Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any clue as to recent fall in price?
may be a disaffected employee/former employee who is attempting to exercise a grudge - failing miserably. This is fundamentally a sound company which to some extent profits from major intermittent events e.g. the olympics, commonwealth games, environmental disasters etc. Sure there will be peaks and troughs but the long term performance remains sound. Best to ignore his comments - badgering him will only encourage hm to make more - serious investors are wise enough to ignore rampers and derampers. This share is a long term hold - its not for someone hoping to make a 'quick buck'.
Having been involved in several receiverships, my experience has been that the receivers don't give a damn about the company, its unsecured creditors and its shareholders. Generally speaking, they are only interested in achieving a quick settlement for the secured lender(s), getting their generous fee and moving on to the next victim (witness the current debacle about RBS and Barclays are a bloody sight worse from personal experience). The ABM outcome is a huge question mark and if anyone was really interested why not mount a takeover right now. If the underlying market is not there and coupled with the collapsed and possibly declining gold price then what is there to buy - could be throwing good money after bad?
Administration or a firesale beckons - looking at the desperate measures being taken by the company, banks will more than likely 'tighten the screw'.
'Selling the family silver' springs to mind. This must be a desperation measure. Company is either overstocked or running out of liquid resources (cash), perhaps both. These measures are possibly delaying the inevitable - a takeover at a knockdown price, £1 for the company, or administration - my money would be on the latter option.
It surely depends on what value the jewellery stock is held at.
3/5 of 5/9 of SFA
Sold today at a substantial loss. With the declining value of gold and the desperate measures being adopted by ABM it looks as though it may be in a Death Spiral.
Presumably everyone is 'sitting on the fence' waiting to see what happens. A positive RNS together with a 1 for 1 Rights issue might be all that is required to make this stock fly.
I suggest you study the ABM Fundamentals. Start with the NAV per share. The Current Assets certainly cover Current and Long Term Liabilities. This will be resolved and as is so often the case there is a market over reaction to bad news.
Every little bit of good news helps
I'm afraid that I'm becoming increasingly frustrated by the ever soaring expectation of analysts and their considerable influence, both positive and negative on market prices. Their focus appears to be on an ever increasing expectation of profit growth. Logic determines that there this is quite simply not possible - there will always be economic peaks and troughs and companies with good underlying fundamentals will steer a passage through stormy waters and survive and prosper - Mulberry being just one of many. Forget about analysts - I sometimes wonder who really benefits from there opinions, forcecasts etc - the MMs? - forget about analysts and back stocks with good fundamentals rather than those chasng never ending spiral of profits ending in disaster - look at the British Banks for an example. This is a good company with sound fundamentals, I'm sticking with it and I may well add to my holding.
P M's appointment - what a laugh.
This company is drifting. We have a director who had a stake and sold it, SANDERSON, - what does that say about his commitment. IMO, he's just an old windbag - look what he did for his political party in Scotland - puffed and puffed and threw them into disarray. He's possibly doing the same here along with a few others. The product is good but we need new management.
Couldn't agree more. That old Tory windbag Lord Sanderson could start the show by puting his money where his mouth is - or else get off the BOD and let some new blood in .
Sanderson's a typical Tory grandee - in to make a quick buck and stuff the shareholders. Let's get the BOD sorted out starting with Sanderson. WE WANT DIRECTORS THAT PUT THEIR MONEY WHERE THEIR MOUTHS ARE.
I've said it before - Lightbody has brought nothing to this company. He's like my granny's cat - all w**d and p**s - he talks a good game bur delivers nothing. He's too interested in looking after his own company. Time he was out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The product concept is good. The Board is crap - we need to sort that out. Sanderson is a Tory grandee - inherited wealth - pretty useless - I came across him in the wool textile industry - he couldn't tell the difference between a sheep and a donkey - let's get him out then Clegg and then the company will motor!
It must just be a matter of time (sooner rather than later) before we see a bid for Faroe. Tom Cross has to do something at Parkmead to retain shareholder interest and value. He's been there a while now and nothing has happened. Shareholders will not stand around waiting for nothing. This would make an ideal first purchase for Parkmead - moreover they already have a stake in Faroe. However Dana also has a sizeable stake 20+% and this would also make a nice bolt on to its exploration portfolio - no doubt KNOC would have no problem in raising the stakes here. Great if a bidding battle took off - one or other will bid sooner or later ?
Not much is going to happen here until we have a change at the top. Lightbody would seem more preoccupied with his press image - it's all about the wondeful things he has done - why can't he cut it here. Let's get a professional in to turn this one around.