Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I only caught the first 30 mins when Jose was talking about the trading statement/key points then I had to leave. I'll watch it all and Q&A later once it's on the website.
So far though I'm encouraged by the update/results. Deadwood has nearly been cleared, guidance reiterated, with growth resuming in Q4 and FY25 when it starts to come to fruition with margins, profitability and growth. We knew the turnaround would take time but it's nearly there, and the figures should start improving.. no reason for it to not be a hold/buy imo.
Just short termism. The company needs to keep doing what they say they will do and soon enough the market will react.. especially when the future guidance starts coming to fruition. ATM it's not reflecting on anything, just what the company expects to happen.
Maybe, but they have stock to that narrative so far and they have been accurate with what they have said so if FY25 is anything close to what they are expecting then it's very much happy days from these levels. Test and react looks pretty good so far too. 58% margin. That needs to be rolled out asap lol.
No exactly, the results/numbers aren't great but we knew that and the fact they are now on the home stretch with future guidance being significantly better should keep this from doing anything daft. We aren't buying it for todays numbers that's for sure.
Ok update, as expected really apart from the stock reduction which is going really well.
No fireworks here just yet but importantly, they are very confident in the guidance and outlook with growth returning here in June-August onwards and FY25 'substantially increased margins' and pre Covid EBITDA margin maintained with a sustainably growing profitable business.
I'm happy. Roll on FY25 :)
Looking forward to the conference call, hear from the horses mouth how well or not so well the company is doing. I'll be logging in to it. I also bought a few more right at the death.. I reckon it will be a solid update, nothing spectacular but just enough to show we are on track.