George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Exactly that - MBO have the tech & scalability whilst Super Apps have the capital. The deal in itself is worth c19P (cash 11p & retained 40% of disposal 8P) to MBO whilst adding £40m rev next year with little expenditure. Surprised to see that there hasn't been a huge re-rate as i see MBO knocking on the £100m+ mcap in the short-term.
Yes, Stuart & Brad both very impressive. I suppose the main takeaway is that Audioboom will continue to easily outperform the sector in 2023 (Sector growth expected to be 10% in the US despite headwinds) - they showed a slide which stripped out Morbid which outlines the strong incremental growth. Showcase is the big growth driver with gross margin now at 30%+ & volume surging.
Great to see strong growth in the high Gross Margin arms of the business (Showcase & Studios) & ultimately will see further strong EBITDA & Net cash growth. Perhaps the next question is what will they do with the rapidly growing bank balance?!
Most held on up to £3 as amongst the hysteria it seemed inconceivable bitcoin wouldn't hit $100k & Argo would be well above £5 - Fortunately i sold 70% of my holding between £1-£1.50 (Not entirely by choice) & would certainly be sick as a parrot if i held all the way down to today's level! The next 2 years will almost certainly be a bear market where every bounce & bit of hope is sold into...the net catalyst, as always, will be the 2024 halving.
'We secured 5 new customers in the period (H1 FY21: 1) which along with the existing account upsells delivered a combined £23k MRR as noted above and a further 4 new customers are contracted at the time of the issue of this report, delivering a further combined value of £17k MRR.'
If you appraise the company & you see it worth much more than £2-3M mcap then its cheap. Read the last few updates on increasing revenue, turning from EBITDA & cash flow negative to positive, high gross margins (80%+) etc Cash shell's float at £5m+ over NAV :D