Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Russian President Vladimir Putin pointed out on Thursday that his country, contrary to the belief of some, is not a "fuel pump" as raw materials production brought only 2% of the nation's recent economic growth.
Despite the difficulties they are facing, Russian companies are "going through this crisis successfully," he underscored at a VTB-organized forum in Moscow. Russia wants its market to be "open and competitive," it is not closing and pushing foreign business out and is grateful to those who are staying, Putin also said. Working in and with Russia has always been profitable and the number of foreign companies has increased for the first time since March 2022, according to the Russian president.
Real wages rose 7%, which is important regarding economic development, he specified, while also claiming that Russian commercial banks are resilient as they issued historic amounts of loans. He also ruled out a potential mortgage crisis.
Mothballed pending possible sale.
This shower can’t even sell a pile of sand.
Need to get rid of surplus directors or they take pay cuts. They only have one job now, not an operating company anymore, merely holding an asset with a sale sign.
At least there are people at the mythical table. RU and HK, don’t think that’s ever been confirmed before.
Still holding with hope, but beginning to think my investment is fckd.
I think getting JB's wife involved and his brother who joined earlier this year is a good thing. I certainly wouldn't involve my wife in a business if I thought it wasn't going to work, can you imagine the consequences? I think this merger and onboarding of Mrs Bai shows confidence for a positive future.
The sky is the limit in neobanking.
Any negotiation on a frozen conflict would include accelerating Ukraine joining NATO. That would be the only way to make sure that the borders once negotiated would remain static. Check mate Vlads.
White House Office of Management and Budget (OMB) Director Shalanda Young (pictured) warned on Monday that the funds for the United States to provide Ukraine with military equipment will run out before the end of the year.
In a letter she sent to House Speaker Mike Johnson, which was published by the White House, Young insisted that "[c]utting off the flow of US weapons and equipment will kneecap Ukraine on the battlefield, not only putting at risk the gains Ukraine has made, but increasing the likelihood of Russian military victories."
Young reiterated the necessity of helping Ukraine and not allowing Russia to win to avoid a "larger conflict in the region that could involve NATO [North Atlantic Treaty Organization] and put US forces in harm's way." Therefore, she urged Johnson and the House to act and agree on a new bill that would keep the aid for Ukraine going on.
https://www.teletrader.com/wh-funds-for-ukraine-to-run-out-before-2023-s-end/news/details/61085451?internal=1
This may now be approaching a frozen conflict where negotiation may be the only way forward for both sides imo.
30th March 2023
Fatt Garies 183,387,081 11.31%
Teo Raphael 145,800,000 8.99%
As of 14th Nov 2023
Fatt Garies 153,387,081 8.27%
Teo Raphael 102,950,000 5.55%
As of 1st December 2023:
Fatt Garies 151,387,081 8.16%
Teo Raphael 96,950,000 5.23%
OK, now we know the two Ex-directors are slowly selling. I do not think this is a bad thing and they may be redeploying as others have mentioned or need the funds for their lifestyles. They may not be fully up to date with the details of what GST will become or perhaps don't have any interest in the field.
I'd be surprised if they don't hold onto some, perhaps when they drop under 5% they will stop selling. And when they do I think the SP may rally.
GLA.
Boycey, I clearly stated that Raphael had bought EMS for 60m shares. So not sure why you think I'm not much of a PI (Private Investor)
"Raphael Tao paid 60m shares to GST for EMS 5/10/22 (reducing holding from March 2021 to 147m)"
The point I am making is that if they sold some for income then stopped, It has to be notified as they are holders above 5%. If they are still selling and the level of their holdings fall below 5% (for international holders) then that needs to be notified. If they are still selling and the level is not yet below 5% then they do not need to notify until they stop selling.
At some point the market needs to be notified of these holdings, and my thinking is that the SP is holding steady at these levels is because Tao and Fatt are still selling hence no notification yet. Question is does the SP go up strongly when they have finished and the brakes are off?
It is something I noticed in the recent published holdings versus previous is March and is factual and relevant information to the stock. Those who prefer to just call each other names rather than discuss relevant info have no need to comment.
I believe the shareprice is being held at this level due to Raphael Tao and Fatt Garies selling their shares. Between the pair of them they have sold around 73m shares between March and November this year. As so far there has been no notification of the sells (Due to being over 5% holders as required for non UK holders) then one can assume that they are still in the process of selling. I believe when they have finished selling, the price should be free to go up and hopefully a re-rate to the 3-4p area in anticipation of trading updates.
March 2021 Shareholdings:
Tone Goh*Chairman 43,234,348 3.62%
Jack Bai**Executive Director 124,200,000 10.41%
Shayne Tan Executive Director 5,000,000 0.42%
Raphael Teo Executive Director 207,603,260 17.39% retired from GST on 6 August 2021
Malcolm Groat*Non-executive Director 1,000,000 0.08%
Garies Chong's interest in the share capital of the Company is now 183,387,081 15.37%
Raphael Tao paid 60m shares to GST for EMS 5/10/22 (reducing holding from March 2021 to 147m)
Fatt Garies resigned 15/06/23
30th March 2023
Fatt Garies 183,387,081 11.31%
Teo Raphael 145,800,000 8.99%
Bai Guojin 124,200,000 7.66%
Wise MPay Pte Ltd 100,000,000 6.17%
As of 14th Nov 2023
Fatt Garies 153,387,081 8.27%
Teo Raphael 102,950,000 5.55%
Bai Guojin 124,200,000 6.69%
Noel Ferrin 51,098,000 3%
One assumes Tone Goh, Shayne Tan and Malcolm Groat still hold their shares, Tone will have been diluted to below 3% but would still be notifiable as he is Chairman. If Raphael is still selling then he is close to being under 5% so will need to notify the market even if still selling imo.
Only mentioned it as it happened to me with Debenhams:
https://www.standard.co.uk/business/debenhams-investors-wiped-out-in-prepack-administration-a4113106.html
I theorise that the new BOD may steer HZM into a prepackaged administration, take the debt, staff and assets and start again with full control. Newco owned 100% between Glen, Orion and LaM. Perhaps with a % to a lender who finances the rest of the build. This NEWco would not need to be a PLC and would just be part of the other Co's asset base.
Obviously this theory wont be welcomed by private investors, but I do not see how it benefits the major holders to keep HZM Plc going in its current guise, which I'm genuinely sorry to say as I thought this project would get to production without these massive issues.
Just FYI:
What is the pre-pack administration?
Real Business Rescue
A “pre-pack” is an arrangement under which the sale of all or part of a company's business or assets is negotiated with a purchaser prior to the appointment of the administrator, and the sale contract executed on the appointment of the administrator or very shortly afterwards.
Pre-pack administration involves quickly selling all or parts of a business in severe financial difficulty. The business can be sold to a third party or trade buyer, but the directors of the struggling company are also able to purchase it.
How long does a pre-pack take? A pre-pack administration is a very fast process because negotiations and marketing take place prior to appointing an administrator. The pre-pack sale can take around 4-10 weeks¹ overall, but the timescale depends on the complexity of each business' affairs.
What happens to shareholders in a pre-pack administration?
A Pre-Pack Administration is where the buyer of the business has been agreed before the date of the Administration order. On the date of Administration the business is sold and then the majority of the creditors, shareholders and employees are notified after the event.
The old, insolvent company may be referred to as oldco, and the new company would be newco. A pre-pack administration is a legal method of closing a business. This method is often used by businesses suffering financial hardship.
Indeed the website has been updated:
There are currently 16.34% of total shares not in public hands.
Last updated date: 14 November 2023.
However, when you add up the holders minus nominee accounts, so only directors and Wise pay, the total is 25.9%.