Member Info for oogleflugal

The other side of the coin is that they are a bit stuck in illiquid stock. As in common with many trusts. The nav gap has widened significantly, currently around £6.75ish. Like the top ten holdings, so definitely value appearing now.

here we go again.Another 45000 share to dilute. Might not be much but it seems relentless. Is there no end to nest feathering at shareholders expense

The problem is that they launched on the back of the huge COVID spend. which no longer supports the growth value. Its an undeniable good company, just another bad example of mispriced IPO by the greedy city boys. Not likely to help future IPOs unless they can come up with a better way, because valuations always seem to be a complete gamble under and overpriced.

AGM meeting presentation on IMC this morning 10 a.m. followed by trading update on May 23rd .

Apologies if this has been posted already from Vox. Ben interviewed by Zac Mir. https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-ben-crawford-ceo-centralnic-01359f2
I swear Ben must be Eddie Jones's brother. People say its hard to understand what Centralnic actually does. "its quite simple really" We enable companies to trade on the internet and cross sell amongst our acquisitions. Its clear the market is a little suspicious, even Zac sounded slightly incredulous at the figures

Saigosally, there are many different options open to them on their way to creating a billion dollar mining company. I get the feeling that they have built up a very good relationship with the Namibian government. They released a 5 year plan on April 6th. As and when cash is needed will depend to some extent what is happening at the time of new phases. Currently it all seems well in hand. Yes undoubtedly cash injections may be needed at different stages.
The financial part of the 5 year plan shows: AfriTin currently generates US$800k a month in operating cash flow from its Uis Mine and is fully financed to complete the commissioning of its Phase 1 expansion and testwork programme for the 2022 calendar year. Project expansion is being financed by a project finance facility through its banking partner Standard Bank Namibia. Thereafter, the Company intends funding its strategic development activities at Uis Mine, at B1/C1 and at Brandberg West, mainly from incremental Phase 1 cash flows and through appropriate financing options on a project by project basis.

Seems to have been an enormous amount of BOT trading holding the sp this morning. So I took the hatchet to my PF this morning to raise more for my sizeable holding here. So before I 'm accused of ramping I'm absolutely all over this stock. The message from analysts is clearly don't look the gift horse in the mouth! Incidently LSE the current sp is now£1.28

Sadly with everyone bulking up in defence, I want be surprised for a third or is it fourth consecutive year update of record orders exceeding expectations.

I doubt it is under the City's radar. Michael Ralwinson was appointed as non exec director just before Christmas which was one of the most significant moves for me. He is also involved with Adriatic mining, Hothschild and service provider CAP D.
In case anyone missed it or is unaware, his CV includes: Glen Parsons, Chairman of AfriTin Mining commented, "On behalf of my fellow board of directors, I would like to welcome Michael Rawlinson to the Board. Michael brings a wealth of experience to an already impactful board as a result of an illustrious career in his previous roles in mining finance. His vast experience and input to the Board will provide a valuable contribution as AfriTin transforms a significant resource into a tier 1 technology mining company."



Mr Rawlinson was previously the Global Co-Head of Mining and Metals at Barclays Investment Bank between the years of 2013 and 2017. He joined Barclays from the boutique investment bank, Liberum Capital - a business he founded in 2007. Prior to this, Michael led the Cazenove & Co (then JP Morgan Cazenove) mining team from 1997 to 2005. Michael joined the Flemings Graduate Programme in September 1992, going directly into a Corporate Finance role.
The dots are lining up!

Good signs of progress. If they don't have any more expenditure this year, then the results are actually quite impressive if they can keep going at this rate. What exactly is a small company going to do with 20 million cash. Return it to shareholders?

I saw an interview with one of the fund manager from Gresham. He was talking about having missed out on AFX having sold too early. Originally it sounds like they wanted to buy the whole company, but AFX wanted to IPO. They were hoping AGFX would be a good replacement, which thus far has been a disaster. They certainly like to stick their neck out when they think the market has got it wrong and more than happy to back up with investing their own cash. Hopefully if they ever get fuel supply sorted it should more than compensate, even though INSE don't directly benefit from fuel prices.

Mind boggling! They could grow at 50% a year for the next decade and still only have 1% of the market. Cash balance has grown from 55 million to 87 million in first quarter so debt now below EBITDA, making CNIC a low debt company. No wonder Ben has such a wide grin. Market reaction is stupifiying. Are they concerned it will spur CNIC on to more acquisitions! Who cares if this is the result. Its probably a great opportunity to buy in this clearly depressed market.

Reminds me of CAPD when they did a placing at a knock down price. Took abut 9 months to move forward. There was a problem with the exiting founder offloading shares. The equity raise was larger but they had no debt I seem to recall. I think when the results show what kind of cash they are generating, the debt won't look quite so daunting. Can only think that is a continuing concern to markets. Again they tried to allay those fears by saying lenders would be queuing up to refinance on more favourable term than they have had in recent years. Must be on a PE of 9/10 which is ludicrous for one of the best growth stories in Europe or the world come to that

Hi Trek. I remember you from good old TTG with rather disappointing Covid checker. I gave up on that when I realised neither they or their agents seem to get their act together. How Covid has played the market as well as the global population.
I got into JIM on the drop and CMCX. I think they are both reasonably oversold and great dividends which are as rare as the proverbial these days.Had to buy Jim as I switched all my accounts to them last year. A breath of fresh after IWEB, IGG, LLOY, BARC ETC. Polite, efficient and they answer the phone! JIM that is. Gl

not overly surprised at some of the negativity here. £5.00 really? Hope you opened a short if you believe that. Anythings possible. Only open short appears to be by a company for .5%. Morning Star have a fair value on this of £18.00 Bach in February.
Rocketed during the pandemic and has lost some grocery trade but thats not its main business. Has had a few recent issues with successfully defended copyright litigation and wobbly robots, and two fires? In fact considering its been a pretty difficult year I would thin they have survived pretty well
Berenberg have upgraded. Stockopedia have it as a multi screen superstock and nifty thrifty magic formula growth stock. They had a raise (about 20%) 2 years back at £18-£20? Realigned with M&S as provider and delivery, reached a high of £27.70and now £10.42. Lots of director purchasing which I find very positive. Also it very much tends to do its own thing against the market trend. Japan which is seen as the innovators in Robots, Ai and automation has suffered a similar sell off in the last few months , so not convinced this is a company specific issue. This is a leader in its field.
OCDO looks like all things to all men right now. Growth, defensive, technology. All the things the market is not sure about making it look like the bargain in the market to me.

Good grief I thought you were describing the Russian backed tory party for most of that post Slater! 'they are on the whole extremely insular people who deem nationalistic pride (even if it is built on nonsense) one of, if not the most important thing. Corruption, nepotism and cronyism are so embedded in every aspect of life they don't know any different. ' Yes thats tories to a T'

There have been a umber of board changes. I think many don't realise this company was founded in 1982 I think. Definitely eighties. Unsurprisingly there have been a few retirements and the death of one of the founders. So yes there has been a transitional phase. Illness in both company and auditors have delayed results. Apparently they may even have to appoint another auditor. However despite set backs, if they are seen as such, trading is expected to be slightly ahead of expectations. There are a lot worse investments out there and I'm getting 3.5% div on my original investment.

How useless is this trust? The Nikkei is nowhere near as bad as Ballie Gifford trusts

"and down she goes' ? Sheer genius P. See if the FT will have you

More exercise of options yesterday. Thats all they do, feather their own nests. So you have to buy more. The dilution is slight but it seems to hack the meerkat off. Mano issues a slight warning yesterday, although they are more to do with litigation. They made the point that since their year end, government support for insolvency , furlough and the ban on tenant eviction has ended. In just a few weeks since their results they have seen an exponential rise in business and cash generationn. Could be the same for BEG. Way too cheap in not just my opinion but also Stockopedia.