Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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some noteworthy features of the mcp result
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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....
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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
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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
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PROFIT AND LOSS ACCOUNT
By far the most striking aspect of the JH result was the Gross Profit Margin (GPM) of 50.4%, which is a massive 580 basis points higher than the prior corresponding period! This is the biggest rise recorded in the company's listed history (or in the decade that I have studied the company).
Clearly, the stronger A$ contributed to this phenomenon, but the last time the A$ appreciated by this sort of magnitude, between Jan 2006 and June 2008 (from 70c to 97c) the resulting GPM uplift was far more muted, going from 50.1% to 53.2%. In the past 12 months, with the A$ rising from just under 70c (it spent just a brief period at 65c) to a little over 90c, the GPM margin leapt from 44.6% to 50.4%. And this during a period where deflationary pressures are anecdotally ubiquitous. Either the exchange rate is a greater determinant on MCP's GPM than I had believed prior to this result, or MCP's scale grunt means it can command increasingly better distribution margins. I suspect it's a bit of both. Fact is, it will have been a source of material operating assumption upgrades in analyst models, I'll wager.
Offsetting the GPM sensation, was a very weak revenue number, down almost 4% on pcp. This, too, is unprecedented for MCP during its listed history.
(It srikes me as amusing that most analysts got the NPAT forecast - for what it's worth - just about right for MCP, but for the wrong reasons: their revenue assumptions were too high, but their GPM assumptions too low, two compensating errors helping them salvage professional credibility)
Other P&L Line items of note in relation to performance in the June half of 2010:
Expenses: very well managed with employee costs, rental expenses, cartage & freight costs, repairs & maintenance all relatively unchanged on JH09. Advertising/promotion costs were down $700k, but this was offset by a $1.0m increase in "Other" expenses. All-up, the sum of all expenses other than consumables & materials rose by less than 2%.
Interest Expense: down $1.0m to $3.7m on lower average debt of $77m (JH09 average debt = $114m)
Tax Rate: 29%, from 21% in JH09
EPS (pre restructuring charges): up 34%, to 16.9cps, from 12.6cps in JH09. So while, underlying EPS was up 9% for the full-year, this masks how strong JH2010 was in isolation. (In fact DH10 was actually down 5% on DH09)
BALANCE SHEET:
Inventories: finished the year at $64.3m, up 5% on the prior corresponding balance date. This is despite the 4% lower revenue recorded. The resulting Working Cap-to-Sales ratio has blown out to 24.5%, an all-time high (pcp = 22.9%). If the GPM performance was the most positive aspect of the result, this inventory build is the most negative point in an otherwise good quality result. The unfavourable trend in the Inventory-to-Sales ratio is a pressing issue in my mind, and something that I will monitor and raise when I get a chance to meet company officials:
JH04: 14.6%
JH05: 17.2%
JH06: 15.2%
JH07: 15.9%
JH08: 17.3%
JH09: 18.0%
Jh10: 19.6%
Not a healthy trend at all.
Borrowings: Consistent with prior years, no short-term borrowings. Non-current borrowings reduced impressively to $72m, from $83m @ 31 Dec 09 and $105m @ 30 June 2009. NIBD is $72m, down from $123m 18 months ago:
NIBD, DH08 = $122.8m
JH09 = $104.1m
DH09 = $81.1m
JH10 = $71.9m
NIBD is 1.5x EBITDA, down from 2.9x in pcp. My modelling has it falling - absent acquistions - to less than parity in DH2011. In a previous post on MCP I made the assertion that the business presents no organic growth prospects. This needs to be qualified by the balance sheet dynamic. Clearly, once MCP's balance sheet approaches a debt-free state, the board will be looking to embark on some form of acquisiton strategy (or it will sanction a return of capital). For the first time in years, either of these prospects will become the subject of conjecture for MCP within the foreseeable future (i.e., within the next 12 to 18 months). The last time MCP made a major acquisiton was in October 2004 when it acquired Multix for $70m, ($60m of which was cash). That deal took NIBD to $148m, and NIBD/EBITDA above 3 times. While I think the world has changed sufficiently after the GFC to suggest that no self-respecting board would countenance such a degree of indebtedness, MCP will in 12 months' time still have ample headroom to undertake a $25m to $30m sized acquisition (about 10% to 15% of the current company size, so it would have a reasonable earnings growth impact) without pushing the NIBD/EBITDA metrics beyond 1.5 times.
Retained Earnings: $72m, up from $67.6m @ 31 Dec 09, and $54m @ 30 June 09. Franking credit balance not disclosed, but will be higher than the $17.6m (24cps) recorded in the 2009 Annual Report.
CASH FLOW STATEMENT:
Net receipts = $27m, cf $31.5m in pcp, reflecting drag from the working capital build. OCF = $17.9m, almost 13x capex, and more than double the $7.2m dividend payments (corresponding to DPS of 10cps). Historically, OCF-to-capex has been > 5 times.
SEGMENTALS:
Revenue: Consumer Products revenue down 3.8% on pcp, Printing down 4.3%.
EBIT margins: Consumer Products recorded impressive performance of 16.3%, up from 11.2% in pcp. That's the GPM margin coming through again. Printing struggled (again!) with margin of 7% (pcp = 7.8%)
SUMMARY/CONCLUSION:
Besides the niggle of inventory build, this was a very high quality result that prompted me to revise upwards my assesement out the cash flow outlook for the companny.
Enough so to tip the stock into my BUY classification. I today bought a stake in the business and look forward to a long and fruitful period of shareholder value creation, commencing with the 10c rebate on my outlay to which I will become entitled, in a little over a week's time.
Prudent Investing
Cameron -
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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
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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.
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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
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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
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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
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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.
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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
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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
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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
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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.
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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
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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?
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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"...
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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
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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.......
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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.
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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
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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
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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.
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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
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.10M |
Open | High | Low | Value | Volume |
23.0¢ | 23.5¢ | 23.0¢ | $2.493M | 10.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.5¢ | 6329 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22 | 0.230 |
2 | 30444 | 0.225 |
3 | 26000 | 0.220 |
1 | 4760 | 0.210 |
5 | 50460 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 6329 | 1 |
0.240 | 160999 | 7 |
0.245 | 10000 | 1 |
0.250 | 16900 | 2 |
0.270 | 24085 | 3 |
Last trade - 14.34pm 18/06/2025 (20 minute delay) ? |
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