George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
" results were still 6 months away ", "His "6 months" seems a bit like a finger in the air"
Didn't he actually say "within the next 6 months"? Not saying that's reliable, but it's different from "in 6 months"
24p may be a low offer compared to some people's expectations, the point is that it is a higher price than the market is willing to pay now. It is therefore worth thinking about. The price is only likely to reach 30p if there is a general market upturn or if there is significant unexpected news. Possible, but very optimistic, imo. The other possibility, a lower future price, is equally likely, arguably even more likely given the uncertainties of the next few months, including major elections.
The lesson from the settlement with Samsung is that in real, hard cash terms, Nanoco's patents are worth considerably less than they have been pretending from the outset, including during the entirety of the litigation. They are not worthless, but they are (based on this, the best evidence available) nowhere near the goldmine they were purported to be either.
As I understand it, the "tender offer" is effectively a form of share buyback (a small part of it is an actual share buyback). At 24p the offer is considerably higher than the current share price. The market, therefore, seems to be indicating that 24p is generous, so it's worth considering. The current share price should be regarded as already including the benefits of the "distribution", which has now been demoted to a mere chance to exit at a higher SP, a radically different option to that previously suggested by the board, imo. It seems likely most shareholders will probably not sell, so they will have to distribute the money in another form anyway, rendering this "more effiicient" method a waste of time and money?
Co- Co- Co-, it's magic:
https://www.sage.com/en-gb/sage-ai/
The Sage centre in Gateshead has been renamed the Glasshouse, because Sage have bought the naming rights to a new arena being built next to it: https://exhibitionworld.co.uk/sage-strikes-naming-rights-deal-for-new-newcastle-arena-in-the-uk
Thanks Fishinggardener. I didn't appreciate the devaluation was that severe - on your figures it's almost 70%, truly shocking over such a short period. I think you are right that devaluation is a feature of investing in Africa which has to be taken into account by investors, but the severity of the current situation is unusual - probably a symptom of worldwide economic malaise (apart from the US which seems to be doing fine, further worsening currency issues for AAF)
Bloomsbury have just continued outperforming since the last TU and it's likely to continue, because SJM is just one of many success stories here. HP will soon have a new lease of life as a VERY long running TV adaptation for a new generation. Katharine Rundell's new series has huge potential too. There might well be a further lift in May if they announce a significant acquisition. The digital academic division is now balancing the outstanding fiction operation beautifully and building a really solid and growing business.
The unanticipated R&D tax credit reduction actually amounted to "over £2m". Pretty "unfortunate" if the CFO is not monitoring relevant government tax changes, especially ones this significant?
The market was clearly hoping for even faster growth, but when you take the tax issue into account, the figures are satisfactory and all moving in the right direction. With breakeven now only about a year away, and clearly visible, I can't see a need for further fundraising - the trajectory seems firmly upwards over the coming months. Assuming no further similar tax hits (CFO?) then the next results should look comparatively enhanced.
Suddenly past £15 Bongo - squeaky bum time for your prediction!
Did you see that story about a British guy living in China who disappeared in 2018, then just last week the "communists" admitted they've been detaining him for all this time, on something amounting to espionage charges. They are supposed to be a superpower yet act like a criminal banana republic - viciously backward: no respect for rights or law whatsoever, just mafia rule stamping on people mercilessly
Moany Man = Moniman, a regular contributer to these boards. He moans a lot. He didn't invest here directly, but in another company who got taken over by this one, in other words "accidentally". But he did it a lot earlier than J P Morgan. A carpetbagger is a derogatory name for someone who comes late to take advantage. An "institution" could be an institutional investor, but it could also be a mental institution. A kind of joke, do you see? The "if" in the post was a typo, which is admittedly confusing, but LSE has no editing. HTH (that's an acronym for Hope That Helps, often used in social media).
"Well, you can't get much better than JP Morgan as an institutional investor! "
Moany Man got in a lot earlier than carpetbaggers JPM, albeit accidentally, and if he's an institution on these boards, in fact many believe he belongs in one?
They haven't "sacked" Olusegun Ogunsanya , he is retiring in July and becoming the head of their charity organisation. His replacement, Sunil Taldar, has already worked for the parent company for 15 years, so no real reason to expect a radical change in direction based on his appointment. The family have always owned most of the company, which is really a spinoff from their main Indian operation. They started with 100% before deciding to launch it on the London market - recent purchases may seem like a large amount of money to you, but to them it's just a small additional percentage. It's probable that they just see the SP as good value at current levels. Unless you expect the Naira to be devalued every year, the growth here remains spectacular. We should, unfortunately, expect devaluation from time to time though (-:
The significant thing is the start of regulatory approval in a potentially massive market. The Hong Kong doctors response is hilariously sober and restrained, but highly complimentary
Thanks Poker, just came here from reading that - the Chinese housing market lurches from bad to desperate, threatening the entire economy, and the useless government offers no credible solutions. Problem with the corrupt "Communist" mafia is that there is no alternative, or at least no peaceful, civilized one.
You seem to be conflating three different choices into two, SIDO. The cash can be used to pay down debt from lenders, buy back shares and cancel them, or pay out dividends to shareholders. Any combination of the three is possible, assuming cash is available. There are benefits and drawbacks to each, certainly, but they have the same intrinsic value.
Retaining a high debt ratio merely to maintain dividend rates doesn't seem like a sustainable policy, so debt reduction probably ought to be the priority. The dividend policy is worth protecting, but buy backs seem less important?
" the pure financial play is to gear up and buy back more shares"
Surely the pure financial play is to simply pay off debt instead?
I wouldn't rely on Xi for anything, he's been making poor decisions for years and cannot be trusted. Economically, he's been weak and lost, bullying and ruining Hong Kong for zero benefit to China, and disastrously mismanaging the Covid crisis. He also presides over a deceitful economy, where companies pretend to be independent when in reality they are just part of the communist mafia, with company structures even more opaque than Enron. Economic data coming out of China still has to be "interpreted" because they still lie for political reasons - it's pathetic and juvenile. Anyone investing here should be mindful of the hoops Pru have to jump through just to operate in the region, and suspicious about what extra burdens might be suddenly introduced if they ever actually started thriving.
Having said that, long term this is an exciting growth market, and there is always the possibility that new generations in China will eventually change direction and recognize the value of fair dealing and legality, and the worldwide respect and opportunities it could open up for them.
Revenue in North America increased by 13%
High quality, sustained growth
Pretty downbeat update - the patient is still in recovery