focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London, the very definition of a gamble is a calculated risk. Every investment is a risk/gamble regardless of how much you research.
I'd imagine that after all these months they won't be routinely working over the weekend but if they were hitting a vital stage or getting close to the end then they certainly might work a weekend.
However if a deal was signed off at the weekend I wouldn't expect an RNS until 7am Monday morning which is why I am always most disappointed every Monday when I wake up with no notifications on my phone.
My current portfolio consists of EUA plus....
SYME
7Digital
Midatech
BAE Systems
Tesco
Greatland Gold
Amazon
Ferguson
Vodafone
Polymetal
Admiral Insurance
Plus a few others that I can't remember off the top of my head
As of 1st Feb I was up on 13 and down on 6 but up overall
I'm sure all of us at some point have had a guess at what the Final Sale Price will be when it's announced. Pretty much every time I've seen this done is has been done in terms of a share price rather than a total company value but that's not how the deal will be agreed. The terms of the deal will agree a total company value then the price per share will be worked out from there. So here's a little conversion table just for kicks.
Current Share Price (6th Feb) 27.9p
Current MCap Value £770m
MCap Vs SP
£1,000m - 36p
£1,500m - 54p
£2,000m - 72p
£2,500m - 91p
£3,000m - 109p
£4,000m - 145p
£5,000m - 181p
£6,000m - 217p
£7,000m - 254p
£8,000m - 290p
£10,000m - 362p
£12,000m - 435p
So when you're pulling together your FSP SP prediction just have a think about how huge those company valuations are. It's very easy to think a jump from the current SP of 27.9p up to 150p is only 122p per share but when you look at the reality of the total value, that's a jump of £2,230,000,000 which is a lot of money in anyone's world.
My initial guess at the FSP was 152p which gives an MCap of about £4.2Bn but that's not through any science, it just gives me a nice round £25k return on my investment. Obviously I'd love to see a full buy out at £10Bn.
I'm the opposite. The longer this has gone on the more I think it's likely to be nearer £1 than anything over.
It confirmed 7Digital is still a customer of a company that doesn't pay its bills. Hopefully 7Digital have been paid everything they've been due.
I haven't seen an actual announcement from UMG but apparently they have pulled their music catalogue from Triller on the grounds that Triller haven't been paying the artists in accordance with the terms of the UMG agreement.
This is either good news because 7Digital can fill the gap or bad news if Triller aren't sticking to the terms of the 7Digital agreement either. At this stage, we don't know.
Sturfc did you not manage to get an appointment with your shrink this week? Maybe get some sleep and get out the right side of the bed tomorrow.
You have absolutely no clue what I've read and what I've understood. You're typical of the antagonistic idiots that take these boards too seriously. You look for a negative spin on everything.
Good night x
Sturfc, I understand today's RNS perfectly but I'm sure you're smart enough to see it's been deliberately written in a way to say as little as possible. They could have easily written a 500 word RNS about the real reason that RNS was issued but they didn't. There is more they're not saying. Hopefully they're not saying it because they don't want to rock the boat, hopefully the next RNS we read will not only rock the boat, it'll make us rich enough to buy us all a yacht.
That was a very loooooong RNS to bring him onboard yet today's RNS was pretty much 'yeah he's gone now'.
I'm still a bit suspicious there's something we don't know.
Probably the shortest RNS I've ever seen. They must have had a teenager write it with minimal effort. No explanation or elaboration, just 1 simple sentence. Hopefully still see a positive reaction and a return to 30p tomorrow.
If there is any logic behind the sale other than him jumping ship then there needs to be a very quick RNS from the company to explain exactly what has happened. You can't have a 50% drop with no explanation
So all those that have been 100% confident of a sale concluding with a huge premium over the current SP, are we seeing the biggest deramper/bed wetter/green box type of all today. How dare he.
Surely an advisor to the board would know exactly what the latest situation is with the sale of the company so any sale of shares must be based on insider information. If he knows the sale is progressing, why would he sell now? If he knows a sale is falling through, how would he be allowed to sell now?
Or, is he not close enough to know anything?
It's possible they've also gone in to suspension because they've run out of tea bags in the brew room and they didn't want to miss anything while they popped out to get some more. Hopefully normal services will be resumed soon and more tea shall be drank.
Today's RNS is merely a stepping stone that gets us closer to the FSP being announced. I don't know enough about the process to know if there are any other stepping stones still to go but knowing we're one step closer today is good enough for me.
Can't be too much longer now.
"that's all I'm saying"..... I wish it was but I'm sure you'll be back tomorrow with more cut & paste crap that won't change the price of fish (or an Russian mines).
Any predictions over £2 are wishful thinking. Anything over £3 is ridiculous fantasyland. £12.75 is just deliberately trying to wind people up.
Unfortunately wishful thinking won't make it happen. It'll come when it comes.
For me today's RNS has told me 2 things
1) With multiple bidders, if they do choose to go for a full sale of the company it will be at a decent price so I have more confidence in it being at least 150p.
2) We shouldn't expect the sale to be completed any time soon. I expect it will take at least another few weeks if not a few months.
Frustrating but we just need to continue to wait and hold.