Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Where are you now?
I thought they had promised the 3.5p to existing shareholders in addition to the 550p. The timescale for a takeover of 10/9/15 seems a bit tight...
Sorry forgot -there is no BOD just Steve Marshall
I'm looking for some inspirational profits from this BOD after the Clln deal being called off. Every bit of news is negative since then and there does not seem to be much in the tank. I think they will fall into someone's arms too cheaply now. Let me out of here..
Completely agree that the business should be locking into profitable work during busy period. Yes, its' competitive but don't do fi it's not likey to be profitable. Busy fools. I am now certain the BOD don't know what they are doing what with the PB deal, CLLN and now this. The special dividend should be scrapped as it's only 67% of the share fall and may not even cover the new losses. Keep it and strengthen the Balance Sheet + new CEO / FD please.. How many more of these large companies are being badly run and producing bad results? Not enough managers with financial commitment unfortunately. That's PLC's for you!
Not much happening here until January trading statement. Let's hope that the slimmed business will be able to show us an enhanced performance without the PB holding.. :)
Mr Mackenzie has to deliver now - even with a weakened BOD. Can't say I agee with the Clln rejection or the sale of PB. If there was not the prospect of further Takeover activity I would be out of this Management regime. But, will wait and see and top up if it falls further to 2.00 - 2.20
Here's trusting that BBY management are going to improve UK profits enough to compensate for loss of Parsons. It's a big ask and as a BBY shareholder I would favour a merger and retention of Parsons, with a further review later. BBY have obviously gone too far down the road with the disposal to allow any merger without prohibitive costs. Steve Marshall is going out on a limb IMO - he'd better be right...
£200m for 690m shares approximates to about 29p, Hardly worth waiting for given they are disposing of the most profitable arm. As Gerry557 says, better to reduce debt first. Shareholders want to see some recovery and a merger would be best bet to increase mass. Perhaps the Parsons sale is a good one including factors BBY board are aware of. But surely this would have come out during due diligence, though? It didn't alter Carillion's view on it's retention. Let battle commence!
Still got cover - let's hope that trading results don't prevent the continued dividend.. Think it is a medium hold
This is split between a placing and rights issue. We small shareholders get 1 for 3 at £2.25. Dilution if you take uo about 11%. Probably worth doing anyway, given dividend history and the business can see growth potential.