I don't think our board gets paid excessively, not like the likes of Dudley and sorrel and their tens of millions, if a ceo adds millions or billions to their company's market cap are they worth 300k or 50 million, possibly. But point taken our board have not consistently delivered....
i did remeber your subs club this morning Chesh when i saw the news, still 3.5p aOk, will be interesting to see if this trades higher over next few months, 6p would not surprise me, before getting knocked down 40% for the next rights etc
I've a fair bit of this now sadly my first purchases were at over 3.00, with the cut div must be yielding me 3% have bought more in chunks down to 160, thinking may buy more for the rerate, and help claw back the loss on earlier purchases then sell the surplus later..
I might be wrong but shorts are under 6%, an observation I've seen is be real worried when they are at 10 plus. Maybe some solace in that... But of course more than one reason for high percent shorted.
The company’s rights issue is underwritten by HSBC, JPMorgan Cazenove and Standard Bank. The rights issue proposal for almost 27bn new shares implies a discount of 24.5 per cent to the theoretical ex-rights price of an existing share.
anyways this is not Lonmin and may end up better or worse for shareholders....
ref the lonmin comment comparison , data is scarce but after the 1p rights issue, it may have been a multibagger for those that took it up.... following teh one for one share with Sibanye -- it appears to have been quite profitable indeed.... not sure i could put more money in sirius,
wd-40 if we get a rns between 7 and 8 it will be 7am not 730, no one releases rns at 730, sorry if being pedantic (not sure if that is the right word) but ive read this 730 rns from others and it just doesnt happen... 7!!!
Oversold, initial price target 215p28 Oct 2019 21:16
was just looking at the numbers this evening, we all know (or many of us) this is well oversold, cash flow generation is still good, ok the dividend may not be fully covered from free cash flow but the decline in SP is ovedone. If broker forcasts of -25% for next years accounts are true, we should be at around £2.15 not 169p, therefore even it the accounts are as bad as forecast, we could see the SP increase to £2.15 if they are better than forecast -- we could see further upside, I can see a modest dividend cut, but not much more than that...... A buy by my rating and i probably will A fantastic FCF yield at this price and if political uncertainty resolved a great opportunity...
Can you imagine if capital is raised at the equivalent of 10p a share... Can live in hope, My sirius investment is near irrelevant to my financial situation now, I've written it off, but kept it as I still believe in the project. Gla