Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fair point Goldigler.
According to one definition "Mid Cap" companies are generally those listed on the FTSE 250 which typically have a market cap range of £500 million to £4 billion.
So Fiona's 3 to 5 year objective is, using your figure, something above £500/£200 * 36p = 90p.
I have around 60% of my investment portfolio in ECHO. So they have got my vote.
To quote our excellent CEO Fiona MacAulay:
"We have always said that we striving to be a Mid Cap company within 3 to 5 years.
I have been at the helm now for one year and we have made good progress towards that and
I would hope that this time next year we are looking at something valued over £200 million.
That would be my objective"
Today our Market Capital is £82.88 million so this time next year we cab hope for our share price to be £200/£82.88 * 17.45 = 42.1p, that 2.4 times where it is today.
With a diverse portfolio of assets that's as good as it gets.
Do your own research.
Order of court to wind up:
https://beta.companieshouse.gov.uk/company/10212336/filing-history
Thanks Mightyshrimp, that's a very good read. Hope to see you Thursday? Tim tweet from Echo: " Hear more about the transformational Argentinian deal when Echo CEO Fiona MacAulay presents on Thursday, January 25th, 6pm at The Ritz, 150 Piccadilly, London. To register click here: https://t.co/rnPx14KpyY "
Rktech. That�s a fair summary. It is very clear we are not acting in concert. We are a discussion group, sharing opinions and encouraging debate in support of our investment. We continue to try to take the initiative and engage with ABH in a positive way, many investors and smaller groups also do this independently. Three of the Groups Committee have been in email contact recently asking for updates. He has acknowledged two of those emails, simply saying thanks or that he reads all emails, but gave no more information. We have no more information to give other than that which ABH has put on cloudtag.com Inevitably all of us, inside and outside our Group, are nearly always "one step behind" because we are reacting to events. I would welcome proposals as to how we can improve our effectiveness bearing in mind the essential need to focus on what is best for our investment. One small correction, ABH did not attempt to force the Group to tale the company over, but he did question whether we were acting in concert. To me it makes good sense to keep the Group active for the duration. For the last three months we have allowed ABH space to make progress. Yesterday�s update on cloudtag.com is encouraging and it seems most investors now look forward to continued, regular and more in-depth progress reports. Understandably, others remain dissatisfied. Keep in touch ctaginvestors@gmail.com
back down to 72.x Any thoughts?
Does anyone feel we have reached a low yet? Was talking to an ex employee, in accounts who still has some shares givem to him whilst employed. He thinks 120 is probable upper limit here, which is not bad for new buyers but only if we can see some suppport a this level. If we put aside the disastorous european expansion and hence very bad management decision making then too much debt is the other main issue. Without evidence that we are bumping along the bottom then what faith can we gain to say this wont fall to 50p? I made a note of one city scribbler who gave the following asessment: 08/07/11 MoneyWeek: Gamble of the week. The city is forecasting 2011 revenues and underlying earning per share of £1.9bn and 21p respectively. On this basis I value the group on a six times EBITDA multiple. After adjusting for £87m pension deficit and debt load that delivers an intrinsic worth of 180p. Numis has a price target of 180p. Any thoughts on this one?
Is this falll just due to market fall?
Wincanton plc ("Wincanton" or the "Group"), the leading provider of supply chain solutions, today announces that it has signed a conditional agreement for the disposal of its remaining operations in Mainland Europe (the "Disposal") to Rhenus AG & Co. KG ("Rhenus") via the disposal of Wincanton's Mainland Europe Holding Company. To view the announcement in full, please click on the link below and see 'Latest Company News': http://www.wincantonplc.com
Having been down as low as 117p and now backup to 133p perhaps we can now at least say we have seen some significant level of support. Wobbs, did you manage to get out of anything? Sadly I did'nt and my pf if you can call it that is a total disastor.
I'm feeling pretty fed up with this one too. I'm down £25k here. How can it be that a money making, negative debt company falls so much. I did see a fall coming and feel sure I said 160p as the low point. But this seems stupid. It feels that the market is manipulated. Cant contemplate selling out even if we think it could fall to 130p. Its trying to overcome the internet critism, recent advertising must help. Abbs, as Wobbs says be careful, perhaps if you start your buy in at this level and hold some in reserve to average down you might be ok. I wish I were in your position. Good luck.
This stock is now very over sold, lets lift our spirits and look again at the figures Yield 6.6% this year and The Times says 7.5% next year. P/E according to The Times is saying 9.9 for next year. Dividend Cover 1.45 which as we know means they actually earned 50% more profit than they are allocating as dividend and goes straight into the bank as cash because they have no debts. NAV Per Share 134p, not sure why other sites shows this as 345p As we noted above Zero Debt, cash in bank £159m, Current Asset Investments £100m Looking at the question of NAV Per Share we can say that this site shows Net Assets £2,741m and with 813m Shares in Issue we can calculate ourselves that Net Asset Value Per Share = 337p. So correct me if I am wrong but I think the figure on this site is showing Net Assets - Intangible Assets £1093 giving Net Assets Value Per Share = 134p which seems a bit cautious and I think its ok to say the essential value of this share is 337p. As Wobbs keep reminding us this is a very healthy company. Broker targets are a bit negative it has to be said but some times they seem to have ulterior motives in talking a share down. For what its worth my own personal target is 250p which is where we were in June last year, but why not even 300p longer term we have been there since the crash. Why do we think the brokers are so negative, sure retail is pretty bad but it must be safe to say this company will recover?