Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Anyone got access to the new (last hour) Premium FT report âKeep taking the vitamins â apparently details the proposed business spin offs âŚthink this has caused the drop today
What a donkey (lonlonuk)
From Hold to Buy
He's looking at 6% on ÂŁ1m+ dividends @ 348.1
Looks like the massive dividend increase the analysts are forecasting is correct!
@ Anything - stock on loan as of end of November was 3.72%
GB00BJ1F4N75
MICRO FOC ORD 10P
13554310.45
363743801.13
3.72%
I saw one order for a volume of over 1,500,000 BUY in the post market auction on the book @ 370 (would have completed @ 361.3 part of the UT)
remember it was triple witching yesterday so volumes massively inflated
The attorney-general has launched an independent review after judges criticised the Serious Fraud Office and quashed the bribery conviction of a former energy executive in a ruling that described prosecutors as being responsible for a âserious failureâ.
Lisa Osofsky, director of fraud agency, faces mounting pressure after the ruling over allegations that she cut âbackroom dealsâ with a âfixerâ involved in the investigation.
Last night Suella Braverman ordered an independent review into the SFOâs handling of the case, saying she was âdeeply concerned about the findings in the judgmentâ.
Ziad Akle, Iraq manager at Unaoil, the Monaco-based consultancy, was found guilty last year on two charges of conspiracy to make corrupt payments in a case that the SFO said involved ÂŁ5 million in bribes paid in Iraq after the fall of Saddam Hussein in 2003. The former executive was sentenced to a five-year jail term.
Yesterday three judges in the Court of Appeal ruled that the fraud office, which investigated and prosecuted the case, had refused to provide Akleâs defence lawyers with crucial documents. The judges said the failure was âparticularly regrettable, given that some of the documents had a clear potential to embarrass the SFO in their prosecution of this caseâ.
The judges declined to order a retrial, but said the ruling did not suggest that any SFO officials âhad deliberately sought to cover anything upâ. They added that the disclosure failings could have resulted from âinnocent errorsâ.
Nonetheless, the ruling from Lord Justice Holroyde, Mr Justice Jeremy Baker and Mr Justice Jay will be seen as another blow to the fraud investigation agency.
Even at the trial where Akle, 46, was convicted, the judge sharply criticised Osofsky, 60, over her contact with an intermediary. Judge Martin Beddoe said that Osofsky had made herself vulnerable to âflatteryâ in contact she had with a US citizen, referred to in the trial only as DT. He is thought to be David Tinsley, a retired US Drug Enforcement Administration agent and founder of a private intelligence agency. He is understood to have worked for three members of the Ahsani family, which founded and ran Unaoil.
In the appeal ruling quashing Akleâs conviction, the judges said that âthe underlying documents illustrate very clearly why it was wholly inappropriate for the SFO to have any dealings with Tinsleyâ.
Joanna Dimmock, Akleâs lawyer, said that the SFO had âundermined the whole justice systemâ. She said the ruling sent âa clear message â the SFO can no longer engage in backroom deals. There is no room in this jurisdiction for justice by fixer.â
Jeremy Summers, a partner at Osborne Clarke, a law firm, said that âthis may well result in increased scrutiny of the SFO and further questions about its long-term futureâ.
An SFO spokeswoman said that agency officials were reviewing the ruling, and added: âOur application for retrial was rejected and we abide by that decision.â
Yea Gord had one of my posts removed
The truth HURTS!
Working from home should significantly boost profits again here
My guess is shorts see an opportunity again (and institutions loaning stock)
SETS Volume is only 170k yet down 5.74%
Technically no support until 292
Try to think 3 to 5 years investment and Im still adamant it will triple from here in that time frame
30-11-2021 07:34
Nov 30 (Reuters) â Micro Focus International on Tuesday laid out a target to end 2023 with flat or slight revenue growth, compared with a provisional 5% decline this year, as the British software firm reaps the benefits of a turnaround plan it launched last year.
"We have robust, granular plans for the next 2 years that give us confidence to achieve our core financial objectives as we exit FY23, and a strong foundation from which to execute thereafter," Chief Financial Officer Matt Ashley said.
He doesnt always get it right you know..no one does
Novice what the FCA reports are disclosed net short positions. Useless really
What Im taking about is stock onloan between financial institutions..still shorting as they borrow -> sell -> buy back but invisible to FCA reporting
this has 2.47% of stock on loan, which is significant (as of End Of Oct)
They've got to buy back that borrowed stock at some point and the pressure is now on IMHO
Dirty Shorters last stand???
Thu, 25th Nov 2021 10:52Alliance News
(Alliance News) - PayPoint PLC on Thursday raised its interim dividend after a surging first half trading performance which saw healthy revenue growth and profit more than double.
Pretax profit in the six months ended September 30 jumped to GBP54.8 million from GBP20.6 million a year before. Revenue rose 16% annually to GBP70.2 million from GBP60.7 million.
Growth was ascribed to a "proactive recovery" from the prior year impacts of Covid-19, a positive contribution from the Handepay/Merchant Rentals card payments businesses and supported by the acquisitions of i-movo and RSM 2000.
Shares in the Hertfordshire, England-based payment services provider were down 2.1% at 636.40 pence in London on Thursday morning.
On the back of the strong trading performance, PayPoint hiked its interim dividend to 17.0p from 15.6p a year ago.
"The group has continued to perform well in the first half of the year, with further progress made on the numerous growth opportunities across our expanded business," commented Chief Executive Nick Wiles.
"We have delivered this positive performance against the backdrop of continued uncertainty in our energy markets and its impact on our clients, as well as responding in a number of areas of the business to the impact of changing consumer behaviours as Covid-19 restrictions have eased."
Looking ahead, PayPoint said there will be a higher level of uncertainty as to the outlook for the second half of the year, with the dislocation in energy markets and its impact on energy clients expected to continue.
Yes 9% divi increase aint bad
Dont forget there is 2.47% of this stock on loan so if/when they gets bought back to replace this will fly
Currently 3.08% up @ 670 iin pre market auction but very quiet
Looking very good
Profit up 165%. Net Revenue up 15.6% operating margin up 20.9% Profit up 30%
Sorted at last
This will fly as those who borrowed stock need to buy back to replace that which they sold
Credit to GerardP for sharing this
"Below is definitely worth reading - good insight from Management in Italy and probably the most in depth article concerning Micro Focus for a while. Management look like they mean business (Murdoch take note) and apparently 50 billion euros up for grabs for Government digital transformation projects.
Micro Focus, creator of the transformation
hTtps://www.datamanager.it/2021/11/micro-focus-artefice-della-trasformazione/