Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
probably still standing behind the fence ... slightly gutted and surprisingly concerned about Trump losing popularity because of increasong gas prices... ...Not that anyone on here ever cared about the yankee consumer...
...lol
Welcome to Africa... http://www.businessinsider.com/south-africa-cyril-ramaphosa-wants-to-confiscate-white-farmers-land-2018-2?IR=T
This rationale is too superficial and has been counterproductive ever since the PSD sales to S&G if not from RT days... will need a more focused one backed with tangible evidence to get this moving... otherwise the cash burn will drag this closer to a single digit SP. Indro came in to restructure the company to make it more attractive to sell the different parts... this has been partly achieved but unfortunately the businesses are being sold for £1 or at significantly lower prices than their purchase price. Here's the Indro's main objective as per RNS issues on 21/03/2016 : "The Plan is a cash-based incentive and retention scheme that will only be triggered upon value-crystallising events (including, inter alia, a takeover of the Group or disposals of individual divisions) in excess of base values." There has never been any plan and not enough cash to revitalize these businesses... the on-going cash burn confirms this. PS: legal issues from Canadian clients and S&G are hardly background noise... they've been on the forefront of the company's demise... I wouldn't underestimate them...
What's the rationale for still holding this stock?
lol
... or frustration when you realise things won't end up as planned...
This reply reminds me of when I was 12, overly emotional and thought that the world revolved around me... funny, when in my teenage years...
yea retail investors hoping for a dream... only a massive buy at these levels from an Institutional investor could indicate a hope for a counter offer... anything else is wishful thinking...
...turns out its only stew boilin...
...
2% gain in a month or 2 for a hedge is really attractive ... pretty much equivalent to 6-12% return per annum... and transaction cost are very low.. no wonder they're Oddo are in at this stage ... Though i would be very happy with a counter offer i wouldn't hold my breath... ODDO's investment for a 2% quick gain is more than satisfactory as it is... these types of late buys post m&a announcement are very common, latest one i remember happened with linkedIn,
It would be a waste of time ...
Give it a rest... IBM ain't no charity...
No BoD member has any skin in the game to have any motivation to fight for the higher price some of the poster on here are asking for. If IBM had any interest they would've snapped Moni for much higher long ago... do you really think IBM had no idea about the FIS interest and bid before the official release and had IBM been genuinely interested do you think the BoD would have let this go for 2.9p only? It is now proven obvious by the insider that Moni would not be able to make it on its own... if the deal doesn't go through, chances are it might be snapped up at a cheaper price later in with a huge possibility of running out cash... The ones who matter the most (buyers and insiders) do not believe in the business, there is no reason for you to do ... had any other Group been interested in the company they would have replaced FIS in todays RNS. unfortunately rebelling just coz someone owns a few million shares (out of 2.3 billion btw) will not make much of a difference...
Yes but the point is why overpay when you can get it for cheaper... Most companies go under not because of their asset quality deterioration but because worsening finances... hence attracting opportunistic buyers
At this rate of cash burn and despite very promising Finkit business, it didn't look like Moni would make it to getting contracts signed before running out of cash... Both FIS and Moni Board probably realised it hence the low valuation of the offer.... I believed in Finkit but the cash burn was too fast and weakened Monis' leverage in any negotiation...
VH ... lol
I've been looking for an entry point for months now, this looks like a great opportunity. The update did sound worrying but it is worth noting that the assurance business is just one division of NCCs complex business model. From what I understand, the margin erosion is significant relative to the assurance division and should not affect margins at the group level as much. However, will need more clarity on how this affects the performance at a Group level to bring on stability ot the share price. Having said that, no matter how significant the margin erosion within that specific division is, the 35%+ slump looks overdone. I'm not expecting the company to recover from the loss of income related to the losses of contracts anytime soon, but the hit it took should not be as significant as first thought. As mayfeild pointed out this is a good company in the right industry... This setback should not be impacting the Groups growth and acquisition strategy. Also worth noting that the slow progress in areas such a FoxIT is very common in this industry as integrating sensitive government data within the Group is a delicate process; should be taken as a positive. Just bought in a small position today, whilst expecting more volatility until things are clarified. Shall be adding on the way up or down to build a more sizeable position.
I wonder if friends of RT are still friends with RT...