Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Blimey. Didn't think it would drop under the £1 mark as quickly as that. 7% of the company share value gone on no news and low volumes. Time to buy!
Looks even more attractive now at £1.03p ps. I wonder if it will drop under £1.
I wonder why the drop from £1.60s to under £1.10?
It certainly looks an attractive price at the moment.
Lower lows followed by lower lows.
I also think TOSCA are continuing to dump stock which is further depressing the SP. Its hard to say what's fair value for this stock but 16p does seem cheap when reflecting on last years results and the progress that has been made on the new business model as well as further reducing debt and rearranging the balance on more favourable terms.
TR1s will come and go and the next update is due in April. I expect the SP will have recovered somewhere in the low to mid 20s by then.
A dormant volcano about to erupt?
A sleeping giant about to rise from its slumber?
A phoenix about to rise from the ashes.....?
Or a comatose victim on life support struggling to regain consciousness?
It was TOSCA that dumped the 6 million! I wonder who, if anyone, has bought them?
Just had an email back from HSS investor relations saying the next planned update is likely to be full year results in April but this has yet to be confirmed/published. I expect a couple of RNS statements between now and then, possibly TR1s. Hopefully there wont be a profit warning and wouldn't it be good to see a RNS stating materially ahead of expected profit!!
I've written to HSS and told them their financial diary is empty. There is no notice of when the next updates are due. In the meantime there is no news and someone continues to dump and the share price drifts lower and lower ......
I'm sure that this has been posted before but I thought it was a credible piece of analysis so worth sharing again.
https://acfequityresearch.com/wp-content/uploads/2021/09/Eurasia-Mining-Plc-Research-Flash-Note-ACF-FINAL-01092021.pdf
London stock exchange showing a 5.26% increase and a closing price of 18p.
Another 39 million shares have been bought for £6 million. That's nearly 80 million shares bought in the past 24 hours. Another TR1 on the way.
And now showing 39.2 million bought back. Who knows what's going on but I hope it help the share price achieve a realistic value. Anything under 25p seems undervalued.
That 40 million sell account for nearly 6% of total shares in issue. I wonder who sold? All will be revealed shortly no doubt.
All of which flies in the face of the half year trading report.
"The first half of 2021 has been one of significant progress and I am very pleased with what we have accomplished. We started the year with strong momentum and trading continued to improve over the period, with Q2 21 revenues at 102% of 2019 levels, EBITDA and EBITA margins up and ROCE at a record level. This strong performance, combined with the post balance sheet date sale of All Seasons Hire, has allowed us to reduce leverage to around 1.0x, well below our 2.0x target, completing the final element of the strategic plan set out in 2017: to Delever the Group, Transform the Tool Hire business and Strengthen our Commercial proposition.
The Group has made strong progress over the last four years so that HSS today is unrecognisable from the HSS of 2017. Our unrivalled digital capabilities allow us to offer our customer what they need, when they need it, servicing demand through our 500+ partner supply chain. Leveraging our differentiated customer offering, highly-evolved technology platform, and scalable structure built around two key divisions, we are uniquely positioned to capitalise on market opportunities as we begin the next exciting phase of our growth."
Lots of funny trading numbers today, 10s and 8s and 13s. I wonder what they are for. Its not unusual for a 4 or 5% drop around midday only for the price to recover at the closing bell. Something is needed to push the price up more consistently though.
The current market cap is £135 million.
£0.65p per shar would make this a £450 million business. That's quite an ambitious valuation in my opinion.
Personally I think 40p per share is a realistic target. Then lets see what the full year results are.
Fingers crossed indeed! I'll be logging on at 7am to read what they have to say about the last few months and the forecast for the rest of the year.
The sooner the better. Anything to drag the share price out of its current state of topor. Only good news and serious buying will get this moving upwards.
Interim results were published on the 8th October last year so I would expect a similar tineframe this year.
Barmy! Down 9% at one point yesterday, up 9% today. Almost a 20% swing on no news. There's no telling what's going on in the stock market. I still feel Brexit and Covid will cause further damage to the markets in general but any rise is welcome.