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https://www.hastingsobserver.co.uk/news/business/easyhotel-plans-would-breathe-new-life-into-hastings-eyesore-1-8664889

103 rooms, old building, cheaper to buy, great location

I thought it would be on the last three months however I think your correct, it’s from the point of exercising and 30% more so even today that’s changed.
This is written based against a deal scribed when the investment was first made, in surprises the amounts involved are little more than the capital investment.
When a nearby quarry just got sold for €75 million this seems very small.

The portfolio is a lot more secure now, if the quarry 3000 T at €100 per T block that’s 40% of 300,000 so €120,000 which is a long payback. They’ll quarry more than that and sell far higher so it’s obviously a financially calculated deal.

Going to be very interesting with the deal as we get towards H2 update, looks like some are starting to put their hands in their pockets!!

The same amount spent by gulf marble on capital for equipment. So now fox own assets, rights etc.

They will probably take shares if they know it’s going well.

2.8 million In loan notes outstanding

Looks good to me. They obviously had an agreement to buy if it went ok and now they have taken full control. Should be straight forward payback if volumes are high. Will it end up being shares or paid back?

https://www.oxfordmail.co.uk/news/16973777.easyhotel-in-summertown-approved-first-pictures-revealed/

Spot on, no impact bar positive on fox, Stone is seperate and feeds through fox when it starts. It won’t start until fox is seen and demonstrating success

Good rise today!

I don’t think there in that space of over promising, spreading too much info.

Least it’s still not going backwards

i actually think that is exactly the case. they arent concentrating on stone alliance until fox breakeven, is doing really well and can demonstrate itself in the market place which then encourages investors forward.

fox will not work against stone alliance in essance its an extension of what they do and are. it means that everything will go through them and money will be made

i believe it is on the back burner until fox is in good shape and brings confidence back to the market. the volumes are huge in what the quarries have, no idea how this all gets sold however this is the idea overtime

They won’t mention profit but the Rev par increase implies these will go up unless overheads centrally in staff etc have spent it. Good update, good progress and divi % wise is linked to profit. Biggest challenge at the same time is that it’s still very low

Loading up of more shares, good to see, their obviously all getting excited

Good move I think for him, great price

Agree, I don’t think they’ll give estimates just confirmed revenue afterwards like everyone else, neither great updates in orders or customers. They never highlighted the Chinese customer till further down the line this time and they haven’t been specific with their order numbers as it could go really well or they disappear without notice like the first ones did

Agree, I wasn’t thinking that would be soon, I think 10 million euro revenue will happen with 2 years as long as the market stays strong

Really good progress and a great positive position going forward for the company, the business model is working and expanding European wide as they have identified great cities elsewhere. They’ll want another raising but at a higher sp, good share to hold long term for me

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Expecting good news and revenue increases reflected

The Greek marble factories show huge stocks even though their weather is ok. They’ll stock pile huge amounts for potential four months closure, if its then fine that will be a bonus.
Whether they’ll have enough orders for the plant for that long as yet not so sure, however they’ll know the orders, trends and what their customers are thinking so it can be planned. Revenue Chris believes can be €100 million let alone the market cap

Worse case is over promising which has happened, they opened the wrong quarries in the wrong order based on what we now know customer demand to be. The money has all gone to capex, stock etc, we have still built a capable plant which took longer for different reasons.
This was two guys going into a industry they didn’t know well, seeing a potential and going for it.

In many other businesses on AIM certainly we would have been diluted right out of the game and they would continue even now whereas Chris is running this like his business not a public company that bleeds off shareholders.

It’s taught me not in general to go in right at the beginning, I invested in fox, sold out and came back around two years later as this pattern is very common and expected, very few go in a straight line up.
Ironically the potential is now at its highest when people have the least confidence which is always the way as investors buy on the up and sell on the down.

Trying to create the market just selling blocks didn’t work and getting Italians to do slabs and tiles was a disaster. Expect less info from now bar very big rounded up detail as the overall market is very fragmented, very traditional which fox are trying to challenge

It’s high margin, high demand, low cost product? To think there are 40 quarries in the background that might one day come on line is huge. On region that the Middle East or China I am sure will soon take enough production to just break even

everything you are saying is fair and no different from pretty much every company on AIM and the wider field, hence the huge gamble this is.

we are have choices, we all seem to gain and loose over time with all hoping and beliveing we only need one or two big winners to really make a personnal differance, better than leaving in a bank account last 10 years on 0.25%