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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/8/2017 08:39 | samples sent; | glennborthwick | |
10/8/2017 08:37 | ...behind a fish wholesaler. Thought something smelt fishy... | phowdo | |
10/8/2017 08:37 | It looks like they trade through a company called Royal Stone Inc. Pristine Stone could be a company set up for the purposes of doing this deal or a holding company. See link below. hxxps://www.importge | talygarn tom | |
10/8/2017 08:36 | probably this guy | glennborthwick | |
10/8/2017 08:35 | Pristine Stone will be granted priority rights to sell Fox Marble material in the United States ! What does this mean ? At least it is not sole rights which would be a disaster.does it mean the factory is up and running efficiently which would have been a more significant RNs .why is the company giving 5%to fox ?I would not give 5% of my company to a supplier. If they had a good product I would give them orders and if they were substantial demand a larger discount.very strange but perhaps I'm out of touch. Over to you ex broker for an explanation. | haroldthegreat | |
10/8/2017 08:29 | I expect there a few amateur sleuths out there trying to find out if Pristine Stone LLC is kosher. Frank Kaloshi is listed on the Fox web site as their US distribution partner. Google Earth puts his address, 8 Oak Street, Clifton, NJ, in a seemingly disused lot behind a fish wholesaler. His email is frank@royalstonework | caradog | |
10/8/2017 07:59 | US sales were one of CG's objectives and this mou looks like a step in that direction. Not sure why the smoke and mirrors stuff is necessary, ie Fox taking a gratis share in Pristine and Pristine getting 3 yr warrants in FOX at 2p over market price...what's all that dressing up for? What's wrong with a plain agreement preferably kicking off with an order? Sounds like the sort of stuff Beaufort like to see written in when they're selling to their clients. Might just be my scepticism. | paleje | |
10/8/2017 03:51 | talygarn, The problem FOX have is the lack of sales, and even now we are not sure if the factory is 100% finished. The "order book" is not like any order book I have ever seen, where companies place "orders" which are RNS'd but then these are not delivered into, yet seem to stay on the books, and the non completed orders are never RNS'd! | andy | |
09/8/2017 17:21 | As you may have seen Fox Marble lost a legal action in June with regards to the rights to the name Sivec to describe their marble. The company that took the action, MERMEREN KOMBINAT A.D, is based in Macedonia. It is a very similar but larger and more established business than Fox Marble. However, IMO is does serve as a good guide to the potential for the company in the short to medium term. From what I can see Mermeren Kombinat AD is currently in the process of being sold for €73m. Fox Marbles market cap is currently £12.91m A closer inspection of the accounts for 2016 shows profit before tax of €3,946,602 on sales of €16,638,331. The accounts and overview of the business can be found here: hxxp://www.mermeren. Hope this helps understand the potential path this business could take. | talygarn tom | |
08/8/2017 17:43 | Harold, Exactly! :-) | andy | |
08/8/2017 17:39 | dhlindy1 Makes sense, there is a picture of a cut block on the website, and I found this which I think is new. "The factory is being completed in stages under the supervision of Italian specialists. The first of the vast gangsaws which cut stone blocks into slabs are now operating whilst both the slab polishing line and the epoxy resin line are nearing completion. Once the company is satisfied that production standards match the best Italy can manage it will install its tile and cut to size processing lines and landscape the factory site. With the factory complete the Company focus will be on consolidation and growth. The company has already stepped up its world-wide marketing and sales drive. Upgrading this website is part of that process. Prestigious and lucrative orders have been announced over the last two years and more are in the pipeline. The future is looking good." As you have been to the factory you will know how big the saws are and how tight a tolerance they need to work to, slabs with a ridge in them don’t sell well! | exbroker | |
08/8/2017 09:42 | I think you may well be correct. When I visited late last year the finishing line was still to be assembled but the guy at the factory did say that post cutting the polishing and finishing processes were skilled operations and that they would need to have trained operators for this. | dhlindy1 | |
08/8/2017 07:19 | Andy couldn't you sleep worrying about fox ? Its not worth losing sleep over it ! | haroldthegreat | |
08/8/2017 01:12 | Discusser, Could be, my theory is they simply don't have the orders. Exbroker, I find it hard to believe the MM's built up a holding of 1 million FOX shares, they mitigate risk by minimising holdings. A cross between brokers would be the more likely IMO. | andy | |
07/8/2017 22:41 | Here's a theory: they've commissioned the machinery, and now realise that it is not quite as easy as they thought to use it: so it's into trial-and-error training, before they can at last say they have a working factory - whenever they get that far. Make sense? DYOR | discusser | |
04/8/2017 12:30 | Andy Sometimes positions build up on a book, the MM`s make prices on the RSP system and it’s easy to be long or short quickly if you are not on top of a situation. Some MM`s will have a position in a stock if they think it is going up or down. Having looked at the prints from yesterday the other explanation is that it was a stock movement between brokers and not the market. We shall see if we get a holding in company soon. | exbroker | |
04/8/2017 11:28 | exbroker, Why would a market maker be holding 1 million FOX shares? They normally don't hold large positions to eliminate their own risk, why would they make an exception here? | andy | |
04/8/2017 11:25 | E. D. In this case it looks like the seller was a market maker, the trade was reported on the LSE and Plus markets at the same price, hence if there was stock in the market there is less of it now = Better for share price! | exbroker | |
03/8/2017 18:02 | Just over 1/2% so question is "will it trigger a holdings rns" so show who has the marbles !! | pugugly | |
03/8/2017 17:09 | In which case, a seller (or sellers) has also sold one million. So what? | expletive deleted | |
03/8/2017 16:31 | Looks like a buyer has bought 1 million at 8. | exbroker | |
03/8/2017 11:33 | I think we must be close to the factory working, the cutting and polishing bits work so I assume they are working on the resin part. I would also assume that they are cutting block into slab ready to be resined. The currency helps them as marble is sold in dollars or euros, as you say the UK is a smaller market. It looks from the sales announced that they are concentrating on India and the local markets in the Balkans. | exbroker | |
03/8/2017 11:06 | They will have to find another market than the UK (imo) for finished product - Brexit worries and increased Stpmp Duty on high value properties has and will continue to have a negative influence on new top end developments PLUS the fall in the value of sterling against the € will reduce Fox's net margins - So why invest here ? Positive (or negative) answers appreciated. Declaration - Do not hold but been on watch list for a long time as I like marble as a top quality finishing material (floors - walls - bathrooms etc. | pugugly |
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