Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Both Peel Hunt and Lansdowne have acted for TRP in the past but good old cash strapped TRP have paid them in shares. Same as Mr Dairou, the Country Manager who agreed to have his bonus paid in TRP shares. Binary decision here, either sell at a big loss or average down - I have chosen to average down (again!) based on a combination of factors, Good data will quickly attract a partner, the current oIl price, Peel Hunt have increased their holding and Mr Dairou could have walked instead of accepting shares...........
Awful lot of substantial buys this morning -so thought I would tag along @ 3.33p - RNS Monday?
Suppose it could all be about keeping control of the number of shares in circulation - at least by using this method it avoids any dilution - institutions must have liked the look of the deal though. Have the II's re-purchased the shares yet or are MM's pushing the SP down so II's get even more of a bargain.
Assume that Red Crescent and Red Cross will be renting/leasing vehicles and storage facilities from AGTA giving a steady revenue stream - vaccine already being tested in Oxford, yanks going in to build 100 hospitals - this epidemic will not last forever - it will soon be contained and eradicated - they have a substantial cash pile and share price is under valued - it is worth a punt or good time to average down.
Some Pi's and looks like II's buying at this price - are we existing shareholders missing a trick?
1. I believe a large chunk of the above is owed to the Anglo Irish Bank (in receivership) . Starting this week KPMG is looking to sell as much of this loan book as possible - unsold will go back to the Irish Government. If a cash offer to KPMG of £100 mill, £150 mill or £200 mill to clear the loan - would they take it and what affect would it have on Puma's market valuation? http://www.independent.ie/business/irish/ireland-could-be-stuck-with-chunk-of-anglo-loans-following-sale-29587567.html 2. Puma auditor Sarah Sanders of Deloitte said 'existance of present loans casts significant doubt about the companies ability to continue as a going concern' - if Puma were to go bust - HCP own's £12 mill convertable preference shares which puts them at the front of the queue if Puma could not continue in business. In either scenario HCP are best placed to take advantage - and the share price would rise significantly Alos
Can you expand on that?
Under our noses!! - hit the 'VPHA Financial Diary' icon above and it reveals VPHA Annual general meeting tomorrow 19/05/2011.
SP still well below price paid by Directors - 1.45! Can anybody confirm that AGM is tomorrow?
This is a difficult call - annoucements for the AGM will have been sorted out weeks ago - VPHA will have met recently with all their institutional investors and updated them on current and projected sales, new strategic alliances etc..... - Directors have all made signficant purchases recently at or around 1.50 - has this been done with the view to announcing good news - and institional share holders selling heavily pushing the share price down in order to pick shares up cheaper prior to AGM or because trading statements are behind the curve and institutional investors have suggested to directors that major purchases by the directors prior to a disappointing AGM would show that they still had confidence in the company.