Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Personally, I am absolutely fine for them to do neither divis nor buybacks. The money should be saved to support delivery of Kouroussa to first gold in as good as possible financial health- you never know what can happen in terms of cost overruns or difficulty in securing debt financing. First gold from Kouroussa would be a natural milestone to start thinking about divis/buybacks again.
The Kouroussa deal looks excellent. Does anyone know if the project already underwent a definitive feasability study? It's not clear from the RNS at which appraisal stage the project. First gold production in two years sounds would imply an advanced stage.
I've also sold a large part of my shares in this one now. A few years back this company looked like one of UK's best performing car dealerships with steady revenue and profit growth since the financial crisis. Turns out to be basket case though with mismanagement on too many fronts. Lookrs could have a lot of value left but hard to call presently...
I was trying to find at which fraction of shareholder votes is required to approave full takeover of the company which effectively forces all shareholders to sell their holding. Is this is a simple majority (>50%) or a higher fraction in Amigo's case? Reading the between the lines of some posts here it would appear that Richmond Group with their 60% stake can force a full takeover... is that correct?
I was very tempted to buy in here prior to the resource update but afterwards lost confidence in the company.
How is it possible that measured reserves that should be a conservative estimate dropped so much? What else is lurking in the woods? The fundamentals still look good but without restored confidence in quality of the company not a buy for me.
Results below expectation, outlook does not impress and indicated reduction in dividends... won't bode well for the share price today.
I actually invested in both L&G and Aviva a few weeks back. Both have pros and cons as you guys describe. For me, both came in at similar quality with Aviva having significantly lower NAV whilst L&G has the the better track record and growth prospects. Both have good PE ratios, solid financial health and juicy divis.
BMR has been mismanaged (or run into the ground as many would say) by CEO Borrelli and there is a concern of alignment of interest between CEO and shareholders. BMR Watch has been founded to get PI's voices heard and to safeguard some shareholder value of BMR's stake in Kabwe. Fingers crossed Jubilee seems to do a decent job on developing Kabwe. Also 15% share price drop is nothing on AIM :)
He was on the helm when Superdry's share price dropped from 15 to 5. I was glad when he was replaced there. To be fair, he probably performed better in previous roles but let's say I'm not excited about him taking lead inone of my other holdings...
Don’t become victim of pump & dump lovely people :)
The alternative to a sale is to appoint a new CEO who properly communicates with investors and is able to realize at least some of the promises made..,
Sadly, seems like Peter Cox' Last Symphony
Game's management is eating out of Big Mike's hand. And they better do to keep their jobs safe. Still the offer is 10% below net cash and cash generated from operations was £7mm last year . No vote from me on this deal...
Is it the eagerly awaited magic bunny or the last straw?
Personally, I am more concerned about the impact on future sales than the FCA fine. The recently reported strong performance in Aftersales like for like gross profit growth vs. competitors like Pendragon makes you wonder how much of this has been due to sales practices that are now being scrutinized...
Just wait until the next RI is imminent and he pulls another bunny out of the hat :D
Do you guys know how the royalty is calculated? Is it 2% of the revenue or profits generated?
Or it is still around over the next 30 years... A large part of the issues here seem company specific. Lookers latest results looked much better.