Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Summary of y/e results Corero Network Security (LON:CNS) 5.75p £12.24m FYDec16 results from the network security company. Strong performance of flagship SmartWall product with related revenue up 62%. Total revenue up 5% to $8.8 million. Reduced EBITDA loss $5.1 million (2015: $6.4 million). Net cash $2.9 million. "Recommended" rating from NSS Labs, the world's leading independent product test laboratory . The new financial year is off to a good start, having signed Corero's largest SmartWall deal to date. The Board has confidence Corero will deliver strong revenue growth in 2017. Has recently announced proposed £5.6m fundraising at 5p. FY Dec17E £9.43m rev and £5.71m pre-tax loss,
Watkin Jones rises as student housing demand “remains strong” Share 11:42 03 Apr 2017 The group has also made progress with its drive into the private rented sector in the first half of its year UCLA student halls of residence All of the student developments due to be completed later this year have been forward sold Shares in Watkin Jones plc (LON:WJG) rose this morning after the property developer hailed the continuing “strong” demand for student accommodation. The group said the first six months of its financial year have been “successful” and trading had been in line with expectations with a number of properties sold. In the first half, Watkin Jones sold five student accommodation developments in Bournemouth, Ipswich, Belfast, Cardiff and London for £192mln. It added all the developments planned to be completed by this September (2017) and five of those scheduled for completion by next September (2018) have been forward sold. The AIM-listed group said six more developments are under offer and in “legal negotiations” which, when concluded, would see all of the developments planned to be completed by September by 2018 forward sold. In total, 16 developments for delivery before September 2019 have now been sold. A further 11,098 beds are in its secured pipeline, with planning consent approved for 9,390 of those. Watkin Jones also made decent progress with its drive into the private rented sector (PRS) having completed its first PRS scheme in Leeds and secured another site in Sutton. “The market for purpose built student accommodation in the UK continues to grow and demand for our product remains strong,” said chief executive Mark Watkin Jones. “Our entry into PRS has been successful with the completion of our first scheme in Leeds and going forward we plan to grow our PRS business sustainably. Our development pipeline provides excellent visibility of earnings and cashflow and we are optimistic for the continued growth of Watkin Jones.” Interim results for the six months ended 31 March 2017 are due on 1 June. Shares rose 3% to 154p on Monday.
As MF in the article says, Purp could double or triple or could completely tank. The SP had got completely ahead of itself hence why I took out my initial stake at just over £3.40 (having bought at £1.40). Not normally that lucky! FWIW, I think this will retrace to nearer £2 short term but still have faith for longer term gain and a hoped for target of £4+ to sell remainder...notwithstanding it remains speculative and based on nothing more than my gut instincts and opinion.
The only thing that's really surprising Rudolph, is that it took you til now to re-surface with another de ramping post. Today just represents a buying opportunity for me. I remain satisfied this company will come good, patience is the key...all in imo of course.
I plan to de-risk around £3 mark and then leave the rest to ride. That time looks like possibly coming much earlier than I ever expected. Longer term I can see this £10+ if plans go well and as the brand becomes more established in the public eye. All imo obviously. My concern though ironically, is whether PB are now trying to expand too wide and too fast?
So are you really in or not Sain?
AG also once said "It is good to follow one's own bent, so long as it leads upward...along with the PB share price." Clearly a visionary before his time.
Sain, I'm worried about you, are you ok? Have you suffered a bump on the head? -) You've been our lucky mascot to date. Welcome aboard. Res
I don't any of us who ARE invested in PB have lost the faith Sain. (Well not yet anyway!)
No worries Sain, I didn't actually think it was you. Assumed it was your TEF buddy who expressed faux indignation and offence on your behalf at the ribbing you were given yesterday morning whilst simultaneously dishing out insults. BFN
terrace and SV, Ultimately only time will tell as to whether PB's growth will be sustainable and clearly they will fall on their own sword if, as you imply, their business model is built on sand, exaggerated figures and made up reviews. Let's wait and see but for now I'm happy as a LTH with progress, taking account that the business is still, relatively speaking, in its infancy. I will draw my own conclusions re your silence to my question as to whether either of you are invested in PB. I remained perplexed why you would waste your time on this board if not unless you are disillusioned with TEF? Btw, I assume one of you reported to Admin yesterday and had some posts removed you didn't like as I noticed some have gone? If so, breath-taking hypocrisy in the light of your comment referring to PB investors as "this situation is highly speculative rather than intelligent investment. Good luck to the dreamers though...living in LA LA land.." Fortunately I'm not as thin skinned so I won't be telling on you to teacher. ;)
Apologies CD, misread part of your post with regard to a) in my reply.
Cyberduck, I'm a bit confused by your post. Why would you invest in a company a) with whom you've had a bad experience and b) more importantly, confess to having no idea of its fundamentals. I genuinely don't mean this disrespectfully but I find that a bit odd.