Member Info for unvrkw

very chilled, its blatantly obvious that diagnostic testing companies and lateral flow test have a huge future, huge job in front of them to help manage this virus and many others. whether hopefully for everyone's sake alongside successful vaccines or not we need huge volumes of testing in all walks of life asap alongside vaccines. the more accurate and better the higher the overall value to everyone so hopefully mologic help to make this come true.

share buy back? its very much possible with so much cash and takes out tax implications for all.

it will pop pass £3 now i think quite quickly and then beyond.

looked like a resistance level that has been passed, i think under lighter volume it may go higher this next few days up to announcements in january and beyond. good movement, good progress.

The government are now pushing lateral flow tests everywhere. Schools, communities, ports, airports, pretty much any economically impacted area to start followed by socially impacted areas.

There going to saturate the areas, train army, staff and then employers followed by public to use the tests as standard practice to stay on top of covid. It’s all coming on line now, over time they’ll want the most accurate lateral flow possible in order to speed up and reduce testing costs, this will go on for years until the confidence exists that the virus is gone or under very tight control which will probably means tests anyway.

This is lateral flow all the way, always was just a question of time. Time to get the tests developed, time to show some it’s not going away, time to show it’s a horrible virus. Gla, happy Christmas

We shall see, the odd AIM stock comes overtime and does ok. You can wait ten years at 70% loss and within a fortnight be 60% up.

Most don’t do this but some do and if you get the 60% actually when you need it then everything works out. For me that 60% in ten years would work out fine, still be a huge return over period, more so than most other investment choices. We shall see gla

I don’t think chris has managed this company intentionally in a bad way nor creating these small gains to pay off, I think he just didn’t understand how to run and build a marble business which never helped.

The people in charge now know what they doing, it’s as good a chance now as ever to succeed, the new bod. And management must have been promised some of his shares to pull this around.

They have time now to get there, obviously people who will back them as this continues and evidence and faith it can succeed.

One suggestion was that the loan notes gets paid off before due dates meaning less dilution? Let’s see

Note that Doc has highlighted fox today on Twitter, the extra attention I think is now coming from the court case, even a €20 million win is very significant for fox, irrespective of market cap it would clear all debt and set them up for years to come

The update will be sharpish in the new year, special divi first week even trading update same week or one week later if history is anything to go off. I think they like to get the numbers out and when there good it’s not unusual for them to come quickly.

maybe fox is the santa rally that everyone hopes for and needs!! last few days have been pretty subdued however as people listen to the updates, understand and create a little confidence in the share we might see some better buying and a price above 2p??

confidence in this share is terrible, absolutely terrible however i am sure tom W knows far more than said on the video updates he does with chris and he is pushing averaging down on this share which isnt a kinda normal approach often. santa rally on light volumes rest of this week, into jan and then an update to confirm sp or sink it right back down again

they said the aim for 2020 was a divi payment making up to a yield of 7.5% so there is more to come if they wish to hit that number. we have had a a proportion of the annual divi announced. i expect more in the end of year update when the cash they have is clear and confirmed.

We are targeting a 7.5% gross yield for the financial year ending 31 December 2020, based on the Company's current market capitalisation, commencing with the payment of a gross interim dividend of 0.02 pence per share. Any final dividend and any potential dividend in future financial years will clearly be subject to the Company's financial performance going forward, however, we envisage that the total dividend would be split approximately one third interim and two thirds final. Furthermore, the expected total dividend for 2020, is already covered by the Company's earnings for the first six months of 2020.

so we can expect 0.04 of a pence divi to come for 2020

you made the comments below on friday 18th, spot price of 174. yesterday it was trading at 187 so another 13 dollars on the price on top of everything else explained.

Up and away new high...
http://www.custeel.com/en/csi.jsp

in December we have gone from $144 to $187 dollars so far on 65% fe fines. the numbers are huge and the volumes and quality always improving.

no reason to suggest we wont get the update first day back on the 4th jan and this is still my biggest individual holding by value which i'm very comfortable with. i expect both strong divi growth and sp growth to match. the 50 year timeframe for the mines set me comfortable knowing this wasnt going to be a two to three year adventure and then looking to the future everyone starts to jump ship.

no reason this wont hit £5 plus this next year bearing in mind operational costs are also down and when we see $s drop off the price of oil that directly impacts positively too on their bottom line. surprised its not gone higher these last few days with overall lighter volume in the market and the 4th being probably the rns date for special divi.

be really disappointing if the special divi isnt up double digit % increase, cant see how this wouldnt, cant be the case as where is all the money going. other thought which would benefit shareholders more than divi is a share buy back scheme, with the $s involved at the moment i think this is a reasonable possibility. good luck all and happy christmas

yes thats quite a few buys this morning at reasonable volume building the sp. i nearly dipped back in this morning but resisted and put my money elsewhere to spread the risk. i have enough in here at high risk and ive decided to share the pain. interesting, new period ahead, as always chris was positive in the last update even suggesting breakeven next year if block sales re-start which i guess with everything going on is starting to look less likely. the million placing was also to build further block stock for the factory. round and round in a big circle, whatever next!! gla

i would think next news is in the new year and confirmation of the divi payment as long as Q4 as gone to plan. this will then back up the 7.5% yield they aim for which i think is appropriate against the stock risk that still exists. ive invested some more over the last few days and reached my ceiling. if they can hold the cash in flow for divi i will be happy, appreciate this will be seen as a high growth potential stock, less interested in this happening quickly and can wait for it to grow well and more steadily.

well done, my last five sells have been in barclays, sold at 149, 148, 146, 143 and today at 138. thats will a 28% min gain on buy price so quite happy. just didnt feel the santa rally had any legs and everything falling apart. still have 25k of shares with 30% gain so holding these into the new year to get a gain if brexit is signed and covid managed. gla, wobbly times can bring gains if picked well

lets see what the next few weeks and months bring, ive bought some more today and hit my target to purchase so wont get anymore. be good if the divi comes through and like some of the rest on here can leave this sometime and see what happens.

they said the divi was aimed at being 7.5% for the current year so they will announce another payment soon. enough cash to now do this, more about what investments are to be made. someone made the comment the other day about liquidity in the share, not a lot and this makes the investment hard for others as can be easy to buy but actually quite hard to sell at times. however based on this i did buy a few more this morning.

It will pop, no different really to what the virus is doing. I’m interested to understand if the Mologic saliva test is linked to the Vatic test shared last week

What I like is the income isn’t just divi payments it’s a combination of different instruments that guarantee more so success.

The Company principally invests by way of debt and/or equity-linked debt instruments which provides equity upside with downside protection, with income principally being generated from interest, fees, equity conversion upside and warrants.

I don’t think their big enough yet to not suffer a significant fall if an investment goes south but they certainly seemed to have found some milage and direction to start growing now quite quickly.

This is the business that when you buy on AIM can **** you off who help finance a company raise at ridiculously good options for them against the private shareholders. One reason I took a position to gain from both sides of the coin.

Guess what 2020 won’t be a great year, 2021 might be ok if covid goes which is fair as no different for thousands of businesses.

Funding for court case there, less than 50% given to lawyers and funders if they win

They expect to win, other side has only just started to prep

Could pay off loan notes prior 2026 and stop further dilution

More local, marble slab orders to win and they will win

Expect great success 2022 onwards, never been in such good shape if covid lifts for slab and block sales

If they win expect significant amount based against market cap, pay down debt, share buy back, special divi

Another bullish performance the million raised was to support more block marble from the quarries for slab orders.

Seems no different to normal so guess this doesn’t mean anything until actual results are proven. Based on sp and history quite happy with update, at this stage I’d expect a ceo saying company is now wound up and I’m buying it for a quid so there’s hope, gla

Thanks, I’ll have a listen