RE: Announcement of the 5% Valuation24 Jun 2022 20:18
I'm not sure any 'valuation' will be announced - it may be the case we hear either a purchase is happening at price X, or we hear NCM have chosen not to take their option. Either way, and whatever price, the sooner it's done and dusted the better! As most know it's a legacy of the NCM buy-in, so any view on what's fair or not pricewise needs to be put into that context, and clearly it's best for everyone when put behind us.
Tymers - I don't really come here for opinion - more to pick up on any news/insights I might have missed (and occasionally feel the need to challenge the derampers using dodgy 'facts' like BiggL). I think it's a shame that the board is going to be split (again), but understand why.
Whilst this LSExit stuff is great, and I can fully understand the rationale behind it etc. + appreciate there is a bit of anger/annoyance about having to do it to get away from all the bad stuff here that has been flagged - we've all heard it now and it's becoming a bit ironic that people are taking to this board to say they are leaving this board. I appreciate the irony that I'm engaging on it now...but probably enough already? It's not long until 26th.
Shorts buying back would provide volume - question is, at what point do they make the call that sentiment is strong enough to make going more/staying short is higher risk than taking profits. I think news on funding is key to sentiment and hoping for some confirmation we have what we need in place soon. Obviously the 5% may impact funding needs but I'm sure GGP working on term sheets/lending facilities with enough flexibility in case it doesn't happen.
Zoros - whilst SD may not be 'responsible' for the share price, he is responsible for the interests of shareholders and, therefore, managing the share price, through good times and bad is a fundamental responsibility of a CEO. So as long as we are comfortable he's managing things the right way, making the right calls, working to suitable time horizons etc. with shareholders interests in mind, then all is well. I appreciate others disagree but my view is that GGP marketing to investors is mediocre at best. I do though think the outcome will ultimately be a good one (and the key is getting suitable financing lined up - I believe GGP when they say they are close to getting that lined up).
Outside bid Aqua? From whom? Wouldn't they be in exactly the same position as GGP, but -£500+ million cash/debt from the acquisition? Now - would that make sense from an investment perspective...they would have to think so, and most lth's would think so...so why would GGP shareholders sell?
Doublehun - would they though? Surely ignoring the asset value would be contrary to any sellers perspective? Anyway...I guess we will see what happens come Monday and hopefully GGP Mgmt see Monday morning OZ time as a good opportunity to draft something up and put something reassuring out to the shareholders...
Knocky - I tend to disagree - the scale of the discovery keeps increasing. We own 30% of it. The machinations of the SP, painful as they are to live through, don't impact the asset value. I personally can't see GGP getting steamrollered off the asset (barring a full company takeover - which would of course be at a big premium to current SP).
Everyonesa...we won't know until next week but you'd have to think that at least some of the short volume, if not a big chunk, must have closed out against the big sells today? If not then at least it shows there's regular demand out there for big volume even if at £400 Vs £500 million market cap...
Ruprah - I agree. As long as the mine development is progressing, which it is, and GGP can sort their funding out, which I think they will, it would be a strange decision to sell out before things come to fruition...unless as you say personal financial circumstances force your hand or hands are forced by corporate action/s.
RE: WTF just happened to the share price?13 Jun 2022 00:54
In the context of GGP share price performance/potential, I think you may be overthinking this...it seems generally agreed a storm is coming, but I think GGP has potential to do well whichever way the global economy twists over the next couple of years. So whatever your economics, I think the fundamentals here are sound, whereas broader markets e.g., FTSE 100 may actually be higher risk.
Moneytaker - how do you do out of the market? Do you mean holding cash or something else? I tend to agree there's likely a big downturn coming - I think within 6 months...but not sure how best to position for that with inflation where it is....GGP shouldn't be too impacted by overall market moves I think, especially as it sounds likely our funding for next phase is lined up/nearly there...