Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Question .... how far do we envisage the price dropping to following the return of capital?
fill yer boots!
As per my post earlier, reasons are plain enough - growth was expected to be more in line with 2020 and it wasn't, revenue has clearly been tempered by the current economic situation even though a number of new initiatives have been rolled out. Don't get me wrong MMAG is an excellent option during a recession - in times of crisis consumers will always look at rental options rather than outright purchase however this has not had enough time to develop and filter through into the numbers therefore will take some time into 2023 before it does. Also there is no indication of what the impact of higher cost has been on margins.
Sitting on the fence for the time being ......
Agreed but tanked to circa 40p after their full year announcement on 2nd March 21 which confirmed revenue had decreased from FY20 revenue as detailed previously. This year they are expecting to achieve revenue broadly in line with last so the max poss price IMHO is around the 40p mark ? Unless they can show growth there will not be a return to the giddy heights of 160p for some time.
However, revenues are more or less in line with last year BUT are down on FY20 (£153.3M), cannot evaluate impact on GM and EBIDTA due to cost increases but FY 2021 EDITDA1 was down 12.2% on FY20, therefore assume in line or lower than this? Question- where is the growth?
Higher oil demand is expected from China after businesses reopened and testing requirements were relaxed in Beijing and other cities as the country tentatively eases out of a strict zero-Covid policy that sparked nationwide protests.
Unbelievable…….You couldn’t make this stuff up!
Apologies to all if this has been posted previously bit thought it of interest ?
https://africabriefing.com/tanzania-coal-exports-exponentially-soar-as-europe-flocks-to-africa-for-natural-resources/#:~:text=Tanzania-based%20miner%20Ruvuma%20Coal%20has%20so%20far%2C%20exported,13%20vessels%20of%20coal%20have%20been%20loaded%20up.
Not so sure about that EBITDA down 51 % on last year?
Whilst revenue in line with last year rising costs reducing GM
Only reason they are paying divvy is to offer sweetener
AIMHO
YAWN ....... Are we there yet ?
Jfallonirl - welcome to HUR!!
Wakey wakey everyone!!!
And there it is!
****ing Trevor needs to pull his finger out !
Another busy day at HUR HQ.....