Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Current price at 9.17am = 19p (18.5/19.5)
,,,going on here?
Thomas -- ah, I see now; 4,000 new shares! Thought you meant £4000! That would have been sweet!
Thanks DD. Thomas -- ???!
Hi all, Can some kind soul tell me how much 1m (old?) shares are worth now? I've not been following this in the past month or two. TIA
Actually it was October 9th. TRP was 0.8p and you wrote on Orogen share chat: "To all my freinds on here.. check out tower resources... get yourself some extra cash for christmas." Remember now?!
...pending an announcement (RNS). See also: http://www.stockmarketwire.com/article/4554485/GVC-Holdings-welcome-Sportingbet-announcement.html
...at 9:46
...at 16:27.
Sportingbet shareholders to decide by Thursday on £485m offer from William Hill and GVC Holdings By Sarah Bridge, Financial Mail On Sunday 17 February 2013 Sportingbet's shareholders have until Thursday to decide whether to back the £485 million offer from William Hill and GVC Holdings, with observers suggesting they are waiting until the last minute to decide. The takeover requires 75 per cent of shareholders of the online firm to vote in favour. Sportingbet is owned by a few big investment firms, which means that if only four vote against, the deal will fall apart. Ivor Jones, analyst at broker Numis Securities, said shareholders should turn down the deal as they can expect more from another buyer later on with growth in markets such as Australia, Greece and the US, which is moving towards allowing online betting.
I sold my holding today. I reasoned that, given that no alternative bidder has appeared during this long negotiating phase, the agreed price is as good as it'll get. And on the downside is the possibility that WH/GVC could still back out, or shareholders turn the offer down. In which case the sp would go south.
The DM report had their figures round the wrong way -- 56.1p, not 51.6! The MOS had this report on SBT and the bosses payout: Sportingbet bosses in line for multi-million pound windfalls after selling company to William Hill 23 December 2012 The management of online betting company Sportingbet are in line for multi-million pound windfalls after selling the company to bookmaker William Hill. Financial Mail understands that chief executive Andrew McIver and financial director Jim Wilkinson are likely to leave the company after the sale is finalised, and are both entitled to two years’ salary, pension payments and bonuses. McIver, 49, owns more than three million shares in the company he joined in 1991, which will be worth £1.7million at the proposed 56.1p a share deal, while Wilkinson owns 1.75million shares worth £980,000. Sources close to the deal say that the pair, along with chairman Peter Dicks, would be unlikely to remain at the group, which will be split between William Hill, which will take over the Australian and Spanish operations, and William Hill’s bidding partner GVC Holdings, which is taking over the Sportingbet business in Europe and emerging markets. McIver was paid £1.7million last year even though Sportingbet made a £46million loss.
Forgot to source the quote -- it came from today's Daily Mail.
Online gaming group Sportingbet edged up 0.25p to 53.5p on a Numis recommendation. Analyst Ivor Jones does not understand how its board could recommend shareholders accept a 51.6p a share offer from William Hill (8.6p easier at 347.8p) and partner GVC. It is the wrong time to sell the business and Hill and GVC are the wrong buyers. He implores shareholders to vote against the offer and encourage the board to conduct a proper auction at the proper time. Jones’ longstanding target price is 90p.
Yes the sales are greater than the buys (9:5) and yet the SP is up over 3.5%, which is encouraging.
You mean pasheast, the guy who suggested there might be a renewed bid of £485m and offer price of 56p? Yes, I'm still here ;-) And still holding on. I see there's been volume of 11m shares so far today...
I shouldn't take any notice of Numis's SBT target price. They've been 'reiterating' that same 90p since at least as far back as May 2012 irrespective of what's happening to SBT. Someone there has gone asleep on the job.