Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Score - you're in good company, I would say almost 100% of holders are under water by various degrees. Only winners are the Bods who keep milking the company's coffers, promise so much, but deliver nothing when it comes to share price appreciation all the while keeping their personal funds well away from this company. Good luck with your next punt.
Well last weeks move seem again to have been orchestra by the MM to suck in more buyers. Maybe we should organise ourselves and corner the market, with over 50% of shares in private hands wouldn't take much to give the shorters a bloody nose, who knows if the bods might get a kicking.
CJ39 - I've been a sceptic of this share probably as long as Radar. The main negatives for me is that the BODs have no skin in the game, and I can't shake the feeling it's one elaborate gravey train for their personal gain at the detriment of the shareholders. I'm also prepared to take a punt, if Kight is willing to buy a 12% stake in the company, and 50% of the free float is held in private hands this could well have some potential. Sadly your odds of success are way to optimistic in my opinion, the market average for success with these types of companies is probably nearer to 100 to 1. I also have a holding but mine is more reflective of my odds of success. I'm hoping Evgen does succeed and that we are all winners to various degrees, rather than all being losers and Radar constantly reminding us of it.
Hopefully someone is in the know and this could be the start of a substantial leg up. Alternatively the MM could be moving this up to entice some unsuspecting punters to part with more of their money and this could be another false dawn.
Personally I'm in the later camp, but will be more than happy if proved wrong.
Obviously with all the turmoil with the Americans it is a little hard to call the bottom but with the likelihood of a further 0.25 % increase coming next week their free money in the form of higher returns on surplus cash can only increase. NatWest were basing rates a 4.00 % the reality will be closer to 4.75 or even 5.00%. This will result in far higher profits and inturn higher dividend payouts. My view is if you can keep your nerve you should be handsomely rewarded, but I could well be wrong so please do your own research.
I really hope you're right niss, but my gut tells me it's likely to be the usual RNS, "Surprised and disappointed with the results". Hopefully they announce the commencement or royalty payments from Juvenescence to soften the blow.
I do find this also a little concerning, when they first announced this back in September 2020, they stated that the payments would start around the 4th quarter of 2022. The RNS of the time seems to have been amended so as to not include this.
I do feel we are all being duped into keeping the gravy train chugging along for the bods, still Kight seems content with his massive holding so I shouldn't really be moaning with my meagre holding. Rant over, fingers crossed for positive news.
Rishab - No disrespect but if you're having to ask these questions and are not able to find the answers under your own volition you clearly are not doing any of your own research and should possibly stick to managed funds. You get a lot of strong views on these sites mainly based on peoples positions, if you just go with what you read you could well come a cropper.
Uktonto - Agree, they sold off last time when they announced lower margin. Some state the 11bn outflow as the reason, I personally feel that both Barclays and Lloyds would have been hammered which is not the case. Still a massive gap to around £2.72 needs filling, as well as 2.89 and £3.01. they'll be up sooner rather than later but I am surprised with the sell off
Sell off due the First Republic sell off, banks are an integral part of the economy and never in a million years would the let this spread. We as tax payers will always end up bailing out these unscrupulous players. Nothing will change while the only repercussions for failure is a slapped wrist and they get to keep all their personal wealth and pension entitlements.
Back to NatWest, headline grabbing first quarter profits due to be announced on Friday.
Suthy - funny you should say that, I woke up this morning with that feeling as well. Expecting the usual RNS at how surprised and disappointed they are with the results, still I've only got a small holding, downside will probably close the gap to 2.85p, upside is pretty much unlimited if I'm wrong, let's hope I'm wrong
Dsflat - "that are known to take significant stakes with long-term holding strategies is of course a priority"
One would hope they are currently in negotiations hence the Bods not able to buy in. What's really exciting is that with such a limited free float (50% in the hands of the top holders) any new investor with a reasonable investment would have quite a big impact on the share price. This has added a glimmer of light in an otherwise dull environment.
Throw into the mix all the dividends current and future they've had to / will have to pay out its hardly been a profitable deal. I wouldn't worry too much, they've clearly made a bad call and are now throwing good money after bad. Their only salvation now is to cut their losses and go long.
I don't think the gold price was ever an issue for Poly, its the risk of losing its London listing that's the ongoing concern.
All the jobs Glen Clack is holding (works part time at 3 companies as well as being a University lecturer) surprised he hasn't any spare funds to invest in Evgen. Still the real aim here is to string things out for as long as possible while all the while promising the earth. Just surprised no one asked the usual why aren't the bods buying questions, may well have done but choose to ignore it.
You'd think that with the numbers of deaths and suffering they'd be fast tracking this but it seems to meander along with not sense of urgency. A cynic and the market going by the share price just don't think this will ever come to fruition. On paper it looks amazing, but the company has always promised so much and delivered virtually nothing hence the steady decline in its share price since it listed. There should be some further news soon to justify why the bods aren't aggressively filling their boots with shares, the longer we wait the more I feel we are all being duped so as to keep the gravy train rolling along for as long as possible. I truly hope I'm wrong though, because if it does deliver, this will go stratospheric.
Another gap has formed to 2.8970 and the existing one to 3.01. Gaps are always filled.
I usually take Citi analysis with a pinch of salt but here is their latest on UK banks
Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
It noted that the banks all provided 2023 net interest margin outlooks that disappointed versus consensus expectations, mainly due to an assumed increase in deposit betas on higher customer switching.
"Our Deep Dive analysis on deposit migration and pricing suggests NIM guidance for Lloyds & NatWest is overly conservative, whereas Barclays looks more ambitious," it said.
Citi said its 2023 adjusted pre-tax profit forecasts for NatWest are 17% above consensus, Lloyds 7% above, Virgin Money 4% above and Barclays 2% above.
Banking shares were sharply lower on Friday, having taken their cue from a sector selloff on Wall Street, which was triggered after tech-focused bank SVB Financial announced plans to raise more than $2bn in capital to help offset losses on bond sales.