Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Due to the shocking weather we had to experience some opportunistic but essential shopping time the Metro Centre. I attempted to increase my satisfaction of the sorry Sunday affair by getting lunch in Wagas... I couldn't! The queue was too big for my allowable lunch time slot, also, the upstairs open. I witnessed a Full restaurant which is approx:
150+ plus covers for 2 hours
300 servings @ £20 each, £6000
Half that for the rest of the day. So my restaurant low estimate turnover approx. £1500 and hour
10 hours a day for 5 days is 75000 a week
3.6MIlion a year based on 48 weeks
low estimate for Group turnover for Waga:
3.6 million X 150 restaurants is 540Million
EBITA 15% 81million
Estimate 7 x EBITA
Market cap 567 Millions
+ a couple of hundred mill for Brunning an Price and others.
Group Market cap *750Mill* or near a £1.00 per share . (based on Metro Centre only)
HUGE positivity in the whole place even Chiquito's was full!
May see a little tick up here _ decent performance under challenging circumstances. Increate in profits made and contracts won.
My best guess is lack of confidence from the market, its related to RTN sitting on bad assets far too long and economy based hesitancy .
For long termers like myself who bought in and averaged down from the Waga transaction, This company structure is where I believe it should be now, and eventually (black swans aside) will re rate to market cap of approx. 750Mil Brunning & price and Waga.
The activists wont wait that long, they'll want a market beating return ASAP. The recent RNS was good and I'm sure they will be disappointed the news didn't pique more interest to drive the price up.
I expect there will be more action and pretty soon.
Only for the dross! Happy days
https://www.thesun.co.uk/money/23883593/restaurant-group-owner-sell-frankie-bennys-chiquito/
As speculation takes hold I think this will climb to >60p . Activists strategy will emerge then the fun will begin.
:-)
I tend to agree about sentiment, but I am struggling to find a better place for my investment , where the value is not yet priced in. This could realistically gain 100% in relativity short period when the sector valuation multiples change. It could take 10 years to get 100% elsewhere.
Although risks still remain - Consumer spending, world events, politics.
I will hold.
Again low volumes so we can assume it's few days to analyze, digest and ask questions _ then we'll know!
May be a good time to top up
Sorry, *ditch Leisure
Time to ditch those concessions for a full houses of positivity.
Reasonable but not stellar- zero negativity though, which is a good sign.
Pretty low volumes considering its results day tomorrow . Comms must be tighter than submarine window!
I feel the worst of the Hull debacle is behind this company now, and the boards main protagonist of the Hull disaster has gone.
Not sure if they’ll start it again in 24 . But it’s well worth perusing, because Tricoya is a potential game changer in construction.
Fingers crossed that the patent is robust, and good enough to defend. Risks are cheaper competitors muscle in because of prior incompetence.
GLA
Oversold
Tick tick
Volume barely registering and a paltry 100K in sales but marked down heavily on red day trades. I see no reason to sell on general market negative commentary.
Nothing has changed in middle England yet - The frivolous post convid party rolls on
Great news from Gelion: Increased revenues = less chance of damaging capital raise.
Strong Buy
I doubt we'll see those levels with out a buy back . Zero debt and divi reinstated would help propel towards 1.5 billion mcap on TO of 750mil +
I'd be out by then too.
FCAP will not pay a divvy this year as declared in the annual report . However, they should report decent numbers once the merger has gone through. Reasonable recovery play
No