Fox Marble Share Discussion Threads

[wolstencroft] 11/2/2019 14:19

Err, yes, well on this thread we've suspected this all along.

[nitbhav06] 08/2/2019 21:20

You can't hold this garbage. The Fox is on the run, it doesn't know where it's going. Run by a clueless con artist. How can a CEO run a company with this much potential and turn over only €1.4m it's embarassing and a disgrace to shareholders. If I was CEO, my objective would be to grow processed sales. CG needs to step down or this company is finished.

[podgyted] 07/2/2019 12:02

I listened to Chris being interviewed on the interim results - Revenue 600k - he made the point this was effectively only 2 and a bit months because of the winter. So in my mind I prorated this up to about 2 million + the newsflow suggested this could be bettered.

They actually did 1.4 million which is shocking - that means only 800k in H2 - this compares with 870k in H2 last year - they've gone backwards and in H2 last year they didn't have their marvelous cutting machine.

I just think all credibility is gone here - but I do wish good luck to those still holding

[jaynesdad] 07/2/2019 11:59

I agree czar, it is the price being paid for the new shares which is the (absolutely only) brightspot of this update. That is properly odd. I can't imagine any institution would invest at near or above (yesterdays) share price given the content of todays RNS. However I would also point out that the city was persuaded to put significant mew money into Patisserie Valerie via a share issue after its shares were suspended and never saw those shares listed before PV collapsed into administration......

[wolstencroft] 07/2/2019 11:57

Fox are trading near an all-time low. All the "better informed" investors so far have lost money.

[clocktower] 07/2/2019 11:05

Get into a hole that is being dug deeper, and so deep you may not even see daylight?

[clocktower] 07/2/2019 11:05

Get into a hole that is being dug deeper, and so deep you may not even see daylight?

[czar] 07/2/2019 10:56

Investors putting up £2,000,000 are probably better informed about the prospects than punters here selling holdings of £800. I'm frustrated too, it has taken a long time to break into the marble market but they are at last getting some traction. This may be the time to get in not out, time will tell.

[jaynesdad] 07/2/2019 10:19

Utterly astonished that this hasn't collapsed this morning. Pug, wake up and smell the coffee. Sales of a million to support a quarrying and processing operation. Debts to service. Ever expanding shareholder base. My opinion (cant give advice) is get your money back while you can. Constant overpromising here. I'm not saying this is a scam by the BOD. I just think the model is starting to look unviable.

[wolstencroft] 07/2/2019 10:09

5p or less, agreed there

It's pretty clear to me that there are plenty of idiot investors in Fox....

[pugugly] 07/2/2019 10:07

wolstencroft - So which idiot coughed up £1.26M at 9.5p (way above recent market prices) - What did they know that we do not? - I suppose given the number of shares issued we will find out when the next holdings rns issued and be able to make a better/more informed judgement. If it is as dire as you suggest maybe 5p would have been a more logical price.

Agreed on the surface looks dire - Please read teacher's report in more detail and read between the lines - "Failure to penetrate the profitable polished slab market" they need to do this in order to become cash flow positive.

[wolstencroft] 07/2/2019 09:35

PUGUGLY - from which planet are you writing? This is utterly dire.

Teacher report: IMHO Seemingly willfully issues RNSs that bear no relation to ultimate reality - over 18 million of "orders" announced so far the vast majority of which have not materialised. Has been doing this for years. On the other hand people still believe them!! Suggest future career in second-hand car sales ("Just one previous lady owner -- called "Avis" -- full service history no we can't find it just now but it definitely exists, somewhere, I have a buyer coming this afternoon so you'd better buy it now etc etc")

[clocktower] 07/2/2019 08:28

Grossly overvalue for a company with so little turnover and little prospect of sufficient growth that does anything more than pay the salaries of those involved imo.

[podgyted] 07/2/2019 08:13

GL

Was expecting 2 million - to achieve only 1.4 compared to 1.2 last year leaves me totally underwhelmed and does not tie-in with the interviews/ RNS's from the company - I'm out.

[pugugly] 07/2/2019 08:00

Further funding at 9.5p - Well above recent market pricesso promising in that some have great confidence Well done Chris - - On the whole an encouraging report but no mention of when will be cash flow positive - Teachers report - Making good progress but still a lot of improvement needed to penetrate the major profit centre of the polished slab market-

[pugugly] 17/1/2019 11:44

pod -They have the machinery - and the capacity - but while their block sales seem to be going well they appear to be having difficulty in penetrating the finished polished marble market - This market is very incestuous and requires penetration of the whole of the distribution and specifier chain This takes a long time and in certain countries may require many "brown paper envelopes” This route is of course forbidden to Fox.

[podgyted] 17/1/2019 08:46

You may be right - the news flow is definitely getting more positive.

I think we are due a TU shortly on the 2018 year which should disclose sales very much increased but still loss-making.

My hope is they can get to cash flow positive without another placing. I do suspect they will want to do some capital spend (further machinery) in the near future - processed product being far more profitable.

[czar] 17/1/2019 08:38

I think this will be Fox's year, they only need a few more orders and they can break into profits and then just keep growing and growing.

[haroldthegreat] 22/11/2018 07:56

What a disaster . Brilliant showmanship at launch .Will I live long enough to see the chart rise ? Any news on the stone alliance ????? Haven't seen any rns on that great project .where is ex broker ? Has he seen the light and got out of this great investment ?

[pugugly] 22/11/2018 06:52

Very quiet here BUT could there be a knock on effect from the recent flare up between Kosovo and Serbia?

[andy] 25/10/2018 08:30

Ok here is the info:


The showroom is conveniently located for European sales being less than 10 miles from Heathrow Airport and 35 miles from Stanstead Airport.


Located at 2 Courtenay Road, East Lane, Wembley HA9 7ND, it is also very close to North Wembley Station, and can be visited by appointment.

[andy] 25/10/2018 08:26

nitb,


Ok thanks, I know the area well, any particular road?


Is it exclusively Fox' marble, or is it part of a larger showroom?

[nitbhav06] 25/10/2018 08:21

It's around 20 minutes walk from Wembley park station. You have to make an appointment though.

[andy] 24/10/2018 20:43

nitb,


Where is the Wembley showroom please?


I visited Pisano, and I agree, the marble is stunning.