Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When the bid was "On", the sp only got to 117. I said at the time, all this talk of £2+ was nonsense, wishful thinking.
I'm assuming the bid was in the 125-150 range, as some of the more intelligent (and realistic) posters said.
Its not beyond the realms of possibility that Apollo are going to use the next 4 months to approach IIs direct. Theyve now done their DD. There's absolutely no point making a move for the co. before the GS expiry. If there is an appetite for a TO amongst the "65%", and I suspect there is, we'll know about it soon enough.
MM will as well, he has to make his move sooner rather than later. Not sure if he'll find anyone daft enough to back him though. Maybe the QIA????
What Apollo should do is this.
Start buying the shares now. In the market. Build
Up a stake of just under 5%. Not declared. Then, on the day of the GS expiry, go over the 5% threshold, a make a hostile bid for co. Having bought some cheapies.
The “65%” would fold faster than superman on laundry day.
Apollo should use the next 4 months to build a 4.99% undisclosed stake in THG without moving the price. Then on 15 September (GS expiry), go over the threshold and make a hostile bid. Having bought a load of cheapies, they could afford a slightly more generous price. The “65%” would soon fold, like a deck of cards.
For all those that missed yesterday’s exchange, goodtimescoming genuinely thought that the BOD was seeking shareholder approval to raise £2m via a share offering.
He genuinely thought this. Scroll back. He’s hilarious.
Goodtimescoming
You embarrassed yourself yesterday. You are clearly clueless. And I agree, instead of apologising and trying to educate yourself from more intelligent (most) and experiences investors, you chose to go on the attack and be rude. Consequently embarrassing yourself further.
Manifesto
“ They are clearly not done, so they must believe ”
Please explain. How do you know they are not done?
It’s not clear to me. I don’t wish to appear confrontational, I was just wondering if you had any real insight. Or if this was more baseless ramping.
Thanks.