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way too high. 11% off sept lows when FTMC only up 4%.
Nice to be able to buy back the share i tendered at a 47% discount. Happy days
The logic that the tender offer would help to close the discount to NAV doesnt seem to have worked!
It was july 2020 he said about doubling up
Hi Shady
Invoicing and cash flow dont determine when revenue is recognised. Its all about when the work is completed
it all related to the way revenue is recognised on these large contracts. For example - they may be 90% way thru the challenge study at end H1 but revenue cannot be recognised until it is completed (ie in H2) hence the larger proportional revneues in July/Aug mentioned. The most important thing to watch is the order intake / Book to bill ratio. The revenue recognition is simply a timing issue as long as they have the work
well he doesnt have millions any more!
How could it get back to 200p? NAV is 118p and since it was 200p there has been massive dilution from share issues
The divi might help to pull us back up. 80p might be a realistic target looking at other REits with similar profiles of NAV discount and LTV
Its worth checking out ARTAR in SA. I hadnt appreciated just how massive an organisation it actually is. Certainly no issue with funding etc over there. KEFI are incredibly fortunate to have a 30% slice of their projects in Hawiah and Jibal Qutman and huge potential for more Al Godeyer etc etc.