Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Laverda. Yes you are quite right yet again and thank you for all the research you have done with regards to Kod it's very much appreciated. Hopefully it will be signed off in the next few weeks so the construction can commence.
They would have been better off extending the finalisation date by six months in the first place. The Malian Govt. is playing KOD like a puppet on a string. Let's hope this is the last one.
This has been traded by the insiders and is becoming a p*** Take.
I think the last thing Chapel Down want to do is to cheapen the brand image when working so hard to promote it. If anything they want to do more high end offerings. The masses have proseco and cava. There is no way an English wine company could compete against this market as the volumes are far too small. Chapel Down want to compete with the top Champagne houses. Do any of them have offerings for the masses?
i am also a shareholder of dark an it's an absolute disgrace what happened. *****esential produced a bogus report after taking a big short for their own financial benefit. i personally think that mm buying city am was a master stroke. he will have a team of journalists who have the time to rake the muck up about the hedge fund managers.
well done mm i applaud you. i hope other ceo's come out and back you.
Liberum have gone from 55 to 220. Perhaps Jefferies and Barclays will see the positives which will reveal themselves over the coming months and increase their targets to more sensible valuations like Liberum's.
The issue most probably started when canaccord were made joint broker. It would appear that it put sp's nose out of joint. Personally I think it was essential for KOD to engage the services of a renowned broker rather than some small town player like sp.
Another holding of mine, DARK had a short attack with a certain hedge fund accusing them of all sorts. They are up 30% today. It just goes to show that the hedge funds are often wrong. My belief is they are wrong here too.
B1nky
I respect your views and you may be right. I think that these boards are better when sensible debates are had such as this.
I hope I'm right for the sake of the shareholders in THG.
I'm off now but I hope the rest of your weekend is a great one.
The stock market is one of the most rigged markets going. I can't borrow Picasso's and then sell them thinking I can then buy them back say 6 months later at a twenty percent discount. Equally you can't do that with property. I think landlords would be a bit miffed if a tenant sold their property thinking they could buy it back when the two year lease expired. The market pricing on the stock market is therefore not efficient but manipulated. I respect MM for pointing this out as so many other Ceo's are too afraid to do so.
I disagree that the stock market is a more efficient pricing mechanism. The price of say a Picasso is far more stable than say most traded stocks. A particular painting is not going to be worth £50,000 one day and then a year later be worth £5m and then back down to £50,000 and then a year later back at £5m. Look at ASOS for example how it has spiked up three times and then come back down. I would say that the stock market is a highly manipulated pricing mechanism dictated by emotion rather than logic. My logic is telling me that THG is worth over 200 and not the current 97p but that is just my opinion. This example given maybe somewhat basic but sometimes in the stock market we are not talking time periods of months but in weeks and even in days. Valuation metrics can also differ hugely to which exchange a company is listed on. How many times do you read on these boards that perspective companies would be valued a lot more if they were listed in the US than say London!!
A potential buyer will pay what it is worth to them without regard to the current share price. Companies share prices are often manipulated and don't reflect a true value. Some companies are grossly overvalued and others are conversely undervalued.
I buy paintings from auctions and the auction houses have specialists in different departments and they will evaluate and give estimates of what they think a given painting or object d'art is worth. Just like brokers give share price targets. More often than not the items for sale go between the auction's estimate but there are occasions when items don't sell and other times when lots can go for multiples of the estimates. I look at the guides but If I'm interested in something I will bid to what that given painting is worth to me. In instances I have paid 5 times over the estimate. Does that mean I have overpaid for an item! No because there was an underbidder who equally saw value. The same can happen here. If there are two or more interested bidders the price could well exceed values that some on here think THG is worth. If a share price is 97p there is no scientific or mathematic equation saying it can't go for more than 100% of this price. We know the share price has been lower and a lot higher. The current price is worth what it is today if you wish to sell today but it is different from the true value. Potential buyers will have an idea of what THG is worth to them. My personal thoughts are for a first offer of 200 plus and if we have two or more interested parties which I think there will then this starting point could look extremely conservative. If the market doesn't give a proper valuation then it's only a matter of time before a potential buyer does.
With all this talk about false Bloomberg articles and margin increases on IG it would seem that someone wants the price lower.
You have to ask yourself why have IG are not taking any more spreads on THG. They are like bookmakers at the end of the day. They know something is going on with THG and they don't want to take on new bets on a dead cert.