Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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I realise these things take time, but surely a little release if not just to give a little comfort to those that are invested here.
Not had shares in this situation before with a takeover/merger to create a bigger company. I'm guessing the rns will detail the price before opening back on the market that morning? Also something tells me I should of gone on heavy here. Sounds like a giant in the making now.
It's now 2 months since the suspension of trading and almost half way through Q1. Getting to the stage when news on the detail of the deal could be announced any day. It will be very interesting to see where the SP opens up. I think there is a very strong future ahead.
https://www.scotsman.com/business/the-big-interview-indian-tycoon-sanjeev-gupta-1-4681866 I echo what others have said in wihsing they would get on with it.
On that note, today I am glad of it....
That is my exact point - you have made a call on the benefits/problems and judged it to be better than a diluting placement. That's fine - your call of course to think however you wish. Decisions to buy/sell shares is based on rational judgement of a firm's future performance and borrowing activity is another bit of information. If the firm decides to borrow people will make a judgement on reasons why and on the future implications for the firm. That may mean they want to add to their holdings or reduce them. This is an operational decision without any flexibility afforded to shareholders.
Why is it weird? Maybe I've misunderstood but isn't this just like any other company doing borrowing money? In fact this way it is easy enough for holders to lend the company money at 8 per cent - better than a diluting placing only available to big guys in the city surely?
I am with you there PC54. The suspension on shares was some time ago now and we were all waiting for news on what Mr Gupta had planned. Now under the ARL logo a fund raise through Abundance... again. How can there be a bond fund raise without shareholders being able to adjust their holdings accordingly?? 8% of �5million is and extra �400,000 pa that will be leaving ARL coffers destined for bondholders - and we cannot change our equity stake in response? That is just weird. What is going on?
I'd like to see the shape of the combined business before adding to this share, can understand the figures, which look good, but we do have a Billionaire now in our mist so surely any capital raise the bulk should be under his banner ? Still have the faith in the principles of the company but need to see where we are going !! GLA
You need to open an account with Abundance, and then bid for as much as you want (there will be a minimum I suppose) - just like lending cash. The 8 per cent is an annual rate, with interest being paid twice a year and the capital returned at the end of the period. If you invest �50,000 you'll get a total of �70000 back over 5 years - about 2,000 every six months, and then you capital. I just had a look and they've raised 7 per cent of the total already today.
We now have a big ugly power station to convert though. It's all there in the RNS.
Still retain debt but this makes that debt cheaper. I think it shows that the bond is rolling on another year on last is all.
Was there not a bond issue last year that raised a few million? According to Abundance at the time, it was the fastest take-up they had had. Any idea where the money was spent and on what? Seems fishy to me for another bond issue so quickly with so little mention of how the last money was spent.
Can anyone tell me how to get into purchasing bonds please? Also is 8% return every 6 month up until maturity? Ie �50000 every 6 month �4000 then on maturity you get �54000... I think it�s an excellent move by Atlantis and I�m guessing our Indian friend will be taking up the offer on this also.
https://www.fleetwoodtoday.co.uk/news/environment/boost-for-tidal-barrage-plans-1-8963472
While we await the outcome of this situation, maybe investors missed this update on the progress of the above RE sector.( Atlantis get's a mention ! ) http://www.independent.co.uk/news/long_reads/blue-energy-marine-renewables-secto-show-promise-a7990726.html Let's hope we can continue to develop this into a meaningful business under the new owners ! GLA
Another reason why I asked about H2 producing coal plant.... http://repower.drax.com/ I know it�s not the same plant but it is or at least could be the same principl.
The "admission document " which will set out the structure and describe the assets and business plan of the "new " atlantis is scheduled for the first quarter 2018 , the LSE suspension will be lifted on the date of publication.Interestingly that suggests that there will be time for investors to trade before the takeover goes to a vote at an agm, and , as the share is predominantly held by PI's (with the exception of a couple of local authority pension funds)I could imagine a bit of a speculative flurry in the intervening period as some short-term traders try to make a quick buck . I expect that shareholder approval is pretty much a foregone conclusion so , once the initial dust settles, the share may drift (at a sharply higher price than the suspended level) until news of the power station conversion firms up and engineering progress is made . I do wonder how much of ARL's manpower is going to be absorbed by this new development and whether other tidal activities night be put on the back burner , though hopefully with Maygen generating power nad cash in the meantime.
All we know is there are lots of discussions to have and plenty of cheese, biscuits and wine to be had. Let�s hope it�s not on our expenses list :)
Don't think we've been given any formal information so, purely out of idle curiosity, does anyone have a thought about when we might see the relevant documents published and shares reactivated? Is it even possible to make an educated guess?
Sanjeev Gupta (ie Mr gfg) has just agreed to buy an aluminium smelter in Dunkirk from Rio Tinto. It is the latest part of an acquisition spree which includes half of ARL. It now seems clear that he is positioning himself as owner of a wide range of metal manufactures, has plenty of cash and is in serious expansion mode . Seems likely that he may fund the development of the ARL project at Uskmouth himself rather than seek external loans. If , as i suspect , that means relatively cheap cash for the project , that bumps up the NPV . I am inclined to think that the return to market of ARL may be nearer the top of my previous SP estimates than the bottom.
Both Hybridan and the Guardian stock brokers have issued statements, however I�m getting the message the rest of this statement is only available for professionals etc.. so can�t read what�s been written.
Still no sign of this broker rating and article?
Sorry it was a squawk from guardian stock brokers. .. still none the wiser where I can read it.
Just got notified that a broker rating has been issued here. Where�s the best place to find it seeing as this site dosnt have any broker ratings for ARL.