Member Info for Phillo

What on earth was Jasen thinking when he said....

"Openreach networking division is shaping up to be an "unstoppable machine" and its success may mean it ends in "tears" for fibre rivals"

I wish he would just turn down the rhetoric...

Mrc that is my understanding as well.

However, what would happen to those pre-emptive rights if faced with losing the asset, WEN made a bid for Scir ?
The market cap is so low now could WEN open up another route to the asset and would it trump any pre-emptive rights ?

BD....I think most people invested here to get exposure (and hopefully the rewards) of the Ruvuma asset. If we can get some kind of equity deal in Wentworth shares that would absolutely be my preference.

Thanks for the confirmation Chris.

I did not think it would be included in the disposal of Ruvuma, as they have always been separate assets and there was an April RNS stating that 3D seismic was being undertaken by Pan African as a freebie, which I think is imminent.

Its just that TR seemed confused by the question and seemed to suggest that we would not have any assets remaining in Tanzania after the disposal. However, there has not been any explicit mention of the Kilwani North asset being included in the disposal.

I am afraid that my trust in the BOD is at such a low ebb and this combined with his lack of clarity to a specific question raised further concern.

I believe there was a question relating to whether KN1 was included in the disposal.
I cannot find an RNS that states we have disposed of it previously, I know that there was talk of replacing a faulty valve a while ago by AEX.
TR seemed confused by the question...do we still have the 8.75% share of KN1 or have we already disposed of it ?.

Similar to Aimster. I will await the meeting tomorrow but its probably a no vote
BD for my 3.1m shares

Yes.....with the delay in real news until later this year, we really need the Directors to step up and steady the ship with some share purchases.

Just an announcement that HUM is now debt free would help enormously

Received my letter today from X-O.

It clearly states warrants are post consolidation.

Interesting last sentence...."Please note that this event will be mandatory and will be effective from 15tH June".

Yes, similar here. A LTH and somewhat surprised at the fall. Also topped up just before the close but trade not showing yet.

Hi Guys

I have never been in a similar situation with shares suspended pending a potential RTO.

Could someone with experience in these matters outline what "could" happen to our MTFB shares if the RTO is successfully completed ?.

Thanks

What happened to your comment..."Signing off for 2020".

Could someone kindly provide the link please ?. Its not showing on this site for me

I think the other option open to the BOD is an asset swap and that is perhaps where the BOD could align itself with its stated objective of being located in Western Europe.

I do not see it necessarily as an outright sale per se..

I also think that it may bring the sale forward as the missing budget figures are now available to potential suitors. Its better news here than AEX where they have no choice but to wait.

Never thought that I would be saying that a 5% increase is disappointing...

But unfortunately, looking at other stock increases across the FTSE it was.

I think the issue for me is that this is more cash being depleted when the model remains unproven.

Sisto is yet to sell an asset. Accepting that any sale could yield a huge return he has to demonstrate that there is an end-to-end process.

He is investing precious funds that will lead to more dilution. Again, I accept that he is extremely good at identifying great investment opportunities, but we need someone as CEO who has the skills to sell as well as buy. That is the best way to get shareholder value.

I think they will want to get out of Africa rather than get more exposure there. The stated vision is Western Europe, so to do so would be an about turn .

A full Zubair takeover may make more sense.

It would be good to get more visibility in to what exactly is going on though. We also have Helium One that also seems to have faded in to the background.

BD - Agreed and you have my backing

Hasn't Jansen waived his salary this year a;ready...