Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Looks like a French bank has taken a 1.5% position in this yesterday... Looking like next week is realistically the final week for a takeover bid to materialise, i shall be in Poland up a mountain keeping tuned in. GL ALL!
Hey, i welcome those explanations and make more sense than my downside view, suspect you are both right! i am just a more pessimistic person and also find its better to be pleasantly surprised rather than a downside shock. ill hold to the bitter end no matter what.
Doing some research into this fund they offer a M&A arbitrage fund, they could be in for hopeful higher bids but it appears they may not risk voting this down. I hope its buying up for a "no" vote but could very well be skimming % off the top as it bids up. I also note their risk indicator is medium and buying junior miners definitely isnt a medium risk, this is definitely worth considering. I hold and voted no FYI
These keep increasing their stake in SHG, does anyone have expectation on their strategy? are they helping the transaction or are they skimming the small % off the top when its voted through or are they more activist and hoping to vote down for a counter? Heard of them but not of their methods/intentions.
All my votes gone against the proposal this morning. FYI anyone on HL it is now available on the desktop site to cast your decisions, Gold in my opinion is going much higher. Theres alot of headwinds this year and deflationary isnt one of them to me...
Im with HL, think its a timing delay as the desktop version doesnt give optionality either. Might be worth waiting until tomorrow
Currently the companies loss making with a tight working capital and significant drop in production, Feb will be a very tight month until they get funds over the line and further through the year its largerly beholden to V prices. I am a holder underwater and definitely think this is a seriously risky punt at best right now. the next 1 month and 6 months will be key to if this company survives/further dillutes shareholders significantly.
The fact there hasn't been an update yet is a very worrying sign to me. Its a high profile expected payment, from my experience a couple of people pushing this through even with layers and controls in the UK banking industry you can get 10's of millions out the door in an afternoon. What is the month long hold up....
Ownership
General public is 54.4%
institutions 23.8%
Insiders 9.24%
Hedgies 8.3%
Private companies 4.23%
as from simply wallstreet, also notices they have changed their valuation on there from £1.8 a share to 0.03p.... literally changed in the last 48 hours.
I also was a Sirius shareholder back then, luckily got it below the offer price accepted but know of the pain of people sold the dream early on. Was a massive blow to many people!
240k here
On the HL platform you can usualy vote through shareholder meeting link in your accounts. i am guessing this is the same for this offer? I will be voting no to this shameful and clearly corrupt offer fyi.
back of a *** packet maths im reading 35% share dillution
486m new placing
66.6m retail placing going of £2m at 3p
current outstanding shares 1.56 bil
am i reading and working this out right?
Yeah Monkey its a very risky play buying but its more of an opportunity than another share i had so worth the transfer to me. Hoping it pays off for you! Glad to see you can read though happy, I also said its very possible for liquidation too. But thank you for highlighting the downside again for everyone mate, stay strong brother
This will either be back either back over 90p end of year or liquidating at these prices, i am confident in my purchase though. company has cashflows covered including facilities to use and also a strong pipeline of work. lets see wait and see.
People speculation either way is just that... ill remind people specualtion slide the SP from 80p down to high 30s in March then one update confirming everything's on track bounced up into the 90s. the news on the 20th could be just that, it could be terrible. people who invested obviously believe the former, the people who don't gleefully hoping those people don't receive the outcome baffles me. not sure why you are on the board if you arent invested and also maybe check your priorities on investing, should be making money and not hoping people lose it.
Sounds alot like dangling a carrot in that RNS right. Big price gains just round the corner so hang in there people ;). im so underwater that ill be following that carrot though! GL all
Deal for the short to medium term isnt a great deal, although i understand it was fixing a funding issue. Hopefully the lowering of gearing, synergies and ability to expand production fast has a better longer term impact. For now not expecting serious uptick and to be impressed for 3-4 years.
All valid points and agreed with the targeted Vanchem improvements if they materialise, I still think theres greater work to be done to get a meaningful uplift on the share price which unfortunately wont come this year. Although potential green shoots can be visible by year end if the targets are being met. The point you raise by BELCO is a good one but for me i wont be attributing any value to this until there is tangible contracts and forecasts to profitability, until then it is for me a capex cost and operational cost drag on the rest of the bottom line. I personally believe thats why the market isnt assigning value to that portion of the business, whcih obviously gives a large upside for people wanting to take the risk with this share. FYI I hold a large portion of shares myself.
This share has been a dog of a share for a while. Only thing really moving this is sizeable improvements in margins and production, think this is going to be a wait and see what 2024/25 brings.