Share Name Share Symbol Market Type Share ISIN Share Description
Fox Marble 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
  +0.00p +0.00% 8.625p 8.25p 9.00p 8.625p 8.625p 8.625p 11,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.2 -3.4 -2.0 - 18.79

Fox Marble Share Discussion Threads

Showing 2351 to 2375 of 2375 messages
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DateSubjectAuthorDiscuss
14/10/2018
08:00
I agree czar, the most important thing for now is to demonstrate profitability on the p&l. This will bring in new money imo.
nitbhav06
13/10/2018
12:32
I reckon this little company is about to take off, 2 years later than I thought but the sudden interest and the deals struck look good for the future. The world marble market has clearly taken longer to access and the factory has taken longer to bring into production but the Company looks in the best shape it has ever been in and this is a great entry price imho. I'm topping up and looking forward to developments over the next few years, this could be a really good multi bagger.
czar
13/10/2018
09:18
The Prilep quarry is controlled by a local partner who has appointed Fox Marble to operate the quarry on its behalf. Fox Marble will receive 25% of the gross revenue from the sale of all block marble from this quarry, without having to fund the cost of equipping or having to invest in the reopening of the quarry, which has produced white Sivec in the past. Fox Marble will be responsible for the costs associated with extracting the marble from the quarry. Once Fox Marble's production plant is operational, the Company intends to cut and polish the blocks at this facility. https://www.investegate.co.uk/fox-marble-holdings--fox-/rns/acquisition-of-additional-quarry-rights/201307040700075616I/
effortless cool
13/10/2018
08:43
Imo we will see serious upside next year once all the machinery is fully mobilised. We don't rely on Italy whatsoever now so this will reduce cost and increase margins. Our output should increase significantly and revenue will see serious uplift due to product mix (slabs and tiles). If China demand keeps increasing (which I am confident it will) then that's another catalyst for growth as is middle east. Marble market is expected to grow from $52bn to $65bn to 2025. If we were to capture even half a percent, that would equate to revenues of around $350m which is attainable in my view. If PAT is around $100m and pe ratio is 10. That suggests a $1bn market cap. Giving us a share price of around £5 (66x current market cap). It's worth the risk imo. The above doesn't include stone alliance. The potential is clear and I'd rather be in then sitting on the bench waiting.
nitbhav06
12/10/2018
22:25
Dozey3, 40% of what amount of money?
andy
12/10/2018
22:11
Wasn’t the royalty 40%? Which now will not be payable, having been bought out. Seems clear to me, but then my view like Notbhav06 is over the longer term. Success cannot be assured but progress is being made and perpetual negativity from some on this board tends to obscure it.
dozey3
12/10/2018
18:09
Notbhav06, "Fox is a long play" Well we certainly agree there, 6 years and counting so far! What I would have liked to have seen is the financial justification for the deal, I.E what royalties have FOX actually being paying? and what it means moving forward in real money terms. Sadly, as usual, that information was missing.
andy
12/10/2018
17:57
Andy we will see more upside in revenue and profit as our product mix will be slabs and tiles. With 100% ownership in the Macedonian quary we will keep 100% of the gross revenue. Be patient as the upside will show in the next few years. Fox is a long play. Good luck.
nitbhav06
12/10/2018
10:02
hector, Well financials have just been published,and FOX continues to lose money, albeit at a slightly slower rate, so it's hard to see where the "good news" is coming from to drive the price forward. Fox has previously announced orders to companies such as Banyan and Eboracum that have not resulted in actual sales, as how FOX defines and 'order' seems at odds with how other companies define an order. And they are still not selling much finished product, recent orders are for low margin blocks to India and Turkey. I do not see how a chart can "anticipate good news" unless that news is already known and insiders are buying as a result.
andy
11/10/2018
18:21
That is the total mystery of 'charting' - it does seem to anticipate good or bad news to come. The patterns do fail on occasions when companies do not deliver but I have sneaky feeling that this one will work out.
hector108
11/10/2018
18:12
hector, But surely the company has to perform for your chart theory to work? I am totally baffled why the price has risen today on a news release devoid of financial detail on a deal done with a loan note.
andy
11/10/2018
17:34
Have a good look at the chart. If that is not the base of a 'triple bottom' having been worked out over the last 2 years, then I will give up technical analysis. I tried to buy in volume today and simply could not. The implications of this sort of chart pattern are very positive indeed.
hector108
11/10/2018
13:55
htg - Yes - mind was not properly engaged this morning - not enough coffee.
pugugly
11/10/2018
13:24
Do you mean ex broker ?
haroldthegreat
11/10/2018
11:19
Someone buying in largest slugs (imo) available and pushing up the offer. Old Broker?
pugugly
11/10/2018
08:28
Once again they look tapped out financially, and now have another loan note to add to the pile. I notice they didn't say how much the 40% royalty was costing them PA! Without that information shareholders can't assess the deal.
andy
11/10/2018
07:52
More dilution but looks like good for the bottom line with 40% royalty recovered but again conversion could be extra dilutive subject to the then share pricce - which imo will largely depend on the success or otherwise of increasing penetration of the polished/finished product market https://www.investegate.co.uk/fox-marble-holdings--fox-/rns/acquisition-of-gulf-marble-investments-limited/201810110700056602D/ "As consideration for the acquisition Fox Marble has issued an Unsecured Convertible Loan Note ("Loan Note") in the amount of €1.785 million. Under the terms of the Loan Note, the holder may elect to convert at a conversion price of 130% of the 3 month volume weighted average share price. The Loan Note is repayable from the 1 October 2020. The Loan Note carries an interest rate of Libor plus 1.5% payable annually in arrears." Interest rate looks very reaonable but trust that CG has made provision in the Deed for the Libor replacement if the Loan note is still outstanding at the end of 2021 https://www.bakerdonelson.com/libor-phaseout-what-happened-and-whats-next
pugugly
07/10/2018
22:59
I see Eboracum Marble is still active! EBORACUM MARBLE LTD (09837366) Company status Active
andy
04/10/2018
10:56
Wols, Good to see you're still around, and yes I wonder if they're still carrying orders from Banyan, Eboracum, et al on their books? I wonder if Scott has recovered from his illness yet?
andy
04/10/2018
10:54
Pug, Exactly! In his first ever presentation. CG said that block was low margin and they would move to selling polished as soon as they could, yet they are still selling block, and there's always an excuse given, "taxes" for India, logistics for Turkey! Shareprophets has just given it a "buy" rating, as usual! You have to wonder how bad the results would have to be for Shareprophets to call it a sell?
andy
04/10/2018
09:25
Block not finished product - Low margin stuff - OK building sales of finished is a slow hard path BUT is essential if this coy is ever to deliver on the IPO promise.
pugugly
04/10/2018
09:04
More money needed....strange given the level of orders.... I just went through the list of RNSs and news releases. They have announced "orders or "sales" to at least the following: Banyan, Karailas, Eboracum, Zhong, St George, Mahadev, Simskeler, OM India,Pisani, Marble Dino, the USA and Saudi These total by my estimation to end 2018 circa EUR 18.4M (Fox have deleted some RNSs from their website - which is perfectly legal after one year, though of course they have not deleted all of them older than one year!!) so I have had to use news release from other sources). Though sales to date since 2013 to 2018 H1 are only circa EUR 3.0M. Odd.
wolstencroft
30/9/2018
08:24
Good read. https://www.forbesmiddleeast.com/en/huge-middle-east-urban-infrastructure-growth-makes-dubai-focus-of-global-stone-industry/
nitbhav06
26/9/2018
14:56
phowdo26 Sep '18 - 10:33 - 466 of 470Moderate | Ban 0 0 0 Looks like another placing may be needed in the not too distant future... ------- I think they gave the September cash in hand figure to try and dispel those thoughts. I wonder what superlatives Tom and share price will use for half year sales of Euro 600K?
andy
26/9/2018
13:06
Comment from share price Angel :- "Conclusion: It is good to see increasing number of customers and orders as well as stronger output at Fox Marble production facilities; although, interim results highlight the Company continues to struggle financially. " Think I concur.
podgyted
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