make it up!