George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
On the contrary, it could easily be interpreted that he's bought someone in to get a grip on the finances. This CFO may be incentivised to tell Draper to get these bonuses under control until the finances to support them are properly in order. He may also be able to help give his experience to fight the AZ lawsuit (aka get a settlement ASAP)
It does feel like something is coming, though tbh it's long overdue aha. Did anybody manage to get a screen grab of the leaked product page? The very same thing happened last year in the leadup to the announcement
FTSE 100 is poised to close at a new ATH today...
Thanks for the explanation, so to summarise Kodal still working on similar balances to last balance sheet (minus whatever has gone out) BUT there is funding secured in the subsidiary which Kodal will have a minority stake in once all of the agreement conditions are met.
This right?
Obviously, finance is pretty well established now, I'm interested. What is the current cash position now that they have confirmed receipt of the $7m. From the last balance sheet I note around £1million? So probably around £6-7 million in GBP now?
I'll bet you 0.0039p there may or may not be an RNS in the morning
The gambling sector is one of the sectors that the UK actually excel in. The Government, be it Conservative or the likely incoming Labour, would be extremely stupid to take out one of the biggest players & brands in the industry.
Think of all the jobs just in the UK that would be lost if any serious action was taken against 888.
I also am starting to believe the endless delays to the White Paper are intentional to try and not hurt even more of a significant revenue generator for the ever struggling economy.
Great update, slightly annoying that there is yet more waiting for the next product launch etc. but sounds like things are still under control which is good.
Very annoying that yet another MHC announcement comes the very same day where whole market is down due to media headlines trashing UK economy, which probably hasn't helped this very positive RNS.
I'm also adding here, hopefully, this will be the catalyst to bring in some intelligent management who care about delivering shareholder value and returning 888 to the top tier of gambling operators. This is a great asset with great brands that should be doing great business.
Sadly I think the war is going to heat up as we rapidly approach the 1-year anniversary, the supply of heavy weaponry also signals (to me) a last-ditch effort from NATO to sure up Ukranian defences which are sadly being overwhelmed, particularly as their harsh winter season approaches. Hopefully this war can be bought to an end sooner rather than later.
And yes lol Razors, £50 is on the rarer budget end for Superdry products now. Lucky to get a shirt for that price. The new range looks good though imo.
I agree RetiredBanker, from my calculations based on an SP of £2.30 which is roughly where this is sitting atm there's a 3.9 P/B & 9.5 P/E.
I do think Shoe Zone will enjoy some more mild growth and probably be a good dividend play if that's what floats your boat.
It's a shame as I would have loved to buy in just hadn't looked at the company until last week. Well done to all with some great returns!
TW tipping YGEN is interesting if true, considering the events of the past couple of months it seems like it would be the perfect target for one of his tirades (albeit sometimes amusing) considering the apparent incompetence that has taken place
But to be honest there probably is some upside there, as it was probably oversold. But that doesn't solve the massive lack of confidence I, and no doubt many others, have in the board over there.
Really fulfilling when you've been buying up over 2 years and it all comes to fruition one random grim January morning.
I hope to have a couple more days like that with this stock. HOLD or ENTER!
The only place I saw SDRY releasing results was from a Yahoo Finance notification last weekend. It didn't show up on the weekly LSE email either. Other places are saying 24th?
Might be tomorrow or next week.
I agree too, a sell-off is probably overdue now. I reckon after the results good or bad (unless they're really astoundingly good).
However, the longer term story here is only just getting started. Lots of institutions and big names eyeing up SDRY. I think £2.50-5 is not out of the question over the next 12-24 months.
The board's defence of the SP for the past 2 years was that the AIM All Share had been in constant decline, whereas MHC had basically been trading sideways.
Well, YTD so far and AIM All-Share is up +2.71% and MHC is down getting close to lows we've not seen in a good while.
I'm +47% currently, I think this has the potential to go a lot higher. I will be sitting on them and wait for the results. If they're bad, hopefully I can pick up some more at bargain prices (even these are pretty good prices IMHO)
Updated Trustpilot stats:
https://i.imgur.com/pOBJu04.png
I'm also increasingly frustrated that the company are looking like they're missing the dates they promised us - yet again.
There needs to be an announcement before the end of January now, this is getting tiresome. I try so hard to defend this company but they do make it difficult at times!
William Hill opening up two new branches in Liverpool Central & Sunderland 2 days ago! Clearly they think there is still plenty of growth for the brick & mortar bookies, a belief I also hold.
Agreed an update is now overdue. Which sadly is a common theme here. BUT, when updates come they are usually thorough and detailed - so hopefully we have something juicy to look forward to. I want to see the next products released ASAP.
I want MyHealthChecked DNA/Blood tests on retail store shelves by the end of the year, ideally by summer time.