focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
A potential buyer of tly (and this goes for small shareholder as well as full takeover) would do their own due diligence on the company and come to their own view of what the goodwill is worth, regardless of what it says in the balance sheet. A crude measure using current MCap suggests the market values the goodwill plus profit generation potential at about £18m.
Thanks for the correction. Yes I think so. Very undervalued. Topped up today.
Just found 50p down the back of the sofa. That’s me in at 8.50.....
Away from my desk at moment so please correct me if I’m wrong but the argento shares receive a 10% pa dividend and are preference so much more attractive than just the plain obt shares. Still haven’t a clue what the implications are though.....
Into the 3% club....
From the CNN report: Ayatollah Khamenei, issued a set of demands to European powers in which he voiced skepticism that they would remain committed to the 2015 deal. He also warned that Iran would restart its nuclear activities if they failed to act swiftly."The heads of European countries say different things. For our economy, we cannot rely on JCPOA and the Europeans," Khamenei said. Khamenei said the JCPOA could only continue if the Europeans fulfill six conditions including: Promising not to ask Iran about its ballistic missile program or its regional activities; guaranteeing that Iran's oil will continue to be sold and compensating for any losses and buying any remainining stock; and having European banks guarantee financial transactions with Iran. "If the Europeans linger over our demands, Iran has the right to resume its nuclear activities," Khamenei continued. "When we see that the JCPOA is useless, one way forward is to restart those halted activities."
Iran threatening to pull out of JCPOA. Khamenei said he was pessimistic about the three European countries involved in the nuclear deal, the UK, France and Germany, because, he said, they have proved that on the most sensitive issues they follow the US. “Of course, Europe will not stand in the United States’ way. Let’s be realistic and not count on probabilities,” he said. He laid down six conditions for Europe if it wants Iran to remain in the agreement, including a halt to objecting to Iran’s missile tests or regional behaviour. “Europe must guarantee that Iran’s oil will be completely sold. If the US can damage the sale of our oil, we must be able to sell as much oil as we want,” he said. “If the Europeans linger over our demands, Iran has the right to resume its nuclear activities. When we see that the JCPOA was useless, one way forward is to restart those halted activities.”
Not fading. Looks like Iran are coming back fighting. http://www.bbc.com/news/world-middle-east-44230983
I don’t see any need for a placing just yet. In January they had 0.4m in cash plus about 0.7m from the fundraise so about 1.1m in total. According to the announcement at the time they got through about 90,000 in January so if we take that as an svereage monthly burn then they have enough cash from the last fundraise to see them through until the end of 2018. That doesn’t allow for any potential increase in revenues from SL or from the tech contract. Cash looks ok to me for now. Just the CLNs to roll over and sorted for the time being.
Rhetoric from US seems to being ramped up with conditions being broadened way beyond just nuclear. http://www.bbc.com/news/world-us-canada-44200621 In a speech in Washington, America's top diplomat said Iran would be "battling to keep its economy alive" after the sanctions took effect.
It was the bounce rather than the trend line I was interested in. What bounce are you referring to? Thanks.
Not much into charts. Out of interest what was the bounce off trend line you refer to?