||EPS - Basic
||Market Cap (m)
Fox Marble Share Discussion Threads
Showing 1551 to 1573 of 1575 messages
|Death by a thousand cuts.|
|From Companies House:
First statement date 21 October 2016
due by 4 November 2016
Not yet filed......why does that not come as a surprise?
They recently represented about 44% of the order book. (In Sept the order book was EUR 4.1M and Eboracum was EUR 1.8m of that.)|
|Correct. Sales, and not orders from start-ups formed just a few days previously. I know they are the past, Eboracum, Zhong, Banyan. But they are also about 80% of the order book...|
|More about knowing exactly which bits are fully working and which bits are still being tested and tweeked, they are getting there,just need some sales.|
|Less optimistic than you were!|
|All of the above I think!|
|Any news on factory ever being finished ? What was the timeline for it? What are the latest excuses ?Ex broker what is your view on it ever going into production ? No wonder Paul decided to devote his time elsewhere ! Are we going to blame brexit /trump win / R in the month or weather ?|
|All buys again.|
|This Stone Alliance deal is the turning point IMHO. It may take a while for the stale shareholders to come out but in a month or two this stock will make progress.|
|Looks like all buys so far today.|
|Its over 1 million of loan notes!!!!|
|A little over two weeks ago there were director changes at Fox:
"Dr Etrur Albani will be stepping down from the Board as Managing Director in order to focus on the operational activities of the Company. Dr Albani remains fully committed to Fox Marble and will continue supporting the Company in achieving its goals.
Dr Paul Jourdan will be retiring as a non-executive director due to increased demands on his time from his role at Amati Global Investors."
Quite how Dr Albani's efforts in setting up a competitor can be interpreted as focusing on operational activities at Fox is not entirely clear to me.
No doubt Paul Jourdan's time is being spent finding excuses for putting the savings of his Amati VCT investors (me included) into a company that has more red flags hanging off it than the Battlesip Potemkin.
I hope he has spent some time offloading the 8.8 million shares and 500k of loan notes he so unwisely accrued on our behalf.|
|I hate Windows 10|
|From what I know Fox will act as a sort of joint venture partner to start with. They have a factory and people on the ground and all the connections with the Governments of both Kosovo and the US.
The US did a very extensive geological survey after the war, Fox cherry picked the sites they wanted most. They will benefit from the infrastructure that gets put in place as well as payments in the early days. If they do create the 2000 jobs they say in 5 years that will be a major boost to the area.
I would expect the SA funds to be at least half debt given the likely cash flow characteristics of the business going forward, i.e. capital intensive at the start then strongly cash generative as the quarries come on stream and the through put on the factories raises.
Short term it would be nice to see more sales from Fox, they have a number of exciting leads its turning them into cash that seems to take the time|
|Current ownership of SA is 59% Fox, 1% Andrew Allner, 10% Etrur Albani and potential 3% Chris, so 73% already allocated, 27% free.
'free': Surely allocated to other 'advisors' and 'consultants'
I think as others have said here 100m means massive dilution. Surely we've all invested in gold mienrs and seen our shareholding reduced to nothing - e.g. a 10m company become a 100m company through a halving in the shareprice and 95m of fund raising?|
|Why on earth aren't they updating on getting the factory finished. If I was a holder that must be key to get better margin not chasing these pie in the sky deals. Get the stuff out. Get proper orders and make margin|
|Valid points above but I don't think any of us can guess how things will work out at this stage because we simply don't have enough informtion.
I don't think they're going for €100m all in one go are they, it sounded from Chris's phone ramble as though they would raise 'at least' 100m but that it would be in phases as required over a couple of years with a view to having all the quarries in production within 5 years, cash revenues kicking in as they progress.
Current ownership of SA is 59% Fox, 1% Andrew Allner, 10% Etrur Albani and potential 3% Chris, so 73% already allocated, 27% free.
How they value that, how they carve it up and how potential shareholders perceive it remains to be seen. I'm sure we'll be the last to know.
Fox could do well, it could get cash or it could own something of disproportionate value to itself or both. It could also piggyback off SA's sales and marketing efforts, which will importantly have government backing, to improve its own core sales but then conflict of interest creeps in. But it could also be a damp squib as SA seems to be relying on Fox's knowledge, management, marketing and sales experience and to date that has not been too obvious....the difference now being government involvement particularly the US on the sales side.
For that reason I think we should get some good news for Fox soon because it will look pretty stupid as the driving force for the new venture if it can't even get its own baby off the ground on time. It might also need cash if it wants to maintain its stake in AS, depending how they value it and what investors are prepared to pay, again we just don't know yet.
So too many unknowns at the moment, still a punt but with more exciting potential prospects than it had a week ago imo.|
Not disproportionate from CG's pov, of course.....
If new investors put in E100m for a 50% stake, they are effectively valuing Stone Alliance in its current form at E100m, and FOX's 59% share at E59m. Since FOX's market cap is just £17m, this seems improbable.
Let's be (ridiculously?) generous and value a cashless Stone Alliance at E10m. Then FOX end up with 5.4% post fund-raising.
Don't forget that Chris Gilbert stands to get a 3% shareholding in Stone Alliance, if it is successful. Rather disproportionate in view of FOX's likely ownership post fund-raising, I would suggest.|
|Efortless, I can't make any reliable guess as to how much of the Stone Alliance equity will be offered in the fundraising, but it certainly won't be the 99+% you seem to expect. If (to make a guess) the offer is for a 50% share, then Fox's share of the company will be reduced to 25%, assuming they don't put up any money themselves.
I am virtually certain that Fox will not be putting in any money: they are not too flush themselves. Fox's stake in Stone Alliance and that of the other current shareholder, reflects the value of the work they put in to setting up SA, and not the cash they put in. Compare this with any flotation: you will find that the expected capitalisation of the company post flotation values the original holders equity at a high multiple of the companies net asset value prior to flotation.
However, given the history and the locality, there is a big credibility gap. I hold and hope. If this comes off, the shares are way undervalued, but that is a big 'if'.|
You're talking nonsense. Fox own 59% of Stone Alliance, Stone Alliance need to raise E100m. That means that Fox either contribute their share (E59m), which they clearly can't, or get diluted if they pay less. Their ownership will be negligible if they contribute nothing to the fundraising.|
|Surely Fox will need to raise its part if it is to retain 59% ownership? Unless its all through debt which I doubt.|
|Its not Fox that is raising the funding, so no dilution, only benefits, well at least for 3 years.|