Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I would suggest understanding what data is good and what data is bad first. Using sources like articles that say 'holy smokes!' instead of peer reviewed published studies is a poor place to start from. I also don't care I'm not in this argument or that well informed, I don't know the answer, but I do know how to find the answers and how data and research works and you are not providing valid data.
That is not a logical comparison. YoY price change doesn't factor in price change from purchase.
E.g.
New Tesla: £50k, +1 year £48k, +2 year £45k, +3 years £36k (Oh no a 20% drop!)
Other EV's: £50k. +1 year £45k, +2 year £40k, +3 years £35k (less of a drop in year 3 than tesla!)
The 'used' model 3 price 2022 is far closer to the new price than the other models are to theirs. Net 3 years in vs other models they might still be better off. Your ability to analyse data is poor to say the least.
Read the statement. They mention high staff costs a couple times and still no mention of leaning out the company. The staffing costs are outrageous for the revenue, how on earth do so many people produce so little output. They need a staff restructuring or at the very least a hiring freeze.
Downgraded my strong buy to a buy as management doesn't inspire confidence for me. That being said, despite a poor year, 2030 is still a huge target for a lot of EV production and related industries. At this price, i will still be buying as even with a couple of bad years, i believe damn will be forced to ramp up at some point.
That is quite common, doesn't mean the company is bad. My biggest concern is the staffing levels. Why on earth do they have £30m in staff costs with £60m revenue. £100k rev per staff member is awful. Very overstaffed and clearly need a consultant to go in and fire a whole load of them. If they brought payroll down to £15m, still 25% of revenue, they'd be much closer to a sustainable business.