The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
They didn’t issue an RNS for the 5% and 4% thresholds which they are legally required to do so under AIM rule 17 as a significant shareholder. I cannot see any trades which I would attribute to them since the RNS was released. There have certainly been trades since the 3% threshold was crossed but why wait a week to make the notification if you’re playing it by the book. I think they are done for now.
I feel much more comfortable now I know that GS have been selling and those sells aren’t some nefarious shorter. The fact an RNS has been issued may mean they have finished. I’m hoping that others feel as positive as I do. I for one will be adding again this week.
All the best,
J
I fail to see how a company from Singapore, registered to the BVI is going to get tax advantages from selling shares in BMN. I would imagine that the whole point of registering in the British Virgin Islands is so they don’t pay any tax in the first place!
I am almost certain we are dealing with a distressed seller. Why try and make it something more than we have evidence of? Distressed seller is a good thing in many respects, it means that it is unlikely they are selling due the the business and an outside influence means they are being forced to sell their holding. It isn’t that unlikely in the current world wide economic market.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
https://www.bbc.co.uk/news/world-africa-54207503
South Africa's President Cyril Ramaphosa looked appropriately dour, and sounded appropriately cautious, as he appeared on national television this week to warn of the dangers of a second wave of infections and to urge the public against relaxing their guard against the virus.
And yet the president's key message was a simple, optimistic and impressive truth.
"We have succeeded in overcoming the worst phase of this epidemic," he declared.
As the infection rate here sinks below an important threshold of one new case per day per 100,000 people, South Africa is moving - with relief, and with some pride - into a new phase.
MN is speaking in the same session as this guy. Remind me who is financing the SA battery project?
CHANDRASEKAR GOVINDARAJALU
Lead Energy Specialist, Energy Climate Finance
The World Bank
Chandra Govindarajalu leads the global battery storage program at the World Bank.The World Bank has made commitment to accelerate deployment of battery storage in the developing world with an aim to finance 17.5 GWh of new battery storage in developing countries by 2025. The World Bank has also established the Energy Storage Partnership (ESP) with 30+ organizations that includes NREL and the Energy Storage Association (ESA) from the U.S as well as several European and global partners to foster international cooperation to adapt and develop energy storage solutions for developing countries and to support development and implementation of energy storage lending operations. By developing and adapting new storage solutions to the needs of developing countries, the ESP will help expand the global market for energy storage, leading to technology improvements and accelerating cost reductions over time.He also leads the energy climate finance team which is responsible for mobilizing climate finance from Climate Investment Funds (CIFs), Green Climate Funds (GCF) and other sources for the Energy and Extractives Practice at the World Bank. He has over 20 years of experience working at the World Bank and International Finance Corporation (IFC) on energy efficiency, energy access and renewable energy across 15 countries in South Asia, East Asia as well as Middle East and North Africa. Chandra holds a PhD in Energy and Environmental Policy from the University of Delaware, Newark, Delaware.
I’m not sure what the tweet said but the list of speakers is here, including MN
https://energystorageday.org/event/speakers/
GS crossed 4% in October 2018, see RNS below
https://www.londonstockexchange.com/news-article/BMN/holding-s-in-company/13853819?lang=en
They are shown as having 67 million shares as per todays RNS so must have been buying at significant prices prior to this years dip.
At least we know the reason for the dip in SP and that it will end at some point. I am going to take as much advantage as I can whilst the SP is at this point as a company Bushveld are massively under priced and when the selling stops we’ll see the start of a large rerate here.
Despite being still shown as 31st July, the list has changed, some of the retail holding groups have various changes in percentage, mainly positive and Bushveld Management have dropped out of the top 10 as The Share Centre are now holding more shares than the management.
None of the major investors, Yellow Dragon etc have any change to their holdings.
https://www.energy-storage.news/news/nec-delivers-orsteds-first-20mw-standalone-grid-battery-project
Liverpool lithium battery
https://www.energyvoice.com/otherenergy/265285/eskom-power-generation-ministry/
This is why Bushveld’s 25MW is needed desperately