Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wealth- Even if they don't and up selling NA would that be such a bad think?
It will not in my opinion as revenue its increasing and as soon as margin recovers there will be enough cash flow left to manage the debt and pay some of it down as well.
They don't have an issue paying the interest as we speak and if margin recovers which it will IMO there will be cash left over to repay some of it.
I think with NA sale they are waiting for margin recovery so they don't have to sale at a cheap valuation which I think is the right think to do.
Once thinks recover they can get a better price and if they don't get a decent offer just keep it and pay down debt slowly.
Most of it its fixed debt so not a major issue short term.
Its the first decent update they had in 1.5 years.
Inflation messed everything up however is the beginning of the recovery cycle and we should see a lot of improvement in 2025.
If you have the patience to wait I think any shares at this price will give everyone a decent return.
A lot of new faces a day before the results.
When the consensus between all of you is "this cannot go lower as its priced in" the opposite happens from past experiences. At least 90% of the time anyway :D
To be honest Poker they did mentioned that they cannot do anything about the market view on how the company is progressing.
All I am saying is that communication could have been better and they also stated they are fully confident that is the right decision to reinstate a dividend just to take it away 6 months later.
Now anyone can make mistakes and I am glad they have stopped the dividend as that money can be used in a better way.
I made my peace with the fact that it will be long process. I just hope they are on the right path at the moment.
I am in for a few years unless there is a takeover in which case is nothing I can do about it.
I haven't sold a single share and kept adding and I am ready for Monday to.
This is just a debate for me.
I guess we will find out on Monday.It will be nice to actually see some official numbers instead of "it might be this or it might be that". We haven't had them in a while.
I think the guidance will matter more here and if the managements rhetoric is the same like last time then down we go.
I have watched the 1 hour long video 3 times in case I missed something and there was a complete disregard to shareholders or share price by that matter and should have picked on it then and move away for a while.
All I can do is learn from it for future.
No one is getting hysterical about anything.
Please read the whole thing "As noted above, at this late stage of the audit process a number of judgemental items remain to be agreed between the Group and its auditors which could affect the final outcomes for FY2023 (including the existence and extent of any prior year adjustment). In particular, the Group needs to fully assess and understand the impact of the revised indices on the financial results."
The results might be affected however not in a major way.
Right after this MINOR trading upgrade which only has a MINOR impact in the final EBIT number the sp drops from 92p sp 57p.
Now I know the market can overreact but still........
What I find a bit curious is that they have released a RNS with the date for the results just 2 days before poetic he set results.
I just find that a bit strange as there is usually a bigger time frame between the 2.