Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Yes, above expectations with the all important eps and cash growing strongly. Dividend is very well covered so they could increase it or pay a special - Let’s see
The trend is your friend, volume is picking up and so is the SP. Could this be the start of getting back to 40p finally. The numbers are good, I feel 15p would be nearer fair value in these lowly P/E troubled markets.
The last set of numbers are terrible on every front, now we have fire sales window dressed as consolidation and the Financial Director resigned. Might be a good time to invest but not for many months or maybe a few years.
Adjusted EBITDA1 profit of US$10.3 million (H1 2022: US$15.6 million)
· Operating profit of US$2.1 million (H1 2022: US$6.1 million)
· Net loss of US$12.5 million (H1 2022: net loss US$0.3 million)
· Free cash outflow2 of US$2.7 million (H1 2022: inflow of US$7.1 million)
· Cash and cash equivalents of US$3.7 million (2022: US$10.9 million)
· Net debt3 of US$90.7 million (2022: US$79.5 million) including Production Financing Agreement of US$35.1 million
Nope, never starting posting about THG on this BB. But do post a lot on THG BB about THG as hold 800k shares in THG. I guess Smorrish had a senior moment whilst looking at where I post. Do agree and per previous post regarding WJG that we are very undervalued and now after the kitchen sinking I think it’s going to be continual positive updates that will get us back over 100p again and hopefully much higher - GLA WJG holders.
(Alliance News) - DP Poland PLC on Tuesday said sales in Croatia and Poland rose, touting its business transformation.
DP Poland is the London-based operator of Domino's pizza stores and restaurants in Poland and Croatia.
Like-for-like system sales in Poland rose 14% in the third quarter year-on-year, and 35% in October to a new monthly record. In Croatia, total system sales climbed 30% in the third quarter compared to a year ago, boosted by new store openings in the prior year.
Chief Executive Officer Nils Gornall said: "We are seeing the benefits of our focus to build a high volume mentality business; delivering a compelling value proposition for our customers based on fantastic quality pizza delivered quickly."
He added that the Croatian business also continues to trade well, with the most recently opened store already surpassing initial sales expectations.
"It's fantastic to see the business begin to capitalise on the potential of the markets we operate in, but this is only the beginning, and we expect performance to continue improving," CEO Gornall said.
Terrible results - Looks like the right actions are put in place (New CEO busy Kitchen sinking here). At least the divi is being held. I would think we could see a circa 5% drop today unless the II’s get that it’s washing all dirt down early so the sink shines later, let’s see?
Cash is king at the end of the day, so the current dividend amounts are easily sustainable and will be. HR Director buying last week was shrewd I note also. We are yielding about 10% per annum in divi’s alone now and looks like potential share buy backs as well for cancellation I think unless we get back to 600p plus. (Cancelled shares save money on the divis to pay of course, no point increasing divi when it at these super high (wonderful) levels already.
Last year we had a trading statement in Jan so hopefully same again in a couple of months.
MM needs to act quickly and max his digitalization whilst cutting headcount way more. It’s a necessary harsh reality, I’ve been on both the receiving end and the top end of this and it’s the fastest easiest way to improve bottom line as other fixed costs are completely fixed like building rentals, utilities etc. My feeling is MM let’s emotion effect his decisions that are in the best interest of the company (& hence it’s owners which are all us shareholders). Revenue will continue to drop so very quick hard decisions needed to grow bottom lines (stem the PAT losses). Profit after tax has been non existent since inception, hidden by a dearth of overpriced acquisitions. It’s time for hard medicine now and if it’s done correctly and quickly we will see a much higher a SP in about 12-18 months. (Otherwise we need a split or a takeover to get some shareholder value here). No quick fixes on the horizon, MM stop your monkey business and drive THG to generating PAT and becoming cash accretive….
Smorris - If it’s not about WJG and it’s someone else’s post then your. Itv on the wrong BB fella. Stick to posting about WJG on this board and THG on THG’s board.
Your on the wrong board smorris, this is Watkin Jones matey.
SEE Seeing machines Raised £27m at 11p per share in Nov 2021. What it’s doing below 11p is just silly as it’s a bigger growing company now than in 2021. Not surprising the Directors keep loading up. A lot of cash rich companies want to get into AI which is trading at big premiums everywhere except here it seems. The only way is up, enjoy the ride moving forwards I think…..GLA Longs
SP has sunk like the Titanic but should rise like Phoenix now (hoping they don’t go up in flames of course). I rate us a strong buy at these paltry prices. As said shortage of Student accommodation and that’s what we’re good at.
Morris Jones it looks like you’re on the wrong BB mate. WJG have made steady money in previous years are break even this year.
Finally some good leadership actions on the way to simplification and increasing profits. Spain looses £300m per year and has little to no growth due to regulations. Very good Omen of what’s to come to return our SP to 200p plus where it should be. (Looking forward to a higher SP in the medium term).
It’s strange to think we was 240p before, no dilution and record top and bottom lines and cash on hand coming (see trading update) and we are languishing at 103p ish these days. [Horrible UK markets, that seem to ignore consistent growth and success). SP’s always find their true levels and I’m sure Sandy and team will have some more good news in the results current and forward statement segments. When people will realize SUP is going places and we get back to nearer 200p I don’t know……
It will take around a year to get results that reflect normality, SP will stay low for a lot longer. Once /If the strike end the writers will start up again but not need ZOO immediately, then you got contracts to negotiate + digitizing + completion approval + say 90 day payment terms etc. We should see a small uplift as the SP will lead results but nothing too exiting for quite a while.
I’m not astounded at all, they have done their update, it’s not good but I also don’t think it’s that catastrophic unless we get another update in few months saying things are much worse. Any form of bolstering the SP announcements would look like panic. It’s all about the next results bottom line here regarding what could be a meaningful uplift or drop. It’s hard to be sure but I’m long and think (hope) it’s way oversold. The inside money seems to be running for the hills, not a good sign.