Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Share price rose in recent months because this is a fantastically well-run company with great prospects and 2024 will see great improvements to the balance sheets.
The share price fell recently because of the joint-broker announcement, and that tends to be a self-fulfilling prophecy leading to a falling share price.
REAT don't need to raise cash to keep the lights on, but they might want to raise dosh for an acquisition. Or there might not be a raise at all.
Short-term this is difficult to trade because it's so illiquid. Long-term you'll be fine because there is only tremendous potential for upside to REAT from here.
NED Kate Marsh spent over £30k buying shares on the open market at £95 to nearly double her holding.
A sign of confidence, surely, from someone who already had skin in the game and didn't need to purchase more shares just for the optics.
a hostile takeover needs 75% shareholder approval? richard sneller, david ****e and daniel lee hold more than than 25% so they can resist low-ball offers.
all pis need here is patience.
Trading update is fantastic, but I think the other RNS, the one about appointing a joint broker, has spooked small investors due to placing concerns, and that's why the price has dropped.
As announced in today's RNS, Dowgate Capital are appointed Joint Broker for REAT.
https://www.lse.co.uk/rns/REAT/appointment-of-joint-broker-c40tf0wff8806fp.html
Most likely a placing to raise funds for expansion or acquisition because REAT don't need the funds for working capital.
Dowgate Wealth recently upped their stake in REAT to 11%, so they have a dual interest here, probably looking to increase the Dowgate stake and possibly take shares in lieu of payment.
I just hope it's not at a ridiculous discount.
That's the thing about a progressive dividend policy, they're going to keep increasing it.
If they said, a year ago, our share price ought to be £10, so we're going to pay a 4% divi based on that share price, that would be terrible management.
Who can predict share price movements and macro economic factors? And who would count their chickens before they've hatched?
It's far better to start low and raise the divi when more comfortable. It's sensible management. That money isn't going anywhere, and should be earning interest for the company too.
They can always pay out special divis at a later date.
How would the share price react if for some reason YU started out paying a big divi and then had to cut it (even for reasons outside their control) ?
Company directors want a nice steady rise to the share price, rather than sudden sharp spikes up and down
YU have sensible management that I trust. Patience is all I need. I am relaxed here, I don't need to monitor the sp constantly every day.
Licensing, by its very nature, will always be lumpy. Think of it as the cherry on top rather than a core metric.
Everything that is under Games Workshop's control is doing fantastically well. Very few companies have thrived during Covid/Brexit/global recession like GAW have. It's a beast!
Divis still rising too :)
Such a steep discount does feel like a kick in the nuts for regular shareholders :(
I would imagine that lines of communication between the board and Richard Sneller are very much open if you look at (a) how much he was invested before the placing, and (b) how much he invested during the placing.
Clearly he was sufficiently satisfied to not only retain his holding but to increase it. He has a long-term view, likes what he sees, and doesn't need his hand held like a nervous PI on the Internet.
The share price action in CNIC/TIG is baffling. Steady growth, top tier clients, solid management. But sp continues to languish at the bottom of the 115-130 range.
Eventually this will be trading at much higher levels, but trying to predict the timeframe is tough. Thankfully patience is all that is needed.
STL, that's my thinking too, and I'm taking it to mean that SCE is still optimising the outstanding issues.
As frustrating as these repeated speedbumps have been as an investor, it sounds like SCE are much more forthcoming with their actual clients, who are okay with the timescales.
The investment case is so compelling, and the risk/reward profile at these prices is fantastic, imo.
Trade price was 2.60 so it was a sell.
Maybe, but there's only one real reason why a board member buys shares on the open market, and that's to make money on the deal.
Short, medium or long term, Bernstein is very confident of turning a decent profit on shares bought at 16p.
Ianbt, you appear to hate the 3 shares you consistently post about: APTA, ABDX and AVCT.
Why do you own shares in these companies if you are so unhappy? Why not invest in companies that you feel positive about?
Exec Chair, Richard Bernstein, is certainly keen to take advantage of the dip in share price with two more large purchases in the last two days. He definitely has skin in the game with over 18% of the company, and he's still buying on the open market.
I'm very positive on this company's prospects. If the Trading Updates keep showing that positive upward trajectory into profitability then the re-rate will be big.
But someone seems desperate for a bit of Xmas cash this morning...
I can feel the board's excitement from the RNS. MSALABS CEO is "thrilled" to announce this.
This isn't a small contract, dipping their toes into the USA, this is a big deal. The biggest deal in their history.
This is also a showcase of their state of the art hybrid facilities. Others will be looking on with interest.