Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I suspect we have a very narrow buying opportunity at this price level before buyers start piling in ahead of the October update.
If there is any chance of MM advising in October that THG is now to join the premium part of the market, the price will rocket. Let's face it, he needs to gain some ground again, shareholders must be commonly up in arms over what has happened since last week's update. Given the increased chance now of a hostile bid, he needs friends for an MBO, but in turn he needs to rally shareholder support.
Currently, the low share price is attracting undue attention, so I expect it to gradually rally back into the 80s within the next couple of weeks.
It's a waiting game now for all of us - those results make a capital event much MUCH more likely.......
Just looking at some recent disasters : THG, WAND, SFOR. All have produced results that seem to have missed expectations, but all are bullish looking forward and give the impression of better times ahead.
When then, are directors going to buy in? None of these should be in closed periods any more, so why is there no Director buying going on?
You really cannot blame ARM for listing in the US................
Notice anything similar? It seems any profit miss is marked nowadays by a 25% fall in share price. The missing of expectations, even if not by that much, seems to be quite enough for draconian drops in share prices. No wonder the UK market is now deemed so cheap by BNP Paribas. It is priced illogically.
SFOR are even talking about moving back to paying a dividend. When will THG start to even mention the word 'dividend' at a results update?
Manc, I really would not lose the faith right now on this one. It's being enormously manipulated and I suspect certain interests are making a killing on it.
Clearly Apollo can come back in October, as the six months has elapsed, added to which the October update should be different as THG's Board and MM himself know that September's reaction was a PR disaster.
In other words there's going to be a lot of interests out there ensuring things are different in October. I think MM is playing for time, and keeping the price low suits him, but not anyone else.
If it's any consolation, many shares are performing badly but this is the wider UK market for you.
I hear whispers of something - can anyone confirm what is going on?
Certainly at the current share price, WAND is on a very low priced plate for any would be predator....
After the furore and market reaction to last week's update, there is no way October's update is NOT going to include a proper strategy update including when the company's shares are to move to the premium sector of the stock exchange. There's now no proper reason to delay this any longer.
If the price continues to stay at these low levels, a predatory bid is definitely happening soon, with what defence?
Just watched the video, it’s really bullish and confirms lots of really positive things. I’ll be buying more shares accordingly
It seems to me that any company that can win deals with the likes of GM can win similar deals with other big companies. Furthermore, clearly GM were not put off. I really don't expect others to be put off as the dust increasingly settles, and we move to calmer seas.
Once one or two deals are announced, and with the crashing share price, the pressure must be on in this direction, then the rally could be marked.
Many it seems are calling today for the demise of the company - that is extremely short sighted. They are funded probably until the end of 2024, and people are writing on here as though the company is bust and unlikely to do a further deal. I'd say the truth is somewhat different, and in Kelly, we will all find he is a man on a mission, and once the deals come through, anyone buying now will find they are on a multi bagger.
DYOR as ever....
Again, another article that fails to present a balanced picture. For example, the rise in half yearly losses from $7m to $22m is completely due to the inclusion of the $15m illegitimate sales bookings. It’s not exactly a repeat item. Equally the article fails to mention the anticipated sales growth or the recent GM win. If the company does grow as planned, then the cash rise per the rights issue will have been sufficient to see it through to the time it becomes cash flow positive.
Perhaps I am out on a limb here, but once Kelly starts showing he has the house back in order and contracts start coming in, this must get repriced sharply upwards, especially as less than 10% are available to buy in the open market.
I really would not be surprised at all if some fund / institutional investor did not do some mopping up of the shares imminently, taking complete advantage of this distressed price level.
Once one steps in, others will follow, it is just a question of confidence.......
Given the shareholdings that David Richards and Yeturu Aahlad had previously in Wand prior to the rights, one wonders if either of these two are interested, at the current low price, in beefing up their stakes?
Kelly has indicated that the path forward will return the company to high growth and potential positive cash flow, surely this is the time then to re-invest in the company and for both Mr Richards and Mr Aahlad, who spent a long time at WAND, it seems odd to say the least if they just watch its recovery from the sidelines rather than participating more directly....
Manifesto, looking at the actual cash burn, I'd estimate the company, on its reduced payroll, is financed until end of 2024 by which time they should be moving well into positive cash flow territory. Clearly the share price should also be reviving as this becomes obvious.
November's update should reinforce this but the company is now a leaner, stripped down version of its previous self, so recovery when it comes, should be rapid.
Goodshare, you are wrong. It's as simple as that. On Wandisco's website they report on everyone holding over 2.75% of the shares, and the shareholders shown represent 56% of the shares. But further undisclosed funds / institutional investors hold amounts under 2.76% and Wandisco have therefore estimated that "As far as the Company is aware, the percentage of AIM securities not in public hands is < 10%."
If you don't believe me, look at the website; but stop telling us it is 40% available to trade as this is simply incorrect - it is actually less than 10%.
Poor reporting by proactiveinvestors: "The group’s cash position is on thin ice, having fallen from $19.1 million at the end of 2022 to just $3.2 million as of June 30." Does not exactly include the monies raised in the rights issue?
Time to report fairly on things please.....
Interesting!
Goodshare, if I may correct you: it's not 40% of the share capital. On the Wandisco Investor Relations section of their website, they list the main shareholders and comment that less than 10% of the shares are held by private investors. So the jump upwards will be very sudden and sharp once it starts.