Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Arggghhh ....NOW I have to buy back in.... wait .... are you sure Chelseaman ....
Eagles were my NFL team back in the day when Channel 4 brought "football" (hahaha) to the UK...
"I had a dream...." wait that's another story....
I'm out out but hooked on the drama and wishing all you holders the best x
@johny ... The bulk was invested in the short time the SP hit 16s ....Jan 19 - Jan 29.... That was before any of these shannanigans....
My guess is brokers (not this one of course) leaked this kinda news as they know when they would cross the 1%.... in theory ... and my opinion.... and anything else that covers me ;-)
They committed at 16.6 p .... and since then have simply topped up ....
It's a great learning though.... and will affect my plays going forward !
At 400k/ 16.6p they look to multibag from there.... each top up has increased their avg SP... and in doing so increased the risk to reward.... Hmmmm... the more I think about this the more I think it is someone emotionally committed. As the aritcle points out i's dotted and t's crossed... no voting or interested parties.... I guess they are biting fingernails too ;-)
Avg SP 33p .....400k at avg 16.6p .... the size of the buys...
My guess is someone managing their portfolio is looking to gain like everyone else here... no more no less....
The speed of that article from the RNS though ..... Hmmmm ....
But I deffo ain't alluding to anyone being involved with insider trading !!!!
Jusanothernoob (autocorrect made me smile … just another boob 🤣)… I’m not sure what I need to be subtle about.
My position is I agree with a lot of the posts. JD is critical to future success. We all agree that store closures and cost cutting are the way forward. I am hoping like others for a offer from JD. I am trying to be objective and analyse how JD can proceed. This is the only difference because I vocalise that CVA is a option that is open to him and the BoD and because I don’t see it as the end of SD either.
https://www.businessrescueexpert.co.uk/why-a-cva-has-spelled-success-for-these-brands/
GLA
Great post saintnuck 👍
However what made JD make the jump?
He has been CEO long enough to change the course of the business already. On the back of the results the SP fell to 15p. At that point the business was not so viable and becomes vulnerable. It was only JD going public that bounced the SP back.
There could be an argument that he has always had an eye on taking it back and this is the end of that journey driving the sp down to realise his plan …. But that is all mad conspiracy theory and obv conflict of interest.
I still think BoD at 15p where going to make the CVA call and in particular the CFO.
So this is JDs shot to avoid that … but at what price ?
We will know v v soon
👍
Arrrghhh .... don't ...Avocado are in my bag !!!!
butttt.... they are looong term hold to (hopefully) 8s ....
but it still hurts to see.... hmmm maybe avg down ... wait ... what BB am I on hahahahah
Thanks deepvalue that’s a great post.
I’ve been saying , because of my DYOR, that part of one of those models is in a CVA they can walk away from leases at nil costs. This is based on 75% acceptance from creditors … and this is based on Dr Google.
If I’m wrong that’s a major flaw in my analysis and will influence my decision to get back in.
Do you you have an opinion on this
Ta
Scotty
I think the valuation is going to be on “potential” otherwise known as goodwill on the basis of the sale of ip in other territories and the existing restructure plan coming good. It’s JDs plan so he can’t dis it while saying to backers he’s gonna give them a ROI.
I think he has to offer £2 on the basis that’s he’s going to take it back to £4+ or better (maybe as a private company and then realist ) but it’s gotta be good enough for his backers.
Orrrr … I think it’s more likely CVA instantly cutting costs by ditching non profitable stores and staff…. Removing SLT management at no costs … restructured board with people who have backed him (JH as COO for example)
I hope for LTHs here it’s £2 but I fear it’s no offer and CVA
Do you think this is boll&@ks ?
Why am I asking? Because I might chuck a couple of k back in if it dips to low 30s
FOMO 🤣 even if I only end up with worthless certificates 🤣
Ta
SM… and all… I’m just expressing views that can be countered ….
I’ve been thinking board and I’m particular CFO ( who would have been driving the cost cutting) started to drift towards CVA post jan results. JD was adamant against as stated and said he would put up or shut up. CFO left as either way was untenable. JD had to go public in sprint to put up. As CEO he has to value his business at a premium if he has confidence in it… hence £2 plus bid…. Orrr no bid and prepack where he and remaining members of the board take it private over the next 5 years
All prob boll@&cks 🤣
But a good intellectual exercise 👍
The question isn’t why he is invested (although he has previously explained why) it is whether his views have any logical substance behind them.
They is no reason to attack a poster but certainly counter arguments with opposing logical views.
It’s been a great debate mostly this weekend with much less hate speech 👍
I have learnt a lot … in particular
Logic to justify a £1- £2 bid from JD
Logic to justify a 50p - £1 bid form JD
The majority of posts have been about how much the bid WILL be Bachussell has been the only one with logic about no bid.
I was going to post something but didn’t because I knew it would just bring abuse but I agree with two points here.
The bid CANNOT be low so £2 plus… this means it is expensive because of the logic for 50p
So more likely no bid … and then what…
Which is what is being pointed out.
Please disagree but don’t attack … there’s no reason for that kind of behaviour
👍🙏
Great input Rocks and Star... it's making me think a lot more ....hahahaha FOMO !!!!
I agree with both your analysis but I do think if there is an offer it has to be one offer over xxp which is recommended by the board. He's only gonna get one shot at this methinks.
Butt t I do still question how this came about and think they may be no offer... and therefore no more JD and all that entails.