Member Info for redwineday

Trading seems to be getting thinner each day and the price movements get magnified.

I guess it's a positive in the sense the big II's are settling in for the longer haul.

They are disputing and have provisioned 42m worth of tax with the NL govt. IIRC AA said he was pretty confident the outcome. At todays price the release this provision would b worth 30% of the mkt cap. Crazy valuation here vs the assets.

That said all very normal for LSE stocks. Country is f'd.

Love these mysterious "analyst" forecasts. My cat could do a better job picking a number by pooping on their spreadsheet.

Oh and good morning to you too!

Less than 5% of trades...

Got to say, didn't expect to see this level again. This company is leaky. I have a feeling.....hope I am wrong.

Serica is surely impossible with the current market cap.

Yep, another morning another 5% gone. Looks like PI's are bailing and I completely understand why given the tumbleweeds. I really find it mind boggling that they cant or more likely, for some stubborn reason, won't issue a statement 1 month after the close simply stating revenue, cash and debt. It's not exactly war and peace

Yes and drawing the 50m wont count towards their net debt. Jeez. If you fancy leading me some money I dont have to pay back then I'm all ears...

50m less rev than last year, looks like 25m negative FCF even with 5m capex deferred. Diamond prices still under pressure and quality of recovery declining. Yikes!

Surely can't be long before capital raise is required.

Anyone wanting to give me 1.20 for mine can have them....

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.

Https://www.theguardian.com/business/2024/jan/30/foxtons-boss-guy-gittins-we-absolutely-dont-welcome-20-rent-increases

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.