Member Info for Freedom4Uall

New CFO appointed

Ex Dividend Date 26/06

Payment Date 14/07

0.70p

Thanks Moneyman, Mike and Huxl, much appreciated.

Four year period 24 -21 on SCF under CFIA 476m spent on additions to ppe, and on the SFP ppe has increased by 404m, if we remove 186m Karo spend from both figures we have 308m and 236m respectively, of the 308m ppe spend ( expense kept off income statement) only 72m has been depreciated ( expensed on income statement). A book called financial shenanigans highlights measures to boost pfp and one is via over capexing and under depreciating. Haven't analysed many miners to know whether these specific ones here are out of the ordinary, but I'd like to point them out. Also what's the deal with the 80m provision this seems unordinary and very very high.

Thankyou very much Hxulcolrdoh and Mike.

Hi Guys given how companies can significantly over capex and significantly under depreciate resulting in inflated profit figure what are your thoughts on the fact that Tharisa has spent 476m during period FY 24 to 21, on additions to PPE (CFIA) and have only depreciated 72m resulting in a PPE increase on SFP of 404m, potentially keeping a significant figure unexpenced thus significantly boosting profit.

Can somebody remind me of what Tharisa has spent on Karo so far and where on the statement of cash flow's are the Karo share acquisitions ( there not there) and are they instead listed under additions to PPE( which they shouldn't be)?

Looking forward to good results and good dividend, and share price 2000p in the future.

Ukrainian government makes bogus claim

We means all shareholders

Good to see

Hi Huxl, are you invested here, see you on the Tharisa chat alot.

The money for the shares is going to the mine build out is it not? Tharisa's current market cap is irrelevant, for example if Tharisa's current market cap was £200m and a new mine build out cost £400m and Tharisa contributes to the majority of it so what? Yes Medway are on both sides of the equation but as they own around 50% of Tharisa that percentage of Tharisa's cash belongs to them. I think Karo mine project is a risk current PGM prices do not provide economic viability but of course prices change and it may well pay off. Given this i do think everyone should scrutinize all that is ongoing but not over generalise.

The funds that have been used in acquiring Karo shares, where would this appear on the statement of cash flow and how does it appear on the balance sheet given that Tharisa effectively control Karo. Also can someone explain this years massive cash outflow under investing activities, additions to property plant and equipment of 194m relative to 70m and 105m for previous years, thoughts on improper capitalisation of operating expenses?

Can anyone explain the discrepancy between the cash and cash equivalents on the statement of cash flow and statement of financial position , 35.1m and 78m respectively and additionally does anybody have any comments on the growing trade and payables balance and the fairly new financing activities, namely payments and receipts relating to supplier financing .

Hello Huxl the 20m for 1.22% and the 144m spent so far to acquire 76.22% , has this money gone directly to Karo and will be used solely to develop the mine. The 204 m you expect Tharisa to spend to acquire 80% will this be their total contribution to the development of the Karo mine? I also noted that cash flows from investing activities, additions to property plant and equipment was 194m which is significantly above prior years, 70m, 105m and 106m for FY23/22 and 21 respectively, any comments on this .

The company has over the years consistently raised equity and as for the latest raise it is either that or borrowing which has additional costs, the placing is not too fill a loss or pay a debt but is to expand the business. What are your opinions?

The budget was 10 days ago so the sp falling today if due to the NI contribution Rise it makes no sense nor does it make sense to blame the fall on Trumps tariffs .

TRT World exclusive Ukraine willing to cede terrority for peace.

For the period 2017-2023 average annual EPS was 23.6p/ PAT 53m. The poor but still profitable performance in 2024 lowered the SP and created a good buying opportunity. The business is well run and the boards competence is demonstrated by YOY Rev growth throughout the period 2017-2024, consistent profitability and dividend payments, finances are also well managed with practically no net debt excluding lease liabilities. The nation's dominant motor servicing provider is positioned to perform well and could be a good acquisition for Americas leading motor servicing provider.