Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I suspect the SP is so low that an equity raise will not be discounted,but rather at a premium,so no help to retail investors,but aimed more towards institutions.. Can't see any one wanting to takeover this old fashioned company,even at this price.. Have to sit it out..
Do your research..How can it be taken over when the founders hold huge stakes that would make any takeover impossible
Is it any wonder that British companies prefer to list in NY or Amsterdam..The LSE is just crammed full of shorters,as a number of fund managers have completely withdrawn from our market post Brexit..This means plenty of downside,but only small chances of upside
Debt free????....Current debts are just shy of £.half a billion with the whole company worth £290m..Last 6 months cash loss was £69m..This why no one is willing to takeover such a basket case of a company..They would be buying massive debts plus many meaninglessness contracts that may or may not be profitable.
This is the pathetic interim dividend..Expected to make £1 billion profit and dividends are tiny.
As the CEO stated today....Ai is a threat to the digital agencies in that there will be less spending and more in-house Ai to get the company messages across..The company is still way overpriced,no profits in the medium term,and debts..The company cannot launch any all share takeovers at such low SP..Don't hold your breath for a white knight takeover..
Much more to come??? The trading statement said their markets are stagnating. Due to high interest rates and reduced spending..All of next year trading will remain the same and not materially improve according to CEO.
You are delusional in your analysis
SP at a very low level,but no director buying,no institutional buying,no stake building and no takeover offers..No in-house management buyout..This means more downward pressure and maybe even into single figures..At this level the shares are a sell
After last mediocre results l decided to sell at a loss.. Surprisingly,after that for one and a half weeks the SP kept rising by a penny or two each day..Today the SP rocketed and it seems all the insider's and their relations knew beforehand and bought in before today . It's borderline corruption.
Directors desperately trying to be upbeat regarding trading update today..In reality it is disappointingly mediocre in performance
Rather underwhelming update from the board..Single digit increase in forecast revenue for y/e 2024 is not going to set off fireworks.. It's more steady as she goes..For punters who did not sell,there will be another opportunity as all three newly appointed directors have zero shareholdings,so at some point will buy shares acting as a short term catalyst for SP.But l'm out...
Either the MMs shaking out the nervous investors,or more depressingly insiders getting out..The market makers could mark down tomorrow inspite of good trading to get people to panic sell before later rising back up..Very tricky to know what to do
You could that badly wrong..That was a fundraising which they HAD to buy the shares to avoid complete collapse of the country..Since then,no director has bought voluntarily in the open market..They may do when the company name is changed at AGM.But so far nothing,which suggests the SP is not a bargain