Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If 7.4% of companies cannot pay their bills, then the country is in serious trouble. Bad debts will be minimal this year. Also need to remember that the bad debt provision is a one off hit to profits this year. In future years, it will only be on additional turnover.
We could not have asked for anything more. Bad debt provision of 7.4% also seems very prudent. Stock markets are really struggling, so we may have to be patient, but fair value for this share is way over double yesterdays closing price.
Sparky, YU have already announced that cash is ahead of expectations. So, I really think there is a chance that they will mention that they will pay a dividend next year based on the current year results. If my maths are correct, a 5p dividend will cost less than £1m.
Share price often falls on results days, but if dividends mentioned, it might encourage more investors to hold for the long term. Next couple of days could see share price increase significantly, but who knows in these times.
You would have to be a genius to work that out !!!
How about Lithium And Tin Consortium ?
Any other suggestions for a name change ?
I dug out SP Angel's broker note dated 26/5/22. They are forecasting cash at bank of £42m on 31/12/25 on revenues that are already being smashed. Target price 590p. Current market cap £28m. Expecting a huge re-rate at some point.
Sparky, I totally agree with your comments & there is no doubt that bad debts are currently under control, However, some investors must be concerned about future bad debts, otherwise I cannot explain why the share price is so undervalued.
Pekingduck, totally agree with all your comments. Some investors just drift away looking for a quicker return, but they may miss the RNS of the Tesla takeover !!!