Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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A.Jones, thank you. Well, 5% of a 22% stake is approx 1% of the company. If he sells 1% of the company per year, that's a manageable amount - not too much of an overhang - as it would (theoretically) take him 22 years to sell the lot.
I think that he has donated some to charity. If I remember correctly. All I can see is "It is expected Roberts will sell off around GBP5 million worth of shares during the current financial year, representing around 5% of his total stake of 107 million shares, which is a 22% stake in the company." - No real reason as to why he is selling.
A.Jones, thanks but that's not answering my question.
All founders sell shares in company's overtime! It is not unheard of!
Jonnie5x (or anyone):
Did the founder provide any commentary or give specific reasons as to why he wants to sell his shares?
Is it your understanding that he wishes to dispose of his entire holding (currently 22% I think) bit by bit?
Is there any link to this story?
Bankruptcy? with assets of over $500m? It was to strengthen the balance sheet and make it more robust for the future and to help them through challenging times! Can you please send me some form of evidence to show this was on the brink of bankruptcy like you are saying below?
A Jones - you are entirely naive... the raise wasn't an expression of confidence rather an attempt to save the company from bankruptcy. The raise doesn't change the story's ending, just the timing imo.
Exactly the bottom is near and in my opinion should start to go up from now! Gained £40m in a matter of hours from investors! Just shows they have confidence
3 day sell event gone now, and about to bounce back permanently.
Company have the finance they want.
My gut feeling is 32-35p.
How low can this go? The carpet-baggers are ready to pounce for a quick in and out.
Feel for those that bought at raising, this is going far far lower.
Curry's this morning stated an unclear future ahead with reduced profits... GLA
In April he didn’t say expect an RI in a few months, so to me the situation has changed and so should his outlook ( but I kinda understand your comment, he’s not being reactive )
If the founder said in April he was going to sell down his holding bit by bit (which I didn't know), why is anyone surprised that he's not buying?
What am I missing here?
hi Investhome, i totally agree, out side Chris, it's a joke, I bet PI's have bought more than the other directors today.
i just wonder if AO problems have arrived much quicker than expected, but for sure the CEO not buying is a concern, / lack of confidence, how long with £40M last if they have problems ( we all know they don't make on the boxes they shift just the extended warranties (that are not needed), if someone is worried about future heating costs then an extended warranty is the 1st to go.. i do hope they turn this around
the shorters generally win, so if they increase then it's time to 'think/ worry'
Chris Hopkinson 2,000,000
Geoff Cooper 25,701
Mark Higgins 19,080
Marisa Cassoni10,520
good luck to you all
The founder and multimillionaire said in April he was going to sell down his holding bit by bit following the profit warning. He owns 22pc of the company and is a multimillionaire and hasn't bought a single one today. He knows it best, he's the passion behind the business who came back to be CEO after it struggled for a while. He then took the credit for the boom in covid. Trading is in line with April we are told. He wanted to sell at the 90p ish level pre that warning given he said in that RNS that he would be selling 5pc of his position each year - yet now doesn't want to buy any at 43p despite taking out 84m at IPO. That is the single most bearish thing in the events of this week
Hopefully we do not see the 30p mark haha! I can only see this going up now! Hopefully get back into its 50s soon! And thanks @jonnie5x GL to you to :)
The city defo knew about this prior and dragged the SP
down, but AO is more stable now for sure and need
turn their business model around (and fast) or they be
back with another cap
I wouldn’t be shocked to see this pushed into the 30’s
before a rise (hope not )
It proves A0 don’t really care about us PI’s as Monday statements was kinda naughty / false in my opinion
GL all And especially to Ajones
I hope so. I am guessing what has happened is the 43p placing has been leaked and that is why we saw this drop so much! Now that is over and the placement done I can only see this going up!
This will go back above 50p by Friday...
So this means, current price 43p is lowest and can go north from here.
You wouldn't catch me spending a million quid if I didn't have confidence in the company!
I do and I will be honest I also like how fast they got these shares filled! Literally a few hours and they had the investment. Shows confidence in the major shareholders and directors!
directors:
Roberts putting in precisely zero despite fact he took out £86m when he sold some at IPO. Ditto Norman Caunce who made tens of millions at the IPO.
Hopkinson has bought 2m shares. sounds good until you read that the FT said he made 100x his £1m investment when it floated