Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
GOLDMAN SACHS RAISES MICRO FOCUS TO 'BUY' from 'NEUTRAL'.
Debt is a worry for a company which does not have sufficient cash flow. But RDSB has an Interest Cover of more than 22 times with about only 43% debt/equity ratio, with more current assets than borrowing as per the balance sheet of 31st December 2019. IMO, it is a healthy balance sheet. Borrowing is only about 81B but PPE is massively more than 238B!
I cannot understand why this company is trading so low with 8 times of interest cover, continuous profit growth, sales growth, growth in shareholders' fund, growing cash flows from operating activities, with free cash flows, growth in revenue per share, high ROCE, regular dividend, decrease in gearing etc as per some past published accounts. Can someone explain to me the reasons for so low share price?
On the ex-rights day, 28th Oct, RR shares were traded even at more than 101P. I do not think that the investors who bought at this price bought them without any clues, IMO. They know about the company better than us I believe.
I think JP Morgan analyst's assessment is the theoretical ex-rights price of 80P based on around 230P cum-rights price. Therefore, the current price of RR should hang around 80P very soon IMO. The stock market does not work the way you think IMO.