Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Unfortunately no surprise here, but I dot think this failure is all bad news. Possibility of a better bid , even from a fresh bidder is def possible, and it will be nearer the 132p-135p that we all know the business is worth . Hold tight!!
Bye bye, no doubt IMO they took one look at the final salary pension benefits of the Vardy/ CD Bramall defined benefit schemes and realised the huge financial commitment involved. I can almost hear the sighs of relief in Loxley house that Finn is not returning
You say lookers aren’t bothered about a takeover.
It doesn’t work like that. If anyone was to make an offer that the BOD deem fair they have a legal obligation to recommend that to the shareholders
Before we get over excited over the NAV here we must heed some caution. The vast majority of the NAV is based on property. That property value will be based on historical valuations, the world has now changed . All of the portfolio will have fallen in value, and some of the properties will be very difficult to sell. Would not be surprised if the current value of the portfolio is now worth 60% of the quoted figure everyone is shouting about. Hence, unfortunately a price bid of 65p-70p might get it .
I see Mr Bramall has purchased a significant amount of shares. He knows the company very well and he knows the industry very well, I’m just interested in what he knows that i don’t !
Well said Hoppo, it’s unlikely to go down the TUBES with MH at the helm
The share price has been undervalued for somewhile imho. Good yield and a solid business that is well funded. You only have to visit a GK pub to see the offering is fair value and is attracting people who want to spend money on small ticket experiences rather than cars houses etc. Plenty more to come with this share and this sector
Shares in Pendragon closed 1.3% up on Wednesday (January 23) after Swedish investment company Anders Hedin Invest bought a 9.24% share in the AM100’s former number one retail group.
Combined with shares acquired by the firm’s owner, Anders Hedin, the Swedish business now holds a 9.35% share of Pendragon.
Shares in Pendragon closed up 1.3% at 23.80p on Wednesday following the move which came just a week after European investment firm Teleios Capital Partners increased its share in Pendragon from 17% to more than 21%.
The developments follow Pendragon chief executive Trevor Finn’s announcement in December that he would officially retire from the business at the end of March 2019.
News of Finn’s departure came within weeks of an announcement that Tim Holden will also be standing down officially, from his role as finance director, in March.
Holden will be succeeded by Mark Willis.
Speculation in the City suggests that a play for ownership of Pendragon may be about to unfold.
Come on all, wakey wakey, CFO resigns “to persue other interests, and then the CEO resigns with no real reason. Do they know what’s coming?
I think some of us look to deep at GNK, Let’s remember they are quenching thirsts and filling bellies. Just had the Royal wedding, many pubs took record takings, of all time. Current heat wave, World Cup on the way. Generating a stash of cash here . 6.00 by the end of June
See some dissatisfaction with the share price today on this thread. Always happens when good results come out,how many times do we have to remind investors its already factored in before the RNS!! People talk and get in early, hence the lift on Monday and Tuesday. That aside its a positive platform for price stability before the next rise when we see more cash generation, more acquisitions, and the welcome increase in dividends. Cracking business run with integrity, I should know as I worked for them at a senior level. Hold on tight, 165 by end of October at least.
To buy Jardine Motor Group out would be very difficult, it sits within the huge international conglomerate that is Jardine Matheson holdings, worth a few billion, so a hostile takeover of the JMG is virtually impossible. Sale would only happen if the board of Jardine Matheson choose to sell, and I doubt that would happen as they certainly dont need the cash and Sir Henry Keswick, Chairman likes the comfort of his own "garages" around the country!!