Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Anyone an opinion on why the meteoric rise from 70 to 80 over last few days? Not that I'm complaining mind.... ;)
Well it looks like the Sunday times article has attracted some interest in this company! It'll be interesting to see how high it goes, not sure whether to take my profit now or hold for the longer term.
Yeah, looks like a significant purchaser doesn't it? I'm quite a bit down on this stock, but I do like the long term look of it; nice to see some positive movement finally! Would be interested to know what the 'removal' of Andrew Shortis was about - "agreed to step down" certainly suggests he was kicked.
I agree the sooner Greece defaults the better as this uncertainty isn't helping, the reality is Greece can't afford its debt and it isn't prepared to make the savage cuts needed to keep ECB/Merkel happy. Yes the Greek economy needs sorting out, its pension system is staggeringly generous, its tax collection is a joke, and its economy is awful; but if the Greeks don't want to sort these issues out (and since they democratically elected a party that stood for NOT resolving these issues). Reality is, they should NOT have been allowed into the Euro until they had sorted some of the fundamental issues out, Germany/France messed up in cheating the rules to allow them in anyway and now they're paying the price. Either Merkel takes it on the chin and eases up on the demands on Greece, or they need to properly be firm and tell them 'either you make these changes or leave Euro'....imho this brinkmanship is just causing market jitters. Meanwhile GBO is clearly suffering even though Grexit/no-Grexit wouldn't really have any significant impact on the company; ironically Grexit might acually help it a bit as it would slightly reduce its staff costs.
Yeah I sold after the last update, very disappointed as I was expecting them to be at the 'taking orders' stage by now, instead it seems like version 1 of their flywheel might have been too expensive, hence the creation of a 'cheaper and easier to assemble' version 2. This would seem to explain the delay, and the return to prototype testing over the last few months. I'm keeping a close eye on this one though, as Avia (I think) are now running an evaluation bus, and they've proved reliability with the track testing; I can't see orders being far off at all. As you've said though the falling oil price doesn't help, but a large part of the cost of fuel is in the governments taxes; so even at $40 a barrel the fuel cost will still be about £1.00 per litre. I'm thinking to buy again in a month or so if I can ever sell some QPP shares for a profit
Interesting times with change of chair, I'm down on this one since I bought at 21. But I'm sticking with it as I get the feeling that they're not far off turning a profit. hoping the statement on the 26th includes a result of the bus flywheel trial, hopefully the start of contracts for installation. /crossing fingers