Member Info for Gwillerz79

Could this be the long term replacement for kestrel. Am I right in thinking if we took the full 5% option and they produced 24,000 tons per year...at $14k current price it could equate to nearly $17m per annum? Does anyone know when they are planning to commence production?

I see they are doing a preference share buyback? Does anyone know how many there are or if this is material? Thanks

I'm surprised too....the shares owned in ninety one are worth £500m on their own. Think we just need patience here. Look at the recovery after the last recession....it went from £1.64 to £5.50 in 12 months. Just needs sentiment. Our NAV on the balance sheet is nearly £4 on own!!

Given the bond price is currently 90p in the £, is it not possible for us to make some further purchases at a discount and cancel? If it is possible would this not be the best use of the £300m of available cash at the moment?

Well we now have near £4 per share in ntav per share and we are valued at only £1.33. Got to be some good upside in the future once sentiment returns

The rand has appreciated since year end by 5% which will help the balance sheet. In addition our 25% holding of n91 has appreciated by 21%. Given no divis have been paid and stated cost saving strategy I'm feeling optimistic.
Our nav per share at 31st March was already £4.14 and out tangible nav £3.77. I guess the key unknown is impairments and loan book growth. Fingers crossed for a positive uodate

Been very disappointing here recently. Given nav per share feels like we are significantly undervalued even given current environment.