Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Whilst a different sector, it does remind me of what's happened/happening at Lamprell. So my instinct tells me there's more bad news to come as new people come in and start inspecting the pipeline of deals and profitability further. The bogey here is whether today's announcement, and no doubting its truth, whether indeed helps prepare the market for a lesser than originally anticipated bid from Carlyle. If this scenario comes off then perhaps a bid of £3.30 to £3.50. Anyone agree/disagree?
i'd agree with the put on file commentary but given a legal firm is now presiding it still comes to their opinion of the strengtg or ortherwise of the evidence - if deemed strong enough, waht do the board do with that? Separately does Nat start down the litigation route regardless of the legal firm's opinion, which as an ex-director becomes an option as he's no longer carry a conflict of interest (assuming the majority of the board had recommended an offer). Then the question becomes the ability for the Berkie's to raise the finance to close out the deal when all this is out there. My sense is there's many more twists and turns in this saga yet and the legal firms appraisal will be decide this until then i think we'll see plenty of volatility.
Def a strange one this. I guess much will depend upon the evidence much unknown to the public as Nat decribes it. Now that he's an 'ordinary' shareholder what are his options? Perhaps there's a price at which he does become more confortable to walk away quietly with dignity and a greater part of his fortune in tact. be interesting to see how the market reacts tomorrow. At one level an obstacle is removed from the negotiating table for the offer to be 'recommened' but on the other hand he makes some accusations which are hard to put to one side....any thoughts?
With so many questions out there from conflicts of interest tio outright fraud, how could a takeover be allowed to proceed. Surley the FSA or the SFO have to step into this....you could not make this stuff up.
With CWR due to announce how they will be funding themselves by end of Sep combined with the continuing product developments, I wonder whether we'll see a turn for the good for this share. Huge potential if they succeed or even appear to be on the right path.
Genel are cash rich. Anyone believe that they might buy out HOIL's stake in Kurdistan?
Thanks for the transcript. Mention of 'return to growth....', roadshow presentations in April, hiring Goldmans to help organsie debt - these are hugley encouraging signs not those of a management about to hand in the keys to the bank! It's in the banks interest to see this company turned around so would expect that they've endorsed the strategy. There's no guarantees and of course there's risk but the rewards for seeing this turn aorund could be huge IMHO. Today is a further buying opportunity.
There was nothing new in that article whatsoever. Yes mentioned every option was being looked at includinghe sale of the business. got to ask what the point of the article was? Goldman's is not hired to simply do an debt/equity swap. Sale of part of the full business, rights issue (in time to come in my opinion) more likely. All IMHO and good luck all.
Thanks. I would have thought issuing of results and strategic review announcements would happen on the same day. Why separate results on 29 Mar and review on 2nd Apr?
Not doubting you but have Mouchel said they will be making an annocunement of their strategic review on 2nd April? If so, I must have missed that. Things are looking good. Always thoought that this would only pick up with a change in the macro environment which seems to be happening quicker than most envisaged.
Can only see this appointment as a very postitive sign. At the very least Goldman's are not about to take on a client about to go bust. Restructuring expertise is what they'll offer. Really encouraging to see things are progressing.
well there's something starting to stir.....adviser for restructuring?
Would this be to advise them on a taker over approach?
Would be good for Mouchel to release an RNS each time a deal is won so creating more awareness of deals won. 20 February 2012 MOUCHEL Consortium has been named on a £60m Government 'cloud' services contract for the provision of Software as a Service (SaaS), under Lot 3 of the new framework agreement. 'Cloud computing' - the sharing of resources, software and information over a network (normally the Internet) - forms the cornerstone of the pan-Government ICT strategy, which seeks to reduce the cost of software applications, programming and computer hardware provision. Head of Mouchel Consortium and Technology Services, Ian Watson, said: "The importance of this framework is further underlined by the fact that, according to the Government, cloud computing should account for half of its new ICT spending by the end of 2015." Ian added, "Unlike other government frameworks, this one will include a large number of suppliers on each of the lots, so competition may well be fierce." Mouchel's partners, HighQ and Nextenders, are providing cloud solutions which support secure document management with innovative enterprise social collaboration tools and online procurement of goods and services through eTendering and eProcurement - services that will be provided through the Mouchel Consortium service delivery model.
It's extremely unlikely in my opinion that we'll see a rights issue soon, perhaps in 6 months once the strategy, which is indeed due soon, looking to restructure the business including reducing costs and a return to revenue growth, has been given a chance to be seen to be working (this is similar to the way things will and are panning out for Premier Foods). Without such it would be difficult/impossible to ask investors for 5 x current market cap. For the record I'm very keen on this company being a turn around succcess.
Personally i'm not concerned. Hendersons bought in circa 5p so makes sense for them to bank a proft quilt still leaving the vast majority of their investment in. GL all and I'm in this for the next 12 months and hope for a successful turnaround, which with a more positive global macro environment is acheivable in my view.
Did anyone else notice the sudden volume of purchases at 12.32pm including a 490,000 buy (indicates as a sell on here but timing clearly suggests a buy)? Someone is clearly building or continuing to build a position here.