Member Info for raxfactor

I have been watching OPG lately along with the coal price which appears to be on a downward trajectory with more to come, I am pleased to that they have hedged their coal prices going forward, but not overwhelmed because peak coal prices seemed to have passed and this is what was crippling the company a while back.
Hindsight is a wonderful thing but I would of been happy to see how the price plays out over the next few months because future falls seem likely, but against that backdrop OPG now have the security of knowing exactly what price they are going to pay and are happy with deal they have signed, and therefore confident of meeting their forecast results, so that's a win but could it of been more?

BMN are in the enviable position of being without debt, I say this because if debt was involved and the sp forced lower by manipulation as appears here, then a takeover bid would be written all over it if the price was subdued over months to get a rock bottom price.
Here of course the board would just reject any bid, because they don't need any cash injection just to keep the lights on, so regardless of how long this fall continues, at some point it is going reverse, whether the object of this exercise to get major investors in cheaply, or appear to outsiders that the company is unstable, or just to tarnish the companies image, who knows but it is certainly being done for a reason when the future appears so bright.
Eventually the story will come out in its entirety, and the story revealed for all to see.

With regards to the CFO leaving, and if it is for some financial misconduct, as an example look what happened at LUCE they are into LEDs lighting systems, massive cock up there with lost millions due to accounting errors, the CFO gets sacked and a very competent new broom came in and rectified their accounting methods and a new confidence grew up around the company, in what is a tough market to operate, and they have significant debt.
The sp tanked when this news broke and was very volatile over a few months perhaps twelve from memory, but it recovered when results started to show that business was on top of things.
A can't see FCRM being in a similar financial mess, as our financial position is chalk and cheese compared to theirs, minimal debt and as previously stated by others we have potential growth on many fronts, so even if one doesn't bear any fruit its not a disaster for the company..
I Agee with DkBek, I don't wish to sell at this low point, because right now we are an absolute bargain, regardless of why the sp is so low.

Notice the 500,000 sell worth £130k from 11.29 listed at the end of the days trading, if indeed it is a sell, that was the missing link, had it been declared at the time it would of been there for all to see as the reason for the fall.
As for who is selling, answers on a postcard please.

As I type just over £300,000 traded if my maths is correct, and the sp down 13.5%, bearing in mind these are not all sells, something is a miss here, the sooner the company puts out some sort statement even if they have to come clean and disclose some bad news the better for all of us.
Even its speculation about what effects a Labour Government would have on FCRM future its better out in the open than just watching the sp get decimated and silence from the bod.

Playtech has announced a new link-up with sports betting operator Retabet, as it seeks to deepen its roots across Europe.
As a result of the partnership with the Spain centric organisation, Playtech is to offer an exclusive casino platform, alongside its live casino suite, to Retabet customers.

https://www.casinobeats.com/2019/05/17/playtech-to-launch-retabets-exclusive-casino-suite/

Playtech has hit the headlines after shareholders revolted against the pay packages of its executives at its annual meeting.
Alan Jackson, chairman, was humiliated by a major vote against his re-election, despite the fact that the company only last month announced that it had started the search for his replacement.

Over 40 per cent of shareholders voted against the company’s pay package policy and its report.

The company had already reported that its adjusted EBITDA for 2019 is forecast to be between €390 and €415m.

Slowing growth in Asia and the grey markets have been affecting profits, to the growing dissatisfaction of its investors.

Pleased to see shareholders have let the board know what they think about excessive pay increases when the sp tanks, they should be aligned with shareholders rather than insulated, if the sp falls significantly they should also feel the chilled wind of vastly decreased pay packet.
What on earth do ii do? they seem to stand by, have no opinion on excessive pay and by doing so sanction whatever is proposed by their inaction.
They for me they are the main reason why executive pay is unchecked in most companies they are there to give an opinion and sway company decisions if they feel they are misguided, after all they own the majority of the company.

Hi f15,
It seems all segments of the business are performing as expected, and as per previous guidance, the sell off gives the impression that the market was expecting something different.
Nice to get the impression that the board are not standing still are looking for new opportunities and to improve what we have.
It will interesting to see who they headhunt as the successor to Alan Jackson, and how long it takes, as for the sp I hope we stay above 400p and then trend upwards instead of falling back, sentiment towards the industry needs a break, some positivity.
Now the football has finished the betting fraternity can look forward to the cricket and rugby world cups as well as the usual golf and tennis tournaments, not forgetting the horses, so there is plenty of action going on to keep the wheels turning and the till busy.

Hi Harry,
Pleased that you reset your stop lower, plenty of shenanigan's going on here I feel, wouldn't be surprised if the sp was being deliberately forced lower, far to many regular 10k sells on a regular basis, is it an ii selling out? I would be surprised FCRM is well diversified for growth on many fronts, a lurking predator looking to pay bugger all?
What ever the reason Wednesday 5th June, 2019 (Estimate)
Full Year 2019 Fulcrum Utility Services Ltd Earnings Release may shed some light on proceeding here.

Find link below to read RNS, yes progress is being made and hope they can continue to keep the good news flowing on multiple fronts.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14070705.html

Yes, nice to read an RNS were all has gone well, no issues encountered, everything under control and progressing to plan with commissioning activities to come to put the well on production.
Based on the well data there is no anticipated variance to the pre-drill expectations for this well, which is targeting approximately 1.2mmbbls of 2P oil reserves.

Blimey Harry,
It might be best for you if get stopped at 30p, this share is making you so downbeat, languishing down at low levels, snapped up on cheap, painful memories, shareholders sold short, no positive news you must be regretting the day you decided to put your hard earned in here, it sounds like you are stuck in a nightmare from investments past.
The suns shining, summers coming and the birds are singing, does it get any better than that? and United lost at home.

I find it hard to accept that circa £90k worth of trades can move a multi million pound company down about 3%, as it has done, and has been doing over recent days, and I know they are not all sells because amongst all those trades is my buy.
If investors believe the numbers issued by the company offer a fair representation of where we are at, then there is no fundamental reasons why the sp is being forced down to these levels.
As for the CFO leaving these things happen, and it opens up a great opportunity for some other suitably qualified person hopefully with a proven track record to match the ambition of Fulcrum, and move us on to bigger and better times.

After a prompt reply from PTEC the opinion is that they to are very disappointed with sp and that over the last two weeks the gambling sector in general is down and out of favour ranging between 6.4% to 10.6% .
Companies included Gvc,Stars,Ppb,William Hill and 888, so unfortunately for us it is again the mysterious working of the market, and nothing to do with fundamentals.
It should also be noted that the FTSE 250 is also down about 2.5% over the same period.

I think gambling companies have been hit enough regarding higher taxes, this to me is another tax under a different name, easy target at the moment, and when governments have screwed this industry into oblivion they will move elsewhere to raise cash to spend on causes they deem socially responsible.

Fired off an email to PTEC today asking if they know any reason for fall in sp and are they concerned etc, etc, don't expect a definitive reason other than the workings of the market, but if anything different returns I will post the reply.
I did contact them regarding intangibles and goodwill on the balance sheet and how its hard to quantity these put a value on them, because these assets can't readily be changed into cash, and are over 50% of PTEC s assets.
I got a straight bat reply that the accountants regularly run checks on these assets to quantify there value, and follow the procedure that's required.
This issue does not just apply to PTEC but most companies now have intangibles and goodwill as a majority asset and if the company gets in trouble financially these as far as I can see are worthless as they can not be turned into cash, just my opinion though, as I would like them to have a much smaller percentage of asset value.

Some very informed posts from you Pdub,
What I don't follow is investing is not like supporting your favourite football team through thick and thin, many BMN investors could of sold at higher prices and at significant profit watched this manipulated market, because in my view that's what it is.
Kept their faith and belief in BMN and buy back when sentiment changes.
Playing the crooked market is the game nowadays not holding long and strong for ever and a day.

Yes I agree, when I look at the fundamentals this seems a great buy, money in the bank, profitable and in the process of a share buy back programme using cash from the pile, as opposed to a buy back when a company has debt and the money would be better utilized in paying that down rather than reducing the number of shares.
The profit headline figure is projected to be higher than 2018 so if that stance is maintained throughout the rest of this year and we don't get a dreaded profit warning then the sp will rise as sure as night follows day.

Disappointing sp performance over the last two days especially with news very thin on the ground, back to levels I thought we had left behind, looked in on GVC pretty stable there coming down slightly from recent high, I don't even think there has been significant large volume selling here.
Buying opportunity? fundamentals seem solid enough, just the debt to service from the Snaitech acquisition.

I look in on regular basis and this is a very busy board and I don't trawl though all the posts I just get a flavour of the opinion at that time, I am glad that you have reassured me that the issues previously raised have been discussed because I think they have a far greater influence than they are credited with.
Infact I listened a podcast by the guy who does stockepedia small cap review his guest had made good money out of BMN but bailed out due to risk, p/e rating and Vanadium price, but was looking for a lower price to get back in.
People like him influence investors with his in the know expert knowledge? personally I didn't share his view, BMN will come good its just a matter of time, but for whatever reason at present there is sp instability.

I have been watching BMN, but haven't seen many posts about operating in South Africa, no comments about the current election's and what the outcome may have on the economy of the country for better or worse, or what if any impact the result will have on the company, nor the current situation in SA regarding jobs, economics, infrastructure currency etc,
although these points have no direct influence on day to day running of the company they are worth considering as to why the sp is falling, it may be general sentiment about SA as a whole and not BMN as a company.
Due to being in SA the sp is probably more volatile due to the risks of operating there, and considerations about stability.
Maybe these issues cause the sp to be discounted to lower levels and anything thing less than a perfect outlook on the price for Vanadium causes volatility.
If BMN was situated in Europe the sp would be significantly higher and less volatile goes without saying, still watching with interest.