Member Info for ragnarlothbrok

Link below doesn't work, it a Share prophets article

Seems this guy has been trolling the boards. It seems a lot of the content has been ripped directly from LSE https://www.*************.com/views/31369/why-i-m-happy-to-be-holding-shares-in-suspended-central-asia-metals

Correction - £2m EBITDA per month!!

Well said Visitor. SLP is generating £1m in EBITDA per month - how much money is Jubilee making? Does anyone even know?

No big surprises on results yesterday. Old news now and happy enough with the dividend. We will see the benefit of the higher gold price in the second half results. Got a write up in the Times Tempus column today, which recommends holding based on a forward dividend yield of 6.3%

A lot of speculation over on the advfn board but nothing particularly enlightening. Seems like the best thing to do is forget it and come back in a few weeks. Given this is an AIM stock I am inclined to think that this deal may be like many others, resulting in private investors getting screwed at the expense of institutions and directors

Its all speculation until something is announced. I don't think anyone on here can even find any links in the press at this point

Interesting idea - based on current market cap (£220m) plus a takeover premium could mean its AYTM Mcap is greater than CAML. If the acquisition was implemented via an issue of CAML shares to ATYM shareholders this would make this a reverse takeover. However you would think ATYM trade would also be halted... ATYM wouldn't be a bad bet either way in light of current copper strength It doesn't bode well for CAML shareholders, the acquisition implies some dilution for current shareholders for a new, as yet unknown asset

Surge in PGMs this week, especially in palladium (4.5% yesterday) which is up from $843/oz at June 2017 to close at $982 yesterday. Rhodium closed at $1,150/oz, up from $1,050 at June. Platinum had its first close over $1,000/oz since March. My PGM basket, based on current spot prices is up over 10% v 2017 and Q417. The rand is higher but if current prices persist I expect EBITDA/cash flow to be significantly higher this year and I believe will fund an exceptional dividend. https://www.bloomberg.com/view/articles/2017-08-30/palladium-rally-is-about-more-than-just-autos

Up 10% so far today and given the almost straight line fro 15p this is bound to be getting some more attention. Surely any momentum trader would be hanging on to this right now

Still on a forward P/E of 11 or 12 and a healthy dividend, with some upside from acquisitions. No reason why it can't go through 25p and further if there are no sellers

No sells today and only around 30% free float means big price swings under low volumes when the MMs let it go. Putting it simply there are no sellers at the moment for even a small number of buyers

Velo I believe that a reason for the fall was a rumour of potential changes to Turkish gambling regulations. Although much smaller than Germany its a relatively large share of revenue (10-15% from memory). I'm not sure whether this rumour has substance or where it went but I recall the fall started around a similar time to these rumours. However, things are looking good today so far up 3%. The market has a very short memory

If it wasn't for the strength of the rand it would be a perfect storm for SLP but on balance a positive price deck

Both recent announcements support an improvement in revenue. Coupled with cost initiatives, closing down loss making stores and a shift in strategy may support improvements in margins & profit. A share price of 60p would give a market cap of around £100m. Assuming earnings can be maintained at £15-20m this would give a (conservative) P/E of 5-6 which could be much hjgher with a positive dividend policy.

Never mind answered my own question. Page 12 below, cash net of finance lease was £69m at January 2017. This dropped to £51m in February due to working capital movements. This has dropped a further £4m to July 2017. After £10m of capex, tax and interest, dividend etc there was some operating cash flow http://www.gamedigitalplc.com/~/media/Files/G/Game-Corp/documents/results-reports-presentations/2017/interim-results-presentation-2016-17.pdf

Yes, cash improved by £4m from July 2016 to July 2017. However the reported cash balance at January 2017 was £73m which reduced to £47m at July 2017

Game had £73m cash at the half year and at full year £47m. Any idea where £26m cash has gone in 6 months? Dividend, interest, tax and capex probably less than £10m. Implies negative cash from operations in H2

Dan can't argue with your numbers. Unfortunately this share has been hovering at valuations at around this level for many years now. I think that the only way this will get attention is via sustainable shareholder returns. Dividends should start soon and given low P/E and cash generation ability the BoD would do well to consider an on market buyback, either of those would bring the price closer to a sensible valuation

What's the IC Kid? I could use some positive comments!