Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I owned it a few years ago and made some good money before selling out. Last year I decided (wisely in retrospect) to get back into Japan and saw how this stock had gone down so bought in again. Great call huh?
Agreed Pedro my thinking exactly
I own the 6.5% which is 100% guaranteed as opposed to 20% on this one . The offer is to convert current bonds to the new offering. Seems to me that the lower risk option is to buy gilts or treasuries and get 5%+ as well as the capital appreciation once rates drop as we enter recessiln
I have held the view for a long time that the management's priority is to get a sale or deal done. When I asked Majid before about takeovers at the agm he answered enthusiasticly that was definitely in his site. He also bigged up John Festival as a deal maker on another call.
If regular shareholders were important they would do their PR and get their results out on time. Aimho.
Added today...Oil looking oversold and likely to retrace. Also in expectation of some good news from i3e in the next few days
https://twitter.com/Ole_S_Hansen/status/1638608443572363271?s=20
102K no
Most pundits I hear still seeing 100. Interesting observation from GS that oil is more sensitive to spot shocks.
GS asks: "Why have oil prices not risen over the past three months despite sharp rises in 2023-2024 global GDP growth expectations?"
GS answers: "Our main answer is that the oil market, which remains in a spot surplus, is much more a spot asset than an anticipatory asset."
Great interview just after 9 on bloomberg this morning. Sees oil back at $100 later this year and commodities supercycle still well underway. Important day today imo with China beat overnight
I asked majid at the agm if they were up for sale and he said that he was no longer a spring chicken and was thinking about his exit plan. He also highlighted yesterday John festival's track record as a deal maker which he didn't need to do so yes I think he will be very keen to sell.
Now cleared 700,looking for a retest of ATH at 805
I went to a presentation at Investors Chronicle a few years ago where Evy Hambro was presenting. He looked a bit beleaguered as his fund had been hit quite badly but I bought in shortly after. Commodities are a cyclical play and I am holding on whilst taking the excellent dividend on the way. Imo this still has legs, especially once China get back on line
Always best to read the comments later on in the RNS, pointing to risks especially in US, At the moment any weakness in tech gets punished
"In the near term, prevailing economic conditions are expected to continue to prolong sales cycles for some of the Company's larger strategic enterprise opportunities especially in the North American market, but management is focussed on ensuring that the business maintains a lean cost base to support margin enhancement and to protect cash flow. Access Intelligence remains well placed to take advantage of its global opportunity through its market leading products and award winning media insights offering."
I attended today's presentation. It was quite short but I asked about the divi. Majid said that he was well aware of the demand for an increase and that they are currently reviewing the capital plan so expecting an update in December