Member Info for Mostyn

When you think it was not even 2 years ago we had the pit wall collapse and a terrible rainy season that pushed the company to the edge and here we are now with 5 class assets spread over 4 countries, its actually reassuring how our BOD have come through things given the fierce scrutiny they have come under from P.I's.

With ever increasing gold prices and the ability to overcome obstacles, the recent coup is not overly worrying.

I like HUM's story and I think it will only get better

I've been in since quindell days and have recovered most of my investment. But what next? Only ingenie and a couple legacy (potentially positive) court cases/litigations left and a few mill in the bank or could more sales/settlement news be on the horizon?

Chill out fellas, let's just wait for the results. They will do the talking.

I think we'll see results by the end of this week and that they will make for very good reading... Hopefully the SP will rise towards then and roar ahead following the release.

IMO. GLA long time holders and new investors

It should keep increasing upto the Q2 & H1 results and then it should fly. 70p short term is not unrealistic. £1 by Christmas is definitely a possibility, but we might get a takeover offer before then.

IMO

The institutions selling down their holding are doing so as they've already made their profit targets as they bought in at a great time with low SP. They have investment parameters that they stick too, so obvious rebalancing. New institutions and retail investors will take new positions at the higher SP and the cycle will continue due to gold being a defensive stock and HUM are hitting desirable KPI's.

The Co is generating a lot of cash and is net debt free.
Management IMO has learned from past mistakes and is setting itself up for a bright future.

I know what you're saying and thankfully it's a small percentage of my portfolio, but it just frustrates me with the scale and scope, the wasted opportunities and money over the years are mind boggling, but hey ho, I've picked as many big losers as I have winners.

In all honesty £1 per share is not unreasonable. It would value HUM at £355 million which is not overly ambitious in my opinion.

I've been with British gas as a shareholder and customer for years. Today I have left as a customer and soon I hope to leave as a shareholder. Significantly poorer on both fronts. When trying to change names on prepayment accounts, I'm sent final demands as apparently I owe money, despite the meters all being in credit. And it is all estimated, yet they can get their debt agency onto me...figure that one out. Spirit Energy is a mess and the nuclear arm is going to cost the company milliobs/billions in the near future IMO. Hive is not contributing anything significant to the books, but I do like Hive. Possibly my worst ever investment. And to think when I made my decision it was between this and the national grid. I could not have been more wrong.

The SP is going to fly up soon. It will take everyone by surprise....

Straight up.... Hummingbird is currently net cash flow positive and debt free. That's a fact

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