Member Info for raxfactor

10p out on my figures lol.

Disappointing that they should miss their stated targets, and the markets
predictable reaction, you would think that they could understate the projections leaving some room for manoeuvre when as they state the gambling business is in such a changing environment.
Still the business has no debt, cash in bank and maintained its dividend and now on a very low p/e, great for new investors, not so good for lth considering the sp reached 71p + before the tender offer at 70p.
Hindsight what a wonderful thing

Hello Harry,
I don't think so the financials are there for everyone to see, and the order book is solid going forward, we are trading on a low p/e so patience will hopefully payoff in the end.
The business is also targeting differing revenue streams which in my opinion is de risking the business from being to reliant in one area.
Dividend increased, the only downside i can see is from being debt free we now have £3m of debt, but that has been spent on buying assets, so things looking very good.

Article regarding platinum and what factors will encourage a price rebound

https://moneyweek.com/515211/platinum-price-make-a-comeback/?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter

Quick flick through the results and worth the wait, a good solid company with healthy order pipeline, and a nice increased dividend, and no massive debt burden.
Futures bright the futures FCRM.

Check out the chart good old Mor has sweet talked the market into a reversal of fortune .....well for the time being at least and today is ex divi day i think.

https://lse.swingtradebot.com/equities/PTEC:LSE

Plus the charitable donations debacle is now history, even if you ponder if the charity in question was the right one to support in first place.
Anyway I have talked myself into its buy at these levels.

I have been watching Fxpo, what catches my eye is debt being paid down if it carries on in a similar mode down to about £200m in the next twelve months, so well under control, looking to increase productivity, profitable even if the market is volatile and subdued at present, a low cost producer therefore can withstand the market fluctuations, pays a dividend and on a low p/e.
Surely this must be on many a watch list, or is it just unloved? or the Ukraine factor holding it down.

Well I thought that the news that the judge upheld the verdict in VEC s favour was great news, although GSK can appeal, they will not be doing so from a position of strength.
Will HIK come calling before GSK who knows but even if one of these doesn't another suitor may.
All looking interesting now VEC future is looking a lot brighter than it did, with the special dividend combined with a share buyback plus the share consolidation and not including the cash from the court case, I would like to think VEC is worth more than its current mcap, with the additional benefit of being a thorn in GSK side, which will have to be removed at some point, the burning question who's going to do the removing?

Harry,
Not even looked at the data, just the sp which hasn't budged an inch, if things were really in a perilous state we would be in the teens, but we are not, just awaiting the accounts to be signed off and an update on operations, and lastly will the dividend be maintained or reduced and played early December as per usual.

Maiden interim dividend declared of 1 pence per share representing an approximately $2.6 million return to shareholders. The dividend will be payable on 31 October 2019 to shareholders on the register at the close of business on 18 October 2019

· Ongoing share buyback programme increased by a further £3.0 million on 20 March 2019 to a maximum of £6.0 million. Since commencing the Programme in November 2018 Eland has purchased 4,363,573 shares at a cost of £5.3 million, representing an average price of approximately 120 pence per share

Well regardless of the net debt figure, which seems to be due to infrastructure investment, the market seems to like it, highest sp for about 3 months, looking forward to first divi, the first of many.

Playtech CEO Mor Weizer following the announcement of the supplier's H1 results. Revenue increased 69% to €736.1m ($817.4m) in H1 2019, in part explained by the success of its Snaitech acquisition.
Although from last month his upbeat attitude to the results, plus the pipeline ahead the reason for changed sentiment here?
l hope so.

ttps://www.gamblinginsider.com/news/7734/exclusive-playtech-ceo-defends-net-profit-drop-and-updates-on-us-plans

If all the reported large transactions were purely sells and there was no one else in the market for them the share price would crash drastically, however this has not happened, so my belief is that we are seeing exchanges some ii moving out, but somewhere in the background someone is buying.
Plus all through this sorry saga of the sp decline the news coming out of FCRM has in the main been positive bar Dunamis, and that only due to the EU ruling.
The accounts not being signed off is a distraction, but it's going happen sooner or later, my only other thought is that some other news could be attached with the update when it arrives, as to what that might be is anybody's guess.

At last some reversal of recommendation of share price from a broker, will it make any difference? well it's better than cutting the price to 550p, pity they never give a time scale to get there, I am thinking it's years, but that's just my reaction to the battering this company has taken.
Still look forward to bond repayment in November so that will reduce some debt.

Jefferies raises price target to 620p from 570p

After those late sells and considering sp action was upwards i would like to think we will get a holding RNS early next week, hopefully Bayford increasing their holdings by another 2% ish.

The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's book value to its current market price and is a key metric for value investors.
It rarely falls below one ....., a quick check on PTEC value 0.98.

As of 30 June 2019, CAML had cash in the bank of $30.2 million and gross debt of $126.4 million.
So I make that net debt $96.2, which will be slightly less now, don't forget the debt is easily covered by cash flow.
Debt/ebitda ratio about 0.6 which is well below 4 which is considered unsustainable.
Worrying times of course, but there are many companies in far worse shape than CAML.

Well that didn't last long, and now testing 393p, due to the fall of the pound PTEC finds itself amongst a group of companies vulnerable to a take over from overseas investors, and with sp decline making it an even cheaper option this seems a possible outcome.
Will we test our year low of 357p its possible if the markets continue lower, but with updates not to far away and the dividend to come I would like to think this is its low point.
If a take over comes at 25-30% above the current sp would give a sp of around 500p
good value for the buyer, not so good for lth, food for thought.

Great posts today by all, I was pondering why net cash had decreased while production had hit record highs, saw the tax paid, also the time delay in getting paid but didn't fully appreciate the implications and the connection between quarters.
So if like me others are looking solely at the finances and thinking these results are not as good as headlines suggest, wait until Q1 when the financial success of Q4 will be revealed.