Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The last paragraph has me puzzled...... Six months after suspension (9th May) trading will be cancelled if the don't publish the required AIM Admission document. So, on the 9th November we just stop..... What happens to all the shareholders? I'm hoping I've mis-interpreted it
I'm fairly new to the game myself.... I have been in sharesaves at work and made a fortune when Walmart bought asda. I left asda in 2008 and joined Pearson. Made a few quid through their sharesave as well. Only started trading about 24 months ago. Win some, lose some. Doubt I will ever be rich. Got hooked on AIM unfortunately, cos I think I struck lucky at the beginning with a few stocks, then lost a fair bit on Afren. Holding shares in SXX, UKOG, XTR as well as here.
Uncrossing Once the uncrossing price has been determined and which buy and sell orders get matched, all of the matched orders put together are reported as a single trade, of type “UT” (for “Uncrossing Trade”) and size equal to the total number of shares changing hands. In particular, note that a 38,000 share “UT” trade does not necessarily mean that any particular person or organisation has bought that many shares, nor that any particular person or organisation has sold that many shares. It may be a combination of lots of smaller trades by people and organisations.
The cost of the learndirect contract was approx £25million per year to deliver approx 2.4 million tests per year. According to the report, Pearson's contract is bigger so if it is for four more years we are looking at over £100million....
Sky News reported Learndirect - which was due to begin supplying the theory tests later this year - agreed to a multimillion pound settlement with the Government this month. Rather than going ahead, the firm's contract was cancelled by ministers and handed back to FTSE 100 publishing group Pearson for up to four years without re-tendering. Pearson had been administering the tests prior to the new contract. It's understood the Driver and Vehicle Standards Agency made the decision to cancel the contract with Learndirect, after discussions with the Cabinet Office and the Department for Transport. The size of the payout was not disclosed, though it was reported that the contract with Pearson was more expensive than the once signed with Learndirect.
After announcing a 34p dividend, updated figures will show a 4.8% return on any outlay ant today's share price.... Plus the company is looking to reduce its workforce by approx 10% in 2016, therefore I think this is the turning point so its the start of the climb back up.
According to the Gov website, the aquisition of the CBT (e-assessments) from LearnDirect has moved to phase 2 because the Competitions & Markets Authority think Pearson will be the only company capable of running a national test such as the Theory Tests. Taxpayers have already paid miliions for the mess the government created in awarding the contract to LearnDirect in the first place, and the Lloyds Group are desperate to sell it off anyway!!