Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Research what they did to block energy, looks like the same people
The only reason you would buy 5% of the company is to request a general meeting to either remove the board or to unlock shareholder value
But I don't think they have a chance with Gupta family holding 50% of shares
Read about block energy there the same people i think we should see that they have to say as block energy share price has tanked 80% since they tried to intervene in the company
Give me half of book take it, give share holders 100% ROI and run to renewable safety
Gotta be realistic mate
It's a bogstandard coal power plant nothing special, companies aren't going to premium prices
Need to move into renewables
Cos they set the benchmark at $300 usd for December
So I'm unsure how there forecasting $60 usd
Where have they got them figures from?
Or is that a projection?
Gotta sell the power plant to adani don't see us getting close to even 20p a share even with 15 million plus ebit
I like the pie charts and graphs
Bond holders got a good deal here
Fulcrum got a year to pay back a chunky loan or if they dont the bond holders get shares at a 50% discount
Be careful here high risk high reward scenario
You're knackered if the contracts don't pick up
We'd need coal at 50 quid a ton for that to happen mate unlikely unfortunately
Debt would be at a 12% interest rate, they wont fund buybacks with debt but you never know
Financing isn't in place mate, they will raise more debt soon, don't see them buying back shares
I'd them rather them focus on hydrogen projects
Probs see tomz morning
Both were a sell mate I think it's m&g
How did they find a buyer?
Don't think there is a background seller of big size, probs be a market marker
Guptas own half and he has to say if he's sold or bought anything
They must be down millions when you think about it when you look at IPO price
Update due in early feb, my expectation it will be the same as the past 2 announcements high coal prices and low generation
If the balance sheet way fine why raise cash via debt?
If the whole point is to completely deleverage the balance sheet why take on more debt
Buying back shares seems so stupid when coal is at record highs and you need to preserve cash for extended periods
Renewables is the way forward not buy backs
Have seen the balance sheet?
We need to pay back debt and payables
Its not paying anything at 5.9p a share its 10% interest on the debt we will have to pay back
Not sure you would get a 10% interest loan to buy back shares maybe if it was 1% or 2%
Will be used for paying for coal and paying back bonds
Their raising more debt via NCD to the sum of 20 million pounds they did a post on BSE