The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It depends on how much MA wants the TS brands. He knows there are other interested parties so a bid could come sooner than many think. I find the hedge positions interesting considering this. I can see a few reducing in the coming months especially with news on interest rate cuts.
The purchase of MMIC will lead to operational efficiencies and cost reductions going forward. The four diamonds discovered this year and more to come will soon pay off the debt.
Do you think the market makers haven't seen the RNS?
If they find a few more it could get rather messy for the shorter. Let's hope so as the mkt cap is a joke.
That's very welcome. Surely thats probably worth about a third of the mkt cap. It's the fourth one over 100ct this year so let's hope they can pull a few bigger ones out.
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.