Fox Marble Share Discussion Threads

[haroldthegreat] 03/8/2017 10:26

The share price continues to decline ,as in previous years. A RNs stating at least they are polishing and completing the product themselves would help. The problem there is that they stated the holy grail was the high profit to be made at that point.if the reality is different the price will collapse further.

[exbroker] 03/8/2017 10:08

And if it is?

[haroldthegreat] 03/8/2017 09:56

Such sarcasm!

[wolstencroft] 03/8/2017 09:21

come on Harold we all know that 2017 is going be the transformational year when they finish the factory and complete millions in orders from their order book, just like, er 2014, 2015 and 2016.

[haroldthegreat] 02/8/2017 20:39

When are we going to get hard sales figures (not order figures)to India and China just to show how wrong all the cynics are ? Have they released production figures of polished finished product from our own factory yet ?

[wolstencroft] 02/8/2017 16:00

Ha Exbroker. Do you think any new buyer of marble will not know about Eboracum, Zhong, Banyan, Pisani - the litany of failed "orders" that make the order book look so healthy. Will they trust a management team was was supposed to build a factory in about 6 months and took 3 1/2 years and seemingly can't much sell marble to anyone but companies set up days previously or subsequently go bust?

[exbroker] 02/8/2017 15:37

Yawn... it’s about sales in India and China not a small distributer in Northern England.

[andy] 02/8/2017 14:13

Wols,

At least they're consistent!

Scott's probably 'ill' starting up another company!

[wolstencroft] 01/8/2017 10:44

Eboracum's accounts are overdue. yawn......

[andy] 17/7/2017 09:39

Wols,

I think the SB companies have changed their MO, and won't allow shorts on the most obvious companies.

I tried Watchstone at 180p, and "no borrow available"?

Fox looks way overpriced but there's a limited gain from where it is.

[wolstencroft] 17/7/2017 08:06

I couldn't short Fox either, but this was some time ago.

[andy] 17/7/2017 00:03

Dudishes,

G'day!

BF?

I agree, people do seem to take action when they know Tom is in Greece for example, which is a bit naughty. If they are so sure of their case, then do it when he's in blighty, and can respond.


Well done for funding a successful case, share price does some good work, especially in respect of people like Darren Winters, and some AIM companies that are run, shall we say, less than prudently!


I see Tom has mentioned Fox favourably twice in a week now, but he can't get traction because of the uncertainty over what constitutes an order, the size of the order book, and order margins, IMO.

I tried to place a few shorts recently, on a few select companies, all a decent market cap (not FOX), and in every case they wouldn't take the bet, "no available borrow"!

All of them are down since! It's getting tough to spreadbet short.

[dudishes] 16/7/2017 18:52

G'day Andy, think for once (maybe), BF's 277,777 @ 0.9p), TW and other holders have been shafted by the bucket shop! A sort of "kick in teeth" for Tom?

One wonders whether Tom has taken his eye off the ball?

Or is it the case that Tom, being an honest chap, announces his whereabouts 24/7. Opponents seem to take action when Tom has limited access to comms. Certainly an issue for him, entertainment for some of us.

BTW: I am a member of share price and have funded them (for a successful case).

PS: Tried to short FOX around the 10p mark, no takers.

[andy] 12/7/2017 13:54

Exbroker,

In the first ever public presentation in 2012, CG said margins on cut and polished marble were significant and where the real money was. He said margins on cut blocks are low.


So either he was misleading us then, or there is a large difference in profit between the two, and I suspect the latter personally.



"I guess that given the sales numbers have been reduced that there is nothing in them for Eboracum, or Banyan."

You "guess"?

You are clearly close to the company, by your own admission, so I would expect you to know. How can you hold a large investment in this company and not know the state of the order book?


And if they RNS an "order" (FOX's definition, not mine!), surely they should also RNS a cancellation of that same "order"?

[exbroker] 12/7/2017 11:00

Andy
Lower margin not low margin. The Turkey order is for a big building contractor who have their own cutting and processing factory. India is about tariffs.
I guess that given the sales numbers have been reduced that there is nothing in them for Eboracum, or Banyan. Once the factory is fully running then they can sell slab and tiles into the local as well as export markets.

[andy] 12/7/2017 10:37

paleje,

I wouldn't disagree with any of that.

It wouldn't surprise me if a placing were to occur fairly soon either, on AIM there's always another placing!

[paleje] 12/7/2017 10:34

Andy, Beaufort have probably already forward sold those last week, the warrants are in for free whether they get exercised or not Beaufort won't care. They're a bucket shop, there when you need 'em, like payday loans:)

I agree their 'clients' must get burned fingers sometimes but they try to engineer things so that they can flip and long term holders take the strain and pain, as I'm sure you know. Red flag for me.

[pugugly] 12/7/2017 10:33

andy:- IMO message received Short of cash - fundraising on the way - Only for gamblers at the moment- (imo) On watch list for a long time but cannot see any major reason to buy and virtually impossible to short.

[andy] 12/7/2017 10:04

palaje,

Well it normally means they are looking for new investors, so by having a joint broker (rather than simply cutting the other broker) the new broker puts his clients into the stock, and in this case the old broker is still retained, so won't take his clients out of the stock.

Beaufort is becoming the broker of last resort for the AIM market, IMO, but how much longer can they keep putting clients into stocks that are not performing, or worse?

The payment in shares rather than cash is a bit strange, it's not much in the grand scheme of things, why not pay the fee in the normal way?

[paleje] 12/7/2017 09:50

Joint broker usually means one thing...but Beaufort!

[andy] 10/7/2017 17:56

Exbroker,

But the Turkish order was for block, and the Indian order for block, which are low margin.

When will they have a higher margin order?

Do you think they are still carrying orders for Eboracum, Banyan, and the Chinese on their quoted order book?

[exbroker] 10/7/2017 17:53

Andy
As I have said before there is a high tariff on block imports to India. When the factory resin line is working which should be soon they can process block to slab and then tiles which will help margins and cash flows.

[andy] 06/7/2017 21:38

No surprise here, just the late arrival of the latest "buy" note!





Once again an order for block marble (rather than cut and polished with higher margins) is mentioned!

[andy] 05/7/2017 13:09

harold,

But that was his choice to invest, that doesn't mean he has to spin news around to appear good when it actually isn't that good, or bad even.

Sometimes it's better to hold your hands up and admit things aren't as good as you had hoped, that way people respect you for it, IMO.

[effortless cool] 05/7/2017 12:49

So am I, my daughters tell me.