Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Stevemc's post contained some explosive allegations. Has he or anyone brought the proveable facts to the attention of the Authorities??
The dividend level is excellent and not to be sniffed at, although I would like to see some significant capital appreciation.
We (UK) are selling gas to Ireland, This can be curtailed which will provide stimulus to the Irish Government to get on with extraction from their waters!!
Got to be good news for us ( Deltic) and should give further impetus to the SP!!
Interesting Ralph Findlay moved to Vistry a Property company.
Biker unlikely data regarding number of profitable Pubs and consequently un-profitable ones, will be easy to find.
I do find it illuminating to see a Chair who has overseen the gradual demise in the company's fortunes. One would have expected him to exit when the company was on a high. Maybe the continued head-winds the whole Hospitality sector faces has made the Chairman realise we are not as well placed as better funded operators. British Land have oodles of cash.
Product with an excellent future.
PROBLEM
Management Credibilty
Family Control suffering from Tunnel Vision!!
SOLUTION
Poddars stand aside and allow more skilled and experienced Managers to take Control
That would be fine except Carlsberg ( remember they are in charge) brew on an industrial scale. That is one of the reasons why such an excellent brewery at Wychwood is being closed. Smaller breweries have yeast strains without their production facilty that gives a beer/ale it's unique taste and aroma.
Real ales are mostly brewed by pubs that have their own micro-brewery.
Jargonpain, please explain the relevance of the post to Marstons?
I stand to be corrected, but the Tax will impact on any company involved in the NS.
Will be worse under Labour
Aim... your summation is pretty spot on. In essence too much being spent on salaries and not enough hunger for success.
WH is a nice chap, but does he have the hunger required to drive the company forward and provide long suffering shareholders the added value required?
DP in general that is correct. Companyies will have resolutions agreed that allow fund raises within an approved criteria. However here and whilst still Cluff Natural Rseources, a raise was anounced subject to a post GM approval. The approval was a foregone conclusion as the major holders who were the subscribers. held the majority vote.
I am not against a fund raise providing it is done in a fair and transparent way. The raise I refered, was not transparent.
There may well be some relief for the Hospitality sector, however the Welsh Government has other ideas with the introduction of an average levy on all Pubs in Wales ( £6000.00 pa)
As I understand, the options are free gratis providing certain targets are achieved. More to the point is this an insult to those long suffering shareholders who lost dividend some time ago. Would it not be appropriate for options to be granted in alignment with the restitution of dividends?
Views please
See someone has not done their homework,thinking we are still called Cluff Natural Resources. Oh dear!
DP getting your fair share may not be so easy. The raise before last was announced after the Bell (4.45pm) and closed at 8.00am the following morning. I fortueately picked up the late RNS and immediately called my broker who informed me the offer was not open to Ordinary PI's and yet the 2 major holders subscribed and got large chunks of the offer.
GLA
The company had 4 months to prepare and publish accounts. Late filing led to suspension. Hardly a joking matter especially as stated funding is hard to achieve. With that black mark, Banks would be nervious and impose high ticket value on any loan.
Is it bad luck or sheer incompetence to lose a Joint Broker and then a Director resigns?
Maybe it is all monopoly money and the remaining Directors do'nt really care. They know the plan and are possibly laughing all the way to the Bank!!!
Fair point on equity raises. However unless an Investor, corporate or otherwise, has background information, would they be happy to see their investment almost halved in just over a month? Food for thought!!
Come on Tesla man, you are a Trader as your post confirms.
Good luck, even penny shares can come unstuck especially in this market.
Hang on "" the decline of the share price but poor governance is not one of them imho""
That is complete nonsense. Who was responsible for the share suspension last July when Accounts had not been signed off within the required timescale?
Shishir assured Shareholders and the Market, last October funding was OK , then in January £1m bookbuild is organised.
As a result ! Broker resigned immediately, which indicates they were not consulted.
Against this background, Poor Governance is clearly a significant issue.
Without viewing the Shareholder Agreement, it would take just a simple majority to force the Company going private. The Poddars and "Friends" could pay out ordinary PI's what they considered a "fair" price. There would be no requirement to offer existing PI's shares in the Private Company.
Have seen it before and been caught. An experience I would not wish on anyone.
A Company I am thinking of, some 10 years ago, SWP Group. Directors in concert with one another forced PI's Out then after getting delisted announced the sale of an asset the BOD had kept quiet about, for several million.
PI's were screwed then. Hope the same is not happening here.