focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Why buy today and go through averaging down calculations by taking up your rights, when in a few weeks you can fill your boots at close to 35-50p post ri? Read the RNS, do the math.
Let the pump and dump crew have their fun until then - bottomfished at 100p, 30% pumped profit today - DUMP begins!. There is no fundamental sense in the rise until after the rights issue is completed.
https://news.sky.com/story/satellite-group-avanti-takes-flight-with-550m-debt-overhaul-11168366
Rejected.
Nice writeup with 85p target price post Brexit vote to remain. http://www.investorschronicle.co.uk/2016/05/12/comment/simon-thompson/a-bumper-performance-QB0M2E9dpRv4QalLUNTusN/article.html
Assuming there is no fundamental worsening in its business then it certainly looks oversold. At 40p it's trading at a 20% discount to NAV and on a yield of 12.5% - even a 25% cut in dividend would still make it an income buy with potential for capital appreciation.
Must be an ii offloading their stake for whatever reason. Has all the hallmarks of an overhang in a usually illiquid share with pi's joining in. Drop has been going on for weeks with recent downward spikes - one only hopes they are coming to the end of their offload and put out an RNS. The alternative explanations are uncomfortable to contemplate for a long term holder.
at 7.25p, to spread bet position. Oversold given imminent news.
http://seekingalpha.com/article/3278835-gem-diamonds-the-cheapest-way-to-play-diamond-mining Good article.
@7.8p - showing as a sell!. Wonder what this divest strategy entails - a sale or spin off an ipo - either way, realising the value of the asset should re-rate the share price. Hope the results are good. Is there still a big seller in the background?
Same here. Available on IG to spread bet, long only, again.
That took some time to read! Not the biggest open offer for existing shareholders, given the level of dilution but at least we're funded and that's what matters. What do people think about part 10 - other existing arrangements with Astor and possible legal proceedings in the future? Anything to worry about?
I agree, definite sells. A lot of people got sucked in by the special dividend, which in hindsight seems like an obvious ploy. So much about this company in hindsight is a red flag but at the time is seemed like a screaming buy! IC didn't help. Its very difficult to do any research on it. Google is useless. Tried in the past to search via baidu.com and google translate and managed to work out that jqw.com is also known as the kimcheon network in china, which then opens up further avenues of investigation. For a likely fraud it has a surprising amount of web presence compared to something like naibu, with quotes in chinese articles from the chairman etc on the B2B future etc and different articles appeared to back up the metrics they report in their RNS's. However, the one thing none of can confirm is whether the cash is real and that is what ultimately makes or breaks the investment case. Now, given the relentless drop, it looks as dodgy as every other chinese company on AIM. Why would early investors sell so aggressively at such a low price? Where is the iPhone app? Auditors, nomad, company setup...the speed with which this share price has collapsed is truly astonishing.
Foxtons has made up to 60 of its agents redundant after a sudden downturn in the London property market that caused the estate agent’s annual profit to fall. The London-based agent hired extra staff early last year expecting the frenzied property market to continue. But an abrupt slowdown in the second half prompted it to cut between 50 and 60 jobs – representing up to 7% of its workforce – towards the end of the year. Foxtons’ chief executive, Nic Budden, told industry analysts: “We saw very significant activity in the market during the first half of 2014. We had already used up excess capacity in the business in 2013. We began to recruit for what we thought was a longer term uplift and as the downturn came we were a little bit overstaffed and we reduced that overstaffing.” The job losses may not draw that much sympathy from buyers and sellers of houses in London. Foxtons’ sharp-suited agents are known for their aggressive sales tactics, high commissions and for driving round in liveried Minis. Foxtons employees are encouraged to live on their wits and have little security from the outset. When a new agent is hired, they are given the use of a boldly painted Foxtons Mini and can choose to earn a £10,000 salary – less than the minimum wage – plus 10% commission or a £17,500 salary plus 5% commission. The group’s earnings before interest, tax, debt and exceptional items fell by 6.9% to £46.2m in the year ending 31 December. The figure, Foxtons’ preferred measure, was roughly in line with analysts’ average forecasts. Pre-tax profit rose 8.2% to £42.1m. Foxtons blamed much of the market slowdown on wariness among buyers and sellers created by the approaching general election. Budden said: “We see the sales market remaining somewhat constrained until at least after the general election and even then we will need some certainty and clarity in the market before we can predict with any level of certainty where volumes are likely to move in the market.” Advertisement Foxtons is warier about prospects for the property market this year than its rival, Countrywide, which said late last month it expected some sluggishness until the election. Labour has proposed a mansion tax and there is general pressure to find new ways to tax property because rich people cannot move their houses to avoid the taxman. With the polls tight and another coalition government a possibility, Foxtons thinks it may take longer for buyers and sellers to feel confident about government policy. Budden warned that even an immediate boost to the market following May’s election would take until the final quarter of the year to turn into revenue. Business at Foxtons boomed after it floated on the stock market in 2013 as the property market took off after years in the doldrums. But the company warned in October that annual earnings would be well bel
The giddying swings of London’s housing market will be fully in evidence when estate agent Foxtons reports its full-year results. The agent is best-known for trying to gentrify scruffier parts of the capital, its Mini Coopers and the bars inside its branches. It went public to great fanfare in late 2013 as the market was booming but in the past six months has seen its performance slide as London is now acting as a drag on UK house prices. Foxtons saw its fourth-quarter sales commissions drop by 26 per cent, it announced in January. Its shares are being shorted by hedge funds which have taken a negative view on the prospects for the London market. Foxtons’ pre-IPO private equity owner BC Partners cashed out of a substantial proportion of its remaining stake over the course of last year, before the market decline began to bite. Its share price is around 10 per cent below its IPO price of 230p a share, as investors anticipate further bad news this week. Kate Allen EARNINGS Foxtons FY 12.00p (13.30p)