Fox Marble Share Discussion Threads

[wolstencroft] 05/2/2017 09:52

Cash burn is at least EUR 2.5m per annum I think.

They'll be out of cash in a couple of months I think at this rate. Unless perhaps their bank manager is seemingly as gullible as I think Tom is being here and believes everything Chris says....and doesn't bother checking to see if companies house are about to close down one of their biggest customers....

GLTA, including Tom. I can;t understand how his cynicism elsewhere is not also manifested here but maybe he's right on this one!

[glennborthwick] 03/2/2017 15:26

I just don't see this getting through to break even. They only had 1.1 million euros of cash left end of November of which 300k was an advance on orders.


Cash burn must be 1 million a year Id have thought which means they must have to sell 4 million to get anywhere near break even. Just can't see it especially if the factory still isn't fully operational.

At most sales this year might be 2 million even looking with generosity. If ebor and banyan orders are the bulk of the order book there must be real trouble.

They must be through that cash pile by the summer I reckon.

[glennborthwick] 03/2/2017 15:15

important to remember the sivec stuff included in the sales above they have to pay 40% commission to the maltese company who own the quarry it comes from - they don't own that one.

[juleshoddy] 02/2/2017 17:47

he's got commentment issues.

[exbroker] 02/2/2017 16:39

I have no comment on your comment about my no comment!!

[wolstencroft] 02/2/2017 15:57

Making a comment that you can't comment is making a comment that you shouldn't have made

[exbroker] 02/2/2017 15:55

Exbroker would love to comment but I cant at the moment.

[haroldthegreat] 02/2/2017 11:11

Andy you are wrong saying that nobody makes money out of aim stocks !!!!! The companies putting on presentations by aim companies and charging many thousands of pounds to do so are making money out of aim shares !when they cram extra companies into a presentation forcing people to endure another 30 minutes per presentation they are making even more money on aim shares. One has to make a decision whether to waste time going to a presentation or watch the video.if there are 5 rubbish companies and one you are interested in is it worth say 3 hours travelling plus 3hours presentation time to hear one 30 minute presentation you are interested in.

[haroldthegreat] 02/2/2017 10:55

Uncle john since when did boots lend out books? Have they set up a new operation in the UK? Or has a visit to the barber post hair washing reduced your Brain power like Samson ? Can we assume you will RNs that you had orders from somebody to wash your hair and get a haircut ? Followed by an update that your brainpower has been reduced and you now cannot tell the difference between a branch of boots and a library ?at least your post provides an alternative area to comment on rather than fox RNs. On a more serious note perhaps ex broker might like to comment on these mind blowing orders ! Unfortunately I was taken in , like Andy, with the original presentations.perhaps this is why Paul decided to leave the board.what has he done with amati investments ?

[wolstencroft] 02/2/2017 09:58

well said Andy

UJ, you have hair??

I am here because of what I see as Tom's arrogance and I really did some original investigation into Banyan and Eboracum.

All the investors will know of course than Banyan seem to be a one-man band.

[andy] 02/2/2017 09:27

UJ,

We are just posting for balance here. I expected more from Chris G too, I remember his first presentation in 2012, it looked a real winner at that time, it's hard to believe the factory that was "a few months away from completion" is only now being completed.


I spoke to someone that went to Islington and he said it was eerily quiet, or words to that effect.

I think the problem is that nobody is making money investing in AIM stocks (in general) and there's no excitement any more. Constant dilution erodes shareholder value, and that means long term investors cannot win, in most cases, only traders and forward selling flippers.

Do you remember the old Proactive days when people were discussing their trades and gains made? there was a real buzz in those days, but they are long gone now.

I think the AIM has turned into an investor fleecing market, many are simply lifestyle vehicles and the savvy have realised that and are refusing to fund them any more.

The shameless ramping and promotion doesn't help, new people are wiped out quickly and leave the market, so I guess you end up with an empty conference hall in the end, which is what has transpired.

Washing your hair was probably the better choice!

[pugugly] 01/2/2017 22:18

wolsencroft:- I think a 70% is probably - as you suggest rather on the high side. Some useful igures on the size of the market - selling prices of finished margin per ton and sales (largely from Italy but from 2015

Stone Sector 2015, the international market of natural stone thu 16 JULY 2015

[uncle john] 01/2/2017 22:12

Hi Wols & Andy
i admire the way you stick at this company, i expected better from Chris G. I am glad I am out and was not tempted back in.

Off topic
Did you go to Islington for the Cenkos day yesterday? I was busy (washing my hair and changing my books at the Boots Lending Library)
j

[wolstencroft] 01/2/2017 22:06

Operative loss on sales of EUR 250k is about EUR 2.5M
Admin costs are about EUR 2.5M a year

Say margin is 70% (really high I think when they have paid for all costs of sales, taxes, agent fees, whatever), so for every EUR 1 of marble sold they keep 70c

They need so sell EUR 300k a month on this basis as an ABSOLUTE MINIMUM say EUR 3.6M per annum.

If the actual margin is 50% they need to sell EUR 5M per annum.

Sell, not specify or receive orders for.

I reckon a placing might be coming and overall it's touch and go for the company.

Good luck to them.

[pugugly] 01/2/2017 22:04

glennborthwick: I had a stab at it in my post PUGUGLY - 26 Jan 2017 - 19:16:24 - 1520 of 1541 - and cam to a guesstimate that they needed a gross revenue of some £8 million based on the figures in the interim accounts BUT it is only a guess - If they can significantly increase the operating margin through a mixture of overheads and production costs then the sales needed could be significantly lessbut I cannot see it being as low as several millions - depending on a definition of several -

[glennborthwick] 01/2/2017 19:46

I don't wish any holders any bad will but how much do they have to sell to break even. It has to be several million at decent margin given the costs involved.

the year end has finished so I guess April everybody will know more, especially how much cash from the last placing they have gone through

[glennborthwick] 01/2/2017 19:40

I'm thinking of filling up the car with petrol at the shell garage in fact I am specifying that I am going to buy it. Rns that bigboy.

[wolstencroft] 01/2/2017 18:23

I hear Shell have RNS'ed that they've just sold some oil and John Lewis have announced that someone is thinking of buying a sofa.

[andy] 01/2/2017 14:39

Effortless,

Exactly!

[effortless cool] 01/2/2017 13:54

What's to mention - they sold some marble - that's supposed to be their business!

No need to RNS it.

Unless that is all they have sold, in which case this is a profit warning in disguise.

[exbroker] 01/2/2017 13:35

Funny how you don’t mention the marble that was shipped to Sydney.
The Rosso Cait was for the swimming pool apparently.

[andy] 01/2/2017 11:47

Wols,

Neither do I, he didn't mention any poster(s) specifically, but this is the only thread I know of carrying criticism of FOX, and he was addressing the concerns we raised here.

[wolstencroft] 01/2/2017 11:11

"Fox, the specialist marble company announces today that the phone rang twice in its offices. Once call was from a kitchen installer in Fulham who is hoping to do a kitchen makeover in one of the most expensive houses in the road and wanted to know what the marble looked like. This has been recorded as a specification. The other wanted a minicab to take someone's mum to her dental appointment in Hackney and according to Fox's strict revenue recognition policy will not be registering this as an order until she's paid up.

Chris says that it's encouraging that the phone has rung as a company like Fox relies on having customers and unlike Eboracum because they didn't seemingly copy someone else's website people can find their phone number, which just goes to show they're above board and everything. Tom W added that he's sick of all this fake news and it's amazing how a couple of guys on a bulletin board can simply report verifiable truth with a bit of humour thrown in which causes the share price etc etc hence it's a buy at these levels

The official administrator at Jigsaw Leisure added 'I'm pleased that Fox answered the phone as they might be able to help me to get in contact with Scott Oldfield about the missing monies from one of one of his previous companies'

(Parody of course, except there is some truth in the last sentence as they did email me thanking me for the info about Scott and Fox)

I wish this company the best and I appreciate the jobs they have created but I really think their advisors should tell them to stick to talking about real, genuine legally enforceable orders. I don't like Tom implying that I'm peddling fake news, if he is, but I don't know else wrote to him about Eboracum except me and he didn't reply to my email.

[andy] 01/2/2017 10:51

Wols,

LOL!

[wolstencroft] 01/2/2017 10:49

I hope it doesn't get to Chris RNSing that the phone rang earlier with someone asking if they sell marble.