The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Surely the vulnerable person will be housed by a housing association, maybe ultimately funded by council through housing beneifit. If a vulnerable person is housed they are unlikely to be evicted because of excessive rent. Also given there are questions over CSH overpaying for property then surely its a good thing they are not buying right now.
You never know the directors confronted with possible wrong doing maybe might pay for properties at market value which will increase future profits. and dilute the short attack on them.
I noted IC recommended buy at £2.80 back in June!
at 4% yield with 10% recovery more than easily achieved seems a good buy. Anyone know otherwise?
I am new to the world of public companies. Assume the directors are guilty of all allegations made against them (probable given lack of rebuttal), then what?
The company still exists with its properties even if directors are in jail, rent is still due. Can the company just soldier on? Can the board just be replaced with fit and proper people. Insights please.
thanks
i picked this up any relevance?
African Pioneer plc
….… the Botswana Projects are the subject of the Conditional Botswana Licence Sale Agreement described in the following paragraph.
The Botswana Projects have been acquired at an attractive purchase price of £350,000, as although unexplored, they are located in an highly prospective area for copper projects and it was the Company’s original intention to conduct an initial 18 month exploration work programme to assess the prospectively of the Botswanan Projects and assess the best way of developing them. However, whilst working on the Admission, the Company was approached by Sandfire Resources Limited, listed on the Australian Stock Exchange and capitalised at approximately A$1 billion (“Sandfire”), who have a large established presence in the Kalahari Copperbelt, with a proposal to acquire the Botswanan Projects.
The Company has seen this as an opportunity for Sandfire to take over ownership and responsibility for the exploration stage of the Botswanan assets whilst allowing the Group to share in the potential upside should the exploration ultimately be successful in establishing a mineable reserve. Accordingly, on 12 March 2021 the Company entered into a conditional licence sale agreement with Sandfire (the “Conditional Botswana Licence Sale Agreement”) under which the Company Art 7, 3 Art 7, 4 (a) Art 7, 5 Art 7, 6 (a) Art 7, 4 (b) C-00096729 C-00090868 C-00090845 4 guaranteed the sale to Sandfire following Admission of all the Botswanan Licences in return for a payment at completion of the Conditional Botswana Licence Sale Agreement of US$1,000,000 with US$500,000 in cash and US$500,000 by the issue of 107,271 Sandfire Shares (which will not be subject to any trading restrictions).
Sandfire has the in-country infrastructure and technical expertise and financial resources to accelerate the rate of expenditure on the Botswanan assets by agreeing to fund a minimum of US$1 million of expenditure (compared to the Group’s 18 month budget of US$176,000) and the proceeds from the sale to Sandfire will allow the Group to concentrate its increased financial resources and its management capabilities on its remaining two projects in Namibia and Zambia. In addition, as part of the relationship with Sandfire, they have agreed to come in as a cornerstone investor into the Company making a US$500,000 investment in the Company as described in the following paragraph. The Conditional Botswana Licence Sale Agreement is conditional inter alia on ministerial consent and applicable competition approval in Botswana. Upon these conditions precedent being met the Botswana licences will no longer form part of the Group. However, if the conditions precedent of the Conditional Botswana Licence Sale Agreement are not met by the long stop date of 30 September 2021 or such later date as agreed by the parties then the Botswana licences will remain part of the Group. Separately, Sandfire has subscribed
Hi guys. am new to mtr and considering investing. Seems sandfire is biggest asset so why should i invest here rather than directly in sandfire. they pay 5% dividend and current price is under recent raise. what advantage does mtr have over direct investment in mtr?
Can anybody outline what could happen in t a worst case scenario? What would be the worst case scenario? the directors in jail (presumably replaced) Rent would still be due and I can't see vulnerable people losing their homes. Rent withheld by local authorities? is that possible? Directors found to have siphoned off benefit for themselves. Would they be forced to repay?
The company still has rent paying tennants so what if share price drops. Comments appreciated
Do people still think the dividend will be paid as normal in November?
I must admit the concern over inflated NAV has put me off investing. How can we get a true valuation of NAV?
21.03%
QG Investments Africa Management Ltd. 46,957,303 $38.8m 0% no data
9.8%
Jarvis Securities plc, Asset Management Arm 21,889,849 $18.1m 19.79% 0.95%
8.69%
Lockwood Advisors, Inc. 19,406,221 $16.0m 29.49% 0.21%
4.06%
Paul Atherley 9,069,861 $7.5m 0% no data
2.27%
IG Group Holdings Plc, Asset Management Arm 5,060,040 $4.2m 1.04% 0.41%
1.93%
Mark Hohnen 4,318,693 $3.6m -0.4% no data
1.76%
HSBC Global Asset Management (UK) Limited 3,927,588 $3.2m -35.01% no data
1.12%
Starfin Pty. Ltd. 2,505,000 $2.1m 0% no data
1.08%
Neil Thacker MacLachlan 2,417,385 $2.0m 0% no data
0.71%
A J Bell Holdings Limited, Asset Management Arm 1,588,607 $1.3m 11.13% 0.02%
0.65%
Pineleaf Pty Ltd 1,444,206 $1.2m 0% no data
0.64%
Capital International Group 1,427,292 $1.2m 277.35% 0.96%
21.03%
QG Investments Africa Management Ltd. 46,957,303 $38.8m 0% no data
9.8%
Jarvis Securities plc, Asset Management Arm 21,889,849 $18.1m 19.79% 0.95%
8.69%
Lockwood Advisors, Inc. 19,406,221 $16.0m 29.49% 0.21%
4.06%
Paul Atherley 9,069,861 $7.5m 0% no data
2.27%
IG Group Holdings Plc, Asset Management Arm 5,060,040 $4.2m 1.04% 0.41%
1.93%
Mark Hohnen 4,318,693 $3.6m -0.4% no data
1.76%
HSBC Global Asset Management (UK) Limited 3,927,588 $3.2m -35.01% no data
1.12%
Starfin Pty. Ltd. 2,505,000 $2.1m 0% no data
1.08%
Neil Thacker MacLachlan 2,417,385 $2.0m 0% no data
0.71%
A J Bell Holdings Limited, Asset Management Arm 1,588,607 $1.3m 11.13% 0.02%
0.65%
Pineleaf Pty Ltd 1,444,206 $1.2m 0% no data
0.64%
Capital International Group 1,427,292 $1.2m 277.35% 0.96%
Not true. If you earn big salary directors investment is less than weeks pay. But supposedly gives off positive image to stop share price tanking. if company goes belly up then directors loose massive salary which is more than their investment. each month keep wolves at bay the better for them.
why is price going up?
Hi, I'm a new platform investor. Can anyone tell me why its better to buy shares on UK market and pay stamp duty and commission when if you buy ADR you pay no fees accept for platform currency profit.
thanks guys,
it seems strange they paid £21m for Modern Water last year and then put it on back burner. are they confident to be major player in pathogen detection given how competitive Covid market is. There is huge growth in desalination needs going forward especially with mining industry needing to go that route, and only one pure play company in that field in singapore.