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Makes perfect sense to delay karo until PGM prices recover.
Chrome is the major cash cow for Tharisa. For me its all about cash flows rather than production figures.
Cash at hand is up to $268million / £220million gpb.
Net cash $126.6mil / £104million gbp a decrease of $14mil / $11.4mil - given capex i think this is a great result.
Mcap £190 million. So minus cash the assets including both mines are being valued at just £86million by the market.
Not sure about that but shore capital sound positive with their buy rating.
Im sure its been posted before but theres not much positivity on here, so… ive been adding last few days, 28-29.. to go with 32p buys. ..happy to wait but i think the drop is overdone fueled by shorts which will close at some point.
Shore Capital has reiterated a 'buy' rating on Boohoo despite the fast-fashion retailer cutting its sales guidance for the year.
The company said on Tuesday that group sales would decline by 12-17% in the year to 28 February 2024, much lower than previous guidance of sales decrease of up to 5%. This was due to a slower-than-expected volume recovery and the continued targeting of more profitable sales within its labels.
As a result, Boohoo's share price dropped 9% on Tuesday morning, falling to 28.73p by 0940 BST.
Nevertheless, Shore Capital highlighted that the targeted approach to more profitable lines should boost profitability.
Meanwhile, Boohoo's financial standing "appears resilient", the broker said. It has a strong balance sheet and significant liquidity position of £290 million with net debt in line with guidance, which allows the company to make ongoing investments in growth-focused projects, including the launch of the US distribution centre and automations in Sheffield.
"Significant investments in areas such as best-in-class logistics and in-house technology platforms have been facilitated by a robust cost savings programme, earmarking over £125 million of annualised cost savings across various domains for FY24F and FY25F," Shore Capital said.
Regarding Boohoo's valuation, the stock trades at an enterprise value-to-EBTIDA ratio of seven.
"In our view, the group remains steadfast in its medium-term objectives, leveraging cost savings and operational efficiencies to fund strategic initiatives. These are aimed at restoring growth and profitability."
Shorts are already well up they cant loose. Even if they rebuy at 60p most hedge-funds will be massively up. They are not inside, they only know whats in the public domaine.
Your waiting and playing safe, thats fine and i see now why your posting so much dirt, FOMO.
Shorts no nothing, only insiders know whats really happening.
Thats like saying Mike Ashley buying 19% or what ever the figure is now…. Ashley must know something. Blah blah.
All i know is boo is super cheap and it will bounce back hard on any good news. Hence I've taken a position at 32p.
Pretty much how i see it alex, buy at these low prices and wait for the tide to turn. Big return when it does. I dont see a return to 2.50 - 300p any time sone but 60-100p could come in short order with good news if not then buy and park until it turns…. and it will.
All those 5k share sells. Incentive scheme to take the sp from £4 to 2p joke ceos. Whats happened to join the dots. Maybe thrown the towel in .
Nice reminder SCB, i took the plunge yesterday and added today low 32,s.
One hint of good news and this is 60p in a blink of an eye. Happy to wait. And keep adding on lows.
Market makers rinsed pi,s last week to get some liquidity to allow a dump of stock. Well done those who were smart who bought low and sold high. Predictable retrace unfortunately.
Might be another spike on next results though so if spiked in id just it park it and wait..
Shein amongst other clother retailers are already competition to boohoo. As to shein entering the UK they already have pop up stores on Oxford road,
Fortunately its a very large market -
Fashion is the largest B2C eCommerce market and its global size is estimated at US$768.7 billion in 2023. The market is expected to grow further at 9.4% per year and reach a total market size of US$1,103.1 billion by the end of 2027.
Just had a quick read of the last few pages of chat to aee if theres anything interesting.
Nope just the constant post after post of bickering, it was exactly the same when the sp was £3.50 area.
See you at 60p if and when. Carry on bickering.
Ive been watching boo for a while. Taken some at 32p,s.
Not looking for a quick bounce. Im more hopeful Boo will issue some brighter news soon, in particular the US distribution centre starting up.
Boo had a shocking year last year but i predict things will start to improve going forward and 60p is certainly achievable before xmas if im right.
Trenners 50p should read 6Op its an obviously a typo, which is abundantly clear in the next line when i refer to the sp being 50p a couple of times and got there on JL,s ramping forecast of a return to free cashflow.. he forgot to say it was cash flow out lol.
Its simply pointless saying without exceptional items and without the hacking losses wouldnt happen or be less. . The fact is they did. Those exceptional items were known, there will no doubt be more exceptional items as cpi continues to sell off its businesses to reduce debt.
The market will value this on profit or loss and not look at reasons or if onlys.
A well run company like serco makes a lot of money, cpi in the same industry makes losses and has for a few years, hence the sp crashed and just keeps dropping with bad news outweighing any good.
Its fine being positive on a stock youve bought but back it up with figures.
Serco, posted £98mil free cash flow made in 6 months, cpi posted £67mil losses. There is just no comparison, SRP is very profitable, low debt and CPI is burning cash and still hs many times srp debt.
60p is currently a pipe dream, this hasnt been above 50p for 3 years, it hit 50 a couple of times as the CEO wrote about the turn around of the business and a return to free cash flow and also vaguely suggested a return to a divi in a couple of years… he was badly wrong. All he has achieved is reducing debt from over a billion to a more manageable level by selling of parts of CPI,s business.
60p isnt happening any time soon , it has hit 50 a couple of times in the last 3 years when the ceo misled shareholders with his ramping comments only to fail miserably, fail to secure data and then post a massive loss.
Https://www.lawnews.co.uk/legal-news/capita-whistleblower-claims-outsourcing-giant-was-told-about-ticking-time-bomb-cyber-risk-but-ignored-warnings-to-save-money/
That is shocking if true and could cost them contract renewals as its smacks of incompetence. More damage to their reputation. It will be used by clients effected by the leaks in compensation claims and potentially could affect insurance cover against such claims.
They certainly haven't saved £25mil in not spending £50mil on cyber security as on top of the stated £25mil hacking costs, they will still need to spend the £50mil to plug the security holes or risk another hacking (which would probably see them off.)
Thanks for posting nofear, hadn't seen that news though still loosely following the story.
Type capita hacking compensation in to your browser, numerous legal firms now offering to take on claims against capita. Along with a potential for a large fine, the future remains uncertain. Thats why the shorters are having a field day.
Example of one here
https://joneswhyte.co.uk/capita-data-breach/
You must be confusing me with someone else. I opened a discord account a few years ago. Posted 3 times max and decided it wasnt for me. Certainly never posted about cpi on that platform nor did i ever interact with you or any one else. Id actively distance myself from such types.
Ive held cpi a couple of times in recent years yet to loose money on them, mafe a few quid but had to be very patient.. id be tempted back in sub 20 once i see the potential fine size or a statement that there will be no fine.
I understand it can be up to 4% of annual turnover. Its a cloud hanging over cpi that needs lifting imo.
Once thats sorted and the right noise from the guy replacing JL then eventually it can recover. Hard to set a time scale. All the constant pumping and or detracting will make zero difference.