PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I bought these when the news of interested parties first broke hoping that the interested parties would be a little bit more interested than they appear to be!! I was looking for a fairly quick return to invest in another interest but sadly I have waited so long that I am going to have to hang around or make a hefty loss on my investment here as the sp is now so low! Come on Global...get your wallet out!
I see Castellain have made 2 purchases of 100k shares yesterday. Slightly more significant than the usual RNS announcing sales of small numbers of shares but hasnt affected SP in any way. Hopefully we will start to see some developments here soon!
It would be nice to see the sp getting close to the NAV!! http://www.iii.co.uk/investment/detail?display=news&action=article&code=cotn:RTY.L&articleid=7346205
I know the financial amounts havent been great but all the trades for the last 3 days have been sells. Spread is also tightening slightly so would be nice for some snippets of info from RTY even if it was only to confirm that negotiations are ongoing. They havent even posted on their own website details of the forthcoming AGM. I know that technically we are still within time for the Global bid but I am getting a tad suspicious that it is dead in the water. Any one else got a more positive spin?
Thanks for that very useful post regarding the 2 Raven's. It certainly put things into some sort of perspective. I have to concede that I too was getting a little impatient as I hadnt expected to have held these shares for quite so long given all the "activity" in March, but based on your findings I think I can hold on a little longer. GLA
8 Trades today which is unusual in itself.......but all sales almost 250k sold. Bid 8.75 Ask 9.5 is lp
Look above it will likely be the same as it is now going on recent activity!! lol GL
Just been notified as follows: The board has announced that the company is proposing the following resolutions at an AGM to be held on 15th June 2009; Res 1. To approve and adopt the annual report and consolidated financial statements of the company for the year ended 31 December 2008 Res 2. To re-elect Ernst & Young LLP as auditors to the company until the conclusion of the next ordinary general meeting Res 3. To authorise the directors to determine the auditors remuneration Res 4. To re-elect David Allison as a director of the company Res 5. That in substation for all previous authorities, the company be generally and subject as hereinafter appears, unconditionally authorised, in accordance with section 315(1)(a) of the companies law 2008 to make market acquisitions of redeemable preference shares of no par value in the capital of the company and to cancel such shares or to hold such shares as treasury shares
I am not a decorator but I do think that this paint must be nearly dry!!
There is only one formal registered offer at present a cash offer potentially from Black Sea Global Properties which was made on the 17th of April. There are other suitors though who have shown interest but not made formal offers. If Black Sea progress with their offer then others may make counter offers. Even without the offers this Company is probably undervalued at current sp.
If we exclude weekends then by my reckoning we are only on Day 21. With weekends included we are now over the 30 day window, so assuming that weekends dont count.
They issued an Interim Management Statement on May 16th last year and then another in November so it looks like it wasnt a sign for us!!
I have been on the road for last few days so havent had access to level 2 but before I left there were no buyers or sellers waiting in the wings for a few days. There are buyers and sellers today on level 2.
I was surprised too as there was no mention on RTY site that I can recall forecasting that they were going to release the Interim. It did seem to come out of the blue as you say so soon after the annual report!
Is there anything to read into the timing of this rns given the deadlines for Black Sea or was it expected?
I would avoid recruitment like the swine flu too! Only have a fairly small portfolio with long term holdings in RTO, medium to long in GKP and short(ish) holding in these at the moment. Only been involved since Feb and now hooked so will increase soon but just keeping small initially until I really find my feet.
Same issue happened with Hoodless due to a database error but all corrected now except any active trading carried out this a.m. which will be rectified at end of day.
AGM today so will be interesting to see if it affects the prices. Q1 Update recently was very good so I doubt there will be any bad news.
Thanks mate. I wouldnt normally invest in property at present. I only got on this a few weeks ago because of the interest being shown in the Company so had a punt in the hope of making a few bob in the relatively short term. I remain hopeful!
One small sell and a slightly lareger buy and the price drops! Come on Rutley put us all out of our misery! Paint can only be watched for so long!! lol