Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
coverage from Midas may help
https://www.thisismoney.co.uk/money/investing/article-11588037/MIDAS-SHARE-TIPS-Revitalise-numbers-data-gurus-ships-scientists.html
touche
https://twitter.com/JMHDeakin/status/1608412257830207492
agreed GG....this should be a much better year but for me the TSG issue needs to be sorted. Reading this I think it is some time away:
'The acquisition requires the approval of the regulators in India under The Foreign Exchange Management Act ("FEMA") since it classifies TG as an Overseas Direct Investment ("ODI"); and
· It has now determined that the independent valuation report used to establish the share swap ratio is no longer valid and a new report will need to be undertaken in terms of FEMA requirements.
As such, the timing for obtaining regulatory approval and the consideration for the proposed acquisition continues to remain uncertain. Furthermore, TSG has advised the Company that it needs to explore alternative sources of capital to maintain its development.
In response, the Company is considering a number of alternative options to meet the objective of ensuring that TG is able to continue with its plans to develop a downstream and advanced materials business.
These options include:
· continued pursuit of regulatory approval for the Proposed Acquisition as its preferred option and in doing so, considering any revised valuation for TSG and changes to the terms of the Proposed Acquisition to reflect this;
· exploring the possible participation in alternative investment vehicles for investment in TSG as may be permissible with participation of TG shareholders; and
· exploring possible commercial arrangements with TSG.'
just dumped my holding of 75k at an eye-watering 72% loss...cash will be better used elsewhere as this co is going nowhere fast