Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Worth watching.
https://youtu.be/godOhIecGk4
For a company engaged in a complicated business model reshaping, with a questionable track record over the past several years, in a highly competitive sector with low barriers to entry - a multiple of 7/8 times EBITDA doesn’t look cheap at all to me... Can someone explain what I’m missing? Thank you.
(PS. No intention to have a fruitless criticism, I’m genuinely interested in the stock cause I think uneconomic sellers are surely present here)
Actually the EBITDA for this year is looking to be £6m. Broker report has debt at £12m. This should be renamed to Unbound this month.
If my understanding is correct the company main business is the Hotter Shoes now with app. 50m revenue and 5m EBIDTA and 18m net debt. It looks cheap now.
Because the demerge was a bit of trash in the way it has been dealt with. There is also additional charges when buying which I imagine is putting buyers off, which leaves mainly sellers and drives the sp down. Also, I think investors are worried another lockdown may happen. This is still quite a high risk share but looks incredible value now and could bounce back very quickly and provide 100% return. High risk with possible high return.
Started: Dret, 4 Nov 2021 13:23
Last post: Bazzzz, 4 Nov 2021 17:41
I'm using the following, based on how AJBell split the purchase cost of my ELTA holding.
Hostmore 0.7792845845
Unbound 0.2207154155
It's 3 MORE to 1 ELTA
There were also some shares given to management for the demerger.
So as a ballpark sum - 3 to 1 suffices.
For detailed pre and post merger analysis for MV - after the dare I say useless Numis job - u will need to account for the shares issued to management as well.
HI,
I am having problems finding the conversion ratio of Electra to Hostmore shares . Has anyone any detail on that please
Started: Scoobydoo321, 4 Nov 2021 15:55
Last post: Scoobydoo321, 4 Nov 2021 15:55
Started: Molben, 2 Nov 2021 11:04
Last post: mrcautious, 3 Nov 2021 16:57
This looks like a scam its so bad !
I am over 18% down since the demerger. What about the promised benefits from the sale. How could this appalling demerger be acceptable or correct? Is it in the interest of the investors? NO
Shambles of a demerger
Yeah this isnt panning out the way I had expected at all. It seems maybe that the Hostmore share is just not being promoted. I hope this is to get mates onboard at a cheap price !
Both shares down this morning - combined price less than pre split price. And no hostmore shares showing yet in my nominee broker account. Altogether a very disappointing few days. The split has been planned for some time so very poor that investors left in limbo and unable to sell hostmore as it drops.
Started: Barry5, 28 May 2021 12:40
Last post: Ryallrocket, 28 Oct 2021 22:27
Yes, budget broadly favourable for TGI - and yet the price drift continues. I’m feeling apprehensive about the demerger at the moment.
But biz rates down 50%
= more $$$ saved.
Nice one Rishi!
Drifting steadily down.Market not anticipating demerger benefits. Unfortunately hospitality and retail not the best places to be invested at the moment so the timing of the demerger not ideal.
Demerger announced looks good for ELTA shareholders !
I thought this IT was done, but its turned out to be one of the sweetest albeit little known investments of the last 9 months.
Started: VanVan, 1 May 2021 12:27
Last post: Bristolian, 21 May 2021 11:45
Paul Scott is from Stockopedia. He has been really positive about the stock recently. Today he has advised : I think both would be very attractive new floats, which institutions may well snap up. If the valuations are decent, then ELTA shareholders could see a lucrative payday in the next 6-9 months. Hence I’m very happy to sit tight and await developments.
But I see we are at a 38% premium. Presumably that is just based on out of date valuations?
On ADVFN they have mentioned someone called Paul Scott. Potential 234% upside in less than 12 months. Anyone know anything about this? TGI Friday could be sold for £100m+ ? If any of this is true it looks like 2021 could be a rewarding year for investors here.
Started: quelfromage1, 21 May 2021 09:05
Last post: quelfromage1, 21 May 2021 09:05
Seems the market already knew the nav as the sp = nav in the RNS.
Started: boselecta, 29 Apr 2021 21:01
Last post: Jins, 30 Apr 2021 09:37
Sentiment suggests that TGI Fridays will be sold for substantially more than the £100m book value
Anybody any decent insight ad to why this is soaring?
Started: BentleyT, 11 Mar 2021 10:08
Last post: Jins, 15 Apr 2021 08:17
You maybe right Bentley!
Sentinel sold for 100%+ premium on book value
Every now and again the market gets it so wrong. Clear route to 40% ++ upside based on stronger performance of operating businesses during 2020, notwithstanding the clear challenges, based on digital move (Hotter) and removal of weaker competitors (Fridays). Sentinel doing well too. Multiple recent Director buys. I hold.
Started: arsenal58, 3 Dec 2020 18:42
Last post: arsenal58, 3 Dec 2020 18:42
Number 1 anymore ???
Started: arsenal58, 21 May 2020 12:10
Last post: quelfromage1, 3 Aug 2020 13:31
I guess COVID has delayed this court approval ... no update from ELTA that I have seen?
Buy !!!!
Proposing to proceed with a reduction of capital creating an additional £158m of distributable reserves within Electra Private Equity.
Seek Court approval in mid July 2020.
Comments?
so, we vote to give ourselves an additional £4 distributable funds and the sp goes down
finally on the move!
Max buy £3k before going to NT
Surely this will do at least 50% today?
Not sure people have picked up on todays RNS? Taken a few earlier on - NAV 414p versus 200p share price?
BAGGER alert?
Started: iaintgotaclu, 15 May 2020 10:54
Last post: iaintgotaclu, 15 May 2020 10:54
BOOOOM this is going to start it way back up now they are opening up the restaurants again
Started: Mnnyamu2, 9 Apr 2020 11:05
Last post: Mnnyamu2, 9 Apr 2020 11:05
This will most likely take some battering , the industry will be the last to benefit for any restoration: will only take off once a cure /vaccine is available
Started: ArielArrow, 3 May 2019 13:26
Last post: ArielArrow, 3 May 2019 13:26
Whats this all about ? Its like the mary celeste just a down spiral.
Started: DRsharemonkey, 15 Nov 2018 13:35
Last post: arsenal58, 15 Nov 2018 13:43
Ex divi
The fall here??
Started: IanBowmer, 6 Dec 2017 15:22
Last post: IanBowmer, 6 Dec 2017 15:22
This is edging back up with nice steady rises of late, and regularly having significantly more buys that sells. Long may it continue!
Started: darrenp, 3 Nov 2017 06:47
Last post: darrenp, 3 Nov 2017 06:47
Hi there just came across this (missed the div). Does any see further realisations or do you think it has been trimmed down now and the leaner entity will now move forwards?
Started: Kenwheel, 2 Nov 2017 12:23
Last post: INFINITYT, 2 Nov 2017 17:45
You said a while back you were in for a few. Shouldn't have.
I'm in for a few tomorrow
Yesterday each share was worth +�18 Today was XDividend so �9.14 will be sent to all holders for each share who still held shares this morning on open. +�9 is the shares worth after the Dividend. The NAV is over �11. Very strong past record but a new investment policy from now on. Best luck all..
I don't get what's going on here sp dropped in half Will it recover
You must be kidding read the last 100 posts .. Best luck..
Started: Motor_conviction, 2 Nov 2017 17:35
Last post: Motor_conviction, 2 Nov 2017 17:35
Some monster trades showing up now and looks like buys.
You don't go on the register the minute you buy shares, it takes a day or two to get on to the register. If you bought today, you wouldn't get on the register in time.
Thanks GG79, that makes sense
The RNS says "� In line with this capital allocation strategy, the Board is today declaring a further special dividend of �350 million, or 914p per share. This is to be paid on 1 December 2017 to shareholders on the register of members at the close of business on 3 November 2017.*" That's tomorrow. I don't understand why its trading as if its ex div now. I've contacted ELTA investor relations to clarify. BTW the * footnote just says it won't be in the divi reinvestment plan
Record date is tomorrow so last day an investor could buy to receive the div and be on the register on 03/11 was yesterday.
Still trying to get my head round Special Divi`s !! So is that anyone that holds shares up to the end of today gets the �9.14 Divi or did they have to hold it on from a different day ?
Started: parrotfish986, 2 Nov 2017 10:34
Last post: parrotfish986, 2 Nov 2017 10:34
i would say in court you would have them over a barrel
Started: Halphy, 28 Oct 2017 17:37
Last post: Halphy, 28 Oct 2017 17:37
ELTA Finished ??? Why do our friends on shareprice.com talking about this one as finished ? ELTA are in phase 2 ,but a comment mentions a wind down and return cash to punters , not again you hear me say , I experienced all this with LXB retail ( shopping Malls UK) BTW LXB way down on value at the mo. Credit to poster Shareprice.com ; A report goes on to say ELTA are not looking a further investing due tomarket conditions but may reverse this decision in the future subject to trending markets. Numis (as reported by Trustnet today) takes the following view: 'after a series of realisations, there are now a relatively small number of investments remaining in the portfolio ? with around half of assets now being cash. ?The board began the second phase of its strategic review in June and anticipates announcing the findings in Q4 2017. In our view, the likely outcome is a managed wind down and return of cash.
Started: d.monies, 25 Oct 2017 18:30
Last post: IanBowmer, 26 Oct 2017 10:13
Morning d.m I have been watching this one for ages, and should really have got in at a similar time to you. I became aware of this when I invested in JDT around a year ago. Had some fantastic dividends there and sold at a profit, and it was INFINITYT that made me aware of this one. I think he either mentioned it in a post, or I looked at one of his comments on here via this web site. Cheers INF.
Think I'm going to stick with this one for the long term also, my current cost per share is 16.96 because I started buying in July, most likely reinvest the dividends back in. The long term holders of this trust may disapprove of the strongarm Sherborne takeover and tax liable big dividends (if not held in an Isa) but personally the activist takeover is what attracted me to Electra and also the feeling that private equity trusts were a bit out of fashion and going cheap. Electra minus the private equity.....we shall see, good luck all.
Started: IanBowmer, 24 Oct 2017 13:29
Last post: IanBowmer, 24 Oct 2017 13:29
So just bought in for the long term, 13% annualised return PA for 10 years isn't bad!!