Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Anyone selling now is quite frankly not meant for investing. imho and should invest in Government bonds paying 1% per annum. Its a bit like just seeing a small section of a wood and not being able to view the size of the entire wood.
If they get their act together over next 2 years there is no reason why this share price could not go back to 1b (£3 share price) market cap.
If they get profits back up to £70m.....
Absolute crap Simes.
Did you read the HY report last year they foresaw gross profit margin before tax at 17%. Enen if we assume it will be only 10% due to inflationary pressures they cannot mitigate.... Their FY2023 annual profits on this basis would be 10% x likely FY turnover of £520m....that is 52m pretax. Net of tax 40m... at least double what you are saying...
Or in other words Simes... Let's see you put your money where your mouth is... because most other members of this chat group do just that.... put their money where their mouth is....
I personally would be absolutely amazed if CF is not be before year end a private equity target... for a price tag of £1.00-1.20 at least....
Simes
I respect all views about shares but will very quickly discredit unfounded views which seem to be most of your views. I think to back up your views you should show the heavy short position in card which you have to back up your supposed conviction. Thank you
These results were excellent.
Look at the recovery in sales.. to 364m....!
Remember that's because they missed out on 3 months of sales including Mothers Day Easter and Valentines Day.
If we add this back in sales for the full year would be close to 500m....the only question then is where would profits be?
I think we already have some potential steer from the pay down of the loan... over the last 12 months which can only reflect probably embedded profits..... Even with inflation pressures I'm still counting on 35- 40m net profits fy 2023...which would reflect at least a 400m market cap or 1.20 price target.
Simes
What you clearly don't seem to understand is the following..... The announcement yesterday about the refinance meant why do you think it happened only now? Why because the banks were waiting to see the full 12 month picture since last April of being nearly 100% ope all stores. If this had been bad there is no way in a million years the banks would have let them off the equity raise. So in a way we already know the as if 12m results would or must be showing at least 25-35m in profits... and that my good friend is reflective of a share price of £1 at least....
This analysis is utter bull**** in my opinion.
They say CF is unprofitable well it made steady 50m + profits up until covid struck.
The year to Jan 22 they are expecting profits of between 7-10m in a year where they only were open from mid April through to end Jan and missed Mothers day, Valentines day etc.
On 5th May they will have a theoretical 12 month period of being reopen completely I. E. mid April 2021 to mid April 2022. This should be telling and IMHO should show profits between 22-25m.
This should normally catapult the share back up to a market cap of at least 75-80p. If any pe investor becomes interested then the price would be at least 9p to 1gbp.
Thanks Roxbury House - for sure I will be back and with much larger stake ...
Assuming the nukes dont start flying>>>>!!!!
Just bought silver ETF 3x gearing...for the time being.
Right now political situation is on a knife edge and Putin literally threatened the West with nuclear war if we intervene!!!
Roxbury House
It is with great sadness that I ended up selling all my shares in CF today because I am a great believer in a 3_4 x bagger opportunity.
Unfortunately Putin has destroyed all this at least for now. Risk is very very high now for Major markets to tumble 40 to 50% or even more. For poor small SP that can mean a 70 to 75% fall.
Sell now while you have a chance and buy back again later..... Good luck everybody!
Roxbury House
It is with great sadness that I ended up selling all my shares in CF today because I am a great believer in a 3_4 x bagger opportunity.
Unfortunately Putin has destroyed all this at least for now. Risk is very very high now for Major markets to tumble 40 to 50% or even more. For poor small SP that can mean a 70 to 75% fall.
Sell now while you have a chance and buy back again later..... Good luck everybody!
Well chaps the trades on lse are showing more buys than sells ....which means only one thing ..somebody pushed through a larger sell order earlier which has not yet been filled ...just wonder if this was Lombard???
Time will tell.
I made a mistake about the £33m deferred rent and VAT payment. Of course this does not have an impact upon the profits this year as would have ben recognized in accounts for 2021 financial year.
In view of this £5-7m FY profits does seem weak if operational for 10 months of the year - although we could add back 2 months rent + loss another half month when was not fully opened up. Dont have time toc heck their rental bills but if it is 25% of sales across the year then that is 16m negative + loss instead of profit lets say of £8m for the 2 months. Meaning a difference of ca, £24m - which would mean annualised as if profits of ca. £30m - so respectable but should be higher. THey realy need to just increase prices on cards by 25% its as simple as that. Just dont know if that bafoon new CEo has the intelligence to do this. Maybe we should all sign a letter to the CEO demanding he increase card prices by 25%. Anyone up for this?
I was at first a bit disappointed about the 7-10mnet profits for full year gor only 2 months of not trading BUT once we take into consideration the deferred costs they paid of Rent and Vat. from 2021 as if net profit jumps to more like £33m!
So really heading back towards the 40-50m net profit mark when operational for full 12 months. If only they would just increase card prices by 25% then results would be even better.
Simes
Let me give you an example.... average card price in CF 75p... an increase to £1gb will have little effect upon demand due to ridiculously low price.... Compare this to a product like a clothes item selling at£ 60 with a 25% increase to £75 then for sure this will affect some demand.
A card price increase of 20- 30p will go almost unobserved to the greatest number of buyers and even more so bearing in mind CF is cheapest price on market...