George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sterguson91 - I have just one comment on your explanation. The assets of the company are reduced but with fewer shares the amount of money paid in dividends gets to more per share (unfortunately bonuses will also rise).
Also is the money is from cash earned then in future that money given the same earnings can be used for growth, investment and larger dividends.
So there are plus sides to the share buy back.
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Not much info just the statement
It seems the European commission have just approved the take over.
Would be nice to see a message as to where we stand in finalizing this.
Guess from the increase in share price there may be some who know.
I note 2 things. The RNS gave no mention of the interest rate. Hopefully it is vatable. The money is for projects which will either provide a one off profit or hopefully a continuous revenue stream.
The also still have another 17 million to invest in other projects (maybe less after bonuses).
I am hoping for breakout but it really depends on how the money is used and what revenue streams are generated.
This deal seems bad. The items that R&Q are committed to from the purchase price seem to be there to make the price sound better.
I can almost understand the loan of 46 million having to be repaid
The capital contribution to Accredited should come with some value like shares or be made by the buyer.
I am not sure what the extra collateral is for but if it is accredited then the buyer should be paying it.
The assumed debt 0f 27 million from accredited should not left with accredited.
So at best 27+76 million =103 million should be deducted from the purchase price with the buyer just giving the money to Accredited.
So the purchase price is actually 362 million.
If the collateral is for Accredited then another 40-80 million need to be deducted from the purchase price.
My take was the asset prediction when its all done. Before the 100 million is the fact that assets are close to $1 per share.
I just hope that the other assets are real and not intangible assets.
The link says everything has been reported so there was a notification. Looking in google Barbara Contini seems to be married to Henrik Stigell a financier so maybe he transferred or it was inherited.
Do you think the board is actually working or have they gone on a long cruise around the world.
A month should be enough to say if the negotiations are continuing or not.
At least give us something positive that boosts the share price.
My understanding is that they are considering selling both parts of the business. Though it does not say explicitly.
So what would the company be left with?
would we all get a payout? And the company close.
Interesting report but the date chosen seems to be suspicious. The beginning of 2019 was a year before Covid so the interesting figure would be January 2020.
Maybe a typo or it maybe that numbers had already fallen significantly during the year and the reporters wanted to make is seem worse.
With all the claims that there is more money to be had from Capricorn, I wonder why there is no rush to buy shares and the share price is wallowing.
If there is a value of 300+ or 400+ in the share why is is still around 240 and not heading to at least the value that the initial deal with Tullow of 270.
Something seems bad in the state of Capricorn or there is no real faith in Palliser.
Has about 2 GBP in cash per share. Hs Income from Egypt and some extra payments for North Sea sold last year. Has some North Sea and other areas of exploration so just 60p from those seems to undervalue the investments.
Values Cain at 2.12 per share and with a planned dividend of 2.2 pence per share is a plus for Capricorn. Big increase in production for Capricorn. So Tullow expert but no knowledge about Capricorn.
You forget that Capricorn have interests in 9 licenses. Development in the north sea is expensive so 9 licenses seems like a reasonable amount.
Just one quote front the announcement "Any vote in respect of resolutions to be proposed at the Court Meeting, the Capricorn General Meeting or the Tullow General Meeting to approve the Combination, the Scheme or related matters, 8 should be made only on the basis of the information contained in the Scheme Document, the Prospectus and, in the case of Tullow Shareholders, the Circular"
There will be a meeting for Capricorn shareholders to vote.
This is strange but sales are 3+ times the buys?
I think you will find that as any share the fact of a dividend (even consolidation) pushes the price up. After the dividend/consolidation takes effect those interested in the dividend sell quickly thus forcing the price down.
CNE has always used a capital return which comes out of the companies assets and is taxed differently so these special dividends are not actually special dividends but capital return.
Shouldn't Eco Island have to pay some compensation? If they were already committed to another company then the signing of a letter of intent seems to me to be illegal. It could have been designed to harm ACTA.
If I understand correctly PDG paid back 26 million of debt in the last 6 months. The asset value is about 19.7p per share So share price is about 80 percent of assets. I know this contains goodwill but is this a reasonable share value when taking into account the assets of the company or should it be higher
I have just looked at the presentation from the Annual General Meeting and have seen that they are moving from AIM to ASX. No comment on delisting but I am not sure what this means. Does anyone have further information?