Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
EPS exceeding share price can only be a good thing with coal price forcasts anticipating a further 25-30% drop in coal prices during 2024
With OPG's increased PLF it will add further profit to the £6.4million made over the last 6months.
Adding £3milliom profit per quarter ensures the cash position quickly goes from strength to strength especially with coal prices on the way down again.
Broker Forcast for y/e 2024 already achieved after just 9months
Should see them raise their target shareprice again from what i said at the time was a very conservative 19p that was soon changed to 27p, now expecting to see another upgrade to around 35p
Also good to see such high demand/plf with the price of coal has starting to fall again, should ensure a solid finish to the year and add to a very profitable last 6months
Great results
Just over six million profit over the last six months and improving, not bad for a company with a m/c of 40million.
Hopefully considering if there will be a dividend from all the profits made over the last 6months
Thanks Bubba
Should give this the kick it needs
I think they have only ever missed 1year
Surely Q3 lands this week
Looking forward to increased turnover and with it increased profit
You've hit the nail on the head, patience here will be very well rewarded both short term and long term
Fund managers obligated to clean energy so they don't have a choice there loss is everyones gain because this is a cash cow.
The debt reduction over the last 6-7 years is incredible. Plant paid for and now generating bundles of cash
Big buyers arriving with update due any day now, and only a few weeks to what could possibly be record f/y results.
Start the engines !!
It will go soon Dave
Historically Q1&Q2 performance tends to be far lower than Q3&Q4 however Q2 saw OPG posting record figures and a great indication on what to expect in Q3, results due any day now
Y/E (april) should see revenue hitting 160million
With EBITDA of 20million.
Won't be 11p for much longer, broker forecast is a very conservative 27p and that would still be a bargain.
Some big buys late yesterday great timing by someone.
Cenkos increase target price significantly to 27p
Still to low imo should be 35p
Expecting a sharp uptick with Q3 upadate about to land
I also think that this year will be when they finally start to reward holders by paying a dividend, clearly making enough profit as will shortly be confirmed by another record quarter.
Dave it is crazy to think how cheap this is when looking at the performance especially the last quarter if Q3 and Q4 match it (and they are usually far better) then we should be set for a cracking f/y (not long to wait) as a minimum 25+p but could easily be in the 30-35p range
28th Feb 2022
29th Jan 2021
11th Feb 2020
23rd Feb 2019
I think they will be quick to release this years based on the massively improved performance in rhe last quarter and knowing that historically they always have a much stronger second half to the year.
It is thought it would this week and next with Q3 due to land