Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Waiting game again! At the end of Feb that will be 4 months. It looks like Madison Dearborn Partners LL a leveraged buyout model (all new to me!) and may be in the process of trying to raise the required funds, who knows.
“Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies”
“ A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition”
Thinking about, it’s an arbitration so there will be an award, that could be 0 or full amount. So the text within the RNS is correct. Looking forward to the meet the company at 10.
Well we knew what was coming, no new news. I’m happy to stay invested here and GKP. The arbitration wording seems to think it’s a win before going to count “The hearing is confidential and as such we will not be able to update on progress until the Award is received, with the timing of the Award uncertain, but expected in 2024”. The only thing is of course, it they do win who’s going to pay! Oh well as I say happy to sit back and wait.
Just saw a TikTok with a demo.
https://www.roadtovr.com/disney-vr-treadmill-multiple-user/
JD doing well today, I’m nearly in profit! On the subject of TIG, have you a view on the buyback shares in treasury? Volcano must be enjoying the Sun somewhere, luck git!
In a way, I hope it’s a “no offer has been put forward” RNS and close this period off (unless big premium caveat!). Just one thing that concerns me, has this given some of the employees the jitters? Anyway, let’s see what tomorrow brings.
Just a follow up as couldn’t be bothered to find it last night! “ We expect to publish our audited annual report and accounts for the financial year ending 31 December 2023 on Monday, 18 March 2024. Prior to this, on Monday, 29 January 2024, we will release a comprehensive Trading Update. This update will highlight a record performance in Q4 2023 and FY 2023, demonstrating that the Group continues to trade at least in line with current market expectations.”
TIG has results out soon I’ve got my eye in buying more at around 118 or less. JD I’m still down even with today’s raise, but happy to hold.
I’m with you on the US markets. There will be another big drop, don’t know when, but it will happen. At that point I’m going to invest into some US funds. I was only looking to day at LEGAL & GENERAL US INDEX CLASS C - ACCUMULATION (GBP) , but the price seems high to buy in right now, maybe I’m wrong but going to hold off and just keep it in mind. End of the week some US data Thursday and Friday, hoping that EMG will have a pull back for that.
Anyway see what tomorrow brings. Today I’ve stated to take a tranche in S4 on the drop (to hold for a while)
Wednesday EQLS takeover deadline and I’m waiting for Kelt TU which should be sometime this week, bought at 56p ish on that drop.
Yep looking ok, I’m not in at the moment. US futures up by around .2% ATM.
Thanks Nanonano for finding it, my reference to Samsung was when I first bought here, I seem to remember Samsung and Nano being at CES, but that was a long time ago (don’t want to open that can of worms lol). Signing off have having a beer.