George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
YES the shares can come back onto the market if the company restructure is successful and finances improve in the future. But will take several years if not longer or never. Take your pick.
This is the last bit. Everything else is regurgitated stuff.
Analysts at Peel Hunt said THG has been putting in place measures to help lift its stock market valuation.
They said: “We believe that lack of disclosure, high investment and cash outflows, and the post-Covid downgrades seen at THG, and across this space, have weighed heavily on the shares, along with other issues, all of which have played out fairly publicly.
“Margin recovery, revenue growth, and sustainable cash generation are the driving factors for the next leg of the journey. Similarly, we are starting to see early signs of better disclosure, which will be key to lifting investor understanding and confidence.”
Analysts at Jefferies said they believed THG offered investors “access to an impressive stable of market-leading strategic assets”.
Solid update showing the potential going forward for the entire business after the last two transformative years. One more year of bedding in and the shares will recover some of their value. 2026 I see the shares over 150 pence by YE. Any bottom feeder investment funds had better bid this year if they still want the company cheap.
Sheltie don’t waste your Chat on StockLoss, just will not listen. £400m company value my bottom. Still can’t believe the Ramping that pulled in unsuspecting Newbies who may have listened to their tripe.
Now you know why the SP still dropped.
Not sure why folks are surprised at the final outcome, without a bid this was almost a certainty. I suppose MunchOnToffee will state a counter offer from the Black Knight may appear, lol
Option A: an open offer at £0.01 per share to raise gross proceeds of the sterling equivalent of up to €8 million (the “Open Offer”); or
Option B: a placing at £0.05 per share to raise gross proceeds of £10 million (the “Placing”).
I suppose MunchOnToffee still buying to “average down”. I wonder if StickyToffee is buying as well. I expect the two of them would own the entire free float between them but for StickyToffee listening to some people who stated not to count on a bid.
Maybe pick some up for 6 pence tomorrow morning.
“remains in discussions with its lenders to restructure its debt which would result in a significant proportion of the debt being exchanged for equity in the business. It also continues to be in discussion with prospective investors and certain major shareholders in relation to potential further investment in the Company and remains in negotiations with prospective purchasers regarding the sale of non-core assets, as set out in recent announcements.“
Whatever route the company takes it will stabilise the company. What is clear is that company needs to reduce its debt, increase balance sheet cash and will not be going down the toilet. So, there is value in the shares and more than you might think 🤔 IMO
I am not surprised the shares were in auction when the SP reached 30 pence. Lots of stops at the 30 pence mark need filling. Takes the wind out of the upward swing but you don’t jump ship when you are just out of the harbour, the sails are just unfurling and open water is in front of you. Will see 80 pence sometime this year IMO.