Member Info for Freedom4Uall

Form 86

It took 18 months for our tax man to stamp and return my swiss withholding tax forms to me and after i posted it to Switzerland it only took them a few weeks to pay out, what a difference. Patience finally paid off .

Any expectations as to the FY dividend?

77.60 Friday prediction

Thankyou Dave

Any explanation for the current sp, i understand they have an undrawn credit facility of over 60m some of which i expect to be utilised. Low diamond prices and high cost means Gem is currently unprofitable, unsure of when the diamond market will recover so Gem should focus on lowering costs.

Net asset Value, anyone know what the net asset value is of the business sold and what are the total assets of the business sold, and can anyone break down those assets like how much intangibles etc?

Its a fair point but the business is not viable if around 100m per year becomes trapped in Nigeria. When the business makes around 50m profit as long as they can't get their money out of Nigeria it doesn't matter what they make in Nigeria because it stays there. Even if they spent it all in Nigeria on assets that yield whatever is yielded stays in Nigeria , Whilst debt is amassed outside of Nigeria that cannot be paid.

256m cash CE, 204m stuck in Nigeria ( was 113m FY 22),

204 m now worth 123m due to Nira devaluation. Its still unknown if the policy change will allow withdrawal of money from Nigeria, if policy change does allow withdrawal, we will see no further accumulation of money in Nigeria and Cussons will withdraw all money stuck in Nigeria, if not Cussons is in major trouble, its solution of band aid borrowing is not viable multi year .

I think sub 100p is certain potentially sub 70p

How much has Tharisa spent on Karo so far in monetary terms, has this extension on commission allowed the group to hold onto a significant amount of cash that would otherwise be spent on Karo? If so i think it's a good tactical decision. Is the decrease in net cash due to Karo spend, now commission is extended what are we to see spent on Karo in FY24 ? What is the breakeven basket pgm price for Tharisa as current basket price is 1 331?

Why has Citigroup gone from 11.5 to 23.22 holdings?

Al4x are you using the app through a phone you need to go on a computer/ laptop to fully see the 197 shares available, it did state not available on the app.

Thankyou Poleaxe

Can the rights issue fail, am i correct in the interpretation that it cannot and any rights not taken by anyone will be taken by the underwriters, so in essence Synthomer has already successfully raised the 276m.

Thanks Mike

Linzit your broker should contact you with information on how to proceed on the 28/9, look out for messages.

Poleaxe that was sent to me by my broker so it should be accurate.

Here's a bit of help for everyone,

Taking up your rights – if you decide to take up your rights you will be investing more money in the company in return for more shares in the business. This is also known as exercising your rights.

Selling your rights – because rights can be separated from the existing shares you can choose to sell them to another investor. The buyer can then buy the shares you had originally been allocated at the discounted price. Rights trade separately on the stock market, but are generally valued at close to the difference between the current share price and the discounted sale price.

Do nothing – in this case you let your rights expire without taking them up or selling them. In some cases the rights issue might have been underwritten by a bank (which buys any shares that go unbought by shareholders) in which case the underwriter might buy the rights off you. Otherwise the rights will lapse and become worthless.

It said shareholders at the end of 25/09/ will receive 1 new share in place of every 20 previously held. The rights issue is expected to open on 28/09 with shareholders able to buy 6 new shares at 197p before 10 October.

The underwriters will buy them