Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have my APR shares with Selftrade in my wifes ISA. Selftrade is owned by Equinit a canadian company, as are Fairfax and probably some of others in consortium. As we did not act on the corporate action to vote, our shares were used to vote for the consortium/managment stitch up (at least that is how it feels). I was caught out by this action as I would say normally you would expect the opposite? I wonder if there were many others like me who supposedly voted for, this all took place over christmas and new year (corp action on 23/12 and decide by 28/12) and many small holders may have been busy? The vote was close roughly 55% to 45%. I suppose knowing how all the rich and greedy people are it is hardly surprising they have got together and made this happen by good timing and broker collusion Annotingly it also means right now I do not have the money available to reinvest as the action has not been paid out, where as if my shares had been left alone I could have sold for pretty much the full amount this week and had money straight off. We will move the ISA away from Equiniti/Selftrade
not playing ball!
we are above offer price, maybe someone is playing ball? Nice!
Anyone have any thoughts on potential offer for APR Energy? Shares have put in big move this month to date, but do people think this is real or not? I wonder what the insiders who are leading the transaction know? Must be thinking lots of good news coming in 2016 so they want to buy it now.
For anyone interested this is the playback number and pin for the call yesterday. UK Toll Number: 020 3426 2807 UK Toll-Free Number: 0808 237 0026 PIN Code: 662978# not much info in the call but someone might want a listen,
11:30 EST = 16:30 UK.......Called the toll free number and was told conference call was finished at 16:15. RNS not received until 16:21 ???????? Did anyone manage to join the call?
You have probably missed the boat to make a profit today. No idea where this is going
Any LTHs have an inkling of where this might be headed?
at what price will the offer be that's the question...
Well my good week post came in ealry. Lol GLA,
Thank god........ I thought I was stranded here ! Where will this go today ??? It just keeps rising !!!
Very quiet bb considering the share price movement, in a way makes a nice change from all the spurious rubbish being said on most boards. I only got in today but looks like this has some serious legs on it.
Where is the HERD ???? Am I the only one making money here ????? Anyone ??? Buler ????
From here to £4.00............ This could fly now on a few large buys !!!!! Pile in quick .....
Trading at £4.00. a share back in April....... Can we see £2.00. today ????
ahead, little bit more positive news from new orders. there must have been some reason for last weeks rise and I think it will be announced this week. GLA
In auction.
8% spread, not great
http://uk.advfn.com/news/UKREG/2015/article/68700376 18% up and in auction
Watching closely for a good entry point at 60p
THE PRICE ALWAYS GOES DOWN WHEN PROFIT TAKING IS HEAVY. THIS SHARE WILL BOUNCE BACK TO 95p IN A COUPLE OF DAYS.
Hi UtilityInvest. It is not the same management. Yes founders still there. But, it was really when new head of sales came on board when the stock skyrocketed and all metrics improved across the board. What did Campion, Anderson and their cronies do when stock hit all time high?! Did they believe in the company? Buy more stock which sends the right signal to the market and other investors/shareholders? Nope. They dumped all their stock?! Not surprisingly, Soros, the Capital Group and others also took their cue and sold off. When Martinez left, did they put a qualified CFO in place (keep in mind that Martinez had just replaced prior CFO), nope, they put Munro who had never been a CFO and under his leadership APR's had a qualified opinion from the auditors, the bank covenants have been breached, stock at all time low with current shareholders continuing to sell. When the announcement came out that Campion, Anderson and Lee were going to continue to lead, APR stock dropped 11%! When COO's departure was announced was made APR stock dropped again materially. Clearly the professional investors have spoken on what they think of the current management. Finally, no idea why you would say that Campion and Anderson have "skin in the game" when they are down to less than 3%. They cashed out and don't need to make a penny more with the hundreds of millions they made already, but to the detriment of their employees stock options which are under water (clear incentive to lose most talented employees who have no reason to stay) and to existing shareholders.
3 bought to 1 heavily sold?
APRJAX - thanks for your input on APR, that is helpful. I need to take a closer look at APR, seems like management could be a key issue there. Aggreko seems like a safer bet, although if APR could land new contracts, APR shares would have a lot more upside than Aggreko. Different risk/profile I guess. One thing that is kind of odd to me is the key management are the founders of the business. They built a competitive, global power company in like 10-12 years based on my reading of the annual reports. To me that is pretty impressive. But you are writing off management...so have they just lost their edge or their abilities to run this business in your opinion? I was just surprised because I thought that the current management would be a new team that wasn't as good as the old team and were mucking things up...but it's the same guys. In some ways, that makes me believe they can work their way out of the current challenges. Again, unless they have just lost it and they are burned out, checked out, etc. But they do own about 7 mill shares under JCLA (#6 shareholder), so they are not completely cashed out. They still appear to have some healthy skin in the game. And thanks to one of your other posts, I did find the Campion guy's twitter page, and he does seem to enjoy the finer things in life (understatement), so you would think he'd like to see that JCLA stake worth a lot more than it is here at 90 p! Thanks again.
Looks like there's some heavy selling going on, down to 95p on Google Finance.