George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"There would have been many discussions regarding the level at which the options were payable.. and this was the number they came up with"
Yes, the incentive is there to see priced at 200p regarding the share options.
"or a recommendation to vote on a small divi"
I hope that S4 don't pay a dividend, I would be happy if all spare cash was to be used to buy back shares. S4 issued shares for M&A mostly @420p, buy them back today @52p. It's a screaming no brainer. All shareholders would benefit. S4 need to get the the share price back to 420p so that S4 can restart M&A for further growth. IMO.
Looking at Morning star data, Third Avenue Management have been large buyers in S4 Capital increasing their holding by 17,617,896 total holdings 61,784,281 10.7% on 31/3/2024.
Looking back on 5/3/24 Bloomberg reported that Franklin Resources owned 67,135,509m 11.60%
Source of information Bloomberg.
https://i.postimg.cc/hjTFMpn3/SFOR-ownership.png
Register your vote and join the movement. Share the link and make history together.
https://petition.parliament.uk/petitions/657294
Auson, yes I would agree, along with Franklin Resources 67m shareholding who have been heavy buyers of S4 shares over a number of months and currently S4's largest shareholder. Looking back to 19/2/24 Third Avenue Management shareholding was 26m, it now stands at almost 62m. Both FR & TAM may well be stake building on behalf of a client. We could be in a bidding war soon if my suspicions are correct. Of course this is just my opinion, I could be wrong.
Looking at Morning star data, Third Avenue Management have been large buyers in S4 Capital increasing their holding by 17,617,896 total holdings 61,784,281 10.7% on 31/3/2024.
https://www.morningstar.com/stocks/xlon/sfor/ownership