The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Cheers Bakky, bid got stronger in the afternoon. Could get sell quotes for 600k at 3.85p with no issues.
We need an update on the tender offer and buyback.
I added 200k at 4p today, not showing.
Does anyone happen to have TF's contact details? I don't wish to go through useless Belvedere.
Bakky, this along with TON were the only reds on my watchlist today :(
Surprised we haven't heard from Farrow yet.
Bakky, is Toby half Chinese?
Can sell at 4.3p and buy at 4.27p.
With a new reduced avg around current share price, I would happily take 6p (which i believe tp be well off valuation).
Makes you wonder whether that's one of the motives behind thrashing the share price.
I reckon quite a few of the long term hokders may need to average down to fully benefit from sale of the business.
The fact that only a temp CEO has been appointed could be interpreted as a short term sale of business. Appointment of permanent CEO implies we need to waut a tad bit longer.
Well, some claim "relentless, continued Selling" lol
YHAL, not very often do we see eye to eye but I agree with you in this instance.
YHAL, market would have to have been notified of interest before formal due diligence starts. That is the normal route but MMX does not seem to follow normal routes these days.
BB,
"reinstate the maiden dividend"
Wondering whether reinstate is the right word. All the money ended up in others' pockets, PIs are yet to receive any money from business :)
Guess what, MMX wasting shareholder money on incompetent PR personnel. Doubt they even know the diffetence between tender offer and buyback.
Belvedere deserve to be kicked out.
Try John West - bet no direct reply.
During all this, noone has a clue whether buyback is still active. Sort it out, Elliot. Don't be a Toby.
It's more to do with SJL alluding that he still wants the 2018 dealings looked into. MMX has not stated anything regarding this. So, yes maybe MMX has already looked into it and satisfied themselves that all is well. However, if that were the case, SJL should technically start buying. Why is he not buying yet...
Bakky, unless the minion decides to investigate the 2018 dealings which would lead to another gap down and hey ho, SJL could buy even cheaper...
KK, SJL's determination to expand the investigation to the 2018 misdeeds does not bode well for shareholders in the short term.
No wonder shareholders have been burnt after all that cooking.
Those £3million would represent a "one off yield" of around 7.5% at current levels.
Reckon cancel buyback and tender with return of cash taki g the form of dividends.
Bakky, i read those further announcements as to details on how they intend to return excess capital to shareholders.
I reckon the fact that SJL has not bought yet means there is more to come. Probably going to buy once the minion has scrutinised all past and currents transactions.