Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Shocking . Would not see that coming from the trading update and clearly neither did the market. Knocks the management credidibilty somewhat.
Valley.
I’ve been in GCP since the 0 .5p days and even then was showing a significant loss. My thoughts at the time is GH sure has a good line in rhetoric and I can’t make up my mind if I’m being spun a line and he has no credibility. Anyway I did not sell up and have rode the tiger since including EG. I have to give GH his due on this one. They found exactly what the historic prospecting said they would find only GCP did not have to foot much of the bill. A free ride.
I agree we would not get anything from Newcrest for the other prospects should they take GCP over lock stock and should take the cash for Hav. What does concern me is what happens after the feasibility study as Newcrest are the only party who can take it to production and have GCP by the short & curlies – but I do not know how these things are done in mining circles. In GH we trust!
Quite a short initial vesting period at a 25% uplift. If I was sitting in the new chairs I would not necessarily be impressed unless I had some re-assurances. Not much hype so far from the company. Be prepared now- GH will be all over the media. A glass to him.
Been is this a while and just topped up. There was some impropriety with a directors related deals which affected the share price. I believe the director has left but this has left a whiff. The company is criticised on its valuation of agricultural assets which effectively booked future profits from trees as they grow. All like agricultural companies do this- you just have to allow for it when looking at the figures. The Hainan plantation must be at risk from typhoons although i do not know how well ornage trees stand up to these.
The reason i was holding this share was the NAV , particularly after the cement business sale. Providing that capital is preserved ( and we eventaullay get our hands on it) I am happy. Not good news and of course we are never sure what motivates the Chairman. He could have taken a large dividend but chose instead to invest in his cast offs.IHe has had his money . Remains to be seen if we get ours
More of Wong's cast offs.
Looks like they wanted to keep the gearing the same. I think acquisitive company's like to use shares where they can. Supposedly this is not dilutive but do not hold your breath. Seems quite a full price paid for an unquoted company and not mucjh in the way of fireworks promised
Looking at the arrangements the projects seem under water as far as the family are concerned. The worry is that they have no incentive to complete them other than reputation which seems to be tarnished in any case.On the other hand if they took HRCO out then they could make mint.
Fit in nicely with Smith News who are looking around for something to do
That's good news.
Looks like it is off. I presume the bidder would not be too impressed in having to stump more.Interesting to see what Polo take up in the placing.
Could be the Chinese picking shareholders pockets -new mining resouces are genally valued with a DCF 0f 12-15%.Or maybe just getting another two months option to see how things go. A bit surprising that the hold up is the Chinese authorties as I thought ( I may be wrong) that the bidder was at least part state controlled.
Although IMO there may be something bigger afoot it probably will not come from China. The bidder is controlled by the state. Having said that it will go through as the Chinese will not want to lose face and generally at state level IMO their word is their bond.
The offer document required unanimous support of the Caledon Board . Looks like Dattels was not prepared to do that and resigned . There is also a non solicitation clause. Maybe Dattels has a sniff of a higher bid. Anyway he is filling his boots with Polo shares post bid so something is afoot. I like to follow Dattels- he has made me a few bob in the past so I am increasing my holding in POL
Must be something firm. Perhaps there is a bid and Polo want to counter bid which may make Dattels position untenable. Polo certainly have a tight grip and would have a big say in whatever does transpire.
Readng between the lines the distrutor may have got wind of the change as there were no sales through this channel in the last six months of their contract. Hopefully that emptied the pipeline which have nedded recharging. Whatever it seems that distributor agreement must have put them back
The company announced that their former major trading partner (60%of 2009FY sales ) took nothing in FY2010. I have been following these for a while and was unaware of this. If I am right that is worrying as the market have not been properly informed. On the other hand the rest of the news is hugely positive. I have just topped up although there is the potential for a wobble if there is a reaction to the lack of information from the mangement.
Not sure why such a drop as this is not really a surprise. Howver I would imagine that there is a lot of nervousness about Wong's involvement in the counter parties of the property and iron ore trading agreements just announced. He certainly seems to be able to make money but which pot that will end up in may not be clear. Often the way with Chinese/HK ventures. Just hope some comes this way. IMO only a weak buy as there could be a bailout of other shareholders.