Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
If anything, I think the situation will have improved more rapidly than David was expecting.
A lot of the upcoming tours look like they can go ahead.
The tour calendar for 2020 is here:
hTTps://www.bricklivegroup.com/downloads/Calendar%202020[4]%20v.1.pdf
Most of the Zoos with upcoming tours are open or opening soon:
Allwetter Zoo, Muster – opened at the start of May
John Ball Zoo, Michigan – opened on 5 June
Granby Zoo, Quebec – opening on 20 June
Banham Zoo, UK – opening in July
Bristol Zoo, UK – preparing to reopen
UK shopping centres are also reopening tomorrow so tours based on shopping centres can go ahead.
Just posted this on advfn:
I’ve been watching LVCG for a long time and have bought in the last few weeks.
I like the business model of the touring assets and the figures look very good over the next few years.
As has been mentioned the touring assets create very high margin revenue and have a very long life.
They also have a very short pay back period of under a year and in some cases shorter. As mentioned, one tour paid back in 6 months.
I’d highly recommend potential investors listen to the video interview David did on the share-prophets conference in May - very frank and lots of great information. I think the videos are available until Christmas for a £10 entry fee.
The company has aggressively cut costs (not just furloughing workers but making material permanent long term cost savings).
He still expects to be profitable this year - with EBITDA ahead of last year.
Things will be back on track in 2021 (although some knock on impact from this year).
Before Covid, Shard we’re forecasting £2.8m EBITDA for 2021. I’m thinking this may now come in about £2m.
That already makes the market cap of £12m look cheap, but I think 2022 will come in much stronger still. David expect EBITDA to come in equal to, or higher than, forecast for 2022 (helped by the permanent costs savings).
I don’t think there is a 2022 forecast in the market but given the 2021 forecast was £2.8m I’m hoping for over £4m for 2022.
At that point there will also be large free cash flow, having invested over the previous years in building up the touring assets.
I’m hoping the market cap can get back to a £40m valuation over the next two year (50p share price).
Great posts Feeks,
I hadn’t made the connection.
That could be huge.
More tweets from the new Verditek twitter account.
This one highlights remote diesel fuelled telecom towers, where solar is a natural solution.
https://twitter.com/verditek_plc/status/1270668672433094657?s=21
The question of competitors was asked on the Zoom call as part of the fundraise.
Verditek believe they have the only TUV certified solar cells of this type.
https://www.investegate.co.uk/verditek-plc--vdtk-/rns/iec-certification-of-pv-technology/201907100700030106F/
They said that certain installations need to be certified, otherwise it could invalidated the site’s insurance.
Great discussion guys.
Verditek have created a new twitter account. The new CEO is making good on his promise of more PR.
This tweet has a new corporate video:
https://twitter.com/verditek_plc/status/1268474535352958976?s=21
I like this tweet showing solar cells on tents
https://twitter.com/verditek_plc/status/1268833847145385984?s=21
Word for word.
Ubisoft!
‘the Company is also actively selling advertising into a title from a leading creator, publisher and distributor of interactive entertainment and services.’
Type ‘a leading creator, publisher and distributor of interactive entertainment and services’ into Google and see what comes up!
Lisa was Director of investor relations at WPP. This is a serious appointment.
Her contacts will certainly help with Bidstack’s funding needs.
Great news.
Gfinity’s 10 million+ website users are hugely valuable.
Gfinity are modelling their Digital Media business on Future plc. Future plc run specialists websites and also have physical magazines. They recently announced their H1 results to 31 March 2020.
I’ve looked at how much Future plc makes from each user and how much each user is valued at.
Future plc had revenues of £144m for the half year, of which £115m came from their digital sites and £29m came from magazines.
They had an average of 253m online users in H1 and ended the half year with a record 329m online users in March 2020.
Therefore they achieved revenue of £0.45 per user in the half year, equivalent to £0.9 per user per annum.
Applying this to Gfinity’s 10m+ users equates to £9m in annual revenue! (and at high margins).
Future plc is valued at £1.23bn. 80% of revenue comes from their websites and this is at a higher margin than magazines so I think it’s fair to attribute 80% of the market cap value to the website side of the business. So that’s about a £980m valuations for the 329 millions online users at the end of March, or about £3 per user.
Applying this to Gfin would equate to £30m of value for the 10m+ user base. That’s over 4p per share, before any value for the other significant parts of Gfinity’s business.
Vox podcast yesterday talking about digital media business:
https://audioboom.com/posts/7591277-reabold-resources-gfinity-bahamas-petroleum-and-glen-goodman
That from the TRX announcement isn’t it??
Not TILS
The company will need approval at the AGM for the capital reduction and distribution of the new company. The record date will be after this approval has been gained.
21 days’ notice is needed for the AGM, so the record date could perhaps be in a month’s time if everything goes quickly.
Yes, private investors got 100% of what they requested in the £2m Primary Bids offering (provided they were able to apply in time).
But on the £12m placing there was huge demand from institutions, meaning people only got 25% of what they asked for.
This means there could still be large demand for shares.
Could be another strong week ahead of us.
I hope the company starts its PR offensive soon. It would be great if a wider audience could hear the CEO’s plans.
Intrepid
I took part in the placing and was similarly scaled back due to large institutional demand.
Primary Bid allocations were 100% on a first come first served basis. Perhaps other are confusing the placing and the Primary Bid subscription.
Does anyone know the approximate cash position of the company following the recent fund raises?
Thanks