Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Rich, I keep thinking the same, but the .It's it fall, the more it's irresistable. I'll definite be buying a chunk more when I think it's close to stopping the fall, which happening as I and no doubt many others predicted.
Unfortunately, I don't think this is anywhere near the bottom yet.
A top up around 5p would give me a load more shares at minimal cost.
It all depends if you can see light at the end of what could be a very long tunnel. Or not.
I previously thought Tom was deluded and borderline psychotic.
Now I know for sure.
People trying to silence him?
Tom, you take up most of the board with the same old s*it.
To suggest that investing in streaming via ITVX was wrong, is deluded.
To think that ITV could really compete with Netflix, with the billions they've spent is deluded.
To think that selling the studios after hawking ourselves out as up for sale is also deluded, imo, but debateable.
To think that McCall should be sacked is deluded. Regardless of what you think, the company still put out good results last time. Your personal obsessed opinion will not come into it. Likewise with Schofield, where I've read that there are some who actually want him back. Go figure.
You need to give it up Tom, because you're only giving yourself more mental issues.
Sell up and go and invest in some company that without using 20-20 hindsight is going to make you a fortune.
The SP is down, because the economy is in a downturn and no one's got a pot to p*ss in. Go and find me a company in the sector where the SP has increased in the last year. Clue, you won't.
That's a free clue, that I'm gifting you. Because you obviously haven't got one.
I'm nice like that.
I suspect the whole industry is rife with all sorts of dodgy behavior. Any arty farty type industry has always been the same.
It doesn't make it right, but your constantly going on about it, along with your seeming hatred of McCall is really tiresome.
I really wonder why you're invested here. Why don't you sell up and invest elsewhere? You obviously hate the company, after all.
"Obsessed" is right, imo.
33%? Since when?
I do take your point and "conflict of interest" is the wrong description, but it's difficult to see who might outvote them. Free float is less than 50% and the majority won't vote.
Either way, by far the biggest shareholder is going to vote to seriously increase it's share.
That's how it goes I suppose, but why waive rule 9?
Yet another behind the scenes deal done, imo.
They could have taken the whole company for peanuts, is my guess.
CIG SA 26.10%
AIMS Asset Management 5.60%
Alwaha Fund Ltd 5.02%
Ruffer LLP 4.50%
M&G Investments 3.43%
Schroder Investment Management 3.19%
"Oh really? That's interesting. Why can't CIG vote?"
I thought the same. Obviously you could look at this as a conflict of interest ie they're effectively voting for themselves.
But even MPs and Prime ministers can do that, so I'm guessing they can vote.
Free float is currently just over 50%, I believe.
EV is meaningless to some extent. You still need to find a buyer willing to lay out 4.5 billion (I think?) Capex.
And it's like I've said anyway, we're now on PFS3. There's a big reason why it's taking so long and I believe at best case, they're struggling to make the figures work.
I honestly hope I'm wrong.
As for Mather, he was doing what he does best. Talk a good game on behalf of the company. I really like that bloke, as I know what he wants and that's a sense of achievement. It's not about the money for him, imo.
As opposed to the present lot. I honestly believe they have no affinity with the company and it's purely the money.
No ta. I'll stick with the 56p that I've previously mentioned a few times. I hope you're right.
Mind you, the amount of time it'll take for these to do it, you may well be bang on the money. It'll be worth about 20p in today's money.
Anyway I'm not deramping anything. I don't need to. All I've done is quote facts. The price is falling every day and there is nothing to arrest that fall, as it stands. The market has had it with this company until something material happens.
Bonker, pray tell. Is that where you think this is going?
Angelis, who's going to pay that when you can take part in the placing? Or even buy now?
I tend to agree, on the face of it it's a really bad RNS, but the more I think about it, the more I'm minded to think it's not actually quite that bad. That dilution though.....Losing thousands at a stroke tends to make people grumpy, I suppose, myself included.
RetiredBanker,
If I were CIG, I think I'd be keen on this sort of price too and you make some good points. However, I just get the feeling that there's nothing better than owing money to yourself!
KenJ,
"why did they neglect to tell us the figure that they have set the Gold price collar at?"
As has been said on here more than once, they haven't done it yet.
Don't get me wrong, I've got the hump over this lot as bad as everyone else has. But that is not a reason to be complaining.
I would imagine they'll inform us of the deal in the update.
They'd stop with these update RNS'. I think they're only annoying the market even more.
The transparency here is embarrassing and is only killing the SP more and more every day.
I'm struggling to believe that I average sub 10p and am 23% down. I really feel for anyone who is in at over 30p etc.
I'm not convinced it's about the remuneration package in the slightest.
I'm not casting aspersions, ooh no, because that would leave me open to charges of libel, but I'll bet the Betts group is doing very nicely thank you, out of the price of gold. Particularly so when they can smelt and refine it, then sell it without any middleman in that chain. All they have to do is source it. Very nice. :-/
Either this is being packaged ready for a sale or Dan really does want to build it.
I don't think it's up for sale, personally.