Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Based on the recent trading update my estimate is that only about 50% of the arbitration award is currently included in the share price. That suggests something of a 130p per share increase if the full award was paid.
Lots of assumptions in my calculation so, as always, only my personal view and not something on which anyone, other than me, should base a trading decision.
No documents yet available on the decision, as the case status is shown as 'pending' on the Permanent Court of Arbitration website: https://pca-cpa.org/en/cases/221/
When it's available, we will hopefully known the deadline for any appeal.
India has decided to challenge the Vodafone decision. This story appears to have several more months left in it.
https://timesofindia.indiatimes.com/business/india-business/india-challenges-vodafone-arbitration-ruling-in-singapore/articleshow/79934994.cms
India has decided to challenge the Vodafone decision, which may be a pointer to them also deciding to challenge the Cairn decision. This story appears to have several more months left in it.
https://timesofindia.indiatimes.com/business/india-business/india-challenges-vodafone-arbitration-ruling-in-singapore/articleshow/79934994.cms
Times of India, which may well access to informed sources within the Indian government, report makes for interesting reading, as the Vodaphone deadline is tomorrow: https://timesofindia.indiatimes.com/business/india-business/is-government-waiting-for-cairn-arbitration-award-to-decide-on-vodafone-appeal/articleshow/79376160.cms
Always struck me as an odd combination of businesses. Can help but feel that in the current environment, a joint bid by separate players in argicultural and engineering would allow both businesses to better flourish within larger groups. Will remain invested here and, in the meantime, enjoy the dividend.