Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Developing the business nicely? You might have asked (in fact I would have expected you to ask) Mr Healy for his thoughts on shareholders who have held this share for the best part of a year and who are now nursing thumping captal losses of over 40%. This of course in the time "your words" in which the business is developing nicely. Painful to say this least. If this is the result of developing the business nicely, I'm not so sure as I want to be around for any rocky times.
Here's one of fantastic Tom's share tips from a few months back. Quote "As such my seventh tip is one you may deem cautious but I see 35% capital upside in it plus dividends and very limited downside. I refer to Stanley Gibbons (SGI), a buy at a 290p offer and at up to 300p with a target of 400p. " So what's this tip of buy at 290p now worth. 10p. Thats right, 10p. Read his b*llocks here. Try not to laugh too much. Very limited downside my a*se. http://www.*************.com/views/9851/tom-winnifrith-s-seventh-share-tip-of-the-year-2015-buy-stanley-gibbons
It's the madness of crowds. A few rush for the exits, then it's a stampede. If there was a genuine reason you'd understand it but like you say biochelm this has fallen big on no news whatsoever. It would be nice if the company put out a statement to calm these people down..
How unobservant of me. Just spotted over 12 million of yesterday's shares sold by the directors. Being released for institutional investors maybe? Must be more than co-incidence that they all sell on the same day.
Thanks for the reply pmpm. First of all the trades were closer to the bid than asking price. If we take your argument that these are buys not sells my first reaction would be 'Why hasn't the share price risen significantly?'. After all we are talking 17.27% of the shares in issue. Thinking deeper, using logic, I realise that for every buyer there has to be a seller. If there are no sellers then unless the MMs have a (I think the parlance is) overhang of shares then no trade can take place. Would the MMS really be sitting on such a volume (17.27%)? Hey they might, just seems a really high figure for a company that's doing well in the market. Yes I've been reading the share chat of a few companies on this board and seen the 'MMs are manipulating the SP lines'. Personally I don't buy it and agree with you in the main, 'paranoia'. It's not to say that it doesn't happen occasionally though. Or are the cynics right and us wrong? I honestly really don't know. Suppose it might depend on how many MMs there are for each company. Manipulation would imply collusion.The more MMs that deal in a company's share the less likelihood you would think.
First ever post on here and I'll freely admit, I'm a novice when it comes to share dealing. Yesterday I observed something that puzzled me. There was 48,288,949 shares sold and 284,000 shares bought. 48 million wow that is some figure! Delving further I saw that 47,925,449 of the shares were sold in 11 trades between 13.04 and 13.27. That's 17.27% of the MC of the company. All these shares sold but the share price didn't budge at all. All the sells were at 20p except for the last 2 which were at 19.96 and 20.06 respectively. How can such big sells, a staggering 17.27% of MC, result in no drop in the share price? Like I said I'm a novice, so am I missing something here? Is something brewing?