Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
it depends when you buy in and exit - ie cpp 97p in November 2022; 217p in February 2023;
If my experience with AO is anything the share price will never get back to where it was. I can go to most places and buy goods with my purchase card. AO want me to submit my bank statement before they will fulfill an order. Guess what? they lost a sale. They will also lose a shareholder.
You need to take a break, you are sounding like the person who got banned from this site a little while back. CPP is a profitable business and continues to trade profitably, so there is no likelihood of the company becoming insolvent in the short term. Also the previous board of directors was operating in the same way as the parasites at BHS - overpaying themselves for little benefit to the shareholders or the company. Rather than irrational doom-mongering (or rational if you want to deliberately encourage people to sell their holding at a loss) you need focus on what the changes really mean. I have faith in Schroder's involvement irrespective of what I think about Ogston.
If Sainsburys are serious - and a massive organisation like that surely should be serious, then this is their opening gambit and surely must have contingencies in case of either a rival bid or if Argos think they are undervalued. If that is the case then £2 per share should be their counter offer. Their response to the bid though have shown the Sainsburys board to be a bunch of buffoons - floundering to make a credible response, reaching out to private equity. If this is the best Sainsburys can do then Argos are better off going to South Africa. Its not point going to Sainsburys who seem to lack strategy or serious intent.
Homebase is worth at least £1bn on its own, Argus more than this. Yet the share value of both is just over £1bn. So there are possibilities of purchasing the company on the cheap - selling homebase to private equity and getting Argos for next to nothing. You can understand why there are predators out there and why Home is such an attractive proposition. I can't see any benefit in accepting offers below £1.80 per share. If Sainsbury put another bid to, make it attractive enough it should be at least £1.60 per share. Qatari Investments have not ruled out approving the bid, only there are conditions for their support. So there will have to be a demonstrable benefit to them.
This is pure hypothesis. Realistically who is going to put in a bid for Sainsburys and which of the Sainsburys owners are in any remote possibility going to relinquish their shares. Its not going to happen.
Not sure why a supermarket would bid for Home - other than it initially developed and then expanded homebase so wants to get that back at relatively deflated prices. Argos doesn't make much sense other than online presence as there is crossover with the items sold by Sainsbury. OK ive answered my query. It makes a lot of sense for Sainsbury - it is a cheap price for a competitor in the non-food business and it gets to buy back it Homebase operation. It is a way of expanding market share ina market of declining percentages in the food business.
Argos to me appears to be in the best position of any high street retailer. It offers similar service to Dixons - order on line and collect in store, but it has the added benefits of the soon to be launched next day delivery - in direct competition to Amazon - but with a UK company THAT PAYS ITS TAX. Prices are still competitive, although can be beat by special offers from the companies that avoid paying UK tax. Argos' problem is there isn't a level playing field - when companies that either don't pay uk tax or pay very little UK tax can undercut Argos's prices.
Home has been targeted by serial shorters for many years. Again its the season of shorting for a quick profit before Christmas. I guess this is their xmas bonus on the backs of nervous investors. I don't see a lack of customers in Argos and they are competitive against other high street and on line resellers. The problem Argos have with the likes of Amazon is Amazon shirk paying tax so will price match anything Argos have. There are benefits shopping at Argos - order and collect the same day. No amount of free delivery in 2 weeks by Amazon can match.
I don't think Schroders will be increasing their stake blindly. They will have had briefings direct with CPP on their strategy so their commitment to me is a good sign. Also, precisely because of the current depressed price and valuation of the company it is easily foreseeable that they vale of the company could multiply in a short period of time, depending on what news emerges. SO I am hopeful - not really for £1 but towards 40p
Looking at the institutional investors most appear to have been reducing their holding since July. Only Schroders have been increasing their stake from below 15% to now 18%. I guess they will take any shares you want to give them at a discount. I wonder why they would do that? surely they receive the same briefings as the other institutional investors.
RB Canada got rid of multi millions of shares, but this has been more than offset by buys from Schroders. I doubt they will be increasing their stake significantly if there wasn't going to be a good return for them. I cant make sense of the share price drop.
Filtered out some time ago. Very annoying posts. Takes credit for share price going up. Takes credit for share price going down. Big big ego. What is he doing selling all a massive amount of shares at a loss. Totally insane posts. I got fed up scrolling through long rambling nonsense. I learnt a long time ago that if someone cannot say something meaningful in a few short sentences they lack the capacity to think.