Member Info for sixoclockticket

I bought Trufin for one reason, and that was Playstack. Obviously disappointed that it's that part that is being sold off. Oxygen is EBITDA profitable, but may not be after group expenses. Group may have a lot of cash left, but no clear plan to deploy. On the back of that, my strategy here will be to offer all my shares for tender if that's possible, sounds like it may be, and take profits. If they all get accepted then I'll review what's left and may make a decision to buy back in after, or maybe before dividend, depending on value or invest elsewhere, FDEV maybe. Might not be the best strategy, but at least it's clean.

Acquisition of this size relative to TOO MCap is a risk. Great name Mylky and obviously a good business to generate those returns and that growth level, but lots of competitors in home-milk making machines - at various price points, many much cheaper. So that means brand and marketing will be key to continuing building those profit levels. I like what Scott is saying in terms of synergies, but are they that strong? Equipment is a one-off purchase, different to TOO's existing customer repeating sales - but if it can be combined, as suggested, with consumables from Tooru existing products or supply lines, perhaps on a subscribe basis, it certainly is an interesting proposition. And may get TOO products in the geographies that Mlyky already cover and have customer base. That customer database, if it exists, could be a nice value add.

The price for the business looks fair at 4xEBITDA and the mix of debt/loan note/equity sounds good. It will need investment to launch in other markets, UK and elsewhere, and that may absorb/dilute focus somewhat. I'd be interested to hear the updated business plan as this now gives any number of directions.

Overall looks a good deal and makes me feel positive, although slightly nervous until the plan is clear. But if it can move the (ridicously low) current share price up, to the implied £17m MCap and hopefully beyond, then I'll be happy.

I have a corporate action to subscribe in my ii this morning.

Absolutely disgraceful!!

Boards should not be able to act in this way. 1p raise price is totally unacceptable for existing shareholders. This needs to be challenged with the board and the FCA.

With Gold priced as it, and presuming it stays strong, then THX are looking at possibly $300m+ revenue for FY25, $180m net profit, as most of it drops directly to bottom line, on a market cap of £486m. That's a PE of < 4, even after 320% rise. I'm still buying.

With Gold priced as it, and presuming it stays strong, then THX are looking at possibly $300m+ revenue for FY25, $180m net profit, as most of it drops directly to bottom line, on a market cap of £486m. That's a PE of

My position at the moments that I'm against the sale of the SA assets. And I'm not convinced by those recent chats from Leon.

From the 2024 Annual Accounts....

"The business has grown to become an established large-scale producer of chrome concentrates and offers tremendous growth opportunities. We are perfectly poised to secure these and further opportunities." - but apparently those growth opportunities are no longer available - what were they and where did they go?

"Strategic mix of high-demand critical metals not only mitigates the risk associated with price volatility in any single commodity and provides exposure to multiple growth markets." - Yes, bang on, but now we don't need this as all eggs in one basket is a better strategy? And what happened to Cobalt?

"South Africa - Capital expenditure of [FY2024] US$39.9 million (FY2023: US$65.9 million) invested from own cash to upgrade and expand our operational footprint" - but those assets will now be bundled in the $90m sale price - recovery of investment = negative

"Our South African operations have breached the production of 1.5 million tonnes of chrome concentrate during the period making it one of the top five producers worldwide. " - Shouldn't Jubilee be selling that story, not those assets? And last quarter Q2/25 shows on track from 2mt/pa!

This has to be the worst deal since the native Americans sold Manhattan to the Dutch. Doesn't make any sense to sell probably $75m of profit over 3 years for (up to) $90m over 3 years, and throw in all the minerals deals, owned rock, contracts, plant and expertise for tuppence and bird seed. How on earth does that make any sense?

On the face of it, I can't see the "value proposition" in that in any way shape or form. The whole board must be deluded if the think they can recommend this to shareholders. Either there are some serious sweeteners for Jubilee in this that we're not being told about for reasons unknown or this is just plain bonkers.

Promising results, forecast improved with defence spending increases, and they are a potential candidate later this month for entry into FTSE 250 index. Market seems happy.

An improved bid today from Drax, and seems the market will now expect a third counter bid. Could get more lively.

The 88p from Drax is still below TNAV and BESS is still a hot topic, especially with recent rise and predicted continued strength in gas prices.

Bit of a disappointing bid at 10% under TNAV. Seems to have satisfied many investors though by the volume of trades at or around 79p today. I'm inclined to vote against if it's finalised and management team don't sound 100% convinced.

I've topped up today for those reasons. With a NAV of 92p there's limited downside here, plus the strong revenue last quarter and a background of increasing energy prices, with more volatility as more wind/solar comes online, and hence more arbitraging opportunities for battery storage, then the business model looks strong. What's not to like. DYOR.

Speculation only...

MFT Capital bought 23.9m shares in Jun23 in one block. Possible they have sold out in a similar way? - The 2 "sells" maybe a negotiated transfer of that stake, one sell and one buy for the block.

MFT Capital is a holding company for subsidiaries that operate the Flip Out trampoline parks

This shows AMTE strategy of start small and build up is eminently sensible for this economic climate. I'd hate to see BritishVolt's plan go pop, and really hope it doesn't, but it is ambitious and you need to have everything lined up to make something of that scale that happen, with levels of fallback. AMTE's more cautious, though still ambitious, approach is more likely to succeed, but still difficult times.

We pretty much know what the results for the first half will look like from the trading update 10-Aug, revenue £76m, earnings £24m +/- whatever the accountants move around. And we also know commodity (PGM &Cu) prices have fallen a little from there.

Now that the Inyoni upgrades have settled in, we expect the 40-44k Oz rate to be being hit consistently, albeit load shedding and power prices may hit the cost/oz. The interest for me will be around how well they have got Roan working in the Southern half of Zambia, and what progress is being made with the Northern strategy. So we need to see that targets…

“ Targeted production of 3700 tonnes of copper to December 2022 and 10 000 tonnes of copper for the full twelve-month period ending June 2023 (4-fold increase in copper production) ”

… are being achieved and what is the progress the Cobalt circuit there. 3-4 months in, I’d hope to see some figures backing that up. And also like to hear more of strategy on the North. The Caerus JV, which always looked a distraction anyway, is off the table now, so Leon’s focus will be sharply on Zambia. Cu prices are off the highs, but the world demand for copper can only grow, so Leon is in the right place at the right time, just need to ride the storm, and carry on along Jubilee way.

RNS says know of no reason. If ACAM are redeeming loans notes you would have hoped they would have informed AW, only polite. Given the volume it certainly looks like that is the situation.

Also featured on the Sunday Roast PR podcast...
https://www.thesundayroast.net/podcast/episode/50fbfd73/s4-ep37-the-sunday-roast-featuring-eric-leire-ceo-of-genflow-biosciences-lsegenf

I don't think the UK imports a great deal of platinum and palladium from anywhere to be fair, so that's more symbolic. If the EU, with its auto industry, goes the same way, then there maybe some adjustment in prices. An outright embargo would be better for SA trade. But I imagine the big buyer is China, and they are totally non-commital on any Russian sanctions. So can't see this moving the needle.

I'm still very confident on BEN, the imminent good news pipe, as Penstock has it, is full to bursting and few RND drops out of that will raise the sentiment again. It won't all happen on time perhaps, and somethings may not go exactly to plan, but the the sheer volume of opportunities can not be denied.
A drop today is a nice place to add, so I've had another 10k below 87.

Interesting but unsurprising article on battery shortages in immediate future. In a growing market every producer should be able to benefit from this and AMTE has some good partnerships and near term products to do well from this.
https://www.wsj.com/articles/rivian-ceo-warns-of-looming-electric-vehicle-battery-shortage-11650276000