Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Although there are a number of sales this morning they are not significant. It will be interesting this afternoon or tomorrow whether those looking for a bargain start buying. Zebbo is right there is no premium in the share price at these levels. Tempted to add to my holding if it falls much lower.
May see the SP actually rise if there is no takeover. I dont see any premium in the SP as it stands today.
On top we should get some company specific news rolling ie Europe expansion
So long as the panel agrees they can ask for extensions till the cows come home. Not sure what the point would be. Its not like there are lots of different parts to the business, its just money exchange. The results are out the forecasts are out , they do the math, is it not what they do? Obviously they are not intending to overpay if at all, and it doesnt look like there are any other interested parties. It would be good to get this put to bed so it stops yoyoing up and down in this range bound cage.
As I've said many times, this is one company I enjoy trading updates, and there's not many I say that about! But this situation has seem to have stopped IST from giving his upbeat interviews. giving insight where he sees the company now and the future. Oh well well, sit and wait again. By the way happy either way, to hold or T/O (at a premium ).
Correction Equals could apply for an extension I believe, although I suggest unlikely. This is diverting too much management time away from growing the business.
My reading of the statement is that there will be no extension beyond this one.
It’s put up or shut up. They clearly are interested otherwise they would not be spending this amount of time negotiating. It will come down to terms and price. I for one do not want to sell it cheaply.
Yes extended again, now up to 26th March (zebbo correctly predicted this).
Again we see commented that trading is in line which is obviously good news.
I do hope this is the last extension!
RNS not showing here yet
https://www.londonstockexchange.com/news-article/EQLS/strategic-review-update-and-pusu-extension/16341439
Ffs 🤦♂️
Another extension, likely outcome
Less than 24h hours to go before we will know direction (hopefully)
As time gets closer I’m feeling that the deal might not get over the line …. Naturally hold till the shut date has passed - Gla
Https://www.finextra.com/pressarticle/99595/moneygram-adds-four-senior-hires-to-leadership-team
PD
I wouldn't read anything into the latest dip, just bored PIs/speculators offloading and deploying their capital elsewhere as this has been dragging on for several months. Many long term holders including me will be happy to wait the outcome. Either we get taken out at a reasonable premium OR my preferred option is that we stay independent and grow the business.
Yes it does look that way, or being pulled down to fill an order, or maybe another extension! Happy to hold.
Think we have dipped, I would assume no takeover based on current SP. Hope Im wrong but feels that way
Either way a great future awaits
Yeah would dip down a bit initially I think if no buy out but most likely rise back up above to current levels after the initial sell off. As was already getting above 100 before bid news. Would be a good buying opportunity I would think.
IMO!
90-100 range I should think but with some trading opportunities back under 90.
Where do we think the SP will settle if no buyout
🤦♂️
I'm of the opinion that any weakness is a good topping up opportunity. I would speculate that the continued extensions of the offer window suggest there is interest in the company so would expect a bid at some point. Why keep extending if discussions arent taking place? Happy to wait in the mean time though.
Dudliner, I agree with your view, why hang it out so long if it wasn't going anywhere. The only thing I can think of is raising the funds in this environment, but again why so long. Unless the offer is so good Ian is willing to wait, who knows. I'm tempted to avg up!
A little hard to fathom the SP weakness post the bid extension.
The chance of a deal happening is surely more likely given continuing discussions otherwise would expect Ian to 'knock it in the head'. You would have to surmise there is agreement around what would be an acceptable offer.
Whilst we have a new deadline there is nothing to say we don't get an announcement before the end of the extended period confirming a deal has been struck.
Time will tell...
Waiting game again! At the end of Feb that will be 4 months. It looks like Madison Dearborn Partners LL a leveraged buyout model (all new to me!) and may be in the process of trying to raise the required funds, who knows.
“Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies”
“ A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition”