Fox Marble Share Discussion Threads

[ukgeorge] 15/1/2018 17:42

The gross margin they show is 46% and maximum of 65% and this is before Admin charges, which when factored in pretty much wipe out any profit until 2019.

[andy] 15/1/2018 13:55

czar,

You're a gentleman, many thanks.

[czar] 15/1/2018 10:13

Beaufort Securities, at

[andy] 15/1/2018 09:38

Come on, that's ridiculous!

They are a pubic company and have a duty to inform their shareholders.

They cannot withhold information just in case their competitors find out!

[a0002577] 15/1/2018 09:34

If you were selling at an 84% margin would you tell your customers? Just asking them to squeeze you. So I for one am glad they are not shouting it from the rooftops!

[andy] 13/1/2018 10:41

czar,

Who wrote the Beaufort note out of interest? Do you have an electronic copy by any chance?


I'm surprised they are quoting 84% margin, especially as the company itself won't disclose the margins. I would have though they would be shouting that from the rooftops personally.


When you say "moving to", what are they now out of interest?

[dozey3] 12/1/2018 14:28

I don’t worry about sellers taking their modest profits, having spent years taking my profits too early and watching continuing holders coin it in. Agree with you that the recent degree of de-risking has upped the potential considerably. I’m no marble expert, but if the various varieties FOX produce are (as I understand) into the ‘premium’; bracket and appeal to those for whom money is no object then the future is bright.

[czar] 12/1/2018 13:55

Dozey, good points. The only problem they have short term is a number of disenchanted shareholders who will continue to bleat and sell as the price moves up but I do expect they will be quickly replaced with new investors or even those current shareholders who see the potential going forward. Quite frankly these are probably cheaper now than at any time since they listed.

[dozey3] 12/1/2018 13:26

Czar, you forgot ‘Brexit proof’ and also possibly inheritance-tax-relief eligible tho Inland Revenue don’t want anyone to know that.
I hold.

[czar] 12/1/2018 11:07

Andy have you got a copy of the Beaufort note, it is a very full research document that answers all your questions. Page 10 shows average block prices moving to over €200 pt and extraction costs of €32pt giving an 84% margin. Processed marble selling at over €1000pt with processing costs of under €7. They say "Momentum now being gathered looks almost unstoppable; applying a number of prudent assumptions to this scenario, points to a present value several times the current share price"

[andy] 12/1/2018 09:56

czar,


"Fox will be trading over £1 in a few years time IMHO."



What sales figures are you predicting to arrive at such a market cap out of interest?

What margins are you allowing for on raw and processed marble?

[ukgeorge] 12/1/2018 09:40

I'm new to Fox, but like the story. Have any of you any estimates on what there costs are, potential margins and capacity?

I am used to doing valuations on metals mining companies but obviously this is very different.

[czar] 12/1/2018 09:33

Exbroker agreed. This little company ticks a lot of boxes for me.

A huge and growing addressable market.
An almost unlimited resource of highly desirable marble.
Good margins on blocks, great margins on processed marble.
The only listed marble play.
A massive upside when Stone Alliance kicks in.

The confidence shown by directors and a key customer speak volumes.

Fox will be trading over £1 in a few years time IMHO.

[pugugly] 11/1/2018 18:13

All very quiet here-What do people think of the new fund raising and new distributor?

[ukgeorge] 09/1/2018 09:15

Woop woop go fox go :)

[ukgeorge] 03/1/2018 12:39

I've just tried to take the plunge and join you, couldn't buy any online. Was trying to buy £3k worth. So have put an order in....hopefully won't get to screwed on the price.

[haroldthegreat] 03/1/2018 10:01

Let's hope this deal produces some worthwhile actual purchases from the company.

[gnnmartin] 03/1/2018 09:48

I'm sorry that the meeting is at 9 o'clock. I would like to attend, but not enough to pay the commuter price for travel.

[gnnmartin] 03/1/2018 09:43

The RNS talks about "an order of marble slabs", so I assume the answer is yes, Fox will cut & polish.

[andy] 03/1/2018 09:39

And no mention of margins either!


What's the use of knowing the value of an order if you can't work out what it means in terms of profit?

[nashwan123] 03/1/2018 09:32

On the face of it good news. However RNS seems to suggest Patil will buy blocks but will FOX polish, cut etc? The latter gives them more revenue.Also what is the fund raising to be spent on? Equipment,sales,lining directors pockets or what?

[paleje] 03/1/2018 08:19

Think you might be right czar, Patil looks to have built a good business with Kesari; becoming a major holder in FOX is a huge vote of confidence both in FOX and his own ability to drive GCC sales.