PI Thanks for video.....Perhaps things are starting to hot up here.....?Interesting that quarries are closed at the moment due to too much snow.
Another video update [link]
Fox Marble's bragging rights just got bigger, says Gilbert [link]
End of year interview with CEO [link]
Factory in production Video of first blocks being processed at [link]
Factory Visit Great post on the LSE website. "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.I'll let you know how it goes."
Re: October 2016 interview with CEO excellent post - looks like a hot investm
October 2016 interview with CEO [link]
Latest update 08.09.16 [link]
Another interview with CEO [link]
Re: broker note Amen to that.
Another interview with CEO See [link]
Re: broker note Beaufort's view from this morning: "It is true to say that 2015 was a disappointing year for Fox. A run of unfortunate, hindering events together with an order book that failed to match expectations. Left with a somewhat depleted balance sheet, management also subsequently took the rather surprisingly decision to raise new equity funding at less than half the share price achieved this time last year. It all means that CEO, Chris Gilbert, now has a lot to prove, but the signs are that he will now start to deliver. The order book is already looking healthier and a key strategic long-term distribution agreement with Eboracum Marble Limited has been put in place. Progress at the factory site will bring the Company closer to self-sufficiency with completion promising increased margins and direct sales opportunities across multiple distribution networks, including the Balkans locally. With major capital costs already mostly taken care of, the recently strengthened balance sheet is now focussed on developing a global supply network, with the ambition to satisfy demand in the Middle East, North America, India and Europe. Despite global economic uncertainty, demand for premium-quality marble continues to increase with prices remaining firm and rising. Given the size and quality of Fox's resource and operational facility, a comprehensive distribution network now appears to be the final missing piece in the Company's strategic jigsaw. Assuming management can successfully put such arrangements in place, there appears little to stand in the way of the Company delivering a quite dramatic improvement in visibility and depth of its order book in coming years. These earnings, in turn, should be capable of dropping rapidly to the bottom line, of which the management has already indicated its willingness to distribute in the form of dividends." taken from Research Tree
Beaufort's view from this morning: "It is true to say that 2015 was a disappointing year for Fox. A run of unfortunate, hindering events together with an order book that failed to match expectations. Left with a somewhat depleted balance sheet, management also subsequently took the rather surprisingly decision to raise new equity funding at less than half the share price achieved this time last year. It all means that CEO, Chris Gilbert, now has a lot to prove, but the signs are that he will now start to deliver. The order book is already looking healthier and a key strategic long-term distribution agreement with Eboracum Marble Limited has been put in place. Progress at the factory site will bring the Company closer to self-sufficiency with completion promising increased margins and direct sales opportunities across multiple distribution networks, including the Balkans locally. With major capital costs already mostly taken care of, the recently strengthened balance sheet is now focussed on developing a global supply network, with the ambition to satisfy demand in the Middle East, North America, India and Europe. Despite global economic uncertainty, demand for premium-quality marble continues to increase with prices remaining firm and rising. Given the size and quality of Fox's resource and operational facility, a comprehensive distribution network now appears to be the final missing piece in the Company's strategic jigsaw. Assuming management can successfully put such arrangements in place, there appears little to stand in the way of the Company delivering a quite dramatic improvement in visibility and depth of its order book in coming years. These earnings, in turn, should be capable of dropping rapidly to the bottom line, of which the management has already indicated its willingness to distribute in the form of dividends." taken from Research Tree
broker note SP Angel's view from this morn: "Fox Marble report results for a tough year through 2015. Production of just 10,700t was down on 14,188t a year earlier. Order book value of 3.9m at 1 June 2016 for this year indicates substantial improvement in the companys outlook though the challenge is for the company to meet its obligations... Given that quarrying and marble production is all about sales and distribution managements performance last year could have been better. It is good to see sales picking up and the challenge for management is to meet its expanded order book and to continue to grow its sales." - pulled from researchtree