Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I thought that this RNS would have more of an impact on the SP, but see that Fulcrum is now on a forward P/E o 18 since profits for this year are forcast to be only half of those for last year. Is this something to do with the transfer of assets?
Nick Train of Lindsell Train fame has just bought in. This is unusual as he rarely adds or sells his holdings.He goes for "big brands". I cannot find disclosure on how much stock he has bought but he does not buy in small quantities!
This has to be good for the share price, now at record lows, but it may take some time to recover and depends to a large extent on what progress is made in USA.
Have just bought into this. Paid 43.75 p but the buy is shown as a sell, along with many others today. Notice that SP has risen despite all the apparent sells. Come results on 26/04, I reckon the SP will shoot. Forecast profits for this year are 6.6 mill which gives a prospective P/E of 10.38. Dirt cheap.
Why is there so little interest in this brilliant co? Another excellent trading statement, increased profit forecast a 3% yield. What more do you want and all for a lowly PE of 8.6. More money going into property this year so we are told. What's not to like?
Bargain.
If this is all above board why is the SP plummeting?
It cannot be right for such a company to flog off their client's data. That is just what they are supposed to protect.
Remember Cambridge Analitica?
Can you believe it? A top cyber security company, about to enter the FTSE 100 has been flogging off millions of its clients digital searches to all and sundry and making vast profits from it, although for obvious reasons it does not disclose how much. This must cast a dark cloud over the integrity of the company which has yet to respond to the allegations.
In general I do get rid of any company where there is adverse news immediately. In this case there has been none. Uber and Netflix have never made a profit to date so your talk about losses is not relevant. Institutional investors saw fit to buy into yet another cash call in February regardless of what you think. Miton have just announced that they have sold 2% of their 205 holding. There been no notification of other sales by institutions, so I still say most sellers have been PI's. I think the shares are oversold and will go higher after the full year report in January. Institutions can afford to take these dips unlike PI's who panic.
I did not sell my holding of course. Merely replying to Ronaldo. I think that anything to do with property is suffering at present, but if it looks like Boris will win, then property will be the first to surge, so I'm hanging in their. I certainly don't think there is much downside from here, unless Commie Corbyn is elected.
WE all know that this share price represents superb value at the moment. I have held on this knowledge. I am sure that once Brexit is out of the way, one way or the other, the cloud of uncertainty will lift, companies will increase their investment and the SP will rise. It's only about mood music. Nothing has changed about the company and profits have increased.