Member Info for Nitbhav06

Hopefully we see the sp momentum going in the next few weeks/months. I have a feeling we'll see a lot more institutional investors buying next year.

At least we know Patisserie Val won't be buying us out. What a disaster story that is.

Unv we are still ages away from £100m revenues. I can't see that happening until Stone Alliance is up and running. That will take at least 5-7 years to get fully going. I don't really care though as I'm holding for retirement.

Unv yes that's correct. The potential with fox is astronomical. In my portfolio I have nothing like it. 70-80% margins on average and demand will only start to grow once everyone finds out how good our products are. Unfortunately, it will take 2-3 years to see the true potential. I'm holding 5 years plus. I have absolutely no intention to sell. Accumulating every month and when price comes down drastically. I keep saying it but this is a £100m + market cap without factoring in Stone Alliance. Risk-reward is worth it imo. I like that Fox are stockpiling whilst quarries are closed to keep driving the top line. Great ploy. I hope they fill the cr*p out of the factory.

NMS, in the long term this is a gem of a company to hold shares in. Fox can't even keep up with external demand which should say something. We have a world class product and it's only a matter of time before the potential comes to fruition. You've got to look at this as a long term hold. There is a plethora of marble in the quarries, it's just a matter of getting them out. Good luck whatever your decision. I believe in the company and you can't find margins like this in other industries. The f**k ups have happened no doubt about it but it seems to have cleared now.

We are 5+ years away from £100m revenues. To get to that level we need the Stone Alliance business to come to fruition. I really want Fox to ramp up production next year and give us shareholders a nice divi however, would not complain one bit if they re-invested the earnings into additional equipment, machines and quarries if is represents good long term value.

Thanks Esh, nice summary. Potential upside here is remarkable as is the margins. I watched an interview where Chris showed cost per slab vs selling price. £600 cost of extraction and sp was around $3500-£9000. Unbelievable! When Stone Alliance is up and running we could see a £100m market cap stock. Upside is huge.

Do you know what the max capacity is in terms of how much we can produce on an annual basis? At the moment we can't fully satisfy external demand, is my understanding.

Unvrkw the Stone Alliance project will take 2-3 years to get going as the amount of funding required is £130m, given the size of the quarries. FOX will be managing this on a cost plus margin basis for Stone Alliance. After fundraising we will only have 20-25% IMO as money from the US will be required. Given last set of results equates to 2-months of revenue. We should break-even or turn a small profit.

https://www.forbesmiddleeast.com/en/huge-middle-east-urban-infrastructure-growth-makes-dubai-focus-of-global-stone-industry/

Does anyone know when the stone alliance work will be commencing. Great that we've got a c. 55% stake and pretty much own it.

Ctw I agree. New revenue streams are opening up in terms of tailoring marble sizes to customer needs and introduction of marble tiles. I still think we will need a placing at some point next year. I hope the Chinese orders don't stop as that would be a disaster but Dubai looks very promising. No doubt that Fox have a world class product as they are struggling to keep up with all of the external demand.

Store opening in Milton Keynes tomorrow. This should be a gem of a location. Keep them coming!

They seem spot on. Until we hear something from the US side and Asia, I think the forecasts are fine. It will take us a few years to get the true revenue streams from these markets. The valuation imo is still absurd but I hope I'm wrong.

Skid, market cap is too high IMO. It should be £8-9m max based on current revenue. Although appreciate it's a growth stock but it's not going to double revenue anytime soon.

You mention that you are dissappointed with the results as am I. Crest has a £1bn market cap vs INL £130m. A 65% uplift in revenue is excellent and we have to give credit to Wicks and co. INL is a long term play. The question to ask is whether Crest can be a 10 bagger and for me the answer is no. INL have a plethora of opportunity for growth and in the next few years they will have their own supply chain by having planning permission secured and thereafter building homes on land which they own. This is a 10 bagger in the long term. For the long term holders sit back and relax. I would also strongly recommend people on this board look at Gleeson homes if you're looking for a 10 bagger over the next 5-8 years. It's a cracking company. Excellent results last week and they will keep growing at a rapid pace.

I can see this being played in the coming months. Wouldn't be suprised to see this at 60-70p. Fairly overvalued if you looking at PE ratio however, do appreciate that the company is acquiring tools and ramping up production for VCSELs. Just seems a bit too expensive at these levels. I was in previously at £1 on average but out now as I think SP will come down to around 60-70p. Good luck all.

HH - I'm holding until full-year results are announced. I'll make my decision then as if they aren't good, I'll be out completely. There's no two-ways about it LUCE is an outright punt as things stand. It's like going to a casino as fundamentals are so poor. Cash-flow will take a hit sooner or later and there will be a share issue IMO to raise finance given current liability value vs cash in bank. I can't believe how clueless some people are acting on this board. It will take several years and a lot of luck if this clowns in charge to turn around LUCE. I'm still a holder and I could be wrong but don't be surprised if we see this tank further next year.

Good luck all.

Chris you do realise the CEO has messed up on numerous occasions. I'm still invested in LUCE but was very suprised with the losses incurred in H1. You do realise there will be no divi this year and next year due to build up of debt. We want someone who has a clear strategy for growth and sorting out this sh*tshow. As I keep saying the LED market has excellent growth opportunities but LUCE has to sort out it's margins and calculate them properly! I may be a nutter but I have my hard earned cash in this company and the CEO controls the strings.

I was thinking the same. The company needs to update their website to include a investor section. I'd take a 10-15% uplift vs prior period. Excellent long term hold. I hope pardip takes this to US. Huge market there.