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AMG - Oktober 2019

1.154 Posts
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  1. Ray85 30 oktober 2019 18:11
    quote:

    Piet Bakker schreef op 30 oktober 2019 18:08:

    Prima cijfers?
    Verlies per aandeel 60 ct.
    Het is bagger maar die plaat voor de kop is vastgeroest bij een aantal. Stockholm syndroom.
  2. Gerard M. 30 oktober 2019 18:11
    Iedereen weet dat het dieptepunt achter ons ligt.

    We kunnen vooruitkijken, daarom zal de koers ook vooruit beginnen te kijken.
  3. WinstPercentage 30 oktober 2019 18:12
    dit was de verwachting van ING

    Advanced Metallurgical Group heeft in het derde kwartaal van 2019 vermoedelijk de EBITDA en de winst per aandeel fors zien dalen, door de lagere metaalprijzen. Dit verwachten de analisten van ING.

    ING gaat uit van een EBITDA van 21,7 miljoen dollar dit kwartaal, tegenover 59,1 miljoen dollar vorig jaar, een daling van 63 procent. De marktconsensus ligt op 23,1 miljoen dollar.

    Met name de prijs van ferro-vanadium zakte met 62 procent op jaarbasis.

    Voor de winst per aandeel liggen de verwachtingen van de analisten van ING op 0,13 dollar per aandeel. Daarmee is ING positiever dan het marktgemiddelde, dat uitgaat van 0,02 dollar per aandeel. Vorig jaar was de winst por aandeel nog 0,98 dollar per aandeel.

    Voor het het hele jaar ligt de consensus voor de EBITDA tussen de 119,6 en 124,2 miljoen dollar. Dit ligt in lijn met de prognose van ING van 121 miljoen dollar.
  4. Piet Bakker 30 oktober 2019 18:15
    Assuming continued weak market conditions, our target for 2020 is to improve profitability relative to 2019.

    Prognose voor 2020 dus ook al losgelaten.
  5. [verwijderd] 30 oktober 2019 18:16
    Uitbodemen

    Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, “The unprecedented fall in all critical materials prices across the AMG portfolio has been a major challenge. This negative trend appears to be bottoming out as higher cost producers are experiencing negative cash flows in the vanadium, tantalum, graphite, silicon metal and spodumene industries.
  6. FM70 30 oktober 2019 18:17
    Niet volgens het bericht op IEX van 10:20. Daar staat toch echt 21,7 mln EURO
  7. Gerard M. 30 oktober 2019 18:18
    quote:

    Vegt schreef op 30 oktober 2019 18:16:

    Uitbodemen

    Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, “The unprecedented fall in all critical materials prices across the AMG portfolio has been a major challenge. This negative trend appears to be bottoming out as higher cost producers are experiencing negative cash flows in the vanadium, tantalum, graphite, silicon metal and spodumene industries.
    Lekker de concurrentie uitmoorden. Win win naar voren.
  8. forum rang 10 DeZwarteRidder 30 oktober 2019 18:20
    AMG Advanced Metallurgical Group N.V. Reports Third Quarter 2019 Results

    Strategic Highlights

    AMG commenced the construction of a new catalyst recycling facility in Ohio which will double our spent catalyst recycling capacity to 60,000 tons; to finance the expansion, AMG closed on a tax-exempt bond, generating proceeds of $325 million
    AMG signed a multi-year offtake agreement with Glencore AG to reduce marketing risk and improve working capital management
    AMG entered into a 50/50 joint venture for the global expansion of catalyst recycling services; upon obtaining the necessary regulatory approvals, the joint venture company, Shell & AMG Recycling B.V., will service the rapidly expanding spent resid catalyst market
    AMG formed AMG Technologies to integrate its aerospace business units; as part of its growth strategy, AMG Technologies signed a definitive agreement to acquire the assets of International Specialty Alloys (located in New Castle, PA) from Kennametal Inc.

    Financial Highlights

    AMG completed its share repurchase program which returned $89.9 million to shareholders in 2019
    Revenue decreased by 18% to $269.9 million in the third quarter 2019 from $328.1 million in the third quarter 2018
    EBITDA(2) was $24.4 million in the third quarter 2019, a 59% decrease compared to the same period in 2018
    Annualized return on capital employed was 16.1% in the third quarter 2019, as compared to 32.8% in the third quarter 2018

    Amsterdam, 30 October 2019 (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) reported third quarter 2019 revenue of $269.9 million, an 18% decrease from $328.1 million in the third quarter 2018. EBITDA for the third quarter 2019 was $24.4 million, a 59% decrease from $59.1 million in the third quarter 2018, largely due to lower ferrovanadium prices versus the third quarter of last year. EBIT decreased 73% to $13.9 million in the third quarter 2019 from $50.8 million in the third quarter 2018.

    Revenue dropped 18% in the third quarter 2019, driven by a significant metal price decline across our portfolio. The 59% decrease in EBITDA to $24.4 million was largely due to the Critical Materials segment, which achieved an EBITDA of $8.8 million in the third quarter 2019. That drop is almost entirely explained by the decreased pricing of ferrovanadium, as well as lower chrome metal margin and lower silicon prices. AMG Technologies achieved an EBITDA of $15.6 million, a 15% decrease from the third quarter of 2018, due to lower profitability in the Titanium Alloys and Coatings business.

    Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, “The unprecedented fall in all critical materials prices across the AMG portfolio has been a major challenge. This negative trend appears to be bottoming out as higher cost producers are experiencing negative cash flows in the vanadium, tantalum, graphite, silicon metal and spodumene industries.

    We continue to focus on the things we can control. We have made significant strategic achievements in the quarter, which included signing a long-term offtake agreement with Glencore, mitigating our sales exposure; securing a tax-exempt bond, generating proceeds of $325 million to build a second catalyst recycling facility in Ohio; signing a joint venture agreement with Shell Catalysts & Technologies for the global expansion of spent catalyst recycling services; and acquiring International Specialty Alloys, Inc., located in New Castle, PA, as a platform to produce several of our advanced metal alloy product lines in the United States.”
  9. [verwijderd] 30 oktober 2019 18:23
    quote:

    bezinteergebelegt schreef op 30 oktober 2019 18:18:

    Morgen min 20 procent. Op naar 18
    Wat maken deze cijfers zo veel slechter dan een winstalarm uit het niets 1 kwartaal eerder?
  10. Piet Bakker 30 oktober 2019 18:23
    Maar het allerbelangrijkst is volgens mij dit zinnetje.

    quote:

    Piet Bakker schreef op 30 oktober 2019 18:15:

    Assuming continued weak market conditions, our target for 2020 is to improve profitability relative to 2019.

    Prognose voor 2020 dus ook al losgelaten.
  11. forum rang 10 DeZwarteRidder 30 oktober 2019 18:25
    A summary of exceptional items included in gross profit in the third quarters of 2019 and 2018 are below:

    Exceptional items included in gross profit
    Q3 ‘19 Q3 ‘18 Change
    Gross profit $24,907 $79,555 (69%)
    Inventory cost adjustment 21,112 – N/A
    Restructuring expense 732 349 110%
    Asset impairment expense 298 4,232 (93%)
    Gross profit excluding exceptional items 47,049 84,136 (44%)

    AMG had a $21.1 million exceptional non-cash expense for vanadium, lithium and tantalum inventory cost adjustments as a result of a significant decline in prices for those materials. Therefore, it impacted our inventory cost position and resulted in a non-cash balance sheet adjustment which has been adjusted in EBITDA.
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