Member Info for Culpepper

No answer, but a thought for you. Excerpt from mag. article.
“However, it’s not just other fund managers that the stock gets lent to. Brokers also want to borrow the stock to ensure that they have sufficient liquidity in that stock to fulfil their obligations as a market maker.”

In fairness, I now see Screwfix have 1 minute click and collect. I could never make it on time.

Bit basic, but I read that as Smith Mxc saying I want to cash in. Smith IDE says I’m thinking about it. How can we work it. Seems we’re a bit stuck.
Then the options. Convert and go from there. Raise some cash from institutions. Non starter. Get a loan, pay off Mxc, and leave that with IDE.

Thankyou SM for that response. I do not buy into all that on here, either. It’s usual bb fodder.Attempting to clarify from a bb perspective.
So it’s possible at least that those attending hold similar views. Might be presuming too much there, but one would think if the round and round on that on here was given any credibility by those bothering to attend, and not mentioned by them or Mr. Day, it’s a view holding little weight.

I’d be interested to know - I think it surely must have been asked, what Mr. Day had to say about the share price. Where is it against where he thinks it should be. If not, why not - ie what credibility does he give to the 0.50% shorting theory, manipulation, etc.

Thanks for that update. What I expected from an exploration/mining company, especially with Wyloo stating they will be supporting Ggp in endeavours other than Havieron.
I do wonder what is in mind when the prospect of a cash generating etc asset is brought forward ( I think again )

It is irrelevant from a business viewpoint at the moment. Ggp gave their assumptions of copper and gold prices around which they’re working on 19th. August.

I don’t think it’s fantasy. That’s pleasant.
Reading this board, the thought of further dilution and debt would cause apoplexy.

They’re still digging around, aren’t they? Publishing results and aspirations. Not unusual for miners.

Whatever else, there is no reason to assume the purpose of the joint venture has changed, and no longer serves the best interests of both parties as it stands today.

And no outward bid without an agreement on processing.

Wyloo aims to boost its green credentials, as it reminded again yesterday.

“Ontario has a once-in-a-generation opportunity to become a world-leading hub for the production of the critical minerals the world needs to de-carbonize and we want to play our part in connecting the minerals in the north with the manufacturing might in the south,” Giacovazzi said.

https://www.mining.com/wyloo-metals-renames-noront-as-ring-of-fire-metals-and-resumes-activity/

https://www.retailtimes.co.uk/wickes-reduces-click-and-collect-time-to-just-30-minutes/

Might make a difference to some customers, perhaps small trades.
Main competitor B and Q still 60 mins.

Well, Old Skint got 72 tick ups. Going some. After a long absence. Everyone pleased to see him.

From H1 report

Growing our estate of new format stores

Four store refits were completed during the first half of the year in Chadwell Heath, Oxford, Wimbledon and Stirchley. Our refitted stores benefit from an improved order fulfilment space which increases our home delivery capacity by over 10% per store. Implementation of our latest store service proposition allows store managers to better implement more efficient management of volumes and cost. Despite the impact of heightened build costs during the first half, store investments continue to deliver sales uplifts of over 25% and ROCE also of over 25%. Two further refits have been completed in Q3 to date, and we expect to complete 11 during the financial year as a whole.

Our property team is reviewing and stress testing a number of white space opportunities and we remain confident on the opportunity to expand our proven model into 20 new locations over the next five years. We expect to open a new store in Bolton in the second half.

“She will be instrumental in helping shape and deliver our growth agenda as we ramp up our store refit programme and embark on our new store opening programme.”
https://www.theretailbulletin.com/home-and-diy/wickes-announces-sarah-taitt-to-join-as-property-director-26-09-2022/

That’s for those who think Ggp will be an easy touch.

You up for another vote?
Under a contractual takeover offer, the bidder makes a general offer to all target shareholders. Shareholders are sent an offer document containing information on the bid and the bidder. The bidder must secure acceptances over shares representing more than 50% of the target’s voting share capital to declare the offer unconditional. Acceptances over shares representing 90% of the target’s voting share capital are required to squeeze out the minority (and thereby enable the bidder to acquire all of the target's voting share capital). Given that bidders typically aspire to acquire 100% of the voting rights in a target company, it is therefore usual for the acceptance condition to be set at 90% (rather than 50%), but for the bidder to have the option to reduce this threshold to shares carrying over 50% of the voting rights.

A scheme of arrangement is a statutory mechanism which is an alternative to a contractual offer. It is a formal arrangement between the target company and its shareholders, which is governed by the Companies Act 2006. A scheme of arrangement must be approved both by the shareholders of the target company and the High Court. In particular, a scheme of arrangement requires approval from shareholders who constitute a majority in number of each class of shareholders who are subject to the scheme of arrangement and who are voting at the meeting. This majority must also represent at least 75% in number of those shares which are voted.

The main advantage of a scheme of arrangement is that, if successful, it will bind all shareholders (regardless of whether, or in what way, they voted). However, due to the High Court’s involvement, schemes of arrangement are less flexible structures than contractual takeover offers.

Wow! Looks like the few on here going to be allowed to vote as they wish. There’s a thing. Democracy in action.

Finishing for today.
Sometimes you got to look at things in the round, haven’t you? I think, with unanswered bb questions, theories and all that, do I really believe it is likely I shall be somehow squeezed out of my money at whatever todays price is?
I don’t.