Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Schoolboy error mixing £ and $ but that equates to just over $39m leaving the remaining 3m to cover the 5%.
You will always have your original holding as you’ve only waived the right to the divi for so many shares nothing more.
Axe.
Got me looking at what monies are actually up for grabs.
There’s a lot of talk about the £42m pot but I don’t think it’s been mentioned before is the total dividend to be allocated for 47m shares at 68p is £31,960,000, that’s what would be spent in total on repurchasing shares with a 100% take up of the offer, not £42m. The company will return monies from sold shares +5%, I can’t see this costing the company more than £2m which would leave a surplus of maybe £8m
Wednesday.
My example was a scenario of how the offer works nothing more, how many take up the offer is unknown, though I think you can pretty much guarantee that the take up won’t be 100%, I would hazard a guess at maybe 10%.
You seem to forget there are 47m shares in issue and a 100% take up of the offer would for arguments sake take 4m off the market, plenty of shares to buy.
If you read my previous post clearly you will see that I can’t provide an answer regarding the 5%, only the company knows how it’s to be accounted for.
I did have a think about the 5.00% but can’t think of an easy answer , maybe a reduction of fees from the broker carrying out the transactions or something similar
Simple example of how this is going to work.
You own 1000 shares and tender them all.
You give up the right to £680 at 68p/ share.
The company will then purchase 68 shares on the open market to the value of £680 at say £10.
Following the sale of the shares the company will pay you £10 + 5% giving a return of £714 and the 68 shares will be cancelled.
The important thing is that after the tender is complete you still own the original 1000 shares.
That’s my take on it.
The allocation for the current share buyback programme is £97m , looking at the first buyback up until Nov there were 17m ish shares bought back , at est average price of 80p, £13.6 m, I cant be bothered to dig deeper but on the low side I reckon at least £50m left over
Go and find yourself a nice Palestinian board to post on
By then we will know whether the board are going to raise the divi.
Works both ways
Broomtree.
I get live price from link below
https://uk.finance.yahoo.com/quote/DEC/
Broomtree , I’ve just looked and it’s down 6.4%, what site are you getting it from
You muppet , you killed the HE1 bb with constant ramping, rumour has you’ve been banned, no surprise there. I was surprised you turned up on a ftse 250 company, did you get your first pair of long trousers and get promoted from AIM
1% , are you sure?
Why pick on this particular poster ? Everyone posting on this board is a moron. Why single him out in particular ?
Everyone including yourself then🤔….😂😂
Give it a rest, we all have the capabilty of seeing what the price is without you constantly letting us all know, HE1 all over again.
Correction - 1-2 %
A more realistic figure would be 500k -1m shares purchased under the tender option ,0.5 -2.00 ish . If it successful in the eyes of the company ,this will be repeated. The added bonus is that they wouldn’t need a share buyback programme, moneys can be spent elsewhere
Read the circular, there is a line about contacting crest
I don’t think you’ll hear from HL, forms are being posted for the tender offer or you can download from the website. Maybe contact HL and ask
The forecast income won’t change with lower gas prices, cash flow should still be the same.
Now if they could buy at the lower price and sell at the hedged price then cash flow would fly up
No it doesn’t but it might stop you whinging about ftse , considering you are not a uk resident.