Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Main business seems healthy but other stuff is sinking it, I still see they can't break away from a negative "Total comprehensive income for the period", £10m loss isn't as bad as -£50m last time in April for a full year.
Or maybe it can get to £30 in 30-40 years?
Re: ...Whether that be 2 years, 3 years or 5 years...
After dilution, 10:1 consolidation or £25 per share equity raise?
Is it for Carnival PLC or Carnival corporation?
(because those are a bit different companies with different financials and consequently valuations)
Re: ...with not necessarily a lot of cash...
Latest results clearly show negative equity, add to this costs to keep the lights which are burning out remaining cash balances.
I'm surprised creditors are not pulling the plug, but at the same time looking at assets it's quite obvious they don't have much to take back on a first place, so I guess everyone just wrote this off.
Haven't visited this ticker for a while, though "finally" looking at suspension status but seems it's not done yet.
There's another amazing opportunity for AMGO BoD to invest capital of their shareholders into, the company is called "Aerotyne International" - cutting edge hi-tec firm with huge upside potential with very downside risk. (not a financial advice of course).
MTRO has a very unusual business model - lending to property market sector then selling mortgage portfolio at discount (not a first time right?). I might misunderstand something about how capital owners of this bank get any profit, unless it wasn't the intention on a first place.
Equity £20m, m-cap £80m, annual loss looks like nearing £10m,
oh my, this is going to be so much of exciting fun watching it on a slow burn over the next year with all the flashes in the end..
Not sure results are that good, comprehensive loss for 6 months is £61m (mostly because of FX).
administrative costs up 50%
financing costs up by 65%
but even it you take purely operational results - profits there aren't sufficient to support current m-cap, gap is huge.
That's BS, these sells aren't from MMs, having predominantly high base bank interest rate - risk-adjusted required return on investment suggests sp should be much lower, that's pure fundamentals, people just acting accordingly before it falls even further.
@everythingmoney
There are some numbers on a paper (details are being finalized by court)
but it seems to be unrecoverable anyways, so not a chance,
lethargic investment approach with another few years of not looking might be best option.
As expected financially they do hold reasonably well with sufficient liquidity reserves, revenues are depressing but that anticipated too, nice to see almost static finance costs, I was waiting to see a bit more of their asset value writedowns though (NAV/mcap holds pretty well at roughly 50% of equity).
That's quite significant impairment considering their residual equity after loss last year.
Their liquidity wasn't in good shape even without this update.
Not the stock per se but rather commercial real estate in general and office space to be more specific (not hmso's dominant segment, it's retails spaces after all), most of hmso drop is because it's dragged by association, smaller part of this drop is caused by their financials (although INTU collapsed because of their liquidity issues triggered by debt and problems with refinancing) b/c hmso has some liquidity buffers after converting assets to cash recently therefore they can last for another year or two despite suffering losses. If hmso are to follow refinancing path then in current environment rates will be very punitive too.
imo - banks have much more exciting times ahead with their residential property packages.
I don't see £10K trades, only 7K for 1m shares at 16:11 (nearest time to your post) , couple of half mil shares at around 16:00, then 4m for £27K at 12pm apart from two day-closing ones for nearly 1m shares each £6.5K and £5K respectively.
Well, good luck Mark, I'm definitely not touching any kind of this toxic mess anymore despite getting some very pleasant profits on these swings since JB, because such outcomes are pure gamble or favorable coincidences (like with Vincent{?} last time, man betting millions of his savings?, these things aren't expected or predicted and can't be relied on) for uninformed investors without much of a control (even by BoD despite their efforts working out alternative solutions with parties including regulators). Probabilities of complete capital wipeout in these endeavors are through the roof and endgame market statistics isn't pretty even if you do diversify between cases or keep rebalancing as it goes.
I'm happy with my profits made on such several lucky cases (thanks to my active position making right choices at right times especially on emergency exit triggers) but I've in serious doubts these results are sustainable, once material chunk of your capital is gone - recovering these loses might be a very long and painful path.
Inflexion either has a hell of a plan on how to monetize their acquisition or has much more info on new developments than general market has (given recent new Commercial Services appointments), otherwise it doesn't makes any financial sense of buying out DWF at price way above fundamentals.