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% 11.125p 10.75p 11.50p 11.125p 11.125p 11.125p 98,982 07:42:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.8 -2.8 -2.0 - 20.14

Fox Marble Share Discussion Threads

Showing 2176 to 2198 of 2200 messages
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
DateSubjectAuthorDiscuss
12/12/2017
07:27
wolstencroft:> Very fair comment - Should be engraved at the head of every thread - We both have seen too many bubbles and subsequent falling knives !! Positive cash flow at the bottom line is one of the key criteria and not there yet nor possibly in the next year or so UNLESS processed sales can be ramped up- See latest brokers note.
pugugly
12/12/2017
07:22
"Andy is making all the classic private investor mistakes" LOL! We ALL know here that the classic PI mistakes include 1. Believing directors 2. Not doing proper due diligence 3. Not valuing a company on financial fundamentals including debt 4. Looking at dreams / promises / orders rather than actual cash sales 5. Not being able to value a company because you cannot access their cost base or sale price but investing anyway 6. Reading ""research"" reports, especially from the smaller houses or those which the company paid to write. 7. Ignoring red flags, such as orders that do not transpire from companies set up days previously by bar managers which go dormant, or believing the company's statements which are contrary to its customers' financial statements 8. Believing Tom W 9. Believing anyone on a BB 10. Ignoring profits or sales warnings 11. Believing that promises are simply delayed rather than failed
wolstencroft
11/12/2017
17:52
For devotees of the dark art of technical analysis or 'charting', the Fox price is at a critical point. Should it move through the present level on reasonable volume, then 16.5p should be easily attainable. In any event, the recent Beaufort write up and quite remarkable unsecured loan (especially given the relatively small shareholding of the director involved) both add substantial credibility to the strong buy case. Keep an eye on the chart!!
hector108
11/12/2017
14:02
And at what price? Roll the dice and your are still talking dilution if they raise equity one way or another. If they they have to go cap in hand to borrow from Peter to pay Paul it will not be at 5% I expect.
clocktower
11/12/2017
13:53
clocktower you base that statement on what??? The shareholders list looks like this and I am sure they would not want to be diluted. Dr Etrur Albani 20,026,754 11.1% Mr Christopher Gilbert 19,552,163 10.8% Mr Dominic RN Redfern 12,038,888 6.7% Miton Group Plc 12,055,555 6.7% Artemis Invt Man 9,722,222 5.4% Amati Global Investors 8,846,734 4.9% Also if the loan was to be repaid they would have the option of raising additional debt or equity.
exbroker
11/12/2017
13:35
And that would be a whitewash Exbroker
clocktower
11/12/2017
13:16
Connected party so would require a vote.
exbroker
11/12/2017
11:40
If the loan cannot be repaid for any reason, I expect the parties concerned could agree to convert it for stock at a huge discount to any current share price and dilute every other holder out of site.
clocktower
11/12/2017
10:48
rjmahan10 Dec '17 - 23:26 - 273 of 276 2 0 Moderate | Ban I suspect Andy might be talking the stock down so he can buy more.... ------- I suspect Andy won't be buying any because what actually constitutes an order here is opaque, and it is not clear whether orders by Banyan and Eboracum are still on the order book, or have been removed. I also suspect another reason for Andy not buying is the failure, this far, to secure any major orders of cut and polished marble, rather than the lower margin raw blocks. The lack of the key metric, margin, is the final reason Andy won't be buying. without this it's finger in the air investing, you need to know the numbers to understand what you're investing in...............
andy
11/12/2017
08:17
TW commented. Love him or hate him. Fox Marble (FOX) has announced that it has received an unsecured loan of £500,000 from Roy Harrison OBE, a non-executive director of the Company - The interest rate is a very reasonable 5% and the loan can - and will - be repaid within two years. The cash has already been spent on buying additional equipment in order to meet the increasing demand for the Company's marble products. Marble production is due to recommence once the quarries are operational again in March 2018, after the usual planned winter shutdown. We spoke to CEO Chris Gilbert and quite simply the company does not have capacity to meet an order book which is bulging and with increased repeat business growing rapidly. As such the risks to forecsats are now massively on the upside. When we first tipped this stock we talked of a company that could make an 8 figure Euro profit and pay out half of that in dividends. That will not happen in 2018 although Fox will be profitable but it is on the cards for 2019. The shares are now 10.5p-11.5p valuing Fox at just under £20 million. That is clearly far too low. The stance is upgraded to STRONG BUY at up to 15p - with a target of closer to 30p than 20p.
eekorehc
11/12/2017
07:47
Looks a buy Nice chart
nw99
11/12/2017
02:23
Andy is making all the classic private investor mistakes, he keeps trying to suggest that I am not an ex broker, this is totally irrelevant to an investment case or otherwise for Fox. He also won’t look at a research note dismissing it as biased. It happens to contain some opinions but a lot of facts, it is a good summary of current position and prospects. Maybe the clients of Beaufort are all fools who keep coming back and making the same mistakes, or they bought stock below 10p and are now on a profit. You say you read the RNS`s and then your comments suggest that you have ignored their content, again a standard private investor mistake, ignore anything that contradicts your opinion of a company. Small start-ups which is what Fox is change and develop over time and during that process the risk reward profile changes as events like sales and factory completion change the cash flow and earnings outlook. This is still a risky investment but less so than it was. A successful fund raise would reduce that risk further, judging by the comments by other posters on here it would be welcomed and supported.
exbroker
10/12/2017
23:26
I suspect Andy might be talking the stock down so he can buy more....
rjmahan
10/12/2017
21:17
discusser, Well if you don't care about this year, and next year that's fine then, nothing to worry about.
andy
10/12/2017
21:14
Exbroker10 Dec '17 - 16:22 - 269 of 270 1 0 (premium) Andy The link to the Beaufort note was posted on here, go and look for it. Why would I do that? You should know if you really are an ex broker, that such notes are written to generate trading in the stock concerned, for the benefit of the writers of said note! The loan was for capital equipment, do you not read any of the RNS`s? Errrr, yes I did read the RNS actually, and you can cut out the patronising comments, OK? Once again they need to raise funds because clearly they are not making sufficient to fund a modest capex from their own treasury!
andy
10/12/2017
17:16
Andy you are concentrating on the detail of right now, about which you ay be right, whereas I am looking at a long picture. I am confident that, apart from political risk if Trump does some stupid thing, Fox will eventually get to the point where their huge machines are making lots of slab and they will sell it. I don't really care whether they do that last year this year or next, or even 2019. My guess is they may even get to their bigger picture ambition of advising and part owning many more quarries in Kosovo. We'll see.
discusser
10/12/2017
16:22
Andy The link to the Beaufort note was posted on here, go and look for it. The loan was for capital equipment, do you not read any of the RNS`s? You can’t sell slab into India as the duty is too high that’s why they sell block. They sell slab to the local market and have sent a trial batch to the US. Over time as you will see from the note the percentage mix moved improves as for processed material is sold. You had your own formula for margins why not use it? At this stage Fox is about delivering the sales which they are starting to do and extracting the stone which they are spending money on to increase the amounts they extract.
exbroker
10/12/2017
14:06
Exbroker, No, they have conveniently sidestepped the point it's all about how much you extract, how much you can actually sell (as opposed to announcing an "order"), and what margin you receive over the costs of extraction and selling! To date that is negative as FOX is loss making, hence the requirement for the loan. Nobody sent me the Beaufort note, but the reason behind such notes is to generate interest and buying in the stock (when did you last see a sell broker note?) so therefore it will be written in a positive vein. The lack of sales of cut and polished is the real issue here, plenty of excuses for selling raw blocks, but CG hoisted himself by his own petard when in original presentations he went on about the importance of selling the finished product because the margins were so much higher! It seems the margins were relevant then because he mentioned them, but not now, according to you........ if they were making money they would not have to borrow they would have paid it out of treasury, would they not
andy
10/12/2017
07:39
Discusser,rjmahan, Pug and czar seem to have got the point. It’s not yet about margins ita about sales and extraction rates. I have been to the quarries and have seen from recent photos how much they have changed. Look at page 8 of the Beaufort note to see the customer and delivery profile, Andy`s favourite rant Eboracum is hardly relevant given the size of the other orders. It may be a bit out of date as we have seen the first shipment on the video to Marble Dino, who seemed to be by every roadside when I was in Kosovo. The director loan is significant in that it is to buy new kit for the quarries to expand production and not just to keep the lights on.
exbroker
09/12/2017
12:01
Agreed - my judgement is around the people involved and whether they seem honest, competent, and are on to a winner. Sometimes extremely competent or - as in this case - the product is a pretty safe bet and not that difficult to develop as marble has been known about for years and it's not even mining, more quarrying - though the political risks may be higher now that Trump is around.
discusser
09/12/2017
11:24
Discusser, Warren buffet does indeed say that. Do you think he casts his eye over the financials first though? Warren tends to buy large companies rather than small mining juniors, he likes them to be dominant in a sector where the barriers to entry are high, and then he leaves it for a long time. Coca Cola and American Express are two examples of his style. Any investment is a company such as FOX is pure speculation, IMO. And there's nothing wrong with that, you just have to recognise the risks, and apply proper money management.
andy
09/12/2017
10:43
Warren Buffet says once you've made up your mind to buy the company for good reasons, do so and forget about the share price and keep the shares for a long time. I have shares in three companies where a) I think they have a terrific product b) lots of people will want it c) a large corporation or extremely rich moneybags backer is linked up with them in some way. I don't have much knowledge of their margins and they are not yet profitable as far as i know, though two of them seem to be about breaking even. Maybe they are speculations rather than investments.
discusser
09/12/2017
09:47
rj, I don't "hate" the company, nor anyone in it! What a strange statement! This is a discussion board, fpr Fox Marble, and I'm expressing an honest opinion, and welcome lucid discussion and opposing views! I thought that was what discussion boards were for, maybe you disagree? "You dont need to know the value of profit or loss to invest." Excuse me? What investment book did that quote come from out of interest? Was it Written by Buffet or Graham? "This is high risk high return stuff.... If you dont like it try govt bonds." Are you qualified to give anyone financial advice out of interest? I certainly agree with you on one point, if you don't know, nor care, about whether one of your investments is making money or losing money, it certainly is "high risk"!
andy
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