Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When TB came on board with the rescue deal in 2021, his percentage stake was 29.52%
The last round of funding diluted the holding down with the placing of 30 Million shares at 5p down to 25.28%
With all the recent share purchases by TB, that percentage level is now up to 29.14%
I tend to agree with Lawrmyer in so much that TB would maximise his return for the risk taken, without launching a full bid, which would be triggered above 29.9% under the Takeover Panel Rule 9.
As I've said before, I think the upside is being overlooked by the market, mainly due to a traditional view of Heavy Industrial Engineering. What is not being taken into consideration is the dire supply chain issues facing Industry. The reliance on cheap product solutions from Asia is under pressure - they simply cannot deliver. Large Industrials are looking to companies like Chamberlin, who not only have a superior skill set, but also the ability to deliver, on time, in full at a competitive price.
It's a real success story priced at silly levels down here - hence the Directors are mopping stock up.
Wise words - don't press the Buy button!!
What a complete sh*t show.
Talk about destruction of value.
Joke.
Morning.
He's bought the stock via his Family Trust.
The Personal Close Associate is actually 'The Family'.
This is from 2018, from a share purchase in Plastics Capital.
'The Company announces that BW Family Ltd, a trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of the Company, made the following purchases of ordinary shares of 1p each in the Company ("Ordinary Shares"): '
Just good housekeeping - all positive.
Figs 14th March section 24 as the Guys pointed out to me this morning.
I made some inquiries yesterday, and it does appear the sale was a result of redemptions within the fund.
No reflection on Chamberlin, just the result of Funds raising cash in a hurry to satisfy outflows.
This always happens in Bear Markets as investors lose heart, and fold on their investments. It tends to create a negative feedback loop as the more they sell, the more people panic - which is evident in all Asset Classes right now.
Nothing has changed in a week, the story is still positive.
Yes, just spotted the holdings announcement.
I'm a little confused as to why they've sold down the holding. However, I did spot a number of sales from Miton, so perhaps they're trimming a few holdings as they see redemptions from the various funds.
The stock has been bought by a MM at a slight discount to the bid at the time, so they've taken the risk on the book.
I would imagine TB will have spotted it for sure, and he may have already been offered the stock. I'm sure he'll want to know if Miton are ongoing sellers.
Morning Lawmyer.
I wonder if it's one side of a cross into an ISA or Trust situation?
It cannot be done in one hit I believe, as there has to be a distinct time gap determined by HMRC.
Still, the trade represents nearly 1% of the company's shares in issue, so as you rightly say, it's a huge trade.
If it's a straight sell, I would imagine TB will snap it up in a flash.
Pleased with today's announcement and subsequent trading in the stock.
It's a proper company, making high quality products, which is why I've added to my holding today.
Have a lovely weekend chaps, enjoy the wonderful British Summertime.
I wouldn't imagine they'll be any objections.
I've been down to the site and it's located on the edges of the S****horpe British Steel Works ( which is on a scale hard to imagine, impressive to say the least).
The other thing to note about the site is there is plenty of room for further development.
Just as a side note, it seems the British Steel Works at S****horpe are enjoying better times under Chinese ownership, which is having a positive effect on the area.
I think it's fair to say they've done an impressive job of getting the business back on track. Growth at RDC has been particularly impressive, with clearly more to come.
Energy, which has been a major concern, is fully hedged until 2025 which gives the group a huge edge against competitors .
Impressive.
Here's a cheeky spot.
John Chantarasak, one of the brand ambassadors for Gozney (who are without doubt one of the hottest brands in the world of Pizza Ovens right now) using one of the fabulous Emba cast Skillets.
These are causing quite a stir with Chefs at the moment, especially in the Fire Cooking scene.
https://www.gozney.com/blogs/recipes/rib-eye-waterfall-salad-recipe?utm_source=Klaviyo&utm_medium=email&utm_campaign=17%2F06%20Waterfall%20Salad%20%28Sgt4VY%29&fromemail=true&kl_audience=UK&_kx=cq_UqdVkteqWaicff23pzoJoTwQAKLJ9UpssOwAXZUk%3D.NSgA6m