Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Today's agenda included draft law No. 11195 on "mechanisms for the protection of the property rights of third parties." But in fact, this draft law is about the destruction of the institution of property rights and ordinary raiding!!!
That is, if the enterprise has among its owners a person against whom the NSDC has applied economic sanctions, then the state has the right to take all 100% of the enterprise's shares. Not the shares of the authorized person, but ALL of them!!!!
And what happened. The MPs saw that there were no votes for this disgrace, fell into the cold and decided not to put it to the vote today.
Thought this would be a bit perkier this morning, between news of Chuka Umunna being drafted in to lobby, and the unions giving in. Whichever way this goes now is good for IDS shareholders.
I assume it's just traders getting bored because they haven't made 20% in a weekend.
From Evil's blog:
However, late in he afternoon it emerged that the Czech Mr Daniel Kretinsky had been turned down on 11th April by the board of IDS when he had sought an agreed bid of 320p. Indeed the board considers that 320p is below a reasonable offer. My guess remains about 400p. Clearly some punter or punters elected to jump the gun when buying on Wednesday morning. Why the election?
Anyway, IDS remains a stonking buy at under 300p.