Member Info for the_shareminator

Issued in the Interims - "Operating cash flows are traditionally stronger in the first half of the year than the second and start of 2014 again saw strong cash flows, resulting in cash inflows from operating activities of £5.2m (2013: £5.0m) and a reduction in net debt to £7.3m at 30 June (2013: £8.8m). As a result, our gearing ratio (net debt to equity) reduced from 17% at 31 December 2013 to 11% at the end of the period and our "leverage ratio" (ratio of net bank debt to adjusted EBITDA) reduced below x1.25, triggering lower interest rate margins which will benefit the second half of the year. At 30 June 2014, the Group had £11.6m of committed facilities, of which £2m was undrawn, and an additional overdraft facility of £2m. As in prior years, due to the phasing of working capital requirements, an increase in net debt is predicted in the second half of the year." Issued today - "We also expect our year-on-year net bank debt, gearing ratio and debt leverage ratio to be further reduced."

Regarding acquisitions - from what I understand, the two in the past 6 months have been purchased through issuance of TMMG shares for the considered price, namely at 42p for one and an unknown figure for the other. Good for the business but it wasn't really going to affect the groups net debt position. It should add 3-6 months worth of additional revenue to the results and as both were profitable then operating profits should be higher. Second half is according to the Interims normally a poorer half, and they had expected to see net debt rise but todays update does suggest an improved outlook. For a similar value stock check out ESS, completely different business model but might be of interest comparing the financial results.

Bit of buying activity last week but no news, wonder if the company will announce something early next. Expecting the next trading update in March, one to watch GLA

If silver breaks $18.4/oz next resistance is $19.5/oz last seen in August last year

Hope so! POG heading in the right direction, HGM turning a corner at 42p now.

ali2k2 - sounds more like a punt, high risk and potential to make a large return. Issue of timing but if you can sit and wait then might be lucrative

Gold up, oil down, precious metals gaining http://www.theguardian.com/business/2015/jan/22/ecb-unveils-1-trillion-qe-plan-stimulate-eurozoen-economy

Welcome to the ESS club :) Look forward to hearing any views from yourself or members of your share club. It should be an exciting year for ESS, not yet on the radar judging by the lack of volumes but expecting that to change once final results are released in March

They've taken out a CFD on Shanta, no change to their 81m holding. Still positive assuming they let it roll

Interesting GLIF invested in proplend according to the HY - https://www.proplend.com/about/ yields being offered for commercial loans look quite attractive!

Continues to lose money by the sounds of the trading update, expect it to get cheaper before the reversal. Another 20% off the market cap by June 2015

21/01/2015 10:47:00 RWA 343.13 O 25,000 21/01/2015 10:46:46 RWA 343.13 O 25,000 21/01/2015 10:37:31 RWA 343.13 O 26,309 21/01/2015 10:37:19 RWA 343.13 O 26,309 Over £350k worth of buys

Twitchy investors selling at 42.5p when the gold price is trading higher than yesterday and the day before and the day bef... $1300/oz gold - $375m revenue this year (after discount applied for Novo) and $650/oz cash costs, forward earnings look a lot healthier, even assuming similar outlay on CAPEX to 2014.

2x big orders filled at 340 for £87k each! Can't imagine MMs would take the price up to fill a sell order of that size given volumes over the past couple of weeks. Must be buys...

Everyone loves bowling, why not ESS Market value: £34 million (68p) Revenue: £48.61m *Estimate* (6.6% up y-o-y) EBITDA: £5.7 million (39% up y-o-y) Pre-tax profit: £3.2 million (60% up y-o-y) Net cash: £2.3 million (109% up in 6 months) Net cash is up £1.2 million in the final 6 months which factors in the purchase of a new site for £650k! So really cash generation is around £1.85 million each half. There will be increased cash generation from the new site now of course, so potentially £1.9-2 million every 6 months. The company are looking to increase investments into these proven 'high returning capital projects' so expecting further growth through acquisitions.

Hidden amongst the positives - "Forward sales from January 2015 to September 2015 of 31,500 ounces at an average price of $1,240 per ounce".

WHE trading above NAV whilst MAFL continues to trade below it. Spread on these stocks is terrible though

Todays update a mixed bag, production of only 7.8koz less than expected but costs are reducing to around the $900/oz level. Margins improved with the rising price of gold. Expecting around 9koz per quarter in 2015 with approx $300-350/oz margin after sustaining costs ($2.7-3.2m). Likely to be spent on further exploration in 2015.

Cash-flow must be looking healthier every day here!

Profit takers may regret exiting, gold is surging towards $1290/oz right now, highest its been in a while. Retest of 47p on the cards?