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.
Sorry, correction - £122 million is the value of the deal for ALL of Crestchic. Rockwood only holds a share of that, so maybe £10-12m is closer to the mark: still representing a massive chunk of their market value.
The Crestchic takeover, assuming it goes ahead, theoretically releases £122 million in cash for reinvestment in a depressed market. Fabulous position for Rockwood. Get in!
The two (soon maybe 3) successful bidders have all paid (will pay) the same price, so high bidding hasn't really given businesses any advantage, apart from an early launch for MTN. The two market leaders will potentially now dominate the market even more than before, which doesn't seem great for Nigerian consumers. This kind of unpredictable government shenanigans is a discouraging aspect of operating in Africa, but AAF management and it's Indian majority owners seem to have a good grasp of the situation and of how to navigate choppy waters - parent company Airtel has faced similar challenges in India.
The recent behavior of the Nigerian govt. is what has suppressed the SP, imo, because it is their largest and fastest growing market. Despite this, a likely continuation of strong underlying growth may force the SP back to a rising trend fairly soon, imo.
Who are "they"? Some imaginary foe of yours? The person calling for the vaccine is Professor Adam Finn. Since he has spent his life on this work, who are you to question whether he "cares". What difference would it make for him to go to Dover and test migrants? That seems like a silly and impractical idea which you haven't really thought through properly. You seem to be making a weird, deranged link between migrants and dead children based on nothing but bigotry and xenophobia. Perhaps you were just attention seeking? What exactly is a "medieval" disease? This one is obviously contemporary, as it has killed children very recently, as you may have noticed from the post or the link. You seem to have nothing useful, interesting or entertaining to say. How sad for you, and for anyone reading the board.
Does anyone know if HVO has had any previous involvement in Strep A work?
Infectious disease expert, Professor Adam Finn, is calling for development of a Strep A vaccine, after 4 children died: https://www.youtube.com/watch?v=4-l_v7dWnHI
https://www.eetasia.com/xp-power-building-its-largest-global-manufacturing-facility-in-malaysia/
Approx £42M project to build XPPs biggest factory so far. 'Expected to be fully operational by the second quarter 2024...once completed, will employ approximately 1,200 people.'
No, we all expected the Texas inquisition. This delay is a real Spaniard in the works
Absolutely planetx! Good news continues. Brilliant performance in their first year, and managed to thoroughly outwit the spiteful Gresham House saboteurs who wanted to wind this company up. Well done to Helen Sinclair for getting investors out of their clutches into a much better managed group. She got sacked for her troubles, but should be seen as a heroine on these boards. Not many seem interested, but the future is so much brighter for the trust and it's investments now. NAV starting to climb again after a difficult period, but management still beat their peers and the main market.
RazzaB, what is your purpose in spreading misinformation? I've had Omicron. It is NOTHING like a cold. Some people get recurring, debilitating fatigue which can last for weeks, for me it was 3 weeks, and that was after being vaccinated 3 times for other strains. Again, nothing like a cold, more like flu++. Your lying BS could harm or misinform people, so why are you doing it, sheer malice or just deep, malignant ignorance?
"despite China's Zero Covid Policy" COVID is being exacerbated as a direct result of Xi's failed policy, not despite it. His refusal to import effective vaccines, and reliance on strict lockdowns has been a death sentence for many Chinese citizens. Lockdowns were a temporary measure, not a cure, and they very obviosuly cannot result in "zero covid". Vaccines are not a cure either, but a leader who refuses to obtain the most effective ones is unnecessarily condemning his people to death. In re-electing dangerous, ignorant Xi, the CCP has let the Chinese people down, yet again, and that's why so many of them are protesting.
It looks like JP Morgan closed their short position earlier in the month. GLG partners were down to 1.06% when they last notified on 10th November. 0.5% of that was from the end of June, when the price was around 2900, so it's still doing well, but the rest of it is probably underwater. These decreasing short positions certainly contributed to the rally.
Reported short positions can be downloaded, in spreadsheet form, from here: https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
The data is incomplete though, because the minimum reporting threshold is 0.1%, meaning you cannot tell when a position has been closed completely, but using the extra information on LSE you can make an educated guess
This article states that, as of 5 days ago, only MTN and Airtel had shown any interest in this year's auction. Since there are two lots, as things stand they would both only need to bid the reserve price to get one each?
https://nairametrics.com/2022/11/17/why-mtn-nigeria-wants-to-bid-for-another-5g-spectrum-this-year/
The article cuvio linked to points out that one problem with the second auction is that MTN, who already have a license, are allowed to, and intend to, bid for another one. If they won again, they would then hold a completely dominant position in the market.
Nigerian govt. apparently can't see any problem with that. Their reasoning is that the auction must be open and 'transparent', which completely ignores the actual issue - the glaring and obvious danger of monopoly and lack of competition which would, indisputably, be bad for the industry and bad for Nigerians in the long run. It seems like the main aim of the auctions is to maximise short term govt. revenue regardless of the long term cost.
"surely his target must now be even higher with the corrected data?"
metis20 already made that point as well, moany, you "numpty"! You should write for the IC?
"the numpty over at IC " Good old moany man, sticking the boot in over one mistake in a long analysis. Well done to StrictlyZinc (not Moany) for highlighting it, Metis (not Moany) for taking the iniative to report it, and ST for correcting it.
Although the IC article is a big boost, perhaps some of the rise is due to people taking an interest in where the POLB data is sourced? Still a potential goldmine underneath the crusted blarney
Decent final dividend of 12. 1p and the shorters are on the run. Big increase in debt for acquisitions, looks like Sage are in a growth spurt building up customer base, recurring revenue and margins. Underlying position looks promising
When "fund managers" buy, it's unequivocally good news, but when they sell it is not so clear cut, imo. There could be a number of legitimate reasons for selling other than because they think the SP will go down. But LO are even more difficult to gauge, because they are not just fund managers in the traditional sense, and their buying and selling could be coming from different parts of the business. Hard to predict market behavior, but it's a fair gamble to expect the price to rise in the "medium term" when either a court date or a settlement is ... guaranteed?
German insurance and finance group Allianz upped their stake from 3 to 4.25% (approx). A substantial vote of confidence in further growth from these levels. Outstanding performance from this company over the last few years.
"– this has been just another ‘false’ mini-rally and is likely over now. (Probably the best rally so far in that period).
I expect the SP will revert to descending next week/weeks."
Wrong yet again, Velo. Your wayward analysis has led you to deeply, almost comically inaccurate predictions here, time and time again. Your comment about "salivating" over lost opportunities seems like mere projection, because it is you who missed the opportunity offered here when the SP was around £15, just as you missed out in 2019. Both were golden opportunities. There is little point in following a share if you never commit. Aggressively insulting those who disagree with you isn't too smart either, why not just answer back politely? You might gain a better, more lucrative perspective. That's what a discussion board is for, not pointless name calling. Hopefully you are making some money on other shares, although not many have risen as far or as fast as this one, currently close to 50% in less than a month. Good luck.
Don't you hate it when someone calls you a "cult", like?
Just 'cos you happen to stick pins in a voodoo doll of Jay Y. Lee, people get all judgemental