Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Going to be an interesting few weeks this... white knuckle ride!
Terry, let me get this right. You go long on the garbage sdry and are all doom and gloom on this one?
Bargain at these prices
Good luck mikey, i have sold off my recent top up up at 91p for 90.46 took a small loss, but too risky here at the moment
Gla
Emirates Telecommunications Group Co. is exploring a potential investment in Vodafone Plc’s African business as it seeks to boost its international footprint, people familiar with the matter said.
The Abu Dhabi carrier is studying the feasibility of an offer for part or all of Vodafone’s stake in Johannesburg-listed Vodacom Group Ltd., the people said, asking not to be identified because the information is private.
Vodafone owns roughly 60% of the company. Shares of Vodacom jumped 7.1% as of 1:38 p.m. Wednesday in South Africa, on track for the biggest daily gain since March 2020, giving it a market value of about $14.4 billion. Vodafone shares pared earlier losses and were down 0.1% in London.
Etisalat is also weighing the possibility of combining some of its own African operations with Vodacom or buying Vodacom assets in specific countries, the people said. It’s in the early stages of weighing which path to pursue, and could also consider other forms of cooperation, according to the people.
Vodafone has been steadily consolidating its African interests in under Vodacom, which provides telecom services in countries including South Africa, Tanzania and the Democratic Republic of Congo. Etisalat became Vodafone’s largest shareholder earlier this year and is keen to leverage this position as it plots an expansion of its own business in Africa, according to the people.
Deliberations are ongoing and there’s no certainty they’ll lead to any transactions. A spokesperson for Etisalat said the group is scanning the market for opportunities in line with its strategy to grow in part through acquisitions, though there is “no such project in progress at the moment.”
Representatives for Vodafone and Vodacom declined to comment.
Etisalat disclosed in May that it had spent $4.4 billion for a 9.8% stake in Vodafone. It announced Wednesday it had it increased its holding to 11%. The Middle Eastern company is the controlling shareholder of North African carrier Maroc Telecom, which has a market value of about $9.5 billion in Casablanca.
Telecom companies in the Middle East have been stepping up dealmaking this year. Etisalat has been working to boost its shareholding in Saudi Arabia’s Mobily, while Qatar’s Ooredoo QPSC is working on a sale of its network towers and is also considering carving out its data center unit.
I would bet that some Put Options closed their contracts and took profit , forcing the buying of shares from the other side of the table ...want to get their profit before the rest ....
The Abu Dhabi carrier is studying the feasibility of an offer for part or all of Vodafone’s stake in Johannesburg-listed Vodacom Group
Wow. Watching VODA rocket!
https://www.bloomberg.com/news/articles/2022-12-07/etisalat-said-to-weigh-investment-in-vodafone-s-african-business
So it seems Etisalat is buying vodafone to use it to buy vodacom.
The City Code prevents bidders acquiring an interest in shares which results in the bidder holding 30% or more of the total voting rights in the target.
https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk
Poor TerryMC1......working very hard to try and manipulate the markets for all he can....96 posts and joined on 22nd November 2022....says it all really....
I will filter your nonsense....others will do as they wish.
GLA
clearly Emirates see the value of Vodafone and the profits to be made in the future....
how high can they keep buying before they are not allowed to buy take over rules?
Small investors shorting the stock have been routed!
e& hereby confirms that it does not intend to make an offer for Vodafone. No takeover for 6 months.
Wow JPMs catalyst lol
This board is hilarious:D
Emirates clearly happy to invest in VOD at these prices - good to see someone has confidence. We are clearly in for a bumpy ride next few months but there are still plenty of positives around VOD. These include: expenditure on new tech should start declining in coming years - leaving more cash to pay off debt, negotiations with 3 might deliver significant cost savings to UK business and from memory don't VOD own 80% of Vantage Towers - could be used to pay off huge slug of debt. I don't think it's all doom and gloom.
jpm just giving cronies a chance to close shorts
So they see good value in VOD and we can now see this move back over £1 very fast, or not.
e& announces increased investment in Vodafone Group plc ("Vodafone")
Emirates Telecommunications Group Company PJSC ("e&") (formerly known as Etisalat Group) announces today that, through its wholly-owned subsidiary Atlas 2022 Holdings Limited, it has increased its stake in Vodafone to aggregate 3,015.5 million shares, representing 11% of Vodafone's issued share capital (excluding treasury shares).
"For those of you wondering what this new & unhelpful broker assessment means … A negative catalyst in the markets can be anything that leads to a drastic change in a stock's current price trend. The most common catalysts come in the form of new, often unexpected, information that causes the market to reevaluate a company's business prospects. On signs the market will adjust the share price accordingly & any loans a company requires become increasingly expensive & hard to obtain.
A slippery slope I fear, sad."
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Gary, indeed, pension funds are the dumbest money in the markets. When they sell you buy and when they buy you sell.
Lol same jpm that cornered the silver market a few years ago?
I have been following this since August and been tempted many times. When i expressed worries about the debt i was dismissed as a whinger. Having a negative view and typing it hear is perfectly ok. Feel sorry for those that have lost money. Good luck all.
Thanks Gary
Have to say I sold out yesterday - far too much uncertainty at the moment and the articles in the papers are damming. I will keep my eyes on it and wish everybody all the best - unfortunatley Read has done the damage and it is going to take a hell of a lot to turn this around .
I hope you all have a great Christmas and lets hope 2023 is a better year all around .
Mike