Member Info for burgeseb

The Company is not transparent. It wants to blame all its failures on supply chain disruption. How is the supply chain disrupted? Except for Middle East and Ukraine there are now wars. If one can not manage supply chain in current environment then the efficiency of management is questionable. There was no warning that the Company is facing liquidity issues and will raise funds thereby diluting our share-holdings. Just 2 hours notice without giving information on what is the price range for book building. The Company may be negotiating on the price with the institutional investors and since they would have demanded hefty discounts the Company resorted to give profit warning two months back so that the price falls and another profit warning yesterday just before the issue all this being done to jusstify the issue of shares at lower price.

Lawrence Stroll does not come out to be somebody who can make a turnaround and give reasonable returns to shareholders. The best interest to retail shareholders is that the Company should be sold

If so, tomorrow the price will cross 18.50 and if it continues then will reach 20 by month-end

In my view it will be bad news as these shares most likely will be allocated at discounts. If allocated at price above today's market price sat 130 p then news is positive for retail investors. Let's wait and watch tomorrow

Capita next announcement is only on 14/12 on Pre-Trading update. So one can not expect any results before Mar 25

Nihar - Are you resident outside France? If so did you receive option to apply for rights issue? My broker in UK (Hargreaves) is not giving me an option to do so

Engineer - Nihar - Do you have ATOS shares. if you are not resident of France how are you dealing with the dilution in value. Don't you think it is unfair for ATOS to only give right shares to residents of France

Nihar - Do you have ATOS shares. if you are not resident of France how are you dealing with the dilution in value. Don't you think it is unfair for ATOS to only give right shares to residents of France

I am holder of ATOS SE shares. I was not offered the Rights shares as I was informed that Rights issue is only for residents in France. This is very unfair. How does one deal with dilution in value of original shares without having rights to subscribe in rights.

Can anybody tell me how to deal with this?

Tornadotony

It is not overdone. It is underperformance of Endeavor Mining shares. Time to exit when share price reaches 1650 pence. Very disappointing

I don't agree that one should wait till Q4 results which are in March 25 as management in its commentary has informed that the Company will achieve Revenue projection at low end and cost projection at higher end. The fact that year on year gold production is reduced from from 792 Koz (Sep 23) to 741 Koz (Sep 24) - year-on-year drop of 7% itself shows decline in earnings. Thanks to the higher gold price else the results would have been another disaster. In Q4 23 total production was 280 Koz whereas the highest gold production is in current quarter at 270 Koz. Therefore one can expect fall in production anywhere between 7% to 10%. There would surely be analyst downgrade which I believe is priced in current market price. I would not hold it for long time. If price nears 1800 pence I will be happy to quit. Price target of 2400 as given by analyst would need significant growth in earnings. It can be only reached if the Company is target for an acquisition. The management is good only at making flashy presentation but not great in execution

I am holding shares of Endeavor for some time now. This year it has given very weak performance with revenues on lower side of projection and cost on higher side. Very disappointing despite the fact that gold prices are at record levels. Management has lot to explain on conference call today for their poor execution of operations. I will hold for sometime till prices correct but this Company is not right to hold for long-term except when one expects it to be a takeover target.

Today Endeaveour Mining in Canadian Stock Exchange closed at CAD 31.33 and Gold was priced at USD 2630. In GBP terms the Market Price is 1750 p. If the Gold price stays at same level i.e USD 2630 then one can expect opening price to be around 1735 p (2 % above today's price. If the Gold price is say .25 % upside (USD 2636) then expect the opening price to be around £1750. If there is a momentum in Gold Price by afternoon as seen today then the closing price will be 1780 p. The risk BF government announcement is priced in the discount else the price as of today should be 1875 p (somewhere near to price on 23/09). Positive results are expected in H2 and it is expected that gold will continue its upward journey because of series of rate cuts. With optimistic update from management de-risking BF government announcement one can see the price reaching 2350 p by Dec 24