Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lejjb: Already amassed a large enough stake in the company? Or, put in a large enough pence/share offer to be able to amass a large enough stake to take it over? It would obviously make sense to buy a large percentage of shares first, so you are not paying premiums on that percentage & they have the voting rights that come with them
Aren't there two types of takeover bids? The nicey, nicey agreed offer agreed & backed by the board, following discussions with all parties about who keeps their cushy places at the trough etc. Then the hostile bid that can come without any control, recommendation or detailed discussion from or with the BOD. I wonder if there are potentially one or two of the latter hovering around?
Mariog: Much more likely that the share price will jump to a few percent higher than the offer price, in anticipation of the offer being voted down & requiring an improved offer, or maybe even a second counter-bid from another company.
Two 100k transactions at 12.16 & my buy is showing as a sell. Hopefully positivity is returning & the price will keep heading back to a more realistic level.
I'm learning not to worry about things you can't control; rather reflect on what is happening & ask myself how can I best make it work for me. I bought my 1st batch at 17p when it was clear they were greatly undervalued
Not sure anyone confident that a bid will materialise at some point, will dare to be out over this weekend. I've bought my latest batch this morning & expect another tick up in the last 30 minutes of trading today. Not sure I should chuck any more eggs into the same basket, but it is so tempting, as it appears somewhat a no-brainer! Talking of BIDS, it's on the move too ;-)
It is pretty certain that there is at least 4 potential bidders (all named?) but am I right in saying that there hasn't been an RNS to confirm the fourth? Maybe, they don't need to announce who are officially looking at the books & if not, then there could already be several other firms looking through them, that have not yet been declared. This has to pop very soon.
I'm still expecting a late new bidder coming to the table. Maybe a big UK based insurance name that can reduce running costs by combining admin/offices etc. A bid may come sooner than expected, to make the offer price per share as attractive as possible. If they are going to bid 50p/share, then waiting 'til the price hits 48p, in anticipation of the offer, is not a great strategy
My suspicion is that there are other potential suitors out there, such as a major insurance company, that will now be forced to show their hand within the next couple of weeks.
Was about to sell first thing this morning, but ended up buying some more instead :)
Sorry, misread your question with the previous reply - but doesn't hurt to remind ourselves of where we should be heading.
The last paragraph (tipped when priced 50.5p): "The potential for Pelatro to double net profits next year as the operational leverage of the business model kicks in is significantly undervalued as the shares only trade on a 2021 price/earnings (PE) ratio of 10. My target price is 100p. Strong buy."
It took me many attempts to learn my lesson, not to get sucked in. I kept blaming my own bad luck. But the fact of the matter is: If you keep making the same decisions, you are very likely to keep getting the same outcomes. I got out before the top this morning & watched on with envy for the next couple of hours but it turns out to have been 100% the right decision & I just have to learn to accept that it is almost impossible to predict the top, or the bottom.
Biggest buy I've seen in the past hour is less than £4k - should there not be a bit more conviction from the bigger players if a 150% rise on the day is warranted? I'm not so sure. Plenty of day traders will want to convince us otherwise.
Have got drawn into the hype with similar situations far too often in the past & ended up with many regrets. Been a fantastic morning, but don't get greedy. There are no big buys on the trading list so far, so please be careful.
Investors Chronicle were very nervous, a couple of weeks back, about the level of debt in the current climate & marked AA down as a sell. I too have taken a position in BooHoo at 288p on the way down and more than doubled up at 206p on the turn Quite proud of my 2nd dib, almost unheard of for me to catch the very bottom. Still holding AA at the moment (bought at 17p) but looking for an exit opportunity. Mind you, I suppose that is true about any share.
Talking a lot about Gold & Silver prices rocketing over the next 3 years, with plenty of nervousness over FIAT currencies. Plus positivity over copper & even helium (not sure that's relevant to MT), so I've taken the opportunity
I have never held a share yet that has been good news in the shorter when a director (or relevant person) has sold shares, no matter what their reasoning/excuses at the time. Blind loyalty & rose tinted glasses however have cost me thousands. I'm out
It's really motoring this morning!
Haha, I didn't put those **** in my previous post. How else am I supposed to say his name??