Member Info for addicknt

bm3121, the simple answer is Maxit, Citi and the process is being overseen by Vujcic. But you make a good point about how few people are now currently employed - which is no bad thing.

Define "advancing".

Bozi, you're right, I was inially enthusiastic about DC. However, once it became clear he was wedded to the pipe dream, the scales fell from my eyes.

Bozi, one point: No one can deny the company has been a complete shambles for the past three years. Radical change was necessary and now it's time to deliver.

BNC, the simple answer is that the rules allow for it.

BNC, it seems odd that you are up in arms about the one thing which will provide what you, and most of us, wish for.
I agree it should have happened before, but it didn't, so we may as well be thankful it is now.

Thank god they are in the driving seat. We've had several years of mismanagement and at last it looks as if we're in the hands of people who will deliver a shareholder return.

Bozi, good heavens! You're not getting excited, are you?

SM , circa £1bn.

tiger, indeed, but it would be odd to deny speculation is playing its part now. And don't forget we now have a healthy cash balance.

tiger, you are right, but it's not the only reason.

SM, most of my mates are now retired, including those I knew at Braemar. In later life I acted as an advisor to a friend who was looking to take-over Braemar. Ultimately the transaction was binned, which at the time was the right decision. Managing shipbrokers is like herding cats.
There's still big money to be made - in fact far more than in my day, which is one of the reasons I left to join a merchant bank, which I regretted.
The general feeling in the industry is that things have never been quite the same since the Baltic was blown up and floor trading disappeared - although I imagine the younger people may disagree.
Btw, I actually got a b**locking once from my boss for getting back from lunch too early (2:30) I didn't need telling more than once.
Sorry folks, for the off-topic reminiscing.

SM, shipbrokers? I was one of those and was a member of the Baltic. I made some lifelong friends from the industry and we meet three or four times a year for lunch. To say 'professional drinkers' is to seriously underestimate matters! It felt as if I was paid to lunch. I loved my experience and have regretted leaving ever since.
I'd love to know who your friends are, chances are I'll know them.

Q, I'm not here to argue RK's case, but I would remind you of the maxim "people in glass houses...".

Wrong thread, DBW, but fair point.

an interesting link to an article produced by Stockhead over on the GGP page (posted by Timber)
It refers to the PDAC conference and quotes Rob McEwen, founder of Newmont, who describes the current market as being "really attractive" for M&A deals, specifically in the gold sector.
More broadly Goldman's point to the strong recovery in China as pointing to higher demand across sectors.
There appears to be a growing consensus that we will see a far higher level of M&A this year and, in part, this is being driven by "attractive prices".

Fort, BHP, NCM, Norges, BR and other assorted smaller institutional shareholders...plus us private investors, whose holding as a percentage of the total is now quite small.

I don't think they've been selling - they have the same number of shares - 310 965 736. The RNS simply reflects the dilution.

I wonder if this larger daily volume will be maintained, or have people - specifically the CGP holders- now adopted their positions?
They accepted the offer on the premise of the statements of intent made in the offer document, so you'd kind of expect them to hold for the upside offered therein.

SM, I think the 157 shares were mentioned in this context in the Prospectus.