Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
"Its financial year so far has seen sales remain flat in both Waitrose and John Lewis."
If Debenhams reports flat trading I'll be well pleased. Lets face it we have all been led to believe that sales on the high street have crashed. These figures provide a glimmer of hope, lets hope Next surprise on the up side tomorrow.
I wouldn't say mixed. The company have spent a fortune and got nowhere. They have very little money left, make a loss and are missing their own production targets by a mile. I think bloody awful would be nearer the mark!
I might be wrong, but I thought nearly all the money was gone - only $2.5 million dollars in the bank at the end of June. Also $41 million of the $ 45 million provided by Oil India for future work had also been spent. I'm sad to say it looks like loans or a RI. With the price of oil looking low for a long time yet I can't see any other way forward - believe me I wish I could.
I'm in at just over 4p so would like to be confident, but at the moment we are not making any profit, have little or no cash and the oil price keeps dropping. There doesn't seem to be any improvement in sight so why would anyone buy into a company that is already valued at £22 million. Even with the SP at this level it might be time to sell.
Anyone know for sure if the results are due out this week or next?
I bought 50,000 about 6 or 7 months ago at 28p so not much in front at the moment. However, long-term - I know it's wrong to think long-term on most AIM stocks - I think this could be a little gem. If either R2S takes off or there's some good news from LOGP it's surely well under valued with a mcap of £18 million. Short-term I dare say it may bounce around a little, but I think I'll stick with them for now.
Beginning to look like my money invested here at 70p could have been better spent!
Just hope the R-103 well frac is a sucess, if it is I can see this SP over £1 easily - if not back to 50p. Should get an indication by next week and a definite result in October.
Sat back and watched it go from 55p to 70p without having a dabble. Should have got in earlier, but just got 24,000. There should be a lot of news from the Ukraine before the years out - lets just hope it's good.
Debt still high, Dutch business going downhill, no div. I can't see any reason for the increase in SP.
I think you are getting confused with EBITDA and after tax profit. There is not a chance of adjusted after tax profit being anywhere near 60 million - euros or pounds. I think they will be lucky to make 20 million - not trying to be gloomy just realistic.
Market value and debt comes to a total of approx 165 million euros - would selling the company bring in that much? I used to think it was a certainty, now I think who would pay that? Advertising revenue is dropping like a stone and circulation revenues - which was the strong point with MEC - are also falling despite price increases. Can't see a dividend for next year and unfortunately can't see any good news down the road either. It's been a good share for me in the past, but I'm not sure I would buy at any price now.
The worry is that they may not be able to make disposals at 4 x EBITDA. The way advertising revenue in newspapers is dropping that might be a struggle. If EBITDA falls to 60 million euros and they can only get 3 times EBITDA that will just about pay off the debt and pay about 50p per share to holders. I can see the SP dropping further.
"Mecom Group: Canaccord Genuity reduces target price from 153p to 89p and downgrades from buy to hold" The first of many I expect!
I know nothing about Holland, but going by MEC's operations there the country must be a economic mess. As for MEC it's getting hard to see where the good news is going to come from. The disposals which would have been easy a few years ago are now looking like they will be desperate sales at rock bottom prices. It's beginning to be hard to see a way out that will please shareholders.
As normal with AIM shares I'm down already!
With it's £14 million in LOGP shares, decent cash balance (approx £5 or 6 million) and buying it's profitable RS2 business SEA looks cheap with a market cap of £15.5 million. I don't normally touch AIM shares but this looks cheap so I've had a "dabble". 50,000 shares at just over 28p - fingers crossed I don't end up cursing AIM stocks!