Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is a polar vortex shift which has been driving colder weather. Asia gas prices the highest they've ever been. Huge amount of cash at 7x multiple. This in the short term will easily break 80p. Long term (12months) should be at around 140p.
Every one please leave your heaters on, we need this haha
Aspers, selling of an asset isn't a bad thing. Take the American sale, they've sold at asset on a forward valuation of 7x. Now they can use that money to buy more market trending assets like solar/wind farms as are it's peers. This would give the investment a further 8x growth value in itself.
Everything has the right 'value'. Maybe at the price you purchased it was over valued. However the current price is 20% of what your purchased at which is way below value. Am guessing because you lost here, no price is right for you.
No1 rule of investing: don't be emotionally attached to your investments. Investing with your hormones can never be rational.
This had a market cap of £300m pre covid.
Pre dilution, this had a market cap of £150m (57p) and I expected it to return to roughly £250m (95p) provided no further lockdowns and no holiday restrictions.
This is now trading at a market cap of £280m after a dilution, with a lockdown with no end in sight plus international travel band. This equity raises is a total theft of the upside that was left in this.
We know earnings are Definately going to suffer due to corona and more so during peak buying season at Christmas and summer due to additional lockdown. Personally applying a 20% haircut to earnings, I expect this share to fall to roughly the 42p mark. For that reason I have finally sold out my last remaining shares. Good luck
Aspers mate, come on lad, youve been talking about this loss for weeks now. I understand it's painful, but you lost under the old brigade who couldn't make difficult decisions. New ceo and a new vision is what this needed. Dont cry over spilt milk.
Incorrect, a small portion per year is allocated to pension. The remainder is for a shopping spree
Drooling about what I could buy...
New wind farm
May be a solar farm
Perhaps a sprinkle of dividends
Maybe even expand my hydrogen initiative
The possibilities!!!
Are with a forward multiple of 10x
To raise capital via an equity raises to only pay it back as dividends means the big boys got shares at a discount, thus kind of proves that this is a stealth raid. They could have easily gone to the bond market and raised the money at very low interest rates if they wanted too. But they raised it via equity and the cost that dilutes everyone
I don't mean to step on anyones toes here but this is simply my opinion.
The p/e and therefore the share price is based on the forward value of the stock, and in this case roughly 6x mark. By diluting the stock we essentially push the P/E to around 10x as earnings per share reduce significantly.
Now normally I would be all for equity raises for capital provided the cash raised is used to develop the business to increase earnings and justify the new forward p/e.
However, in this case majority of the cash is used to write down debt with a small portion for platform development which is the more important part that drives earnings.
Therefore, I can only see this as an equity raid, as most of the money raised is not used to benefit the earnings in the long term but to serve short term debt.
This a low margin high volume business targeting teens who will be hit with recession the most.
Bought into nbrown which is a high margin low volume business targeting 50+ who have deep pockets and less affected by recession
Shroders often act on behalf of pension funds etc who look for income/dividend stocks
i never know when GRIMS is IN, OUT or SHAKING the bull sit about
Still waiting for the wedges and double tops saying gold going to $1700
In the world is writing down it's loan book with a loan lost charge however Arrow has even adjusted the future collection amount by a £1
and you potentially offer fundraising or part funds to support a cash conversion
just going shopping to buy my porche, its a three wheeler, so will buy the 4th when this hits 70p
Whether is £28m or £65m, thats loose change based on the H1 interims. Naturally, based on that article looks like they are endeavouring to pay cash
It says the market value of those shares are £28m
Otherwise if it was £28m of the convertibles, this would give them a 22.4% of convertibles including their 22% of held stock. Idiots I swear, can't do simple maths
Kenj, if you can't do basic maths you should avoid stocks
https://interfax.com/newsroom/top-stories/69356/
The right to convert at the expensive of not receiving a coupon is the holders right. If you logic was right every bond holder would have converted from day 1 if they got compensated for the coupon
Values in $dollars
In case of an exercise of Conversion Rights by a Bondholder, the Guarantor has
the option to (i) deliver the relevant number of Ordinary Shares, (ii) pay the
Cash Alternative Amount (as defined in the Conditions) or (iii) deliver/pay a
combination thereof.
The Guarantor may exercise its option (the “Cash Alternative Election”) to
pay the Cash Alternative Amount