Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: NickRubens, 19 Jul 2022 09:02
Last post: mick-b, 2 Aug 2022 15:34
CHEERS !!
PHTM had been "delisted"
From today it's new ticker name is MEGP.
I've put the first post there on the new forum to help identify it, for anyone confused this morning - as I was!
Naked Trader 25/07
'It was a no brainer to top up with more shares in Photo Me. PHTM.
A stunning report leaves the shares looking mighty cheap, they ought
to be at least at 125p.
Even after rises, the forward pe is very low, it has a ton of cash and both
the booth and laundry businesses are flying making it a bid target for me.
On top of that there's a massive dividend and a special dividend is on the
way too. Definitely one that ticks all the boxes.
Looks like PHTM should deliver another couple of great statements and
would expect to see the shares gather steam once they can clear 100p.'
Just a post to admire the triple figure SP on display to the left :)
- And say to it: Hello old friend, long time no see :)
SP is a little overbought currently so I expect some consolidation issues around this level until the overhead supply dissapates away.
Spot on Velo. Tipped as a "buy" in Shares Magazine yesterday.
I wasn’t aware of that, thanks. Let’s hope the results don’t disappoint.
A tip from a well known tip sheet...so essentially a false rise. Still good volume nonetheless
Does anyone know the reason for todays reasonable rise in a sideways market? The volume appears pretty decent too with an update due next week…
https://m.youtube.com/watch?v=tUa8dt0hfH8
I recently recorded this podcast with Maynard Paton on Photo-me of which I am a holder.
Started: Velo, 21 Mar 2022 12:25
Last post: highstakes, 8 Jun 2022 09:39
No wonder Mr Crasnianski wanted the whole company. Maybe if he'd offered a half decent price he might have got it.
Heading over 100p now?
Last post below (like this one) is under the incorrect subject heading
- Should have been Something like: "Latest trading update just released"
It's new-News not old news :)
Quick post:
And the good news continues!
Trading update published yesterday 7th June (see RNS above) opened with the following sentence:
" The Group has performed above expectations in the year to date."
ABOVE expectations!!!!!!
Just what analysts dream of hearing.
***All forecasts were adjusted upwards yesterday.***
The Market went bat-sheet crazy and the SP gapped-up hugely from the open closing up in the 80's.
A gap-up! Expect more to come from the SP :)
The recovery is on and gathering strength. Crisis in the SP appears over. It will /should climb from here on-in.
Terrific dividends beckon too. All divisions improving dramatically.
All coming good. No longer to be derisively known as a dog of a share! :)
Phtm is doing a 'Ukranian' and fighting back!!!!
I often follow the screening principles of Bill O'Neill one of the US Gurus and was surprised to find Phtm as a top choice this morning as a result of the final trading results. Not only that but Phtm is now selected amongst 7 of the world's differing stock market gurus selection process.
I'm treating that with raised eyebrows in a Victor Meldrew: 'I don' t believe it!' expression after all the pain this stock has exerted on me over the years.
Whatever, Phtm is now flashing up on several selection screens by the high and mighty. I say they're playing with fire but they're the "experts" not I.
Now expecting a decent SP performance in the short term at least.
DYOR though.
Results well received by the market, resulting in significant recovery in the SP (so far).
Revenue 15% up on last year. Net profit restored against a loss for the year prior to last year.
Analysts have enthused calling it quote: " Progressive recovery".
What's not to like?
Every expectation that price will eventually surpass the old bid buy-out SP attempt - under it's own steam. So any further buy-out attempts are going to have to make spectacular improved offers to compete with the natural growth.
. Only concern is, will the CEO deliberately drag his heels on the recovery? Difficult to know his emotional make up. Will he do a Putin and go all destructive, or what?
Started: swingman, 10 Mar 2022 10:41
Last post: jedclampit, 11 Mar 2022 07:41
I haven't seen all the small print but normally when a bid fails the bidder cannot make another bid for 6 months, but as I say i haven't seen all the small print.
Now the bidder can still buy say another 10% -15% in the open market and then make another bid where they might win at say 85p.
As 45% were happy with the offer and they have already own substantial % of the company, it's. more likely another slightly higher would come fairly quickly. If not why hang-on the holdings. Fair value is about 81p. Anything north of it would be acceptable as the current global outlook has deteriorated.
Started: whitleywarrior, 9 Mar 2022 10:20
Last post: jedclampit, 9 Mar 2022 11:05
So Bidco got approx 45% with 75p offer, but now what's to stop Bidco just buying up all the shares they need on the open market at 63p ish.
So the offer of 75p has now lapsed with acceptance votes representing about 45% of the shares - the majority of which are held by Bidco and representatives. My thought is that this is a good thing despite the drop today in the share price which seems strange as there are almost 6 times more purchases than sales.
Started: NickRubens, 25 Feb 2022 13:02
Last post: jedclampit, 2 Mar 2022 14:59
So as of close on 1 st March still only 36% for offer, to me it doesn't look like this will go through as the SP is now going down.
Just got the details from my broker on how to accept the 75p share offer. Still not convinced it's a serious offer but perhaps just a value opportunity figure to satisfy the mandatory bid obligations. I would rather stay on board as PHTM do have a history of resilience to come out of difficult trading conditions.
Started: Fevertreeman, 23 Feb 2022 12:59
Last post: Fevertreeman, 24 Feb 2022 14:55
Yawohl
I think you mean "consistently below 75p cash offer".
tells you that Mr Market does not think this will fly, and nor should it in order to line the family pockets at shareholders expense
Started: Fevertreeman, 23 Feb 2022 12:57
Last post: Fevertreeman, 23 Feb 2022 12:57
NEDs have voted not to accept which means most institutions will follow suit. It could be tight but I suspect come first offer closing period Le Frog will not have got control, and the bid will either lapse or he will be forced to up the ante. Certainly the PE group that bought in will feel aggrieved that he is attempting to shaft them unless there is some pecualiarly Gallic backroom deal that wont come out till further down the track
Started: Fevertreeman, 23 Feb 2022 12:47
Last post: Fevertreeman, 23 Feb 2022 12:47
Woeful behaviour from the ****y Frenchman. I note with sanguine amusement the investment case on the website which makes a tailor-made case for why shareholders would be bonkers to accept this junk from this character, including
Strong balance sheet
The strength of our cash flow from our operations allows us to self-finance capital expenditure programmes and technological innovation while also returning cash to shareholders by way of dividends as appropriate
Started: NickRubens, 23 Feb 2022 11:08
Last post: NickRubens, 23 Feb 2022 11:08
The offer is open until March 8th, but how does one even accept the offer, if inclined to do so? I've not heard anything from my broker (HL) who hold my shares as nominee. Cheers NR.
Started: Fevertreeman, 16 Feb 2022 10:35
Last post: Fevertreeman, 16 Feb 2022 10:35
Been involved in enough bids over the years to know that this is not going to happen at this price. As the NEDs (that in itself makes me smile) pointed out the actual offer price was at a discount. In normal situations where you are trying to get hold of a company, you have to pay a premium for control to your other shareholders.
The NEEDs have no choice IMHO but to recommend against accepting the offer otherwise they would be failing in their fiduciary duties. So what happens next? Notwithstanding the withering criticism that should be levelled at Serge and the Dan David Foundation, our Frenchman is going to have to come up with something north of £1 to have any chance as the business is now beyond the trough point in trading terms. In effect the Frenchman wants to take the shareholders out at the lowest point in the cycle, and keep the spoils for himself.
Started: NickRubens, 11 Feb 2022 13:06
Last post: NickRubens, 11 Feb 2022 13:06
At the moment we are trading slightly above the offer price. So we are still waiting for the formal offer document and to hear from the Independent Committee's full response to the Mandatory Offer.
Are they likely to say it's an opportunistic attempt to buy the company on the cheap and advise shareholders reject the offer? With the latest trading update I would have thought there is further good reason to reject the offer.
Or is it just the formality going through the official protocol of a 'mandatory' offer without expectation that shareholders will accept it anyway, hence pricing it low.
They wouldn’t Highstakes, these must surely be worth more but with Sergio and co owning most of the shares our votes may be of no consequence.
Why would anyone accept such a derisory offer, especially in the face of such a positive trading update?
It just wouldn't make any sense!
Thanks Velo, I’ll take a look later when I have time but off the cuff the buyout was announced 21st Jan so 21 days after this would be this Friday.
There's a good chance the offer will be rejected.
Started: Fevertreeman, 9 Feb 2022 10:23
Last post: Fevertreeman, 9 Feb 2022 10:23
As I have posted before this has been carefully managed by the octogenarian to screw over his shareholders, and anyone with a long memory, will recall he has clashed with investors before.
A few weeks ago I wrote this about his modus operandi:
"Put out gloomy announcements, cut forecasts & shelve dividend. Then as things pick up don't frighten the horse by being too bullish which would really drive the sp, but release carefully calibrated RNSs always with the "we remain cautious about the future "line whilst gently raising forecasts (note: this must be below what he actually expects he can achieve)"
Frankly this is an outrageous state of affairs. One wonders what prompted the so-called charitable foundation Dan Dare or whatever it is called to pledge its stock at the time it did. Governance issues galore!
The professional institutions will be furious with the behaviour of the Board. In any other company with the restructuring behind it yielding significant savings, growing cashflow, clear evidence of recovery all around etc....they would be reinstating the dividend and raising forecasts. Remember this company in normal times throws off huge wodges of cash
THE NEDs need to cry foul on this - cannot have a situation where shareholders are this disadvantaged. The Frenchman has no intention of restoring the dividend because he wants it all for himself.
Started: Velo, 9 Feb 2022 08:43
Last post: Beza, 9 Feb 2022 08:49
My thoughts exactly. How are we in a situation where we have an event which puts a ceiling on good news! Plus, I bet they could have reintroduced a divi which would further inflate the price (under usual circumstances) Very frustrating. Does anyone think that this still may keep trading or is the 75p offer a ‘done deal’?
In any other circumstances, the single sentence copy/pasted below from today's trading update RNS, would be a cause for celebration and a re-rating of the stock - and SP-wise the righting of the wrongs in a lowly SP.
Instead it feels like a taunt as in - but you won't be around to enjoy the fruits of that recovery, as I'm bagging it all for myself:
---------
" The Board therefore now considers it likely that the Group's performance for the year ending 31 October 2022 will exceed its previous expectations, assuming COVID-19 related restrictions are not reimposed."
---------
He ain't getting my share for a miserly 75 p.
Started: Fevertreeman, 26 Jan 2022 09:45
Last post: Fevertreeman, 26 Jan 2022 09:45
The other element to the Serge smash n grab involves French PE group Monterfiore that took a 7pc stake in autumn 2020, at which point one has to ask the question:
1. Why would they build an 8.5% stake only to allow SC to take it private at a risible price?....and the answer has to be either
(a) they intend to hold out for substantially more, hopefully backed by the other big institutions OR
(b) they are allies of SC, and the next link in SC ensuring top dollar for the family, as in Tibergest Singapore take it private (and SC intends not to change things a jot to the operations) and after a suitable period (i.e. once the dust has settled and SC thinks the coast is clear) he offloads the whole thing to Private Equity who pay a decent premium .....
Started: Fevertreeman, 24 Jun 2021 17:48
Last post: Fevertreeman, 26 Jan 2022 09:14
Back on 24 June I wrote this post the board changes...."Board changes look very sub optimal. All mates or relations of Serge - no wonder the share price dropped 5%.....increasingly looks like this is being positioned to come off the public markets with a bunch of financiers as NEDs. Very underwhelming news"
It was obvious to me then that this was SC's game. However even I didnt think teh arrogant Frenchman had the guts to present this crock of **** as the appropriate value for this business. No wonder the NEDs put out that statement! He has an appalling governance track record, and view shareholders as idiots! Lets hope theat Schroders and the others figure hard to prevent this outright theft and ensure that he pays the proper price to get the the astounding cashflows this business generates.
SC has always been something of a bandit and I always felt ultimately that he would try this, and Covid gave him the perfect cover to reach for his playbook, and plot the moves. All this was done with cover being provided by teh pandemic crisis for which s/holders paid the price. His moves were there for anyone who cared to see them:
1. Put out gloomy announcements, cut forecasts & shelve dividend. Then as things pick up dont frighten the horse by being too bullish which would really drive the sp, but release carefully calibrated RNSs always with the "we remain cautious about the future "line whilst gently raising forecasts (note: this must be below what he actually expects he can achieve)
2. Meanwhile use covid to force restructure of the business in anticipation of taking the group private
3. Make changes to the board to ensure daughter & allies in place before the smash n grab is announced
4. Invest in laundry and make bolt-on acquisitions like the pizza business etc
Board changes look very sub optimal. All mates or relations of Serge - no wonder the share price dropped 5%.....increasingly looks like this is being positioned to come off the public markets with a bunch of financiers as NEDs. Very underwhelming news
Last post: whitleywarrior, 21 Jan 2022 18:44
Agree with the comments on this being a rip off. Just as things were turning the corner as we come out of the pandemic and things looking a little brighter and more positive for PHTM, he does this to us small investors. I'm gutted and disappointed.
Agreed Velo, I’m not happy with the buyout price at all. It doesn’t help though with the constantly low valuations placed on some companies by the market…
WTF?!?
What a rip-off! 75p my Rrrss!
After all the positive things said about Serge Crasnianski in the media over the years it turns out he'll rip-off private investors, if he sees a chance to exclude them from a now (by general consensus) reasonable opportunity to recover the SP from here. 75p is all investors will get.
He's stealing the company on the cheap - at the expense of long-term private investors. His name is mud to me. Just another financial robber.
75p is not a fair offer at all - It's akin to out and out thieving!@!!***!!!!!!!!!!
Somebody mentioned a £1
He's not offering that.
The only chance is that one of the 3 largest holders after Crasnianski gathers support to fight the rip-off steal price and gets him to pay a fairer price. But he's determined to steal the company 100% for himself now that he sees the road ahead is one of increasing revenue and earnings. And he wants investors out of the picture so he can profit from it 100% for himself. I wouldn't even sell for a measly £1. But it's going to be a forced privatisation so we'll be treated with contempt as suckers.
What a ****t he's turned out to be!
Last post: jedclampit, 21 Jan 2022 13:52
Agree with all the posts about this rip off deal, but with them now having 36% ish it does look like they will have it in the bag for 75p In my view there's not much more that can be done, shame as I was looking to a £1 within the next few months. But that's how these sharks work. !!!!!
" Serge clearly realizes he could take this private again at some point, grow it and float it again in few years time. "
------------------------
That's exactly the plan he has, there can be no other reason.
He's counting on retail private investors behaving like the muthafukka-suckers he regards them as, and expects them to become victims of his burgalary - and the same ones who lap it all up and rebuy again when he's ready to relaunch. He's counting on PI's having the memory of a goldfish.
Take it private by all means - for a fair price
-but for 75fecki'n pence!!! Oh C'mon!!
75p outs him as a tw.- At
Serge clearly realizes he could take this private again at some point, grow it and float it again in few years time. This is a good asset for private equity to take on, not sure who else would be interested in this.
… I thought that the offer was 75p?
After Today's news of a pounce, Reckon we shall see near a quid !
Started: NickRubens, 17 Jan 2022 10:04
Last post: Johnnydurex, 17 Jan 2022 13:14
The pizza vending machines are 9n trial in France-this could be a game changer
Confidence returning to Photo Me. 10th Dec 21 trading update reaffirmed profit guidance between GBP25 million and GBP30 million (before exceptionals) . Final results due 23rd Feb. Not sure if a dividend will come this time but perhaps in the year ahead. I'm expecting a run up in the SP ahead of results, especially if the market thinks they may contain a good forward looking statement.
Started: Johnnydurex, 14 Jan 2022 20:07
Last post: Johnnydurex, 14 Jan 2022 20:07
A tie up with Morrisons will see 50 more revolutions sited
Started: Time2Buy, 2 Aug 2021 15:26
Last post: jamrock, 12 Dec 2021 08:44
https://www.fool.co.uk/2021/12/11/too-cheap-to-miss-3-penny-stocks-id-buy-right-now/
A good write up for phot me
The government changes regarding COVID testing around holidays is clearly going to see U.K tourism numbers increase and surely this won’t be a bad thing for PHTM.
Started: Time2Buy, 14 Jul 2021 12:20
Last post: Time2Buy, 14 Jul 2021 12:20
Started: Time2Buy, 12 Jul 2021 10:04
Last post: Time2Buy, 12 Jul 2021 10:04
Very pleased with the progress which the company is making.