The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It appears collective west will soon sanction Rusdian diamonds, may push up diamond prices and benefit Gem, in relation to SP entire market is down and we are just moving with the tide, analyst's suggest profit is high in relation to mcap and operating costs are moving down.
Analyst's suggest 20% fall on on FY rns.
What is the karo Zimbabwe pgm mine expected to produce annually,are we to see first production in H124 and what are the outstanding costs to complete the mine?
Anyone aware of current net cash position and any estimates for net cash position over coming years.
WHY IS NET DEBT FORECAST TO BE £50M 2024 AND £100M 2025? ACCORDING TO MARKET SCREENER.
Takeover strategy, hostile takeover Marstons at 600m, pay off borrowings of 1.6b = upfront cost of 2.2b. Sell interest in associate at discount for 200m and use to pay off trade and payables 200m. End up with 1.68b of freehold land and buildings asset, 290m lease hold land and building and 135m in fixtures fitting and equipment = 2.1b. The business now makes around 125m profit pa as no finance cost, run business for 4 years, bank 500m profit ,then break up the business, sell off the assets at 25% premium, recover 2.6b plus 500m = 3.1 b on initial investment of 2.2b netting good profit in a 4 year period. We can consider assets sold at current book value or at a premium but this strategy appears viable and profitable. Opinions
Was anyone expecting negative underlying EPS for H1? Underlying finance costs up 10% , there was alot of buying from Institutions over the past year and felt it was indicative of a takeover, so entered at 35p, but hoping for a takeover is nothing more than a hope, high debt and costs of that debt are suffocating the business, opinions.
Your welcome Raxfactor
I can read it now
Interesting comment from MF Weekly with their view of the pgm market pt,rh and pd all being in deficit but prices dropping except for pt.
Regardless of their opinion if the metals are in deficit I would expect some stability rather than volatility.
Deficits for all three metals in 2023 Metals Focus expects platinum to record a far steeper deficit in 2023, which will be its deepest in our series. Palladium’s deficit is also forecast to widen, while rhodium will end two years of surplus. For all three metals, this reflects improving automotive demand, as supply chain frictions ease. A lack of supply-side growth is another key factor. Mine supply in both South Africa and Russia will face their own respective challenges, while recycling will remain under pressure.
“In spite of these deficits, investors and market participants are acutely aware of the longer term headwinds that automotive offtake is bound to face as a result of electrification, especially for palladium and rhodium” commented Wilma Swarts, Metals Focus’ Director of PGMs.
“Additionally, many OEMs are still overstocked or partially hedged.“ Demand gains and investor interest support platinum prices Metals Focus expects the Fed to hold interest rates steady for the rest of 2023. This, in turn, means that key driver of recent rallies in precious metals prices during 2023-to-date are likely to dissipate in the months to come. “We see strong price support stemming from platinum’s deepening deficit and solid long-term fundamentals. However, platinum’s closer link to gold will limit its upside, once that metal comes under pressure as markets come to accept the lack of rate cuts“ noted Wilma. “For these reasons, we forecast a 7% rise in the annual average price to $1,030 for platinum.”
Even with a deeper deficit in 2023, Metals Focus cautions that palladium’s price weakness will persist. “Palladium’s weaker long-term demand outlook, owing to substitution and electrification, will weigh on investor confidence,“ Wilma commented. “We expect the average price to drop by 28% to a five-year low of $1,520 in 2023.” “Like palladium, rhodium supply-demand outlook concerns will impact its price.” Wilma added, “In addition, high stocks held by automakers and selling by glass manufacturers will undermine rhodium offtake. This leads us to forecast an annual average of $9,000, down 42% year-on-year.”
Is there anything preventing a hostile takeover at 75p?
Thankyou Mike1959
Why hasn't Q1 been released yet?
Sorry wrong sharechat
Why hasn't Q1 been released yet?
H1 2021 Revenue 314 , Profit before tax 104, Unsure of Net profit after tax 75? Dividend 4 cents,
H1 2022 Rev 334, PBT 124, NPAT 101, Div 3c.
H1 2023 Rev likely just under H1 22, unsure of PBT and NPAT ,but do not believe it will be lower than H1 21, i do not think the dividend will be lower than 3c, separately i predict net asset growth for FY at around 130m putting Net assets at 750m, hopeful to see 1 BN by 2025.
"We'll be friends forever Pooh won't we "asked Piglet,," even longer "replied Pooh.
Expected interim dividend?
Marstons is currently valued at 233m, but the board received a 690m offer in 2021. From the period May 2022 to now i have noticed significant position building from numerous institutions. Covid is over and good profitability is forecast for the foreseeable future, the board rejected the previous offer and the issue I have is no one on the board is a significant shareholder, thus it could be fair to say the interest's of the board are not aligned with shareholders. I would welcome a hostile takeover as the board is failing to bring value to shareholders, institutions would vote in favour of a good offer and so should we.
Net debt forecast 100m by 2025, i do not understand why, because of this one cannot buy here, any explanation?
Any numbers on the hedged electricity and gas costs and how do these numbers compare to 2019 gas and electricity costs? Hedging is good but you can also end up paying more if prices fall, so im wondering if they hedged at a good level, opinions please .