The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@ r_hnew/ I've been to Africa, several times, tho I haven’t been to Nigeria, I have been to Ghana which pretty close considering the size of Africa, a slave coast originally which I travelled most of going up lake Volta, the one thing I saw in my journeys is lots of them had phones even though they lacked many other needs.
This may be a blip as many countries suffering due to many variables in our current setting but if you read the link I provided which the information has been based on statistics: Nigeria is the biggest economy in Africa and one of the world’s fastest growing economies – predicted to be in the top 20 by GDP by 2035. It is also predicted by the UN to nearly double its population to over 370 million people by 2050
Kemi Badenoch to sign first-of-its-kind trade and investment partnership worth 7 billion
https://www.gov.uk/government/news/uk-signs-landmark-economic-partnership-with-nigeria
Yes it WILL DROP as miners have to sell to create funding to pay bills to continue mining such as gold, it doesn’t get made for free, also traders taking profits as it never goes up in a straight line. When it does boom it’s because of FOMO
You are correct fleccy and anyone else who interested checkout https://tronscan.org/ for the stats. It’s a deflationary coin. Do your own research but I favour this over any cryptocurrency and have been in the project since it’s launch.
I use to mine bitcoin and Had ant miners when’ they first arrived on the scene. The thing people don’t understand is when we reach a point for miners where only free energy/renewable makes it worth while, the cost reward is terrible and without the mega hashes of machines transactions won’t happen. Also once bitcoin hits its 21 million mark it will increase the total, they will fork the coin like has happened many times, very similar to real money it has value if you believe in it, but eventually the money printer comes along and makes more. There has to be some centralised system and tron has that combined with voting systems, we delegate the power to hosts who can maintain the system and rewards the voters who lock in their currency to create stability/security for the transactions, to prevent double spends ect.
Do your research but this is simple term for you people.
Yours truly
Riskass
I have to agree with you fleecy btc is a nice concept but is clunky/slow technology with having to mine, which is outdated compared with POS, my personal favourite since mining is Tron (trx) it’s main aim is to truly decentralise the internet, it got a lot of flak at the start but has turned into a very good candidate for web 3 and many applications inits expansion, it seems to have just started being recognised for its potential and faster transaction speeds/scalability.
Hard to catch a falling knife, but it’s bouncing off the floor now so you done good 👍
What was going on with his eyes during that interview! Basically closed the entire time… php down lower again today but sounds like a bargain share at this price, I’ve accumulated a few the other day and will continue to add for the dividends
I don’t short, or play Russian roulette, I only buy and hold usually with some trades to balance of the portfolio, looking for deals/undervalued stocks anything with reasonable calculated risks, I prefer stocks that usually pay dividends too, Sorry to disappoint :s
Would you bet your house on it? Really? Are you from the WSB forums and being fully regarded. Don’t bet what you can’t afford to lose, Cineworld hasn’t got any cards or bargaining chips if they don’t take what’s offered we are pretty screwed and would end up in a worse position… we can only hope of a half decent offer but I can see them trying to pinch this for pennies, we just have to wait and see how good mooky is at bargaining the best deal possible
My opinion is that this is still a big gamble, maybe some people have sold as lots bought in around 2-3p maybe they decided to take profits as the SP wasn’t boosting anymore over the leaked news of vue.
I’m in it till the end LTH averaged down to 25p a share but not risking anymore, if I get something back or not doesn’t bother me now, made it up elsewhere. GLA and this is a gamble! so if your not prepared to lose what you have left I would suggest selling, this is not for the faint hearted :)
People would be selling they made double their money if bought in October
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Shareable how many shares do you own? were you a long time holder? I understand the excitement but many of us are down considerable amounts and don’t get me wrong it’s nice to see people excited but it’s not in the bag yet. We don’t have much going for us in a way for negotiations
I do think there will be a lot of people crunching numbers to see what’s viable for a potential bid, only time will tell now or anyone with a crystal ball
To be fair it’s not a bad opinion and yahoo has similar story too, virtually looks like a copy and paste
Is the end game finally in sight for long-suffering shareholders, after the Cineworld share price climbed in the hope of a buyout?
The Cineworld (LSE: CINE) share price climbed 40% approaching midday on Monday, as talk of a takeover bid emerged, before dropping back. At the time of writing, Cineworld shares are up 20% on the day.
According to Sky News, Vue International is eyeing up a bid. The privately-owned cinema operator has, apparently, also lined up financial backers. The Sky report talks of funds managed by Barings and Farallon Capital Management.
In early January, Cineworld announced that it “has been in discussions with its key stakeholders to develop a proposed chapter 11 plan of reorganisation that seeks to maximise value for the benefit of moviegoers and all other stakeholders.”
Buyer search
The update added that “the company will also run a marketing process in pursuit of a value-maximizing transaction for the group’s assets, focused on proposals for the group as a whole.“
At the time, rumours emerged that AMC Entertainment was interested in buying some of Cineworld’s cinema assets. But the company denied it. This appeared to have ruled out any piecemeal offloading.
In the light of that, the mooted takeover approach from Vue is presumably for the entire company. So what’s likely to happen? And are Cineworld shares a good speculative buy now?
Wipeout
As it stood, things looked dire for shareholders. The market cap had fallen to just £60m. And that’s with the balance sheet carrying $8.8bn net debt at 30 June 2022. Creditors get priority in any bankruptcy, with shareholders at the bottom of the pecking order. So any financial rescue deal would surely wipe out existing shareholders’ interests.
After January’s proposal to seek buyers for the company, I expect quite a few investors will have risked a bit of cash. They’d hope to make a short-term profit from any subsequent takeover. Now that an approach has emerged, does it make sense to buy?
On the downside, I fear there might be little profit to be made to offset the risk. Normally, a suitor needs to make a sufficiently attractive offer for shareholders and the board to approve. But these are far from normal circumstances.
Options
What options do Cineworld shareholders have right now? “No, you’ll to have to raise your offer if you want to take on its billions of debt“? That doesn’t sound like a strong negotiating position. Not when the alternative could be a forced asset sell-off that leaves them with nothing.
On the other hand, who else might be waiting to see the size of any Vue International offer? And who might try to beat it? I think a bidding war seems like the best possible outcome for shareholders right now.
Buying today would really just be a gamble. And that’s enough to keep me away. But I hope Cineworld shareholders are close to getting something out it. I’d feared they’d get nothing.
https://www.fool.co.uk/2023/02/13/the-cineworld-share-
Sounds about right but don’t we get a vote to agree any terms offered?
If a company has other investors, that is shareholders, you cannot simply sell it without their approval. However, you can remove yourself from the company by selling your own shares and resigning as a director.
Or have I got this wrong as we in ch11?