George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
There's a lot of noise around energy costs , rightly so, but Boom Battle Bars is a very young business.
Does anyone actually know if it is in a position where it is facing renewing energy on much higher terms?
I'd have thought it more likely that they would be still on 1-5 year fixed term deals in many sites?
So, is the impact of energy hitting this business right now?
Just wondering...?
And Escape Hunt cannot be a huge energy user right?
Bang on about time horizon.
And you can bet your bottom dollar that private equity thinking 3-5 years from now will be running the slide rule on this.
You cannot just create the footprint that XPF have for their brands, both of which are good propositions and quite well refined products now, and have scope for roll out.
Would be such a shame, but typical, to see this sort of growth business fall off the public markets and into private hands when all the hard work has been done.
Happy to be on the buy side at this valuation.
Boom has executed a land grab of great sites.
Escape has a good footprint and product
Silly valuation.
Here is a positive thought.
Perhaps no one has been Cineworld because they are too busy having fun in Escape Hunt and Boom Battle Bar.
Mindless optimism but you never know!
I am curious how this plays out - I was invested in 2018 and backed the Open Offer, like many other shareholders at 2.5p thinking the ship could be turned around. It has been dead money for 4 years.
There was a line in the interim report in September 2021 about allowing the company ..".to prosper for ALL shareholders" that gave me heart that perhaps the major shareholders/debtholders and the company might reach a solution that is at least partially fair on the smaller shareholders who also helped out in 2018 in the shambles that had taken place.
Like I say, at the end of the day, it was a terrible investment on my part, but I remain with my holding waiting to see what happens and whether there is any honour in the capital structure solution, as undoubtedly the IDE business in its current format offers a good service to some good clients and makes money.
It crossed my mind whether MXC might push for a de-list but offer a tender to people like me at a small premium to 2.5p as a gesture.
Various options but MXC hold the cards as they put the most into the bail out in terms of debt and equity.
As a long-term investor, happy with this piece of business.
Daisy recently took a large chunk of the Sungard Data Centre estate from the administrators on a similar deal (i.e. customers need to contract with them on new terms), so was glad 3 have been picked up by Redcentric, it seemed a good opportunity to get a decent set of clients.
RCN strategy makes sense, management are credible - not sure why it is trading on a pretty low EBITDA multiple for something generating so much cash. I guess organic growth is a bit low but personally it's the cashflow that attracts me as they can get a blend of low steady organic + acquired growth via cash and debt at sensible leverage.
Good returns for shareholders.
Long term hold for me with the dividend in the meantime.
I always enjoy watching Peter Harris's face during Paul Hill's interviews - this was a much less excitable episode, which made for better and more balanced viewing.
Long term holder myself and no intention to change that.
Good to see they are looking for operating efficiencies, but I think the 'group' cost line is too high and far too many bodies at Group level once Tasman disposal is completed. This needs some scrutiny.
Agree, Santander have made a committed 5 year loan of £8m to a company with few hard assets if it goes belly up.
They must be comfortable with the cashflow and trading dynamics.
Start of a change in sentiment here, hopefully.
An updated cash position would have been helpful.
They had £3.5m cash before the last raise, raised £6-7m more than was spent on the acquisition and have now had another £1.5m from R&D credits plus EBITDA positive trading but perhaps some CAPEX on new sites and working capital unwind.
Just would be good to see how much cash they have to execute on the roll out in 2022.
Was it in the Shore Capital note? Anyone got any ideas?
Just to add that a lot of the staff (90% of the original Cloudcoco workforce according to the RNS at the time) were also included in options so they are also fully aligned to generating upside.
The sole criteria is a share price above 2p, shares vest at 1p, so this is a decent upside for everyone to really push.
We get diluted but better to have everyone wanting the same outcome.
Vesting period is Nov 2022 to 2030.
I agree - once there is any sign that IDE Connect is under control and not sinking the ship, then the 3.5-4p (perhaps 5p on sentiment) range looks fair enough to me.
Difficult looking situation in short term but they have plenty of cash to survive.
Not hard to visualise a very different situation in a few months, high levels of vaccination, high natural immunity - in short, conditions for a much more normal life including experiential leisure.
Price is reflecting a lot of short term bad news, any change to that and it is very cheap.
Just a thought.
Roxy Ball Bars also in this space backed by Foresight PE. It's not an open field but on the other hand would be more worried if no-one else wanted to build this type of offering.
That happened quickly.
Interesting the date was 5th Nov when the change of Gresham to Harwood at the Gresham Fund was supposed to go unconditional. So, did Gresham sell when they could still act and control this?
Wonder who took this stake on? We'll no doubt see fairly soon.
Seems to have happened more smoothly from an NBI perspective than I thought might be the case!
Looks like Gresham House Strategic are following an orderly 24 month wind up and disposal of their assets from their announcement today.
As 17.5% holders in NBI - the biggest shareholder - this is going to create an event of some form in the next 2 years and quite possibly a ceiling on the share price until such times. i.e. don't expect much upside short term but the potential for this to change within 24 months.
Gresham will not be giving their assets away so fair value on NBI should emerge.
I don't think NBI is big enough to attract enough institutions to take on the stake across the public markets, but that's just my view. And I think Crestichic will do far better off the public markets, allow Peter Harris to retire and so on!
If there is a different interpretation then I would be keen to hear it on any message board, as this is only my initial view and happy to think differently about this!
As a taxpayer I am still trying to figure out why an operator of escape rooms got an R&D tax credit.
As a shareholder I am thinking happy days, thanks to those mugs that designed the rules.
Playful, let me know if you are around here again. I am the inverse function of all the hot air and wind on here, always up for a bit of banter with my pal from the Gresham exit days. And I got the Pip thing without asking.... Chipmunks away!
From the biggest to the smallest, it is clear that new business is simply not there at the moment, so all that can be done is to hunker down and be ready with the best offering when it does start.
I imagine all businesses are currently looking hard at sorting out exactly what return to work v work at home finishes up at, what premises they have and how work is done before committing to IT spend - they surely need to be clear on that before investing in major CAPEX.
Once done, and let's imagine CFO's and CEO's are doing budgets for next year right now, whilst waiting for evidence of no more disruption this Winter, you can visualise when spending on the essential areas of communications and IT will start to flow.
Patience is needed and the ability for a company like CLCO or SYS or RCN or whoever to trade through this period of famine.
Their catch up spending moment is coming later, than say retail or hospitality but when it comes trading will markedly improve. Hopefully!
My reading of the recent announcements are that without any further scale IDE Connect would have finally sunk IDE Group.
IDE could not scale it - who would contract new business with such a weak entity when there are plenty of alternatives around.
Therefore they had to pretty much cut the sea anchor loose for free, into the grateful hands of CLCO, and leave themselves free to sail into the sunset with the remaining IDE business, that is actually pretty good.
CLCO feel they can get some scale into the IDE Connect business from existing clients and, most importantly, new contacts and opportunities hinted at in the second rns release about Mark Ward.
No one in their right mind would have touched IDE Connect without a clear pathway to breakeven, so therefore I see this as turning into the bargain of the year. I do not believe Mark Halpin is not in his right mind!
Anyone wanting a speculative punt should buy some of this, if you believe this narrative.
nope, they are going for acquisitive growth, so that is where the cash is going to go.
feels like the share price has been walked down to allow a placing at a low price, with no news or anything to stop the drift.
let's see.
last placing was at 38p in Feb 2019. guess the institutions want it lower as they have not seen any return from the acquisition strategy so far and need to get their IRR up.
either way, with minimal debt and no stretched working capital I don't see a disaster from this price but conditions are tough so it just needs to trade through and come out a winner.
patiently sit by the river as I think this will come through in the mid-term, but probably watch myself get diluted in the name of acquisition growth most likely !
Agree. Been here a while as current management and Board (Chairman did brilliantly for investors at Innovation Group and his appointment was what initially caught my attention) turn this into a very interesting business.
The thing that jumps out to me about this contract is that it shows scalability in the products they now have - i.e. starts small in tandem with the whole project but the scale up option is there to cover the whole country and add up to £6m if the project scales up. In the past, I think the business struggled with scaling its undoubtedly highly skillful service expertise, which made it very hard to invest in. This is what has changed so much in the past three years. Looking forward to the interims and I think if the French vendors have dumped their early release shares over Summer, we could be heading upwards (just in time for CEO's LTIP assessment of the share price at next AGM ... by complete chance I am sure).
Article in FT about high volume, actually a "deluge" of container ship orders going in for the first time in years. Back in the days before data centres and renewable power were all the rage, loadbanks were needed in shipyards to test back up power on ships, rigs etc. If this demand source is making some sort of come back then that would be another positive for Crestchic sales and rental rates. There really are so many opportunities for Crestchic. Now just get the factory expansion complete asap. And Tasman into new hands.