Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't doubt for a second that Jaco is an expert in the engineering /mining field. But I felt that presentation was rather amateurish. No clearer on strategy, lots of woolly might do this, could do that answers. Just didn't get a sense of his ambition/ability/leadership to drive the company forward. Sorry but not really good enough at this level.
If the board have a long term vision it might be an idea to share with the shareholders.
In my opinion whoever wrote and signed off on this annual report should be replacement immediately. How exactly are they running the company for the benefit of current shareholders? Paltry dividend and no significant investment. Does not inspire confidence in their ability to take SLP to the next level.
*couldn't buy any
The future certainly looks rosy for CAPD. However as an investor I need to be able to buy and sell the shares. Yesterday I could buy any. Today I couldn't sell any.
Smart decision. That yacht isn't going to pay for itself
I don't see how Next has much relevance to Boohoo. Next is a tired has been. I know they've had their problems, but in the 6 months to 25th July, their online sales are down 11% vs last year.
If you can't grow online sales during a global pandemic then you won't be around for much longer. Perhaps one day Next will be a take over target for Boohoo...
Full year net profit $51.4m AND cash balance of £55.9m. Incredible performance. Justifies a significantly higher market cap
I'd be OK with a small token dividend, as long as the board announce an intention to use the cash to expand and/or diversify operations.
It's just not acceptable to do nothing with the cash. Sends all the wrong messages and would not inspire confidence.
The concern over future production, is in my opinion, the main reason for the low share price. It's as if the market is expecting SLP to wind up operations within a year and sell off assets. In that scenario, 40p would probably be fair value. How likely is it SLP can secure fresh arising? Worst case how long can they continue without a fresh supply? If the board of directors can reassure the market on this issue, the market cap will explode and I'll buy the drinks
3p dividend should be confirmed at AGM on 8th July. I'd imagine the ex dividend date would be around a week later, by which time the share price will be at least 32p. If the share price falls again before then, I think I'll buy more.
South Africa is 20th on the list, but USA 1st and UK is 5th. I get that there is always an underlying risk with any business in South Africa, but surely this is already built into the share price and then some. A cash adjusted forward P/E of 2.2 is ridiculous.
Time will tell I guess. I'm looking for some strong leadership from the board with regards the large pile of cash they're sitting on. Either start substantial dividends or use it to expand and diversify the risk. Just do something with it.
My wife complains I don't listen to her. Truth is while she's talking, I'm running the numbers through my head again, trying to fathom why the market doesn't realise the value in SLP.
Assuming a usd/gbp rate of 1.24 and also assuming Q4 is breakeven and the cash balance is as per Q3, then we're looking at full year net profit of $49.3m against an enterprise value of $108m. So excluding the cash in bank, that's a P/E of just under 2.2!
I'm come to the conclusion that SLP is a scam, well either that or share price is about to double/triple !!
Hello, sorry if this is a stupid question, but does anyone have any insight into the large spread on this share? I'd like to but more, but I'm put off by the wide spread. Has it always been like this?
Whole market has had a wobble this week. Everything is down vs this time last week. I'd use this temporary dip as a buying opportunity. If the share price isn't 60p+ when the full year results are announced (end of July hopefully) I'll eat my hat.