RE: AIX Transfer of stock to Omani & Institutional18 Oct 2024 11:40
Selvi and Pippa, thank you for your replys, they are most helpful and informative, to myself and I'm sure many others.
We do not know what Mr Nesis sold his large stake to the Omani's for, (a bone of contention for me!) (though I assume that it's more than the present price, otherwise why not state it?), so what is there to say that private deals could not be made with other major holders, after all there are not that many and with the present price so low, the average would still work out a real bargain.
"V Nesis paid $9 a share for 27 million shares". This, to me at least, IS a reason to move exchanges, not the opposite, in the four years to 2028 taking potential dividends and share price increases into account, (not to mention any performance bonuses he may get in stock) a $9 per share price would seem easily attainable. So for that reason , I discount the idea that it's due to him that no move is taking place until 2028.
As time goes on, more people will I think sell up, what number this would leave in dormant accounts is unknown, but what would the result of the now pure Kazac play be on freeing up the shares presently frozen in the many U.K. accounts? If they were free and traded on a liquid exchange the price would possibly/probably rise. (Surely there is no just reason for them being locked up any longer? Mine are not in any such account).
Pippa, "So you think the 30% majority shareholder will manage to make an offer which wets all these shareholders appetite".
I am not saying any of this WILL happen, but in the same unforseen way that Mr Nesis was bought out, what is to stop more of the same happening again? Take the newest large holder with 10% (I think) their buy in is possibly around $3.4, what would their view be to an offer of $5.1 in a few months or even a years time (conditions permitting)? (a 50% boost) espicially when there is the stated line that no move to another market will happen before 2028, and no sign of dividends? I do not see the Omani aim as a quick buck, I see it as owning a forever cash cow paying a return of 25% to 30% PA, whilst still being able to grow. They after, all are a country not a "get rich quick investor".
Like all holders I too want this company to do well, (it is doing very well) it's just that some of the things presently happening don't seem to tally with a focus on the smaller shareholders, and some of the policy changes seem a bit odd. To me at least. As always, I am more than happy to be proven wrong.
Best wishes to all.