RE: Future updates?10 Jun 2021 10:46
NigelB
Don't get your hopes up re last year's results . When they come they will not be as good as one would hope , because trading conditions during the pandemic's height were poor , not just for BMN but for everyone. Low demand for V meant lower prices.
Fixed costs continued as ever.
BUT that was then and now is now and now the trading conditions are great. BMN has realised part of its profit in IES , V price is high , the closure for maintenance is behind us, production rates are up , the proportion of fixed costs to sales realised wil be down and the future is as bright as can be. Why else would Orion have supported the company.
Oldest investment mantra is to follow good management and the management at BMN is not just good it is brilliant-just look at the deals Fortune has done. The only area where management fall down is PR and my guess, from a position of total ignorance ( in point, but not of life generally) is that there is something brewing in the background about which management has to stay shtumm to comply with Stock exchange rules.
As ever , be patient and watch this space and reward will follow , because all fundamentals are presently great.
KN