Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
If it’s codswollop acechaser give me an example of their own risk purchase??? Shaun bought a tiny amount in one of the placings because he was obliged to do so, and has done nothing since. The other new directors have bought nothing.
No value indeed but what have they lost - nothing as they don’t have to exercise them until there is a profit. If the SP doesn’t reach the exercise price before they expire it costs them nothing. My point is that they are taking zero risk and showing no commitment to the company with their own money
What I dislike most and have said so many times, is that the Directors have shown absolutely zero willingness to buy shares at any price and simply draw a big salary and take options. This is a disgrace and shows very poor leadership and confidence despite all the hype (accurate as it is) about the fundamentals. This is AIM and such purchases make a big difference when they occur (Gervais knew that) yet this mob hide behind the closed period excuse. Absolutely no way this has been and still is a closed period for years without any gap to act!
this ****e keeps happening every rns. in this case he should have bloody waited until after mre as it added sweet fa for shareholders. sd is an accountant and doesn’t even understand how aim works. all we bloody need now is another delay to mre and we will be back to the lows. this really does stink and yet everytime i ask myself why are the shares on loan so high, i stupidly convince myself they can’t really believe this will keep falling/failing so all will be ok!
We all wanted an unequivocal statement yesterday, but he again caveated due to the need for other sign-offs. Presumably his meeting this week with Newmont is to get that, but if they want changes we are stuffed - again! My worry is that the shares on loan are still not reducing significantly and so JPM or others still believe it isn’t time to cash out fully yet. Sadly (and perhaps on an informed basis) they have been right most times so far. Hang on tight and let’s all hope for a full whiplash release of this SP
The thing that interested me re AGM was Shaun’s highlighting of the NW trend through Scallwag BEFORE later mentioning ‘Scallywag results due out next week or week after’. Maybe it’s wishful thinking, but he does seem very positive about the NW trend and a likelihood of a hit in Scallywag
It is amazing that after years of this that ppl don’t understand a UT and trades thereafter. The market will open tomorrow at 10.2 - 10.5 and ignore the end of game trades, many of which are likely late reported and what drove the increase on the day.
Australian Times Article
https://www.theaustralian.com.au/topics/newcrest
Best decision ever and one which Wyloo probably insisted on, in order to protect their investment. Shorts were waiting for a listing with placement and would have destroyed us. Now only positive news possible for next 6 months so why would they hang around???
There were two big disappointments for me in this interview. Firstly that MRE will likely come after ASX listing and secondly despite being done over by NCM again, he is saying that his own MRE will be externally peer reviewed and then offered to NCM to peer review! Why oh why would you cow tow to a company that you will soon have no relationship with and who will probably sit on it to extend delays?