Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Ahead of this weeks earning announcement I was also wondering what to expect.....and was running through some of the recently issued RNS's to see if I could gauge what will come out over and above the usual quarterly loss! One which took my notice again was the appointment of Howard Doran to President which came as a bit of a surprise - although possibly encouraging as he is in charge of global sales - time will tell. What was more interesting was his past - and specifically his time as President and CEO at Liposcience which was purchased in 2014 by Labcorp - " Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 67,000 employees serve clients in over 100 countries, worked on over 84% of the new drugs approved by the FDA in 2023 and performed more than 600 million tests for patients around the world.". Possibly - is this the 'large and well-capitalised publicly listed strategic diagnostics company' looking at Renx - and is Howard Doran there to seal the deal based on his prior experience? SB
I'm surprised this board is so quiet and there's not more speculation about tomorrow's meeting!
Looking back at the RNS in early March, I'm guessing the offer will be covered tomorrow and an update on whether it's going forward or not. Suspect due diligence has been taking place over the last 2 months so they're now in a position to comment.
Silver may be on the money and Labcorp could be the contenders. Be interesting to see!
I can see RENX going it alone for a further six months to a year.
The gap between what the business value is today to a buyer and the hoped for value by the sellers may be too large to bridge without evidence of a sales breakthrough….that allow improved assumptions to drive a higher valuation. Either that or the offer has to have a larger deferred consideration.
I think they'll tell us tomorrow when the lcd decision is likely. As they have suggested they will do in the notice of results. And about how new strategic partnerships will work. They have not told us who the bidder is. They have actioned and agreed suspension of the relevant takeover code with the FCA so they don't need to tell the market yet. I expect them to tell the market who the bidder is within days of getting lcd coverage. By which time I expect that new bidders will materialise.
As the anticipation builds, a couple of TR1s drop today telling us that Harwood have trimmed their holdings in RENX twice. Weirdly, these transactions appear to have taken place some considerable time ago - on 15/12/23 and again on 14/03/24. Bit late in notifying the market, I thought.
Finished up on the NASDAQ
Hey Mornington oz where are ya when we need you??
Company shaping itself up for takeover imo
Takeover at what price though?
Is anyone going to participate in the live conference call this morning?
I will be tuning into the presentation. Can anyone share the link?
I'm surprised the elephant in the room didn't get a mention, so maybe someone on here can explain. What's the latest with this Takeover bid?
Mikodx
They put a hook in there to lead into this, so hopefully it'll be covered in the presentation:
'Formal strategic sale process initiated with multiple potential acquirers now in discussions'
Like the sound of multiple acquirers - suggests an auction of sorts.
Get the sp down so MM's (Market Ma
kers/Manipulators) can close their shorts and/or buy in for a song.
Aim and the whole London Stock Exchange will be brought down.
So very sad .... this is and should have been a first rate business. I look forward to it's success in America, sorry our MMs were so greedy.
Our MM's and they alone are responsible for the destruction of small cap business and Aim.
Terribly sad, their greed and manipulation has potentially destroyed all faith of the UK retail investor.