Member Info for Miko

Https://www.theregister.com/2024/11/12/cma_vodafone_three_remedies/

Https://www.thisismoney.co.uk/money/markets/article-14072589/Vodafone-hit-German-legal-changes-analysts-warn-persistent-challenges.html

Something seemed to be up in relation to H21. See my post of 16 May below. I did a few searches on the internet. In April, LONR reportedly raised £2.5m to fund its expansion plans and "placed 40.3m shares at 6.2p with H21 Macro". H21 was a significant shareholder before this - it crossed the 15% ownership threshold in September 2012. The firm's website is at www.horizon21.com. It's a fund set up by Rainer-Marc Frey. The guy who deals with Lonrho at H21 is said to be Adrian Janser on +41 55 415 2440 and adrian.janser@horizon21.com. They're walking away with what I consider to be a sterling African business on the cheap. And my money. Can't the board be sued?

Yeah I saw your rationale, but I was speculating that LONR is a far better company for any prospective purchaser than FJET. I don't follow FJET, and may have this totally wrong. But, over and above LONR's brand value and diversity and assets: (a) African cities don't have the kind of airports in the sticks offering cheaper landing rights; (b) FJET will no doubt face regulatory and other hurdles in establishing itself, because many state owned carriers are still in their infancy and may put up a fight, including using pliable legal systems; (c) FJET presumably still has to build up a network and fleet of any value. And now Laughingas' record may mean that finance and investors think twice. Thought you may be in for a fair wait. As I say, I could be wrong. This could be my emotion talking!

PiVi1962, unfortunately I have very few at sub-10p. Not as seasoned an investor as I should be, clearly. Sounds sensible, SW16. I'll hum and burn a few more incense sticks for some days longer, and am likely to bail as well. FJET has Lenigas (or Laughingas as he was called on another forum by an unhappy LONR shareholder). I see the point of your punt but, having now witnessed LONR's fate under his stewardship, remain cautious. I know that some people considered LONR to be a dog, but I'm still not convinced that it's been sold at fair value given the diversity/value of its assets and businesses and brand. Crap management ...

What's with this announcement of the last half an hour? http://www.lonrho.com/Press/News_(RNS)/RnsNews.aspx?id=779&rid=11585057

Is everyone holding in the meantime? Or is there a significant risk of the deal not going through and the SP tanking? FS Africa is said to enjoy the backing of shareholders holding around 38% of the issued share capital (http://www.lonrho.com/Press/News_(RNS)/RnsNews.aspx?id=779&rid=11582291). What about the rest? I wish there could be a counter-bid. It's hard to stomach my loss, even though it's my fault for investing in a company clearly run by muppets. It's brought me back to this site, having last been a regular poster some years ago. Kibu you must have seen this by now, but here's the link to the Needham quote: http://www.telegraph.co.uk/finance/newsbysector/industry/10060469/Lonrho-bows-out-after-sale-to-Swiss-investors-for-175m.html

If a shareholders meeting approves the buy-out, does this mean all shareholders are paid out 10.25p per share?

Wolfe17 I share your disappointment. PiVi1962 like you I have been a long term shareholder of Lonrho and stand to lose many thousands because my average is much higher. I too would love to vote no, although I don't know what that will mean. Who can possibly come with a rival bid? If there was any wondering why the SP dropped so much and Lenigas the rat deserted ship, now we know...

Any idea?

This has happened before, when the SP suddenly fell from 8p to 5.5p. I sold at the time. The SP then stormed back up, and I lost out! This may just be a similar wobble. I'm holding on, but any news would be appreciated.

Anyone know why we've hit 16.30 today?

Is anyone following AMEI? Same directors. AMEI seems to be in serious problems. I have holdings in both, and am just concerned that AMEI will pollute AGTA in terms of buyers and SP.

I read somewhere that Harbinger has used its AMEI shares as collateral for its specrum project, which is being invetigated in the US. Seems like AMEI is in a financial daisy chain, regardless of its standalone performance. http://www.nlpc.org/stories/2011/02/02/did-harbinger-hedge-fund-buy-influence-white-house-probe-asked-fcc-spectrum-givea http://www.zerohedge.com/article/goodbye-phil-we-hardly-knew-ye-we-sure-knew-your-wife

http://dr-vivek-solanki.com/

TNZ sold gems in Dubai according to a press report, leading to the rise. Someone must have seen the amount of money TNZ got from the sale and changed their mind about the financial state of the company (not that there was any question about this previously). The following is from a local newspaper in Tanzania about the new mining law - sorry if people have seen it already: "Under the revised legislation, the mining of gemstones will be reserved to local people, and foreigners are required to enter into joint ventures with Tanzania nationals. It is also mandatory for mining contracts to be reviewed every five years, with specific areas set aside by the government to avert recurring conflicts with big miners, according to the law. Further, Tanzania will not issue new gemstone mining licenses to foreign companies, the law directs. However, current agreements with foreign mining companies remain unchanged and the giant mining firm, TanzaniteOne, will not be affected by the new ownership rules."