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Flattered to be mentioned on a post of late. With LONR I'm mostly looking long term but of course anticipated some fluctuations between now and 'then'. Regardless of what your average goon says, I have bought and sold at a time that has brought me some substantial gains over the past while and I'm in command of a pretty tasty and highly profitable portfolio. Nice to come on here every now and again and have a chuckle. Not bad for a young pup ;) DYOR though
you may very well be right.
sub 3p lol??????
...or I shdn't have drunk the champers before buying lol
Maybe you should have bought a half dozen bottles of champers instead of 10000 !!
to be tested?...soon?
sub 2p for moment on one day (3rd March 09 according to yahoo) The only week of sub 3p i can find is that w/b 2nd March 09 4p has been decent floor here imv.... & placings have brought money in here at higher sp.... ...but history is bunk lol ...pay & play, folks ...opinion only
Corporate Update · During the quarter David Lenigas stepped down from his position as Executive Chairman on the Lonrho Board and departed from his role in Lonrho, to concentrate on his role as Executive Chairman of fastjet, Africa's first true low cost carrier, and other personal interests. · Following David Lenigas' departure, Ambassador Frances Cook was appointed to the position of non-executive Chairman of the Company, separating the executive role from the Chairman's role. Ambassador Cook has been a Non-Executive Director of Lonrho since 2007 and the Senior Independent Director since April 2011. She is a former U.S. Ambassador to Burundi, to Cameroon and to the Sultanate of Oman, and the former U.S. Consul General in Alexandria, Egypt. She also holds a number of other directorships and brings an extensive and unique knowledge of Africa to the position of Chairman of the Company.
Doesnt seem to be much in the way of directors' buys in the last five years. Am tempted to buy at these levels but am at a bit of a loss as to the direction its all going ..... can someone list the positives? Am not encouraged by the barchart (for what it's worth)!
No, not "someone else," yours of 1 November, methuselah.
I don't remember the' telling you to move on' bit. That must have come from someone else. Anyway, I hope the talk about Lonrho continues. At least it's a means to practise writing skills, investgative journalism coupled with pithy,humourous observations And you do both very well. Who knows what awaits us.
"Not stuttering. Just Scottish" 22 March 2013 Well worth reading this interview with Lonrho Hotels' CEO "Ewan work-to-begin-shortly-in-Beira Cameron" http://www.moneyweb.co.za/moneyweb-safm-market-update/r-908 Yet again, not a single commercial media source has gone to the heart of the latest Lonrho fiasco. Even The Daily Telegraph, (exhausted or worried about impartiality?) has been silent. This is more than a "stutter." Lonrho has budgeted for sales that simply do no exist. Worse, they have uncovered leasing costs, debts and ongoing payments (esp. to Cambria). When Lonrho plummeted to 1.9p it quickly bounced back. Today's buyers are "playing" an historical 60% downside v. recovery. Today's "Weak Buy" is as much to do with fundamentals as it has to do with our glorious Emperor's clothes. kibu "the foamer"
Oh dear, jolly, do you really think Bruiser's left? You've either got more money than sense or this is another of your attempts at humour. Stick with what you're doing daytime. I'm not sure if we have anything worth discussing publicly but I'm sure you're better off. Good on you. kibu
leni's left
Stelios and Lenigas live close to each other in Monaco. Wealth and distance do not align their interests with shareholders. While Monaco is at 13C for the weekend, the UK chill may help investors look more critically at the Lonrho Board's achievements since late 2005. kibu
"easyHotel's African expansion stutters" 22 March 2013 News that Africa's first easyhotel is far smaller and in a different location than leased last summer is not the first dramatic U-turn in this increasingly complex and costly story. In September 2011, David Lenigas, on Bloomberg, said that Lonrho/EasyGroup franchise planned "budget hotels in Ivory Coast, Nigeria, Tunisia, Morocco, Egypt and South Africa." On 4 October 2011, Lonrho announced their first development - in Mozambique. It reached agreement with LonZim to pay $5.1m for an 80% stake in ATdM. This 'company' owned property that included two derelict hotels. Lonrho "plan to refurbish an existing property on the site to establish an easyHotel by Lonrho and provide quality office space for key companies seeking to establish offices in Beira" ran the news release. The former Hotel Dom Carlos would become a 90-bed hotel. The agreement included liabilities of $2.7m. This was the same property that LonZim, managed by the Lonrho BoD, had bought in March 2008. Having done nothing with it, despite announcing grandiose plans, they sold it to Lonrho, and managed to book a profit on the deal for LonZim. After 2011's inspired accounting, the site decayed further. In autumn 2012, Lonrho Hotel's CEO, Ewan Cameron, said that work (was) to begin shortly and that the budget hotel will include 80 beds. In early 2013, the hotel still housed "hundreds of poor families" according to local press. Effectively, this has been a 'dead' investment made by Lonrho's management. Five years this month with no return. Enormous investment will be required to turn the hotel into a place that people would pay to rent a pillow (see "Dom Carlos Beira" Google images). Little wonder that, almost two years into the "MFA" and with no results, the easyHotel venture switched again. This time to South Africa. They signed a 30-year lease with Afhco on part of Stuttafords, an iconic building in Johannesburg. It appears they failed to find out the full extent of refurbishment required. Afhco now has a problem too although one employee today denied that Afhco was involved anymore. Their website, nonetheless, continues to offer retail and office space at Stuttafords. None of this should surprise those who have followed Lonrho's Byzantine business dealings over the years. What may surprise is that easyHotel is such an "ideal" bed-partner. In July 2008, easyHotel upgraded their website. An article 'easyHotel Upgrades Web Site Without Losing Its Cool' references "a plan to introduce 200 hotels in 10 years." Today, easyHotel's website claims a mere "15 hotels" (although there are nineteen - twenty from Tuesday). Their website today still showed the Stuttaford picture. Stelios and Lenigas live close to each other in Monaco. Wealth and distance do not align their interests with shareholders. While
now u tell me..... ...sell on Mon then
Jolly, WADR you are bonkers. Did you really buy at 4.57p? I posted "weak buy" but clearly qualified the opinion. I didn't spend a sou. Have you been talking to EIMatador? Can you share your secrets to profits please? Then URGENTLY share them with the Lonrho BoD. k
M, At the time you told me to "move on," do you remember EIMatador's 3 November post? Reminds me of a Kaupthing investor. "Slap a bit of cash in here" he wrote, ****ging off my 10.25p "sell." His Wednesday post should also be contrasted with his 5 Feb post. Absolutely priceless. k
I lost £4K on my old employer, but I must say this post is a classic.
Interesting wall decoration at the Hotel Lamunu (aka Easyhotel from next Tuesday): http://yaelastage.blogspot.ch/2011/10/hotel-lamunu-braamfontein-is-blowing-my.html Not enough to get the bus moving without the wheels but at least we'll own hub caps next Tuesday.
Jolly, absolutely agree with your analysis. I'm certainly not selling and, in fact, I am tempted to make a small purchase. Not in any great rush though.
agree, finbarr ...director buys or reassuring Q1 trading update would be rocket fuel imv... ...for me a hold not a screaming buy at these levels...it's the debt that puts me off (loss making plus debt ain't a happy combo) opinion only
Yes, agree that some sort of bounce will happen in the not too distant future. It wil probably depend to some extent on the general direction of the market -- or if Emma Priestley uses some of her cash savings to buy up some stock. That would be the mother of all'buy' signals, wouldn't it?
v oversold...so bounce on imv