Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So looks like we have cleared a seller but still risen. Is there still some buying power left?
Hi testpack. If currency movements had that much of a bearing on revenues I would have expected a comment to that effect. I have owned this stock on and off (mainly on) for a few years. Sadly I agree that the steam has run out. I remember the half year statement saying something like the higher auac in first half will be made worth while by increases revs in rest of year. Now that has proven not be the case it confirmed that is was time to sell. I too am flat on this stock but will continue to follow.
RNS in full . . . The Group is pleased to report that good progress is being made in the year to date. Turnover in the first four months improved by 18% and pretax profits were 14% higher compared to the same period last year, reflecting the investment programme and favorable currency movements. Overall, the photobooth and laundry businesses are performing well. PMI has successfully rolled out the ANTS upgrade of all photobooths in France to enable the transmission of data directly from the point of capture to the administration databases. The Laundry business has made significant progress with turnover increasing by 192% in the first four months compared with the same period last year, due to both the increased number of machines and revenue per machine. The Group is now accelerating its expansion in the town centres through the roll-out of its new laundry shops concept, in particular in France, Belgium and Spain. The Group also currently expects the recently announced acquisition of the Asda units to be completing around the end of this month. The Group's cash generation remains very strong, trending ahead of last year's performance and this continues to support our progressive dividend policy. The Board remains confident in the business performance for the year and a further update on trading and outlook will be provided at the time of Photo-Me's half-year results announcement in December 2016.
Hi robins, lets wait and see who took up the placing. My hunch is that it will in large part have been taken up by the funds now represented on the board. Would make sense that they would want this to take place at a very advantageous price for their funds.
So we look to have another leg up here which i have been waiting for for a short while. My thoughts are that the GBP/USD findning a new low is a big influence as the results post brexit stressed how much benefit BUR saw from the lower rate. this even lower rate will mean financing the 100m bond will get even cheaper (amongst other benefits I and sonofelvis have listed below i am sure). Also I read in yesterdays Times that BUR have incorporated "Burford Law". A company that will enforce judgements primarily for their litigitation clients initially, but i am sure as time goes on will take on other clients. Having been to the Burford capital markets day I recall this was a small department that they were looking to expand after a successful acquisition of a small judgement enforcement company. very exciting developments!
at the end of the day they cahsed out in one hit of £100m combined. they were always going to have to make it worthwhile for anynoe looking to take a big chunk of stock. i see this as prime top up time and i have done already this morning. PLUS500 always respond to knockbacks by steadily plugging away in the background. no change in performance, just owners looking to pull out some of theior hard earned ££$$££$$. they wtill own 22% between the 5 directors. thats still pretty high!
Really good set of results. All metrics looking strong and have good momentum. having read the complete releaase this morning I am impressed with their plans fro growth in each of their markets too. Financial highlights -- Revenue growth of 7% to A$252.3 million (2015: A$235.9 million) for the full year with an accelerating trend in H2 (+10%) -- Strong gross profit growth of 21%, driven by 300bp margin improvement to 26.4%, also accelerating through the year -- Performance building well in the target growth territories: o South-East Asia(1) 20% revenue growth; gross profit +117% o United Kingdom 139% revenue growth; gross profit +133% -- Total overheads reduced, in line with plan, to 24% of revenue (2015: 27%) -- Operational leverage driving underlying EBITDA(2) up to A$5.5 million (2015: EBITDA loss -A$9.5 million) -- Strong balance sheet with cash balance of A$34.0 million -- The good trading momentum has continued - performance above expectations so far in the current year Operational highlights -- Focus on improving gross margins and activating customers with higher lifetime-value o Average order value increased 20% to A$90 (2015: A$75) o Average revenue per active customer increased 9% to A$302 (2015: A$276) -- Further growth in mobile which now represents 58% of orders (2015: 56%) with over 6.7 million mobile apps downloaded -- Active customer numbers returned to growth in H2 -- Returns rate remains at industry leading levels of only 5% -- Increase in sales from own-buy inventory to circa 15% (2015: 10%) in-line with strategic plan to grow gross margin -- Technology improvements including; enhanced search functionality across the platform to drive customer engagement; and more efficient logistics to reduce unit costs -- Acquisition of an Australian online retail business was integrated prior to the year end and anticipated to drive marketplace revenues in current and future years. -- After the year end, a partnership with Sports Direct has been launched in Australia.
Thanks HC. An interesting video. Clearly they are incredibly cautious in everything they do so i am sure that they will only buy Lanco stations at an attractive price. Interestingly he said Q1 revenues were �50m they are ramped up to full 750MW. Still not invested here but waiting in the wings!
results for the year ended 30 June 2016 on Wednesday 28 September 2016. what are peoples expectations?