Member Info for BubbyHuxter

When you say 90p > 95p I assume you mean approximately a 10p >15p premium on its current (circa) 80p price? If holders were paid 10p/15p per share as a cash special dividend then the leaner studios only ITV would adjust back to 80p (approx).

But, free of the statutory broadcasting obligations of its M&E surely the new ITV Studios price would rise somewhat from 80p as it would become a desirable and much more straightforward takeover target.

Have I got this right?

Hey BigShow, I misread your post and got really excited and couldn't work out why BOOM hadn't doubled its value? I had read 'Alphabet' as the investor rather than Alphajet! We can but dream

What a difference a day makes:

as phase 1 (M&E) of ITV end game comes into view we are now close to parting company with the Dame (along with more cash) BUT it seems TOM is back through the revolving door. Tom, do you now own more shares than POGO?

Good luck to all holders

Just a quick thanks and appreciation to various posters, especially Ronwoking, DiveCentre, Corrywreckvan (and others, sorry) for keeping DCU holders up to date with the Administration process.

There are different takes and opinions; I welcome them all until the Administrator offers definitive guidance.

Thanks guys and keep it up - your efforts are valued by less able board members.

Naive request?

Whilst it would make no material difference to anyone who lost money here I would be very interested to hear from Alfacomp, RichKen and others who were uber positive in their posting.

As we won't be meeting up for the 0.31p or 0.00p party, If you feel able I'd love to hear from you guys on your take on what went wrong with BMN and at what point did they start to fear for their investment collapsing.

Not aiming to get into a discussion or even reply but I'm genuinely curious as to how the board cheerleaders feel now about their BMN investment and associated 'research'.

Anyone?

If it's that simple - it's the Dame to blame for such a low share price you'd think that a disruptor shareholder would come along and call for her to go. No? I think (without checking) Liberty Global hold 10% so they would have the leverage to oust her. Maybe they're happy with a suppressed share price?

Hi NicetoMichu,

there are a few references to Gamesa / Siemens. This is the first one under CEO Larry Zulch's summary under the paragraph heading:

Progressing Mistral

Our most important partnership is with Gamesa Electric and Siemens Gamesa Renewable Energy (SGRE) as reflected in our previously announced Joint Development and Commercialisation Agreement. Nothing on our pathway to profitability is more important than the investment we are making to progress the joint development of our next-generation product. The objectives for Mistral are simple, albeit quite challenging to realize: lower costs substantially from our current VS3 product while increasing the suitable project size addressed by our product from 10s to 100s of MWh. These objectives are captured in a single metric: Levelized Cost of Storage (LCOS). LCOS captures the total cost of operating a BESS, including purchase, operating costs and efficiency, on a throughput (in MWh) basis. Mistral is targeting the best LCOS of any BESS, bar none, and to beat years early the U.S. Department of Energy's LCOS target of $50/MWh by 2030.

Do a Command + F for 'Gamesa' and you'll find the other references.

5 members of the Huxter family (1.3m) voted 'No'

Just a warning and actual illustration of shareholders apathy when it comes to voting and why it is CRITICAL to vote (Yes or No). The following RNS was for HUR and a brilliant illustration of what can happen. This was the vote for the Capital reduction from 11 January 2023. Read for yourselves but approximately it was passed with 99.5% 'For'. However, only 29.8% of shareholder votes were cast ( it was probably only CA that bothered to vote). For there to be even a slim chance of blocking this Scheme of Arrangement ALL PIs and small IIs MUST vote.

ALL shareholders have power but only if they exercise it.

https://www.lse.co.uk/rns/HUR/result-of-voting-at-general-meeting-ok7s2pbly99pdjb.html
Incidentally, I've noticed this across so many AIM companies with significant PI holdings; check out RNSs with voting results for any other companies you've followed.
VOTE! VOTE! VOTE!

I think the timing of new CEO's admission that Shell were considering ditching UK for US is significant: The Chancellor will unveil his March budget statement shortly and the message is clear, work with us not against us. When The Netherlands starting chasing Shell down in the courts they left after 100 years - Jeremy Hunt better be listening

LTH but sick and weary of BMN's deals and communication thereof. Why do they have to be so opaque, so smoke and mirrors - is this intentional? Why? Why can't our plans be spelt out clearly? There's a lot of insults chucked around on this BB questioning intelligence (and intent) but come on, we're smart enough to understand the content or intent of most RNSs we read - but this Mustang/BMN deal is wilfully complex to the point no-one posting is really sure what's going on!
They say you shouldn't be invested in a company if you can't understand the business model, well, too late for me, I'm heavily in and at times worry I'm out of my depth - I just pray Fortune's got something brilliant cooking which will add significant value to shareholders; other scenario, Fortune's out of his depth too.
p.s. UKSTEVEG usually love reading your insightful and balanced comments - any ideas?

Great article loudspeaker, thanks for posting.
I recommend that all BMN investors read this as it has great information and insight into South Africa and Ramaphosa's plans for the electricity industry. Fingers crossed he remains in power for a few more years.

Whilst welcome, the MUST RNS continues the Bushveld tradition of muddied ownership - the complexity is bad enough for LTHs but is I believe a turn-off to new investors. never sure whether it's down to poor communication or knowing obfuscation. Will be writing to BMN to recommend @Maninshed's diagram of ownership suggestion.
Behind the smoke and mirrors and the soul destroying drop in SP I've always had a feeling that Jose Roy Borromeo (Acacia) has been looking for a better investment than vanadium mining and sees more action in the vanadium batteries - his holdings (BMN Vs MUST/Enerox) might suggest this.

Yeah, Immediate Acquisition (IME ticker) sold their entire holding £950k on 14th June ahead of a reverse takeover of a finntech company Finu. Seems that Mark Horrocks's sells announced today may well be to finance the loan facility of up to £2.5m that he's providing the new Finu (IME) company to assist their expansion - rather like Tobin provided here at BOOM). So maybe not a vote of no confidence in BOOM but a necessary sale to focus on his main project. Any one interested read the IME RNSs from May 2022.

London Underground staff bagged almost 9% pay rise in the last 3 months (IIRC) and guess what? Yep they're still on/off striking every week but it's not about pay it's pensions, working conditions, night tubes. If it is tolerated here it can definitely happen in SA.

Hyosung please approach Duferco and buy off book all their remaining shares in BMN.
Hyosung please then increase your holding to a very significant, say, 10% shareholding to get a ringside seat in V mining and electrolyte.
Hyosung get seat(s) on BMN's board to inject some world class leadership to focus on global expansion.
Not sure about SA's politics but going forward South Korean company seems way safer to have as a partner than Chinese suitor.
Fortune please, on the phone now (but no dilution, NO CLNs)

Surprised and disappointed that share price hasn't risen on takeover activity in sector: Brewin Dolphin's recently recommended takeover (by Royal Bank of Canada) added over 60% to its value and commentators said private wealth investment was of growing interest to financial companies. Patience I guess.

Before Alfa and Cindercone rock-up before the libel courts they might consider the damage (irreparable?) that their case may bring on their future dealings:
"Uncomfortable as it may be for the two sides to continue together, these present proceedings are not the way forward."
That's the final words summing up by the QC from the 70 page Garnet Vs VRFB (Bushveld) ruling (7th March 22)

Folk questioning why our share price is taking a hit. Seems obvious to me, the level of uncertainty regarding the Mustang investment along with the clearly damaged relationship between BMN/BEL and Garnet. It's been put off (RNS 11 March) until close of business this Thursday. Uncertainty never sits well against share valuation.

Thanks @Floyd81 for posting the downloadable ruling yesterday just after 3pm.
All shareholders should download and read it though be warned, it's mostly dense legalese but at times we get a real insider's view as to how these deals are orchestrated. Can't believe that there has been almost total silence on this BB, but then again, as @UKSteveg said, no-one comes out smelling of roses so maybe best to reflect on privately. On a positive, we've not lost the case but Fortune and Mikhail won't be opening the champagne and the judge recognises it will be uncomfortable for both parties to work together.
Interesting to see the responses after the 72hr moratorium.