George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Overall the dividend in specie didnt work. Caused a lot of confusion on nominess and tax long lock up etc.
For a small spin out not worth the hassle
I was livid when i read the RNS at 7.00 - a 30% discount plus warrants is ridiculous. A better broker surely could have got these away at 1p at least. Never heard of Tavira securities before and no wonder. I cant believe HAA didnt know this was in the offing when he gave the presentaion 10 days ago. Placings dont happen overnight.
Then i put my emotions to one side. Not the first time I've been done like this and the only way to avoid the dilution is get some at the placing price. Thankfully I was looking to top up yesterday at 1.2 but never got there so to but today just over 0.8 didnt feel quite so bad.
The positive side of it is - it does indicate to me that the financing is progressing. We are not raising $0.5m to pay bills like previous placings, but a serious lump to meet our share of the financing pot for TK plus an active drilling programme in Hawiah.
I have been here before (Jubilee anyone?) and it used to drive me nuts, but when it went from 2p to 20p in just over 12 months it paid back in spades.
I have hated the hidstoric dilution as much as anyone on here
The dilution occurred three years ago, when the deal was done, so theres no point moaning about it now.
At the time we needed the cash and they were the terms offered to do the deal.
Would we be where we are today without that cash? who knows? but probably not, in my view
Im not familiar with Workspace. Just had a quick look and seems very London centric and has a very low divi yield.
Whats the chance hanging around for a better offer ? or just cut and run?
Doesnt seem overly generous
he did seem unusally subdued
maybe the Nissin stake is seen as a blocker by potential acquirers?
Unilever only looking for 'healthy' foodstuffs - hence why they backed out of offer for GSK
Wow thats quite a chunk from Tosca. Wonder who picked that up?
with 83% in five holders would be an easy takeover target (at an acceptable price obviously)
Arent we due a webcast soon ? didnt he say he would do one every month ?
Sad news about Andy Stewart passing away. Wonder what will happen with his 9% shareholding?
I just asked a question thats all and quoted some factual numbers. I didnt make a comment
How do you get £4m net profit for the year?
H1 net profit was £489k (excluding the exceptional item) and indications yesterday were that H2 might be less than H1