Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Nice to see a friend from Turkey. Also growth in last two weeks just as I had hoped. Originally got in @ 30p share then cheaper and cheaper. Then bought 5 times my holding 3 weeks ago @1.5p with complete confidence in new, established and undoubtedly far more professional management than previous incompetents! Also saw what Richard Griffiths did! I have followed this for 3 years. I forecast 3p quite soon. Then after a few months I expect 4/5p before new owners really cone clean with their expectations AND starting on other parts of the prospects and, I anticipate other major deals for ASO. I do wish the new owners thanks for saving us. But also all the luck and backing for the future!
I think we must all remember to ensure we all vote for this deal BECAUSE IT MUST BE PASSED BY THE MINORITY shareholders. I don't think the major shareholder can vote!
I really like what we heard to-day! CEO Chris Spooner said "Today we have announced the disposal of our non-aesthetics business for an upfront cash consideration of c.£132m to create a fast growing and high gross margin pure-play aesthetics company with a leading and differentiated position in collagen stimulation. In-market sales data shows that the growth rate of our Aesthetics portfolio has accelerated throughout 2015 and is now trending at c.40%. The disposal substantially reduces business complexity and transforms Sinclair's balance sheet. The Company remains in an offer period as a result of continued interest in Sinclair's leading aesthetics brands" Very exciting all round!
After all - £400 million or more is nothing in this very special and remunerative market for someone who needs greater entry into Europe, USA and Russia plus in a very much expanding area of growth
In view of their place in competition with Botox etc etc I am hoping that we might be looking for 74p plus when all the possible suitors are brought out into the open.
Thanks for your reply Gliderpilot and LOL with your investment. I am sorry but to envisage this company ever being really worth £2 billion or up to £10 billion is just completely beyond my comprehension. But perhaps I am just toooo old and conservative.
Are you connected in any way to the Company or any of the Brokers you refer to?
Are these incredible target prices "coloured" by the desires for commissions of the over excited Brokers?
Now I know I am missing some profits - but I would not want the huge risk people are taking with this share! The marc/cap is over 70 times the profits just declared! Impossible! I have not yet bought -can't risk it!
Will the results next week (17th) be a good thing? At least they should a answer some of my questions and help me decide whether to invest.
Sorry - stupid figure in my last post. A dividend of a notional 1% would cost £21 million. That would need profits of say £42 million. Would that then need a turnover (for commission purposes) of nearly £1 billion? I must be wrong! But where and why?
Please read my earlier posts as to why I am not yet able to invest in this share and read the reply from Guesstimation last month. There is no valid information from the company and its BOD or its RNS's that can possibly see this share worth a value of £3.77 or total value of £2.25 BILLION! No doubt it is heaven for the day traders and brokers..... but for real Private Investors? I still feel it is a glorified listing for an online waiter taking 10% commision from take-aways - with little substance. Will it be reporting profits of at least £500,000 and dividends giving a yield of a least 3% in the near future? If I am mis-informed and wrong - please tell me what I am missing.
Thank you Guesstimationfor a very helpful reply. I am not a person who does "shorts" etc. I will wait and watch with very great interest. I find it very hard to think the eventual financial results, when published, can support this huge market capital. That is why I am SO surprised by brokers with targets giving a market cap of almost £3 billion.
And just to follow my reguest for help - can someone explain why the only figures the company gives out (eg the RNS of 14/1/15) are not financial but just statistics on how many orders they have taken (ie, orders for 2014 were 52% higher than 2013). Perhaps Manuel does their figures as well. I think I will have to wait for the real figures with £ signs until 17th March before I can make a buying decision!
I have friends who have JE shares and suggested I buy. But I cannot see how this company can have a market cap of over £2billion (or how brokers can suggest a target of over two and half thousand million pounds) when there are no reliable profit forecasts and no suggestions of any dividends. It seems to me JE is just a glorified online waiter taking orders for takeaway restaurants for a commission of about 10%!! One hell of a valuable price on a waiter service! Enough to get all the Manuel's from Barcellona thinking of changing jobs. Please tell me where I am going wrong in being a "non believer" at the moment.
Owned by Delivery Hero in Germany. Expect an IPO from them in 2015!
They are owned by Delivery Hero in Germany. They are very big! Expect an I from them in 2015!