The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
PortfolioPower - I don't think you're right about that. You can make an offer at whatever price you want as far as I know. I believe you're referring to the mandatory offer requirement if you go over 30% of the voting rights of a company.
Never rely on rumours. They'll often turn out to be wrong.
However betaville are a decent source and there's probably a high chance there are bidders sniffing around BOO at the current price. Hell, a number of us have said in the past few months that we expect buyers to be circling for this, so this is absolutely no surprise.
The interest may come to nothing or it might end up in an offer - who knows.
I can't imagine any offers much less than 200p would succeed though.
Whilst it's quiet, just in case anyone's interested (I'll only post this once as it's off topic):
THS, that I hold, posted a midday RNS today that's a truly cracking deal for them. They've bought the remaining 26% of their company for just under $26m.....and this is a company that made $131.5m in net profit last year....(before that 26% share was taken off). Currently still under my original buy in price of about 150 (though I've just added some more for the above reason).
No idea how the SP will go from here, but I think it's just become even more crazily undervalued, so worth a look if you're on the lookout for interesting things.
Excellent news imo.
The libor component is pretty irrelevant unless the world is royally screwed. All the talk of rate rises are in the fractions of percents up to a total of like 1%, or 2 at a push. Many think even that is just the usual boe/fed waffle, intended to have an impact on markets, rather than actually taking action they can't afford to take (and will be pressured not to).
Long before I got concerned about libor making a material impact here I'd have ended up concerned about the spiralling unemployment, negative equity in the housing markets, social unrest, etc....as those would happen first ;)
Bit of desperate scaremongering going on here.
It's a planned update. They always give updates like this. The update was planned for this time in the last presentation.
All this nonsense about avoiding stating Q1 2023.....when what's the title of the RNS....."Singida Project Progressing on Track for Q1 2023 First Production".
I recommend ublock origin for you people annoyed by ads. Makes things considerably faster and less annoying for me.
After all they're not putting out all these public notes for the benefit of blue collar terry two pence to help him make loads of money...
Just remember the rule of Goldman Sachs...
When they say buy....sell.
When they say sell...buy.
I imagine it largely applies for the big banks over here too ;)
Looks like old Danny bought bought some shares at HUM...less than £25k's worth though....so file under "probably less than his pocket money so not worth reading anything into - bar no good news in the short term!"
It pretty reliably comes from people who want to buy in cheaper ;)
Each to their own. Stock availability looks very thin here now to me. I've increased my position.
Mainly as, in many cases, the IIs that were offloading have finished/run-out.
It's actually the reason I was reading this board. Weighing up buying a few more here. As at lot of miners I follow have been hammered in the past 6 months with II's offloading but are starting to find bases now.
I think there's a strong case you're too late for that and the mining/growth stock have already been sold off....and somewhat ironically now ARE the value in the market :p
OK I'll leave you to spam the same moronic sh*te over and over. It's like talking to a loo brush. Ciao.
It's obvious the point I was making....to anyone with half a brain. No make that a quarter. Clearly this rules you out.
BruceJamieson: why are you replying to me from something the moron made up?
I know exactly what I said Maxage and it's correct.
You however are full of sh*t and lying to people.
You pretend you've done amazingly well here.
Your own post history shows you saying the exact opposite:
"RE: So what is the investment case here17 Dec 2021 10:55
I can tell you I'm not short, I'm 200K in & 95K down. I just read Zeus capital report (Hence the broker downgrades) it is diabolical reading. They have basically said in 3 months that the net cash position in 2023 is going to be 150 million less than predicted (they've done that in 3 months)"
Let's add that to your spread bet you also say you opened on this and lost loads of money on.
If in doubt - make something up eh Max. Dear oh dear.