gretel
20 Apr 2015
Two news items From another bb.....Firstly, one poster visited Saturday's UK Investor Show as follows: "I attended the shoe yesterday and was there for the presentation. I can advise that Chris flew to Macedonia yesterday to meet the Chinese delegation on Monday hopefully to finalise their choices of marble. Apparently the Chinese are going through tons of marble. Also they appear to be trying to establish a relationship in India. Also seen photographs of the factory shell (huge !!!!! the factory not the photograph). Sounds very positive and IMO we have now reached a critical turning point."Secondly, FOX's site in Kosovo was visited by the UK Ambassador... Today Ambassador O'Connell visited Fox Marble - British investment bringing jobs to Kosovo[link]
gretel
17 Apr 2015
Beaufort Securities update Good coverage here, and the share price is consolidating nicely:Http ://www.proactiveinvestors.co.uk/columns/beaufort-securities/18191/beaufort-securities-breakfast-alert-fox-marble-afc-energy-petards-group-horizon-discovery-group-and-others-18191.html"Fox Marble (LON:FOX), 20.50p) – Speculative BuyYesterday the Group announced its preliminary results for the year ended-December 2014. Operational Highlights included the fact that over 14,000 tonnes of marble extracted during the period. Revenue for the year totalled €0.15m (2013 – €0.05m) with much of the initial 2014 order book being pushed into H1’15. Operating loss for the year was €2.12m (2013: loss of €2.17m) with net loss of €2.33m (2013: €2.57m) due to costs incurred in bringing the quarries up to full production. The Group’s net cash position at end-December 2014 of €4.70m (2013: €5.26m). Since the year end Fox Marble sold 900 sqm of polished slabs of Argento Grigio marble to St Georges Plc the luxury homes division of Berkeley Homes Plc, while product continues to be sold via the company’s office in Carrara and its distributors in London (Pisani) and New York (Royalstone), with confirmed or completed orders under the Pisani offtake agreement currently total over €250k. Importantly, the construction of the factory building is almost complete and the company will shortly begin transportation and installation of the processing machinery. Order book as at 9th April 2015 stood at €2.8m out of which €2.0m is expected to be realized in 2015. Our view: Quite shortly, Fox Marble will see key milestones fulfilled, including completion of the factory and increasing levels of production in Prilep and Malesheva. Significantly, this will lead to the company winning significant orders for its product as its branding, marketing and sales focus continues to develop. It is important to remember that buyers of wholesale marble survive only on their ability to deliver product in the volumes and quality promised; to date, despite having exceptional in-the-ground resource, their confidence in Fox Marble’s ability to extract and process has been lacking. With capacity now about to undergo a step improvement, this concern will quickly be repaired. Beaufort anticipates revenue climbing sharply during 2015 as more customers purchase its exceptional quality stone and compounding further into 2016 and beyond. Fox Marble effectively has an infinite on-surface resource across a wide range of rare and unblemished marbles. It is presently cash rich, while capital costs have already been committed with little further expenditure anticipated going forward. Labour and transportation costs are low, yet global demand continues to increase while pricing remains firm and rising. Against this, Group operations looks set to become exceptionally cash generative very quickly, with management committed to annually distribute any the surplus in the form of dividends. The first result of this could even be seen this financial year. The reality is that the value of Fox’s licences, which place an in-situ value of €16.5bn on just four (or an estimated 28% of its total resource) of its eight quarries, dramatically exceed the Group’s market value. When it has demonstrated its ability to routinely turn elementary extraction and processing into significant profit, the market should start to recognise this fact and power a re-rating of the shares."
spike501
13 Apr 2015
Re: Blatant ramping Spain Fund - I've been invested here for a bit and while it is clearly at the higher risk end of the spectrum there does seem to be significant potential. Do you have any insight views as to why this might not be so?
Spain Fund
13 Apr 2015
Blatant ramping not right, sheep follow
gretel
12 Apr 2015
Tipped in today's Mail on Sunday FOX are the main tip in the Midas column in the Mail on Sunday. Monday should be interesting:[link]
spike501
10 Apr 2015
Re: Positive analyst summary just out This seems to be coming along nicely - 2million Euros in orders so far for this year plus another minimum 2million on top from China offtake agreement assuming that the minimum targets are met and its only mid April.I would assume that the factory will take a further 3 months to finalise completion, equip it, hire and train the staff and work it up towards full capacity - once that is done I expect further orders and longer term relationships will materialise as the company proves it can run its own processing plant to the required standard.Broker targets for E6-7million in sales this year look like they can be met and exceeded.
gretel
10 Apr 2015
Positive analyst summary just out Beaufort Securities have just e-mailed this out:"Fox Marble (FOX.L, 17.75p) - Speculative BuyFox Marble, the AIM-quoted group focused on marble quarrying and finishing in Kosovo and the Balkans region, yesterday announced it had received orders from the prestige home division of Berkeley Homes Plc, for two different types of marble (white and grey). This will be supplied to its Chelsea Creek development throughout the rest of 2015. This order has a total value of €570,000 of cut and polished slabs and is in addition to the previous orders for 900sqm of polished slabs of the Company's grey Argento Grigio marble, which was announced in January 2015 and has already been delivered to site. Fox also reported initial small scale orders for its red, Rosso Cait, marble have been received and fulfilled for customers in Egypt. The Company's order book now stands in excess of €2.8 million of which €2 million is expected to be realised during 2015. The Group’s factory building is now nearing completion, requiring a further 10 or so days of uninterrupted work in Pristina, whereafter time equipment will start to be shipped from Italy for installation in the building.Our view: Marble is not a mineral that can be commoditised and multi-graded like oil or gold. Although its global market is valued at around US$15bn annually, the fact is that sales are driven more by desirability and availability than need or utility, which means that it remains something of a ‘cottage industry’ (as is often the case with luxury or bespoke value-added goods). The fact that Berkeley Homes has now extended its order is clear testament of the both the premium quality and volume consistency that Fox’s quarries are able to provide. Marble buyers, of course, operate in a conservative manner, understanding that above all their reputation for delivery on time, on price and in the quantities promised is all. As a wholesale provider, this is what has restrained the Group over the past couple of years. But with its factory finally nearing completion while commencing a quite dramatic ramp-up of production in tandem with rising buyers confidence, sales targets envisaged in Beaufort research of the past year now look set to be met or exceeded. Fox Marble effectively has an infinite on-surface resource across a wide range of rare and unblemished marbles. It is presently cash rich, while capital costs have already been committed with little further expenditure anticipated going forward. Labour and transportation costs are low, yet global demand continues to increase while pricing remains firm and rising. Against this, Group operations looks set to become exceptionally cash generative very quickly, with management committed to distribute any the surplus in the form of dividends. The first result of this could even be seen this financial year. The reality is that the value of Fox’s licences, which place an in-situ value of €16.5bn on just four of its eight quarries, dramatically exceed the Group’s market value. When it has demonstrated its ability to routinely turn production into significant profit, the market should start to recognise this fact and power a re-rating of the shares. We maintain a Speculative Buy on the stock. "
gretel
09 Apr 2015
Good order book news today Excellent news on the order book - it's now at €2.8m, with 2015 orders at €2m compared to €1.5m per the last update.And also good news that Berkeley Homes have ordered an additional €570,000 of marble. Repeat orders from prestigious customers like this will be a great help in establishing FOX's reputation.The factory's being delayed again slightly is small beer in the scheme of things, though still frustrating.
gretel
19 Jan 2015
New analyst report Excellent new 40 page report from Allenby Capital just out.Nice to see a 49p fair value for the shares.Here's a direct link:[link]
gretel
12 Jan 2015
Presentation on 5th February FOX are presenting on 5th February in London - hopefully on the back of more good news flow:[link] "Fox Marble was founded by Christopher (Chris) Gilbert and Dr Etrur Albani in 2011 to take advantage of the unexploited marble reserves in Kosovo. It was admitted to AIM in August 2012 and is the first AIM-quoted company to operate in Kosovo and the only AIM-quoted dimension stone company. The goal is to establish itself as the industry leader in decorative stone from Kosovo and Southeast Europe. The Group has six quarries under licence and a further two under operating agreements. It currently has four quarries fully operational (3 in Kosovo and 1 in Macedonia), with over 7,000 tons quarried in first half 2014. Its JORC resource indicates the quarries hold a combined volume of over 300 million cubic metres of premium quality marble and decorative stone, with an in-situ valuation of approximately €16.5 billion. A processing facility in Kosovo is being established close to Pristina Airport and will allow the Group to sell polished slabs and tiles direct to the market. Fox Marble's long-term strategy is to expand its portfolio of marble quarries in South East Europe and to widen its geographic reach and commercial presence as it looks to build a profitable marble quarrying and production business. The Group has already established several revenue streams via offtake and sales agency agreements. At the six-month period ended 30 June 2014 (unaudited), the Group's net cash balance was £2.5 million."
gretel
05 Jan 2015
FOX tipped for 2015 I agree there could be a long way to go this year with further offtake deals, factory completion etc:[link] prophets.com/views/9864/tom-winnifrith-s-tenth-and-final-share-tip-of-the-year-2015-buy-fox-marble-at-1825pTheir 30p initial target could be surpassed if progress is smooth imo.
luckbyjudgement
15 Dec 2014
Re: Substantial new sales contract I think that is the one
gretel
15 Dec 2014
Substantial new sales contract Excellent news today with a guaranteed minimum 10,000 tons of sales per annum and likely considerably more...[link] Agency Agreement Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, is pleased to announce that Fox Marble Kosovo Sh.p.K, a wholly-owned subsidiary of the Company, has entered into a sales agency agreement ("Agreement"
with Zhong Shengdestone Co., Ltd, ("ZSC" headquartered in Beijing, China. Under the terms of the Agreement, which is for an initial period of 12 months effective 1 January 2015, the Company has granted to ZSC exclusivity to sell the Company's block marble in China conditional on ZSC selling a minimum of 10,000 tons of marble per annum ("Minimum Quantity". As well as acting as agent, ZSC is a purchaser of marble and intends to buy block product from Fox Marble on its own account. ZSC indicated that, in 2013, it purchased in excess of 100,000 tons of marble in total and hopes to exceed the Minimum Quantity specified in the Agreement.The Company retains the right to terminate exclusivity if quarterly sales achieved through ZSC are not in line with the stated Minimum Quantity. If the Minimum Quantity of sales is achieved, this would translate to incremental revenues of between US$2.5 million and US$5.0 million per annum. CEO Chris Gilbert commented: "We are pleased to have finalised an agreement with a company in China which itself is a buyer of marble as well as having extensive relationships with other significant buyers who have indicated their interest in our stone. These buyers will be visiting our quarries in Kosovo after the Chinese New Year (February 2015) in order to start selecting blocks under the terms of the Agreement. China is of course a large market and this arrangement forms part of our planned strategy to sell our stone around the world.""
Highlander
10 Dec 2014
Re: : shares aten, it's usually the one's doing all the tipping that are offloading. They're not daft, nothing worse than following tipsters " especially " Red Hot Penny Shares. No sooner than they than they tip anything it goes rapidly South within a week of it being tipped.The tipsters obviously get in early taking substantial holdings " TIP IT " all the mugs pile in and it allows them to dump at a handsome profit. EVERY TIME without fail it happens, then when the little man see's his money disappearing he panics and sells and the big boys get in again and wait for the mugs to start buying. UNBELIEVABLE they can repeat it time and time again and ther's always plenty of cannon fodder to oblige them. Far as I'm concerned totally wrong time of year to buy in here, March / April is soon enough to consider taking a holding.
aten
10 Dec 2014
Shares With this being tipped left, right, and centre, quite a few off loading.
