Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Darktrace Plc : Stifel raises target price to 430p from 250p
>He clearly sees greener pastures elsewhere. If the CFO is giving up on CMC why should anybody else invest?
No really. Hes been at CMC for 12 years! People move jobs? More money , less travel , better incentives blah blah
Share price now a joke. To put it into perspective CMC is now sitting on cash circa to its enterprise value?
Or another way of putting it; its market cap is nearly equal to its cash + assets; i.e the business which generated (£m 101 226 , 93.7, 54.5) net profit per annum (2020 - 2023) is worth nothing?
To see on the main advertising on Sky Sports News an ad for CMC Invest
Oh and "CMC Market reported a net operating income of 288 million pounds for the year compared with the analysts' consensus of 285 million pounds."
Remember the increased expenses are transient. Im buying more
For me more or less as expected:-
"We remain convinced about the long-term potential, but the short-term remains more challenging" - Peel Hunt
Now a Market Cap of cap of £450m with a working capital of £310m, cash circa £180m with no net debt paying a 5.3% dividend blah blah!
Thats not a subsidiary?
https://find-and-update.company-information.service.gov.uk/company/13625547
Liberum
The four key strategic reasons for the acquisition were:
1. To strengthen PayPoint’s addressable markets, universe and proposition;
2. Open up growth opportunities in new and existing markets;
3. Deliver capabilities and operational efficiencies that are highly
complementary to both businesses; and
4. Enhance earnings and deliver attractive returns.
We take comfort from PayPoint’s M&A track record as the strategy has been
successful and well executed over the last three years, which has helped to
transform the business. We estimate that growth business lines could
account for c. 67% of group revenue in FY 25.
A revised CY 23 P/E of 7.9x and ordinary
Its all watermarked with my personal details so not as to redistribute
Here's about a big as a snippet I can share to encourage legally!
https://ibb.co/JvBTmNj
Its here on ft.com
https://markets.ft.com/data/equities/tearsheet/forecasts?s=PAY:LSE
Thats copied from the FT...maybe you are right and they are wrong?
Dividends in GBX
In 2022, PayPoint plc reported a dividend of 0.26 GBP, which represents a 19.25% decrease from last year. The 4 analysts covering the company expect dividends of 0.38 GBP for the upcoming fiscal year, an increase of 46.92%.
Its easy to move at the moment as the volume is so low
I can find no other reason either except for some Appreciate holders may still be selling what shares they were given (causes a generally negative sentiment) .I bought after reading a very positive indepth broker note in full.
It looks like a lot of patience is needed and in my experience when there's no reason for a continued drop, when the reversal comes it will carry the momentum in the other direction
You can hear it here (from circa 7 mins in)
https://soundcloud.com/user-596578261/5mmm-20230510-082845-meeting-recording
>I recently sold my entire holding as I suspect that, in due course, they will be taken out by AI.
Thats comedy gold!!!
Ah ok Petrencf that was unclear ;)
The massive short reduction makes sense now:-
Samson Rock Capital LLP 0.00% 15 Mar 2023
Samson Rock Capital LLP 0.89% 1 Mar 2023
PS I have todays full note , very detailed and very positive
https://ibb.co/CvBWsQp
What you mean is you are short and the big trouble (without reason or substance) is simply your pipe dream
Yesterday :-
Jefferies reinitiates PayPoint with 'buy' - price target 550 pence
Today
Liberum BUY 1100
Todays Liberum note is very positive. Target price 1100 BUY
>Jedclampit has been on the game for 40 years.
Walking the streets with Nuri lol