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HE1 crashed to 6p following poor drilling results in August 2021.
https://www.ig.com/sg/news-and-trade-ideas/helium-one-shares-lose-steam-after-negative-drilling-update-210827
Recovery is a long road but if you stay the course it can pay very well.
June 2021 ...... 615M shares in issue at around 27p MCAP £166M
Today 3.4B shares in issue at 1.45p MCAP £49.3M
To get back to a £166M valuation the share price would need to be at least 4.9p
So what value is HE1 - more than 4.9p for sure & now with +2B shares traded per day.
Any day now this will lift so fast that getting left behind is not where you want to be. Just make sure you exit at the stop you feel happy with.
Bogner, Benidorm & Bradford.
Gets JL out of the office to meet the customers.
Luckily plenty of places that begin with "B" that could do with a BOO depositary. Like Booty Lane, North Yorkshire.
https://anglotopia.net/ultimate-list-of-funny-british-place-names/
In the words of "Chris Tarrant" - well done everybody, now for the next question.
On the 30th January 2024 what was the highest share price of the day for Helium One, was it?
A. 2.5p
B. 3p
C. 30p
D. 1.99p
Answer will be tomorrow in the live session.
The best time for HE1 to hit the market with a fund raise is now or when the optimum share price has been reached. Could appear any day at anytime.
Will be at least a year before any commercial operation on "Itumbula West-1 well" and testing is still continuing. It has taken years to get from helium bubbles on the surface of the lake to a TD of 961m
No doubt the current excitement will fade by Thursday or sooner if the fund raise is announced & Neil7777 will implode.
Let's see what pops up over the coming months.
From the last trading update -
Outlook and Guidance
The Group's focus for the year ahead is on rebuilding profitability and getting back to growth. For the year ending 28 February 2024 ("FY24"), revenues are expected to be between flat and a decline of 5% vs. the prior year, with increased emphasis on driving profitable sales. In the first half, revenues are expected to decline by 10% to 15% as a result of this action being taken. In the second half of the year, the Group expects to return to revenue growth as it benefits from the investments being made across price, product and proposition under the Back to growth strategy.
Adjusted EBITDA for FY24 is expected to improve year on year as a result of operational gains, cost efficiencies and cost deflation in our supply chain, with adjusted EBITDA margins of 4% to 4.5%, and adjusted EBITDA of between £69 million to £78 million, in line with market expectations. For FY24, capital expenditure is anticipated to be between £80 million to £90 million, and as a result of the actions we have taken on capex, working capital and costs, year-end net debt / adjusted EBITDA is expected to be approximately 1x, reducing thereafter, with the Group maintaining significant headroom on its long-dated £325 million Revolving Credit Facility.
Closing a factory & warehouse are signs of over capacity therefore demand is weak which increases operating costs.
SP still a strong buy up to 44p thereafter depends on SP attraction. Will still drop in May & June if the news is less than outperforming.
Anyone at board level is a target duck in my opinion. Any company or political bell wind sit on the same line.
If they get to the top positions they should perform well in their respective roll & not just for the pay awards.
BOO management have a lot to prove but personally I would prefer a company buyout. Frasers are in with a chance and it may be the way it goes in the end. Bye Bye Kamanis & take JL with you.
If Daytradenovice can't single out a bad news story for BOO because there are so many then perhaps feeding the media with company fails is their strategy but for what end?
Late trades could be a good signal for Monday if it weren't for the past few years of these trades appearing only to find that the following trading day the SP plummets. Hopefully not the case after the recent solid rise but Monday will reveal the outcome. SP could have tanked today but held up well. 5% either way is nothing on a daily basis unless cumulative in a particular direction.
As for British Bulls - they ain't got the knack of hitting the mark with SP prediction with BOO. SP remains on a rising trend for at least in to February - then its Volleyball chart time.
Catch any low you see then ride.
All the trading money today went to HE1 today I am thinking, which just left the ducks here quacking away - pond is empty today - quack quack.
Never mind, fortunes return next week.
Best duck joke of the day -
If it walks like a duck, talks like a duck, and smell like a duck but Chuck Norris says it's a giraffe. It's a damn giraffe!