Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Hope too. It s still a long way to go, but c2465 i am sure someday you will at least say rational things.
All the best my friend
Come on man, sod because Elliot gave up?
Of course the chine can afford higher valuations since their cost of equity is way way way way lower than Elliot´s.
We will see next week, i think is very likely to get better bids
Well... this is not just good news but very good news:
First of all, after 2 months BP execution seems to be very well on track or even better. Bear in mind that credit agencies evaluate the short term plan executuion in order to upgrade the rating
Secondly, they check cash generation as well, so if they have upgrade their rating it is beacuse is very likely the company will be cash flow positivo form 3Q24 on.
This will contribute to better issue capital (upcoming refinancing) so as a result, Coupon should be expected to be largely cheaper than current interest payments
BEst to all
Thanks c26564646
For sure u are a good guy and u showed us so many times that you perfectly know the company and its financials.
Please, stop repeating the same sentence every day. I also think that there its going to be a CR shortly, and more likely after our beloved CFO said last week that they don t have the intention of doing such thing.
There is also upside on the stock, don t think so?
Hahahaha u are not smart guy aren t u?
Was in june 23 (not very far from now) when the group announced that it will be spending over 2 bn L until 2027.
Were your expecting FCF positive in 2023 or so? with a guidance of 40% gross margin level? were you looking forward to getting an ASP of 300 in 2023?
strop crying
Of course it is.. . don t your expect specials to be recurrent over time.
Valkyries are expected to be discontinued next year since this year we are reaching the announced limit units. But, whats going on with valour, Dbr22, Valkyrie spyder. And next year will come on board vallhallas and so.
Come on guys,
Do not wate ur time (mine too) replying mr. c26.... blabla. He is just saying what everybody know and spreads fake rumours every moment he is sober. He just leverages on bad news/facts , just not focusing on temendous upsides on this stock.
There is a fact, which is very positive and that is the upward trend of the ASP (totaling 254k in 4Q23). Not that bad! Don t really know how much will the company be able to improve it, but at this level the company may be able to reach even higher EBITDA margin than mid 20%.
Additionaly, they have signaled that if the company is able to keep commercial succes in the current year, we will finally get into FCF positive recurrently from 3Q24 on.
all the best c26mamon
Hello mates,
Completily aware of results, missed guidance and so on .... but whats the news today? any targed price update today or anything else?
C2645sg i have never replied to ur comments. i ve checking your messages in the past weeks and i agreed with you many times. But regarding ur last post on potentital conditions of debt that could be negotiated by AM, well..... u showed us that you do not have a clue on corporate leverage. Of course macro affects, but what really matters is the fundamentals of the company and the current leverage ratio. Trust me folk, the potential refinanciang will come with way better financing conditions since what only mater is the financial rating
Just read the article... ummmm so figures have not improved this last three years!
Well to be fair, while number of cars sold have increased by 3% EBITDA (which is mostly cash EBITDA) has almost doubled. And yes... all we know that net profit and free cash flow (which for those that don t know is the Cash flow after CAPEX) were way worse that in the past. This is entirely explained by 2023 capex.
So please, if you are following closely the company and accurately, then focus on recurrent operating cash flow rather than in FCF, cause the company is just spending big amounts of capex in the upcoming cars and in the electrification process.
Hello mates,
Share still droping. I guess until what level can we expect further drops?
As far as i know, there have not been big new news since 3Q23 results were released in early november. I guess the market is advancing a new profit warning or upcoming CR.
do any of u know if there has been a new update from consensus?
Surely after profit watning in late february
All the best
For me it is... What coming then? give us some colo on what coming in?
Mates,
The current shorting surge has nothing to do with tTHG un this case. THis is more macro (maybe in the past not). I know some of these telematic funds, and they are betting against the sector/index due to the potential delay on the interest cuts. Maybe not the best moment to sell our shares, since this situation may change in the short run
Come on man, agree that EBITDA in not that reliable in any company but in this case, they notified they generated cash flow in 4Q23. That means that operating cash flow conversion is not that far from adjusted EBITDA conversion
LD1973, sorry but i m lost.
Has barclays or some one else updated their taget price today? If so, what s the cut on target price.
Thank you
Don t take into account what you re seeing reported today. Reported data on short position is generally released with a delay of 2 to 3 days. So, in this case this threshold might be surpased last friday
Richard,
It is true that most of capex related to current models has already been borne. But bear in mind that there is substancial amount of maintenance capex down he road (let say recurring and coming from capitalised internal works)
Hello team,
Does anyone know whats the stake of Lawrence Stroll at AM?? I know Yew Tree holds around 26% of the company. But how mucho of that 26% is directly owned by Stroll.
Hello mates,
I ve checking some sell side reports and doing my own analysis. Many times we talk about the value of the group with a sum of parts valuations or the post business split equity value of the group if we list/sell the differents segments for the own DCF valuation.
I think, we generally go thought some valuations mistakes if we value each of the segments as a separate company. In THG´s case, we can t approach de fair equity value of the company by a sum of parts since there are a lot fo synergies between THG´s differents business (specially in cost synergies and some on the commercial chain).
We have to think, that a separate businesss like myprotein ccould not trade at same multiples as listed peers since the splitted business should have to bear in new costs that today are synergized.
Anyway, i think the company is far from its fair value, but seem unrealistic to think it could trade above 3 pounds.
Best