Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Thanks IB, but usually a scoping study report is a hundreds of pages long technical report covering the project in detail- history, geography, market studies, mine design etc. I'd hoped there was something more substantial than those 20 pages.
Greetings. Just doing some general stock picking and found my merry way here. From a superficial scan of this stock, I see a strong trading update, circa $20m quarterly profits, strong forecasts, and then a MC of $250m. Any kind investor willing to bullet point for me what may have been holding SLP back and why it may or may not re-rate higher? CHEERS!
This stock has serious resistance at 5p, literally cannot shift it. Lithium price so so high yet no one willing to bet on SAV. I am in disbelief, although I suppose I’ve learned a lesson, that the EIA process has been drawn out for SO. LONG. I really felt this stock was a rocket waiting to take off, but there’s only so many times I can see delays or lack of progress. I see all this activity rebranding and appointing a new broker etc as all posturing to try and keep the angry mob from the gates. Not sure how much longer I can face this charade. Still holding onto my last shred of hope that approval comes in soon and value gets realised.
Tosca added another 200k shares @ £1.44. Stake up to 28.24%. Can only be a positive sign
Confused as to how a public company can make buyout info private? I suppose it’s all sensitive to making the deal go through… have to assume shareholders will be informed of any binding offers. But the rest will go back and forth as “non binding” behind the scenes, away from us peasants. Shame.. just hope it’s a good deal in the end
My personal view is if Ted can realise its turnaround plan and return to steady profitability by 2024 onwards then 12 month price target is £2.00. 24 month target is £2.50 to £3.00.. but as I say, entirely dependent on executing their strategy in a very challenging market.
My take is that Tosca have had ample time to bid while the SP has been beaten down all the way to 80p in the past year… yet they haven’t. Question is, is this takeover approach enough to force their hand to get involved? Lots of uncertainty here.
My hope is Sycamore, fresh off a failed run at Boots in the realm of £6bn, see Ted as ideal for their retail portfolio. Knew it was going to be a chess game to settle on a price. Their opening salvo was to gauge the temperature, leaving things open to run up to say £400m, which I believe reflects the value of the Ted Baker brand but accounts for the turnaround required. That’s around £2.10. Fingers crossed…
Tosca added another 270k shares, taking their stake up to 28.1%. Continuing vote of confidence that the shares are undervalued...
Would love input on this board from anyone with experience of takeover deals (but perhaps nobody has, myself included). My narrative is the following: This is standard negotiations shenanigans, first bid comes in low (although still >50% premium to the 87p ish price seen earlier in March) to test the waters. Presumably as "unsolicited non-binding proposals", there's no legal requirement to disclose the information. Putting a positive spin on it, Ted saw 137.5p as laughably low and saw no reason to trouble the public with this information when a higher, potentially attractive bid will be forthcoming.
A quote from the 'Armchair Trader' today: "[Ted Baker] has now received two unsolicited offers from a private equity buyer. Both have been rejected on the basis the board believes that the approaches undervalue the business, but clearly this paves the way for renewed bids to emerge."
I hold with an average around 150p so clearly I'm inclined to hope for a positive outcome. But at this stage I don't feel the need to run for the hills.. holding strong with my dear Teddy.
My have been posted previously but was interested to read a short article dated 10th Jan 22 regarding the mining convention renegotiation and the impacts on local communities:
"https://www.dandc.eu/en/article/burundi-wants-bigger-share-income-nations-mining-operations"
"The suspension of mining put a financial squeeze on the mining companies, but also on Burundian labourers working in the mines. Surrounding communities have also felt a pinch, as their tax revenues have fallen.
One of the affected labourers is Casimir Hakizimana of Mutambu in Bujumbura province, where Rainbow Rare Earths, a Guernsey-based company, has been mining since 2017. He is baffled by the closure : “I have been working here for two years,” he says. “What will happen to me? I used to be able to pay my children’s school fees and to buy seeds for my mother’s garden, but no more.”
The broader community has also been affected. Rainbow Rare Earths had pledged to build schools, pave roads and restore the damaged environment surrounding the mines. But when the mines were closed, these operations stopped. So did an estimated $15,000 in tax payments due to the local communities."
Seems like most would benefit from a swift resolution.
Personally, I am finding the lack of RNS updates and guidance for both Burundi and Phalaborwa to be quite grating.
Noticing Sav has been conspicuously quiet on social media since end of Dec. Typically they have communicated at least a few times per month in the past. Clearly reason to await these election results but wonder if it is more telling that significant news drop is imminent. The EIA has to come soon, it's been a long old wait and we need to push forward and keep this momentum. Let's go!