Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Prediction #1 was as below, before they delayed results to 30th Oct:
RE: M&A possible ?20 Oct '20
The delays in putting out results here which were meant for mid-October, having already been pushed back from initial due date of August has all the hallmarks of playing for time and kicking can down the road to buy even more time to delay difficult choices.
Expect to be disappointed imho, 6 more months of suspense likely awaits
Nostradamus Prediction #1: CORRECT
Delaying news due to a director purchase looks like a compliance problem as should know this stuff before purchasing.
Dnd makes a good point.Could be the reason for end of October
Assumption is they delayed August's results to October to assess situation with covid to see if it improves. But timing was very unlucky as there is no certainty at the moment on covid response/impact and its getting worse.
This looks like haggling behind the scenes about standalone prospects vs. selling the business (esp. with the 29.9% shareholder now on the board). Covid may have shifted balance towards the latter option, hence last minute delays. All an opinion, DYOR.
I have a bunch of these shares, but I have to admit that I don't think i have ever seen a delay because they are working on good news, delays generally mean they are working on a problem. Hope I am wrong, but doubt it.
As suspected in last message, the results are now DELAYED to 30th October. It is on their website
Jinny that is a ridiculous post! You think NSF will release poor results because they’re delaying the results? Firstly, they’re not delaying them as there was no date - mid to late October. Secondly, that’s your reason for saying that? What about the fact they are still lending? Still hiring? And putting out TV adverts pushing & promoting the business? I’d rather you sell if you think NSF are that poor. I personally think they will surprise massively- hence why I am invested
The delays in putting out results here which were meant for mid-October, having already been pushed back from initial due date of August has all the hallmarks of playing for time and kicking can down the road to buy even more time to delay difficult choices.
Expect to be disappointed imho, 6 more months of suspense likely awaits
Fast food. I agree. As why open new premises and employee more staff. Etc. As any new owner may not want the extra baggage. IMO. I think. We are gaining customers and are just adjusting our risk levels with new score cards etc. I would like to see a set of results this week. As they are due. And they need to show that it’s not a them and use sort of thing. Gla. Istillfeel it will be positive outcome for us all.
Once March comes / Any spike above 15p would have to trigger a T/O attempt or surely it would be rendered dead in the water. Q2 next year may be interesting, however I have to be honest and say imo I believe a T/O is Not on the Cards.
cheap takeover 15p?
From 19th Nov price of 31.7p holds until about end of Feb / upon which Top Price drops and a New ceiling is formed around 15p.
yeah that was another option of take over
There is no doubt that whenever an Institution acquires 29.95% (Right on the limit of 30%), then an Offer to T/O must be on the Menu. Any S/H going over 30% must make an Offer to all existing S/H - The Offer Price not being less than the SP at any point <12 month.
At 40p the Company was Valued at around £120m.
Toby Westcott is a Partner at Alchemy who hold 29.95% of NSF which were bought off Woodford @ 40p.
Toby Joins NSF Bod, specialising in mergers & acquisitions in the financial service sector.
The SP is being manipulated & held around 5p, Is a merger or takeover underway ?