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My rough spreadsheet estimates 46m for FY 2019 ebitda (we were at 15m H1) and rises to 70m for 2020 at ave current spot price.
A few key points
Demand picking up for new clients looking to reduce costs
All employees fully working from home
Market cap of Ā£7m and cash held circa Ā£5m
Think it could be a good one - we are massively undervalued. Will have business continuity plans in place to lift and shift operations.
Essentially just valued at cash levels and offers a 7% proven YoY dividend payout.
IG and Plus500 reporting exceptional recent trading quarters. Granted not same business line but letās hope our partners client base have been trading in high volumes during this volatile period.
Title says in oil - hopefully we can arrange some tie ups in this downturn with the 14 million dollars of cash we do have.
Interesting video on Bloomberg this morning. Saudi Crude Tankers 4 to 6 weeks away will decimate pricing on landing into US, leading to bust in the US and then followed by boom as producers have ceased operations and quality of shutdowns damaging future reservoir performance. I think it is a case of getting through next couple of months. PMO have sufficient hedges and liquidity imho
Covid-19. Dan alludes to it becoming an issue at some stage, albeit only slight impact at the moment. Plus I think investors are liquidating gold stocks to cover losses elsewhere.
Looking forward to the upcoming trading update
I see us breaking 30p at least today. Anyone else?
Based on q1 results, I estimate we generating in the region of $80mill - $100mill of FCF per annum !! That is extraordinary at this level.
Look forward to further dugbe updates throughout this year. That is transformational for our market cap and arguably priced in at next to nothing.
Iāve written to the team and asked for a trading update to be released. Call me naive but Iām expecting it to be reasonably positive, given the situation and with all the volatility in the markets people are still trading heavily in bonds.
Some good buys going through today. Look forward to the concentrate testing results and reduced caped opportunity.
JG does a great job, check out his other business venture OCT.L and certainly does not use either as a lifestyle business. In JG we trust!
Just need y/e results coupled with a q1 trading update in next few weeks with gold this high and the hummingbird shall fly.
Some huge buys going through today
RNS - collaboration! Unlocks more distil doors. Happy days
Got to be high on the agenda accounting wise with the share premium conversion to distributable reserves last year.
Cash wise With falling loan and interest payments that will more than suffice.
Both my buys at 1.43 - couldnāt resist a top up at these prices. 7% yield at today.
Shorters selling down to hedge exposure before the good update tomorrow me thinks