Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Read - can’t place link - one of the activist investors wanted Ken Hanna out. In that piece also said THG would benefit from drop in gas as hedged higher - maybe that’s why Kirk Davies is out? Hoping we get some strategy update with trading update. And guess in September it will be easier to do sum of the parts valuation with interim results streamed by unit : so at least that can be clearly seen by market
Fingers crossed Morbox. Hoping they’re good too. And that sentiment on future doesn’t cloud them. I would expect Brunning & Price to be smashing it. Also, and I have no data / justification - I sense those who might visit B&P / Waga / concessions at Airport are in a not so bad financial place - words a bit messy here - what I mean is they may not be as challenged by all that’s going on - meaning their custom is more sticky. On ‘high street’ / mall there isn’t much comp.
Previous trading update shared first 4 months of year went well. So this next one adds May and June. Given weather and plethora of bank holidays i have fingers crossed for some positive results. 9 days to go.
Made a small top up today. My minds eye rationale is results are good = SP uplift. Results good (and headwinds) = SP static small uplift. Results bad = maybe SP static - why? Because it makes activist investor action / buyout more likely. In my minds eye May bank holidays + better footfall in airports must have made a +ve difference. Fingers crossed
Sorry - completely missed it. I tend to go straight to reports… silly me - and thank you.
At Odsal, please where did you find / estimate that date from? In my head next update would be September (interim results).
Thanks for the short squeeze message manifesto. And reading all the rest today. The ‘action’ for me is - sit tight and wait. Maybe pop to Iceland for an ice-cream, otherwise wait. Looking forward to Sept results (fingers crossed in line with guidance) or a surprise before. Interesting 9 weeks ahead of us
At manifesto… I’m not well versed in shorting (understand principle, clueless on its skilful practice). What is suggesting there is a short squeeze in play or pending please? Is it simply low volumes : I note average vol. is circa 10M / day and last wk Vol was incredibly low (albeit strange with 4th July) and wide spread. If shorts were trying to close quickly then in my head SP would lift to allow them too. Separately I’m guessing most shorts are in significant profit given SP performance over last 2yrs and logically if it’s sensible to close a position, then close it : but subjectively there may not be the same urgency to do so. My view is shorts aren’t really wobbling the SP : it’s more up in the air due to past performance and missed guidance : if that changes then confidence may come back very quickly with rise in SP. Of course I’d love an out of the blue banging offer (400p+) from sovereign wealth fund or similar
Yes I agree Spades. It’s more that I expect they’re probably primed to make an offer but will only do so once they have a bit more confidence in RTN and/or clarity in everything else that’s going on. So it leads me to think post Sept interim results. Running against that very argument, August would be a good time to launch a bid - whilst comp are off on hols etc.
If QIA buy MU I can see them also buying THG - I know there’s absolutely no business link or logic. But all these sovereign wealth funds are trying to demonstrate there ability to help with regeneration, foster business etc. THG and MU as QIA assets makes some sense