Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not necessarily cost plus as that would leave GFRD with effectively zero risk. The risk should be spread more evenly than the fixed price contracts that went wrong in the past though if were assuming they wouldn't take on any more.
Been in here a couple of years now and plan to hold for a very long time, average is currently at 772p. Id end up breaking even (excluding the divi over time) assuming the rump will be between the 90p and 136p stated here. Personally id rather the deal didn't go through.
The fundamentals are still solid. The impact of Carillion, the by-pass and other legacy contracts are behind us now and I can only really see this going one way from here. Hopefully we get some good numbers tomorrow and the price reacts accordingly, similar to the last update but without the slide afterwards.
It gets voted through in the AGM every year and nothing ever happens, might be different this time of course with the new director but unlikely. If they buy 10% of the shares effectively taking them out of circulation the share price would likely increase for the remaining shares.
Overall revenue was 4% ahead of last year, while its operating profit margin climbed.
However, much of the growth is coming from the eurozone - where revenue was up 5% - and the US, while its main UK market only expanded by 1%. (BBC)
Miles away from ours!