Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
SNL
supply network limited
Add to My Watchlist
0.32%
!
$37.05
!
$37.05
Ann: Appendix 4E, Annual Accounts & Performance Guidance, page-18
-
-
Share
These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
- *Removed* this post has been removed from public view
-
TRENDING NEWS
Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem
19 Jun 2025In this Week 25 episode, we talk about the $30 billion takeover bid from Abu Dhabi that Santos (ASX:STO) will be mulling in coming days, claims Virgin’s impending IPO is “overpriced,” and Sprott buying up physical uranium. Listen Now
NEWS -
Sharenot so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
- *Removed* this post has been removed from public view
-
Sharere: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
- *Removed* this post has been removed from public view
-
Sharere: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
- *Removed* this post has been removed from public view
-
Sharelook who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
- *Removed* this post has been removed from public view
-
Sharere: not so stupid now**hey big ears**** You got me there big fella,
I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
-
ShareThere are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
- *Removed* this post has been removed from public view
-
Sharesandune, you come across as being so deluded by hate.
The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
-
ShareVery direct, and good post. It's only others that will feel the shame for the directors TSS.
A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
-
Share
I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
- *Removed* this post has been removed from public view
-
Sharerogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
-
ShareSo you can see both sides of the story matty.
I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
-
-
ShareAgree seuss.
I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
-
ShareI know. Maybe I didn't explain myself very well.
There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
- *Removed* this post has been removed from public view
-
-
Share
Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
- *Removed* this post has been removed from public view
-
-
ShareWe'd have loved to play with your mind GZ, but this one is just uniquely weird!
We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
-
ShareI am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)
I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
- *Removed* this post has been removed from public view
-
ShareI find that post rather repugnant and cynical cusox.
Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
- *Removed* this post has been removed from public view
-
ShareShadow, that is bull dust, and you know it.
If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
-
Share
No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
- *Removed* this post has been removed from public view
-
Sharere: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
- *Removed* this post has been removed from public view
-
Share
@Gralynchett , @Klogg , @neoteric et al,
It always fascinates me which sort of posters you encounter in the same place.
After SNL's FY16 result, I started to research the company deeper and to build a financial model.
Soon after that I came to this thread, only to find some of HotCopper's most insightful posters already in deep debate about the thing that happens to matter most to me, namely Free Cash Flow.
So your discussion and analysis about SNL's FCF growth not matching growth in the P&L was most instructive.
There is just one caveat that I think warrants adding; for a little company like this, I think that 3 years is an insufficient period of time to really get a grip of what is happening in the business.
Especially a business that increases its Sales Revenue by 60% (corresponding to a CAGR of 17%pa) - and by purely organic means - over that relatively short time frame.
I suspect that sometimes we, who analyse business performance, can easily forget that there is a world of difference between modelling some numbers in an Excel spreadsheet, and actually living out those numbers in the real world.
In a practical sense, being in a business situation where you are supplying your customers at a rate that is 17% higher than it was last year is not easy. But having to do it for 4 years on the trot is crazy (between FY2009 and FY2014, SNL's Sales Revenue doubled).
And remember, that occurred largely using the same asset base, facilities and infrastructure, because over the 8 years leading up to FY2014, the company spent a mere $4.0m (net $1.3m, netting off cumulative depreciation over that period) on PP&E, and despite that paltry investment, between FY2009 and FY2014, it delivered $40m in incremental Revenue and $6.2m in incremental EBIT.
As a result, EBIT/Assets ballooned from under 12% to 22%.
Clearly, that sort of trend has limited sustainability before something has to give.
And of course, as the economists say, there's no such thing as a free lunch and this super-normal growth had to be paid for somehow, and the way this payment occurred was not out of an investment in fixed capital (as has been shown), but out of an investment in working capital.
Which is what the nub of your earlier discussion in 2015 so aptly deal with.
So, with respect, what I think your analysis overlooks - because it is confined to just one extraordinary (and relatively short) period of time - is some of the practical realities of what would have been happening inside the company, its warehouses, branches, logistical infrastructure, and its human resources.
As I said, delivering 17%pa growth in business activity, in the type of tactile goods business that is SNL's, is on its own enough of a feat; but to do it year after years is something I am convinced that we armchair critics don't appreciate.
Over the course of my career, I didn't spend much time in the real world of commerce and industry but I do recall, as a young graduate, how much stress and strain there arose in the organisation where I worked even when we had some of our customers calling for 10% or 15% increase in service levels over relatively short periods of time.
At the risk of labouring the point, when a business is undergoing the sort of rapid pace of growth for an extended period of time, as SNL had been, then that business is sure to come under some sorts of pressure and certain inefficiencies are certain to emerge.
Reading between the lines of management commentary during 2013 and 2014 one gets a clear sense of a business operating at more than full capacity and bursting at the seams, but being too busy to do anything meaningful about it... the classic circularity of, "we are so busy that we aren't able to do something to help us deal with how busy we are."
So, I think that, under those sorts of business circumstances, some sloppy inventory control - to which your analysis at the time rightly pointed - is not at all surprising, I don't believe. In fact, in some ways, I'm surprised it wasn't a lot worse.
But if you look at the longer-term trend in your Sales-to-Inventory metric, you will see that what was supposed to be happening with scale benefits as the company grew - namely increasing the Sales-to-Inventory metric - was indeed happening in earlier years, until the growing pains started to be felt in Fy2013 and FY2014 (which was the culminating point of your exercise).
Sales-to-Average Inventory (times):
FY2006: 2.82
FY2007: 2.81
FY2008: 3.09
FY2009: 2.73 (GFC sentiment -induced, presumably)
FH2010: 2.87
FY2011: 3.25
FY2012: 3.39
FY2013: 3.37
FY2014: 3.02
(Note: To smooth out any lumpiness, I have used average inventory, as opposed to period-end inventory figures.)
This pattern is confirmed when studying the more inclusive measure of total Working Capital-to-Sales, which - while still high - was trending in the right direction until the company started to run out of wiggle room in FY2014.
Average Working Cap-to-Sales (%):
FY2006: 32.3
FY2007: 31.7
FY2008: 29.5
FY2009: 32.0 (again, GFC sentiment -induced, presumably)
FH2010: 30.3
FY2011: 26.6
FY2012: 25.5
FY2013: 24.9
FY2014: 27.8
And, I am sure, the deterioration in these working capital intensity metrics over the course of 2013 and 2014 is manifestation of the organisational congestion that prompted the bringing forward of the 3-year strategy review.
The result of this strategic review was the wholesale re-configuration of the company's supply chain in NSW (effectively an entire relocation of its national distribution center from one city to another... no small project), as well as major operational changes and expansion in its operations in WA, QLD and New Zealand (again, no mean feat considering the need to maintain service levels in a rapidly-growing business).
There can be no mistaking it, SNL's offices, warehouses and branches have been very busy places for an extended period of time, and I suspect the company's management and staff have earned ever cent of their somewhat modest remuneration over the past 6 or 7 years.
SNL's financial history suggests to me that this was a business that grew very fast, so much so that it caught its own managers a bit by surprise.
I think that, as casual observers of SNL, cutting and slicing the numbers, as we do, we don't really have any real insights into what has been happening in this business for the past 6 or 7 years, namely the phenomenal growth in Sales Revenue since the GFC and 2014, at which point dis-economies of scale started to appear, and then management's response (belated, possibly) to doing something about it by investing in capacity to cater for the growth over the next decade or so.
And that's where we are today... emerging from the point where much-needed capacity has been created (at modest capital cost, incidentally... a mere $5.0 of capex over the past 3 years) for future, long-term growth.
Last week's trading update, which indicated for 10% Revenue growth and 27% EBIT growth in DH2016, certainly seemed to provide the first evidence of it.
Having seen many companies undergoing growing pains such as those experienced by SNL, and then responding like SNL has, tells me that the company is at the start of another 3 or 4 year period of above-average growth (maybe not at the same pace as the 2010/11/12/13/14 period) but still at a healthy enough pace to materially impact the bottom line.
Specifically, I suspect the company will - barring the sky falling on our collective economic heads - generate around 7%pa to 8%pa growth in Revenue over the foreseeable future.
Meaning that in 3 years' time the company should be generating Revenue of $120m, at an EBIT margin of around 10%, so $12m EBIT (cf. $8.5m this year).
Assuming the balance sheet remains as prudently and conservatively geared as it has always been (essentially, free of net debt) then NPAT will be around $8.5m.
Applying a not-unreasonable exit P/E multiple between 13 and 14.0 times to that NPAT figure yields a theoretical market capitalisation value for SNL somewhere between $110m to $120m, or $2.70 to $2.80 per share by 2020.
That translates into capital appreciation of around 10%pa to 11%pa which, adding 5%pa in dividends, offers a total investment return of around 15%pa.
While this is not the most sexy investment outcome one can possibly envisage, given my sense of the low risks involved in achieving it, it is one that certainly has appeal to me.
Which is why I have been buying shares in SNL over past months (at least, trying to buy...the stock is notoriously illiquid) -
ShareMaybe this sheds some light on it ............................
He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
---
Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
---
Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
---
These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
- *Removed* this post has been removed from public view
-
Share
This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
- *Removed* this post has been removed from public view
-
ShareI get your drift joewolf.
The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
- *Removed* this post has been removed from public view
-
ShareAt this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.
CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
-
Sharere: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!
Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
-
ShareWhat a fascinating thread reading back 3 months!
Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
- *Removed* this post has been removed from public view
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 (20min delay)
|
|||||
|
Last
$37.05 |
Change
0.120(0.32%) |
Mkt cap ! $1.610B | |||
| Open | High | Low | Value | Volume |
| $36.45 | $37.05 | $36.45 | $2.125M | 57.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $37.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.05 | 3 | 1 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | 37.010 |
| 1 | 1352 | 37.000 |
| 1 | 121 | 36.810 |
| 1 | 192 | 36.790 |
| 1 | 192 | 36.750 |
| Price($) | Vol. | No. |
|---|---|---|
| 37.050 | 3 | 1 |
| 37.130 | 192 | 1 |
| 37.170 | 192 | 1 |
| 37.200 | 192 | 1 |
| 37.240 | 192 | 1 |
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
Featured News
| SNL (ASX) Chart |
The Watchlist
RML
RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
SPONSORED BY The Market Online