Member Info for SlickMongoose

EPS dropped slightly from last year. But the underlying results look solid enough to me.

Seems the vast majority only offer cash, alas. If there's a S&S ISA out there that offers scrip, I haven't been able to find it yet....

A 15% increase in revenues combined with a drop in margin to 18% gves us a 4% increase in profit before tax based on the full year accounts, unless i've missed something obvious..... Doesn't seem like a disaster to me.

Trading update tomorrow.....

I guess we can't keep going up forever.... anyone know if anything caused that?

https://www.reuters.com/article/global-metals/metals-london-copper-rises-as-inventories-plunge-aluminium-slips-idUSL3N1SH25W BEIJING, May 10 (Reuters) - London copper prices rose for a second session on Thursday on falling inventories and signs of strong demand in top consumer China, while aluminium retreated for the first time in four trading days. Copper stocks MCUSTX-TOTAL in London Metal Exchange-registered warehouses dropped by another 7,950 tonnes to 285,075 tonnes, exchange data showed on Thursday. They are fallen by more than 100,000 tonnes since March 27. China imported 442,000 tonnes of unwrought copper in April, according to customs data released this week, the highest monthly total so far in 2018. "Apart from the reduced supply of copper scrap, the strong import appetite was also attributable to an increase in smelting capacity and less than expected ... maintenance scheduled for April," Argonaut Securities analyst Helen Lau wrote in a note.

We're not even half way through Q2 yet...... and the Q1 update was good but had no long term effect. If half year figures show an operating profit, with a good outlook statement, we'll start to rise. I thnk we have to be patient until then.

Where else can you get a dividend yield of over 6% covered twice by profits? Seriously, i'd like to know....

Looks nice and cheap, at least.

I like the sound of this: http://www.cottongrower.com/crop-inputs/precision-agriculture/cropx-soil-intelligence-program-connects-deep-sensors-satellites/ Recent Beck�s Practical Farm Research reports found that CropX-based irrigation produced 16-24% more yield compared to manual irrigation. �CropX soil moisture sensors are super easy to install compared to others in the industry,� noted Jason Rodgers of Titan Farms in Ridge Spring, SC. �In addition, the company�s tech support has been great, and the ability to view data allows us to make decisions quickly.�

Great day today, looks like I might have got in just in time.

Nexeed isn't exactly the catchiest name in the world...

At least we had another blue day.... can't complain too much. ;)

Thanks guys, that is helpful.

Is there any political risk here? I don't imagine that the Indonesian government is the easiest to deal with.

Bought in this morning, looks very cheap now the disposal has gone through. Once the debt is clear, the strong cash generation should be able to support a cracking dividend going forwards. I don't see any reason why they couldn't pay out at least �1.5m per year if they wanted to, which would be nearly 13% at the current market cap.

http://www.loopjamaica.com/content/oil-and-gas-exploration-3d-seismic-survey-nearly-50-complete Tullow Oil is reporting steady progress on its oil exploration 3D seismic survey with just over 45 per cent of the data capture already completed. �The seismic work will last between 50 and 60 days and then it may take another 12 to 18 months to analyze the data; but although it will be a while before we have any definitive findings, these investigations will heavily influence the decision-making about drilling so we are monitoring the entire process closely,� Watson added.

Talking of other products, I wonder if Bosch Security fancy the Watchlock....

No, a multiple thereof. Although I guess with the board holding most of the shares (I think?) they get to set the price.

It's the cash flow that reassures me. Operating cash inflows of �1,840m, and that's including �140m restructuring costs which should lead to reduced costs going forwards. Debt repaid of �271m last year and another �200m this year will reduce finance costs. Debt is still higher than i'd like but it's going in the right direction. I just don't see how the dividend is unsustainable given the cash numbers. Not only are we sustaining it but we're paying off debt at the same time. Oh, and cash balance at the end of the year was �2,864m, up on the previous year. Plenty of room there.