Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looking from the outside in it appears Craig takes a lot of direction from V so is not the only person to blame here by any stretch. Anyway, what is done is done and I agree with Amers, if the current BOD can't sort the mess out it will be taken out of their hands very quickly.
When the SP was £40, EPS was 19p for the previous year giving a PE ratio of 211. Yes SP is linked to risk although the question is does FCA fine, extra interest payments from bond and search for new chairman take the PE from 211 to 10 as you are suggesting? I think not. The key issue for me, bigger than all of these 3 risks, is ensuring deposit inflows have kept up their run rate of £300m a month as this will provide the cash to grow the business after which the share price will take care of itself.
"So shorts are closing and the price is still going down. That's not positive for anyone holding the shares."
Er... IG is a spread betting platform where never take ownership of the underlying asset therefore it would not effect the actual share price. My post was in reference to the general consensus which seems to be turning positive when compared to last week e.g. speculators do not seem to see much further downside from here.
I’ve been following the short positions on this share on IG’s trading platform. Last week it was around 9% and I’ve just checked now and it’s at 6%. That’s a positive signal for me as to a general consensus on where the SP is likely to move from here.
Has anyone thought about what the regulators view would be if V took it private. There were muttering from them before he set Metro up due to indiscretions in the US and now after this latest debacle not sure how he would manage to do it unless there’s a structure he could use where he would be pulling the strings in the background.
I agree GabsterX, revenue are not falling they are increasing just at a slower rate than expected. As for vaping, at the last results this made up 200m revenue out of 30 billion which isn't even 1% of revenue, so worst case even if this area of the business sells nothing the impact would be negligible. Some people on this board talk absolute nonsense. In reality what is more likely to happen is that they will eventually get FDA approval for blu and then be one of the big players in the market along with JUUL.
Personally sat on the fence with this potential reverse takeover. I can see benefits with economies of scale but main negative is extra debt. Hopefully by the end of next week we will find out some more details regarding their plans with this deal, or an RNS stating the deal is off. Should stop the SP falling one way or another
Have a look at the total volume bought and total sold in the lse stats which will give you a better picture than a snapshot of trades and show 850k more buys than sells today. Don't beat yourself up over it, the previous RNS in January didn't show any sign of what came this week so you couldnt have predicted this. Im in the same boat - 40% down on a large holding. Will continue to hold in the hope of a bid or a new CEO. If neither materialises, I will sell.