Member Info for raxfactor

Took a position here after listening the results presentation, and liked what I heard a lot of legacy issues with previous management but that's water under the bridge now. Future prospects look promising and not hamstrung by debt issues, I must admit there has been some odd share price movement on little volume.

Nice to see this nudging upwards on no news when in general it's down day for most stocks.

Excellent results and maiden dividend announced, cash positive $78m with $25m debt to be repaid in 2021, the outlook is very positive going forwards the only downside is that the hedges they have in place come to an end shortly.
However all oil is not equal and JSE's product is low sulphur which sells at premium to Brent prices and will be in demand due to its use in shipping.
Solid experienced management who have a plan and know how to build a successful oil company, being in Australia is close to the demand center of Asia which shouldn't be overlooked.
Good luck to all invested here, even though we are in the midst of a slight pullback, it seems that market can't always recognise a good company when it sees one.

Sizable buy of £152k yesterday no movement of sp, someone is showing new interest here or existing holders increasing their stake, maybe RNS later if Bayford were the buyers.

The South African rand rose more than 1% to trade around 16.7 against the dollar on Wednesday, after latest data showed the country's business confidence returned to pre-pandemic levels amid the gradual lifting of coronavirus restrictions. On Tuesday, the currency depreciated sharply on GDP figures showing the economy fell deeper into recession in the second quarter due to the Covid-19 lockdown. At the same time, power utility Eskom said that it had managed to return four generating units to service and was able to avoid load shedding until this afternoon.

So let me get this right the company is making more profits than it's ever done in the past, it looks like this will continue due to high basket price for the foreseeable future, they doubled the dividend. However because they are sat on loads of cash with this cash pile set to grow even larger, investors are jumping up and down and complaining because they are not giving it to them?
Aim is full of companies with grand ambitions, talk the talk but can't walk the walk they all have one major flaw in that they are loss making or have no cash, or are just out of their depth so here we have prudent management and folk don't like it.
There's always the 3.30 at Doncaster I here there is a good horse running or BP or BT two fine dividend paying stocks, take your pick.

Coal prices fell towards $51 per tonne in September, getting near record lows on weak demand and high inventory levels. The coal market has been under heavy pressure amid growing natural gas-powered production and rising share of renewable energy generation as more countries try to move to more environmentally friendly energy.
Although OPG will have contracts in place and some at agreed prices hopefully they will have taken advantage of coals recent price drop as saving here will go straight to the bottom line.

Increase their holding to almost 14%, plus a slight tick up as well, interesting.

Solid set of results, pleased they have the sense not to throw their cash around for no good reason, in these uncertain times it's good to maintain a high cash balance and see what opportunities arise down the line.
While other companies are tapping their banks for support and loading up debt that's not happening here, and the prospects are good with the basket price looking forward.
For those jumping ship good luck.

Another sensible decision from management, and 20% savings to boot, more flexibility in how often and when the lifts are taken, and as stated the tankers to be used are of the latest design.
Excellent posts MountTeide always full of great info.

at 5 year lows, hope it's the same for where OPG buy theirs and are taking full advantage of these depressed prices.

If they don't get the move right, or excuses are made about problems that have arisen after the completion of the move and how it's going to take more cash and delays before moving into production then that would be my signal to accept some LTH opinions that they overstate and fail to deliver and perhaps even mislead investors deliberately while rewarding themselves handsomely for failure until that time arrives the jury's out.

Although all the main fundamentals are down, at least they are profitable the main event is the move and that will be the deciding factor, get that successfully done and the potential here should be realised, with hindsight we could be looking back and thinking I wished I'd bought more before the move was completed and the sp depressed.

From seemingly heading nowhere for months the results confirm we are now going somewhere, and the repositioning of the company makes some sense, nice to see we are cash positive during a time when others are loading up with debt.
Order book looking good, with opportunity to gain more, smart meter revenue rising, let's hope that FCRM can deliver on the good prospects in a challenging environment.

If there's a consolation, the sp will be higher, would this then give them an opportunity to raise more funds, greater than they can at present?
Just asking.

Excellent results today, the financial performance is incredible considering the situation, debt down, cash at year end up all while maintaining dividends, it would be a travesty if this wasn't recognised by the market, so it's no surprise to see the sp shooting upwards.

Nice post Lindon, liked your posts on Vec, hope your still in there now it's coming good. Good luck with your investments.
Invested in here last week been watching for months.

Not so sure, £220k trade yesterday, maybe a fund exchanging it's position, with coal prices still keeping low and our financial position being okay, perhaps the drop to the low sp we have is down to low volume being traded, a bit of an increase like today and up she goes.

If it wasn't for all the capex involved with this move I think KMR would be sat on a healthy cash balance covid or no covid, it can't be overlooked that this move when completed should put us in a very favourable position, the risk involved in undertaking this move I would of thought will be a drag on the sp until completed.
I can't see ii going all in at the minute just in case it all goes pear shaped, this move will be watched with interest by many until completed, it's only then that I am expecting some fireworks.
All in my opinion by the way, and upto now given covid I can't see what more the management could do to improve things.

This must be really frustrating for LTH as we always seem on the cusp then something turns up to thwart progress, let's hope that towards the end of the year we have turned round the last corner and the potential that is obvious comes to fruition, and the folk who have kept faith finally get rewarded.