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Ignore alias. The poster probably has a vested interest in the current cankered systems remaining unaltered. Too much transparency and stout regulations would probably hamper his or her progress and money making.
alias - we could all become better investors if we ignored posters like you who are full of their own self-importance. I hope nobody was swayed by your ramping on here and your musings that this would go for £3.70 whilst you were actually selling tranches here at a much lower price and not letting on till days later when the details of the indicative offer became known. For the record, I was always suspicious of your motives here with your username and your limited number of posts and the boorish manner in which you frequently engaged with other bb users. Thank God there are still folk like Ant and myself in the world who are not simply motivated by mercenary considerations and will at least try to prompt improvements in the system. If Vlad's post indicates anything, it's that the oligarchs have only been able to advance this derisory offer through the shortcomings of the present UK regulatory systems which some of us want bettered. BTW the current price here indicates that the market isn't convinced that the current offer will go through and that at a time when our PM has been trying to forge more business links and encourage investment in Kazakhstan so we do have a bit of a current issue going on here.
I object a little to the alternative route being suggested as the manly way. I think it's also too easy to dismiss the importance of an investor in business and that an MP wouldn't care. An unregulated market becomes a dangerous economic problem if people feel too fearful to support UK listed businesses. Japan is a good example of what happens if people squirrel their money into their mattresses. Like I've already stated, I'm resigned to losing my money, I've got over that, but the principal remains. "Bad things happen when good people do nothing".
good luck, alternatively man up and move on, learn the lesson and become a better investor without wasting your time telling an MP who I am guessing couldn't car less about investors. End of the day we are buying equity, whenever you buy equity you stand to loose your shirt!
Voice my concern in a meaningful environment in a constructive debate with the view of prompting change in the future. Specifically, I don’t believe there is a lot that can be done to block the progress of the “takeunder”, however I would hate to stand and watch it happen without protest so that it may happen with ease this time or again with another company at a later date.
Ant, what do you think your MP is going to do about this take under?
According to Joyce, on Wednesday morning – the day he was scheduled to ask the Prime Minister a question in Parliament about ENRC – the West End law firm Mischon de Reya sent him a letter referring to the comments he made on 23 May. So they can use the law to get what they want but not abide to it when it doesn't suit? All we can do is apply pressure on our own MP's
Well, bunkermad, I hope that you do not send messages like this to everyone, when someone expresses a message which may disturb your zone of comfort. The insult is ignored, since I believe that it is the person who gave it in this instance who is the ignorant one. I think you will find that I have expressed my opinion quite openly over the recent period, as much as I needed to, and particularly the need to look in depth at these companies operating in Central Asia. For your information, I have performed maybe more than 500 hours research over the last year into ENRC and KAZ, but also in a different direction to you, perhaps, since my interest is always into the longer term. I may not report on every day's activities, or every movement in the share price, but I do not think that this excludes me being allowed to express an opinion. Frankly my research questions how these companies were ever allowed to list in the first place. And that applies just as strongly to KAZ as to ENRC. I think that many people are coming round to my opinion, for which I was shot down when I first expressed it. There are opportunities in Central Asia, but not with these companies run by Oligarchs who do not appear to understand our systems and laws.
coming to the wake, full of condolences and hindsight!!! But what was the tune during the days the bid was announced??? The world is full of know-it-all....
In answer to your point about why anyone would invest in Kazakhstan, just look at the results for KAZ today, with an 8% rise to the moment. That does not come from people staying away. People have very short term memories, if they feel they can make a short term buck. I feel for those caught out in the recent shenanigans in ENRC, but frankly the writing was on the wall with the SFO investigations. That leaves just too many unknowns for safety. Oligarchs from the region have tended not to have too much concern for other investors, and I believe it was quite clear that they would want out, when problems developed. With ENRC on its way out (we presume), it will be interesting to watch KAZ. On paper, this represents a fantastic opportunity, but how much of this will the PI's be allowed to take, if this can be returned to Kazakhstan ownership cheaply, like ENRC?
Hello TTGT, I do not wish to get in between whatever discussion you may have with other members, but since you also addressed the rest of us I would like to respond to your post. Nobody should really stop you from posting your opinions, but you should realise that encouraging people to buy or sell shares can be a risky business, considering that messages can be read even by non-members, and that some people may be too easily influenced, even if for the right reasons. You will find that all websites dealing with financial analysis, including forums, will have a disclaimer to that effect. I personally welcome people who share their views on current stock trends - when supported by consistent research and technical analysis - and especially when it is positive and encouraging at such miserable times like these, in particular for mining shares. I don't have a problem with your postings on KAZ's share trends, but I think you should tone them down, limit their frequency and not take things too personally. I too would like my strategies to work for others, but none of us can ever be sure to be right. We are all here mostly for the sake of our (real) money, so unfortunately this means that a degree of discretion should be used. There is certainly a lot of dodgy dealing on the LSE, like in most stock exchanges nowadays. Hence the diffidence from some forum members, many investors have been running losses for years (I suppose I'm one of them). What you were doing was commendable and I hope you will not stop your contributions to the forum. Good effort on your technical analysis, of which I would like to hear more, but please don't think you're the only one who can do it. ;-)
Just posted you a fuller response on the kaz bb on what I can only describe as the strands which vaguely related to "kaz issues" in your post.
Yeah I have been busy all week and I am a big tennis fan. Your point being? I don't think I said on the kaz bb at least 10 times today though that I didn't intend posting again on there: I think that was you. I haven't bothered to read all the posts on the kaz bb today because it descended into a complete farce with folk chucking insults about and saying absolutely zilch about the share. If you have issues with any other posters on there then please keep me out of it. I am not interested in folks' egos whether it be Zak Mir with his kaz tip of the month for June or you with your £6.50 or something similar within the next fews weeks equally ridiculous prediction. So far, the enrc bb has managed to stay focussed on the important issues surrounding this company at this point in time and I guess most of us on here would like to keep it that way.
Queen, are you the same person who posted on Kaz BB on Sun 19:36 the following "I'm busy this week and next and then on holidays so really don't care a hoot. Maverick and TT Global Trading will keep you straight. Dangerous Age from the ever so left wing Paul Weller for my very Conservative mother-in-law "? Given your post here, I now wonder if it was you who created a second ID and written what has been written in the morning? I have now spent about half an hour putting together some of the key posts I wrote on the KAZ website ; I have it all in a word document but not sure how to upload it somewhere for people to view that, if you care to read my po9sts I clearly warning people that the stock may (!, not that it will!) fall to as low as 222 and that was when the stock was trading @ 310. I have also stated that once a certain level broke the bearish scenario was extremely likely to play out - where were you then? Anyone who reads my posts know that I am a fairly cautious person and I have saved people from losing even more cash, as you know I work on probabilities I cannot predict for certain what future holds but I do quite OK, how could that be then? I will cut this short, I will post one last post on the KAZ BB fully showing to anyone interested my "trading"(I tend to invest rather than trade in my SIPP but I have taken a few trades this week), I still hold the stock as believe certain levels will be reached; to anyone reading this make up your own mind up about things but there is lots of dirt going on LSE, anyone not experienced enough to spot the genuine posters from the rest please spend some time on here and make up your mind up before trusting anyone and always question why some people tent to be optimistic/pesimistic about a particular stock all the time... GL TTG
IMO Personally I think the LSE is as much to blame for this fiasco - they have been toothless in this situation and their rules have served the interest of the institution and not the investor. On ENRC though there is a pretty certain 230+ on the table. That is unless Kaz bombs but this looks to be at the bottom already based on the dramatic bounce back from 220 ish last week. Motor 19 is right, taking the emotion out of it, This is a recovery play now with at least 10-15% on today's SP IMO.If you think you can get 10-15% in 1-2 months by selling and going elsewhere very best of luck to you all!!!
Thanks for your support Silver, good to see others having strong principals about this too.
... not to mention the reputational damage to Kazakhstan. Who will ever invest in a Kazakhstan company again after this debacle.
Do not hold this company but agree with everyone here who thinks they are being ripped off. If enrc is allowed to go private at these prices then there will have been a major misscarriage of justice. Everyone who holds these shares should be writing to their MP. All the press I have read so far is about "how do we repeat another enrc", non of it is about why are we letting this heist happen at all. The SFO should step in, amd pending the completion of their complete review the sale should be stopped. Any person or persons found to be acting against the interest of their respective shareholders in both enrc and kaz should be brought to book with the full weight of the law. The alternative of etting the sale happen will be major blow to investor trust in london as a secure financial centre.
I am with Motor19, stick to the end with this and see how it plays out. If deal goes through antisipate keeping extra KAZ shares for a while to hopefully maximise any SP increase along with holding. Reinvest cash & move on, should recover losses reasonably soon as I think general markets will rise over the next 2-4 months. Lucky as over the last year still well up overall but will have wiped out gains from about Feb13. Played through BUMI fiasco and came out up, thought ENRC would be roughly the same so proves that thinking wrong. If deal doesnt go through will hold for a longer period and expect SP's & markets to recover. As I see it most of us were hoping for a reasonable profit and to move on to other things but the other things havent been exactly setting the world alight over the past few months. Obviously I am a half gass full kind of person. GLA
Seems to be getting shorted quite heavily - hope it moves up and its reflected in enrc sp as deal gets closer to completion but who knows whats going on with Kaz and enrc in the short run - I just dont see how the short run for either share is based on charting and other systems imo but more based on the onging conversations of billionaires ho have both stocks in there playpens at the moment. I'm staying in this til the end I think as it'll be circa 10% uplift just for doing nothing or a couple of months (not profit but btw but not to damaging either if I can get anywhere from 235p for this - mind you that assumes 280p for kaz!)
Mentioning no names, I clocked this as well, looks very dodgy to me too.
How much of Kaz's income in the past was derived from enrc? Assuming the enrc deal goes ahead, how long are the former enrc shareholders likely to keep their kaz shares? Will kaz bid for enrc? Will Kerimov bid for kaz? The kaz bb is full of talk about the indices, anybody brave enough to go on there and chuck about a few hand grenades about KAZ.. It looks to me as if some guy who works for a broker house has been paying his subordinates to say how wonderful he is - trouble is he's predicted nothing right about kaz so far.
Anybody know when the Kaz vote is? The current deal is worth 2.38. If Kaz keeps rising then the final package will increase. I see Kaz making a gradual recovery back to pre April levels in the next couple of months IMO.
I'm with Ant on this. Principles are not mentioned often enough in investment circles. I don't feel confident about investing anywhere at the moment. I want to feel sure that when I invest there are some safeguards and rules to ensure that play is fair. At the moment, breaches of the Disclosure and Transparency Regulations are going unpunished and are not being investigated. A complainant isn't even notified of the outcome of investigations when drawing a matter to the the attention of the fca/UK Listing Authority and the Takeover Panel's regulations need to be rewritten in plain English. I've paid quite a lot into the coffers of HM Revenue and Customs on stamp duty on share purchases and the government in the last budget introduced measures to abolish stamp duty on the purchase of Aim's stocks in the near future. This will maybe draw in some new investors with their hard earned savings so we have every right to ask our MPs to take action if current regulatory bodies are not doing enough to protect small personal investors from being ripped off. Investors can't pass new legislation, MPs can.