Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
The bounce back today was partly a rebound in resource stocks generally but also due to Nomura switching their stance from sell to neutral.
Yes a great result again and the pipeline continues to be good. There will always be uncertainty over the size of dividends given the nature of the business but the track record is very impressive.
Very good RNS today.
Yes good news on the additional contract win with Rolls Royce. Would have expected a tickle up on the SP.
What's driving the sudden SP drop since mid March?
Fairly positive RNS today albeit mostly a reminder of things we already knew so it is probably the share buy back also announced today which has pushed the price up.
Have tracked down the RNS now re acquisitions and trading update which obviously explains the SP movement today.
p.s. Investec have reiterated add today
Nearly 5% up today but can't see what driven this?
Half year results RNS issued on 11th Feb. Interim dividend up by 11.1%, very marginal drop in like for like sales (-0.9%) offset by improved margins hence PBT and EPS up and a targeted expansion plan rolling out. This generally looks postive but the market must have been expecting more judging by the reaction.
The RNS looked positive overall on revenue prospects and I would have expected more of a rise back towards the last peak (albeit there has been a 14p dividend since). Any thoughts?
That is good to see. I am in profit on this but still see this as good value for a medium term hold.
This surged very quickly after the Investors Chronicle tip at c77p and ahead of expected strong results. All of the upside now looks to be factored in so it is likely that there will be some profit taking before the results are issued in case they disappoint on the new higher expectations.
NTQ was tipped by Investors Chronicle this week.
I agree with this. Thankfully though, it looks like the sentiment is beginning to change.
The buy recommendation in the Investors Chronicle has prompted me to look at this and I am very tempted by the growth potential. The thing which is holding me back though is the potential liability arising from the Diamond Wood arbitration. It is a potentially hefty liability too. To what extent is that priced in?
Doesn't look like the market has taken this very positively due to the small drop in H1 like-for-like sales and despite the Q2 recovery. Maybe a stonger Q2 recovery was expected. Looks solid enough though.
Is the drop today simply down to the new share issue dilution?
The dividends are somewhat unpredictable given the nature of the business but the underlying IRRs (at business level rather than the SP and dividends) have been very impressive and with the prospect of more cases concluding next year more lumpy dividends could be on the cards over the next year or two. The irregular performance and lack of public information that goes with this business will turn some investors off but that makes the pricing look attractive IMO even post dividend.