Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great responses Paulof2 and skittish. I really enjoy this BB. Thank you very much
I'm trying to work out the sales drop. OK it fell off a cliff in the initial stages of corona, but being largely ditigally based now, and people saying sales have recovered, why are they still something like 25% down on pre corona levels? Something just doesn't feel right.
The old saying of "if something seems too good to be true, it normally is" springs to mind.
I would really like to see sales exceeding december 2019 volumes. But wdik
IMO
The Chinese will be looking to buy us out. There has been a massive wave of Chinese buying gold producers around the world.
But.... Do the various members of the Betts family control enough stock to stop it going though as the offer price would not be much above 40p IMO and I doubt the Betts would want to sell a family legacy
I was talking about Home Essentials only. The newly launched, standalone site. Check it for yourself. Not many ratings, but all bad.
Yes the clothes brands have great consistent ratings, and I am not questioning them. But the company made a bit of a fuss about homeware sales increase offsetting clothing sales decreases. They also state that great customer service is one of their 5 core strategic values. I would hope this is carried over to the homeware division as they have clearly provided great customer service to their clothing customers.
Thanks Paulof2, Hanskrankl and Ian.B. I appreciate your responses. The results will be interesting.
Cheers
I'm not trying to be negative here, but big fanfare was made of home essentials sales up 75%. But from where as it is a newly formed division/standalone site. The app and mobile site lok really nice and user friendly.
75% increase on £10 isn't much, but 75% on £10 million would be fantastic. So I'm trying to work out the starting point for this massive % rise.
Having read some reviews on trust pilot, they do not make good reading going forward. A fair few complaints, and people do read them.
Im looking at the SP at least doubling, but will it be sustained. I respect a lot of the long term posters on here and the debate and analysis has been first class. Can someone offer a view on this? Cheers
Where does it state the loan is undrawn? I can see the overdraft is undrawn. Thanks
It's just that the latest trading statement doesn't clarify the loan in terms of their debt obligations and ceiling. The fact that they also can't pay a divi whilst they have it as Clemoc says doesn't bode well for certain dividend funds who may or may not be investors. If I was hoping for a smash and grab recovery then this would be of slight concern.
Long term is what I'm looking at, but the online market space is going to become over crowded with traditional highstreet retailers and newer more nimble online only businesses. Asos and Boohoo seem to grab most of the headlines, Next and M&S have loyal following to name but a few. Then you have Jd sports, sports direct, TKmaxx etc but BRNG do have some solid labels. VERY Group is spending a fair bit on ad space and is clearly visible whereas we've cut out budget to the bone. I think people might be pinning too much expectations on the next set of results. But again IMO
They are deliberately unclear about the additional £50million loan from the gov over 3 years. Basically it's their entire cash balance. So without that £50mill, things look a lot worse.
IMO
Nearly £2 per share in cash reserves which will be dispersed to shareholders via divi's, plus Ingenie is still left which has value.
Plus maybe some other small legacy incomes.
Not too shabby given the mess this Co. Was in a few years ago. I have been on the roller coaster ride for a long time. I'm looking forward to getting all of my money back and maybe a small profit
To be fair HUM have come along way and to his credit, Dan has backed up his words with positive actions. Gold price is a very welcome added bonus. But the SP still struggles to break through 30p. Why? We have diversified albeit non producing assets and a long term wholly owned gold producing mine. Low debt, soon zero. Cash flow positive. Supported by indigenous populations as we employ them and provide other initiatives.
I would say we are considerably under valued and if there was any hint of a divi or buy back we would fly.
I've got 2 questions:-
Will the bond conversion into shares dilute the SP?? I know it's stated at 52p from memory (or is that $0.52) conversion price I believe.
Does the bopd drop from Q3 to Q4 worry anyone? I understand they've been playing around with the Wells in Q4 and virtually producing all the oill from 1 well, but something doesn't sit right?
I did like the point about potentially drilling another producer ASAP though.
Thanks in advance for any opinions
Oil is not in vogue, but still incredibly essential. But China is the market that effects all commodity prices from iron, coal, oil etc and with an already weak growth trajectory this year, the corona virus is going to make Chinese figures the worst in over 3 decades. Its trickling down and effecting a lot of stocks. IMO
This is what I'm worried about and many smaller P.I's have a higher average than current SP :-
"Centamin is one such example, with a series of disappointing production figures over the year having depressed the share price by around 26% to 112p from a yearly high of 152p in late August, a factor that analysts such as Shore Capital's Yuen Low think was a likely factor in the timing of Endeavour’s approach.
The mid-cap firm also isn't the only gold group on the list of possible targets, with Peel Hunt's Tim Huff citing AIM-listed Hummingbird Resources as another candidate due to its Yanfolila project in Mali. which he said made the firm another "strong cash generator" with "a good single asset".
I did have responses as stated from Mr Munro and Mr Ross (who is taking over from Mr Munro as he is transitioning to Cora)
Unfortunately they did not answer any of my questions as they were both busy for various reasons and failed to respond to me on the days they said they would. Does that sound familiar regarding time frames?
Look, I like the Co and what they are doing and what they have achieved. I'm just disappointed and my concerns like so many other PI's are extremely easy to rectify but are simply not.
As much as I appreciate the apparent info provided on this forum of emails from Bert, I would prefer to hear it from the horses mouth in one form or another i.e. Phone call/email - they have my details or a presentation or Q&A of sorts.
What does the IR/PR company actually cost them?
I know Sands. I think he's more interested in cricket than keeping shareholders informed. Amer is debt free, 50mil in the bank. Big partners carrying exploration and a valuable 100% owned pipeline, but longer term shareholders are facing big losses on an unforced sale!!! The same could happen here, but hopefully not.
We just need a bit of transparency and clarity on the gold sales and interconnected private family business's and that would help.
Having spoken to directors at Bunker Hill mining, they consider HUM an important investor, but HUM hasn't said anything about interest payments or converting any of the loan into equity. Something on this should have been announced in August/September but all we know is they restated the value of the loan downwards in our accounts.
There is a lot to like about HUM, but my worry is that they needed investors to get the mine built and now they can happily jog us on and take the company private on the cheap and then reap the rewards.
There is a lot of consolidation going on in mining at present so we could be bought cheaply. Look at how Amerisur Resources is about to be sold to Geopark for a pittance.