The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
My message is for stuart104 😞
Are you a silly Billy! Why you tender now , why not nearer to the closing date Ie 26th March , this trnder offer is not first come first serve .
Unless you are T….k up there 👆 😂
As US$ weakened against the £. , this option 2 scheme will flop
DEC better off with Buy back - much cheaper if the Board thinks is undervalue rather than going through this ‘SILLY ‘ scheme .
I can bet this tender offer will fail badly and won’t use up the $42m imo
The fact is very simple - any share that sells in the tender offer doesn’t qualify for Q3 div.
Thus making it difficult to go over the finishing line
Jarvaman.
It clearly stated that the Q3 div will be waived - if one opted for Option 2 however the shares would get a 5% premium on the SP in return . However shareholders can sell part of their Q3. Div entitlement o and In this case , you get some in div and the sold shares would get SP plus 5% ( those sold shares would not come with Q3 - that is what I understand
You have forgotten the 5% plus I think you are confused . The wordings of Option 2 is not exactly clear ., thus even Ii broker is confused and so too many of us 😞
I think DEC board treating shareholders like FOOLS , thinking we don’t have 0 level maths or cannot do any adding and subtraction. 😊
When I called ii today , Q3 div is waived and in return one gets 5% more on the average. 5 days SP before 27 March -
If SP remains or stay under £10 - this option 2. will fail badly .
Why £10.50. - take current share price £9.30. + 5% say 50p. =. £9.80 but the div is 68p so one. Loses 18p then
If Q3 dividend is waived if shareholder opt for option 2 from my calculation, DEC SP needs to be over £14. ( LSE market) before one benefits from this .
Better do nothing and take the dividend which is worth 68p at current exchsnge rate . .do you own calculation
Today PHNX will test the low again it is unloved and unwanted.
Nearly all Uk shares are up up and away and why SnWS is down down down today under 43.5p .
Someone couple of months ago mentioned that sub 50p couldn’t ignore , is this a falling knife ?
Posting the Result
Market hates uncertainty . PAY definitely created this. Investors already waited far too long after thr preliminary good result excluding Appreciate in late April 2023. Now with a further delay of the Result due to Technical Accounting Treatment on some big items issue on Appreciate by the Auditor .. it really throw a spanner on the Result . This Accounting Treatment of Appreciate sounded either transferring to in P & L Account which affects the bottom line final result or transferring to Balance Sheet . This delay doesn’t sound good to me . PAY will be under pressure now till result is out . Likely to retest £3.80
This is not rumour . Is a fact - mentioned in Sky news as Lukashenko said himself .
It was Belarus President convinced Putin not to kill and punish Prigozhin and his lieutenants. Putin agreed to Lukashenko to spare Prigozhin .Putin currently has only one sold mate which he can trust.
Putin clearly showing sign of having mental problem He is a worried President and Putin needs to be replaced asap due to the huge nuclear stockpile under a unstable Leadee .
Putin changed his stance again Prigozhin and his lieutenants . Yesterday Putin’s speech cleared said that Prigozhin would face justice but today Putin pardoned them . Putin therefore is unstable and confused and weak . Putin days are numbered - marked my words . This is the end days of Putin .
Belarus President , Lukashenko confirmed that PrigozIhin with his l lieutenants in Belarus - what next ?