Fox Marble Share Discussion Threads

[haroldthegreat] 14/5/2018 22:03

Wolst you are not very kind to fox. They have expanded into America!!! 31k of sales. What more could you ask? Why didn't they issue a separate rns for that good news?time to go back to sleep until the next chapter of of the comic book is released.or should I say horror story for investors who believed the fairy story years ago.
Once upon a time there was a nice man who was going to make us all rich ......perhaps uncle Andy would like to write the first chapter

[wolstencroft] 14/5/2018 19:16

GLTA believers

[wolstencroft] 14/5/2018 19:16

Fox seem to have deleted mention of their order books RNSes from their own website for example compare:


with

Page 3

Similarly they only list 2 RNSes for 29th June 2016 whilst the LSE list
Result of AGM - 29 Jun 2016 12:14
Increased order book and operational update - 29 Jun 2016 07:00
Issue of Equity Confirmation - 29 Jun 2016 07:00

Guess which one Fox have perhaps accidentally missed off their website??? [They don't have to list RNSes older than 12 months BTW so they aren't doing anything contrary to AIM rules]

No doubt this is all some terrible mistake but for posterity:

In 2015 Fox stated (all quotes are from RNSes to the London Stock Exchange or Alliance News):
"....EUR2 million [sales] to be realised in 2015" - they managed EUR 230,000 or just 11.5% of their order book

In 2016 they stated
"order book for the year has increased to EUR3.9 million" - they managed EUR801,040 or 20%

in 2017 they stated
"increased its order book estimate for 2017 to EUR4.4 million...expect to recognise all EUR4.4 million as revenue in its 2017 accounts." - they managed EUR 1.2Million or 27%

So for three years in 2015, 2016 and 2017 Fox spouted RNS official statements that transpired to be so far wide of the mark IMHO it's almost beyond belief. And then they delete some "order book" RNSes from their own website???

[haroldthegreat] 14/5/2018 06:41

31 K From a country the size of America they must have a good agent there ! where next ? Have we an agent on Anglesey? That should yield 0.5l p .pro rata. I know that calculation is wrong but i cannot be bothered to work it out. I will leave it to exbroker to produce an accurate estimate.

[andy] 13/5/2018 22:48

glenn,


They have a unique system here, the definition of an "order" varies from the rest of the world.

Here it's more if an expression of interest than a confirmed order, see orders from Banyan, and Eboracum, that seem to have wilted on the vine,but are possibly still carried in the order book.


We need to know what historically announced "orders" are still in the order book, but no mention ever about that. They may not actually convert to real orders at all.

[glennborthwick] 13/5/2018 20:36

What do sales need to be to hit break even?

[andy] 11/5/2018 10:10

wols,

You just know Scott and Eboracum will come good in the end!


They're going to marble floor all the pubs in Sheffield for a start!


Awaiting the "great results" comment and a "strong buy" reccomendation from Shareprophets later............

[wolstencroft] 11/5/2018 08:20

Come on phowdo you'll be claiming that the Zhong Deal, Banyan and Stone Alliance were also ruses to delude the market / get placings away next!!

I do believe Chris still had Eboracum in his order book recently despite it being a dormant company!

[phowdo] 11/5/2018 07:58

Do they still have that huge order from Eboracum to come?
Surely it wasnt just a ruse to get a placing away...

[pugugly] 10/5/2018 12:16

Agreed with all 3 above posts - For the record - share price at time of posting 9/9.5 down 5%. Market cap £18.1M - Significantly loss making - Still below last placing at 10.5p and still some convertible loan notes outstanding. Accounts good on detail so need to re read and interpreted carefully -

Stone Alliance comment interesting but very much (imo) potential jam tomorrow -
Conclusion (again imo) a very slwo burner unless the fire goes out - Major difficuoty appears to be lack of significant traction in breaking into the established distribution and sales logistics chain for polished slabs with their very much higher margin.

Political risk still needs to be taken into account.

SP (imo) remarkable resilient - Small selling and minimal markdown but NO signof any buyers (imo) but nEX could have had a couple - Gut feel suggests that if any significant selling pressure minimal suppport so staying on the side.

[pj 1] 10/5/2018 08:35

Not looked in depth, but there seems to be little correlation between increased Tonnage and Sales and the financial Results. Maybe they have gone into Soil and reclamation material sales?

Not sure I want to look any further at this stage, I'll keep it as a passive watch at best.

[andy] 10/5/2018 07:56

Results out!


Revenue for the year of EUR1.2 million (2016 - EUR0.8 million) with further advances of EUR0.4 million received. 4,641 tonnes of material sold in 2017 (2016 - 1,243 tonnes), together with over 5,000 sqm of processed material (2016 - 6,118 sqm).


- Operating loss for the year of EUR2.9 million (2016 - EUR3.0 million). Loss for the year of EUR3.4 million (2016 2.7 million). The increase in overall loss is caused by an increase in finance costs in the year.

-------

Tom W will be going into overdrive with the superlatives after these results!

And they reduced the operating loss by 0.1 million Euros!

To 'only' 2.9 million Euros, what's not to like?

[andy] 27/4/2018 12:48

Dozey,

LOL!

They have some lovely marble, probably too opulent for the average home, but wonderful colours.

[dozey3] 27/4/2018 11:12

Don’t worry Andy, it will pale into insignificance against my FOX paved/tiled palace is built when my holdings in FOX, HUR, HUM, SYM, IQE, WEY, CWR all multibag. Not holding breath tho.

[andy] 27/4/2018 10:46

czar,


Out of interest, what do you describe as "the best penthouses in the world"?

So let's see what that translates into in terms of sales, revenue, and profit then.

The next set of results are due out soon surely?

[czar] 27/4/2018 10:03

nashwan you could not be more wrong, check out the uk customers who are using fox marble in their premier developments in London, the best penthouses in the world.

[nashwan123] 27/4/2018 09:03

I'm not convinced FOX will be a competitor for first class marble on the world stage.I think the quality is ok for walls and floors but not high end bathrooms and kitchen surfaces.Surprisingly they have only just installed a cutting machine at their Kosovo factory,which cannot do beveled or finished surfaces.I think working in Kosovo is not as easy as you might think either.FOX remains a slow burner.

[podgyted] 18/4/2018 17:58

Interesting. Thank you. PT

[paleje] 18/4/2018 14:14

Short video interview with Chris for anyone who han't read it from the other thread, gets interesting esp about demand exceeding capability to supply India/Turkey.

[czar] 16/4/2018 13:37

This market is getting rather silly, this can only be construed as good news but still a handful of sellers appear. Very weird.

[gnnmartin] 16/4/2018 13:09

A rather surprising drop on today's RNS. I rather expected a tick up.