Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yes just saw that - guess I should have checked 1st
Happy days! I just thought the video looked a little too polished but seems totally legit which is great
Invested here but does anyone else question the validity of that USA video.
Sorry to cast doubt but it could be an elaborate hoax using uk interview footage .. really hope not but it seems a bit overproduced almost like an advert with extra visuals in there etc.
Ive sent this email to investors email at syme below ... has anyone asked or covered this before?
Hi I hope you are keeping well. I am interested in buying shares in your company.
Basically I am trying to find out if there's any potential issues with this.
In your experience can a supplier can get a retention of title clause which still stands concerning goods which are sold. Obviously not possible if the goods are gone to the next supplier or consumer but in the case of the onboarded customers here the stock is still on their premises.
So Supplier A sells it's stock to the SYME customer (customer B)
In supplier A's clause they say
"Our business continues to own goods we have supplied until we are paid, and we can enter the customer's premises to recover them once payment is overdue"
Would they have any chance of getting a clause like the above including those which are already sold but still on customer B's premises.
I guess once the inventory is monitised there's no obligation for the customer to pay their supplier at this stage and could in theory still leave it unpaid with their supplier.
Many thanks for your time!
yeah just to answer my own question
UK logistics company Eddie Stobart has suspended its stock trading, following an investigation which found a £2m accounting-based error in its 2018 accounts.
This development comes after the appointment of chief financial officer Anoop King in April and his investigation into the company’s finances. King’s review found that the company’s 2018 operating profits were inflated by roughly 4%.
This review was conducted with the support of the Group’s auditors, prompting the Board to apply “a more prudent approach to revenue recognition, re-assessing the recoverability of certain receivables, as well as considering the appropriateness of certain provisions.”
In a letter to stockholders, the company also announced that its 2019 profits would be significantly lower than anticipated. When trading was suspended, shares were going for 70p – a far cry from the £1.60 they fetched when trading opened in early 2017.
Change in leadership
Eddie Stobart has not publicly announced what the accounting error was that led to this mistake, but its impact has been felt across the company and its assets. Former chief executive Alex Laffey has stepped down from his position, leaving Sebastien Desreumaux of iForce and Contract Logistics to pick up the pieces.
Related Content
Audit Audit news round-up - Sports Direct saga continues, GE 'accounting fraud'
Insolvency Insolvency: Recognising the warning signs
Moving forward, Eddie Stobart’s board has “full confidence” in its management team, although it does not yet know what the full extent of its accounting mistake is.
In its July half year trading statement, the company said, “The likely cumulative effect on the results for the year ended 30 November 2018 will be to reduce adjusted EBIT by approximately £2m.
“Although the 2019 adjusted EBIT impact of these matters is £1.6m we expect to deliver a full year result in line with the Board’s expectations. Further details will be included in our Interim Report.”
These six-month interim results were due to be published on 29 August but have now been delayed until early September. As the company’s adjusted EBIT changes, its dividend policy is also set to be reviewed.
Hi, wondering if any fellow investors can offer up advice as to what happened ESL share price in the Autumn of 2019 to cause it to drop so much to the levels seen through 2020
Realise this is a bit lazy to ask! apologies in advance
managed to get them at 2.61
Not ramping (If I thought ramping actually helped I might consider it) but very hard to buy here at 2.60 ... was able to buy £1000 worth after about 20 mins of trying .... trying to top up wifes isa for the same amount
Alot of talk about BRH holders investing their dividends when they are paid tomorrow.
I will be receiving a divi from BRH but I never pay much attention to when divis arrive in my account (interactive investor)
Are fellow holders expecting this to be paid into their isa/trading account tomorrow? Surely it takes afew days after the payment date before it clears in your account?
……..…../´¯/)………… (\¯`\
…………/….//……….. …\\….\
………../….//………… ….\\….\
…../´¯/…./´¯\………../¯ `\….\¯`\
.././…/…./…./.|_……_| .\….\….\…\.\..
(.(….(….(…./.)..)..(..(. \….)….)….)… )
.\…………….\/…/….\. ..\/……………./
..\…………….. /……..\……………..…/
….\…………..(…………)……………./
Hi I’m invested here .. quick question to get a snapshot of people’s opinions, no doubt this will irritate some people but here goes
Sorry if it’s been done before but question -
could you see yourself taking any of the Covid vaccines when they become available .. just a quick yes or no
Mines a no - age 40 no health problems I am aware of
Emailed asking for an order myself .. despite my having a busy e-commerce site and online shop they didn’t even bother responding (sent Monday morning )
Tbh I’m taking it as a good sign, maybe they don’t have the time to respond to small fish like me - let’s hope
Some people need to calm down - last monday the price dropped to 0.9 p for a second or two and settled around 1.10 - 1.30 for a while.
The following monday it was approaching 7p
Movements like this are of little consequence to the BOD - as soon as another piece of news hits this will be up 100 - 200 %
If you can't handle these kind of movements stick to FTSE100 or NASDAQ companies
Just buy and hold now if you can afford to. You know you will be dying to buy more when they hit 5p next week just buy now instead for half the price and enjoy
Exactly ... if it's got to the point little Timmy isn't getting any Xmas presents this year as a result of your losses then you need to consider you might have a problem.
If however your PF is down then remember time is a great healer for that issue (of course can also make it worse)
Last monday my entire PF was down £25000
Yesterday morning when RMS was soaring PF was about £5000 up
Haven't checked today but now it's probably £10000 down
Last weeks Pfizer vaccine news helped the RMS price down to 1.10 (managed to pick up some at 1.30)
How many people would have given their right arm to get in around 5 yesterday.
RE the masks, would you like to upgrade that useless mask to one which kills coronavirus and most other viruses for afew pence? Sure why not