Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Disappointing results. Should probably cut my losses and move on but the mcap is now so low that I just can’t bring myself to hit the sell button!
If sentiment to Quiz clothing were to improve, given omnichannel sales opportunity this could triple very quickly but unfortunately, given recent years, it’s hard to see why this would suddenly happen now.
Run up to Christmas, next update should be more positive, equity raise very unlikely in my view and at these levels a 50% bounce seems more likely than not in the next 4 months. Question is, have we bottomed out already, or will there be another chance to get in below 6??
In 2018, they generated 4.8 mil in cash, with 22.3 mil sales. In 2019 it was 20.1 mil sales. Profit margin still running at 30%.
20p dividend would cost 2 mil based on 10 mil shares in issue. So all they need is a return to 2018/19 sales to easily manage a 20p dividend with plenty to spare.
Any upside sales surprise, for instance with their electroglaz, could really push this up. They’ve still got 6 mil in cash now! It’s been a long wait, price might stagnate for a while yet, but downside risk seems small. Here’s hoping..
Bit of action(mostly buying ) past 24 hours. This share really feels undervalued and solidly underpinned with cash and building opportunities.
Given share buybacks last year, any boost in order book should rocket this? 20p dividends weren’t that long ago and that was when there were 16million shares, not 10mil. Feeling very confident here…surely our patience will be rewarded in 2023?!
Lack of growth is the issue I think. They’ve done a great job in managing through covid, but investors will remain on the sidelines until sales grow.
I’m invested but honestly, not overly confident for tuesday. Hopefully will be an upside surprise. Suspect sales will be a bit flat but with more confidence for 2023. This time next year Rodney!
Having had slightly disappointing results with Hfd and very disappointing results with crl in recent weeks, I could do with some Christmas cheer on this one tomorrow! Confidence much higher with this one based on last update. ????GL all
Hitting the sell button for a loss isn’t easy, but I suspect I could always buy back in cheaper in the months ahead.. No reason to expect this to go up in the short term. Anyway, I’ll watch from the sidelines for now, but I wish you all good luck
Just bought in today. Kept looking for the catch, but does genuinely seem very very cheap! Fingers crossed. And I’m also in Zyt. Strong cash balance sheets with both offers a lot of protection
Leasing costs eating up the profits. Placement was at over 3 quid though. Despite inflation pressures on household spending, I’m sure Halfords garages are going to stay busy. If so, this will bounce nicely. Fingers crossed for the September update, but pannier slashing the price target from 300 to 150 is concerning..