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.
"I understand that the factory is about 4.5kilometres south of the airport in the village of Ribar I Madh. I hold a reasonable number of shares in fox but have become nervous about progress, or more accurately the lack thereof!
Having experience of Quindell and Globo where I made 75k and then lost 75k, though both were scams, I thought I should do what we are always told to do I.e. DYOR. I have therefore decided to do my own research so am off to Pristina on 12th Dec for three nights at the Sirius hotel. I plan to visit the factory to see for myself how things are progressing.
Fox have been receptive and offered to arrange someone to show me around.
I live in Switzerland and flights from Geneva on Easyjet are cheap as chips and the hotel is not expensive so I'm thinking that a few hundred quid should be money well spent and help me decide whether to buy more or sell out.
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