Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
You hit the nail on the head in saying that the report was 'OK', it was not ahead of expectations... dull results.
I think its got to have been the buying the week before which pushed it up around 14%, and the results aren't quite as mind blowing as they had hoped and they are selling... hopefully the sellers are out now...
Really?! Looks like the market disagrees... which is a shame really as the longer term prospects look very good!
I think that they saw the shark fin and it scared them all away...
I know right... what is the end game here?! Is there something in regards to the privately held elephant copper holding... there must be something that the company holds that they are after... otherwise why bother??? Maybe the like the name...
Especially if he is referring to mine blowing up... that is definitely bad for shareholders...
LOL, where do you get all this stuff from Sharky... 2p miniumum??! And what director sells.. they sold to NC?? Oh well at least its fun I guess.
...it's a phoenix! GLA
He does... I guess that NC is after the remaining 10% that AFE holds as free carried interest. AFE also has 14.4% of elephant copper... and 614K of cash at the end of 2013. Not sure what value can be placed on the above... anyone willing to give it a proper go?
I think 10p is quite a stretch Sharky, most of the assets have already been sold, I understand that there might be some cash left.. but what I am interested to know is why is Karim and NC are after this company...?? Can anyone connect the dots on this one? Or are they just looking to use this as a base as an investment company?
Cheers Sharky, how did you get to a 2p value.. I thought this was simply an investment holding company with a few holdings I other companies n a bit of cash?
Quite a bit of selling this morning, this needs to find some support or we are going down fast! Anyone got a decent calculated value for this SP?
I can't see the conservatives moving on this one, this is Osbournes legacy but I will be buying if we see 100p. And I agree that this will be a long old time before getting anywhere near bre budget levels.
Yeah... I think I view is a bit more like the below... ''Canaccord Genuity lowered its price target to 130p and predicted a run-off of the business as the most likely outcome of the Budget bombshell. ‘We would note that additional costs could be incurred in run-off which could make a discount appropriate, albeit that some level of new business may be maintained in the near term,’ it said''
I am with you on the value, but I think the EV is around 130 which granted is higher than where we are now, completely agree with you that the annuity business will not disappear, some people will always want certainty over investment risk. But that EV can be eroded through higher associated business costs as the company may well have to cut costs due to a reduced level of business. I do think annuity biz will shrink as people use their pension to buy property, pay off mortgage, etc. For me the upside looks limited. Its an interesting one.
I am in on this, but I do struggle with the upside potential as you could argue that it is priced at about the right level on the basis of its existing assets and the future potential?? Can there be any reasonable trigger to get this moving upwards?