Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
No value for online and market cap of £18
Share still ridiculously cheap if all is well. Still lending as normal. No update on complaints so can’t be any worst than already informed. I am almost at break even and will hold. This share was 40p before complaints surge and paying a dividend.
Why are there so many little buys
I am still in but sitting on a loss
More interest in why Kazakhstan assets sold. Probably returning cash
He said winter prices still over 240 a therm and placed the link to show it
Gold sales are in $ which is much weaker compared to the rouble. Profits must be lower rouble costs must be increasing. Hopefully the war will end soon
Soloman the dividend will not be paid until the ADR are converted into ordinary shares. No interest is accumulating on the dividends
The Russian holdings are valued at 1% of the value on moex. Eg 14 million Gazprom GDR are currently worth over £100 million on Moex but valued much lower by JRS
The MM,s let the trade go at a small premium so either they must have plenty of shares. The buyer knows nothing more than anyone else, HUR at 3p was not someone in the know. Hur at fractions of a penny was
I think he means regarding communication to shareholders (the owners). I have never seen a company delay accounts for 3 months without a reason. No reassurance on complaints or anything. I sold half my holding yesterday for a £3k loss. I will hold 120k shares but feel for the holders who bought a lot higher.
Did you sell out of morse
Now now peaky they banned you the other site for ramping AMgo. You are down over £20k on that
Time is on your side unless they do a trading update. Can’t believe the Nomad allowed that RNS. It contains absolutely nothing
The complaints are for historical lending and they either come via cmc or complain themselves. 40000 have complained already since 2017 and affordability complaints are dropping in this sector as most players left the sector. You would not raise money to pay complaints compensation. Too many complaints you leave HCC and concentrate online only
In March Trading update they said they would notify market of release date of results which would be in May. There was the warning accounts were going to be late and now they want 3 extra months. Lending is continuing. I am hoping it is an accounting error as auditor would not be asked to estimate complaints coming in. This is my opinion only so do your own research
Why would they need to raise cash? They have huge profitable loan books they could just stop lending and collect the money.
They would have to release any bad news if they knew exactly what is was. They could have found an error in accounts and investigating.
If it was terminal that would stop lending. They could wind the company up and still end up with a surplus
The website debt camel has a discussion board on Door step loans and Morse is not mentioned often. I don’t think they need to raise money as HCC still throwing off cash. The complaints for the second half came in at 7200 compared to 10200 first half but cost more to settle.
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