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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fox Marble Holdings Plc | LSE:FOX | London | Ordinary Share | GB00B7LGG306 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.35 | 1.30 | 1.40 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/2/2017 09:37 | czar, Clearly any positive is "good news", but this is risable really if you think about it. It's like they feel they have to put some news out, even if it's not confirmed. They seem to be inventing new definitions for an "order". | andy | |
01/2/2017 09:25 | wols, :-) I agree, this is laughable really, and no mention of margins, nor the state of "orders" on the order book from Banyan and Eboracum. Tom will be along to put some positive spin on it later. I wonder if he'll accuse us of lying again? ("fake news") | andy | |
01/2/2017 09:06 | This is good news. The fact that top end developers want Fox marble demonstrates the quality and desirability. Of course we need bigger deals but I'm confident they will come. Its a very big market and Fox have great product. | czar | |
01/2/2017 07:57 | He's just told everyone they hardly have any orders. Terrible RNS. | orinocor | |
01/2/2017 07:18 | "orders and specifications worth approximately EUR300,000" WTF is Chris releasing a "specification" for?? IMHO a specification is a bit like an invitation to tender. It's a statement of needs "Hey Chris we need about EUR 100,000 worth of marble". "Great I'll issue an RNS straight away". He also seems to admit that he's finally getting the meaning of the word order. Maybe he could RNS Specification Book, Order Book, and Purchase Order Book with timelines and genuine business obligations for the latter, which is what the rest of the world mean by Orders. | wolstencroft | |
27/1/2017 19:35 | rjmahan, They were able to supply polished marble because they had a toll finishing arrangement with a factory in Italy, that's how they have supplied their finished marble to date. That reduced their margins but enabled them to sell finished marble. So there was no limit, they have announced huge "orders", but only a small percentage of those "orders" to date have transitioned into actual sales. Your last question seems very pertinent! | andy | |
27/1/2017 15:05 | I thought potential to earn good returns was limited by state of factory. Still imagine if I want marble - I want marble - I dont want to buy blocks to be cut/ polished somewhere else with the attendant arguments if anything went wrong between who cut / polished it and who procured it. Then question becomes why dont people want to buy this marble ? | rjmahan | |
27/1/2017 07:33 | pugugly "An order (in all of my commercial life) creates an obligation to take and pay for the product ordered UNLESS covered by a side letter." Of course, and would I have sacked my salesperson for misconduct had they repeatedly announced "orders" in the way that Fox have? Absolutely. These "orders" had timelines attached to them that Fox also RNSed. rjmahan: AFAIK Chris has publicly stated that sales have not been limited because of a lack of ability to supply. | wolstencroft | |
26/1/2017 22:19 | rjmahan When was production "limited"? And why? | andy | |
26/1/2017 20:15 | Agree Pugugly - but production limited given no factory - when this is finally running things will change... | rjmahan | |
26/1/2017 19:16 | rjmahan:- Yes if they can do it I agree with your point BUT back calulating their overheads and production costs from their last accounts suggests to me as post above that they need to have gross revenue in the region of £8 million p/a to achieve (do you agree ?). If not what t/o do you suggest ? Exbroker:- For once I agree with you - last sentence. In respect of "order" definition I am afraid I must disagree - I suggest it would be more appropriate to call it "indication of possible target offtake" An order (in all of my commercial life) creates an obligation to take and pay for the product ordered UNLESS covered by a side letter. If such letters exist here then I would suggest there should be an obligation on the company to advise shareholders of this. If this has been made public knowledge in some of the previous documentaion issued by FOX I would be grateful if you could advise where. | pugugly | |
26/1/2017 18:18 | Disagree Exbroker - Fox might just hang in past this year and even next at these low levels all they need is positive / break even cashflow. If they do recover they will do far better than double.... | rjmahan | |
26/1/2017 12:23 | Agreed ex company director, CFO | wolstencroft | |
25/1/2017 21:17 | wolstencroft. YES I am an exbroker What are you an ex? Fox get call offs from the customer’s order when they want the stone, it’s the customer who decides when they want the stone not Fox, this will depend on the length of time for transportation and secondary finishing and fabrication at the site. By the end of the year Fox is either bust or the price has doubled. | exbroker | |
25/1/2017 17:54 | Czar: great. I look forward to some posts on the new customers that you want us to focus om. Who are they and what will they buy? It's tedious to watch the share price fall 30% but that's a loss people who read tedious posts here may have avoided. | wolstencroft | |
25/1/2017 17:51 | Are you really an ex broker? Company rns states massive orders from new companies a few days or weeks old which are only 10 or 20% filled by the time the stated order period expires. One is 3 months behind on required filings. Order book keeps on getting pushed into next Q. Company keeps rns'ing order book. Where is their responsibility to shareholders to say what is really happening re the order book? | wolstencroft | |
25/1/2017 17:50 | Has anyone done any calculations as to how much sales have to increase to reach cashflow break even. To start the ball rolling I would suggest in excess of 3000% of the sales reported in the interim accounts (£262K for 6 months) assuming these were finished product and not blocks used as part of the contra against the machinery and that cost of goods includes all finishing - If production expenses increase proportionally (imo possibly) more than 3,000% would be needed to give annual revenue in excess of say £8 million. Other views ? | pugugly | |
25/1/2017 13:02 | Let's focus on new customers and new sales, spending all this time and effort on the order book is getting a bit tedious. If no significant sales this year wait for a bid. | czar | |
25/1/2017 12:42 | Eboracum payed up front for the stone so I am not sure why corporate governance is relevant? if there was a bad debt I could understand the concern, I suspect that Eboracum may even still be in credit. I am also sure that Chris and the sales team have been working hard to find new customers around the world, the Illirico Bianco and Illirico Selene looks like it could be a big seller. I expect them to sell a lot this year, as it looks like another much more expensive Italian marble. India or China should be buyers of it. | exbroker | |
25/1/2017 10:46 | "Eboracum- Scott alive and back working so the call offs should resume at some stage but who knows when" Says it all really, from a company that made a massive order which was RNSed then filled just a small portion. IMHO: Where are the non-execs here and corporate goverance? | wolstencroft | |
25/1/2017 08:21 | I must get out there too. | czar | |
25/1/2017 08:06 | Andy: When I visited I saw two quarries, one of which was actively being worked but both had considerable quantities of marble blocks above ground all code marked and recorded to stock and presumably available for sale or processing through the new cutting line. I am not competent to comment on the different qualities that were held in blocks but I saw a few hundred blocks all of the sort of size shown in the video as being cut at the factory. As a guesstimate they have sufficient marble blocks to keep the factory busy for a good many months. | dhlindy1 | |
24/1/2017 22:14 | Andy I am sure that any sales will be cash up front or at least on FOB basis. Banyan who knows. Eboracum- Scott alive and back working so the call offs should resume at some stage but who knows when. Given the premium nature of the products I expect a few more announcements of high profile sales to prestigious developments in the months ahead. | exbroker | |
24/1/2017 18:17 | Exbroker, They don't need to worry about production, they need sales! When that happens I'm sure production will be possible,and surely they have some stock above ground waiting to be processed? And if they announce any more orders, people are wise tot he fact that they do not equate to sales directly now,so the market may well dismiss them. Have you any thoughts on Banyan and Eboracum? | andy | |
24/1/2017 14:36 | Hi glennborthwick I don’t expect a trading statement, I think the operational update covered things to the end of the year. The world is back to work after the New Year so I would hope for news of some sales soon. Quarries under lots of snow so no production at the moment. The second saw should be operating by now and the resin line must be nearly finished. | exbroker |
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