Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Even if they did come back with a £1bn offer, that doesn't offer too much upside as things stand now.
Market cap - £430m
Net debt - £350m
Enterprise value = £780m
So an offer of £1bn will give investors buying the share price today (close to all time low), a 28% return
Is that enough upside potential for such a risky, debt-laden company with falling market share and increasing competition??
Thoughts welcome.
Why so angry?
Sorry I meant £430m...
Ok fair enough.... so you're left with £70m. Correct?
If recall correctly interest cost is c.£50m a year, you are left with £20m free cash flow (in one year from now), and that free cash flow (which is not even certain) currently costs £4.3 BILLION to buy (or £3.60 a share).
Thoughts?
I also have a question for you:
A business aspiring to do 6% EBITDA margin in 2025 (aspiring being the key word) so c.£180m but let's say £200m.
The business also spends about £200m on Capex per year.
What are you left with (before interest and taxes)?
If we all focus our minds and channel our thoughts toward positivity and optimism, it might help push the share price go UP.
We're 30p above all time low and you guys are celebrating
Inflation - Was higher in Dec-23 than it is now
Interest rates - Unchanged since Dec-23
Wars - Started before Dec-23
Company stock - Was high way before Dec-23...
So to conclude, you haven't answered my question
Can you explain to me why the SP is down c.15% from the end of last year?
And the market replied - share price close to all time low!
I said "someone with a sense of reality", based on your previous comment about £15 - that rules you out
Finally someone with some sense of reality on here. Well said Simon
Well said. Come on ASOS !!
On trading update day the price rose to £3.78, since then we had the H1 results and the price has dropped close to all time low and shorts are up.
The question is - Why did that happen given that (you think) the H1 results / outlook were positive?
Calaramonte needs to go
Get your facts straight ppl
The trading update on 26 March. share price closed £3.78
I only stated FACTS... but some people on here just can't accept it (or any other opposing views)
James seriously... how old are you? The price is lower than it was after the trading update
The market has spoken, wake up
2 days following the so much anticipated H1 update, share price is down & shorts are up
Wishful thinking Celtic