Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Very true, 2yrs in a row where they have been unable to get shareholders to support them. You would have thought they would have learnt from last year, but obviously not. Given, what 75% of the shares are in French hands, maybe they should either move out of France (to which Graham catagorically refused, foolish move), or hire a broker who can support the company in France (instead of hiring ODDO who systematically destroyed shareholder interest). More failures of the company and the head man. None insurmountable, but add them to the new guys list of things to sort out asap.
jcb208, thats what our positivity is reduced to isn't it. I feel the same. The losses now are meaningless, the frustration though endures. On the flip side it can only lose another 252.7p, and I've held long enough to have seen moves of much more than that in a matter of minutes. It would however be lovely once in a while to see it move up and break out of this fecking down trend.
Anger is bred from the company incompetance with regards to its investors. Baffles me why so many run around as cheer leaders get your votes in etc. They dont deserve our support, support is earnt. Thats the heart view. The head view is it is ridiculously cheap, on a scale I dont think I've ever come across in many years of investing. Change all the management, up the investor focus and II focus. Get the house in orer an we look back on this time as a huge opportunity to have bought cheaply. If not, well in my mind the shares are worthless right now, so I'll hold until it goes whichever way. But it is truely sad that a company performs so badly that its investors feel such a way. Even our own investors dont want to engage to vote because of a massive lethargy and disgruntlement with how it is run, that should be very very telling for management.
I think we are past the point of being unhappy, personally I am angry with the company management, furious actually. Monday had better bring some serious plans and forward thinking otherwise its going to get ugly.
Who would want them airlineboy? Everyday they fall, what will be different tomorrow, or the day after. I've written them off to the value of 100%, sh@t show of a share and a comapny,. No point selling them at this level, but you'd have a hard time convincing even the most loyal of investor to buy or top up given how they have performed this year. Truely awful company. Are they worth more, massively so, will they go up? I doubt it
It goes down because it is NCYT, it is what we do. So desensitised to it now that it is meaningless. Might have a heart attack if it actually started to go up for a change, but I imagine I will be safe for a while yet.
I'm not sure repeating the same discussion on what info they will or will not provide is very useful. We can want whatever we like, but at the end of the day it is NCYT's decision to publish info, some of which they will deem commercially sensitive so will not provide full info on. I have no problem with that, they are better positioned than I am to make that call. I don't want to see detailed contract info on orders, company ordering, and breakdown by delivery date etc etc. It would be disadvantageous to NCYT and by association to us as investors.
Unfortunately we know from bitter experience that our current government care very little for safety, reliability, or accuracy, not just in testing but in national logistics, energy and supply chains. What they do care about is the popular vote. It will have no impact, the government doesn't care one bit anymore, all it wants is to make the majority happy, and unfortunately the majority of people in this country are fools. Brexit case in point, we don't want foreigners "taking our jobs" and yet know we are begging foreigners to come here to work, and they're tell us to go fk ourselves, and rightly so. Enough politics from me, enjoy your weekends folks.
Any other covid play would trumpet that as a massive success story and throw a RNS party. We on the other hand read about it on some news pages. There in lays part of NCYT's problem...
'outstrip supply you mean'. That's always the case in Winter, its why there is gas pipeline infrastructure and gas storage build up over the summer across Europe (and also why current gas prices are so high). The extent to how much demand is in excess of supply is key, not simply that is.