Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I think there is a good possibility that the deal will be voted down. If it is I wouldn't be surprised to see 200 plus as you suggest.
Seems to have taken it down
2 x 19.5k buys....every time this drops it keeps being bought up!
Discount narrowed a lot and possibly market pricing in deal being voted down by us LMI holders....this should be £2-2.50 ATM
Nah mate im in NI!....seems so the 16% pop got me thinking lol
Couldn't go today Ta. Did you manage to go? The Board are still fixed on the takeover it seems.
Based on the 30 trading day volume weighted average price of R18.67 of Sibanye-Stillwater Shares on the Johannesburg Stock Exchange for the period ended 13 December 2017 (being the last Business Day prior to the date of this Announcement) and the exchange rate on that date being R18.056:£1, the Offer values each Lonmin Share at 100.0 pence and values the existing issued ordinary share capital of Lonmin at approximately £285 million and represents a premium of approximately:
AGM 100no!
Being a newbie and somewhat lacking knowledge of the stock market, as it is a sharks game to say the least!!
The way i understand this share is that Lonmin have agreed a sellout to Sibanye-Stillwater at some date in the future, which the price is lower than what it is currently.
Question is, is this the case, or is Lonmin still going to be a separate company and trade as they are know on the stock exchange and we may see a revive in the share price?
I would love to hear the thoughts of those with a better knowledge.
Thanks
Poor finish....rev candle EOD
Going solo is the only way. The Board have to do what's best for all shareholders. They must realise by now the deal is horrendous.
80p Touched....needs to hold and if strength continues against SGL sp could be signaling a better bid or solo mission?
Whatamess - The increase in the other PGMs outweigh Pt's current weakness. I disagree with SGL offering safety. They have large debt, problematic relations with the unions, dreadful safety record, U.S law suites, poorly performing gold mines etc. LMI on the other hand have net cash, good relationships with the unions, good safety record and are a pure PGM play. The mkt cap of £200m is ridiculous. This is so undervalued using any parameter such as forward pe, bv etc...
Whatamess - Yes... There is potential in SGL but the rise in LMI could be substantial within the next three years. The current valuation is a joke. If Pt rises to the levels I believe then forget the chatter on here of 100 it will far surpass that.
So a quick macro update which ultimately affects stocks. Fed paused on Wednesday- which caused a huge rally in equity markets- but as they are so dovish and according to Bloomberg- traders are now pricing a 50% chance of a rate cut next year. Gives two signals to market. That economy is slowing too yet getting propped up currently. Nevertheless best time to get into growth names as they are still worth it even in this environment- which this is- and other real good growth names in USA- this dude speaks of a good one which can potentially make 5-10x return https://youtu.be/RNbvByjVVyo
I don't think they should bother negotiating with Froneman. If he was running LMI right now what do you think he would do. He would most probably walk away and say come back in three years when he could sell the business for 5x more.
Ta - I reckon if the Board decided to pull out of the takeover the shares would double in the short term and increase further with the probable increase of pt. The mkt cap of £200m is far too low, lets face it it would probably cost 10 times that to replace.
This morning needs to hold EOD 80p next
Anyone have an idea what this could keep climbing too?
Is £1 being to greedy? my average is 81 and been waiting a long time for the recovery.
;-)
0.967 SBGL share for 1 LMI Share offer isn't that good given SBGL share price is $4.70 so 0.967 of a share equates to nearly $4.50 or £3.35 for every 1 LMI share
Rastuss look at mining weekly article it has a slightly different take!
Sell off = Bearish now
An insulting offer if there ever was one...
0.967 SBGL share for every One LMI share.