Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All this interest could be because California introduced data protection legislation on the 1st Jan 2020 (to little fanfare). Some of it doesn't go quite as far as the EU, but other parts are more stringent. The rest of the US is due to follow, but most probably in different ways because of state laws. I would imagine, there'll be some horse-trading before the final shape of US data protection law are completely finalised, but I'm betting that the new rules will mean companies like PCIP are the flavour of the year. My only fear is, that someone will move on this quickly and get it cheap. After all, 43 million shares at £1 would still be cheap for the technology they are rolling out this month. Interesting times.
My worry about the dividend being scrapped is that it'll be more bad news in 3 months time. Uncertainty makes it ripe for the shorters. Without the yield, investment companies won't bite. Would the break up value of the assets (ex people) equate to this share price? Debatable. For me, there are too many red flags even now, so I'll be limping off the field...
I was thinking they've tried to get all the bad news out in one hit, but I can't see anything reassuring about maintaining the dividend. Did I miss it somewhere? If not, I'm nervous there's still more to come. The directors are going to have to start working for their money now.
Quite a number of trades after time yesterday. Could just be a pick up in volume ahead of the results next month. A look at the chart is positive, though. Perhaps 2.60 will be on the conservative side. Still no news where that 5% Goldman stake ended up...
by those results. I was particularly interested in the debt situation because of the expansion into the US. Pleasantly surprised to see that they soaked up the extra costs and ended up with net cash. Also that loan facility takes the pressure off. So no need for raising extra money through share issue. Not many shares in issue and a good business that's winning awards... Small fish in a pool with bigger fish. I'm in for the ride.
Impressive pitch on Capital Market Day too. I liked the bit about debt peaking next year. Results in a month. Whatever happens we keep on producing rubbish, so debt will be serviced. I'm thinking that 2.60 mark can't be far off... but I suppose it depends on the market in general and that's weak.
If they've been dumping it, surely the share price would have been going down as they sold it off. Or tanked this morning. But it has been rising steadily and it's holding now above 250. Reckon there's a good chance they've been in talks to sell 5% to someone as a block, so others have been buying in stock. Could it be the first steps into play? Not sure. Either way, there should be an announcement very soon. 5% is a big wodge to go missing.
Clearly, things were well received yesterday.
An eye-watering spread - someone has been caught short of stock.
...on the 11th of September should clarify the position. Expecting no change to full year advice, but that should underline that this is cheap at these prices.
Well, so much for that theory.
if the theory is holding we should see a dip now and then another rise.
exactly what they do, but it sounds good. Think the AGM may throw up something interesting and maybe even a surprise on earnings because of the acquisition. Been adding as close to the rights price as I can. Looking for 5p.
Was burned by it in the rights issue, but it seems to be doing all the right things. Think it should be higher, but there seems to be a constant seller knocking it down. Feel it'll still be 19p in the summer... but then I'm tempted. Maybe it's a case of once bitten twice shy...
brief... then up to 2.60ish. There's always a lull before Bank Holidays and then we're back for the results. Again, just my thinking.
there'll be one last brief push down to 2.20 this week. There's no stock around and they'll try and knock out the stops to get some. The stops will have reset to 2.20 by now. Could be wrong!
the theory seems to be working. GS have now flipped for the rise...