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That comment was probably more aimed towards if the company is brought out by another entity before delisting, which is very possible given the level of interest in depressed UK equities from overseas investors.
Rox only have exclusivity on issuance of a loan, not if another party makes an offer for the full outstanding stock. Rox would then be forced to take the plunge and put in an offer, ensuing a bidding war.
Its very clear Rox want this company all to themselves and are going about acquiring it the cheapest possible way (which is expected). If the company can push out some decent news and good numbers, somebody else will be looking at this very closely, and Rox's hand will be forced.
Heres hoping anyway
Triumph ROX will get their own way.
After the convertible loans have been converted and the placing completed ROX will own around 40% plus
With Curren giving his vote to go private thats around 70-80%
ROX will do what the hell they want
Another insider share purchase! Directors picking up dirt cheap stock left on the floor by panicked PIs, and expect this buying to continue.
Its great that the media are finally publicising the astounding value discrepancies in UK listed stocks. This being one of them, holding through a company's conscious choice to go private should be embraced going forward by savvy PIs, not feared.
This current trend of company's opting to go private, subsequent obliteration of SP due to fear of ownership uncertainty of private companies, PE and insiders picking up the stock for a song and then relisting in US for mega profits hopefully will be picked up by the arb investors very quickly. Sooner or later, I wouldnt be suprised to see a stock increase if a company announces it will be going private, such is the state of the current UK stock markets!
Rox may not get it all their own way after all if PIs are willing to hold into going private. Its clear for all to see what this company has going for it, and the value it would have if listed over the US.
I will continue to load and will hold into the company going private. That is of course unless the company isnt taken out by PE before, which i strongly suspect it will be.
Another RNS
Y tuppence worth..
At this price/market cap and their capabilities someone's got to have their eye on it.
Take over target
“Our focus on end markets that are aligned with strong and enduring global technology megatrends means that we have a good pipeline of design opportunities for 2024."
Pardon? - absolute rubbish - great RNS any price sensitive news has to be given to the market
Or is it a ramping RNS from a company which is probably destined to delist?
Company Builder , superb news today
Tier 1 Costumer milestone met! Should give encouragement to the healthy pipeline. Should have released some cash to the company too!?
Another great post thanks Smartmoney.
For those unaware, the latest ‘Significant Shareholders’ data has been published on the company’s website. The data was updated on 19 April 2024 – the date our Interim CEO and CFO unleashed their wallets.
The updated data reveals the ‘forced’ (statutory liquidation requirement) departure of Joh. Berenberg, Gossler & Co. (4.66%) and Herald Investment Management (4.16%). They join Perpetual (3.95%) and CRUX Asset Management (4.51%) who exited shortly after the delisting announcement on the 28 March 2024.
Otus Capital Management (4.75%) and Lansdowne Partners International (4.51%), on the other hand, emerge as the only remaining institutional investors in the company, albeit with reduced stakes.
https://ir.sondrel.com/investors/shareholder-information
This means that, including the sold-off stakes of the existing institutional investors, a significant stock overhang of some 20,369,846 shares (23.29% of the issued share capital) was worked through between 11 April 2024 and 18 April 2024; a period that saw 22m shares change hands and a share price under sustained pressure.
And the resulting uptrend in the company’s share price, from the 22 April onwards, confirms the removal of the stock overhang.
Of course, most of that stock appears to have been mopped-up by private investors (‘Longs’); none of whom hold notifiable stakes in the company. This, in turn, means that, an estimated 38% of the company’s stock is now held by ‘Longs’, whilst the BOD and the two institutional investors hold 57.76% resulting in a narrow free float of some 3.5m shares (4% of the issued share capital).
It goes without saying, a free float of that size means that, any sustained buying pressure is now likely to put a rocket under the shares.
In the meantime, and following last Friday’s takeover of Darktrace by the Chicago-based, private equity firm Thoma Bravo, the UK has now become the ultimate fishing pond for US companies and investors looking for outstanding, GROSSLY UNDERVALUED, British tech companies:
https://rb.gy/3e3al1
https://rb.gy/4ohhlf
https://rb.gy/w7y4w7
https://rb.gy/uq4qi2
AIMHO
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A rare opportunity 😁
£1+ is a little low...
Once a few bidders get the smell of this
Phrontist
“Nasdaq, America’s biggest stock exchange, is sniffing around London’s junior Alternative Investment Market.”
“The reason is the extraordinarily low valuations being put on UK companies – big and small – and one of the factors driving the recent flood of takeovers either by US companies or private equity.”
“Nick Train, one of the UK’s leading fund managers and stock pickers, went further earlier this week, describing valuations of British companies as ‘egregiously low’ and that one way to wake up investors would be if a takeover were launched for a giant UK blue chip.”
https://www.thisismoney.co.uk/money/comment/article-13341575/Dont-let-Nasdaq-aim-AIM-market-says-MAGGIE-PAGANO.html
And today, 25th April 2024, London got that wake-up call:
“The Board of Anglo American notes the recent press speculation and confirms that it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited.”
https://www.londonstockexchange.com/news-article/AAL/statement-re-possible-offer-for-anglo-american/16439392
“BHP PLOTS POSSIBLE TAKEOVER OF RIVAL MINING GIANT ANGLO AMERICAN. The acquisition of De Beers owner would serve a fresh blow to the Square Mile.”
https://www.telegraph.co.uk/business/2024/04/25/bhp-plots-takeover-of-rival-mining-giant-anglo-american/
Meanwhile, Sondrel, one of the UK’s fastest growing chip makers, with a current production pipeline sitting at £165m, and with the company’s BOD currently in advanced negotiations for significant new business, continues to be egregiously undervalued at £3.5m (4.20p per share).
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Nice to see some chunky buys above 4p. Confident of 8p in the near future
Someone linked British Bulls recently, which I had never heard of before. Note how yesterday morning it staid 'stay short' and now today is says 'buy'
lol
Yes
If you look at the psots from 2 weeks ago 12-15p was initially target
RQIH 10p+ (cureent 3p)
PYC 5p+ (current 1.5p)
SAR now 230% up from purchases
You're welcome
Great to see the Sp over 4p today, i think ill hold on to these for long term even if de-listed, 1-2 years could see the value increase significantly over the next few years
This is also worth a look RQIH this is due to move up soon.
Thanks Laura. Are we looking st 12p here in shoet time?
Well done Mr calm
You'll like the other 2 also ( rqih and pyc)
Well done Mr calm
You'll like the other 2 also ( rqih and pyc)
Due to the low free-float thin-will move quickly
RQIH and PYC have identical charts to what SND had at 3.3p