Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I suspect that the company is at or close to free cash flow status, and that it is generating decent revenue from major clients such as Experian, GM, and NatWest.
The turnaround plan is supposed to be going very well. These shares will look radically undervalued once the update is released.
The company previously announced that the update would be released by mid April so we don’t have long to wait……
Https://www.bing.com/ck/a?!&&p=fec8f1ba2d4da141JmltdHM9MTcxMTg0MzIwMCZpZ3VpZD0xYTJkZTMzNy1lYzgyLTZiN2QtMGQ3Yy1mNzY0ZWRhNTZhZDImaW5zaWQ9NTUyOA&ptn=3&ver=2&hsh=3&fclid=1a2de337-ec82-6b7d-0d7c-f764eda56ad2&psq=s4+capital+news&u=a1aHR0cHM6Ly93d3cudGhlZHJ1bS5jb20vb3Bpbmlvbi8yMDI0LzAzLzI3L2Rpc2FwcG9pbnRpbmctczQtZmlndXJlcy1zdWdnZXN0LXRoZS1vbmx5LXdheS1sZWZ0LXNvcnJlbGwtZ28tdXA&ntb=1
Am really looking forward to seeing this update. The company reported momentum in its sales performance previously, and if it hadn’t been for the hiatus over the fraud investigation last March, we would have seen a US listing.
I wonder then if Kelly will refresh the US listing plans?
How strong has trading been?
Darktrace’s recent results were excellent, I am frankly expecting something similar here.
The current share price doesn’t reflect the current value of the company, it is soon going to look very very cheap.
Shift from pilot to programmes leading to increased revenue.
New commercial model being developed which looks very exciting.
Cloud and computer revolution / disruption which SFOR hope to be leading.
Net revenue / EBITDA in line with expectations
Broadscale relationships being widened and leading to better revenue flows.
Net debt : £181m - tight cost controls.
2024 EBITDA expected to be similar to 2023 but H2 weighted
Focus on buybacks, debt reduction, and dividends.
Things are a lot more stable according to the conference call, especially amongst the larger clientele.
AI: very effective on the recent Burger King campaign. Focus moving to intelligence and insight, leading to PersonaFlow. Compelling pipeline coming through. Working heavily with Invidia and other technology partners.
21 postings on here so far this morning, of which 15 are positive. I would say just on that straw poll that the move should be positive this morning and as NigeCo explains below, the update beats expectations on a range of metrics.
I agree, this share should rally today.
I wonder what the various 'predators' think?
Good update, the following highlights:
"Full year results in line with revised expectations. Net revenue2 down 2.1% on a reported basis, down 4.5% like-for-like, [as expected]. Net debt7 at £180.8 million at the lower end of targeted range of £180 million to £220 million. Net debt is expected to fall in 2024 reflecting positive free cash flow and significantly lower combination payments. The targeted range for the year end is £150 million to £190 million. We continue to aim for financial leverage of around 1.5 times operational EBITDA over the medium term.
Over the medium to longer term we continue to expect our growth to outperform our markets and operational EBITDA margins to return to historic levels of around 20%.
Operating profit £20.2 million, an improvement of £155.5 million on the prior year, primarily due to lower combination related payments. Basic loss per share of 0.9p, compared to 27.2p basic loss per share in 2022."
I think the shares will rally on this news. That is a substantial improvement in operating profit and the company is clearly becoming much better placed to move to being FCF in 2024 / 2025