Fox Marble Share Discussion Threads

[pugugly] 11/10/2018 11:19

Someone buying in largest slugs (imo) available and pushing up the offer. Old Broker?

[andy] 11/10/2018 08:28

Once again they look tapped out financially, and now have another loan note to add to the pile.


I notice they didn't say how much the 40% royalty was costing them PA!


Without that information shareholders can't assess the deal.

[pugugly] 11/10/2018 07:52

More dilution but looks like good for the bottom line with 40% royalty recovered but again conversion could be extra dilutive subject to the then share pricce - which imo will largely depend on the success or otherwise of increasing penetration of the polished/finished product market


"As consideration for the acquisition Fox Marble has issued an Unsecured Convertible Loan Note ("Loan Note") in the amount of €1.785 million. Under the terms of the Loan Note, the holder may elect to convert at a conversion price of 130% of the 3 month volume weighted average share price. The Loan Note is repayable from the 1 October 2020. The Loan Note carries an interest rate of Libor plus 1.5% payable annually in arrears."

Interest rate looks very reaonable but trust that CG has made provision in the Deed for the Libor replacement if the Loan note is still outstanding at the end of 2021

[andy] 07/10/2018 22:59

I see Eboracum Marble is still active!


EBORACUM MARBLE LTD (09837366)
Company status
Active

[andy] 04/10/2018 10:56

Wols,


Good to see you're still around, and yes I wonder if they're still carrying orders from Banyan, Eboracum, et al on their books?


I wonder if Scott has recovered from his illness yet?

[andy] 04/10/2018 10:54

Pug,

Exactly!


In his first ever presentation. CG said that block was low margin and they would move to selling polished as soon as they could, yet they are still selling block, and there's always an excuse given, "taxes" for India, logistics for Turkey!


Shareprophets has just given it a "buy" rating, as usual!


You have to wonder how bad the results would have to be for Shareprophets to call it a sell?

[pugugly] 04/10/2018 09:25

Block not finished product - Low margin stuff - OK building sales of finished is a slow hard path BUT is essential if this coy is ever to deliver on the IPO promise.

[wolstencroft] 04/10/2018 09:04

More money needed....strange given the level of orders....

I just went through the list of RNSs and news releases.

They have announced "orders or "sales" to at least the following: Banyan, Karailas, Eboracum, Zhong, St George, Mahadev, Simskeler, OM India,Pisani, Marble Dino, the USA and Saudi

These total by my estimation to end 2018 circa EUR 18.4M (Fox have deleted some RNSs from their website - which is perfectly legal after one year, though of course they have not deleted all of them older than one year!!) so I have had to use news release from other sources).

Though sales to date since 2013 to 2018 H1 are only circa EUR 3.0M. Odd.

[nitbhav06] 30/9/2018 08:24

Good read. https://www.forbesmiddleeast.com/en/huge-middle-east-urban-infrastructure-growth-makes-dubai-focus-of-global-stone-industry/

[andy] 26/9/2018 14:56

phowdo26 Sep '18 - 10:33 - 466 of 470Moderate | Ban
0 0 0
Looks like another placing may be needed in the not too distant future...

-------

I think they gave the September cash in hand figure to try and dispel those thoughts.


I wonder what superlatives Tom and share price will use for half year sales of Euro 600K?

[podgyted] 26/9/2018 13:06

Comment from share price Angel :-

"Conclusion: It is good to see increasing number of customers and orders as well as stronger output at Fox Marble
production facilities; although, interim results highlight the Company continues to struggle financially. "

Think I concur.

[podgyted] 26/9/2018 12:59

The income has been know for a couple of months now and basically only reflects 2 months sales.

Had hoped for more guidance on H2 sales now they're almost 3 months into it. Sales do appear to be gaining traction but have a lot, lot further to go to CF B/E which would be a start. ( That they can now sell during the winter months I suspect will be a big help)

Guess I'll have to wait until finals now.

[andy] 26/9/2018 11:28

Dozey,

So you think around 500,000 Euros income in 6 months is good?

[haroldthegreat] 26/9/2018 11:23

Perhaps 26% is correct and the other figures are wrong !!!!! No mention of the exciting new ventures flagged up in previous years where fox was to get a % of profits ?
Was worth a
rns then but nothing heard of recently.perhaps I missed them ?

[phowdo] 26/9/2018 10:33

Looks like another placing may be needed in the not too distant future...

[dozey3] 26/9/2018 09:58

Very encouraging. Everything moving in the right direction, and heading towards a luxury brand in high-worth international architecture. Brexit proof. Hasn’t even exploited the memorial market yet. Strong hold for me.

[andy] 26/9/2018 08:24

Pug,

Not too impressed really, but for an upfront payment cash would be nearly out.


Interesting maths here:

Financial Highlights

-- Revenue from the sale of marble products for the six months to 30 June 2018 increased 26 % to EUR615k (H1 2017: EUR330k).


Is it me or is 26% incorrect? I make it 89%.


And still quite a loss, if that continues how much will they have at year end?

-- Loss for the six months to 30 June 2018 of EUR816k (six months to 30 June 2017: EUR1,427k)

[pugugly] 26/9/2018 07:39

Sun possibly breaking through the clouds - Thoughts/comments?

[andy] 14/9/2018 09:10

phowdo,


Agreed, he will probably wait for the next strength to sell into, that's how these things normally work.


People with deep pockets have something most of us as investors don't have, patience!

[phowdo] 17/8/2018 13:13

That triple bottom will crack if Albani starts selling down the freebies.

[fillipe] 17/8/2018 12:28

Holding RNs - chunky?



f

[p@] 17/8/2018 08:29

Andy-Have a look at the VRS story,i think we've found an honest CEO!!!!!

[andy] 17/8/2018 08:14

I see another 2,800,000 shares issued "in lieu of compensation"

Around a 1% dilution.

[andy] 06/8/2018 20:03

Are we approaching a "triple bottom" on the chart?