Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
the key points again:
In a letter to the directors of Flybe, Hosking Partners is understood to have expressed concern that they (ie FLYbe) had allowed a false market in the company's shares to develop by failing to update the City on its financial position in a timely fashion.
The fund manager, a long-standing shareholder in Flybe, is understood to have copied its letter to City watchdogs including the Takeover Panel, which polices mergers and ?acquisitions activity, and the Financial Conduct Authority.
Hosking Partners is said to have raised doubts as to whether the £2.2m offer reflected the intrinsic value of Flybe, and alleged that the handling of its proposed sale had blocked a rival offer from emerging at a higher price.
Hosking challenges Flybe's given reason for the sale at such a reduced price due to lack of liquidity- because of the company's cash balance and ability to raise funds from the sale of assets such as its take-off and landing slots at London Gatwick Airport.
Hosking and other shareholders are said to be furious about the restructuring of the takeover because Flybe's recent switch from a premium to a standard listing on the London market meant investor approval was now only required for the holding company bid, not the sale of the airline's assets.
it's c alled 'media management' .timing/ co- inciding with other -bad- news so it won't get any particular attention
he was the original founder of Stobart? so it is his 'baby '
I think it is a fair point. So how do you imagine Flyb talking to big investors who's holding has been devalued: 'There is no better deal on the table. too much debt.'
But the ii will have to doublecheck that, ie is there a better deal possible?
Same goes for those of us who haven't sold yet .... what can realistically be expected ?
local airline, Cardiff and Isle of Man --- and possibly others clearly depend on FLYB services
Stobart had gone through some critical patches with their haulage business, that's why they expanded into airports etc. I remember ca 2 years ago they had some very complex scheduling of debts going with some eyebrows raised--- but they seem to have come out ok by the look of it.
If you have the right partners you can make even huge debts disappear, reschedule, sell on etc etc
I live near Southend . I know for sure the relationship between Stobart and Flyb is multi level. Eg Stobart own airport and Flyb uses Stobart planes for some of their routes. What I am trying to sayl is that Stobart is deeply woven into the fibre of Flyb - whether we like it or not. And quite likely Flyb owns money to Stobart for use of airport and use of their planes.
That means they probably know more about Flyb than we - and can use it to their advantage. I am just trying to understand the dynamic of the situation.
Stobart is a shrewd operator who had their eyes on FLYB for a year or so and consequently are intrested to buy it cheap, see it struggling. Branson is an opportunist. The Flyb bod --- can argue they had given indications that not all is well when they put themselve up for sale, considered all options. But the business model has some credit, even if it needs better management re purchuse of fuel and managing exchange rates. One of the interesting questions is in how far Flyb at this moment is already controlled by /dependent on Stobart?
I am full of praise for their southend to groningen flight route. Never let me down and better than Stansted or Gatwick for Northern Germany if you live in south East Essex.
I agree that one possible way could be if private investor and who else might represent more than 25% of the shares and thus block this going through.
subject to 'due diligence' and fundamental change in circumstances. or whatever any lawyer can dream up iti s not binding , unless stated but if they want to change their mind I'm sure they can.
... imo
southend on sea has a small airport,(SEN) typical for Fly Be. Their marketing is awful: many people in south East Essex, ie their natural catchment area, for whom SEN is more convenient than Gatwick or Standsted don't know that they fly to Groningen - direct Bus connection to Bremen and Hamburg - and Cologne for example. Stobard already has sharing deals with them, ie FLY usingStobard plane on some of their routes
CRA (Cradle Arc)
MCAP £2.8m
$2m loan from Director + £400k funding secured
Current Share price - 0.975p
52w lows 0.85
52w highs 11.75
Assets include:
1 - Producing Mowana Copper Mine in Botswana
2 - Zambian Matala & Dunrobin gold mines
3 - Mali Kossanto West Gold exploration
4 - Mali Kossanto East gold exploration
5 - Mali Karan gold exploration
Projects 1 - Mowana copper mine Botswana
▪ Mowana is a producing copper asset in Botswana; a low risk, mining friendly jurisdiction, in a favourable copper market environment
▪ Production ramping up to 12,000tpa Cu, and will reach an average of 21,000tpa Cu over a 14 year mine life following low capex Dense Media Separation (DMS) expansion project
▪ Estimated Net Present Value of US$272.8 million at an 8% discount rate and a copper price of US$3.00/lb Cu
▪ Cradle Arc is building on over US$170 million of investment by previous owners
▪ Rapidly delivering on strategy to re-position Mowana as a profitable, larger scale, lower cost copper mine:
✓ Debt reduced and restricted on acquisition
✓ JORC 2012 resource base increased to 55Mt M&I @ 1.17% Cu + 20Mt Inferred @ 1.08% Cu
✓ Maiden open pit Ore Reserve of 31.8Mt @ 1.17% Cu for 370,800t Cu - reported within 4 months of listing
✓ Accelerated development plan implemented April 2018 – mining rates to double in Q3 and hit full capacity in Q4 ✓ Recoveries being achieved to plan and set to continue to improve
✓ 4,000 tonnes of copper to be produced in H2 2018
✓ Cash generation to improve throughout H2 2018
▪ Mowana positioned for Stage 2 production expansion, leveraging management team’s has first-hand experience of installing and operating DMS units
▪ Near mine prospective assets with potential add to production profile
PROCESSING UPDATE
• Processing optimisation is ongoing as the Company continues to ramp- up to steady state production
• Some sporadic interruptions occurred during July and August 2018
• Recoveries average of 51% for Q2 and Q3 reflecting predominantly transitional ores
• Recoveries of up to 76% still expected to be achieved in high supergene ores
• Recoveries expected to reach 85% as more sulphide dominant ores accessed
• Approximately 4,000 tonnes contained copper to be produced in H2 2018
• H2 production to be weighted to Q4 as ore type processed moves from transitional to supergene
Project 2 - Zambian Matala & Dunrobin gold mines
Option Agreement – July 2018
• Non-exclusive option granted to Singa to acquire Luiri (100% owned subsidiary holding the Matala and Dunrobin licences) for total cash consideration of US$2.5 million
• In addition, Cradle Arc will receive a royalty of 1.5% of gross revenue up to a maximum aggregate amount of the Net Present Value of US$2.5 million, discounted at 8%.
• Singa also granted an non-exclusive option to form a joint venture for the operation of Matala and Dunrobin. In the event the JV Option is exercised, any such joint
long term slow burner... the market is huge but though are the hurdles to get their feet in the door
It takes five minutes to fill a car with petrol. A Tesla is 30 minutes with a supercharger, and that’s to 80% [charged],” Spowers says. “So for a motorway services with 20 petrol pumps, you’d need to replace them with 120 chargers to get the same throughput of cars. Each Tesla charger is 120kW, so that means you’d need a 14.4mW substation – the equivalent of powering 32,000 homes in the UK. Charging one battery car is very easy; filling one hydrogen car is impossible. But as you scale, that situation completely reverses.” from https://www.theguardian.com/technology/2018/jan/20/hydrogen-cars-hugo-spowers-future
from the rns: 'evolved into a full-reserve banking platform combined with a hard currency.' These words ' full reserve' and 'hard currency'. Any comments.?
Perhaps I am naive, but the overall fundamentals haven't changed, if at all with the Euro / Italy Euro crisis particulartly once they lose the Bitish 16% of their budget....
thnk you Max and Urraca. It will take some profit away from the original underwriting insurance co. . Certainly an ineresting model ,and having worked within AIG he knows all the ruses and scams that keep the insurerers in butter.
I listened to the Vox podcast interview. There is one question: the service Alpha offers-- it just didn't exist before?
In other words people who wanted to cash in their life insurane ( possibly with a savingelement in it, would be given a surrender quote from the insurance company - take it or leave it.
And alpha manages to negotiate a better deal with the insurance co, and then offer a better return to the customer? What I 'd like to know: the money Alpha now gets ( and partly passes on to the surrendering person--- before now-- where did this money go to, in who's pocket did it end. OR put directly: where there is a winner there is always a loser. Who is this ?
Thanks