Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks. I will bow to your superior wisdom in these matters. I can see that the share buy back is as good as or better than cancelling if the share options & bonuses would have been paid out at the same level anyway. Guess I'm too used to greedy AIM boards just using it as an excuse to give themselves even bigger payoffs.
Share buybacks are fine for LTI if the shares ae being cancelled. Is that true here? Not so great if they are being held in treasury to be distributed for employee share options or for executive bonuses. Personally would have preferred an increased dividend or let the SP drift a bit longer so we could buy cheaper shares ourselves.
Anyway, my point was about some Mail hack stating that momentum was gathering because ETC has increased their $h1tty offer by 10%. With gold miners typically leveraged at x3 to x5 POG we should see a better uplift than 10%. So momentum should be gathering for the takeover to fail. I for one will be interested to see which funds end up getting a stake in SHG if it succeeds.
You're quite right, nobody knows the POG in the future. However, that's no reason to accept a lowball offer that is patently undervaluing SHG given the current POG and our projected AISC for 2024.
Long term it comes down to whether you believe Mr Patel is correct and POG has peaked or it is going to increase. If I'd believed the former I wouldn't have been investing in gold miners in the first place. About this time last year Eric Zurrin stated he thought POG was going over $8000 per oz. Hmmm, guess he's changed mind then.
I don't see why some hack from the Mail would have any more info than the rest of us. "Momentum building" for a successful vote just because ETC have increased their Cr@ppy offer by 10%? Gold has increased by over 10% since December which, if sustained, should equate to something like a 30% increase in profits for SHG, or in SP terms an offer of about 18p. If this does go through the funds that support the take out need to be investigated.
"Why are they saying 'take no action' when we are clearly being asked to vote again?"
From the company that told us POG has peaked, employs a broker that cuts its valuation by over 55% overnight and is doing this TO for the benefit of stakeholders as opposed to share-holders, I think we can safely ignore any voting advice that comes from the Shanta BOD. No doubt they have legally covered their a$$es with all the legal guidance they have bought.
Walkley. These scum are literally trying to take tens of thousands of pounds off us by acquiring Shanta below market value and gaslighting us at the same time. No way I am going to speak kindly of these $h1ts.
I have just sent an email off to my broker X-O Dealing to re-register my vote. In my case this is not a simple click on a web-site. The onus is on me to inform my brokers what is going on, how to proceed, and then pay them the appropriate fees. I wonder how many PI will be caught out by this?
The $h1tty Patels and our craven BOD lapdogs are certainly trying hard to steal the company.
Exactly what I was wondering G_G_G. It's clear that the grubby Patels are up to something otherwise the bid would have been dropped or increased. I was thinking they might keep playing for time by pushing the vote back repeatedly in the hope POG retraces. But what if they are instead planning to make "arrangements" with some of the new funds to get it over the line. What are the legal ramifications of this?
Two funds have already thrown their lot in for 13.5p when the price without the bid would surely be in the 14-15p range by now. Why would they persist and still be recommending the bid? Are they trying to make less money? The whole thing stinks.
The Patels might have to been able to swing the vote and get their grubby little hands on Shanta if they'd made the initial offer at 15p. That boat has sailed and serves them right for being so greedy. With POG at these levels fair price will have to be higher. Forget you Mr Patel.
So, if understand you right, in Q4 our mining company will have spent about 22days just generating the profits which will be used to pay Eric a £1.1m bonus, provided he can help steal the company from us. Disgusting and shameful.
Following mrtibbles line of reasoning there are possible skeletons in the Shanta cupboard that only the BOD is aware of. You'd think then they would have released the bad news to depress the share price before the TO offer. I guess Mr Patel is a philanthropist who just wants to give us a good exit price before the bad news gets out.
"Time to move on from Shanta... hold and tie up your dough for 6 months or sell"
I think anyone would be mad to sell, even if it was 6 months (which is unlikely). Whilst it's likely we will be taken out of 13.65p, how you going to feel if a higher bid were to materialise. Not good.
So hold for an annualised 11.6% or find a stock that guarantees a better return. Any suggestions DLT?