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Up 4% on a £310 buy?
That’s the aim-way right? Like a pack instinct to launch into something for fear of being left behind. The early adopters are always the winner in the low cap markets
No trades
No trades
No trades
No trades
200M traded in 4 hours
That sort of thing is normal here right?
Agreed - all trades yesterday went through at 0.6, so I think we’re there. Will be curious to follow the timeline for when this picks up and shifts north.
It's not impossible but it just filled the gap at 0.5p so that seems a decent base to start building a stake.
I can’t see that low personally, but this is aim so...!
I’d expect KLKI to be squeezing out any shares they can get into their hands, hence the negative pattern when looking at the buy to sell ratios over the last three weeks. This is a controlled drop and not on market mechanics - so I still believe there is something good ahead. Indicator would be KLK dumping in volume (but why would you bin £2m of recently bought shares when you have $46m in taxable discounts to maximise!).
The price has been eroding for weeks and we rarley see a green day. I see this tagging 0.3p.
I reckon there's a good chance that 0.55p is the bottom for now. Hence I've started building a stake today.
GLA
Agreed - the true value will be realised once the decision on RTO Is conformed by 10 Dec. I don’t think it’ll go to the wire, so that information should be forthcoming fairly soon on intentions (I need to swat up on required timelines etc).
You would think it would have to mean 5p+
You would think it would have to mean 5p+
Well KLK have moved in, so its just a waiting game. This did hit 1.35 and has halved in the wait. I think this is the bottom. Its priced in.
EPO is a crude palm oil producer founded in 2005 which, through its 50% interest in Liberian Palm Developments Limited (‘‘LPD’’), a company incorporated in Mauritius and its subsidiaries, has 50-year concessions to develop approximately 86,000 hectares in Liberia, West Africa, of which 3,750 hectares are currently planted with oil palm.
KLKI became EPO’s joint venture partner by acquiring a 50% interest in LPD. Subsequently KLKI acquired a 20.1% shareholding in EPO and subscribed for an additional 34.7% which, under the Takeover Code, required KLKI to make a mandatory cash offer for EPO. As a result of this offer, which valued EPO at £17.7m, KLKI now owns 63.2% of EPO.
Posted to point out the scale-up possible for EPO in Liberia and also how much KLK now hold
How much stake does KLK further need to buy?
Is how low will the sp drop before significant news. 2 months is a long time in shares to wait without the sp dropping
KLK have put too much cash up already to buy a controlling stake to then ignore the $46m in taxable offset. It’s going to make a move north from this point - to what level is the question. Timeline for enacting plan is by 10 Dec - so not too long in RTO terms.
So where do people think this is going? Hoping for a reverse take over? Is that a realistic view or more of
a hope?
Not much info shared there - i got excited :(
Pattern of decent buys being printed after hours each day - someone is clearing up on the sells coming through.
Exactly the same analysis i've always used on this stock. I think you'll only be holding this for 2 months max as thats when the KLK need to make a move. In 2 months time, sell out - or it will be rockets when KLK move and you'll have a happy decision to make.
I asked him on twitter what he thought about the share when it recently dropped back to below .7 and asked if he still thought there was value. His reply was whilst KLK were involved on the board he would would continue to be invested, if they moved away he would re-evaluate. Makes sense and is my strategy here
Is he still invested? And has he made any recent comments about this share?
Apologise for the slow reply - been up the hills today. I’m looking at the fundamentals on this and it seems primed for a kick. If KLK put down 5p a share, it’s got something like 8 bags to reclaim. MTFB I think topped 40 from
their low - so where is our low? Here or a bit lower? Not sure any much lower as KLK would be taking the opportunity to pick up surely? They’ll have certainly bought into this to maximise the taxable offset (c.$50m isn’t it?) and so I expect something sizeable to reverse into this. Calm and sensible holders will maximise their returns and I expect at least 5 bags as my objective.
Yep! Looking forward to bringing my average down. They have 2 months to move so I have probably got a month before it will rise and everyone piles in.
...seems to me the lower it goes the more I can buy at these silly prices. KLK are just taking their time,