Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Of course it has but UK funds in general have had a bad week so the other 88% will have held it back
it has 10% in RRE but the fund value hasn't gone up?
Well it has an excellent record in the UK Smaller Cos sector so if you want to be in that space then it should be a candidate,along with Amati,ASI,and some Marlborough
Is it worth investing in the cavendish aim fund?
And yet the Arabs appear happy to buy into NS along with acquiring holdings in RDShell and BP.
Agreed, my thinking is that O&G equities will be very similar to the big tobacco firms moving forward, especially given then number of firms/funds divesting from O&G. Although tech at the moment as a whole just seems to be at a crazy valuation.
Yes O&G equity is not looking great long term. RRE just couldn't get traction. Science, tech and low carbon could be the way forward.
Hi Sparky, I would love a counter offer but given the current climate and hatred for oil stocks by the public I imagine it would be hard to get financing if not by a big private backer. That whittle downs the parties that could purchase by a significant amount, which is a shame. I think a lot of the firms purchasing shares at the moment are happy to say yes and take a quick buck. I'm waiting for the 1850 to go through rather than selling my 7000 shares before.
Counter offer soon £25/sh......Ooh, I could test-drive a Tonka!
TSC,
"It's Friday It's Five to Five and It's Crackerjack... " .... Oh, when life was so uncomplicated.
atb
that's 1840 being taken. 1842 by end of tomorrow. Oooh I could crush a grape
I think the crucial aspect right now, Sparky, is - 'have the home team got over the 50% control limit yet'?
Danawinner, the other day, suggested that they had and, if so, the chance of a counter bid is zero. I can't really see the Instos buying RRE now just to make an extra 12p over the next few weeks on that premise - less than a 1% return is hardly worth it...
Only if the deal is successfully challenged legally and the terms improved in consequence would that be worthwhile but, as it is, it seems it's game over, if they've got over the 50% mark. A great shame but there you are - I've moved on now and don't normally comment on shs I no longer hold, so good luck if you're still in here - sasa.
I suppose that is why the institutions are buying up stock. It's a win win for them with an £18.50 floor.
Cheers sasa. I guess if this deal is as bad as we think, a rival bid is highly likely. If no other bids then I guess that would settle the valuation debate. Lets see what happens !!...;o))
Hi MTSparky - two factors account for the current disparity you mention. Firstly, the, albeit agreed, deal hasn't gone through yet and secondly, if it is confirmed, it'll be a few weeks yet before you get the £18.50 ps money paid to you - hence a discounted valuation just now...
I aired my view on this T/O and the agreed terms a couple of days ago; notwithstanding that, the current situation (the sp discount to the take out price) is the norm when the probability is it'll go through, as seems likely. If a counter bid was a real possibility, however, then the sp would likely be above the present £18.50p T/O price - sasa.
11k O Trade.....something...nothing...just find it curious.
Then another O buy pops in. Bonkers
Cavendish clients just dropped below 10%. Still a fair chunk there though.
I don't understand market mechanics at all. Why is the bid not £18.50? and how come the MM have managed the SP pricing. Just shows how easy market manipulation is to do.
Little bit more....could it...will it.