The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
They must have realised that yesterday's announcement was another let down, so I really don't get why they didn't offer a brief update on how current trading is. Unless of course we're in for further disappointment when that is eventually updated.
And now I suspect even half decent guidance or outlook will be brushed off by the market, taken with a pinch of salt, until the actual figures are confirmed and agreed by auditors ( for the current year).
And not forgetting further write downs too.
Personally I'm now relying on macro, a rally with any interest rate cuts, and an external party to pay well for NA.
Like you mavswf I'm well overweight and well underwater, but I've only added here, I'm not trading in and out, but it's becoming really concerning when you simply don't trust any guidance or targets stated by the board.
I have to say though yesterday and this morning there seemed to be a lot of strength in the price action which I wondering why.
Total 5h1t show this
Just add further, not so sure about these assumptions about azvalor now, I know they're Spanish but they also have a large holding in PFC accross 2 funds in excess of 25% in total. So possibly Cosmens know them and would vote accordingly but I don't think they're his puppet.
Xxxaccountant
Makes sense what you say, so you're more or less suggesting a disagreement of sorts between say Cosmen and Garat/Stamp in terns of RI / strategy ?
Besides an RI would have made more sense a year ago, not at this price unless it was significantly dilutive. And it's not as if they necessarily need cash given the cash balance and operating cashflow.
I think as pokerchips suggested today that the reason for not tanking today is we are approaching q2 and essentially 23 is done now, it's about current and forward looking, whereas the profit warning in October was bang during last financial year.
So you're also suggesting what if they add another 1%?
Pokerchips
Although it's a liability its only say 95 ÷ say 8 years for the year and each year thereafter, right?
Not sure I understand your point there, are you just saying eps will be negatively affected?
I'm just seeing as an expense which hopefully will be insignificant if and when earning start to grow again.
So absolute worst case scenario 160 earning for 23
And 95 provision for German contracts over the lifetime of the contract until 32.
And possibly 175 earnings and at a later date an increase in monies claimed from the German transport authority which will essentially be a Brucie bonus at some point this year.
And it was clarified in the call that there will an update on the NA sale when the results are released.
But no mention of q1 trading so we can assume that will be during the FY23 release.
Have I got that right ?