Member Info for schlemiel

I'm hoping we're seeing the back end of the placing distribution. The price should tell us.

Get the placing drag out of the way and we may some proper strength.

This is SEE. This has been SEE since god knows. SEE is what it is. It's either a hold or not. You either believe or you don't.

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Nm

Nm

A classic proxy fight

In the history of such contests, there have been occasional winning outcomes. Going back to the 1990s, I recall the Anglo-French businessman Jacques Murray wresting control of hire group Andrews Sykes Group ASY

3.62%

whose shares rose from a low base to a 500-600p range in recent years. Coming back to Buffett’s point, however, the group’s underlying businesses of heating, air conditioning and mobile pumps was sound.

Boohoo’s share register shows few significant institutional holders to approach and get on side to win a vote. Schroders appears to own nearly 12%, Camelot Partners 6% and Baillie Gifford 4%. Otherwise, private client brokers, including interactive investor, near 4%.

The founding Kamani family interests may, at a guess, control only about 20% nowadays given that two key members hold nearly 17%.

The uptick in Boohoo’s stock price is recognition of a catalyst in the wings but, given this business’s predicament, it seems highly speculative to get involved just yet. A dilemma is Ashley’s dislike of the media, so I would not expect a detailed published strategic review if he becomes CEO. My sense is of him being more of a “judge-me-by-my-results” operator.

My wariness could be overdone but for now I can rate no better than “hold”.

Edmond Jackson is a freelance contributor and not a direct employee of interactive investor.

Https://www.ii.co.uk/analysis-commentary/stockwatch-can-activist-shareholder-unlock-value-ii533346?utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP&utm_id=211916&sfmc_id=36429210

The demand could spark a power struggle between Mr Ashley and Mr Kamani, 36, the billionaire founder of Pretty Little Thing, which is owned by Boohoo.

The son of Boohoo co-founder Mahmud Kamani, he has been tipped to take over from Mr Lyttle.

Analysts at Shore Capital said the battle could be an 'explosive blockbuster event' that would make Mr Ashley's Mulberry bid 'look very tame'.

It added in a note to investors: 'We would suggest shareholders await the outcome of the boardroom tussle, maybe with popcorn to hand.'

Mr Lyttle, who joined from Primark in 2019, will stay until a successor is found.

'The first announcement was a definitive agreement to divest the Telfer mine and our 70% interest of the Havieron project in Western Australia for total proceeds of up to $475 million. We continue to progress the closing conditions and expect to complete the transaction this quarter.'

https://finance.yahoo.com/news/q3-2024-newmont-corporation-earnings-071145773.html?guccounter=1

Thanks for the context, explains the negative tone of today's WA article..cheers

Cheers gents. Bit a panic then..appreciated

Greatland Gold set to take over famed mine Telfer with one tailings dam still not fit for use

Headshot of Simone Grogan

Simone Grogan

The West Australian

Fri, 25 October 2024 4:57AM

WA mining safety regulators will keep a close eye on one of two tailings dams that have caused major headaches at the Telfer mine in the Pilbara under future owner Greatland Gold.

https://thewest.com.au/business/mining/greatland-gold-set-to-take-over-famed-mine-telfer-with-one-tailings-dam-still-not-fit-for-use-c-16307218

You're

The only way that can happen is your buying off bid and selling on the offer which is counter intuitive if you don't have DMA order book. the spread is the cost

'we will naturally continue to assess in parallel any potential third-party pathways that may offer greater risk-weighted value for our shareholders'

that's a nod by Antipa to Telfer and GGP.

'The results from this fan drilling could be extremely encouraging and may take the pressure off a Havieron start date.'..that would be highly beneficial to GGP

'instead accepted, over a timescale, payment from Havieron'

Newmont have been very accommodating. They could have demanded cash payment but instead accepted over time payment from Havieron production cashflow. That allowance eases cash pressure on GGP. Most companies would demand immediate cash payment. Having cash today is far preferable than having that same cash some years down the line (inflation, uncertainty of payment etc).

Berenberg appears to have forgotten that Newmont from whom Greatland is buying the assets is a 20% shareholder of, wait for it, GGP.