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I don't think they can float in the US so London is a possibility.
I think 4 to 5 times the price is achievable and most holders would go for that but what the 3 big holders want is another story, but perhaps they would like a stake in Shein. All we need is one party to make a move and many more will come crawling out of the woodwork. The risk reward is looking decent here especially with so many hedge funds shorting.
If Shein are seriously considering listing on the LSE and are interested in acquiring TS then surely it would make sense for them to consider doing a RTO with ASOS. It would be cheaper and quicker for Shein than doing an IPO and there are many advantages going forward.
It could move the share price as hedge funds may think to themselves that the turnaround is happening and there is also a potential of a sale of TS or a complete buyout. The hedge funds collectively have a lot of shares to buyback. I wouldn't want to be shorting this if I were them, would you? There are much better prospects out there for shorting, the risk reward is moving away from the hedge funds with regards to asos. I'm sure they would prefer the prospect of buying back below 500 opposed to buying back over 1000 plus.
It's no secret that MA wanted to buy the TS brands. With the share price where it is I wouldn't be at all surprised to see a full takeover of ASOS.
The problem though if they sold TS separately and commenced a share buy back it would possibly put MA and Poulsen over 30% which would cause a dilemma.
With the turnaround plan working and renewed interest in TS the share price should be way higher. Interesting times here.
Perhaps the performance shares were awarded for the most successful company in destroying shareholder wealth.
If they had anything about them they wouldn't reward themselves with shares after such a poor performance.
The directors, the Lesotho government and community have all benefited over the years to the detriment of the shareholders. I wonder how they plan to benefit all stakeholders!!!
Announcing a takeover and shareholders accepting is another story. At this moment in time it would be a good time for Hainan to pounce and try a cheeky 1p bid but shareholders would be better holding out for production and an increased spod price. Not to mention the potential value of the gold portfolio as this is rather vague at the moment.
I have done rather well with going in the opposite direction of jp morgan. For example with Darktrace they have been negative and RR. In fact it wasn't that long ago they had a sell target of circa 50p on them, they have now changed their tune to a buy with a 475 target. I think you will find that they were trying to lower the price in order to buy, either that or they are 'dimwits' as you say.
I know that Bougouni is a priority but does anyone else think that KOD should be drilling and proving up the gold reserves?
With gold at all time highs the KOD gold projects have to be worth something but they are valued at zero. It seems a real shame to me.
The over reaction of the share price yesterday was manipulated by the hedge funds. They work in packs and all the Hedge funds that were shorting Darktrace are now shorting THG. Most of them got out of Dark at a loss, a few foolishly remain but it will be to their own detriment. This will come good with time but if the hedge funds manage to keep the price down for too long another take over approach is bound to happen. At least Dark are up a bit today.
I would say it's because their target market are into rap and grime music. It's the current 'cool' culture. There are no decent rock bands today unless you still include the likes of the Stones but I doubt they would want a group of old men modelling their clothes.
The spod price has risen quite a bit in the last week alone yet KOD has fallen from over 0.5 to 0.4 so I don't buy the correlation with the spod price to the share price. Clearly the market wasn't impressed with the off-take agreement because virtually everything else in the presentation was known about in the proceeding RNS.
I think the best way to communicate with shareholders is to have a more detailed website with updates and photos. I think most here would be happy with that. We don't want to have an RNS every time a piece of equipment turns up on site.
I can't speak for others on here but I hope Kod isn't taken over as having a 39% stake in Bougouni will be a great cash cow but look it at from Hainan's perspective, they will want the whole cake and a simpler ownership structure. Suay Chin will probably prefer an early exit as they no longer have the off-take agreement. Even from Bernard's perspective being a geologist he wold probably prefer to go exploring for another project as once Bougouni is constructed and producing his work would have been done unless he wants to drill more in order to increase the resource into an even bigger monster. Bernard gave it away in the update that it was clear that the Malian government would want the 20% stake. I would say that Hainan would want 80% but that's just my opinion.
I personally think that Hainan would offer a buyout for Kod as they and Suay Chin wouldn't be interested in being the largest shareholders in a company with a lot of cash and 5 gold projects. Hainan have 17% and Suay Chin have 14%. It's an exit strategy that would have been discussed when the off-take agreement was negotiated no doubt.
A buyout does seem a dead cert. Suay Chin must realise this but I wonder what they would be happy with and the time frame involved. It will certainly be interesting over the next few months. As far as Hainan are concerned you would think that they would want to pounce asap especially considering they now have the spod off-take.
There is a possibility that the lithium price could go back to those levels in a few years. I would be surprised by the time Bougouni is in production if spod isn't over $1800 and it will be very profitable at these levels.
I maintain though an offer will come before Bougouni is in production. I just hope it's a sensible offer.
There is no way that Moulding would sell for 140 considering at that price it would still be at a 50% discount to its global peers. I'm sure Moulding believes that he can grow Ingenuity's sales to over £1.2 Bn in the coming years which is quite plausible and then we could see the price have a big upgrade. This will surge very quickly when market conditions improve. It's just a matter of being patient in the meantime.