I think corruption is the main threat to the business, rather than violence - although there is a prospect of both. This will remain a high risk investment for the forseeable future, but that does not necessarily mean that it will be unprofitable. Time will tell. Place your bets.
This article in The Economist points to the lawlessnes and potential instability of Kosovo. These factors are hardly ever mentioned by Fox except to say that the business is unaffected. Could the situation be hindering the swift development of Fox, perhaps in the fields of recruitment and transport at the operational level? The share seems to me to be doing reasonably well; but somehow not as well as it could.
Has anyone been on site and formed a view?
We folks today is a momentous day. Our good friends at Fox Marble Plc have announced the first shipment of in house cut and polished slabs and posted a video no less. Well done to all the patient holders that have endured the journey thus far. Upward and onward or to infinity and beyond and Chris Gilbert might say.
Once again, the tone of the results statement is optimistic, but the shares languish.
How does the healthy order book ( in excess of 4 million euros) translate into profits?
Most of the capital expenditure should now be out of the way, so would a profit of say £1m be reasonable?)
This would give an eps of around 0.5p per share for a pe of 20 which looks quite attractive for a company with such growth potential.
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