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whatamess: duly noted re citi - thanks
Given “Sell” Rating at Citigroup target GBX 56 ($0.79) ...so we watch on
Book-Worm, yes 'Takeda was forced by the Takeover Panel to make an announcement following a spike in Shire�s shares on Tuesday' https://www.thetimes.co.uk/edition/business/shire-faces-calls-to-find-credible-saviour-from-possible-takeda-bid-89g8tmncz
Interpretation please!! Ok speculate Moody's Confirms B2 Rating Of Petra Diamonds But Outlook Now NegativeLONDON (Alliance News) - Moody's Investors Service confirmed late Friday the miner Petra ... Alliance News24 February, 2018 | 2:50PM LONDON (Alliance News) - Moody's Investors Service confirmed late Friday the miner Petra Diamonds Ltd's corporate family debt rating at B2 and its probability of default rating at B2-PD. However, Moody's changed the outlook on the ratings to negative from review for downgrade. "Our decision to confirm Petra's ratings reflects a drop in near-term liquidity risk the company faces after it successfully agreed a waiver and reset of 2017-18 bank covenant tests that it was uncertain to pass," said Douglas Rowlings, a Moody's vice president and senior analyst. "However, the negative outlook factors in the likelihood that it may again need to seek additional waivers or resets for upcoming tests in 2019." Moody's confirmed the B3 rating assigned to Petra's USD650 million senior secured notes due May 1, 2022. On Monday, Petra had reported that both earnings and revenue fell slightly in its first half of its financial year, despite a rise in production, in a period which saw the miner hit by industrial action and the inability to sell the Williamson diamond parcel. Adjusted earnings before interest, tax, depreciation, and amortisation for the six months to December fell to USD80.1 million from USD87.1 million, with revenue falling to USD225.2 million from USD228.5 million in the same period a year earlier. Petra shares closed down 2.6% in London on Friday at 60.90 pence. By Tom Waite; thomaslwaite@alliancenews.com Copyright 2018 Alliance News Limited. All Rights Reserved.
HeresHopin - got you. Zuma please don't go..don't goooo..lets see how it rolls at the LSE open, JSE up 2.53%
wpuld be nice for Zuma to cling on until this SP get back up...notice how the rand strength for his 'departure' has the sp on downward spiral even if only briefly. Zuma stay, please!!
HeresHopin, thanks. Looks like we were no doubt saved by the takeover..the sp would have gone in deep s**t! Lonmin hasn't done well on its own.
Two rns out..any analysis/predictions re sp today. Cant sift throught the stuff lol
This thing is going to fall some more....Dignity bosses sold millions of shares before announcement, shame! https://www.thetimes.co.uk/edition/business/dignity-bosses-sold-millions-of-shares-tdn6vrvlm
What date is the trading update?
Morgan Cazenove broker initiation at 777 Overweight according to Share Magazine
Platinum miner Lonmin's lenders relax loan agreements again Reuters18 January 2018 LONDON (Reuters) - Platinum miner Lonmin (LMI.L) (LONJ.J) has received a further waiver on its debt agreements from its lenders, preventing a default, the South Africa-focused company said on Thursday. https://uk.news.yahoo.com/platinum-miner-lonmins-lenders-relax-135329414.html