Member Info for ForeverNever

Trading profit of 10m gbp when we are only just getting going again. Market cap 45m gbp with dividends going to be paid earlier than expected.

Lots of changes going on, online, closure of non profit shops and opening of new. No debt.

Not a Sexy tech share but with no debt ticks all the boxes, with a low p/e we have some excellent growth potential here

Great news. I guess when you have management owning over 50% they will perform.

Who are you referring to here? I assume it's your lonesome self as no one wants to go on holiday by themselves. Everyone I know is booking holidays and they are not holding back next year with more spending on their holidays to make up for lost time.

As for business. I'm flying again and most companies are allowing flights again. Video doesnt cut it in most circumstances we have all found out over the last couple of years.

All flights I have been on are pretty full, 85-95% capacity taken up.

However, the 50% discount is subject to a £110,000 cash cap per business.

https://www.google.com/amp/s/www.standard.co.uk/business/budget-2021-cap-on-business-rates-discount-makes-support-drop-in-the-ocean-for-large-firms-b962928.html%3famp

Been in here for several months now and very happy since the last report. Can see this increasing for sometime yet due to the cash it makes, well oiled business and dividend payments starting earlier than expected.

If only all my other covid recovery stocks performed as well...

Hi Leehardcastle: we will have to wait for the next update to see where we are but I will stand by my comments for the time being and not top up until we get the Interest rate down to 7% or the loan is renegotiated.

I also want to see the mine life extended in the short term.

For all those moaning about freight costs being the end of Boohoo.
Prices have already dropped dramatically, only in the last few days:

https://asia.nikkei.com/Spotlight/Caixin/Cost-of-shipping-between-China-and-U.S.-plunges

Can you please now get a grip of yourselves

What annoys me is because we are so undervalued we are losing some great British companies to overseas investors who buy them up at what are considered very cheap businesses compared to others around the world.

FTSE use to be the leader of the pack. I feel we have aged and now a drag. Such a shame.

I agree it's very undervalued but I cannot see the rerate really starting until they start on this 15% interest. They havent started it yet and its compounding!The principal plus capitalised interest balance owing by the Group under the Facility Agreement as at 30 June 2021 was US$42,410,937 (30 June 2020: US$70,818,508).So we should get this paid off in let's say 2 years which is great. But in the meantime we have: The New Mezzanine Facility interest rate will initially be 15% per annum, reducing to 7% per annum once the New Senior Debt has been fully repaid. The principal and accrued interest/fees balance owing by the Company to the Mezzanine Lenders as at 30 June 2021 was US$73,314,888 (30 June 2020: US$62,014,689).So this debt will have gone to:June 2022 84,320,000June 2023 97,000,000So we would have paid over 40mil of debt but had over 25m added to our debt due to compound Interest rates from the MezzanineThat's assuming the gold price stays within its range and we make progress with the next phase.I get they probably had little option at the time and had to take what they had on offer. I was just wondering whether I may have missed anything about whether these loans can likely be renegotiated now they are proving their gold production. It's a huge amount of work they are doing just to pay off interest and all whilst us shareholders get very little reward apart from some glimmer of hope in a few years time.Whilst I am bullish in the long term I just cannot see any material change in the SP until we start on the larger Mezzanine debt. Hence i have got a position but will not build until more until closer to the debt payment reducing.If i have got my sums wrong or am wrong in my assumption please let me know :)

Private equity group would love this. Give it two years tripple the value and then sell it on as a leaner, meaner more profitable brand Tom someone like LVMH.

The brands name alone i would imagine be worth a fortune. As the saying goes 'dont invest is good companies at great prices invest in great companies at good prices'

TED at these prices will see me well for a good couple of years

I have had a holding now for some time. I will only top up once we start to pay off the Mezzanine loan. It pains me to watch as the interest is adding so much value to the loan each year. The repayments we are making is providing some security buts it's coming down to slowly and it's amazing how many millions we would have paid out in interest alone over the next few years

Does anyone foresee this arrangement or the loan facility being renegotiated now we have had a good year of showing our gold productions ?

Stand on your head. You may understand more.

Sounds as if its won already!
If it has these SP levels will be a thing of the past. Honestly starting to feel RR. Is going to be one of my best long term investments

I just got back too.
Honestly never seen a busier cinema. Couldnt even get popcorn it was that busy so settled for some ice cream instead.

Felt so good to be back out again. Staff all said never experienced it as busy as it's been.

No way this is being kept below a pound after the next update.
Oh and may I say I cannot believe how expensive the cinema is now. 40gbp for two tickets..... that or I'm being a tight git???

Last year update was the 8th.
I'm predicting the RNS looking something like this

We would like to advise Shareholder that we are in the money
$$$$$$$$$$$$$$$$$$$$$$$$

-the end-

ST -
Agree with most of your points but really hope they stay away from further acquisitions in the near future. They need to concentrate on this one asset, get the numbers to prove they can do the job. The 5 million my guess will only keep them going for so long and from what I can tell they are not hitting their oz yet and have a huge wage bill.

Would we prefer them to come tapping the Share holders for 5m usd at 1pps or come for 5m when they have shown their worth and got the SP to 5p or more?

It all adds up in the long run.

They were 30p as the whole world shut down and in many peoples eyes the world was ending.

Just like many stocks they were battered.

This is not a zombie business, look at the dividends, they are make their own cards, resell in other shops and have a growing internet business.

This will never set the world alight but everyone buys cards and will continue buying cards. The management have continued onto the fact that they can upsell and thats working.

I dont understand how anyone can think things can get worse than what we have just gone through. I'm also sure once the debt issue has been determine this will start to gain ground.

Could you imagine if this update was filled with bad news?

I had to keep going back to the report today to see what I had missed and understand what I had got wrong.

I really think this is the best top up opp. Next report will show how well things have recovered IMO.

GLA

Some good points raised there Tovers.
I do think next results will be very upbeat. It is a shame about the debt they need to repay as I thought we would be given clarity on this as it's what is holding us back.

I'm not worried at all, with many other shares recovering well now from the pandemic I now have time to move more shares across to CARD for the inevitable re rate

Dont forget the results are to end of July which was a very different world to what we live in now even though it's only a few mo ths back. I personally think they can see the tills ringing at full capacity now and can see the repayment can be covered otherwise they would have just issued more shares and be done with it.