Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tomorrowtoday, given your bleak view of the company it may be best that you sell your shareholding as I don't think that you recognise any redeeming qualities, or any hope of improvement based on anything other than luck. I know it's not my place to advise others, but for your own sake perhaps best to move your money into owning a piece of a company that you actually like?
Tomorrowtoday, perhaps there are benefits to these arrangements. Could it be that Panagraph is able to sell more volume, more effectively, and more efficiently than Tirupati would sell directly with its own sales teams etc. Selling through a third party keeps fixed overheads off Tirupati's books is smart. A pure-play manufacturing business using a sales and marketing company is not unusual at all. Likewise, with the machinery manufacturing could it be that the Poddar association/relationship will ensure prioritisation of Tirupat's machine orders? Would it be better to go to another machinery maker just because they have no vested interest in Tirupati? Could Tirupati get favourable terms from the associated machinery supplier, rather than an unassociated one? Should Tirupati not be a mining-focused company at this stage rather vertically integrated?
These arrangements do not imply that Tirupati shareholders are being fleeced. Not all.
Take encouragement from the fact that the Italian government sees the potential that lab-grown meat has in commercial viability to be a significant enough threat to their slaughtered animal meat industry.
Overall I agree with Paul Scott on Volex and for the same reasons I'm invested here, but Paul Scott's track record is hardly noteworthy (I have been on Stocko for several years), so I'm starting to question my judgment :-))
Oogleflugal - to put a bit more meat on the bone ...
https://thecaninetimes.co.uk/good-dog-food-rebrands-to-meatly-for-uk-launch/
On a bit of a roll the last few weeks up to 67/68p but on diminishing volume. Nevertheless always good to raise the base level from which to rise again on better news. Holding and hoping.
The share price action in the first few hours this morning suggests either a) apathy or b) no consensus as to whether this is a positive or a negative. But we should remember that the directors are bound by law to do what is in the best interest of the company.
Potentially ........ This sounds similar to the Agronomics (ANIC) situation. A kind of parallel private fund was created loosely attached to ANIC by common shareholders (mostly insiders, their friends, and a few institutions) that invests alongside ANIC in the same portfolio companies. It smacks of "well we got that wrong so let's start afresh but we'll abandon those pesky small fry while we're at it).
What you have then is a situation whereby the original fund and the new fund have the same major shareholders and these two funds kind of pool their resources so one tags along with the other, The beauty of the new fund is that it's not encumbered with the risks of the original fund (we are not invited to the party), but on the upside, it gives the original fund a little more power. Meaning, in the case of ANIC, Jim Mellon and the Board make the decision for both the new and old funds.
Increasing NAV, share buyback, and share cancellation (not new news), and no fundraising while SP under NAV. As soon as interest rates start to fall this one will claw back to 15-17p IMO just on today's investment portfolio. Given the significance of alternative sources of food in the future, I still expect ANIC, despite the convoluted business model to a large extent created by the majority shareholders, to provide substantial capital gain opportunities for the current small fry holders.
Yes, the value of CPC pretty much reflects the value of its assets.
I have averaged up and down like a yo-yo over the last 4 years and now have a hefty chunk at 108p.
CPC does need to generate more cash to have a bigger margin of safety on its debt obligations, but I also think that with drinkers concentrated on fewer pubs, and CPC's own great productivity efforts, we should see a more robust buffer soon.
CPC
Book Value £92.9 million
Book Value per share 88.9p
Share Price 89p
MCap £92.89 million + £22.20 million net debt = enterprise value £115 million.
"...... the vast majority of their (Africa's) populations survived." Yeah well, there are 1.426 billion people in Africa. Statistically, you could say that no one died in Africa.
I think you're suffering from Survivorship Bias. Strangely, the dead have no voice.