Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That the directors/officers of Playtech have posted their holdings implies constructive discussion, at the very least, nearly a fortnight after a further bid was intimidated on 2/3/22.
A Dr. Choi Chiu Fai Stanley has joined the fray and bought 2.99% of PTEC yesterday. He's H/K top poker player and also owns 13% of Air Asia. Albuba the shell co. they also use bought another 962,854 shares yesterday. Nobody is working in concert! What a joke....
albula bought another 1,000,000 shares yesterday
So looks like we should beat the 680p on any offer and now CEO is getting into bed with TTBond bidders
Update re: possible offer
On 3 February 2022, the Board of Playtech (the "Board") announced that it had consented to a request from TTB Partners Limited on behalf of an investor group to be formed and advised by it ("TTB") to release TTB from its restrictions under Rule 2.8 of the Code to allow a possible offer for the Company to be considered. TTB indicated to the Board in a letter dated 3 February 2022 that it expects any offer, if made, will be at a higher value than the recommended cash acquisition by Aristocrat Leisure Limited of 680p per share, announced on 17 October 2021.
Further to the recent media speculation, the Board announces that on 20 February 2022 it was notified by Mor Weizer, Director and Chief Executive Officer of Playtech, that he wishes to explore participating in the investor group formed and advised by TTB in considering a possible offer for the Company. Mr. Weizer and Thomas Hall, a former Director of Playtech, have approached TTB with their interest in participating in the investor group.
The Board will now form an independent committee consisting of the Playtech Directors excluding Mr. Weizer (the "Independent Committee") to consider all matters relating to any possible offer from TTB and any other M&A proposals Playtech receives. The Independent Committee is and will remain especially mindful of their obligations to Playtech stakeholders and the requirements of the Code.
I suspect the TT Bond backers might have wanted Weiser along for continuity and likewise, Hall is the linchpin to the HK guys (who can now magically overcome the act in concert challenge) , I think the ducks are lining up nicely
I THINK A LOT OF THE FUND AND PENSION MANAGERS MAY BE WARY OF A LOW BALL OFFER NOW THAT THE SUM OF PARTS OF THE COMPANY HAS BEEN EXPOSED,ESPECIALLY IF MANAGMENT HAS GOT INTO BED WITH THE STALKERS. I THINK THIS HAS A CERTAIN NASTY SMELL ABOUT IT AND COULD BE VOTED DOWN IF LESS THAN SAY £7.50 PER SHARE.
What a mess. Conflict of interest is inevitable for Mr Weizer. Going from the seller´s side to the buyer's side in the middle of the game. Not ethical, not professional, and leaving no firepower for bargaining for PTEC. He must be well motivated to act like that :)
IMHO this also means that the deal is actually done. Mor just cannot continue managing the company as usual anymore after this betrayal.
Leaving emotions aside I tend to believe the offer will be in the range of 7.4-7.8 to somewhat justify all this in the eyes of the shareholders.
only just disclosed today on RNS .Mr . thomas alexej hall non exec director of ptec bought 4.2 million shares on 31 january. through a caymen island shell company. surely a clear case of insider trading ? this all really stinks and shareholders left on the sidelines. thought the big pension funds would have highlighted this to the takeover panel.
Didnt even fill the form out properly! So we can't see the price paid. Also they have been sat on the form since 14th Feb, you are correct it does stink! At least we know that when they bid its getting accepted. I assume they will bid the same amount as the failed bidder did as well 680p
just announced a replacement RNS today for thomas alexej hall amending yesterday,s disclosure dates. If this does not raise any red flags i do not know what will. Albula the maurisian shell company bought another 1,100,000 shares on someone's behalf. Massive holding for an unannounced player. If the offer is less than £7.50 there will be fireworks. This is turning into a real poker game with no rules. Wonder what Aristocrat are thinking?
Hi all, my first post here.
Why would it raise a red flag for Tom Hall's purchase? he's not a current NED as far as I can see from the list of current board members.
invest inn. yesterday i trolled thru, current stuff. i'm pretty sure it was in yahoo finance where it listed the current board of directors of playtech. he is definitely a current . non exec. director. i wanted to know ,cos they were going to ringfence the board to check the proposed offer. if its not yahoo then i can,t remember who ,cos i spent some time on it . obviously a lot of time on my hands but in my defense i have a lot of skin in this game.
I see Albula are increasing their holding with another million purchase. they are up to 13.5 million now. They sure do mean business!
Does beg the question why the hell did this sink below 600p - they bought that last 1m tranche at 640 odd.
albula just bought another 500,000. thats 16.5million now.