Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
a Terribly run compnay. Hardly ever makes a profit. Capital raise after capital raise. Shocking.
It’s not pathetic its realistic. Would you pay 2 Billion for a company that’s not making profit. There’s no guarantee that they will ever make a profit like many other companies on the stock market.
So many companies are just lifestyle companies where billions are invested and never see a return. The market doesn’t respect these companies anymore. The market wants true value not falsified glory hoping valuations.
This company is currently far too overvalued considering its not even making an operating profit in my opinion. I’m guessing the current MCAP is heavily weighed on future positive possibilities and opportunities.
Its a shame but i think it is for Kefi in respects to Ethiopia. Just flogging a dead horse now. What is the target in terms of receiving revenue from the saudi assets instead of diluting shareholders again again and again.
I reckon £3 million a day they will be losing to compensation claims.
However I do agree with you loss making observations also. OIL and Refunds are also going to be a big burden for a while. Easy jet are also suffering. I reckon they are loosing 3 million a day just on refunds alone.
I personally think debt will play a bigger part in this companies failings than obviously you do. The debt undertaken has completely smashed the balance sheet and the Nav and that is going to cost a lot to repay just interest alone. Losses have increased and so has the borrowing. Not good.
Perfectly aware of the cash balance but you point is irrelevant. There is still a large debt that needs to be paid and year on year interest payment that will need to be made.
Your looking at it as a LTV perspective I'm looking at at as a high cost item which will hurt ongoing profits.
With the amount of debt this compnay has taken on this will only relate to big interest payment which will effect Profits going forward. They will either have to raise money via a big placement or significantly improve revenue to pay off the debt.
They are disappointing but as the revenue is supported by a 30% margin which is pretty solid. They are constantly reviewing costs reducing debt where possible and continuing to explore further opportunities. The only issue is whatever they now buy will not be at a great yield as everyone wants to buy retail parks. I'm amazed they don't build more retail parks like my work clients London Metric.
Agreed. The market just doesn't believe in the company as much as the direct obviously do. I wasn't to impressed with the figures myself to completely honest but at least they where stable. UFFO may be around 30 million if they re invest capital for more retail parks and so on. Still think this is cheap though .......
Solid ongoing dividends and a high yield will slowly drag this up. I hope the presentation advises the ongoing plan of how they are planning on increasing revenue uffo and in turn the dividend going forward.
Load Up Load Up im nearly holding 65,000 shares now so looking forward to the dividend.
Solid payments and increasing dividend year on year is the only way this share price will drive upwards.
Agree
No. Share buy back will come from surplus capital by selling unwanted assets not UFFO.
It will be interesting if they announce a share buy back at some point as that would increase the dividends and normally the share price.
pathetic really. How can they justify a broker rating of 80P ?
yes. I'm hoping that when it crosses £1 that should be a solid base up to £1.20. As I've previously mentioned I would like to get more insight or strategy / plan of building the UFFO up year on year. Obviously they have 20% surplus capital year on year due to the change of dividend policy but I cant really see that returning significant returns. Perhaps a share issue sometime this year ?
not too sure to be honest. I've never taken part in a script dividend.
Agree with you sentiment. That's why I hold 58,000 shares and topping up monthly + reinvesting the dividends received.