Member Info for Richard08

Unfortunately, I don’t think the market is going to like that! Revenue down, gross margin down and new products always at some point in the future.

'Losing' seven million would definitely be a sackable offence in my world! Nobody wants bad news to drip out. Because now the market expects another bit of bad news to come out soon...

MCap of 1Bn and sales of 500m plus or minus a bit. So selling at 4 times sales?

Market is saying panic. But if they can turn it around it'll be a B&M bargain alright.

If.

Not one mention of the dividend anywhere in that. Reason to be concerned? It is definitely a 'reset' by the new guy. A knock it to the bottom and rebuild it approach it seems.

They announced this in the 18th June RNS:

As a result, the Board of Directors today declares a 1 pence per share dividend, and expects, in the absence of any unforeseen factors, to distribute a further 3 pence per share once the proceeds from the sale of the Big Rock ITCs become available to the Company, which is expected in H2 2025. This dividend distribution structure meets the expectations of shareholders, but without increasing the Company's total debt and the associated costs.

So this divi policy is only a surprise to those (like me!) who had forgotten this!

That sentence at the end of the 'Sale or co-investment of pre-construction & operational assets' section is interesting:

With respect to both the sale of Cremzow and the pre-construction assets, the Company is in the process of appointing advisers, and an announcement will be made in the coming weeks.

Have I missed this? Are they selling off pre-construction assets? If so, which?

The market is seeing a yield of 5% between here and 31st December. Short term at least, buyers are buying the yield.

Alas, that did not age well at all! Hoping for a bounce today. Either way, the company is in good shape.

The lack of reaction from the share price this morning suggests the company is 'growing up' and not given to massive swings for each RNS. Of course, famous last words!

Sometimes the market has to think about it for a day or two... :)

This company continues to grow steadily with mid-teens digit % growth every year. Very under the radar though. If revenue breaches the 100M level this year as seems likely maybe it'll appear on more radars. As although the company is growing the sp is struggling to respond.

Good to see the old VS3s still having market value and selling to customers. Clearing the old stock to make way for the Endurium to come.

Assuming the price stays around this level, and they buy shares at the current rate, they should be able to buy back around 6-7million shares which is 4% of the mcap in around 50 days. Obviously a lot of variables in there, but it should help to provide a floor to the sp at this low level.

Yesterday's buyback seems to have bought them cheap and avoided the 'ups' in yesterday's SP. Hopefully they continue to hoover up their own shares and provide support at this level.

There are some: still have cash in the bank and sale of New World Resources shares means that attempt at an acquisition wasn't a waste of time! And cash means that they could still acquire something. Or at this price get acquired themselves! There's also the buy back, which should be getting plenty of shares for cheap this morning!

I wouldn't be surprised if it's around break even on the sp by the end of the day.

Gone are the days when two RNSs meant that there was just twice as much bad news! Now the reverse is true. Excellent evidence that Endurium is selling.

This may be going cheap… I wonder if in spite of the board approved offer there may be another bid.

He makes some good points. I agree that I think the divi is secure. They just need to be careful they don't end up over paying for NWR.

My only worry would be that as a non producing asset it will be a while before tariffs provide a benefit. And that's assuming Trump doesn't change his mind about this. Because all that's going to happen for now is that copper consumers in the US are going to end up paying more. It's going to be a long time before domestic production can ramp up to supply the majority of the US market. If it ever gets that far.

Apologies greygeorge, although I'm not sure your somewhat caustic response deserves one. It should have said 'producers', as in their share prices jumped, not the actual production. But hey ho.

I had a good trawl through the news and google as well Crossley. A question for the next time they present results and invite investor questions.