Member Info for RazorShultz

So then the deeper stuff and the stuff from the bigger targets should follow on from this to be a much better result right? I don't know much about geology but is it possible that the surface has these results and the deeper parts are empty? What kind of likelihoods are we looking at that this will still give us shareholders some real good reward for sticking through all this time?

Good post, I work at a large investment firm and confirm this is similar to how we operate. Large staff turnover, the skill level of the department always falling as a result. Really important to have specific processes that are well limited, with training to cover just the relevant parts, to get new people skilled up on their function, and being productive ASAP.

A really good post Kewben. I won't know what to say if this 2nd drill fails. But I am hopeful. I have de-risked mostly from this one but still hold a few hundred K shares.

No Vauch, ISAs are not liable to CGT, or income tax, so dividends will not matter either. This is why ISAs are great, not even the supposed capitalism-loving americans have a tax free savings/investing vehicle as simple and amazing as the ISA. Look up their IRAs and Roth IRAs, their pension products are confusing and unhelpful when compared to how great our SIPPs are here, and they have nothing like the ISA as far as I am aware.

If he does a full cash transfer which involves selling down the assets yes, it would probably crystalise any CGT liability if he made a gain, and has already used up this year's CGT allowance. An in-specie transfer however just moves the assets from one provider to another and shouldn't do this.

Open an ISA with a provider who are actually good. I use Charles Stanley Direct but a lot of people like Hargreaves Lansdown. You can open an account via a "transfer" which involves filling in a form, and then sending it to your new company. They will arrange with the old provider to get the money over to themselves.

Yes indeed. Our hope however is to be part of the crowd buying in before an undesirably high PE like 30 comes about. Considering the length of time a lot of the investors on this board have been here, don't think that's a problem for many of us!

Why anyone would short this I don't know. Yes the share price has been drifting, but it's not due to bad fundamentals. The RNS has not been priced in yet in my view. This shorter is either incredibly rich and doesn't care about his loss, or he's just dimwitted. It's unbelievable really. This company has so much going on, big contract wins, and lots of potential for big earnings and to become a cash cow. Unlike most companies, they even have a cost base that doesn't grow with increased sales! How many companies out there can say they can scale up sales without increasing cost of sales?

Might be a bit early days for this kind of thinking, but anyone got an idea what kind of dividend we might expect when the company has some earnings under its belt?

Definitely agree that the hardest part is doing nothing. The market thrives on activity but with a solid company you just have to build a holding and wait.

Thanks for the replies jogj and mrrealistic, I'm only 26 so think I can weather any downturn without worry but my dad is 60 and has some of his pension funds invested in shares, my worry is that even though we've got fundamentally good investments a macro-economic event could reduce the amount he has to live on. It's no good trying to wait out a downturn when you're 60 and need money to live.

He's in good health and is not retired yet, hasn't crystalised any of his pensions. I'll continue to hold here and suggest he do the same as I definitely don't want to miss out on the shareholder rewards we're due from BMN.

Speaking of articles, did anyone see that article on Sky News about how the next financial crisis is beginning? How does this impact our share investing across all our portfolios? I am not worried about the fundamentals of my shares, but if there's a global downturn again that could take a decade to recover from I don't want the risk, and my dad certainly doesn't want to wait 10 years for his pension assets to recover seeing as he's 60 now.

I normally ignore macro-economic factors and don't think about them when evaluating fundamentals, but if anyone has some reassurance that would be appreciated

I've thought this will 5 bag since like 35p.

We have an Mcap of 89m currently, so for this to 5 bag the mcap has to go to 445m, assuming the amount of shares in issue stays the same.

If we divide 445m by some reasonable PE, we can see how much it has to earn a year to support this valuation. It's trading at 20 now, so if we divide 445m by 20 that gives us 22,250,000. The company has already earned 4m after tax sept 2016, and we've had some exceptional costs becoming a bank. 2m taken in h1 this year, so I think we will at least have 4-5m at full year end.

If the company keeps up its growth rate I think it's easily possible to turn this into 20m a year or so earnings in 4 or 5 years. If we use a PE ratio of 30, then this figure goes down to 14.8m earnings per year to support the valuation. The past shows us this company is capable of growing EPS by 20% a year, which means this is definitely achievable.

Never heard of midas but I've been a long term holder for a while. Wish I had more funds to top up. I still remember the initial research I did for this company - fundamentals excellent in every way. EPS growth per year, PE ratio, good cash flow and current assets far in excess of current liabilities, good return on capital, increased receivables each business year, etc.

One of proudest holdings this! I expect to see this 5 bag at least

Yep, good advice I would echo for any. Stop losses aren't needed unless you're doing intraday trading. I don't agree with day trading shares anyway, and would only do this for forex trading as the market is much, much bigger in terms of the volume of cash that flows through it each day, and the liquidity.

We've got a good investment here and as the title of the book says: "Conservative investors sleep easy".

Yes, but my point wasn't about the quality of the place, just that it's popular - much bigger than the BBs here, and is therefore more of as reflection of the typical investor. And yes you're right - AIM does exist of course, most people just don't pay any attention to it. The kind of investment people on this BB are now elbows deep into is much riskier and niche than what most people would be prepared to try and wrap their heads around, let alone throw their money at.

It may be all well and good for us who are in the thick of it everyday but most investors simply aren't like what people on this BB are like. That's all I was trying to say, since the original point was about our PE and what is required to enhance it.

There isn't much mass market interest, or even awareness, of this company yet, but that will all change in time. As the company evidences how well it's doing, more and more of the mainstream and cautious investors will start getting on board.

Oh i agree clark, but that’s what means the people here rightfully have a reward due to them - that based on some indepth analysis of the story rather than just a quick glance over the stats on the london stock exchange website, people here have bought in to a company at a price, and a stage most would never.

Don’t forget this is a small forum, on other sites such as the investing subreddit no one would even talk about this company because the generally accepted advice there is to never invest in penny stocks (which funnily enough they consider as any share below $5). I agree you can’t make a many-bagger by investing like that but more shares for us.

Yep, it's exactly as you said. We need a good few years of increasing EPS and to give the wider market a sense of what kind of profit and growth levels they can expect. It's fantastic having some great analysis done here into the details of the company, but most institutions and private investors will simply want to look at financials and see growing EPS% for a number of years and some good economic fundamentals before they buy in.

Yep, good rns. I was shamed by my panic sell out of this, and have learned a lesson there. They are increasing the pace now and the bod are feeling the eagerness to get this moving along. I suspect riseagain either lacks reading comprehension skills or is some sort of paid shill, since he completely has his ideas backwards about the situation.

Excellent point Ratrace. I am one of those investors who finds it hard to follow stories and invest in companies without a good 5 years of increasing EPS on the financial accounts, so it took a lot of bravery for me to buy in here at this stage of the company. Once we are posting some profit, and have a few years of good EPS growth under the belt I think it'll be a lot easier for more cautious investors to see the fundamentals and buy in too.