Member Info for Mulder

Suspend the loss making Evander and production will still be 200K+ EPS could hit 3p and you get your crazy P/E of just TWO! Elikhulu is the game changer here from August.

Finally we have something a little more concrete rather than rumour. Takeda has made a formal announcement and listed the reasons why they think Shire would be a good buy for them. Pfizer may well trump them though. At the very least today has shown that yes there are companies interested in buying Shire and it is not quite the basket case you have been making them out to be for the past year now.

x3 BUYS 23 Jan 2018 Duggan, Gary CEO (subsidiary) Regular purchase transaction 9,839.00 �1.20 �11,840.25 n/a 11 Dec 2017 Hill, Jonathan Finance Director Regular purchase transaction 17,400.00 �1.33 �23,068.92 141,017 Holding 06 Dec 2017 Batchelor, Lance CEO Regular purchase transaction 71,997.00 �1.38 �99,499.85 162,121 Holding

Money is flowing back into 'defensives'/utilities. The 40% drop from 1050p was obscene and no UU are not 'heavily in debt' - they have the best equity ratio and lowest P/E of all 3 water utilities actually if you study the books.

Well there is some incentive now to get the SP moving UP! Trading pretty much at all time lows again. No that spike to 255p remains unexplained - some large multi million pound buys went through though and the SP spiked about 20% in 2 days. Goes unexplained for now but that was clearly not normal and not due to 'normal market fluctuations'! PI's remain in the dark. On the plus side looks like there may be more money soon for the NHS and more of those elective cataract, hip and knee ops may be referred back into the private sector/Spire. I guess we should remember Mediclinic were prepared to offer 315p/share just a few months ago and lets face it private healthcare and private hospitals will always be in demand and are only likely to appreciate in time. Hospital Corporation of America may also come in. ********************************************************************************************************************************** The Board of Spire received a revised proposal (the "Revised Proposal") on 13 November 2017 from Mediclinic to acquire all of the issued and to be issued shares of Spire which Mediclinic does not already own. The terms of the Revised Proposal were 165 pence per share in cash, and 0.271 new Mediclinic shares per Spire share1. On the basis of Mediclinic's closing share price on 17 November 2017 of 555.5 pence, this valued each Spire share at 315.5 pence per share.

A bit complex but looks like: - Baberton Mines 100,000oz/annum production Baberton ETRP 21,000oz/annum Evander ETRP 30,000oz/annum Evander mines 90,000oz/annum Elikhulu 55,000oz/annum

Exactly jl. Results and forecasts are of course unknown to us PI's but we can be relatively certain that the final dividend will be maintained at 5.8p and could possibly be as high as 6.1p giving a yield of approx 5.5% at the current SP That alone should surely entice some buyers. The control on the SP for 4 months now (another sell off today) is also very suspicious as is the total absence of any rumour or whisper of M&A activity.

4 months of total lockdown and not even a rumour of a bid/merger?

May see another bid soon from Mediclinic or a counter from HCA.

rumour I believe. Expect rival bidders to finally emerge. �50+

Money flowing back into utilities ++ Bond yields down 2.75% US 10 year UU up 5%

28/3 Saga SAGA Peel Hunt Buy 110.90 113.50 195.00 195.00 Reiterates No one listening though it seems... New CEO = 10-20% rise here IMO

South African gold miner Pan African Resources plc (LON:PAF) is to carry out a feasibility study at Royal Sheba at the Barberton complex to assess its viability. A new estimate suggests Royal Sheba contains a potential 720,000oz of gold or double the previous resource. The mine was shut in 1996 after small-scale mining had gone down to a depth of 340m. A study in 2010 indicated a stand-alone mechanical mine operation was possible but would require substantial capital expenditure. Pan African now believes synergies with the existing mines at Barberton might reduce the upfront cost significantly. Elsewhere, Pan African said Barberton production has recovered after it moved into higher grade zones. The mines complex is on track to produce 50,000 ounces of gold in the second half of this year, a 23% increase of the first six months. First gold from the Elikhulu tailings project is on track for August. At full production, Elikhulu will produce 55,000oz per year. At the Evander mine, talks over job cuts are continuing with the unions said the company, and how these conclude with determining Evander�s production for the year to June. http://www.proactiveinvestors.co.uk/companies/news/193937/pan-african-resources-to-assess-potential-for-royal-sheba-re-opening-193937.html

SP needs to respond now!

Utilities best sector on the S&P Bond yields down ++

Similar to Richard Griffiths over at MotherCare every time Ashley has increased his stake here the SP has been trashed. What does that tell you?

Been looking at the latest fund/institutional holdings here and can only find net buy positions - Investec in particular. Bizarre given the 50% fall.

Pathetic underperformance today in a strong market +1.5% SSE up strongly also. Shorter/illegal suppression of SP IMO.

Moderately higher profits and revenues. Nothing to justify drop from 1050p to 650p

Again how can you, Odey or any short seller be so certain there will be no bid in the short term? Certainty=Inside information=Insider trading. In normal circumstances a hostile or opportunistic bid would be highly likely at these levels. Home Retail Group as an example.