George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I'm guessing the current share price reflects what the market values the assets at if they get sold.
I'm surprised this hasn't fallen a lot further.
Best thing is for someone who knows what they're doing to take it over and sack the current board.
Naked Trader mentioned Yu in his end of year summary.
"On paper my biggest profits of the year were in YU Group where in real life I sit on profits of £100,000 plus as they've gone from 3 quid to 12 quid.
Do I take profits or hold on? For now I think they have further to go.
However with a big amount of them I should be thinking of topslicing at some point."
"If there's a buy/sell order for 106 shares then when that order is completed it is shown as a trade of 106 shares."
Not necessarily. There's a good explanation of the way trades are reported here.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html
This explains the way trades are published.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html
Any significance in the Smart Metering Systems bid?
https://www.lse.co.uk/news/SMS/smart-metering-systems-stock-soars-on-gbp1-billion-takeover-offer-eob1too76senk5i.html
Scroll down to No.11.
11. Additional Information
On the 30th November 2023, Close Brothers Asset Management sold 3,447,269 shares in VERTU MOTORS PLC ORD 10P. This brought our shareholding to 3.98% of the shares in issue. This is based on the shares in issue figure of 340,752,756 as at 30th November 2023.This is the required notification that the holding has crossed 5% of the shares in issue.
This is a good summary of MM workings.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html
IMO a good move would be to get rid of the legacy media side of the business and concentrate on tech.
I don't think any potential bidder that's interested in the tech wants to be saddled with a warehouse full of old books, CDs & DVDs.
This could get messy.
Service of Claim
Further to the disclosure in the 2023 Annual Report, on page 100, Hipgnosis Music Limited (in liquidation since March 2018) ("Hipgnosis Music Limited") has served proceedings against Mr Mercuriadis, the Investment Adviser and the Company in the English High Court. In summary, Hipgnosis Music Limited alleges a diversion of business opportunity from Hipgnosis Music Limited (of which Mr Mercuriadis was previously a director) to the Company and the Investment Adviser and also alleges that the Company unlawfully assisted Mr Mercuriadis with, or received, this alleged diversion. Mr Mercuriadis, the Investment Adviser and the Company deny such claims and intend to vigorously defend them. The Company is not insured as to the costs of dealing with this claim.
I've sold today, at just over 37p, before results. I've lost out on too many others by holding through pre-results spikes.
I'd only intended this as a quick recovery trade but ended up holding for 6 months. Bought just under 33p hoping for a retrace to c40p. I've also had the dividend so a decent enough trade.
I not ruling out buying back in on any drops.
I could see something in the refurbished tech side of MusicMapgpie, but I really can't see why BT would want to get involved in selling car boot sale tat like used DVDs & old books.
This should help.
Price paid for offshore power to rise by 50%
https://www.bbc.co.uk/news/business-67430888
Drop seems overdone, can't see anything that bad in results on a quick look - am I missing something?