and these are 20% below true worth even without the spin-off. A no-deal Brexit could harm them because we need lots of oversea students so lets hope that doesn't happen. Suspect any firm news on spin-off will be delayed until after March 29th
You said you were hoping to report more news 'in the near term..' back in Sept 2018. Do us peeps have to have a whip round for BPC to afford the RNS fee?
so that's why SP is so volatile. Thanks sheltie. Still looks wildly undervalued but I am keeping what little cash I have to invest safe until the farce in Parliament plays out. I fear a 500 point drop in index soon and that's when it goes in and to something 'safe and boring'!
...since RNS failed to say court hearing delayed, it is reasonable to assume it was going ahead- as of time in India before the RNS sent to LSE, I have already said on here that I fear Moneytmunch's take on cashflow to PAT is incorrect but I hope he is right and I am wrong! Still it's all to play for here. Just don't build your hopes up too high or mortgage the house to buy in 'cheap!'
Very unlikely for Govt to climb down so quickly but not impossible. Not in PAT's interest to agree an adjournment before the hearing unless Govt issue licence. PAT will still need cash urgently. We have all taken a total gamble here. Good luck to us - we are going to need it!
The recognition afforded to this rare jewel could be earnings enhancing. Until mining starts in earnest no-one knows for sure how much they will find and also whether the market will place a high premium on it. Shares certainly underrated though.
It is looking a bit as though the Annual Report has aroused some long term interest here, with the shares moving up over the 2p this week on no other shot in the arm. BoD have said result of JORC on first half of areas by end of March 2019, so punters seem to think this is a reasonable time to buy and hold for a while. Us LTHs must be grateful for any interest.
.... expecting another RNS at some point possibly this month which could be positive for SP, but still think we are due a Placing , as promised earlier and I don't think the million Euros grant will prevent it. Hopefully good news first to send SP upward so the Placing will be at 25p+. I am keeping a fund ready because these look worth following long term.
Response is a bit churlish and SP here has been low key for a while. Investment community have perhaps failed to give credit for the important fact that this is INTERNATIONAL Public Partnerships and as such will bypass the gaze of one Corbyn even if he does win the next election, That is the reason it is still in my portfolio. And the nice safe yield.
....at some point they will be bid-fodder. Anyone care to pick that price. I notice from the last figures they reckoned their net asset value per share was well over seven quid! But then that depends on the values they use in calculation. I stick my neck out and say a snip at two quid but not at three. Theres a lot of money borrowed on buildings now worth fraction of prices in a lousy property market. But this is when the rich men get significantly richer - if they get it right!
....PAT has another Indian site of interest, Taregaon. On its own I think this adds little but if the attitude to PAT by India improves (Taregaon is not in Rajasthan) then it might have some value in due course. All the gamble right now is on Bhukia, and the SP will have to go it some for me to cut even, but one never knows.
They say always buy when everyone has lost hope. I reckon that day will come soon when Parliament votes on Brexit. My plan is to grab a few more of these for the long term on that day. Cannot be wrong for a LTH like me.
If you refer back 6mths or more, you will become aware that the Singapore -based syndicate that first supported PAT will then have an obligation to buy a third tranche ..... at 35p per PAT share if I recall correctly. So there's your answerbut please DYOR. That arrangement might have been superceded by this new one but I doubt it.