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Is it some campaign to get a buyer to take them over and inject some dosh?
What caught my eye a year or two ago was their buyout of some clever Cambridge co. I had some but sold....since that they doubled.
Rights issue diluted it somewhat, perhaps someone has the figures.
Someone didn't know what moonpool doors were. Neither did I, the answer comes from Wikipedia, not Tekmar.
Moonpool doors someone unaware about, they can be in the sea or above. They open downwards allowing entry from below . Sizes vary the Glomar Explorer had moonpool doors about 200ft long to allow a submarine to be picked up. I would imagine making such doors would allow a decent income depending on numbers.
Sometime last year reports mentioned that Indian gem polishers were out of work because no-one was buying diamonds. Google to see if they're coming back!
It's a newish company so investing in new sites takes up the cash. Covid has affected it similar to restaurants and pubs.
They were always cash generative some years ago and then went into high debt with a big aquis it ion. That was followed by C19.
I became a Melrose sh'holder when they took over FKI. They had the ability to turn under-performing companies into better co's, then sell them on and in the process make money for shareholders and of course themselves. They've had trouble with Bush and now the pandemic has affected their purchase of GKN. I wouldn't write off the directors of this co., they have engineering AND monetary understanding which has increased Melrose value all along the line.
I became a Melrose sh'holder when they took over FKI. They had the ability to turn under-performing companies into better co's, then sell them on and in the process make money for shareholders and of course themselves. They've had trouble with Bush and now the pandemic has affected their purchase of GKN. I wouldn't write off the directors of this co., they have engineering AND monetary understanding which has increased Melrose value all along the line.
I read about half a year ago that diamond polishers in India were out of work bcos no one was buying during lockdown. Perhaps this is a hope springs eternal that the market for diamonds is about to change. I cud be wrong.
Hardide has a very significant moat around it. They've been expanding their production capacity here and in the States. Their margins are around 50%. The contraction in the oil business has affected income. I think this one is a long-term hold, needs patience.