Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I Know Yanis, but I I don't know how else to try to get through to DGU after all these weeks and months. He admits to being a novice which is fine because we all were once but he seems reluctant to face the reality of his actions.
I doubt (without painstakingly going through every word CC has uttered), that there has been anything misleading. There was a time when she was optimistic, but otherwise I have never read anything which made me think anything was remotely nailed on.
I'm not sure aim is the jungle rather that it deals more with small companies with on the face of it, great potential. This attracts emotionally susceptible investors who think they will get rich quick and hear and read what they want. And as a result over extend themselves.
Wyn as late as End of Jan 22 this was being spouted:
“This is the third year of consecutive revenue growth in the UK&I market, demonstrating clearly that the benefits of the rebuild strategy continue to deliver and that the recovery is built on sustainable foundations.”
Sustainable- really?
I am sure it was Jack. Overheads had been reduced, sales were increasing, profit margins sustainable, even with discount. Basically it was on track. But the key there is "on track". It did not mean they were there yet, simply it was still progressing to plan.
I heard, " ...this is slow and we are still losing money..." So , to me it was not overly positive. Others here took a different view.
And to be fair, I think there is not enough consideration to the upset the Russian/Ukranian has caused companies incl EVE. (remember, forget the politics, but it was to be a 5 day war and most expected the Russians to walk in and it all be over very quickly so any spike would be very short lived.)
Just taking this opportunity to say a big ‘thank you’ to all the fellow EVE shareholders that I feel some emphatic support from.
It’s tough to know what is the best thing to do now.
Wyn, you read it as “… this is slow and we are still losing money..." and to you it wasn’t overly positive?
Ofcourse it wasn’t overly positive since there is no profit yet. They are still loosing money yes, they chose to be loosing, remember the 2021 investor webinar?
But, as Jack pointed out “This is the third year of consecutive revenue growth in the UK&I market, demonstrating clearly that the benefits of the rebuild strategy continue to deliver and that the recovery is built on sustainable foundations”
Not only they were growing revenues but as they said in 2021 … were going to reach sustainable profitability in 2022.
There is no question about it, their statements on growth and profitability did not come to pass. Instead, we are now facing an uncertain FSP.
One invests in developing companies for the potential growth and maximum returns. Going in early before profitability you can earn a lot more bags for your money than waiting for success (profitability) when the SP will be much higher.
In 2021 EVE looked that it had a bright future, at one stage the cash in hand went up. It all looked and sounded very positive.
A lot of us fell for it. DGU needs a bit more time to come in terms with that fact that what CC & TP promised did not materialise and learn from it.
Anyway, hopefully for everybody’s sake,, this disappointment will change to delight by EVE finding a buyer willing to pay a good price. Is possible, fingers crossed.
Morning Yanis,
"Ofcourse it wasn’t overly positive since there is no profit yet. They are still loosing money yes, they chose to be loosing, remember the 2021 investor webinar?"
Oh yes, I remember that very well.... that was also a very red flag. It was difficult for me to square that statement with a company that had never made money previously and that the market was keen to see if they had done it and apparenttly thay could bur decided not to....
Yeah... that didn't fly for me. I just didn't believe it. So that's why I came to the conclusion that they HAD to go into France while they had the money. It looked last ditch to me at the time.
But when you say "Anyway, hopefully for everybody’s sake,, this disappointment will change to delight by EVE finding a buyer willing to pay a good price. Is possible, fingers crossed."
I could not agree more.