Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Odd I never got an email about this RNS. I mean I've lost a lot on this, I paid about 25p a share for a large portion of mine!
I think it's good that they have put in the leg work on cutting the cost base when they did. If they hadn't, it'd be a very bad RNS. This RNS is stable, so that's good.
So I am going to hold on and see where this goes. Can anyone recommend the cheapest place to hold shares? I'd like to at least keep that to a minimum as I weight this out.
At times like this, its why annuity revenue is king. Short of your customers not being able to pay their bills, you have your revenue locked in.
There's also a real drive for cloud services and connectivity right now as well as agile support partners, so IDE in theory could be well placed.
Sitting duck is hardly a great place to be in for an investment. But I was more confused by you implying it was this week. As that was a very specific opinion.
They will want to sell it that's their MO, but its also heavily indebted and it's hard to gauge what's quite left in the company. Will be interesting to see if the next results show anything positive.
This makes no sense. You can't have an opinion of a potential takeover this week.
I think this random rumour mongering is not helpful for the long term holders of shares here.
They were quiet for so long it set a really bad impression for customers. I think they got a new hire and social activity picked up.
I suspect if it was April that they could have been furloughed... it makes sense to avail of the available funds during the tough period.
Any thoughts on the large drop? I know the FTSE is being pummelled, along with all stock marks - do we think it's all attributable to that?
I get nervous as the last time it just started dropping like this IDE came out with a lot of bad news about a week later as word clearly starts to leak out.
From: https://www.channelweb.co.uk/news/4008628/best-worst-performing-publicly-listed-uk-resellers-2019/
IDe Group is #1 in the best and worst performing.
From the article (which requires login):
1. IDE Group
Start price: 2
End price: 4.4
Percentage change: 120
Current market cap: £17.6m
IDE was still in a period of transition when it started 2019 and actually saw its share price drop 65 per cent in H1.
At the end of June, trading of the firm's shares was suspended after it was forced to delay the publication of its audited financial results.
But these results were eventually confirmed at the end of July, with the firm's valuation climbing over 300 per cent when trading resumed.
Its share price rose further when half-year results revealed that a £7.6m adjusted EBITDA loss had swung to a £1.2m profit. Losses after tax were reduced from £35.5m to £2.9m.
The firm finished the year by revealing a number of significant contract wins, including three contracts worth at least £1m per year - a farcry from 2018 when the business could have gone bust.
Overall sounds positive. I guess when they're that deep in, they've got to try and be positive.
Significant renewals and contracts - then why no RNS? I guess they're not that fussed on the share price right now. And what on earth is a "general level" of churn. And if that's affecting profitability again, why not RNS it to... you know.. the other shareholders? We shouldn't be getting business updates via another company.
It's good to see the a bit of a ceanup. FINALLY removed details of people who haven't worked there for over a year. Also a bit of activity on LinkedIn which is good, although someone linking to their staging site which isn't great.
Also incidentally I made a post that companies need to announce material transactions - which has been removed. Which is odd, as that's standard AIM rules that can be looked up.
My point on that is trying to make out that the company is sitting on lots of exciting news and is holding it back is misleading. There may be positive news, and no they don't have to announce all news... but if it's signficant it'll be in an RNS.
Exactly what V111JAS said.
Please let's show some professionalism here. Frenetic, long rambles mixing substance with hyperbole are damaging to us all.
It's based upon hype. Nothing more. Based upon absurd comments like doubling revenue from £40m to £80m... just like that! Magic. It's puffery. IDE is not even giving any clear indication on where they see the future of this company, if any. For crying out loud it doesn't even have a CEO.
There is potential growth here... MXC has done it before and the company seems to have stabilised. Cautious optism is welcome.
See if Canoncan will give you 30p for the shares that will allegedly be worth 50p and you'll see the vapour quite quickly!
It's nice to see a bit of pep in the share price today. I'm not geting carried away. I think a bit of a sugar rush today, and it'll drop again a bit after. I thought I bought in at about 20p, but see actually my main purhcase was at 37p! Ouch. I bought in various times on the way down - I still have quite a journey to claw back anything (minimising losses would be enough right now).
I think there's still no CEO. The website is still barren and outdated. There's no buzz about new business. They funded and carved out then the most valuable bit of the company with their top people then re-acquired it elsewhere. It's going to take a while to get a sense of momentum that'll really push the share price up and get a sense that this is an ongoing concern.
Interim results showing a profit would be a good start too.
I know how you feel Rocka999. I have taken an utter beating on this. I won't sell, as no point now... I've had so much value lost I'll hold it out.I bought in at various points too thinking it could go no lower, but yet it did.
I think long term patience is required now.
They seem to be pointing a lot of blame to the old CEO - bad dealer contracts, and it sounds like a lot of investment for deals that went nowhere ultimately. And the whole brand debacle hurt a lot.
Let's look at the positives:
MXC and Ian Smith have saved a lot of crisis companies and turned them around, that's what they do.
Revenue is good, they just need to get the costs down - which they're working on, and again their forte.
They have assembled a lot of their previous known team into IDE.
The divestitures will likely be things like their fibre networks. They got out of those markets before, like when Redcentric sold its fibre. It's better in hands of ISPs who can make it more cost effective and it's probably not going to be a core activity. it releases a lot of cash too that's tied up.
Trouble is it'll take at least a year to sort this out and for the cost reduction to wash through, before they even begin to start building the share price. So I think you're looking at a couple of years at least until some growth on the share price.