Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is what happens when developing world politics trumps first world financialization of assets. Grudges and resentments fester and pollute the corporate space, and things become personal. Too selfishly and myopically personal.
It was never the Civil Engineering divisions that brought this company low, but the senseless tangential diversification into other services comnpletely unrelated to the core strengths of Mouchnel. This is what happenes when you dilute your core strengths, when you have accountants as managers rather than engineers, as they doin Germany, for example. Recovery is going to be a long haul. It will be civil engineering that will have to carry this burden, the other operations put Mouchel in competition with India, Vietman and Bangladesh. Message for the BOD: Stick with your core strengths, and no nmore feckless adventures,please.
If this company had registered a loss of £530 in lieu of firm new sales of the same, it's stock would have soared. This, sadly, is the present reality (farce!) of so called 'markets' and even more farcical 'transparent pricing and discovery'. You can simply pi$$ on anyone who imagines any different.
Because he was chased out of South Yorkshire!
Nah!
Good news on the Anglian water front. Back to the long term core strengths as a civil engineer. This is a solid base on which to recover. It's a long haul, but the right path.
Mulledwine is the epitome of dependability as far as delivering RNS, updates, and results are concerned. He is one of a kind, and really to be blessed for his exceedingly useful efforts on these boards. He is, in essence, an institution,.
Mr Rumbles statement (of intent?) for a 'significant dilutive rights issue; has poisoned the mood, and disincentivized investors, egged on speculators, and opportunists of all kinds. I think a statement from Mr Rumbles is in order here. He set this rout in motion, intentionally or no, and must re-set the perception on what he, and his board of directors, actually intend to do.
I agree, Mr Rumbles comments, perhaps off-the cuff remarks, but signalled an intent, kor at least serious consideration. He may have done this, also, to set a negotiation framework with the banks, that he was serious in tackling the issues afflicting Mouchel. - It is really sad because from what I am reading business is starting to really pick up in the Arabian Gulf, and Mouchel had a good base there. This really expresses my sentiments - lost opportunities and sad at a waste. - Let;s hope growth will return to the UK soon in that Mouchel can rebuild its base, and get its share price back up to where everyone knows it should be.
Mr. Pepper initiates a 'sell' on BAE systems.
India!!!! You are in the heart and realm of risk. :-) LOL!!!!
Perhaps Mr Rumbles was just airing some ideas, the simplest being a rights issue, but see what this will do to the current stock price, it may be a non-starter. I think the banks are the critical players here - if they extend the repayment terms, and using what goodwill MCHL has, then this is a play on endurance. Keep ticking along, minimize costs, cut out waste, concentrate effort on those activities that proved themselves in the past, rebuilt that reputational capital that was compromised by the previous management and accounting fiasco. It a matter of rebuilding and a hard slog. We agree, dilution is the least preferable option. Have a good day.
Sorry for any confusion - At this stage of affairs, who is going to take on an extra five shares for the one they hold, each at 6 pence? I wouldn't, not at this point in time. And part of my argument, in fact the main part, is for MCHL to hold out as long as possible and pick up momentum for an eventually growing economy. Dilution is the last remedy. And any scrip issue, whatever the asking price, is manifestly a dilution.
Mr Rumbles is 'lowering expectations.' In that way, he can present (what he considers) realistic options for Mouchel. That's my take on it. And as for the price of any rights issue, a '5 for 1' as perttee has alluded to priced at 6 pence makes sense if it is 6 pence for the entire five, otherwise the BOD would be asking for 30 pence per (5 share) unit for additional stock. I think if Mouchel can keep above water for a few more years, kit should recover in the long run. As experience informs us, cascading down a mountain is easy than climbing one. And thus, lowering our expectations is a practical move by Mr. Rumbles.
Market makers are 'pinning' it down. Of all the airline groups in the world, BA is by far the best managed, the best run, it makes good sustained profits, has a well financed investment model, and is consolidating very well on the Atlantic routes. There are no negatives here.
If what you assert is the case, then there's only woes to look forward to for some time, and a firing squad for the previous management is called for to carry out an essential purging task. Have a good evening..
Market expectations have sapped a lot of the will from a lot of punters (investors) here. Moreover, with the management airing notice of a 'right issue' a lot of people, methinks, are waiting to see what that is priced at, if it goes ahead. It's wait and see. And as for heading north, we will need a general economic pick-up for that.
Nomura initiated a buy on Bumi, target price 1400. And look where it is now. Duh! These 'analysts' make a f-art smell and sound reasonable by comparison.