George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
WoW just WoW - 90, 75, 35 millions of BUYS!
28-Mar-24 14:35:37 0.17 75,000,000 Buy* 0.165 0.175 127.50k O
28-Mar-24 14:15:28 0.1702 35,000,000 Buy* 0.165 0.175 59.57k O
28-Mar-24 14:15:22 0.1702 90,000,000 Buy* 0.165 0.175 153.18k O
Itsarm plc
Cancellation of Shares to trading on AIM
Itsarm plc (the "Company") announces the cancellation of admission of its ordinary shares to trading on AIM, pursuant to AIM Rule 41 ("Cancellation"). Cancellation will become effective at 7:00 a.m. on 2 April 2024.
The Cancellation follows the Company's announcement "Suspension from trading and corporate and financial reporting update" on 27 September 2023. Unfortunately it has not been possible to conclude a qualifying AIM Rule 14 (reverse takeover) transaction.
Upon the Cancellation becoming effective, Zeus Capital will cease to be nominated adviser to the Company pursuant to the AIM Rules, however the Company will remain subject to the Takeover Code.
The board of directors will now commence the process of winding up the Company.
Just added another 2 million
I belive your confusing with your CMRS pump and dump stock. lol
I've been invested in this stock since 0.11 and added to my position this morning. With a strong team and consistent positive news, I believe this company has considerable growth potential. A £50 million valuation seems reasonable after the JV news this monring, and even 100 million may be on the conservative side.
This was trading over 0.39p a few months ago without this JV deal.
All I can say is there seems to be significant accumulation of these shares.
There's potential for substantial returns here. DYOR
Compoundinterest, Here is the link:
https://www.proactiveinvestors.co.uk/companies/news/1044141/vanquis-banking-group-upgraded-but-risks-remain-says-investment-bank-1044141.html
Panmure Gordon has reversed its November downgrade of Vanquis Banking Group PLC (LSE:VANQ) on the back of the lender's prelims.
It has moved 'buy' from 'hold' on shares in the credit cards and loans group, which it values at 75p - around a third more than the stock is worth today at 56p (up 8.5%).
"What is more important by far is the company’s objective of getting back to earning a mid-teens RoTE [return on tangible equity] by 2026," said Panmure in a note to clients.
"We believe that this equates to a business making around £100m of adjusted PBT [profit before tax] and close to 30p of adjusted earnings per share.
Trading Suspended: Shares of CAP-XX Limited (CPX on the London Stock Exchange) have been temporarily suspended from trading.
Reason: The suspension is due to a "deterioration in settlement performance". In simpler terms, this means multiple trades of CAP-XX shares have not been completed with the transfer of shares and money as expected.
Rule Violation: Member firms of the London Stock Exchange have a legal obligation to ensure trades are settled on time. Issues are occurring likely because either investors or other parties in the trading chain are failing to meet their side of the bargain.
Continuing Settlements: Even with the suspension, any investors who already initiated trades that are "stuck" can still proceed to finalize them.
Restoration of Trading: The London Stock Exchange is monitoring the situation to determine when it's appropriate to lift the suspension. Investors will be notified officially when trading can resume.
What This Means for Investors
You Can't Buy or Sell Right Now: If you were looking to buy or sell CAP-XX stock, this is not possible while the suspension is in effect.
Existing Trades May Be Delayed: If you are in the middle of a trade of CAP-XX shares, it could be delayed until this issue resolves. It still can be completed, but the timeframe is uncertain.
Underlying Problems: This suspension points to potential instability either within CAP-XX Limited or among investors who frequently trade the stock. This could be a sign for caution even after the suspension is resolved.
✔️ Strategic update: The company's strong capital position and access to retail funding provide a base for expansion
1. Focus on the Underserved Market
✅Target Customers: Identified 23 million potential customers within the "under financial pressure" and "stretched but managing" categories.
✅ Market Opportunity: £2 billion (and increasing) credit deficit in their target market represents a significant growth opportunity.
2. Diversified Customer Proposition
✅ Addressing Core Needs: The strategy focuses on three fundamental needs of their target customers:
Help with healthy borrowing practices.
Control over everyday spending.
Building a financial safety net.
3. Expanding Distribution
✅ New Partnerships: Collaboration with H&T Pawnbrokers to reach customers who may not qualify for traditional credit sources.
4. Technology at the Core
✅ Ongoing Transformation: Technology transformation program is progressing as planned, promising long-term benefits.
✅ Leveraging Snoop: Integration of the Snoop acquisition will bring fintech expertise, data insights, and a new platform for customer engagement, product development, and distribution opportunities.
5. Enhanced Risk Management
✅ Improved data and modeling: Focus on "not yet" options to offer tailored solutions, potentially reducing impairment levels.
6. Driving Operational Efficiency
✅ Cost Reduction Initiatives: Completing offshoring, strategizing debt sales, improving collections approach, and driving technology transformation will lead to increased efficiency.
7. Leveraging Existing Strengths
✅ Capital and Liquidity: The company's strong capital position and access to retail funding provide a base for expansion.
Overall Assessment
The updated strategy paints a picture of a company pivoting towards a more customer-centric and data-driven business model. Their focus on an underserved market, expanded offerings, and technology upgrades aims to deliver sustainable growth and improved profitability.
Key Takeaways
Vanquis's strategy places social responsibility at its core by serving the financially vulnerable.
Growth will be driven by meeting specific user needs, not just product expansion.
The company intends to innovate while maximizing efficiency and managing risk.
Significant turnaround!
✅ 1. Rapid Improvement in Second Half:
Loss to Profit: The company turned a significant adjusted loss before tax in the first half of 2023 (H1) into an adjusted profit before tax in the second half (H2). This demonstrates the effectiveness of the new management team's actions.
Statutory Results: Even accounting for one-time items, the H1 statutory loss turned into a statutory profit in H2.
✅ 2. Key Drivers of Improvement:
✅ Controlled Growth: Management slowed the growth of net receivables (money owed by customers) to focus on more profitable lending.
✅ Repricing Strategy: Increased interest rates on vehicle finance and credit cards to align with the market, while protecting vulnerable customers.
✅ Provision Releases: Non-repeatable £74.5m release of money set aside for bad debts (IFRS 9 recalibration) boosted the bottom line. This isn't guaranteed to happen every year.
✅ Cost Cutting: Removal of 350+ roles simplified the operating model and will lead to long-term cost savings of approximately £60m.
✅ 3. Other Notable Points
✅ Net Interest Margin: Stabilised in the second half, which is positive in an environment of rising interest rates.
Impairments: Increased compared to 2022 due to a combination of factors. However, the company emphasizes that the underlying quality of their loan book remains stable.
✅ Capital Position: Maintained a strong Common Equity Tier 1 (CET1) ratio of 20.5%, indicating financial resilience.
Overall Assessment:
The new management team's actions have led to a significant turnaround in the company's performance in the second half of 2023. While some of the improvement is due to non-repeatable factors, their focus on strategic growth, cost management, and re-pricing bodes well for the future.
Pompal, no worries at all. Sometimes it's best to avoid arguing with random people on chat boards. Life's too short to waste on negative energy. Let's focus on making money and keeping our conversations respectful.
CEO Stuart Simms resigned back in mid-2022, and he held an average of 45p. He has over 2 million shares.
23-Sep-21 23-Sep-21 Buy Stuart Simms 51.40 GBX 27,110 1,032,083
18-Mar-21 18-Mar-21 Placing Stuart Simms 40.00 GBX 125,000 1,004,973
Pompal, if you've sold out, then that's your investment decision.
I bought for a reason and I have done my own research before investing, and I'm not interested in your advice.
Stop posting when you've sold out. Make sure to post your brilliant advice on your invested share board.
Goodbye!
XLMedia's 2022 revenue was £19M (Europe) + £45M (North America) = £64M
Xlmedia sold of Europe operation for $42 million, so how much is North America is worth?
Nearly $100 million
We should be valued around $120 million currently but the price correction is bound to happen very soon.
$20 million cash hitting the bank on next Monday 1st of April 2024.
Current Mkt cap £32.63M 🙄