George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I've heard that this company is in many large orgs bidding for work, AI & Marketing is about to revolutionise how companies push content out to their visitors and Brave seem to be at the centre of it.
I'm in the industry and Brave are mixing with the big boys and if they can land some deals then this is going to move north nicely.
IMOO
Looks weak but not a disaster
128p formal bid before the £ gets too strong.
Directors filled their pockets with shares and now they are ready for multiple acquisitions, quick 10/15% going to be added to these and then hopefully a nice run in 2023.
Expecting to see fund managers following suit pretty soon unless they already backed them in the offer.
Dyor
Sadly I'm waiting for my entry price of 20p , thi k they could get there but we're going to need some serious cash being thrown off these , in really short order and I'm not sure they are there yet
Dyor
Big time for me , before the pound strengthens too much , if the debt is cleared this pays excellent annuity like income for years to come.
Dyor
Never heard of a 2hr placing, but only £1M on offer to us general shareholders which is intriguing, I suspect they may have had to do it to allow the directors to enjoying getting some cheap shares prior to the placing.
My guess is buying competitors at multiples of less than 5( is that right ) makes very sound busines as multiples should be closer to 7/8 or beyond and if a rebound comes and costs are controlled then this seems like hugely positive news , I suspect the subscription was over subscribed as we had a placing / raise at higher levels previously.
60p anyone tomorrow , and anyone lucky enough to get the shares might just prove good value
Dyor
Has all the hallmarks of a fire sale , guess it will be easier to manage but perhaps a smaller business
Did they make any profit on it , details seem very thin
this could be the green shoots of recovery for Boo
DYOR
https://www.moneyweb dot co dot za/news/companies-and-deals/vodafone-is-exploring-options-for-14bn-african-unit/
Early-stage considerations reportedly range from merging the business with other operators or divesting some assets in certain markets, to selling a stake in the company.
Vodafone is exploring options for its African business as investors ramp up pressure on the UK telecom company to boost performance, people familiar with the matter said.
The London-listed firm is working with advisors to study ways to extract more value from its 65% holding in Vodacom, the people said, asking not to be identified as the matter is private. The early-stage considerations range from merging the business with other operators or divesting some assets in certain markets, to selling a stake in the company, the people said.
Vodacom has a market value of about $14.4 billion (R252 billion) on the Johannesburg bourse after declining about 17% in the last 12 months. Vodafone is down almost 30% in that time period, valuing it at £26.8 billion ($32.2 billion).
While Vodafone has always seen the African unit as a core part of the group, the exercise shows that it’s willing to study a wide range of alternatives as it casts around for a way to stem a decline in its shares. Billionaire John Malone’s Liberty Global Plc disclosed a 4.9% stake in Vodafone on Monday, joining other strategic investors French billionaire Xavier Niel and state-backed Emirates Telecommunications Group Co, formerly known as Etisalat and now called e&.
There’s no certainty the deliberations will lead to any transaction. A representative for the UK carrier said that Vodacom “is a strong business that is an important part of Vodafone” and there are no ongoing discussions about a potential sale. A representative for Vodacom declined to comment.
Etisalat, which is Vodafone’s largest shareholder, has been exploring a potential investment in Vodacom, Bloomberg News reported in December. It has been studying the possibility of buying Vodafone’s stake in Vodacom or merging its own African operations with Vodacom, people with knowledge of the matter said at the time. Vodafone’s holding in the African business may also attract interest from other bidders, according to the people.
Vodafone has been selling assets and replaced its chief executive Nick Read late last year as it has come under attack from activist investors due to its poor performance. Last year, it sold a stake in Frankfurt-listed Vantage Towers AG unit to a private equity consortium in a deal valuing the business at €16.2 billion ($17.3 billion).
The British company has been consolidating its interests on the continent under Vodacom, which provides services in countries including South Africa, Tanzania and the Democratic Republic of Congo. Vodafone’s stake in Vodacom increased to 65% after it completed the sale of its Egyptian business to the the South African unit, according to a regulatory filing Monday.
DYO
Good time to raise money and go after another big acquisition in my opinion , perhaps the biggest deal is yet to come before someone takes them out.
I wonder what fair value for the shares is today because 60p seems very good value , and they were trading circa 120p at their previous peak.
high level is £721M debt, lower profit of 20/30M as opposed to 35-50M, then 140M cash in bank and 150M debt matures in 2024, so this is all very thin on survivability , however Saga exceptional (new product) to try and add 40M profit annually.......
I think this is 50/50 in terms of viability going forward, that said, saga has the data and customers from which to sporn new products to a target customer that is most likely to still have cash......, the boomers.... therefore perhaps 60/40 in favour of a full recovery, the management team and execution will have to be spot on otherwise this could fail.
IMHO,
I hold a few but not in my pension.
Seems like they are able to trade through this period and it sounds like they have a decent energy deal to cover the next period (12 months) , if the recession is mild then potentially the youth will carry on drinking and these could stage a nice recovery.
Imho
Shein 100B dollars , boo £100 valuations , I wonder what might be about to happen to boo
Next , JD and a few others are ahead of previous years , pressure on boo to deliver here , reckon we need growth or else this could tank , progress in the US key for me.
Anything at all to report ?
I don't think so, they are unsafe, cash going direct into competitors......
bolt converting "customers to subscribers" is really current , most platforms (ecomerce) are trying to achieve this, with bolt it could be automatic (single click) as opposed to existing sign up and subscribe processes , it depends on how much traction bolt can get verses, paypal , stripe, klarna etc..... niche has been known to grow super quickly and by partnering with the big ecomerce companies early bolt may just gain a head start.
It wouldn't take much for bolt to get some big numbers (for bolt) to really move the dial, just wondering though if the transaction will go through or not , its very quiet
hold for continuing divis and sit on the capital appreciation or dump them and by something else with a 4/5% divi.... like GSK, NG etc
Personally, I got in circa 114 over 12 months ago, seen it get to 140 and retreat, think this might be a continued rise to 160 + but I dont want to see 110 again, although even when it dipped I had collected two divi payments.
These of course could be a hold forever, but with the large debt pile a divi cut could always be lurking.
DYOR