Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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*Why take profit when it could open higher Monday ?*
Perhaps some are/were exhausted with the perpetual lows and manipulation over the last few months / weeks. First sign of sun and they are off. Time will tell what the right decision was. My view is hold on for dear life, the engines are just firing up.
the bigger rewads are yet to come imv
we've got rid of many and now the rewards are awaiting us holders and buyers
Why take profit when it could open higher Monday ?
THG now in play - outside normal trading patterns ?
I think a lot of the exasperated LTHs as well as weak holders, traders, have now done their selling.
I think we now get a steady move up, until the next bit of news.
Question now becomes whether there will be a little surge towards the end of play (as people bed in for the weekend) or a dip, as the skeptical among us - as well as traders - sell off.
Yes, i agree Kbyk.
Plenty of upside from here.
£3.9 billion MC would be around 322.5p (that's working off the market cap google gives, which is a bit lower than other sites, I don't 100% know which is correct).
I did the same - although a little higher in my excitement. Still, what we know is that someone is willing to pay £1.70 for the business at first blush. We know that someone else who knows that this figure was rejected is preparing a bid as we speak. We also know that the SP is currently at £1.45. Finally, most of the sane among us know that the company is worth more than the current value even without a bid. So, on the above basis, this simply has to be a hold or a buy for the more cavalier among us.
DYOR
Agree Licker. If IPO was £5 and a bid of £4 billion already rejected, there would be a barrage of potential claims of misrepresentation if MM were to take it private himself for any less IMO.
I've added at 145p.
I fully expect Carlyle to surface sooner or later with an offer well above 170p.
How could he justify rejection of 3.9bn and acceptance of 2.2n bid to the staff with equity and the shareholders who backed him especially now the company is multiples bigger
Not going to happen!
#£2.2 billion revenue
MM could take it private for £2 plus, but in terms of him selling there is no way it would less than I would say atleast £5-6.
As I said yesterday, £2 takes market cap to £2.45 billion (according to google market cap which is lower than others) and they rejected a PE bid of £3.9 billion in 2018 when the company had £736 million revenue a year and £186 million in cash.
They now have £2.2 revenue and £530 million cash. This is why I said weirdly it's so undervalued that it might actually be held back in the short term because no-one actually believes it would be sold at these low offers.
I know I'm right when it comes to businesses like this, which is why I spend little time on this boards now.
My background is Finance/Money, I understand businesses like this/how they operate.
Important point is to stick to your own judgement. Just because some idiots took 5% profit on their £1000 worth of shares doesn't mean you do to. A LOT of people on these boards have no clue or understanding of real world business or current world.
£1.70 is laughable. Actually laughable - This is a £5-6 business at current. Ridiculous.
If I was in MM's shoes I'd certainly manipulate this to go private, YOUR business. Grew it from nothing to now being a world leader - MM isn't old yet, he has plenty of life in him. Another 10-15 years he might look to offload it and retire the good life, not now. GLA