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Tomorrow is the last working day of quarter one... I wonder what the 'small' deal is!
And what will he present... 1001 ways to dilute a share!
John Bell Non-executive Director John Bell is a Chartered Engineer with over 30 years experience in the energy sector having worked at Vice President or Managing Director level at BP, Statoil AS and Suncor Energy (Syria). He has spent a large part of his career in the Middle East, as well as time in North Africa, FSU, the Americas, the UK North Sea, Scandinavia & the Caribbean. Mr Bell has a First Class Honours Degree in Engineering from Strathclyde University in Scotland and studied Executive Leadership at Haas Business School, University of Berkeley California. Previous public company directorships include Gulfkeystone Petroleum, Tethys Petroleum and he is currently Managing Director of Gulfsands Petroleum.
Any idea of when this will take off???
I do agree the level of optimism in this room is crazy... I recall somebody saying the SP will be 50p after an AGM (like that ever happens).... As for you staying out... well I think you are wrong... the directors are buying heavily and there must be a reason (I don't now that reason). This stock will never fall below 17p (mark my words)... and I do think there will be a RSN to explain this phenomenon in a next few months.... Invest a few grand at least I say!
How long before we get the results?
Capital Reduction and Cash Distribution (also known as Return of Capital) is a return of a portion of the company’s paid-up share capital contributed by the shareholders back to the shareholders unlike regular dividend payouts which are drawn from the company’s current year profits or accumulated retained earnings over the years. Simply put, it constitutes a transfer of capital from the company back to the investors. Subject to the approval of the shareholders and the High Court of the Republic of Singapore, a Capital Reduction exercise may or may not result in a cancellation of Shares or a change in the number of Shares held by Shareholders though par value (where applicable) of each share will be reduced correspondingly while each shareholder maintains the same proportionate shareholding in the company. Companies look to reduce the company’s share capital and make capital distributions to shareholders for the following reasons: To return cash surplus to shareholders in excess of the immediate requirements of the Company, thus enhancing shareholders’ value though an improved Return On Equity (“ROE”) To achieve a more efficient capital structure
Yes but the market knows this already!
But based on what?... There is no strong agenda that would cause the SP to spike.... the ex div will be set just after the directors buy (surprise surprise)... SP is normally driven by results/announcements.... and the only thing that will spike this thing is possibly when the new distribution centre is up and running or if there is a takeover which would make sense given the low SP.
I wonder what this guy was thinking! Clearly him/her and the directors know something we don't!
Why are there so many sales before the market opened! At the AGM I am voting against the dividend (as I think the money should be used for expansion)... how you guys voting?
For your information (even though I am not obliged to tell you) yes I do have a investment in this share.... And as for my comments they reflect my views which I am entitled to! This chat surely was not created to post optimistic good news so people can comfort one another!
Clearly the directors are hoping to influence some decisions at the AGM!