Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Certainly controlled like a penny stock. I'm afraid it is its fate until good news arrives....
If this goes below 50p I'll be piling in. Seems to me there is absolutely no reason for the SP to be at this price other than delayed interest rate cuts but on the credit side the London sales market is finally starting to pick up, prices rising, and FOXT with a MTP to double the profit well under way with motivated and incentivised management.
Assuming Sir Starmer doesn't f**k it up then £1 plus here is looking easily achievable and a short term 20% likely not to mention a takeout at £1 plus.
He's a random passer by.
Whatever AA is doing he is not sitting on his hands waiting for something to happen. Patience required and if you have the stomach for it, average down.
Nige
I agree he won't sell out, however I think he might think about a merger. Maybe a US company so that he can del-list on London and head to NASDAQ, but I think the price would need to well well north of here.
Frankie
Jupiter have gone. The rest I think is just rounding. Milton looks the same. I suppose the insets are just like us. They are locked in.
Frankly I think the only hope here is a trade buyer or AOP step in. 6p would be a dream...
They can have mine for £4.20!
Govt doesn't have anything up its sleeve. It's as dead as a dead parrot. And as useful...
1msn/ NIgeCo. Much as I would like to see your £4 level, I cant see this in the foreseeable future.
Last year before the sector slow down and sell off, WPP was trading at around 10xEPS, today its around 7x. If S4 were trading at a similar level on its adjusted EPS then todays SP should be in the mid 70's. Let's assume the sector picks back up and gets back to 10x then for your £4, S4 would need to quadruple its earnings. Is it possible?
If they can get back to high teens margin on a net rev of 1bn, say earnings of 180m on the f/c 2025 share count = 27pps. By 2025 this seems not impossible although according to the FT the highest analyst forecast for 2025 is 10.8p, so the analysts basically discount an improving margin., which seems harsh to me. If the sector re-rates back to 10x average (perfectly plausible by next year end) then SP at 2.70 seems not unreasonable. For it to be higher they either need to grow the revenue organically as no deals until £4 has already been stated by SMS or their rating has to be higher than the sector which could be if they get the margins back up but it would need to be 50% higher. Seems unlikely.
For S4 to i be higher than the sector they need to have 1. fully rehabilitated themselves with the market (no surprises) and 2. they either need some big client wins or start the growth cycle again at below £4ps. It's all a bit circular.
Wouldn't surprise me to see a merger but I think the price will need to be well north of £2 for SMS to agree.
I had the time to watch the presentation and my take-out was that it seemed cautiously optimistic. New client pipeline, client budgets fixed, so on were nit selected in the 2024 outlook statement. I think they are underselling so they can surprise on the upside later in the year.
It's not. The comments under the story are spot on.
Another couple of weeks like today and I'll be in the black!
Biggest positive for me in this announcement is it looks like finally that they have a handle on forecasting, i.e. no surprises and cautious on outlook is also to have the possibility to over achieve whereas up till late last year it was all the other way around.
Well we won't have to wait much longer. FWIW I do think there will be more substantial buybacks.
What will be most important will be the outlook and I think in particular the margin forecast for the year. Here I am bit more optimistic as it's more under their control and we could see in the last qtr the headcount being reduced. I would have thought that they would be doing more on this to get the margin back up to 15% minimum. If the can improve the net margin to this level on even the same turnover you are adding 40-50m to the bottom line.
But then again I have been completely wrong on S4 since the first day I bought in so I clearly have no idea.
Yeah, you deserve a peerage for your altruism. Probably quite achievable with the current lot dishing them out...
Its a month old but nevertheless
https://www.cnbc.com/2024/02/05/digital-ads-show-signs-of-rebound-as-meta-amazon-point-to-growth.html
The ITV chief executive’s tone was a significant shift from her mood in July, when she was unable to provide any assurances about the health of the advertising market. “This is the worst advertising recession since the global financial crisis,” she said at the time. “We just can’t tell you it’s OK because we don’t know that yet.”
The boss of ITV believes that the advertising market is bouncing back from what she described last year as its worst recession since the global financial crisis.
Profits at Britain’s biggest free-to-air commercial broadcaster fell by more than half to £193 million before tax in 2023, from £501 million in the year before, mainly as a result of a downturn in spending on traditional television advertising.
But Dame Carolyn McCall’s belief that the outlook is now brightening was a boost for investors and its shares jumped by 12.2 per cent, or 7½p, to 68½p last night, a five-month high.
We’re definitely seeing more confidence in the advertising market,” McCall, 62, said. “Our first quarter is up 3 per cent year-on-year and also pleasingly up 3 per cent on 2019, which was the last normalised quarter before Covid.”
Auson
But the lendee has to sell the stock it has borrowed to be able to buy them back at a lower price later - no? Or do they use the stock borrowed as a hedge on a derivative?
All or mostly junior explorers are binary. By definition they are a bet on their acreage and the odds improved significantly on the back of yesterday's news.
I have been very critical of Gil in the past and I still think he deserves that criticism. However to be fair to him he has been keeping his head down of late and has delivered on this. Fair play.
This is now just a matter of time until the cost free spud .
What utter drivel. Have you even read anything about the resource? Clearly not....