Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just ordinary shares now.
Very positive. Looking forward to permanently getting above 420p.
Another brick in the asset-lite wall announced today. Let's hope that puts us on a roll for tomorrow's trading update.
Buying back 2 shares for 3 held at 65p each implies a residual value, based on current 56p share price, of 38p. However the remaining value, after the cash return, suggests to me something closer to 60p.
See today's RNS:
"Following the purchase, the total number of ordinary shares held as treasury shares is 34,325,596.
As at the close of business on 23rd October 2019, the Company had 923,357,438 ordinary shares (including treasury shares) in issue."
Regular problem at Barclays, which doesn't appear to be an issue with other brokers. Have been impressed with A J Bell, who hold my SIPP, so thinking of transferring my dealing and ISA accounts to them. Any other broker recommendations?
Good to see that Mark Dixon is reported in today's FT as saying: "It’s about being everywhere — every town, every village?.?.?.?We’ve been growing [revenues] at about 12 per cent, 14 per cent. The objective is to double that growth.”
My calculated assumption is 60p.
Given the wider political uncertainty, the results look reasonable with the Board expressing a conservative outlook for the next few months. All-in-all, only a pause in the growth story.
I see this as part of a much wider programme to get our USA cousins up to speed with contactless payments in general and payment by smartphone in particular. Could well position Bango on the front of the wave, with enormous revenue implications:
https://www.plugandplaytechcenter.com/resources/contactless-payments-united-states/
Latest from Oliprice.com: https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html
Trump is waiting for a reason to hit Iran. Remember, he called the bombers off last time when they were in the air. This time he may well support a joint Saudi/Israel strike on Iran. Probably best to model the effect on oil prices of closure of the Straits of Homuz.
Having watched this company for some time, I suspect that other bidders will be putting forward bids in the coming days/weeks.