Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Taking a bit longer than I thought but nearly there. Yesterday's rise made a peak on the right shoulder of the almost completed head and shoulders.
Don't get me wrong, I'm holding but waiting to add and £1.37 - £1.39 is my target.
Will also fill those two lower GAPS:-
https://invst.ly/-wevk
TDT - "Off-Book" in the LSE 'type' column is referring to the trade being on SEAQ and off the SETS book. Don't think this is the same as "off the book" trading which is done for non main exchanges listed shares, through companies such as Asset Match. Either way the point I was making is that every trade Direct or MM is a BUY and a SELL
TDT, My understanding is "off the book" trades aren't common and are either a private arrangement between two individuals or Market Makers resulting in an NT (negotiated trade) for example following a share auction. Most AMC trades (O) or (AT) are DMA via a broker like IG who place the DMA trade on your behalf and match your trade with someone on the other side. Non DMA stocks are only traded on the Market Makers book. You can easily spot DMA traded stock as on L2 they have bid and asks not associated with a Market Maker.
Exactly and the point I was trying to get Agneissearner to understand is : With DMA stocks for every seller there is a buyer, the MM's (who may temporarily hold stock) only get a look in when things move fast.
The visible L2 bid vs ask spread is deceptive as most of the DMA trades are not published in the order book, hence the actual prices being paid are within a much smaller spread where buyers are matched to sellers.
Why wouldn't Robbing leave it as long as possible to cash us out, his salary is worth far more than his holding?
His 6Mill holding will only get him circa £100k I can't speak for everyone but most of us will get more than him and all the board put together from the sale!
During the Year+ he's been firkling around with this deal he will have earnt over 3x this in wages. The first 'rumour' of a sale was January 22 then his first bodge attempt at a sale is just about a year ago.
Keep your gravy train a rollin Robbing and go forth and multiply all you long term shareholders, even the ones that have died along the way!
Ironically based on time actually spent on AMC, I reckon I've done much better out of AMC than Robbing by trading the shares rather than being the chairman, despite the ridiculous wage! The only sad part is it's been hardly worth trading AMC since the cash arrived, although there was a chance to grab more sub 1.68 yesterday.
Sell the lot now and you could walk away with a circa 27% profit (thanks only to KOD which has dangerously high RSI). Bung it all into IAG and forget about it until at least £2.60 (circa 80% further profit)
If KOD drops to where I suspect it will circa 0.35, you'll be minus again.
Both?!
I do have to laugh at all the so called experts and their targets - how on earth did they get £2.40? The clear first upside target is to break the long term downward channel at circa 1.67 (and falling daily) then the next target is the GAP at £2.61
That target of £2.40 is rally daft in my mind, yes it will get hit but only because of the gap close at £2.61
I bet the delay is because Robbing is still trying to work out how he can get a bigger chunk of that $35Mil out for himself in some way!
Once the cash is paid out his gravy train will be under much more scrutiny with any new venture.
The recent bounce closed the falling GAP (152) and now there are two rising GAPS to close.
Bottom one at 135.55, may not be there for long but it can be closed and the SP will still remain in the medium term rising channel:-
https://invst.ly/-pqfp
And 1/7th of last years turnover - really strange dynamics. They must be aiming to take this private, although if so why not buy more shares back at this SP?
Very Strange - I'm going to add some over the next few days.
Doesn't matter what it's classed as, declaring it or not is up to you!
As far as I'm concerned this will be no different to selling the shares. If that means you made a profit and it's over your CGT allowance then you pay tax on the profit.
This was discussed a lot months ago and the conclusion was that a 'return of capital' was exactly the same as selling the shares.
The DMA trades are slowly increasing the average bid/ask. And the delay in paying out the divi is causing a few impatient holders to sell. Won't be many left in this category and given there is a definite 1.8p coming at some point, the price will start to rise.
Still a chance to buy at sometimes as low as 1.7 but this will be gone soon. Those big buyers will need to offer more to keep buying.