Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The inevitable short squeeze will add to buying pressure, pushing up the SP as well, those with shorts open have a mandate of a certain percentage, for example 6% increase, when SP goes up by the certain percentage they are allowed, they ARE FORCED to buy and close or reduce their position to prevent further losses, this is good for traditional holders, and gives shorters a punch below the belt. Bring it on!
Totally agree BB88. Sad but this is the cold reality. Whilst UK plc remains undervalued compared to US we are wide open to PE. Tesco, Sainsburys M&S etc.. Are all vulnerable.
Purely from a selfish point of view this is good because it will re-rate shares. The ideal would be that this makes the market realise the value, pushes SP above £2 for good and the TO is rejected. This is a good company for employees, customers and shareholders... If it were to be sold I would hope its not PE and it remains in British hands... But that is unlikely these days.
Bigboot
Absolutely spot on. Asda will replace their garages under the EG branding owned by the 2 brothers. I believe Asda have sole or are the process of selling their logistics business. Managerial jobs are being cut and the 'shop floor' is cut to the bone.
Possibility of the offer being increased and some investors to see a return but for the business and staff this will be disastrous for them.
Like Asda, this is all about asset stripping. They raise some capital 5-10% from their own shareholders then take a massive mortgage, add this to Morrison’s and then strip out and sell the key assets. Morrison’s owns lots of properties, these will be sold and then leased back to Morrison’s. It’s factories and abbatoirs will be sold. So they will make a lot of cash by breaking up Morrison’s, once the best assets are sold and Morrison’s has paid back the debt they put on the company, they sell on and exit, around 3-5 years later. Doesn’t seem fair or ethical that they can make Morrison’s pay back a debt so they can clean up but this is the American model, like Man Utd, like Asda so it will happen, money talks and Morrison’s assets add up to more than the current market cap. The 110,000 employees are not even a consideration. They are not buying to try and improve its fortunes, it’s to be stripped and dismantled.