Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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''We would prefer to remain independent'' but we're up for sale. This company has been doing well and was up for a re-rating. My guess now is that if no-one comes in with an offer, the SP , as someone has already said, will drift downwards.
I think a lot of people seem to fave missed the fact that the main reason for their under performance in the past was that they were competing against free services. This is no longer the case. They are attracting good clients who know they get the service they want and are prepared to pay for it, and they look after their staff as motivation. While other companies no names mentioned have to fire the founders, spend a load of money building up a sales force which they are now rapidly offloading. The other key point in the RNS is ‘THEY WOULD PREFER TO REMAIN INDEPENDENT.’
Zak, Thank you for your wisdom. Much appreciated, sarcasm, intended.
If two firms look at them and both decide they aren't interested then these are 85p long before u see 120p again
Zero chance there will be a 200p bid. Big difference between someone going to potential buyers and buyers coming to them. Major shareholders want out coz its been underperforming for so long. IF they get a bid it will be around 160-165p at best. If YOU go to the buyers they aren't paying up for it
Someone must be hoovering up all these sells, MM's aren't sticking them under the bed.
As they have often said on earnings calls, their platform is worth much, much more than the current Mcap, based on their current earnings. Any bid will reflect this, so the premium will be very significant. Also, 2024 profits should be well up on 2023 - premium should also reflect this. I think any offer will have to be over the 200p mark. Much rather see them remain independent and to continue to follow their story.
Once again an SP moves in advance of the RNS.
Folks were in the know.....
I was aware things were going well, but unaware of any speculation.
Naturally happy about the SP today. The p/e now is really toppy. I think any initial offer would be lower than those speculated on here today. No-one is going to overpay in this environmemt.
Personally I was slightly disappointed by the announcement. The team there seem to have the formula right and are going from strength to strength. Why sell out now? Are they sensible to invite offers? To me it gives the wrong impression.
Djtramboise, yep RTN I bought at near lows and here I've been in since Feb 2020. With both companies happy to sit and wait.
Morbox, like RTN, may get interesting if multiple parties seek to buy. Have added significantly in RTN on that possibility. Locked and loaded here though. This has always been a long-term winner imo.
Personally, I read it as, the strategy review is, lets see if someone to buy us for a premium, if not we will just carry on. But maybe large shareholders have ask this to happen and as you say the board would prefer the status quo, who knows.
The Board have declared they would prefer to remain independent but have given two companies until end of month to come up with a substantial offer if interested. Trading in line and see a great future. Gone have to be a big offer!
“but generally falling short of potential value”, tell me about it I’m in RTN, that’s being sold imo undervalue, yes a lot of debt but still! That’s the problem with the uk market any quality you find gets bought up on the cheap so you never see a company mature. I knew that Ian wants an exit strategy from previous interviews (seem to remember when they announced employee's share incentives he hinted at it). Anyway what happens, happens, us IP’s don’t really have a say, one that matters anyway.
Wonder if some kind of complex equity swap/financing to build out a wider offer? Maybe the.doldrums at cab payments being seen as a potential to build a business and take advantage of cabs woes. Bit of housekeeping on costs and scale business quicker/cheaper??
I really would not be surprised. Anything undervalued is currently up for grabs. The key words are ‘improving shareholder value’ which clearly applies to many shares on the uk stock exchange, accepting quite generous premiums, but generally falling short of potential value. I guess there has to be something in it for both parties. Certainly the weakness in recent share price doesnt suggest much about market speculation. This often happens though. The market makers get wind of it first and try to drag the price down to exploit. Cadbury was the first time I noticed this kind of reaction, a few yers back. The sp kept falling and I took a lucky punt, but couldnt buy many. Monday morning Kraft announced they were buying the company. It was a poor offer, and should not have been allowed to happen, especially since all the provisors were reneged on.
I would hope they would not consider any offers below £1.80, preferably over £2. Gl, nice problem, but will there be any quality companies left by the year end? I guess the guy who made the initial big sale @ £1.05 after interims will be kicking himself, or someone will be kicking him if a fund manager. Personally I would very much like to thank him!
I looked but also didn't turn anything up.
Just wondering if they just wanted to put it in the shop window.
I can’t find any market speculation, has anyone else?
I would hope it would be at a large premium to todays share price!
Capital reduction should be granted in the courts next week and maiden dividend in December to follow. Basically if you are not being taken over the market is not interested at the moment. Hence the number of bargain stocks around .
I added a few today, and will be adding more.
Me neither and me too!
Didn't think I'd see the share price this low again. Will be topping up soon I think.
Paul Hill has been an investor in Equals for several years now and it is one of his largest positions. He knows his stuff and has interviewed IST numerous times over the past few years. A vote of confidence for me was the addition of Richard Cooper as CFO (previous CFO of GVC). Richard has M&A experience and coming to Equals given its size meant that he must have believed he could help grow it substantially. Definitely, going in the right direction but given the potential in Europe this is only the start. It now my top holding so I am biased. DYOR