Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Also agree with others when brokers say sell that’s when to buy especially when load of negative articles pop up. Just wait for it to turn and nice road back to 50 in short term.
Rsi way oversold now. Technically just hit and filled gap. Due a nice bounce
Is frustrating. Been mildly affected by asos and the recent market pull back.
Once the revised and correct U.K. inflation figures come in and the mass fear of huge inflation and interest rates hysteria pulls back. Recovery should be quick. Gas prices will be going negative at this rate this autumn with Germany and eu nearly full already!
remember inflation figures go by your high bill and not the discounted amount. So all these cuts and discounts to be had now are giving people more money but not completely coming off the inflation figures yet. It will soon reflect on the inflationary figures. Not many know this.
I do wonder whether yesterday the trustee buying open market was a note to say “no placing needed” as if placing was coming they could have took shares then. I’m sure some think placing needed like asos but obviously not the case. Don’t see anyone mentioning that. Anyways time to load. I took 50,000 shares at 37.79
In other news. Tomorrow should be a nice day on the market. Expect big blue with Nasdaq closing so high up Friday and then debt ceiling talks being positive. Current futures over in US even more blue. Should pull overall markets up tomorrow nicely.
It be took over within 3 years. Take private. Kane and kamani be working exit strategy right now. They got the brand in boo and plt now. Got the infrastructure and US warehouse online asap. Be done north of £1 a share by how much no idea but easy bag or two from here.
Https://twitter.com/markets/status/1661980387206217728?s=46&t=klceItdHWWIeRy0yz3tFOQ
Yes look at the last 3 numbers on that large trade that showed up they match the last 3 digits on the share holding of tr1 just now.
Nice tr1. Another II on board.
The hut group soaring. Any takeover there is very positive for the likes of boohoo. Noticed asos shorts have been closing quite quick.
https://www.chargedretail.co.uk/2023/04/28/thg-boohoo-board/
This article still intrigues me. With umar stepping down. Sorting out board. Could be boohoo time soon for such approaches. Thg jumped nearly 100%
Looks as though the take over offer coming closer
https://www.msn.com/en-gb/money/other/former-coty-ceo-puts-gloss-on-apollo-bid-for-beauty-retailer-thg/ar-AA1aCWfO
Cash balance better than expected. 32.4m end of December. With the drilling etc 31.9m end of April.
Once flow rates double in a few weeks it will be very nice. And start improving.
Shorts that opened yesterday closed today. IG longs went from 96 to 94 yesterday morning to get the pull back. Then gone from 94 to 96 at lunchtime.
Agree Tommy I just found it slightly intriguing especially with that volume jump that week to.
Last year they had nothing to say they delayed it. Year before was mid May. Year before that end of May again This year a month sooner. What new hire sorry? Haven’t been completely upto speed.
I still think the most plausible and reasonable expectation that the market should like is this “we are in advanced discussions/negotiations with x for a platform trial” or “we are in advanced negotiations with a major about a trial agreement.”
I think cash position maybe a nice surprise. Pre covid the cash spend wasn’t extreme and they could get by being prudent as they hopefully have been and watching spend with only a few million this expanding runway.