focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Anyone have any guesstimates what the operations costs are expected to be this year?
dhlindy - thanks for the info.
I agree if sales are not forthcoming.. however if they are .. and i guess we will get some guidance at the end of this month.. then i deffo wouldnt want to be short..
Was just thinking exactly the same thing.. you cant argue with the SP.. However might pick a small amount around here .. surely at some stage over next 12 months sales will pick up - mkt cap vs in situ marble valued at aroun 16 billion euro looking too low unless there is some news we dont know about
Assume you are short so you should be happy currently. Definitely a jam tomorrow company but when you have Eur 1.6+ Bn euros of Jam im happy to wait.. you could argue on an NPV basis the company is massively undervalued (if you believe sales will come). Negs Factory still not yet completed as of October interview which is impeding sales and massively overrunning. Possible production interruptions due political and weather risks Pluses High quality, high margin product which the company owns. Only marble listed company in the world Sivec marble which is highly prized Many countries with growing middle class markets Board has a lot of experience in building materials market.
Banksman.. you referring to the Trade Fair itself or is it a potential deal you have heard about?
Where do you get 13p from ? would seem on the charts support at 16.75 and then 15p. cant see any reason for 13p as a figure? Mind you would be fine if it did get down there .. would be a screaming buy..
Agree and actually SP recovered pretty well from earlier..
I Agree Rollthedice.. but not sure the bubble will burst.. Marble market is strong and growing over a long period of time .. with countries such as India and Chinas growing middle classes expected to expand massively can only think there is limited downside for products like this.. "By 2030 around one billion people in China could be middle class — as much as 70% of its projected population. India’s global middle class, meanwhile, at around 50 million people, or 5% of the population, is much smaller. We expect this to grow steadily over the next decade, reaching 200 million by 2020. After this, we expect growth to really accelerate, reaching 475 million by 2030 and adding more people than the Chinese to the global middle class worldwide after 2027." So whilst in the short term could be a little pain.. in the longer term outlook can only be bullish.. Anyway thats my outlook.. long term!!
All the info in the report is already known and contained in previous RNS.. i.e. revenues and delays.. think the market will fall anyway .. as previously stated they will get the factory up .. concern is only over sales ... the Chinese order is a concern as this has been expected for some time and no news..
Unvrkw. Think you are correct. The delays are only temporary and in no way the fault of the management. All negatives currently reflected in the slightly lower sp. In the unlikely event the price went to 12 on no new RNS .. i would hoover them up at that price! The only issue holding back the sp is future sales contracts. China economic woes a slight concern. Good product being mined and finished now.. great margins.... All the best
Looks that way. I.C. yesterday referenced brokers W.H. Ireland belief that U.S. business is worth min of 38p per share, (£11m) and that conservative estimate.. If there is also potential for possible U.S. sale then still looks like a good hold (and buy) at these levels..full year results due Oct 5th
Nice... I do like S.T.'s value plays .. looking forward to the review tomorrow.. cheers
dhlindy Assume that was your post on I.C. today... yep thought the current price was far too low.. probably wouldnt sell for under 1.8 currently
Given the I.C. share tip in May valued the retained U.S. biz at .40p a share there should be further upside from opening levels.. also intersting that the U.S. outlook in RNS was also bullish. Think will hold on for time being..
Wowser
Nice move.. pretty much back to pre RNS levels here.. wont suggest its down to clarification of Chinese orders out shortly .. but that would be nice.. Glad im not short anyway..
Cynic.. haha.. but in fairness they had already issued a buy in June so would have been suprised if they had chosen to ignore the RNS.. that would have worried me! Anyone need some marble for their kitchen?
Just another quickie.. IC have re iterated their Buy Rating on Fox today
For investors that have been long this company far longer than I have i'm sure another delay will be completely frustrating and the machinery issue will certainly affect margins for 2015 ..but I intend to stick with this for the long haul.. several reason I like this stock.. No other listed marble company.. for their high end Sivec marble only one other competitor, and this is the stuff that clads one of the modern wonders of the world the Sheikh Zayed Grand Mosque.. they arent a junior mining company but as CG has said they are more like a building materials supplier.. the marble is in place and is being quarried now.. for their finished products especiallly the high end product the margins are large (pretty good for the lower end product also!).. marble market is v.large and is growing (Chinas economy if slowing would likely result in order reduction though) .. at some stage the factory machinery will be 100% installed (fingers crossed), barring any political upheaval would only leave the sales side to kick in.. as I understand it once they are established they intend to pay out a large percentage as dividends.. maybe a short term yawn but still v.interesting for long term imo