Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In the absence of ‘news’ we build our own news. And when news does come from THG it is so often dog ate my homework or equivalent. I very much hope there is work under the bonnet. It may also be the case that MM is simply making it look like work is ongoing when in fact nothing is. Removal of golden share can’t come quick enough. And I would suggest a post-start-up CEO. Sorry for being a Cassandra but we have been here - or near here - before. In fact I can’t remember a time since SoftBank deal where MM has actually pulled it out of the bag… it’s been a bit car crash since.
Yes, but remember the results on that Tuesday were awful : with no warning. Very poor by the management team. Hoping that is in the past and the next set are better and that management practices have improved. Had the Apollo offer not been RNS’d the day before I wonder where SP would be post results. Amongst all I’ve just written it’s clear as day there is potential - what’s unclear is how it will be realised and whether, in fact, existing team and structure can. Hopefully an update at AGM : tho it may simply be the formalities.
Looks like Oasis had 14.65% voting rights from Thur RNS .. so from SkyNews etc if Odey sold 2% Oasis at 16.65%. i.e. a stonking one-sixth of the entire business. Surely that gets a seat on the Board?
Thank you Goodtimes for your post.
On (3) beauty I also have concerns, others appear to have done much better over Q4 last year and warpaint etc recently have performed well. Beauty is something I would sell to comp (at right price) in return for comp employing ingenuity -&- then double down on nutrition which is well set for societal trends. It’s worth posing the Q is THG too big / wide to reach escape velocity in any one part -or- does the breadth create support for each part. Bravo for creating it MM and team… but what next now it exists. Ships were not built for port.
Hi. Spades I don’t know if an RNS is required for oasis already over threshold and declared. Anyone with more knowledge able to advise?
Ave Vol 2.64M : todays volume 17.66M - huge. Did SP hold up well? Or given nature of transactions would it not move much. If Oasis did buy it all they have a massive holding now.
That on 55% supported Directors Renumeration Report . So close to a defeat.
Sorry Davde don’t know about Oasis. Separately, do we think it’s Sept for next trading update - on a scheduled basis? Guessing Aug will be dead on corporate front (hopefully busy busy at airport concessions).
If so it’s subtle. Expecting a strategy update in next 6 months : no press etc to suggest such - more it’s the obvious response to investor concerns.
At Portstanley - may you share the sentiment on the ground at the mo? Would welcome your sense as whether it’s felt sealion (Falkland oil generally) remains a long shot on periphery of discourse, whether is more
mainstream -or- if there’s simply ambivalence to it all.
Hoping the Brunning & Price pubs are taking good custom with weather.
Anacott : let’s wait till results - they’ve forward guided us with rose tinted glasses in the past and then dropped a shocker. I hope with some new personnel in recently this is in the past and we can place weight on RNS’s