Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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""A_E_Marsh, you persist in trying to persuade me that I should wait for the outcome of some inquiry or other as to RT's guilt. Why?" Do I, "persist"? When was the last time I "persisted"? Some while ago I think, exactly what I am saying about your comments, almost detached from what is written. Let me assist you. I persist in nothing, I BELIEVE that a man is innocent until proven guilty. You do not. That;s up to you, it is wrong, how many innocent people would be in prisons if they were condemned on the say-so of another man? And yet you talk about North Korean attitudes!! What a joke. Really, there are so many issues in all that. Let's just agree to differ.
Oh, yes, true, I should add, in all fairness, "and as a result of my own naïf gullibility". I have been that daft once before in my business life, but at least I had the satisfaction on that occasion of contributing (on the stand) to that particular character getting his just rewards.
"""Yet there still exist those on here who delusionally deny this..."" Plainly you are going on about something that has not been posted here today.
Totally agree with your post. it's the shorting scum who have our money now not the Company. I am sure that not everything was roses before the attack but we all know that it was the Gotham lies and supposition which caused the rout and it was exacerbated by tiger funds using false identities. Hardly a reputable way to do business. Grrr
"""Well they have had 10 months and by now it should have been green shoots time."" There are subsidiary elements that have affected the Quindell timetable, but basically that is just what we are in line for, hopefully. It would have been a bit foolish (IMO) to announce a strategy and corporate targets with IM only just in post. The way they are going about it is probably correct given all the events that have befallen Quindell in the past 20 months. The split capital return is a clever way to maintain the psychologically important three digit share price, although hopefully it will prove an un-necessary safety net. My anger is still directed far more at the sleaze-balls who attacked, rather than the people who reacted.
""Let us say QPP sees half of the Escrow £'s and is distributed to shareholders. I shall be pleased with that 5p."" 50pps.
So we are about to receive - £414M & £90M retained cash for business development. If Watchstone to be independent, probably a good idea. & £40M HL claims £'s conveniently not promised for distribution to shareholders Plus £40M in escrow - which SGH will have an interest in pocketing . Lets manage expectations down to £20M Let us say QPP sees half of the Escrow £'s and is distributed to shareholders. I shall be pleased with that 5p. I make that £564M and current market capitalisation is £450M . Let is take the capital distribution of £414m from £450M . That leaves what is left valued at £36M. Not good for shareholders is it? However consider the following. --------------------------------------------------------------------------------------------------------------------- WHAT IS AN ATTRACTIVE CASH SHELL? ....a company with oodles of cash not deployed in commercial activity ... developing trading activity which is nearly congruent and certainly complimentary to a bidder. .... a company with a subsidiary which has value and which does not fit in to future strategic plans .... a company which, if acquired, can help defragment an evolving market...and help a bidder build market share. Are there companies out there in the same field with supernormal PE's . Are there companies which would give their eye teeth to steal a march on competition and get bigger quickly? Conclusion If QPP keeps us in the dark for much longer there is an amazing opportunity for a predator . Of course Himex and Ingenie may just not be as wonderful as we hope they are. Nevertheless , as a battered shareholder , I am having a look in the wings to see who is there. If they are there, they would be daft not to have a go at defragmentation and the evident undervaluation of QPP rump may have an end in sight?? They could make us richer and pocket cash and give us shares in a rocketing future. Interesting! Mel ( Stirring!) ( Still sticking pins in the wax dolls of those who have unnecessarily destroyed half a billion £'s value by failing to attempt an easy Turnaround strategic plan. All they needed was " an open plan for new brooms"; temporary extra finance fro 20 months to finance WIP and a 15% scaleback....and a bit of time. Well they have had 10 months and by now it should have been green shoots time. But £0.5B value has gone to Oz)
Thank you Anon3.
This lot don't sit on their hands http://www.peelhunt.com/news
This lot don't sit on their hands http://www.peelhunt.com/news
You need to contact your broker.
How do I vote by proxy
Snap ! Stanger things have happened. ATB
I'm at £1.86 after considerable averaging down! With the consolidation I will need £9.60 to break even before December 2016 and £8.60 from Jan 2017. I could still buy more but don't think I will unless I see a massive opportunity here. (Yes, it is arguable that this IS already a massive opportunity, but there is always another bus about to come along) Last March there was regular chatter here about a "£1 party". To keep in line with corporate changes that will be £150 pps from late December.
11 NOV 2015: PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION OF THE TEXT OF RESOLUTIONS 1 AND 2. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU. "TO AUTHORISE THE COMPANY'S NAME TO BE CHANGED TO WATCHSLONE (sic) GROUP PLC UNDER RESOLUTION 2"
None of this addresses the fact that if you're in higher than £1 (I'm at 123), the situation doesn't look quite so rosy, does it?
to me if you have set a limit for sale - post consolidation the price may at least somewhere in the region of the current sp so be careful you do what you mean to do if you have set a stop loss limit or sell on profit - I am not sure whether the set limits continue after consolidation, check with broker?
Perhaps we are just coming at the same thing from different angles, as there are obvious differences in the meanings of value, cost and worth, but all can be used in the same context.
I'm sorry AEM, but apart from you stating the obvious, I don't understand what you mean. My point was that if you have x amount of shares at 11p and give 10p back, you'll have the same x amount of shares theoretically worth 1p. Yes or no? I haven't predicted what they'll be worth on the market and my point was that they won't imo be worthless, hence my reasoning that they are currently worth more than £1 as things stand. Ie, as has been said, you can't lose. If the company is true to it's word. And of course doesn't issue more shares. I'm not sure which part of that you think is wrong?
Instead of thinking 1p, 10p, 11p or any other combination, just think in terms of another payout of £46m in total and whatever that means for your own percentage of shares held at the time.
£ = £1.63M
Well I had over exposure to QPP and have now sold half my shares and have a big ? for the rest. The 10% distribution reduction is a breech of faith. Remember the near absolute promise at the EGM? QPP could just have a great future ...Trakm8 ( Data mgt/telematics has rocketed to PE of 55 ...Profit after Tax to Mar 15 = £1.69... Market Capitalisation £86M). It has AA contract and fleet Mgt. and won anew US contract It is a minnow with prospects. So is QPP. However I cant read it. I do know shedding some of the fixed costs is likely to be expensive. QPP with £10M PAT and a similar PE would = £0.5B. It is exceedingly unlikely to be that good, but HL income for 2 years wont do any harm and in time? One obvious factor is that QPP could be regarded as a ripe cash shell. A part paper bid could allow a bidder to end up with more cash than prebid, clinics co to sell , and HL income. In fact it is odd that it has not happened. If there is a company sniffing about , it is odd that the SP is languishing. Mel
You appear to be confusing the capital return with the value of the company, hence the comment from GS. They are separate entities.
We have only be GUARANTEED 90p back, with a possibility of more next year, so when you get back your 90p for each share it will be treated as a return of capital, and any profit on that 90p will be subject to tax in the year you receive it, if it less then obviously no tax
this may be totally wrong but comments welcome. we are getting back £1.00 as a capital return,not a dividend.therefore it can only be taxed as c.g.t. if you bought shares at more than £1.00, then shurley you have a loss,therefore no cgt owing.?as you have not sold any shares,no tax is due.?