Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
the vast majority of AVON shares are held by institutions and some of them will be forced to sell if shares are not in FTSE 250 going to be interesting next few weeks to see how it effects share price...
Welcome, this has had me fascinated last week and this, I could understand shareholders hating for my posts but just speaking my mind!! I don't see a quick recover short term, long term I m unsure but think theres more misery before any potential light at the end of the tunnel!!
I thought they said problems with american labour market and delays in supplies would last into FY 2022, if they said it will be ok this FY its a bit of a contradiction, very interesting to watch though!!
The thing with Avon is was priced on potential not current performance, and now potential and trust has taken a reality kick it always had a long way to fall!! I don't think it will be constant drops but think there will be lower lows personally!!
It boils my blood when companys pay fpor self hype if this is the case here theres far to many private investors are fooled by the Hype and lose alot of money over it. So loads of it in small oil companys and Malcys blog GGRRRRR..........
Ok sorry Andy but it could still mean they swing to a loss. I think theres going to be clouds over SO until they come to the market with concrete evidence they have resolved the issues, when that happens who knows
This was a well run company, they are going to make 17-18% less revenue this year and problems will persist into next financial year, they said short term costs were fixed and only made 5.9 million last year. I struggle to see how there going to not make a loss this year all things considered so best to wait untill november update before committing more money as if I m right can only see further falls when this news is announced. However you would like to think long term this could regain ground but nothing in life is a certainty!!
The lower revenue expectation combined with an adverse mix and short-term fixed overhead based means adjusted earnings margin guidance is expected to reduce to be between 17% to 18% for fiscal 2021, before recovering after.
For FY 2020 they made a 5.9 million loss, if costs are fixed like they say I would say theres a good chance they will swing to making a loss for 2021.
Apologies
If it’s high margine profits I don’t understand how the profit has been dropping of recent years when looking at the fundamentals, wouldn’t take much on last year for them to make a loss.??