Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Obvious reasons why Oculus, the risk averse wont buy until/if stability resumes. Shouldn't be long either way.
For those that don't know, the vote is on the right of the screen on HL when you log in under 'shareholder meetings' you need to use desktop not app. just voted 'against all'.
I don't think that the a forced takeover is good for either business, short term at least and i have some boo stock too for the inevitable bounce, but here is where the big shifts should happen short term. Doubt the vote will need to happen but everyone should vote against just in case. ..
Boo shares holders are effectively voting anyway, via their 26% holding. They just don't get a choice which way!
I see why you want this Christina - you posted this on boo board. ''Added 20,000 yesterday at 34.4p to take my total to 130,000 shares. Looking for 60p next year. Good luck everyone!''
''Again you're missing the point. Rev B could take on more debt if need be to help the business but we're not talking about what the Company requires. The concern is with the actions Boo are prepared to take to take full control of the Company.''
yes, which obviously doesn't look like they have saved it! Your arguing with yourself.
Amigo was the dodgiest company in the last decade, wouldnt have touched it with a barge pole.
That doesn't look like a rescue play to anyone with half a brain, that looks like a dodgy scam to most when we KNOW thats not the case! where do you get this stuff from!
'' they would be seen as rescuing the Company.'' by who??
I think its pretty obvious to most that the company is fine and profitable, us, the board, the media .. who would see it as a rescue play? Their pet hamsters..
Boo need to come out and say what their plans are for the business (as bob openly asked them them too) at least then PIs minds would be put at rest. The fact they haven't is the only bit im worried about, as it does suggest skulduggery. They say they want growth .. but is that after or before a dodgy takeover play!!
None of what you describe is simple and has a lot or risk attached, potential brand damage alone (boo and revb) not to mention a tonne of potential legal challenges along the way .. it would be an obvious scam to defraud PIs. Can you imagine how the press would go at Boo, and brand is everything in their game ... lets see but its highly unlikely imo
Dont need to do my homework, worked in large scale M&A for 20 years.
firstly they lose 26m, that alone would take 2.5 years to get back at current ebitda! its not worth it. Your also missing the point, customers wont want to work with boo after a stunt like that .. there is huge risk on their part, and if they place one missed step in such a dodgy scheme they will be in court in an instant.
The problem is momajid that if boo did force an admin situation not only would they lose their 26% instantly and have to rebuild but half of revbs customers would jump as they don't want to deal with boo or a company in admin, and the brand could end up destroyed. They could end up in a really bad situation as appose to potential long term gain. I really don't think its worth all the hassle and risk on their part. Pre pack admins are also very few and far between as people see them as daylight robbery, and if that played out in the public eye and media for everyone to see how dodgy boo are destroying a profitable company it could also really damage the boo brand. just not worth it at all.
Yep mind games to keep it low... play the angles.
I know all that hereshopin, it wont happen, again it was bob who suggested it. (we know why however).
Im not saying it will happen (it was bob who suggested it, not me), but id say thats their idea scenario, grab the asset, production footprint etc on the cheap and suddenly have a global beauty brand... thats what boo have done with nearly every business they have scavenged.
IF BOO actually wanted this to thrive in its current form they would buy a few extra percent and make an offer. They don't want to do that as it would mean paying fair value. They wont.
They want it in admin, thats obvious. With regards to bob, don't believe for one second he has our interests at heart. (unless of course they align to his). As long as he gets a massive payout and his stock intact im sure he will gladly step down .. every party in this is self serving
From 37p to 30p in less than a week is very annoying
Thats the problem, he suggested boo could force our lenders to pull funding if they took control, the great unwashed listen to this, especially from the CEO - hence the price. Although his buying should have tempered this ...
The business itself is in good shape the risk is being caused by boo and a power struggle. In the end however it will gap up once sorted and then those on the sidelines probably wont have the chance to get in at cheaply, especially if its pre market or after close, thats when you get spiked. Suppose it depends on your risk profile.