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Apologies for being obtuse, but I'm pleased you understand it now. My first album was Disraeli Gears, by Cream.
You have to read between the lines.
Thank you. I understand your previous reply. As it happens, Village Green Preservation Society was the first album I bought!
Yes, I do. I've been here for 5 years now, and I know the poster concerned. Not personally, but just from reading his posts. I can't repeat what he wrote, there would be no point, but I respect him. I'm not selling.
Thanks Jezzab - do you or Damocles remember what it basically said?
It was from a guy that currently owns approx 2% of the company - it didn't stay up for long as obviously the info was treated as potential inside information
A well respected man. I love that album.
No, you can't. It was here though, and well, there you go. Don't worry.
Hi Damocles - you refer to a post here two days ago - cannot see one?
As far as an announcement is concerned,this could go either way.I recognise that this is India and not Africa so maybe announcement before 14 day suspension. What really interests me here is Giles Clarkes change of direction from mining to retail. The South African experience with Ironveld must have weighed heavy with him as it has done with me. The possible Indian acquisition with the hint of a new CEO being appointed bodes well,after all this is his comfort zone. The new acquisition is in a much more business friendly environment with a very impressive future growth rate.The last point is the lead time to production which pails into insignificance beside mining.My only slight reservation is the dilution here!
We might be surprised before then. Like you, I'm sticking with this. There was an interesting post on here two days ago which I recommend! DYOR, lol.
The company has until 21 July, just 2 weeks away, to deliver an RTO before the share is suspended for up to 6 months. On 1 June we were told that the company were in preliminary discussions to acquire a business. I would be very surprised to find that there has been sufficient time to reach a firm agreement and deal with all the due diligence and documentation required. So more than likely, the share will be suspended. I am a holder and have been since the SP was in the 80s. I shall hold into suspension if that happens because I expect a deal will be done within the following 6 months and on coming out of suspension on an RTO being arranged, we will see an SP far higher than the current one.
Again another 2m bought after hours. All these larger purchases should help to boost the SP once we do get news, as the available shares is being reduced. Looking forward to that day!
Further big buy of 4.25m shares after a bed and breakfast of the same number earlier in the day.
Yes, ismalia, someone's loading up. I expect you have noticed the daily buys of 2.5m shares a time. Wish I had spare funds to top up, but all tied up at present. Hopefully, for selfish reasons, the RTO will not be for a while longer!
Good buys continue at and after the close which makes for an interesting time.
Yes, I would imagine it will be something connected to the retail sector, given that's the area of expertise of the current BOD. It's funny at the moment, as I'm invested in another gold explorer that is passing on it's mines and currently performing an RTO of a successful internet ladies clothing operation, so for me to have holdings in two companies at the same time transferring from gold prospecting to the retail sector is not something I imagined when I first invested all those years ago, assuming retail is the path SMA is travelling down. Like you, I'm intrigued about where we are heading, and certainly not phased by it. India, as you say, has huge potential for growth, and I'm confident that whatever transpires, our BOD have the knowledge and expertise to select something that has huge potential.
Although we may be waiting until January for SMA to arrange an RTO as these things take time, there is massive potential in the Indian consumer goods market. We don't know whether it will be in durable or non-durable, but hopefully it will be social media driven as the young in India (like most of the developing and developed world) are more and more using such for making choices on what to buy. Obviously, there is a lot of information available on the net regarding the growth in the Indian consumer goods market, but the following link gives an initial insight:- http://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-sector-to-reach-104-bn-by-2020-study/articleshow/54697324.cms A compound annual growth rate of 20.6% in the FMCG sector is certainly a very attractive reason for the Bod of SMA aiming for an RTO in this sector. IMHO I don't expect much more upward movement in the SP until the middle of July, when perhaps some pis may speculate that the RTO will be completed before suspension, but I shall be happy to be proved wrong!
Meaningful buys at the close. Interesting to see if it can continue in the morning.
I note another 4m shares bought after 4 pm today at 37p and 38p (2m each). With the small level of free float here, the SP will move rapidly on any increased volume. Encouraging as we get closer to an RTO.
An investment in the booming Indian economy looks exciting and it would appear that they already have something lined up. There are plenty of shells etc looking at Africa but Indian provides a massive market from which two grow. I have a small interest of just over 2.4m but will add notwithstanding that suspension is a possibility. On readdmission there could be a huge re rating.
The SP is virtually back to where it was before the news about the change in direction. Still sitting on a 43 per cent loss, but I expect that to be made up when the RTO arrives. Kicking myself that I didn't buy some more at 25p for a 40 per cent gain, but ah well.
Good - that means an RTO. Dilution not a problem as I always top up at the lower price.
Big sell off yesterday ahead of a re-financing at a much lower price. Big dilution on the way
4.4 mill on LSE all bought 4.4 mill on NEX all bought Maybe finally things are going to happen