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Wasn't and never have been interested in reading your views once again. Was more interested in others opinions but you alone have destroyed this board by trying to undermine anyone who dared make a negative comment about KMR,
I'll stay logged on waiting on all your followers proving me wrong. Better stay up for a long time. BTW.... Try and get a life outside of defending KMR
As I said to Cap once again, We SHALL SEE..... re your accusation about abhorrent comments.
You've posted brainwashing rubbish on here for more than 7 years. Not once have any of your posts ever come to fruition.
As I've said over the same past 7 years 'CARVILL IN DISGUISE'.
Interesting to note that none of your previous b*m boys ever post nowadays to support your rubbish. Only a loser continues to back a loser
Ran out of money yet again as some of us stated some time ago. So much for any expansion being financed through cadhflow. Massive increase in debt compared to existing level. Many more years of stagnant SP.........
Like you I can find no reference on KMR website. Kinda sums up their lack of professionalism. That said, with respect, he didn't do a very good job as Group General Manager Sales and Marketing. Maybe that's why they didn't see fit to pass comment. May he rest in peace
I don't believe that I am missing the point but only time (YE 2019 and YE 2020 results) will tell. My point was that I don't think that KMR can fund their planned Cap EX from free cash without going into debt. Yes. they will continue to repay the loans at circa 10M per every 6 months which can only be a positive, but in laymans terms I think they'll have to go into 'overdraft' to do so. As I've said before, not a criticism, just my opinion. And on that basis Nickel's view may not be that far wrong. His opinion being along the lines of - 'don't expect much of an SP increase over the next few years'... Based on the last 6/7 years it would be a brave(stupid), man(woman) who would disagree with that thought. Much to my disappointment, my opinion has been correct re the SP for the same past 6/7 years. I'm sure Nickel would be as delighted as me to be proved wrong over the next 1/2 years but I'll let him answer that one........
On a more positive note ......at least the guy who thought he owned this site has stopped posting. My guess is that he went from respecting your posts to then being very very critical. He then realised OFFS I've made an AR&e of myself. Maybe I should let others express their thoughts with no recourse............ BTW Once a T'T always a T'T.......
Hi Matt. I find myself in the very unusual position of (almost) agreeing with someone who defends (KMR).
Of course you're correct in saying that repayment of debt increases equity but that's only true if you've got the free cash to repay the debt. I mentioned a while ago when KMR announced their major Capital expenditure that I didn't think that they could finance that plus repay long term loans (10M every 6 months) plus pay a dividend without going into short term debt - not a criticism just a point of view. In our laymans terms - the equivalent of you and me going into overdraft in your current account to repay your car loan. ie Robbing Peter to pay Paul. In other words I'm not convinced that they can 'finance' everything through free cash. Year end 2018 cash position was circa 13.5 positive, 6 months 2019 was 3.5m. I accept that results should be backloaded towards the 2nd 6 months but during the same 2nd half they have to repay another 10m in loans, payout a divi and continue to finance the Cap Ex as that expenditure ramps up.
Put slightly differently. I don't disagree with everything that Nickel Investor says because I think he's got a point. Saga also makes a very good point that 'managed cash flow' is not out of control. I'm not for a second suggesting that it's out of control but I still think KMR will dip back into short term debt trying to do all of the above. Does that mean 'managed cashflow' or 'managed negative cashflow ??
As Nick says - let's not get too excited pre 2021
..........And first to fire back will be the same BF guy..........
Matt - My apologies if you think I'm wrong to throw stones. If you look over the past 5,6,7 (or was it 8) years you'll find that the stones are only ever thrown at 2 posters. BF and ****. Sorry about that but the red mist just comes down with the two of them every time.
The first one because he can never accept any sort of negative comment against either him or KMR, the later because he banged on and on about a fiver by Easter.
He made that comment in 2015. I guess my mistake then was not asking him 'what Easter' ?? To give him some credit, at least he now doesn't post his nonsense on here any more, whereas the BF guy still does.
Up until now BF saw you as one of his loyal men. You post a very balanced opinion (criticising him) and his response is 'bye Matt'.......... that tells me enough.
After last week's half year results I reckon we've got more people posting on here with more balanced opinions than ever before. In my humble view that can only be good.
My only problem is that the BF guy will always drive normal, sensible and non biased posters away
Ever the optimist I think I'm earning more winners than losers on here but let's let other posters decide ...........
rubbish from the resident, dictator. Nickel investor makes a valid statement and gets a sarcastic response.
The Irish Times publish a balanced article and are described as comedians. The SP is down 5% today but hey, the market will also be wrong.
Very tedious and embarrassing with the usual defence. More of "we nearly got it right but don't worry, the next 6 months will be better" from KMR.
Where have we heard that before.......
Greeno - a very encouraging rise in the Sp but you and I both know it's not based on little news. It's based on II'S intelligence and the markets view on where it might go.
We're all looking forward to next week's announcement. Push the Sp higher, hold it's own or slip back again ? I'd never try to predict.
If I was rattling the keys on here as a daft wee laddie I wouldn't pass comment about you pumping your ISA with KMR Shares. If I was suggesting financial advice, I'd say you've gone a year too early.
Let's hope we're all happy chappies next week
I hope you reach you're predefined objective sooner rather than later so that you cash out, **** off and give the rest of us a chance to hold a balanced debate rather than getting your nonsense rammed down our throats every time you post your propoganda rubbish
But still circa 60p below a one year high during a booming global economy, booming demand and solid prices. Hardly worth getting excited about. Unless you're easily pleased
Cap - worry not about grade quality. They'll quickly find an answer in their "book of excuses". For a guy who has been wrong for the last 6 or 7 years that clown who tried to advise you a short while ago about who should or shouldn't try to educate has got some nerve.
Thankfully I've never been duped into believing any of his rubbish
Cap - ok. Happy to agree to dissgree. The half yearly accounts should hopefully tell us a bit more.
Yet another poor set of figures. Colleague safety is paramount but you can always tell what's coming when the safety record is number one in the highlights. I was shot down as usual when I suggested net debt would increase substantially this year. Already 10 mil worse than year end and major capital expenditure still to take place.
Cap - why no mention of a dividend ?? There won't be one. Interesting that no matter how disappointing the results and subsequent SP performance are, it's never their fault.
Masters at blaming someone or something else.
This time next year ? Nah - don't think so
BF'S Ar?e.. ???
Cont, .....Don't give us your usual nonsense about buying. You claim to keep topping up when the SP drops to 2 quid. That being the case, you're even more in negative territory than you were a couple of years ago when you quoted '5 quid by Easter' Credibility - ZERO. So not even worth engaging in conversation.
Cap. LOL Not sure where you sit, so good luck.
Greeno - as ever an honest assessment about being disappointed about the SP - like the rest of us..
BF - Don't run home to your 'maw' (mum) in the huff, crying that a big boy ran away with your 'baw' (ball). Try and remember that it's not your ball.
Without doubt your knowledge of KMR and the Industry that they operate in is miles ahead of the rest of us. Just try and accept that some of us might have a slightly different opinion.
You know that I don't rate MC (and his bods) . Whether I'm right or wrong you should (grudgingly ?) accept that's my point of view.
Pardon the pun, but as I've said before, MC, dug KMR out a hole with new investors. Again, as I've said before, at that watershed moment, he should have fallen on his sword and run off with his swag bag,.
Fact is he's hung about, him (and his minions) have milked salaries and share options far above what Directors of a Company that has failed to deliver on Shareholders return should have done..
BF........Let's be honest, unless you're MC in disguise, you surely must be disappointed. YES/NO???
Give me your honest feedback, cos your maw's let you back out to play as long as you're home before it gets dark.
IS the SP where it is today, compared to what you spouted 5 years ago and if not why should anyone listen to your continual ramping???????
Happy to discuss xxxx
The thing that I find most interesting is that he's lost his band of followers on here who used to worship every word of nonsense that he spouted. After years of being brain washed. they've at last seen the light.
Perhaps if he was prepared to accept that others were entitled to have a different opinion compared to him, more people would contribute. It's either his view or no view as he continually tries to defend the indefensible.
To quote his phrase, I'm not pining over the Capital expense but as I posted last week, it's a huge chunk of money and my humble opinion is that they won't be able to finance it from earnings alone and payout a dividend at the same time. Sounds like Nickle Investor (and the markets over the past week??) have similar views. That's not to say that I don't think they should invest, just my back of a fag packet calculation. But because it has a slightly negative tone and isn't what he thinks then we're not allowed to voice our opinions without getting shot down every time.
BTW, you won't get a sensible response about where the SP is. It will be more nonsense about market prices and how none of us have the intelligence to see the bigger picture - the 'bigger picture' that we've been hearing about for about 6 years now.
Once again lowered himself to stupid insults because someone dares to question his written nonsense on here.
Sadly there's only about half a dozen able people who dare voice an opinion here. As I posted earlier other LSE sites have numerous different opinions. Why does no-one ever speak on here ? Because one t*t seems to think he knows all the answers