Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Glencore reporting another bumper profits of $2bn. Why not target every ftse100 listing for a windfall tax if the profits are greater than $2bn! Why only target oil producers? Why not banks and others!
Could it be better that HBR itself gets acquired by another company?
Ross Gerber is holding 440k shares still it seems! He didn't like price cuts and said there are many levers to pull instead of price cuts. Tesla really need to get that $25k car ASAP. They need factory to produce those $25k cars in big volumes as easily a 1M orders can come in a quarter for a $25k car. They need new factories to meet the demand.
setup new factories in Mexico and more other countries where costs are low and for these investments margins need to be better to make money. I do not think such aggressive price cuts were needed. 30% cut is just too much. Bad move. Hopefully they learn the lessons and stop with the price cuts!
It is painful to watch the price go down. My avg is $230 with 25k in. Should have could have added at $105 for £10k. That would have helper break even at $200 I guess. I will not top up anytime soon. I guess it will take a week to forget the results and then moves with wider market. May be trade a little in between. Let's see what broker targets are. Wedbush comments are in?
margins will take a hit when you price cuts are done but it is not too bad and don't think 7% drop in share price is warranted. This 7% figure seem to be a common figure being aimed at by the traders and then price goes down further in next few days. I will top up depending on how low it goes. It could hit 150s tomorrow and even lower next week.
Probably they shouldn't have done such aggressive price cuts so early this year. Inflation is coming down in US and in second half it could fall further with it the interest rates and that could bring back the demand and more orders? I don't know if the plan is to increase the prices again later this year once they know that 1.8M target is possible? If they can increase the price again and meet 1.8M target then that would be awesome. Tesla Energy business is 148% up YoY so that is another segment to look forward to.
so Tesla Mode Y available for delivery in June and BWM not until September?
another round of price cuts on the eve of earnings, which is not a problem as long as it helps with meeting the delivery target of 1.8M. Market is eagerly waiting with interest on the impact of price cuts on margins. No doubt price cuts reduces the margins but by how much is what matters. Even with price cuts if the margins are not hugely dented then I expect a very good positive reaction. As per reuters, analysts average profit estimate has fallen by about 2.4% in the last three months, which I think is not bad. A little dip may be to $175 and then should start moving back up.
In the current climate any big funds would invest in company that is still making money than taking risk in a company with profits in future. Money is going to companies that are making profits in the high interest rate environment. So definitely Tesla is the one to be in? What other BEVs are making money?
CPI figures sill at 10%. Another rate hike coming but for EZJ with low debt, rate hikes should not be a problem? EZJ very well placed in the current inflation. Ticket prices will stay up for this year but with EZJ discount model, EZJ bookings are getting sold out quickly.
IAG Net debt -
Net debt at June 30, 2022 was down €688 million since December 31, 2021 to €10,979 million
Net debt at September 30, 2022 was down €609 million since December 31, 2021 to €11,058 million.
As of Feb 2023, Net debt came down to 10.38 billion euros from 11.6 billion in 2021, which reduced by 1.22 billion euros.
IAG had a net debt at Dec 2019 was 7 571 billion euros so current debt is nearly 3 billion euros more than in 2019, which is not huge considering the profits made by IAG with fuel costs coming down.
SP in Dec 2019 was around 420p so current price is bit undervalued. It should be more like 200p. I would say 175p is just about right price IMO.
Giggey, there was a takeover bid for EZJ last year or the year before! So it is not bs as you think.
With share price undervalued and UK equities being snapped up cheaply in few sectors, EZJ could be a target again considering low debt and improving margins. Thank me when a bid comes in.
could be on the cards with today's results? With low debt and share price undervalued, a private equity firm or even Wizz Air could come back with a higher offer!
UK equities are grossly undervalued compared to US and EZJ is very much undervalued.
£6.50 offer will be rejected too by Lundgren!
I was about to say about the dividend and someone already mentioned. Yes dividend could be reinstated soon, may be next year. Majority of the cost is fuel cost and hopefully that comes down with recession but demand for EZJ holidays should be strong despite recession talk. Moreover UK recession is going to be mild so will be for Europe.
Lowest debt and back to 2019 revenue so share price should reflect the 2019 price.
Let's see how market reacts. Initial spike to 520p easily again my conservative estimate. It should be lot higher.
As at 31 March 2023 our net debt position was c.£0.2 billion (31 December 2022: £1.1 billion). During February 2023, a €500 million bond was repaid upon maturity.
Group headline loss to be been 420M and 425M which am not sure how market reacts.
But again for full year profits to exceed 260M!!!
Bit worried about market reaction on the earnings report. We were down by 7% from $207 on deliveries report. It actually climbed 7% before the deliveries report. This time not much movement before earnings. If the numbers are meeting expectations then still it could be dragged but I think $175 could be the bottom. If the numbers are good then back to $210 easily.
Challenge is to maintain record deliveries for 2M full year target and also maintain margins. Demand for Tesla is still massive. Just need to get that cheaper version and rule the majority of the market. Hopefully earnings report add some more news around new models. Hope Elon and CFO pull it off this time. GL
Giggey, in the last update in Jan I remember 10% rise on the day of the results. This time we could see similar rise. Even 4% rise is good enough for starters. Today we already did 3% so tomorrow 4% rise is easy IMO.
4% rise would take us to 520+ and this was hit in Jan already so easily it would climb to that price.
@Prime, hopefully from tomorrow 520p becomes the new base. With interest rates likely to remain same next month and inflation dipping to single digits, a positive sentiment builds and that should help EZJ to hit 540p - 550p easily next few weeks.