Member Info for f15jcm

Does the relationship with the bank effectively mark an end to 'harvest terms' and a move to cash with order?

Interesting post, Slift. In hindsight, do you think they could have secured offtake before they completed the mine? I know the product is/was something of an unknown quantity but that didn't stop Sirius Minerals.

Detail on test results but nothing on the likelihood of orders as a result of them. Hard to conclude anything other than there aren't going to be any.

Looks awful but you need to put in the context of the trading update provided end of September. Most of the sales to date were made after H1

o Q1 CY2020 sold 3,334 tonnes, representing an increase on the 3,000 tonnes target

o Q2 CY2020 sold 6,525 tonnes compared to the 14,400 tonnes target

o Q3 CY2020 sold 27,577 tonnes against the 30,600 tonnes target

Added more this week. I think an acquisition must be near on the horizon. I'd hope/expect it to trigger a rerate.

I think that MRW stacks up as an attractive low risk/medium reward (and yield) investment without Amazon's involvement. The potential for a takeover only increases the potential upside. I may be tempting fate but with the share price underpinned almost entirely by net tangible assets, I really don't see much downside. Reduced travel will continue to dent fuel sales over the coming months but I see a healthy proportion of money that would ordinarily be spent in bars and restaurants making its way into supermarket tills.

£2m underlying H1 profit against a £26m mcap. Not much above book value. Fixed costs reduced. Looks good to me.

Plodding along at best. Profits down a bit, margins down a bit more.

I closed my short a couple of weeks ago out of boredom for a tiny profit but I saw the spike today and opened the position again. After a dividend cut and CEO resignation I wouldn't be a comfortable holder but we shouldn't have long to find out.

Beneficiary of a weak pound, too

I've sold. More than doubled my money. I'm struggling with the valuation. Yes all the headline numbers look great and it's clearly a great sector to be in but there's no getting away from the fact that it's not really making any money and LFL revenues are only up 6.9%. Potentially a very bright future but most of that seems to be in the price.

Added on this afternoon's weakness. As for a catalyst, I'm expecting a 'strong buy' recommendation from Simon Thompson either before or shortly after the interim results expected this week or next.

Heathrow evaluating (presumably) competing options: https://www.independent.co.uk/news/health/coronavirus-test-heathrow-airport-travel-trial-quarantine-countries-screen-a9694981.html

Great insight from an estate agent I follow on twitter: https://twitter.com/Space_Robot1/status/1296164991616331780

Loads of good press but the shares are almost unmoved! LSL is a very thinly traded stock.
https://www.cityam.com/housing-market-mini-boom-accelerates-as-buying-substitutes-summer-holidays/

I added yesterday afternoon :)

Took advantage of the pullback today and doubled my position

One of the first stocks I bought, nearly 3 years ago now. Been a real dog but things starting to look up. Hopefully my patience will be rewarded.

Adjusted EPS of 9.4p requires a bit of faith in the adjustments but in a covid affected H1 that looks like a very good result (better than last year). No damage to the balance sheet and the liquidity position looks more than adequate. With some pent up demand in the UK housing market and a tailwind from the cut in stamp duty I think this stock looks like excellent value @ ~200p. I think it highly likely the dividend will return come the full year results.

They should have probably suspended the dividend. A 2nd wave may or may not happen but best to err on the side of caution IMO. Cash makes life easier.