Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
RJT, don't forget that N now has pending action in Germany and China as well. If N wins the Texas court case, I expect they will immediately begin proceedings in Germany with a view to getting an injunction ASAP (though it will still take best part of a year). This does put extra pressure on S - they will have to balance the delay in paying through appealing, against the chance they will be unable to sell any TVs in Germany quite soon.
Looks as is the SP peaked at about 818p in May 2021, a little behind the rest of the market, which peaked roughly Nov/Dec that year.
Why would the BoD consider selling when the SP is well below half that level? Smacks of desperation or suggests there are money problems lurking after buying Amoeba.
Stateside The Trade Desk has also had a pretty poor ride, though not as bad as here. If TRMR can ride out the recession, why not wait until the macro=economic picture is brigher?
Mortimer, I'm in the same boat. When we are offered the RI, you can choose not to take any (in which case you suffer 95% dilution), or you can take them all, in which case you need the cash. There is also a third option, called tail-swallowing. What you can do is sell, say, half your rights on the open market and then use the cash raised from that to buy the remainder of your rights. That way, you don't have to stump up more than about half the full amount.
The problem is that you won't know what price you'll get for them on the open market so it may or may not pay for the remaining rights but it does give you the chance to avoid total dilution.
I'm no expert on this only having been through a couple of RI ages ago, so maybe other posters can help?
PS I vote for Skeggie!
Yep, count me in.
I assume we will need a large number of PI shareholders to get this off the ground, so please seriously consider this.
I admit my response is mainly an emotional one at the mo, as I'm sure it is for most posters here but it seems the BoD and parties to the 'rescue' have some serious questions to answer.
I reckon we won't be getting anything as shareholders so have written off all my investment here; I won't pretend it doesn't hurt - I put too much here. Very disappointed that management could make nothing of negotiations with Next, Foschini or TJ before bringing in the administrators, along with misleading language in the RNSs. Something smells very bad here.
The only positive is that the brand will survive if this deal goes ahead and looks as if the majority of stores and - most importantly - jobs will stay.
Been watching Strix for some time. It seems unjustifiably bashed about in terms of SP and today's drop really looks overdone. Have made a small investment at just under 84p as the business looks good overall. I agree with unhooked that I will probably be looking post-recession for this to recover well but I'm happy with that.
GLA.
Looks as if the drop was because Numis has downgraded to 'hold' from 'add'. Reckon I will top up if this drops more as the growth drivers for the company still look positive.
Another good RNS for Interim Results showing growth in revenue, profit and interim divi. The SP hasn't responded that well today but am hoping this is a slow burner that will grow slowly and under the covers. Wish I had topped up when it was below £7 in October.
And they must have enough cash to pay for the RI as well. In some ways it seems a strange time to make a big buy. Knowing the SP action here, I wouldn't expect a spike even on a good RNS.
Thanks for the link. A very interesting if slightly depressing article that sounds familiar to all LTH here. The system does mitigate against minnows it seems, especially when big companies with cash aplenty can simply use time and the PTAB and legal system to maximise their profit from infringing, while hoping the minnow goes bust. The abuse of PTAB in this case is really shocking.
What is needed is an enormous fine along with immediate and far-reaching injunctions to ensure quick payment. I believe NANO is first in line to benefit ;)
Maybe it's been a case of buy the rumour, sell the news and that's why a slight decline in the SP today. I'm not surprised, especially with the odd historical moves in the share.
Hoping WHI can successfully bring this to a wider audience soon and then the SP will start moving up to where it deserves to be - at least 7p!
Forgot to say:
no RNS or media items I can find; interim results aren't due till the end of Nov and no apparent closing of shorts, so still can't understand such a big move today.
No idea! But the SP has spiked - though not this much - once in Sept and once in Oct. It then came most of the way back down. Maybe some big short-term traders.
I am thinking of topping up as got in just below £9 but deffo not today! When the SP drops back it seems to revert around the 50 day SMA so may reconsider it then.
panda, the real reason for the price rise is that I sold at 194p. The market knows this is a guaranteed signal for everyone else to buy ;)
I do want to buy back in and of course seeing the price steadily rising is giving me FOMO. Maybe I should wait a few days for some downward SP action before dipping a toe back in.
Nice to see the gold price heading back up but still concerned over the lack of change in Ukraine. The rumours seem just that and I can't see Putin giving up his gains or being able to give it some sort of sheen of victory. Ukraine's public stance is understandably requiring 100% of its territory back. He seems secure despite the disquiet caused by the mobilisation.
Thanks TDT.
I voted For Res 1-4 and Against 5. I think RY does need to stay just for continuity and see the sale through, though far from happy with performance, esp the latest fiasco with banking.
Short-term goal is just to see the divi land in my account and reduce my loss, having got in at 3.79p.
Further on, would obviously like to see a meaningful RTO that gives us some more value on top of the SP but I think a lot of cash shells just end up being de-listed. If that happens, I assume any value left is given to shareholders, if the BoD hasn't sucked it all up in 'salaries'.
Seems most miners are well up today, so probably that plus the RNS JORC expectation is helping push us up. Even giants like Rio are up about 8% which is unusual.
I know I said I wouldn't top up again.
I lied.
Only a teeny one but this is now my largest single share investment. Info from the recent RNS and investor questions and replies convince me this is still a good risk vs reward investment.
Numbers, I was only in here once but made the same mistake as you. I've been watching, too, but would want a sustained move above the 50 day SMA (it did manage to get over this in Sept but not for long) both here and in the FTSE All Share index before dipping back in.
It seems a well-run business and like so many others, the slightest bad news causes overreactions in the SP at the moment. Existing holders should be OK in the medium term, I reckon.
Yep, good SP movement on what is actually a mixed bag of an RNS. It seems a case of steadying the ship for 2023 after the growth plan hasn't produced the expected results. Liquidity looking safe for now as well.
Looking at the charts, this peaked around 890p in Apr 2021 and started a slow decline from Sept that year until now. I'll be watching this over the next few weeks to how it reacts compared with the macro situation and then perhaps dip a toe in. I do think the business will survive and ultimately do well.
While it's good news that the raise was at a premium and that shows confidence in LEX' future, I'm not happy with any dilution when trying to make up for a massive loss.
I do reluctantly concede this sounds the correct move if this allows the full drilling exploration of the Carolina sites and JORCs for all of them.
This should happen before any new ventures in other territories, as
1. Would not want management's attention split between 2 projects.
2. This is especially the case were any new project to be outside a 'safe' territory like the USA: look at the history of this company in Tanzania and even in safe Australia. Rosie, I realise the suggestion of S Africa is pure conjecture but it is fraught with economic and political problems far beyond anything in the USA.
The positive may be that any new licencing agreements etc might be a little cheaper bearing in mind the current subdues gold price.