Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Indeed, nice RNS, just goes to show and support how the mm's have a habit of reporting the large buys as sells, let the buyback continue and propel the share price to reflect the underlying value of the business which is substantially higher.
Well Amati need to get rid of their remaining holding by the looks of things, AIM mkt has been disastrous.As I said there were very few large sells since Amati announced they had just over 6 million left a few days ago, they need to go
On 8 March Amati held 6.4 million shares, so looking at the trades since then there has been only a few large sells - could it be PI/another large shareholder offloading. Still believe Amati have a large holding as only been a few days since they crossed the threshold. I wonder why they are desperate to sell up?
Corrected version, apologies:
What we are witnessing is the start of a rerate, market has to wake up at some time and we can see why management have instigated a £25m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that the current mkt cap barely reflects cash and ignores the underlying business value here, including the rapid growth in Flexipay and the impending sale of US business in pipeline
What we are witnessing is the start of a rerate, market has to wake up at some time and who can see why management have instigated a £30m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that mkt cap barely reflects cash and ignores the business value here, including the rapid growth in Flexipay and sale of US business in pipeline
Good points there SC, just wait till the buy back kicks in as no rns as of yet and so i expect a strong rerate from current levels as its clearly undervalued imo as trading below cash, so business in for free. Just look at the growth in Flexipay, its going from strength to strength.
It's certainly game changing news and now the fun begins as the very low current valuation will get uprated imv over the coming days, this is great news and a big pat on the back for management