Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Among mid caps, UK construction services firm Carillion will be relegated to the small caps, along with Northgate and Petra Diamonds. The changes will be implemented after the market closes on September 15, taking effect at the start of trading on September 18. Down price, downgrade GLA
I agree with your comments on the results, and progress to date since IPO. Whilst they are far from unique, they are also small enough to react to changing market conditions, price accordingly, and hence keep busy. There are not barriers to entry for the type of work they do, but there can be significant timing issues re tooling and staffing up. I know from my own experience, that many European workers are being out off coming to the UK, mainly due to the poor exchange rate when they convert their earnings back to euros. Given a busy outlook, contract prices are likely to rise, and hence margins. GLA
Well, I have taken the chance to buy in today, only to lower my average. This could be a relatively long wait to see a recovery in the SP, but trying to predict this share is anyone's guess, and a couple of good finds could ramp the price over-night. The fundamentals seem good, but the strength of the rand could pose a problem given a weaker LT dollar in 2017/8. GLA
OK so the short list is out. Does anyone know if Van Elle were part of an un-successful consortium, and if so which one? The footnote on the commentary I read, says that stations and other rail infra will be tendered later, so not all is lost, if at all. GLA
You have the same background as myself, waste, MRF. I was in it for 20 years and learnt the "art" of adapting quarrying gear, trommels, screens etc, to separating mixed waste. Crushing and selling 2nd grade aggregates was a bye product of the operation, and gave additional profit. Difference with the pure quarry boys is the volumes they deal with, given the fixed overhead of their operations - hence, margins are tighter. IMO you have made a sound investment. GLA