Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Banbury - so if a bid was to come in at say 5p and share price goes to 4p and you sell. What happens to the shares taken up under the offer that don't get awarded until September? I agree with your point but not sure how these will work.
I know this has a fairly static valuation pending any NAV update - but price doesn't seem to have changes since early December. Seems a bit odd. Also doesn't appear to be picked up in my yahoo finance - so shows as a 100% gain every day which is annoying!
Anyone else got any issues?
As a holder since IPO have seen some considerable pain here - but still find the pubs generally busy whenever I go.
Thinking ahead to the summer - what are thoughts on the estate and showing the Euros - usually a money spinner for the pubs but not sure if Revolution really show it. Also guessing Peach (having never been to one) are unlikely to show it given higher end food offering?
Not sure whether to have one last throw of the dice here but think it is at that stage.
I had a quick skim of the AGM resolutions and didn't see anything about the offer / accepting it. Have I missed it or will this be voted on another time.
From the flavour of this thread it looks like retail investors will probably have some push back but whether it makes much difference is another thing. I would like to see offer of at least £3 to be happy.
Agreed Banbury - my memory is that we paid c£16m for Peach and like you say pubs generally doing well - trading should hopefully improve with no covid and less strikes at key times such as Xmas (fingers crossed) - whenever I have been in a Revolution, they have been busy but this has admittedly been at weekends.
With current market cap sub £14m I do think there must be risk on the debt - I haven't checked the details, but I do think paying that down to minimise refinancing risk is key then hopefully things get a bit rosier. Happy to hold for another few years and think I may escape with a profit.
Just made my 11th purchase since IPO in March 2015 where i got 500 shares at £2 a pop. This is my lowest price purchase and last throw of the dice. Brings my average down to 20p - wonder if i will make it out with profit!
I would have thought it to be more likely they sell the assets to realise the NAV - rather than someone buy it and have the same discount applied. I am happy to sit and collect dividend however - added some more yesterday.