Member Info for redwineday

We know it’s not weather and given no previous commentary either recently or from AJ-1 there has been no expectation of a difficult of the drill then Occams razor suggests to me it’s sidetracked.

I don’t recall any info being given on how long a sidetrack would take.?

Why do you assume they have lost time? The additional days could be the sidetrack drill,. The fact there is silence I think ( he says hopefully) either means they are sidetracking and or testing.

Really doubt there has been a delay related to weather. 3 days of light rain and 1 day of heavier rain.

https://www.timeanddate.com/weather/south-africa/cape-town/historic?month=10&year=2022

I agree, after the Joe Jethro mess they surely wouldn’t want to make the same mistake again. I also think the same rationale applies to why no RNS on the vertical if they are sidetracking.

Hats off for the detective work Soder.

lol, he's a master something for sure....

I would have thought the volume would spike if it was leaking, either way. I have to say it seems quite tight given it’s ECO and RSA govt will be informed. Not at all sure whether the quietness is good or not!

Indeed.

In 3 years or so my expectation is £1, so bottom drawer!

20m US...

Same old smoke and mirrors act. Climate, elections blah blah... mucho story telling but numbers don't lie. Net cash drops by 15m in 3 months!!

Between them the Lesotho govt and management have managed to privatise the profits of GEM whilst it remain a listed company. Caveat emptor.

I suppose you could argue it's good business to be buying back shares at 30p that you issued at 40p. Unfortunately I was one of the ones who bought them at 40p!

Well done Nick!

read us your tea leafs

An appropriate tombstone for the previous clowns nominally in charge.

It never fails to astonish me how badly UK public listed companies can be run. The previous chairman and BOD should be sued for breach of their fiduciary duty.

He left MAN in 2019

If your 7p is correct then we should be around 50ish based on competitors PE. Whether that's reasonable or not I guess depends on your view of the outlook and sustainability of the profits. Maybe on this FOXT could be higher with the new team etc but more time needed I suppose.

Ian, I think PE multiples like that ain't happening in this market but to your point, based on todays update, SP should be at least double from where it is now.

A leap in rents for tenants in London has provided a boost for Foxtons, prompting the estate agency to raise its full-year profit expectations.

Rents have recently surged in the capital, as workers and overseas visitors return to London and landlords pass on higher mortgage costs to tenants.

The London-focused agent posted £29.2mn in revenue from its lettings business in the three months to September 30, up 18 per cent on the same period last year.

“Growth was driven by a 23 per cent increase in average revenue per transaction, as higher average rental prices and longer tenancies offset a 9 per cent decrease in lettings volumes,” said the company, which derives two-thirds of its total income from the rental market.

Foxtons also saw income increase modestly after acquiring two smaller rivals earlier this year.

The group also pointed to a stronger than expected sales market in the quarter, but warned that “macroeconomic and political challenges” were likely to weigh on sales in the coming months.

“We enter [the fourth quarter of the year] with a less certain sales market backdrop, but cost action taken in [the first half] and our resilient lettings and financial services businesses leave us positioned to weather further macroeconomic and political challenges,” said Guy Gittins, Foxtons’ chief executive.

Very upbeat last paragraph and supported by excellent numbers for the quarter.

Very pedestrian results. Seems cagey to me on the outlook.

Great post Dciko however let me play devils advocate. Doesn't the fact that Layla has been several times counter your extrapolation?