View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsBushveld Minerals 과거 순이익 실적과거 기준 점검 0/6Bushveld Minerals 의 수입은 연평균 -62.9%의 비율로 감소해 온 반면, Metals and Mining 산업은 연평균 6.1%의 비율로 증가했습니다. 매출은 연평균 1.3%의 비율로 증가해 왔습니다.핵심 정보-62.93%순이익 성장률-59.56%주당순이익(EPS) 성장률Metals and Mining 산업 성장률19.58%매출 성장률1.31%자기자본이익률n/a순이익률-108.25%최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트Reported Earnings • Jun 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.074 loss per share (further deteriorated from US$0.031 loss in FY 2022). Revenue: US$137.5m (down 7.4% from FY 2022). Net loss: US$103.9m (loss widened 167% from FY 2022). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 02First half 2023 earnings released: US$0.011 loss per share (vs US$0.003 loss in 1H 2022)First half 2023 results: US$0.011 loss per share (further deteriorated from US$0.003 loss in 1H 2022). Revenue: US$78.4m (up 2.9% from 1H 2022). Net loss: US$14.1m (loss widened 321% from 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 47% per year.공시 • Jun 21+ 2 more updatesBushveld Minerals Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2023Bushveld Minerals Limited announced that they will report fiscal year 2022 final results on Jun 23, 2023Reported Earnings • Sep 14First half 2022 earnings released: EPS: US$0 (vs US$0.015 loss in 1H 2021)First half 2022 results: EPS: US$0 (improved from US$0.015 loss in 1H 2021). Revenue: US$76.2m (up 224% from 1H 2021). Net loss: US$6.28m (loss narrowed 30% from 1H 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Metals and Mining industry in the United Kingdom.Reported Earnings • Jul 01Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: US$0.034 loss per share (down from US$0.031 loss in FY 2020). Revenue: US$106.9m (up 19% from FY 2020). Net loss: US$40.8m (loss widened 11% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 52%, compared to a 17% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 29First half 2021 earnings released: US$0.015 loss per share (vs US$0.01 loss in 1H 2020)The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$47.0m (up 9.2% from 1H 2020). Net loss: US$17.9m (loss widened 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updates공시 • Dec 17Bushveld Minerals Limited Provides Update on Extended Plant Maintenance Shutdown At VametcoBushveld Minerals Limited informed by the Piers Marsden and Jenna Osborne of Matuson & Associates (Joint BRPs) that they have commenced an extended plant maintenance shutdown at Vametco, which will continue until end-March 2025. The shutdown aims to rebase the business to optimise the turnaround by fixing the critical parts of the business that will efficiently generate revenue and ensure future sustainability. This period will allow sufficient time to plan, procure, and install critical components for the maintenance and sustainable operation of the plant. Once the plant is back online, it is anticipated its reliability will be enhanced, and it will operate close to full capacity.New Risk • Oct 28New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£7.51m (US$9.74m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-US$39m). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (UK£7.51m market cap, or US$9.74m).공시 • Oct 18An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100.An undisclosed buyer agreed to acquire Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) on July 31, 2024. Bushveld Minerals received approval from the Development Bank of South Africa to dispose of Lemur Holdings Limited, including its $2.5 million debt. The disposal remains subject to certain outstanding conditions being met. An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100 on October 18, 2024. As a result of the completion of the Disposal, Bushveld is no longer liable for the outstanding $2.5 million debt owed to DBSA. Richard Morrison, Charlie Bouverat, Grant Barker, Abigail Wayne of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN).New Risk • Sep 18New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$39m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Negative equity (-US$39m). Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£10.4m market cap, or US$13.7m).분석 기사 • Sep 15The Market Doesn't Like What It Sees From Bushveld Minerals Limited's (LON:BMN) Revenues Yet As Shares Tumble 30%The Bushveld Minerals Limited ( LON:BMN ) share price has fared very poorly over the last month, falling by a...공시 • Jul 31Bushveld Minerals Limited Provides Production Guidance for the Year 2024Bushveld Minerals Limited provided production guidance for the year 2024. For the year, the Group production guidance will be between 3,800 mtV and 4,000 mtV.공시 • Jul 13Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024. Location: oak house, hirzel street, st peter port, gy1 3rh, Guernsey분석 기사 • Jul 03Slammed 38% Bushveld Minerals Limited (LON:BMN) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the Bushveld Minerals Limited ( LON:BMN ) share price has dived 38% in the last...New Risk • Jul 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£14.1m market cap, or US$17.8m).Reported Earnings • Jun 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.074 loss per share (further deteriorated from US$0.031 loss in FY 2022). Revenue: US$137.5m (down 7.4% from FY 2022). Net loss: US$103.9m (loss widened 167% from FY 2022). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.공시 • Apr 23Bushveld Minerals Limited Provides an Updated Mineral Resources and Ore Reserves for the Vametco Vanadium Mine Near Britishs on the Western Limb of the Bushveld ComplexBushveld Minerals Limited provided an updated Mineral Resources and Ore Reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex. The resources and reserve estimation was carried out by MSA Group Inc. in accordance with the terminology and definitions given in the JORC Code (2012). Key Highlights: The total Ore Reserves have increased by approximately 10% from the previous Ore Reserve estimate as at 31 December 2022. The Ore Reserves are reported as at the 31 December 2023 at 293,400 tonnes V2O5 in magnetite at a grade of 2.00% V2O5 (in magnetite). The combined Inferred and Indicated Mineral Resource comprises 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as at the 31 December 2023 at 180.4 million tonnes (Mt) at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 694.6 thousand tonnes of contained vanadium. The previously reported combined Inferred and Indicated Mineral Resource, as a 31 December 2022, was 181.5 Mt at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 699.0 thousand tonnes of contained vanadium. Within this, the Ore Reserve in the Probable Category comprise 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as 51.0 Mt at an average grade of 2.00% V2O5 (in magnetite), with an average magnetite content of 28.9% (in whole rock) for 164,300 tonnes of vanadium. The Lower Seam is the main ore seam and the thickest, ranging from 13.8 to 52.0 metres in thickness, comprising a Probable Reserve of 41.2 Mt at an average grade of 2.03% V2O5 (in magnetite), with an average magnetite content of 28.2% (in whole rock) for 132,200 tonnes of vanadium. The decrease in the total 2023 Mineral Resource, by 0.61% less tonnes than the 31 December 2022 estimate, is attributed to mining of the seams over the last 12 months. No Mineral Resource exploration was carried out over the period. The year-on-year depletion which was calculated to be 1.1 Mt, was offset by an increase in tonnage through improved definition of the existing pit design (1.7 Mt) and an adjustment to the modifying factors (4.1 Mt), resulting in an increase in the total Ore Reserves from 46.4 Mt to 51.0 Mt as at 31 December 2023. The Ore Reserve modifying factors (mining loss and dilution) were adjusted based on pit to plant reconciliation production data supplied by Bushveld Vametco Alloys (Pty). Ltd. This resulted in a significant increase in the Upper Seam ore tonnes from 36.2 Mt to 41.2 Mt.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£25.0m market cap, or US$31.1m).분석 기사 • Mar 24The Market Doesn't Like What It Sees From Bushveld Minerals Limited's (LON:BMN) Revenues Yet As Shares Tumble 28%Unfortunately for some shareholders, the Bushveld Minerals Limited ( LON:BMN ) share price has dived 28% in the last...Breakeven Date Change • Feb 01Forecast breakeven date moved forward to 2024The 2 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$10.9m in 2024. Average annual earnings growth of 63% is required to achieve expected profit on schedule.분석 기사 • Jan 23Positive Sentiment Still Eludes Bushveld Minerals Limited (LON:BMN) Following 33% Share Price SlumpBushveld Minerals Limited ( LON:BMN ) shares have had a horrible month, losing 33% after a relatively good period...공시 • Dec 21Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023. Bushveld will issue 232.83 million shares along with payment of ZAR 18 million in cash to BVI 1833.Completion of the Transaction also secures fulfilment of a key condition precedent to the Orion Convertible Loan Note Refinancing agreement, announced on 27 November 2023.The Transaction is subject to South African Reserve Bank approval, which is expected to be received within 6 weeks. As on December 19, 2023, Bushveld Minerals has met all the necessary conditions and received final approval from the South African Reserve Bank. Completion of the Transaction will take place on the later of the fifth business day following SARB approval being granted or the Company publishing an announcement to confirm completion of the Company's debt restructuring transaction. Following completion of the Transaction, BVH will apply to the Minister of Mineral Resources and Energy to amend and update the BVH Mining Right to reflect the updated ownership structure. Richard Morrison, Charlie Bouverat, Grant Baker, Richard Parlons of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN). Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on December 19, 2023.공시 • Dec 14Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million.Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 486,038,755 Price\Range: £0.03 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,451,114 Price\Range: £0.03 Transaction Features: Subsequent Direct ListingNew Risk • Dec 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£44.2m market cap, or US$55.3m).공시 • Dec 01Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million.Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 530,000,000 Price\Range: £0.03 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 66,666,667 Price\Range: £0.03 Transaction Features: Subsequent Direct Listing공시 • Nov 30Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023, at 10:00 Coordinated Universal Time.Breakeven Date Change • Nov 28Forecast breakeven date pushed back to 2025The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 58% per year to 2024. The company is expected to make a profit of US$5.01m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule.Board Change • Nov 22High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non Executive Chairman & Senior Independent Non-Executive Director Michael Kirkwood is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • Nov 18Bushveld Minerals Limited Announces Executive ChangesThe board of Bushveld Minerals announced that Ms. Tanya Chikanza, finance director has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice. The board further announced that the company is investigating Ms. Chikanza regarding alleged misconduct relating to failure to disclose a material conflict of interest. Given Ms. Chikanza's resignation, the company has suspended her from her contractual appointment with immediate effect, pending the outcome of an independent disciplinary process that will now follow. Ms. Janandre Lamprecht will assume the role of acting chief financial officer and the company will initiate a comprehensive search for a replacement Finance Director. Ms. Lamprecht is a Chartered Accountant who began her career at PricewaterhouseCoopers and has extensive experience in the mining industry having worked for listed international mining houses in multiple jurisdictions. Ms. Lamprecht has been with the Company since August 2022 and previously led the Group's financial accounting, reporting and tax functions.공시 • Nov 17Bushveld Minerals Limited Announces Resignation of Tanya Chikanza as Board MemberThe board of Bushveld Minerals announces that Ms. Tanya Chikanza, board member has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice.Breakeven Date Change • Nov 06Forecast breakeven date moved forward to 2024The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$5.01m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.New Risk • Nov 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (UK£21.0m market cap, or US$25.4m).Breakeven Date Change • Oct 31No longer forecast to breakevenThe 4 analysts covering Bushveld Minerals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$13.2m in 2025. New consensus forecast suggests the company will make a loss of US$3.97m in 2025.공시 • Oct 31Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023.Major Estimate Revision • Oct 05Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$147.8m to US$146.0m. Losses expected to increase from US$0.027 per share to US$0.041. Metals and Mining industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target down from UK£0.073 to UK£0.056. Share price fell 3.3% to UK£0.015 over the past week.Major Estimate Revision • Oct 03Consensus EPS estimates fall by 156%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$141.8m to US$145.9m. Forecast EPS reduced from -US$0.011 to -US$0.029 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target down from UK£0.089 to UK£0.073. Share price fell 8.8% to UK£0.015 over the past week.Reported Earnings • Oct 02First half 2023 earnings released: US$0.011 loss per share (vs US$0.003 loss in 1H 2022)First half 2023 results: US$0.011 loss per share (further deteriorated from US$0.003 loss in 1H 2022). Revenue: US$78.4m (up 2.9% from 1H 2022). Net loss: US$14.1m (loss widened 321% from 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 47% per year.공시 • Sep 13Bushveld Minerals Limited announced that it has received $12.5 million in fundingBushveld Minerals Limited announced that it has raised $12.5 million in an equity round of funding on September 11, 2023. The transaction included participation from Southern Point Resources.Breakeven Date Change • Aug 14Forecast breakeven date moved forward to 2024The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 59% to 2023. The company is expected to make a profit of US$1.63m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule.Major Estimate Revision • Jun 30Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$192.1m to US$163.0m. Forecast losses increased from -US$0.0051 to -US$0.0098 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 9.5% next year. Consensus price target of UK£0.13 unchanged from last update. Share price rose 18% to UK£0.03 over the past week.공시 • Jun 27Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023, at 11:00 Coordinated Universal Time. Location: Oak House, Hirzel Street, St Peter Port, Guernsey, GY1 3RH St Peter Port Guernsey Agenda: To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2022; To approve the Directors' fees as reflected in the Remuneration Report and in note 35 of the Annual Financial Statements; to consider Messrs RSM UK Audit LLP be reappointed as Auditors to the Company; to consider the Directors be authorised to approve the remuneration of the Company's Auditors; to consider Michael Kirkwood shall be re-elected as a Director, having retired by rotation and offered himself for re-election; and to consider other business matters.분석 기사 • Jun 22Bushveld Minerals (LON:BMN) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Breakeven Date Change • Jun 22Forecast to breakeven in 2025The 3 analysts covering Bushveld Minerals expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 79% per year to 2024. The company is expected to make a profit of US$7.31m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.공시 • Jun 21+ 2 more updatesBushveld Minerals Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2023Bushveld Minerals Limited announced that they will report fiscal year 2022 final results on Jun 23, 2023Price Target Changed • Apr 30Price target decreased by 19% to UK£0.13Down from UK£0.16, the current price target is an average from 2 analysts. New target price is 231% above last closing price of UK£0.039. Stock is down 60% over the past year. The company is forecast to post a net loss per share of US$0.01 next year compared to a net loss per share of US$0.034 last year.Price Target Changed • Nov 16Price target decreased to UK£0.21Down from UK£0.26, the current price target is an average from 2 analysts. New target price is 312% above last closing price of UK£0.051. Stock is down 50% over the past year. The company is forecast to post a net loss per share of US$0.0068 next year compared to a net loss per share of US$0.034 last year.분석 기사 • Sep 16Does Bushveld Minerals (LON:BMN) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Sep 14First half 2022 earnings released: EPS: US$0 (vs US$0.015 loss in 1H 2021)First half 2022 results: EPS: US$0 (improved from US$0.015 loss in 1H 2021). Revenue: US$76.2m (up 224% from 1H 2021). Net loss: US$6.28m (loss narrowed 30% from 1H 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Metals and Mining industry in the United Kingdom.Price Target Changed • Aug 31Price target decreased to UK£0.19Down from UK£0.26, the current price target is an average from 2 analysts. New target price is 214% above last closing price of UK£0.06. Stock is down 50% over the past year. The company posted a net loss per share of US$0.034 last year.Reported Earnings • Jul 01Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: US$0.034 loss per share (down from US$0.031 loss in FY 2020). Revenue: US$106.9m (up 19% from FY 2020). Net loss: US$40.8m (loss widened 11% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 52%, compared to a 17% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Board Change • Jun 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director David Noko was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Dec 08What Does The Future Hold For Bushveld Minerals Limited (LON:BMN)? These Analysts Have Been Cutting Their EstimatesOne thing we could say about the analysts on Bushveld Minerals Limited ( LON:BMN ) - they aren't optimistic, having...Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$119.4m to US$107.4m. EPS estimate unchanged from -US$0.049 per share at last update. Metals and Mining industry in the United Kingdom expected to see average net income decline 2.2% next year. Consensus price target down from UK£0.30 to UK£0.26. Share price fell 3.7% to UK£0.092 over the past week.Price Target Changed • Oct 07Price target decreased to UK£0.30Down from UK£0.32, the current price target is an average from 2 analysts. New target price is 211% above last closing price of UK£0.097. Stock is down 12% over the past year.분석 기사 • Sep 30We Think Bushveld Minerals (LON:BMN) Has A Fair Chunk Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Sep 29First half 2021 earnings released: US$0.015 loss per share (vs US$0.01 loss in 1H 2020)The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$47.0m (up 9.2% from 1H 2020). Net loss: US$17.9m (loss widened 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.분석 기사 • Jul 30We Discuss Why Bushveld Minerals Limited's (LON:BMN) CEO Compensation May Be Closely ReviewedShareholders will probably not be too impressed with the underwhelming results at Bushveld Minerals Limited ( LON:BMN...Price Target Changed • Jul 22Price target increased to UK£0.32Up from UK£0.29, the current price target is an average from 2 analysts. New target price is 165% above last closing price of UK£0.12. Stock is down 0.2% over the past year.Major Estimate Revision • Feb 25Analysts update estimatesThe 2020 consensus revenue estimate was lowered from US$113.5m to US$92.8m. Earning per share (EPS) estimate was unchanged from the last update at -US$0.023. The Metals and Mining industry in the United Kingdom is expected to see an average net income growth of 87% next year. The consensus price target was lowered from UK£0.30 to UK£0.29. Share price is up 5.1% to UK£0.18 over the past week.분석 기사 • Feb 24These Analysts Think Bushveld Minerals Limited's (LON:BMN) Sales Are Under ThreatToday is shaping up negative for Bushveld Minerals Limited ( LON:BMN ) shareholders, with the analysts delivering a...Recent Insider Transactions • Feb 19Independent Non-Executive Chairman recently sold UK£186k worth of stockOn the 17th of February, Ian Watson sold around 1m shares on-market at roughly UK£0.17 per share. This was the largest sale by an insider in the last 3 months. This was Ian's only on-market trade for the last 12 months.Is New 90 Day High Low • Jan 07New 90-day high: UK£0.21The company is up 94% from its price of UK£0.11 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 34% over the same period.Is New 90 Day High Low • Jan 04New 90-day high: UK£0.21The company is up 88% from its price of UK£0.11 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: UK£0.20The company is up 73% from its price of UK£0.12 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 25% over the same period.분석 기사 • Dec 11We're Not Counting On Bushveld Minerals (LON:BMN) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...분석 기사 • Nov 20Is Bushveld Minerals' (LON:BMN) Share Price Gain Of 288% Well Earned?Bushveld Minerals Limited (LON:BMN) shareholders might be concerned after seeing the share price drop 13% in the last...Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total profits of US$29.7m, down 19% from the prior year. Total revenue was US$81.6m over the last 12 months, down 56% from the prior year.매출 및 비용 세부 내역Bushveld Minerals가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이AIM:BMN 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Jun 24108-11727031 Mar 24123-11028031 Dec 23137-10430030 Sep 23121-7128030 Jun 23127-4328031 Mar 23138-4129031 Dec 22148-3930030 Sep 22142-2929030 Jun 22136-1828031 Mar 22121-2628031 Dec 21107-3327030 Sep 21100-3527030 Jun 2194-3827031 Mar 2192-3426031 Dec 2090-3125030 Sep 2086026030 Jun 20823026031 Mar 20994629031 Dec 191176232030 Sep 191514937030 Jun 191863741031 Mar 191893339031 Dec 181923037030 Jun 18871217031 Mar 1845511031 Dec 173-15031 Aug 170-111031 May 170-61028 Feb 170-22030 Nov 160-21031 Aug 160-10031 May 160-21029 Feb 160-22030 Nov 150-33031 Aug 150-34031 May 150-44028 Feb 150-45030 Nov 140-34031 Aug 140-14031 May 140-130양질의 수익: BMN 은(는) 현재 수익성이 없습니다.이익 마진 증가: BMN는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BMN은 수익성이 없으며 지난 5년 동안 손실이 연평균 62.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BMN의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BMN은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(94.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BMN의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/02/15 19:04종가2024/11/18 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bushveld Minerals Limited는 8명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullBMO Capital Markets Equity ResearchAlexander Robert PearceBMO Capital Markets Equity ResearchThomas MartinBNP Paribas5명의 분석가 더 보기
Reported Earnings • Jun 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.074 loss per share (further deteriorated from US$0.031 loss in FY 2022). Revenue: US$137.5m (down 7.4% from FY 2022). Net loss: US$103.9m (loss widened 167% from FY 2022). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 02First half 2023 earnings released: US$0.011 loss per share (vs US$0.003 loss in 1H 2022)First half 2023 results: US$0.011 loss per share (further deteriorated from US$0.003 loss in 1H 2022). Revenue: US$78.4m (up 2.9% from 1H 2022). Net loss: US$14.1m (loss widened 321% from 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 47% per year.
공시 • Jun 21+ 2 more updatesBushveld Minerals Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2023Bushveld Minerals Limited announced that they will report fiscal year 2022 final results on Jun 23, 2023
Reported Earnings • Sep 14First half 2022 earnings released: EPS: US$0 (vs US$0.015 loss in 1H 2021)First half 2022 results: EPS: US$0 (improved from US$0.015 loss in 1H 2021). Revenue: US$76.2m (up 224% from 1H 2021). Net loss: US$6.28m (loss narrowed 30% from 1H 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Metals and Mining industry in the United Kingdom.
Reported Earnings • Jul 01Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: US$0.034 loss per share (down from US$0.031 loss in FY 2020). Revenue: US$106.9m (up 19% from FY 2020). Net loss: US$40.8m (loss widened 11% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 52%, compared to a 17% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 29First half 2021 earnings released: US$0.015 loss per share (vs US$0.01 loss in 1H 2020)The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$47.0m (up 9.2% from 1H 2020). Net loss: US$17.9m (loss widened 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
공시 • Dec 17Bushveld Minerals Limited Provides Update on Extended Plant Maintenance Shutdown At VametcoBushveld Minerals Limited informed by the Piers Marsden and Jenna Osborne of Matuson & Associates (Joint BRPs) that they have commenced an extended plant maintenance shutdown at Vametco, which will continue until end-March 2025. The shutdown aims to rebase the business to optimise the turnaround by fixing the critical parts of the business that will efficiently generate revenue and ensure future sustainability. This period will allow sufficient time to plan, procure, and install critical components for the maintenance and sustainable operation of the plant. Once the plant is back online, it is anticipated its reliability will be enhanced, and it will operate close to full capacity.
New Risk • Oct 28New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£7.51m (US$9.74m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-US$39m). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (UK£7.51m market cap, or US$9.74m).
공시 • Oct 18An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100.An undisclosed buyer agreed to acquire Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) on July 31, 2024. Bushveld Minerals received approval from the Development Bank of South Africa to dispose of Lemur Holdings Limited, including its $2.5 million debt. The disposal remains subject to certain outstanding conditions being met. An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100 on October 18, 2024. As a result of the completion of the Disposal, Bushveld is no longer liable for the outstanding $2.5 million debt owed to DBSA. Richard Morrison, Charlie Bouverat, Grant Barker, Abigail Wayne of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN).
New Risk • Sep 18New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$39m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Negative equity (-US$39m). Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£10.4m market cap, or US$13.7m).
분석 기사 • Sep 15The Market Doesn't Like What It Sees From Bushveld Minerals Limited's (LON:BMN) Revenues Yet As Shares Tumble 30%The Bushveld Minerals Limited ( LON:BMN ) share price has fared very poorly over the last month, falling by a...
공시 • Jul 31Bushveld Minerals Limited Provides Production Guidance for the Year 2024Bushveld Minerals Limited provided production guidance for the year 2024. For the year, the Group production guidance will be between 3,800 mtV and 4,000 mtV.
공시 • Jul 13Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024. Location: oak house, hirzel street, st peter port, gy1 3rh, Guernsey
분석 기사 • Jul 03Slammed 38% Bushveld Minerals Limited (LON:BMN) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the Bushveld Minerals Limited ( LON:BMN ) share price has dived 38% in the last...
New Risk • Jul 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£14.1m market cap, or US$17.8m).
Reported Earnings • Jun 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.074 loss per share (further deteriorated from US$0.031 loss in FY 2022). Revenue: US$137.5m (down 7.4% from FY 2022). Net loss: US$103.9m (loss widened 167% from FY 2022). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.
공시 • Apr 23Bushveld Minerals Limited Provides an Updated Mineral Resources and Ore Reserves for the Vametco Vanadium Mine Near Britishs on the Western Limb of the Bushveld ComplexBushveld Minerals Limited provided an updated Mineral Resources and Ore Reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex. The resources and reserve estimation was carried out by MSA Group Inc. in accordance with the terminology and definitions given in the JORC Code (2012). Key Highlights: The total Ore Reserves have increased by approximately 10% from the previous Ore Reserve estimate as at 31 December 2022. The Ore Reserves are reported as at the 31 December 2023 at 293,400 tonnes V2O5 in magnetite at a grade of 2.00% V2O5 (in magnetite). The combined Inferred and Indicated Mineral Resource comprises 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as at the 31 December 2023 at 180.4 million tonnes (Mt) at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 694.6 thousand tonnes of contained vanadium. The previously reported combined Inferred and Indicated Mineral Resource, as a 31 December 2022, was 181.5 Mt at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 699.0 thousand tonnes of contained vanadium. Within this, the Ore Reserve in the Probable Category comprise 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as 51.0 Mt at an average grade of 2.00% V2O5 (in magnetite), with an average magnetite content of 28.9% (in whole rock) for 164,300 tonnes of vanadium. The Lower Seam is the main ore seam and the thickest, ranging from 13.8 to 52.0 metres in thickness, comprising a Probable Reserve of 41.2 Mt at an average grade of 2.03% V2O5 (in magnetite), with an average magnetite content of 28.2% (in whole rock) for 132,200 tonnes of vanadium. The decrease in the total 2023 Mineral Resource, by 0.61% less tonnes than the 31 December 2022 estimate, is attributed to mining of the seams over the last 12 months. No Mineral Resource exploration was carried out over the period. The year-on-year depletion which was calculated to be 1.1 Mt, was offset by an increase in tonnage through improved definition of the existing pit design (1.7 Mt) and an adjustment to the modifying factors (4.1 Mt), resulting in an increase in the total Ore Reserves from 46.4 Mt to 51.0 Mt as at 31 December 2023. The Ore Reserve modifying factors (mining loss and dilution) were adjusted based on pit to plant reconciliation production data supplied by Bushveld Vametco Alloys (Pty). Ltd. This resulted in a significant increase in the Upper Seam ore tonnes from 36.2 Mt to 41.2 Mt.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£25.0m market cap, or US$31.1m).
분석 기사 • Mar 24The Market Doesn't Like What It Sees From Bushveld Minerals Limited's (LON:BMN) Revenues Yet As Shares Tumble 28%Unfortunately for some shareholders, the Bushveld Minerals Limited ( LON:BMN ) share price has dived 28% in the last...
Breakeven Date Change • Feb 01Forecast breakeven date moved forward to 2024The 2 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$10.9m in 2024. Average annual earnings growth of 63% is required to achieve expected profit on schedule.
분석 기사 • Jan 23Positive Sentiment Still Eludes Bushveld Minerals Limited (LON:BMN) Following 33% Share Price SlumpBushveld Minerals Limited ( LON:BMN ) shares have had a horrible month, losing 33% after a relatively good period...
공시 • Dec 21Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023. Bushveld will issue 232.83 million shares along with payment of ZAR 18 million in cash to BVI 1833.Completion of the Transaction also secures fulfilment of a key condition precedent to the Orion Convertible Loan Note Refinancing agreement, announced on 27 November 2023.The Transaction is subject to South African Reserve Bank approval, which is expected to be received within 6 weeks. As on December 19, 2023, Bushveld Minerals has met all the necessary conditions and received final approval from the South African Reserve Bank. Completion of the Transaction will take place on the later of the fifth business day following SARB approval being granted or the Company publishing an announcement to confirm completion of the Company's debt restructuring transaction. Following completion of the Transaction, BVH will apply to the Minister of Mineral Resources and Energy to amend and update the BVH Mining Right to reflect the updated ownership structure. Richard Morrison, Charlie Bouverat, Grant Baker, Richard Parlons of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN). Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on December 19, 2023.
공시 • Dec 14Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million.Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 486,038,755 Price\Range: £0.03 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,451,114 Price\Range: £0.03 Transaction Features: Subsequent Direct Listing
New Risk • Dec 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£44.2m market cap, or US$55.3m).
공시 • Dec 01Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million.Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 530,000,000 Price\Range: £0.03 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 66,666,667 Price\Range: £0.03 Transaction Features: Subsequent Direct Listing
공시 • Nov 30Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023, at 10:00 Coordinated Universal Time.
Breakeven Date Change • Nov 28Forecast breakeven date pushed back to 2025The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 58% per year to 2024. The company is expected to make a profit of US$5.01m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule.
Board Change • Nov 22High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non Executive Chairman & Senior Independent Non-Executive Director Michael Kirkwood is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • Nov 18Bushveld Minerals Limited Announces Executive ChangesThe board of Bushveld Minerals announced that Ms. Tanya Chikanza, finance director has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice. The board further announced that the company is investigating Ms. Chikanza regarding alleged misconduct relating to failure to disclose a material conflict of interest. Given Ms. Chikanza's resignation, the company has suspended her from her contractual appointment with immediate effect, pending the outcome of an independent disciplinary process that will now follow. Ms. Janandre Lamprecht will assume the role of acting chief financial officer and the company will initiate a comprehensive search for a replacement Finance Director. Ms. Lamprecht is a Chartered Accountant who began her career at PricewaterhouseCoopers and has extensive experience in the mining industry having worked for listed international mining houses in multiple jurisdictions. Ms. Lamprecht has been with the Company since August 2022 and previously led the Group's financial accounting, reporting and tax functions.
공시 • Nov 17Bushveld Minerals Limited Announces Resignation of Tanya Chikanza as Board MemberThe board of Bushveld Minerals announces that Ms. Tanya Chikanza, board member has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice.
Breakeven Date Change • Nov 06Forecast breakeven date moved forward to 2024The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$5.01m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule.
New Risk • Nov 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (UK£21.0m market cap, or US$25.4m).
Breakeven Date Change • Oct 31No longer forecast to breakevenThe 4 analysts covering Bushveld Minerals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$13.2m in 2025. New consensus forecast suggests the company will make a loss of US$3.97m in 2025.
공시 • Oct 31Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023.
Major Estimate Revision • Oct 05Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$147.8m to US$146.0m. Losses expected to increase from US$0.027 per share to US$0.041. Metals and Mining industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target down from UK£0.073 to UK£0.056. Share price fell 3.3% to UK£0.015 over the past week.
Major Estimate Revision • Oct 03Consensus EPS estimates fall by 156%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$141.8m to US$145.9m. Forecast EPS reduced from -US$0.011 to -US$0.029 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target down from UK£0.089 to UK£0.073. Share price fell 8.8% to UK£0.015 over the past week.
Reported Earnings • Oct 02First half 2023 earnings released: US$0.011 loss per share (vs US$0.003 loss in 1H 2022)First half 2023 results: US$0.011 loss per share (further deteriorated from US$0.003 loss in 1H 2022). Revenue: US$78.4m (up 2.9% from 1H 2022). Net loss: US$14.1m (loss widened 321% from 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 47% per year.
공시 • Sep 13Bushveld Minerals Limited announced that it has received $12.5 million in fundingBushveld Minerals Limited announced that it has raised $12.5 million in an equity round of funding on September 11, 2023. The transaction included participation from Southern Point Resources.
Breakeven Date Change • Aug 14Forecast breakeven date moved forward to 2024The 4 analysts covering Bushveld Minerals previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 59% to 2023. The company is expected to make a profit of US$1.63m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
Major Estimate Revision • Jun 30Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$192.1m to US$163.0m. Forecast losses increased from -US$0.0051 to -US$0.0098 per share. Metals and Mining industry in the United Kingdom expected to see average net income growth of 9.5% next year. Consensus price target of UK£0.13 unchanged from last update. Share price rose 18% to UK£0.03 over the past week.
공시 • Jun 27Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023, at 11:00 Coordinated Universal Time. Location: Oak House, Hirzel Street, St Peter Port, Guernsey, GY1 3RH St Peter Port Guernsey Agenda: To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2022; To approve the Directors' fees as reflected in the Remuneration Report and in note 35 of the Annual Financial Statements; to consider Messrs RSM UK Audit LLP be reappointed as Auditors to the Company; to consider the Directors be authorised to approve the remuneration of the Company's Auditors; to consider Michael Kirkwood shall be re-elected as a Director, having retired by rotation and offered himself for re-election; and to consider other business matters.
분석 기사 • Jun 22Bushveld Minerals (LON:BMN) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Breakeven Date Change • Jun 22Forecast to breakeven in 2025The 3 analysts covering Bushveld Minerals expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 79% per year to 2024. The company is expected to make a profit of US$7.31m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
공시 • Jun 21+ 2 more updatesBushveld Minerals Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2023Bushveld Minerals Limited announced that they will report fiscal year 2022 final results on Jun 23, 2023
Price Target Changed • Apr 30Price target decreased by 19% to UK£0.13Down from UK£0.16, the current price target is an average from 2 analysts. New target price is 231% above last closing price of UK£0.039. Stock is down 60% over the past year. The company is forecast to post a net loss per share of US$0.01 next year compared to a net loss per share of US$0.034 last year.
Price Target Changed • Nov 16Price target decreased to UK£0.21Down from UK£0.26, the current price target is an average from 2 analysts. New target price is 312% above last closing price of UK£0.051. Stock is down 50% over the past year. The company is forecast to post a net loss per share of US$0.0068 next year compared to a net loss per share of US$0.034 last year.
분석 기사 • Sep 16Does Bushveld Minerals (LON:BMN) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Sep 14First half 2022 earnings released: EPS: US$0 (vs US$0.015 loss in 1H 2021)First half 2022 results: EPS: US$0 (improved from US$0.015 loss in 1H 2021). Revenue: US$76.2m (up 224% from 1H 2021). Net loss: US$6.28m (loss narrowed 30% from 1H 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Metals and Mining industry in the United Kingdom.
Price Target Changed • Aug 31Price target decreased to UK£0.19Down from UK£0.26, the current price target is an average from 2 analysts. New target price is 214% above last closing price of UK£0.06. Stock is down 50% over the past year. The company posted a net loss per share of US$0.034 last year.
Reported Earnings • Jul 01Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: US$0.034 loss per share (down from US$0.031 loss in FY 2020). Revenue: US$106.9m (up 19% from FY 2020). Net loss: US$40.8m (loss widened 11% from FY 2020). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 52%, compared to a 17% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Board Change • Jun 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director David Noko was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Dec 08What Does The Future Hold For Bushveld Minerals Limited (LON:BMN)? These Analysts Have Been Cutting Their EstimatesOne thing we could say about the analysts on Bushveld Minerals Limited ( LON:BMN ) - they aren't optimistic, having...
Major Estimate Revision • Dec 08Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$119.4m to US$107.4m. EPS estimate unchanged from -US$0.049 per share at last update. Metals and Mining industry in the United Kingdom expected to see average net income decline 2.2% next year. Consensus price target down from UK£0.30 to UK£0.26. Share price fell 3.7% to UK£0.092 over the past week.
Price Target Changed • Oct 07Price target decreased to UK£0.30Down from UK£0.32, the current price target is an average from 2 analysts. New target price is 211% above last closing price of UK£0.097. Stock is down 12% over the past year.
분석 기사 • Sep 30We Think Bushveld Minerals (LON:BMN) Has A Fair Chunk Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Sep 29First half 2021 earnings released: US$0.015 loss per share (vs US$0.01 loss in 1H 2020)The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$47.0m (up 9.2% from 1H 2020). Net loss: US$17.9m (loss widened 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
분석 기사 • Jul 30We Discuss Why Bushveld Minerals Limited's (LON:BMN) CEO Compensation May Be Closely ReviewedShareholders will probably not be too impressed with the underwhelming results at Bushveld Minerals Limited ( LON:BMN...
Price Target Changed • Jul 22Price target increased to UK£0.32Up from UK£0.29, the current price target is an average from 2 analysts. New target price is 165% above last closing price of UK£0.12. Stock is down 0.2% over the past year.
Major Estimate Revision • Feb 25Analysts update estimatesThe 2020 consensus revenue estimate was lowered from US$113.5m to US$92.8m. Earning per share (EPS) estimate was unchanged from the last update at -US$0.023. The Metals and Mining industry in the United Kingdom is expected to see an average net income growth of 87% next year. The consensus price target was lowered from UK£0.30 to UK£0.29. Share price is up 5.1% to UK£0.18 over the past week.
분석 기사 • Feb 24These Analysts Think Bushveld Minerals Limited's (LON:BMN) Sales Are Under ThreatToday is shaping up negative for Bushveld Minerals Limited ( LON:BMN ) shareholders, with the analysts delivering a...
Recent Insider Transactions • Feb 19Independent Non-Executive Chairman recently sold UK£186k worth of stockOn the 17th of February, Ian Watson sold around 1m shares on-market at roughly UK£0.17 per share. This was the largest sale by an insider in the last 3 months. This was Ian's only on-market trade for the last 12 months.
Is New 90 Day High Low • Jan 07New 90-day high: UK£0.21The company is up 94% from its price of UK£0.11 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 34% over the same period.
Is New 90 Day High Low • Jan 04New 90-day high: UK£0.21The company is up 88% from its price of UK£0.11 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: UK£0.20The company is up 73% from its price of UK£0.12 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 25% over the same period.
분석 기사 • Dec 11We're Not Counting On Bushveld Minerals (LON:BMN) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
분석 기사 • Nov 20Is Bushveld Minerals' (LON:BMN) Share Price Gain Of 288% Well Earned?Bushveld Minerals Limited (LON:BMN) shareholders might be concerned after seeing the share price drop 13% in the last...
Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total profits of US$29.7m, down 19% from the prior year. Total revenue was US$81.6m over the last 12 months, down 56% from the prior year.