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Fox Marble – interims and arbitration update, risk/reward buy?

2021-10-12 08:30:45

Fox Marble (FOX) has announced half-year results and on its United Nations Commission on International Trade (UNCITRAL) arbitration proceedings against the Republic of Kosovo that it is “pleased to receive Mr Wordsworth QC's opinion in support of our case”.


Fox Marble – further new local order, remains a Buy

2021-03-28 12:13:47

Fox Marble (FOX) has announced a new order “to deliver cut and finished paving tiles for installation in the first stage of the redevelopment of the town square in Kamenica, eastern Kosovo” and that it looks forward to updating the market as it continues to win more new business this year. So what’s the detail and outlook her


Fox Marble appoints QC and hires Kroll on legal claim - BUY to possibly double

2021-03-19 11:04:04

Remember that Fox Marble (FOX) is now fully funded to pursue a legal claim against the Republic of Kosovo for – under a previous regime – allowing one of its mines to be half inched. Legal giants Dentons were already on board now it has hired top barrister Simon Nesbitt QC from the Maitland Chambers to argue its case.


Fox Marble – operating update sees “green shoots of recovery”...

2021-02-19 16:25:00

Fox Marble (FOX) has announced an operating update on a tough 2020 but that it is starting to see some green shoots of recovery. The buy case is intact...


Fox Marble – a recovery buy?

2020-10-22 16:40:00

But hasn’t marble quarrier in Kosovo and the Balkans Fox Marble (FOX) been a long-term disappointer now? Well yes… but we suggest recently announced depressed half-year numbers but recovery signs could mean a material  and rapid recovery from a now depressed £6.5 million market cap...


Fox Marble – “Strategy Update” sees some more confidence return

2020-02-26 09:00:00

Updating on Fox Marble (FOX) earlier this month, we noted we retain the patience for at least continuing to hold with the shares at 2.30p with the potential arbitration and it mitigating a forced quarry operations suspension with increased focus on the sales of processed material from the factory and “further contracts for third party processing are expected to be signed in the near future”. Further updates have now helped the shares to a current 2.90p…


Fox Marble – “block processing factory to double capacity due to strong demand”…- Light at the end of the tunnel at last?

2020-01-25 18:05:22

Fox Marble (FOX) “is pleased to announce that as a result of rising client demand the company's factory at Lipjan in Kosovo has moved to two daily production shifts”


Fox Marble – acquisitions dispute escalates, Malesheva quarry operations suspended

2019-07-23 08:40:23

Updating on Fox Marble (FOX) last month we noted enforceability of acquisition agreements challenged – though it believing the claims to be wholly unfounded. It now re-emphasises this “based on legal advice”, though “has suspended operations in its Malesheva quarry in Kosovo pending a resolution to the dispute”


Fox Marble – a further agreement further builds sales momentum…BUY

2019-07-07 15:44:40

Fox Marble (FOX) “is pleased to announce it has entered into a new sales agreement with a customer based in China”


Fox Marble – after biggest single order for Alexandrian White marble earlier this month…BUY

2019-06-22 18:04:42

Previously writing on Fox Marble (FOX), earlier this month we noted operational momentum with its biggest single order for Alexandrian White marble. Now the company “is pleased to announce the largest single order of its highly prized Illirico Selene marble from the Maleshevë quarry in Kosovo”


Fox Marble – tidy-up acquisitions, remains a long-term buy

2019-04-07 09:59:12

Fox Marble (FOX) “is pleased to announce that it has conditionally acquired Green Power Sh.p.k the licence holder of the Maleshevë quarry and Scope Sh.p.k., a company through which Fox Marble has entered into two hire purchase agreements”


Fox Marble – production resumption with additional equipment and a new customer. All positive…

2019-03-06 09:32:25

Fox Marble (FOX) “is pleased to announce the resumption of production after the usual winter shut down in our Prilep quarry in Northern Macedonia” – and with the deployment of additional equipment and a new customer…


Fox Marble – sales agreement with expected value “in excess of €1 million over the next twelve months”, remains a buy

2019-01-22 02:00:00

“New Material and Orders” announcement from Fox Marble (FOX), emphasising Commercial extraction commenced of Alexandrian Blue marble from Prilep Quarry. 441 tonne order of Alexandrian Blue completed and paid in December 2018. Sales agreement entered into with an indicative value in excess of €1 million”...


Fox Marble – acquisition of joint venture partner adds to prospects - BUY

2018-10-13 07:48:08

Fox Marble (FOX) has announced the acquisition of its joint venture partner based at the Prilep Alpha Quarry, Macedonia and “look forward to seeing the benefits of our increased participation in the Prilep Alpha quarry feeding through to the bottom line going forward”. Hear, hear!...


Fox Marble – half-year results, positive about the outlook - BUY

2018-09-29 06:09:19

Fox Marble (FOX) has announced results for the first half of 2018 and that “the board is positive about the outlook for the company for the remainder of this year and into 2019”


Fox Marble – half-year update, progress being made

2018-08-06 08:00:49

Fox Marble (FOX) has updated on the first half of 2018 and that “as we move into the second half of the year our focus will remain on capitalising on growth, increasing our capacity and enhancing our product range in order to strengthen our position in the market”


Fox Marble – 2017 sales lower than hoped, but now looking forward to “significant growth” - BUY

2018-05-13 11:13:56

Kosovo and the Balkans region marble quarrier Fox Marble (FOX) has announced 2017 results, including that “sales have been lower than expected” but that it “has made important progress over the year… Our factory in Kosovo is now fully operational, we have entered into a number of promising sales agreements, and we are beginning to see momentum building in the demand for our marble”


Fox Marble – new factory installations add to potential

2018-04-23 02:43:01

Fox Marble (FOX) has announced new installations in its marble processing factory in Kosovo to “provide additional capacity to meet increased order flow and improve margins”.


Fox Marble - new sales deal, placing, debt for equity swap. All good news!

2018-01-04 03:55:34

I knew about this. I was an insider as well as a loyal shareholder. And for that reason I declined to make Fox Marble (FOX) one of my tips of the year. Otherwise I would have been sorely tempted. 2018 may well be the year of the Fox.


Fox Marble - director loan - hang on this is good news! Stance UPGRADE

2017-12-09 01:47:39

Fox Marble (FOX) has announced that it has received an unsecured loan of £500,000 from Roy Harrison OBE, a non-executive director of the Company - The interest rate is a very reasonable 5% and the loan can - and will - be repaid within two years.


Fox Marble – new US sale & further shipments to Turkey, momentum continuing to build: BUY

2017-11-24 01:27:09

Fox Marble (FOX) has announced “an important new sales channel for the company into the United States” and further sales under a previously announced agreement to Turkey. Good news on the Turkey front this Thanksgiving..


Fox Marble – completes a first sale from newly operational factory, momentum building

2017-10-26 08:00:05

At the end of last month we noted from marble quarrier in Kosovo and the Balkans region Fox Marble (FOX), with the shares then down to circa 7p, disappointing interim financials but some reasons for optimism. The company has now since followed a $500,000 receipt from a sales agreement with a “First consignment of marble to Marble Dino” announcement...


Fox Marble: the $500,000 cheque it said was in the post has arrived

2017-10-22 04:39:27

A piece of good news is posted by our friends in Kosovo, Fox Marble (FOX). It says that the advance payment of $500,000 it was promised by OM Enterprises , a leading tile manufacturer and distributor based in Calcutta has arrived. This is part of a deal announced on the 28 September 2017 when OM Enterprises agreed, to purchase 5,000 tonnes of material over three years. As part of the agreement, OM committed to a $500,000 advance payment.


Fox Marble: weak interims more than discounted - BUY

2017-09-30 09:27:59

Marble quarrier in Kosovo and the Balkans region, Fox Marble (FOX) has announced results for the first half of 2017, including “we have reduced the estimate of the amount of our order book we expect to realise in 2017”, but that “the board is positive about the outlook for the company for the remainder of this year and into 2018”. it is a mixed bag from a company that has missed targets far too often. So I can understand why some investors are saying that enough is enough and why the shares have slipped to 6.75p-7.5p.  But 


Fox Marble , shares down on Beaufort appointment - unfair but the RNS is a lie from a brain dead PR firm

2017-07-14 05:59:55

Shares in Fox Marble (FOX) fell by almost 10% to 8.25p-8.5p on the back of news that it had appointed Beaufort Securities, Belfort Secs to its legion of admirers, as the company's joint broker. The assumption is that Belfort, whose clients are mainly bucket shops, will be doing a discounted placing. that is not the case, Fox has enough cash to get it through to profitability but Belfort's reputation proceeds it. Fox has gone on the record to say there is no placing.


Fox Marble AGM - a Truly Mixed bag - on balance BUY

2017-07-05 01:33:47

It was a case of the good, the bad and the ugly but on balance there were a lot more goods than bads. Let's start with the ugly from the Fox Marble (FOX) AGM..


Fox Marble Results - 2017 will be THE year: Buy!

2017-06-08 05:31:48

Fox Marble (FOX) has announced its Preliminary Results for the year ended 31 December 2016. The company reported a loss of €2.76 million on sales of €0.80 million, compared to a loss of €3.03 million and €0.23 million respectively. in 2015. So far so bad. But...


Video: Chris Gilbert, CEO of Fox Marble, speaks at UK Investor Show 2017

2017-04-05 01:14:30

In this video from the storming success that was the 2017 UK Investor Show Chris Gilbert, CEO of Fox Marble (FOX), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.


Fox Marble - Oh Ye of little faith, stunning new Indian deal: Buy

2017-02-09 01:27:26

There were many who worried and sold. Oh ye of little faith, at long last Fox Marble (FOX) is starting to deliver real sales. We had news last week of a $300,000 order in the UK and Australia now there is a really big deal that has been announced.


Good News from Fox Marble - it makes a pleasant change

2017-02-03 03:46:40

Just a quick note following a “New Orders and Specifications” announcement from Fox Marble(FOX). Yes this is an upbeat statement. It had to happen one day!


Fox & Eboracum Marble - lets sort this out

2017-01-16 01:05:09

I have been alerted by various folk to the fact that a Fox Marble (FOX) customer Eboracum Marble has a First Gazette notice out against it which, according to the knockers, means it is going bust/is a fraud and that Fox will issue a profits warning. This has seen the shares drift to 7.75p. Sometimes before you hit the sell button it pays to make a few phone calls. Which is why you should buy the shares today.


Fox Marble warns again but we really do think this is the nadir

2016-12-15 02:39:27

Another day, another disappointing update from Balkans region quarrier Fox Marble (FOX) – with “the conversion of orders into delivered sales has taken longer than anticipated… leaving our estimated sales number for full year 2016 lower than expected”. We’ve now spoken to CEO Chris Gilbert.


New Fox Marble JV - still a buy

2016-10-07 00:13:11

Kosovo and the Balkans region-focused marble company, Fox Marble (FOX) has announced participation in a “landmark venture formed with the Kosovo Government” aiming at “a world class new stone industry for Kosovo” and “a much wider marketing, sales and distribution platform” for Fox…


Fox Marble Interims - getting there: Buy

2016-09-23 01:24:09

Fox Marble (FOX) has announced results for the first half of 2016 – including admitted “disappointing” revenue of €0.262 million, but that the “board is positive about the outlook for the company for the remainder of this year and into 2017”.


Fox Marble - chat with CEO Chris Gilbert: nailing the conspiracists

2016-08-27 09:22:04

There are folks out there determined to suggest that something is not qu9ite right with Fox Marble (FOX). In one sense they are correct, Fox has missed a stack of targets. We know that and it is well and truly "in the price". The conspiracists quite simply maintain that Fox is built on smoke & mirrors. They are - I believe - wrong but their war on Fox has left the shares very cheap indeed.


Fox Marble - more good news than bad, master Yoda controls my anger

2016-08-21 06:10:33

The Star Wars imagery should tell you that this is Tom writing not Steve. The series of movies will be my specialist subject if I ever go on Mastermind. Enough geekery, you want to know about marble not that I am losing my marbles.Another day and another operational update from Fox Marble (FOX) sees, on balance, more good news than bad. We will get full interims for the half calendar year by the end of September but the trading update is full. Let's start with the bad.


Fox Marble Results - no shock we knew they would be poor: the shares remain a buy

2016-06-05 04:16:41

Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.


Some good news from Fox Marble...its about time!

2016-05-21 03:28:57

Fox Marble (FOX) has announced that its “order book has increased to €3.9 million for the year” and developments offering further potential.


Video: Chris Gilbert of Fox Marble at UK Investor Show

2016-05-15 02:31:32

This presentation has been somewhat overtaken by events - something Steve & I cover HERE - but Chris Gilbert gives a good explanation of the investment case none the less. Enjoy.


Fox Marble placing - we take part: the shares are a buy

2016-05-15 01:26:21

Kosovo and Macedonia quarrier Fox Marble (FOX) has announced financing developments – including a conditional £2 million gross placing at 10p per share and we took part in a small way. The funding is:


Fox Marble: More Good News - Buy

2016-03-16 04:56:54

Shares in marble quarry company Fox Marble (FOX) are continuing something of a recovery having fallen towards 10p early this month, with some further momentum now being provided by an update including that commissioning and opening of the company’s factory in Kosovo “is anticipated by the middle of the year”.


Fox Marble some cash in - we want to see more

2016-03-09 04:01:31

Fox Marble (FOX) has announced that a payment of €390,000 from Eboracum Limited will shortly be sent to the company as part payment of the €2 million order announced last year. This is good news and bad.


Fox Marble Trading update - buy

2016-01-22 09:12:17

Fox Marble (FOX) has updated that 2015 reported sales are expected to be around a self-declared “disappointing” €230,000, but that the outlook for 2016 is much more promising indeed. And that is why the shares are a buy. This has been a poor share tip to date but now is a time to average down big time.


Video: Chris Gilbert CEO of Fox Marble presents at Gold & Bears November 2015

2015-12-18 05:51:55

And the next presentation is by Chris Gilbert of Fox Marble (FOX), shares in which I rate as a buy - it will come good in the end. Enjoy


Fox Marble Interims - buy

2015-09-12 07:00:35

Fox Marble (FOX) has announced results for the first half of 2015 and that, whilst frustrated by operational setbacks experienced, remains “confident of fulfilling our plans”.


Zak Mir's Bull Call Of The Day: Fox Marble: A 25p Clearance Targets 35p

2015-06-08 02:34:44

Although the percentage trade as far as shares of Fox Marble (FOX) have been concerned over the past 3 years has been to assume that the 15p – 25p range will remain intact, today’s Bull Call Of The Day is fighting the odds in order to suggest the big breakout is finally upon us.


Fox Marble..this sounds much better

2015-04-11 05:24:10

Fox Marble (FOX) has announced further sales to Berkeley Homes plc and initial small scale orders for its red, Rosso Cait, marble for customers in Egypt.


Fox Marble Trading statement: penny share buy

2015-01-18 09:50:36

Fox Marble (FOX) has updated that, with much of the 2014 order book having been pushed into H1 2015, 2014 reported sales are expected to be only around €150K, though that it is “encouraged by the strong finish to the year in terms of deferred income, signed offtakes and sales agency agreements” , with “confirmed orders to date for 2015 currently stand at €1.5m of block and slab marble”.


Tom Winnifrith’s tenth and final share tip of the year 2015 – Buy Fox Marble at 18.25p

2015-01-04 10:23:58

This is the closest I am going to get to tipping a mining stock in a hurry – Fox Marble (FOX) might own mines but it is essentially a building materials stock. This should be a boring and dull business. To date it as not been.


Fox Marble Offtake Deal - Buy

2014-12-07 11:35:21

Fox Marble (FOX) has announced an offtake agreement for €1.5 million of block marble in three six month tranches and which will see it receive an immediate €250,000. 


Fox Marble Offtake Deal - Buy

2014-12-07 11:35:21

Fox Marble (FOX) has announced an offtake agreement for €1.5 million of block marble in three six month tranches and which will see it receive an immediate €250,000. 


ShareProphets Seminars: Video Presentation by Chris Gilbert of Fox Marble

2014-10-03 08:03:55

On Monday 29th September the first ShareProphets evening seminar was held. 4 talks, free pizza and booze. A great time was had by all. To ensure that you get priority booking for future seminars (the next one is 13 October) register HERE. The first talker was Chris Gilbert of Fox Marble (FOX) who spoke well and made a good case. I rate the shares as a buy.


Fox Marble – on a 2016 PE of just 2?

2014-08-26 12:52:00

I am a fan of Fox Marble (FOX) – t has had mishaps but the underlying investment case is still there. This is stock where if Chris Gilbert and his team deliver, as I believe they will, it could easily treble from 19p. In this light I bring you today’s note from house broker Fox Davies.


Fox Marble – I remain a buyer after AGM

2014-05-14 06:50:40

Kosovo and Balkans region-focused marble company, Fox Marble (FOX) has updated investors attending its AGM that it continues to believe that “2014 will be a pivotal year in establishing Fox Marble in the market”, though “as a result of the unexpected weather conditions and one quarry site being extended to acquire the premium quality resource, production has been set back and thus booked revenues will be more strongly second half weighted”.


UK Investor Show 2014 video - Christopher Gilbert of Fox Marble

2014-04-21 22:32:53

Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Christopher Gilbert of Fox Marble (FOX)


Fox Marble Trading statement - up on my tip but still a buy

2013-12-12 10:36:17

Fox Marble (FOX) has updated that “production levels are being achieved in line with expectations”, that it is“seeing repeat orders from early customers” and that “successful entry into the key USA market is gaining traction”but that its planned processing plant on its factory site “is likely now to be delayed, on current estimates by up to six months” (completion previously planned by April). 


Buy Fox Marble at 17.5p - target 60p

2013-11-12 09:31:45

Why are you guys not tipping a raft of bombed out mining stocks? Well we are not sure that things have bottomed out quite yet. There is no rush to fill the gold portfolio on our Nifty Fifty site (although – amazingly) we are only 1% down over a year on gold stocks. Fox Marble (FOX) is classified as a mining stock on AIM but I’d view it as a building materials sector play.


Fox Marble Interims – Loss Expected and Not Relevant says Fox Davies

2013-09-21 11:34:53

Fox Marble (FOX) has released its half yearly result for the six month period to 30th June 2013. The company reported a loss of Euro1.066M for the period.  With the shares at 15p, house broker Fox Davies has published a post numbers note. 


Fox Marble offtake agreement is great news says broker Fox Davies

2013-07-01 09:31:47

Fox Marble has signed an offtake agreement to supply cut and polished to marble to Pisani Plc one of the leading wholesale suppliers of marble in the UK. According to a note published by research analyst Mark Heyhoe of Fox Davies this is “great news” for the AIM listed Kosovan marble quarry firm.

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