Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hopefully something to do with Tesla announcement due this evening when US market closes, comments on BTC expected!
Announcing results and trading update, outlook today, expected to income comments on BTC as well. !! coming up early afternoon our time, I think 1pm or 1.30pm.
This PE bid will not be accepted, is bad for all concerned, it wont be accepted because they are not adding any value, sure they will sell the stores, petrol stations etc and force MRW to lease them back, taking out the money for themselves. MRW can do that tomorrow if they wished so unless they come up with a way to add value, it will not be accepted. L&G a major shareholder / very influential has already expressed major concerns, not against a T/O but this particular T/O., they say the intrinsic value of MRW assets is around £3 so either the bid has to get close to that to force their hand, OR another bidder comes in with a different approach rather than stripping it down and milking MRW dry, then selling off what's left in 5 years, anyone can do that even the current board.
Straight into auction
225p at least, short squeeze will now push this up as well
The inevitable short squeeze will add to buying pressure, pushing up the SP as well, those with shorts open have a mandate of a certain percentage, for example 6% increase, when SP goes up by the certain percentage they are allowed, they ARE FORCED to buy and close or reduce their position to prevent further losses, this is good for traditional holders, and gives shorters a punch below the belt. Bring it on!
Like Asda, this is all about asset stripping. They raise some capital 5-10% from their own shareholders then take a massive mortgage, add this to Morrison’s and then strip out and sell the key assets. Morrison’s owns lots of properties, these will be sold and then leased back to Morrison’s. It’s factories and abbatoirs will be sold. So they will make a lot of cash by breaking up Morrison’s, once the best assets are sold and Morrison’s has paid back the debt they put on the company, they sell on and exit, around 3-5 years later. Doesn’t seem fair or ethical that they can make Morrison’s pay back a debt so they can clean up but this is the American model, like Man Utd, like Asda so it will happen, money talks and Morrison’s assets add up to more than the current market cap. The 110,000 employees are not even a consideration. They are not buying to try and improve its fortunes, it’s to be stripped and dismantled.
A 16% premium is a low ball offer. This will be thrown out straight away. The typical premium is 40% BUT uk equity is seen as low and undervalued around the world so there is talk of 50-60% in these times. Best hope is this flushes out a big from Amazon who have been eyeing up MRW as a route into the UK grocery sector! Roll on Monday 8am.
Just topped up 9k at 31p, 11.10am, it is showing as a sell. Very frustrating when it does that.
Let’s hope we don’t hear they were bought from Peter wall - who is Canadian - or a family member / associate. The Texas land was bought from a arb director.
Not looking good at the moment
No one likes a dilution BUT the price is sensible, many other raises have been on a much higher discount so only 11% is very positive reflecting the outlook for Solg. Also, we now have 50m in the bank and will no doubt benefit from future drill results which improves the SP once results announced so yes its a dilution but we have a stronger company that will be validating their assets. Good News.
We’re these extra block admission shares already announced or is this a new 10% dilution?
Xenor....wouldn’t be cine would it? Lol.
You'll get in a sub £1 in a few days.
Less than 1% of ARB is owned by the company directors, although they no doubt have endless share options that they can 'exercise' if they like. That is telling, they believe in it so much, they have so little of their own money in it, AND when they did have shares from the latest round of exercising options, what did they do...sell em straight away. Tells you how much faith they have in the future outlook!
This share acts like Gamestop, no link to the 'commodity' itself, had a big rise, loads bought in, now on the way back down, people in denial they have made a mistake and won't hear anything but, "it's going up, please don't say otherwise," yet when BTC shoots up, no reflection in the SP, clearly more going on here than meets the eye, even the directors sold loads to cash in knowing its unrealistic SP.. if so good, why didn't they hold and sell in few weeks or months, they are already millionaires so the nonsense about paying a tax bill is bull...t
The USA, most lucrative market for flights has vaccinated 29.1% of the total 331m population as of today. It won't be long before they open the skies to long haul, particularly from countries like UK on 45% of total population, (the figures published by UK news channels show only the %age of adult population for some odd reason but when I fly away holiday - my kids come too) Israel 60%, so whatever happens in EU, there is a boost coming imminently when the US opens up and I want a price of it on my RR shares. Notably, Gibraltar on 91%, Seychelles next on 64% of population vaccinated. Interesting that Australia only 0.62% BUT they have very low cases anyway. And don't forget flying hours not the only revenue source!.
Tryharder, looks like you just made another BAD decision. MMs love impatient people like you, just churning and paying them fees. You better hope BP and Shell don't do a fund raise now to help them convert to cleaner energy - oooh by the way thats what RR are doing.