Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Expect a pre-pack adminstration for QTI. Assets purchased by managers/third parties with PIs left with zero.
This probably has still further north to travel today as the bid appears to place an indicative value of 75p on each KIW share. I have known this company since the days that it was known as Wadharma so today's news represents a landmark event in its history. Well done Mr Wollenberg !
... probably not until after 1400 hrs." Why should the Limeys rush us into an "early" announcement " !! This is going to be a looong drawn out process.
The Yanks are playing a clever hand on this. Depress the sp by managing the expectations of CBRY shareholders downwards and hoover up stock from panic sales in the market. My hunch is that the sp will return north with the launch of a formal bid on Monday.
thank you storm !
Is this rise on account of the rerating by Evolution ? any comments ?
hairdressers definitely bitten their "tongs" !
Has anyone succeeded in selling their "enhanced" QTI holding through Barclays today. I tried and was told that Barclays had not been notified of the share split by QTI and therefore Barclays could only deal with the presplit sized holding. This seems strange as notification by a company to brokers is normally done immediately.
I agree with Panmures. This is a solid stable investment.
Anyone care to offer a reason for the unusually heavy trading today - most of it being automatic trades.
Further staff cuts due to be announced to the market early next week. Possibly a reason for the current weakening of the sp ? comments ?
danger - 'fraid so. ian - not likely to have any negative effect. The whole idea of a pre pack admin is that the business is preserved to continue trading on a more secure basis. If TAN sourced any of it batteries from AXE, then the pre pack will have made TAN's source of supply more and not less secure.
Well done . You are ahead of the game on this one. The name of the company formed last Tuesday is actually Axeon Holding UK Ltd - not to be confused with Axeon Holdings PLC (which I suspect is the late lamented quoted co). AG Holding UK is a scottish company with a registered office at Hareness Road Aberdeen. I've not checked but is this not a million miles away from the actual Axeon business premises ?
Sorry chaps but what we have just seen happen here is almost certainly a "pre pack admin". That normally means a pre arranged sale of the assets (but stripped of the liabilities) to the management or directors or majority shareholder which leaves the creditors and other shareholders high and dry. It's a bummer.
good to see continued gradual uplift in sp. probably down to realization that dtz has been oversold in recent months combined with less pessimistic overall view of global property market.
...if only. ali2 k2 ! BS paid a total of £1 now in return for the right to buy upto 1.5 milion shares @ 1p per share (not £1 per share) at any time upto Feb 2015 !
Anyone know of any particular reason for the robust rise in the sp today ?
.... like I said, it may be hard on the individuals concerned, but DTZ's brand is a bigger influence than those individuals.
Thanks Big Ton. I agree with you. With their board representation and their shareholding the French are going to be massively influential on DTZ. DTZ have had their well publicised difficulties with Donaldsons but I think that DTZ is now big enough for the "brand" to take over from "people" as the essential driver for the business (subject of course to general market conditions). As hard as it may be for the individuals concerned, there will always be new people to replace those leaving. I am quietly confident that the trend of the sp will be upwards as opposed to downwards over the next 12 months.
SP ticking up nicely today. Anyone got a view on why this should be ? Delayed reaction from director purchase, maybe ?