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So what are we expecting in the morning.
My understanding (and I appreciate the language is a bit ambiguous) is that the suspension ends tomorrow if there is no change. I can’t see us suddenly trading at 8am….
Am I right in thinking this stops the Chad government from taking money out of the pipeline and whilst not directly linked to our main case means it will be easier to get our cash assuming we win?
Thanks for any clarification from anyone, I’m finding some of the various legal procedures a little difficult to follow precisely
Some good buying today.
Finally the insane value here beginning to be seen by some. The potential for this to rise massively is vast
Nice £110k share purchase by the chair as soon as results are reported and closed period lifted to boot
Very pleasing results this morning reflected in the SP.
Key thing is the managed to grow profitability, total customers and return on equity in the very worst part of the cycle, the cycle has now turned and Admiral are ahead of the market having raised prices first. Very, very good place to be looking forwards
- Premiums up very significantly
- Inflation (finally) coming down
- Those two things together should mean greatly improved margins
- Higher interest rates means much higher interest earned on the group’s substantial ’float’ which should boost profits too
- A bit of momentum, an excellent dividend and a quality FTSE 100 business. These shares were at £35+ not long ago and the cycle is clearly turning very favourable again
I finally got into the AGM about 10-15 mins late. Yes, nothing shared at all on Chad / Cameroon or SS. Nigeria looks very good and Niger highly promising. My best guess is we eventually exit both Chad and Cameroon with our money back and a small return (via arbitration if necessary) and South Sudan completes this quarter with another mid sized acquisition announced and shares lifted from suspension but lots of possibilities either way. I’m not particularly bothered about the suspension as long as the underlying business continues to do well - at least it protects us from wild emotional swings (both up and down) on rumours about how the various deals are going
Actually think there are huge positives today.
The placing was always on the cards and dragging the SP down. That risk is now gone.
The new CEO was needed and is now in place.
The assets remain fantastic, there is just no volume.
A bit of momentum, some positive storytelling this moves up very quickly from here. Not long ago we raised at 40p with a lower gold price and there was lots of excitement about ‘gold everywhere’. That excitement has been lost but should come back quite quickly with new management. Very excited for the future here and prices here are a gift. I’ve topped up a substantial holding this morning
I know everyone is understandably focussed on deal timings and speculation around further acquisitions but worth also noting that this is another exceptional set of results from Nigeria in particular. Savannah are definitely developing a reputation for smashing their guidance, also much, much better to see under promising and over delivering than the other way around!!!