Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Very disappointing update..The statement says revenue down as expected,but when you downgrade your prospects,you need to provide figures slightly better than downgrade as it is from such a low point.. It's a long haul from here it seems..How on earth will they get their massive debts down,without substantial increase in profitability
I tend to think that companies that make no announcement to stock exchange for any upcoming trading statement is one that has a disregard for its retail shareholders ..Instead directing the company for themselves and their shareholdings..As in the previous rights issue where retail shareholders were excluded..
Just waiting for Boohoo to launch a similar case against the company..They are sitting on massive losses,and probably for same reason as today's company..It's quite a series matter which has been successful in the US for compensation..Rev B has more or less admitted deception by previous directors with one having to give back £1.5m and the other removed from his position
The company should not be distributing a dividend with debt incredibly high at over £1 billion.. Forecast profit means forward PE of 2.1 but debt is at 4.5 times value of the company.. We wait to see what value is placed on the loss making American transport business which is on sale.
Ajc...They were mislead by the company statements claiming financial and trading health,whilst knowing that there were internal irregularities..The claimant bought a lot of shares on the basis of the statement...The previous CEO was kicked out and it seems the board were just gung ho about everything