Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Eh?
Agree but they have already started looking at the headcount reductions. They have 1800 less people than at the same point this time last year. I know it will be low cost people out the door first but even if you assume a low $30k employer cost per head it's still %50m gross level and most of it flows to the bottom line. IMO the big opportunity this year is not on turnover but on margin and I would wager thats what SMS will be focusing on. Growth comes back when the total market starts to grow but margin improvement is controllable and he will be squeezing costs. I don't believe this is yet in today's SP.
Sounds to me like the big shareholders have their mind made up.
Vous êtes une plonker mon ami.
Must be getting close...
Pokerchips.
If they are pi**ed off then they are aligned with LTH here!
And they have an incentive to get the SP up tout suite!
We also don't know the strike price of the share dealt to know whether it's a positive or negative.
At today's price they could buy back over 6m shares on the sum they have so far allocated which is online with amount previously mentioned , so I would expect far more repurchases to come during 2024 if they intend to neutralise the effect of further issuance.
The issuance price vs the buy back price may even be a positive. We will see in the FY presentation as they do or have in the past provide a guidance on the year and following years adjusting items.
IIRC in the Q3 presentation they said cash payments were largely finished in 2023, whereas now they have pushed 10m into 2024.
In their Q3 presentation they stated a WA count of 650m share in 2023 and 695m in 2024 (before any share repurchases) whereas as of yesterday we know they had 583m. So I looks like the issuance has been delayed also.
Additionally In their Q3 presentation they say the exact number of shares to be issued depends on the SP. I assume this means that they need to issue more shares if the price is less? Even if so it guess means they could buy these back at a far lower price so should be neutral?
NIge
Function of the formula announced their RNS. There will be no further purchases for a few days as the average price in the last 5 days means they cannot buy. It also gives any shorters a guaranteed exit price. Not sure if this is a positive or a negative though!
Seems to have no support. Company comms are frankly rubbish. A trading update is urgently required.
Took some more today from the seller who seems desperate to exit. Time will tell if I have been stupid or not.
Verney
Agree completely however it ain't gonna happen. Only room for one chief at S4!
By my dodgy maths it's currently trading about 16x TTM PE. If they get the profit up to 25m in the next couple of years then at the same PE this should trade at around 120p. I'd like to see more clarity on when the mid term actually is.
Numbers are nits hit relative to the US. If you take the UK Nov sales rev and divide it by the Q3 USD rev per script it's the equivalent of 574 RX. And thats gross, i.e to Norgine so STX revenue is a fraction of that. Nothing matters except the US numbers....
I'm ok with "cautious". Better to surprise on the upside than, as we have seen sequentially this year, on the down side. It tells me forecasting will improve.
Hoping to see a run up in the SP before Thursday. 60p by the WE!
I think any reason to further short has now gone. This in itself should see SP positive over the coming weeks
Nothing to see here, literally....