Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Maybe the results at the end of the month could be a mirror opposite to the fiasco of the last set.
In addition, there seems to be a lot of RNS coming out recently. Seem keen to reverse the downward spiral which is a massive positive. I'm probably getting carried away, could they be trying to talk up the price so they can get a better buyout price???
Sooo much promise and none of it reflected in the share price. AIM is definitely the wild west of investing, and should carry a health warning.
I was reading an article yesterday where the FCA is prosecuting so C list celebraties for promoting CFD contracts. Apparently 80% of participants lose money. Surely the AIM market is not that far off
It's starting to sadly look like a prime example of a lifestyle company with a big mix of nepotism thrown in. The only saving grace is that the bods are feeling the pain as much as the PI, but sadly unlike the bods our monthly pay isn't softening the blow. Back to hope
small snippet from ft article
losses
there are good reasons why you might prefer to ignore them — benign neglect has its benefits as an investment style. it may be that you harbour a nagging fear that they will shoot up the moment you sell them. or you could favour the “sunk cost” excuse that they have lost so much that things could hardly get worse. bitter experience has taught me they can. a share that has halved can easily halve again.
some investors cannot accept their failures and instead double down on them. this is so common among professional investors that we have a phrase for it: “averaging down” — buying more shares at a lower price and so reducing the average price you have paid for your holding.
the above is soooo true.
we are definitely all in the hope camp with this one. i still believe they have a promising product so will hold out, then again with my previous track record i'd be the one still sipping ****tails on the titanic thinking this will never sink
Decided to top up a little here, like most on here I'm well down so a little more won't make much difference. Has brought my average right down though. Fingers crossed as it could turn around overnight, but I'm prepared for the whole thing to be wiped out.
Well it's looking more like a dog every day.
The bods are either working on some super deal in the background hence the title or this could be another Aim disaster. Logic would suggest there should be suitors trying to break down the door at this price, if this doesn't materialise we are sadly looking at a death spiral and a prime example why PI should stay well away from Aim
I don't think it will happen to be honest unless Labour decided to run with it. How long can an unelected PM who's party has been decimated at the local election legitimately hang on to power. Just makes a mockery of our constitution.
NatWest has recently passed a resolution allowing it to buy more shares off the government, that would be the best outcome for existing shareholders.
Putting aside our views on the bods, we should get a clear idea in the next few months if this a complete dog as the market is implying or there is some transformative news around the corner that will propel these into the stratosphere.
I'd been waiting for the 3.01 gap to close and ended up cashing out at 3.06, still have another £947 coming in at the end of the month via the dividend.
I'd be over the moon just to come out flat at this stage. But a hammer seems to have formed on the candle sticks today which is bullish. I know I'm being over optimistic but there is a gap at 56p stretching back to July 2021 that needs filling.
Still it feels like a rally could happen, who knows they may come out with positive news tomorrow and the CEO sins will all be forgiven. Then again
Does it really matter 404, we are only talking about 30k worth of shares. Focus on the bigger picture, the bods own around 12.9% of the company which in my eyes speaks volumes.
At least they have skin in the game compared to other AIM directors. Patience my friend, this will come good in the end.
In summary it's a massive opportunity for OBD's new technology, they just need to pull their finger out so that their salaries correspond to the value they give to their shareholders.
What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places.
It is also worrying politicians such as US President Joe Biden, against a backdrop of a high level of voter discontent about the economy. Investors are uneasy too. This week the gold price hit record highs, amid a search for inflation hedges.
This is, in turn, prompting some classic policy responses: on the one hand, the Federal Reserve is pledging to keep rates high to curb demand; on the other, Biden is lashing out against big business for alleged “price gouging” and/or deceptive practices such as “shrinkflation”, or selling fewer goods for the same price.
Cue a recent bizarre spat about the size of a Snickers bar. Biden suggested in his State of the Union speech that these have shrunk; Mars, the maker of Snickers, denies that.
This war of words makes for colourful debate. But as the Fed’s headache deepens, there is a far better way to frame the issue — by invoking what economists call “shrouding”. The term refers to the way prices are presented to, and concealed from, consumers, and has been widely studied by behavioural economists.
Back in the 1980s, for example, the late Daniel Kahneman worked with Amos Tversky to explore “price partitioning”, or how companies sometimes price products in multiple steps, making it hard for consumers to evaluate costs in a “rational” manner.
Hotel rooms are one example from the service sector: a low initial charge might carry subsequent high additional fees. Printers are another: a cheap printing device might require expensive ink cartridges, the cost of which are not readily visible upfront. Shipping costs are yet another example.
A cynic might shrug at this, and argue that it is just sensible behaviour on the part of profit-seeking companies. Maybe so. Consultants such as Deloitte have offered advice to their clients in recent years about how far companies can use shrouding to raise margins, without sparking a consumer backlash. But the mere fact that shrouding still exists in 2024, four decades after Kahneman and others began studying it, underscores three important points.
First, business competition does not always deliver true efficiency; markets can fail. Second, this market failure arises because consumers are not the all-knowing rational agents that they appear in economic models. They have cognitive biases that lead them to make poor choices and leave them ill-equipped to make judgments about inflation.
And third, digitisation alone does not magically fix these competition problems. Yes, it can create more price transparency in some arenas, such as airline tickets.
You're probably all aware of this already, but for those who aren't
109,552,235 new shares were issued raising approximately £9,859,700
Previous share issue stood at 202,303,415 and now following a 54.1% dilution we have 311,855,650 shares in issue.
The bods own 40,294,075 representing 12.92% of the company.
Depending on the election date, Labour could well abandon any share sale and instead gradually reduce our holding over time.
ANDYmd - the yield on that is currently around 14%, did you know you could transfer to an ISA within 90 days. Hopefully you also contributed to 1.87 and more recently 1.44.
Dsflat - I was a little confused with your comment, the cash runway was previously end of 2024, how have you now got to 2026. Please correct me if I'm wrong but aren't they spending all the funds raised on the acquisition.