Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
A profit would be nice Sam.
I judge companies - and more importantly its Board of Directors - by their performance, not by their share price. MANO should’ve been killing it this past year or so but it’s excuse after excuse. I’ve held this for three years, buying the dips, but this is my worst performing company based on its performance as a business.
If I was judging this company by its share price I would say it’s amazingly impressive.
Https://www.lbc.co.uk/news/redrow-over-100-jobs-risk-one-of-uks-largest-housebuilding-companies/
Panmure starts Redde Northgate with 'buy' - price target 500 pence
https://www.lse.co.uk/news/REDD/london-broker-ratings-panmure-likes-redde-northgate-davy-ups-moonpig-8a38vhg70ip4w6p.html
Update on Mandatory Offer: https://www.lse.co.uk/rns/BOTB/update-on-recommended-final-mandatory-cash-offer-zev1q4qob70o6l4.html
Too late for a competitor bid?
What's everyone doing? I've let a few shares go with the obvious impact of the spread.
Waffle Waffle Waffle. So why you here then? You've not said one thing to justify your claims. You just throw outlandish SP predictions out there without any explanation of your calculations. Do you think this crap works? Who are you working for?
Meanwhile: JPMorgan raises Mondi to 'overweight' (neutral) - price target 1,355 (1,606) pence
Well, you were spot on Terry. Blackmail indeed including “no guarantee of future dividends”.
Any idea on timescales and when we might receive the offer from our brokers? I’m with ii and Trading 212. ii are normally very good with corporate actions but T212 are hopeless. I didn’t even receive the last offer to sell some shares for £6 despite my nagging them!
UBS raises Whitbread price target to 4,200 (4,075) pence - 'buy'
https://www.lse.co.uk/news/WTB/london-broker-ratings-jpmorgan-cuts-lloyds-banking-to-underweight-0yomeui2qyzfy96.html
Thanks Terry.
Really glad I invested my hard-earned in this company.
Hello World
It seems the required 5% transfer is already under way as evidenced by the Form 8's. This takeover is happening whether we like it or not.
What happens if we vote against this? I don't understand the blackmail arguement. Thanks.
I am even more upset now I've found the prelims:
I agree with the comments below. Hindmarch & co gave away the first tranche at ÂŁ4.00 (10% discount on an already supressed price) and now he's letting Sagi have the rest for a single-digit P/E.
As far as I can see GIL has 29.9% of the voting rights and Hindmarch and Garton hold another 15.2%. GIL can now aquire another 5% at the price they have 'offered' and it's a done deal is it not?
This is the problem with AIM
@TerryM1 Because the market believes BOTB's shady BoD will sell for a bargain and 10p per share is hardly worth waiting for.
On the positive side, at least the SP is now underpinned for the forseeable.
@TheRedDot Well they got that badly wrong. Positive cash position of ÂŁ11m and debt reduced from ÂŁ30m to ÂŁ10m.
EOY TU is well overdue. Perhaps they have some news they’re waiting on or perhaps they’re just adhering to their usual poor record on comms. Either way, the SP has been somewhat twitchy the past couple of weeks.
I think they’d benefit hugely from creating a webcast presentation or at least a Q&A conference call but I think we know what the chances are of either of those happening.
@Apendragon Perhaps you could give a couple of examples of how the CEO is mismanaging it? The energy crisis is certainly not his fault and I would argue neither is the Russia situation, which although earmarked for sale, is still contributing to the income statement as discontinued earnings.
I would also be interested in why you think these factors will effectively cause bankruptcy for this ÂŁ6B company with solid balance sheet and heaps of cash. So is it ÂŁ5 per share or the end? It cannot be both.