Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The direction of share price movement is largely based on expectations. Pelatro's results were bad but not as bad as was already priced into the share price, so the share price increases (for now, at least). Presumably QinetiQ's good results were not as good as the market expected, so the shares fell, again at least for now. Obviously in the long term, the share price of a company that produces good results is likely to make better progress than one that does not.
Interesting article, Nutmegmilk, but I would take the claimed lifetime range of 4 million km based on 4000 charge cycles and a range of 1000 km per cycle with a pinch of salt. Battery capacity degrades with time and is typically only about 80% of the “new” capacity at the end of the useful life of the battery. Nevertheless, such a significant increase in the range per charge would make a big difference to the usability of battery electric vehicles.
I suspect that this BBC interview will not help much either!
https://www.bbc.co.uk/programmes/w3ct32g4
The danger is, as the share price continues to plunge, the Directors will ask themselves whether they need to pay such a high dividend. If the divident were halved to yield about 5%, the yield would still be relatively attractive. What would such a dividend cut do to the share price, though? Given that the share price seems to be on a bit of a downward spiral at the moment, the answer might be "not a lot - the spiral will just continue". How can the spiral be arrested? Well, the only way to encourage buyers is to increase the dividend, which seems unlikely to happen, or to provide some news that the market finds attractive. Let us see which, if either, happens.
Power = vots x amps. If the volts are increased from 12 to 48, for the same power the current falls by 75% to a quarter of what it was on a 12V system. This does not mean, of course, that only 25% of the copper would now be needed if the operating voltage quadrupled, as sizing of conductors is based not only on current carrying capacity but on mechanical strength of the conductors, but there would be a significant saving on the heavily loaded circuits. In short, a 48V system will result in a significant reduction in the copper needed in an electric vehicle, compared with a 12V equivalent machine.
Re the annoncement on 4 May 2023. It reads as follows:
"Hard copies of the Scheme Document and Forms of Proxy for the Court Meeting and General Meeting
are being posted to Xpediator Shareholders and, for information only, to holders of options or awards
under the Xpediator Share Plans."
Has anyone heard or received anything yet? I have not got anything via Smart Investor. My intention is to reject the offer and I wish to make sure that I do not miss the chance to vote.
Thanks
Surely the only reason for the share price to increase that is worth having in the long term is good management and company performance. A short term IC/ST blip may be ok for short term holders but I was hoping to have a good, sound, longterm investment here. Unfortunately there has been precious little sign of that, to put it mildly, here so far.
I think most of us share your frustration, TerryM1. This takeover, with the likely Squuzeout provision enactment, is little more than legalised theft. I am losing about 30% on my holding.
Investors Chronicle gives the following data in the 21 April edition. EPS NTM 514p. The same figure one month ago is 380p and 3 months ago it was a mere 8.6p. With the estimated earnings per share over the next twelve months being about 2.4 times the current share price, and the estimated figure increasing so rapidly over the last three months without having much of an effect on the share price, I am wondering if the data is correct. Has anyone else seen these figures quoted elsewhere?
Noted, JPDT- Note, however, the pressure in the offer for us to accept quickly. Why the hurry? Any decision can wait until the acceptance deadline. That is what it is there for. No one other than Mr Sagi will gain from an early decision. Also, who benefits from any acceptance? Mr Sagi, clearly. He expects to profit from the takeover. There is no need for anyone other than Mr Sagi to panic over any delays in people accepting his poor offer. Unity is strength with this one. If we sit on our hands he will deservedly fail.
True, IWantThatOne (although I thought the threshold was 75%), but the first offer elicited very few acceptances and if this one gets the same result Sagi will fall short. The whole tone of the offer is one of threats and bullying to encourage people to panic and accept the offer. If we keep cool, the offer will expire and Sagi will fail in his opportunistic bid.
The view of the independent directors, as posted this morning, is that the marginally increased offer that was made this morning still undervalues the company. I agree and do not intend to accept it.
You do not have to accept either. I am not accepting and am retaining my shares, as per advice in the IC. Unless enough people accept the offer to give Unikmind 75% (they currently have around 53%) of the shares, they cannot take Kape private without a vote in their favour. Failure to reach the 75% level would give them the choice to increase the offer or abort the takeover attempt, at least for now. At the current acceptance rate, which is minuscule, Unikmind’s offer will fail.
The two RNSs today are clearly encouraging but the shares may drift back until RNSs start to say that Kromek is profitable, rather than just cash neutral. I bought in at about 15p so I suspect I will have to wait quite a while before I break even.
53.8% are currently in favour of the offer, if I read the document correctly. I do not see that the rest of us need to accept the offer based on that, as we would still be a very sizeable minority.
"Kape shareholders who have not yet accepted the offer are urged to do so as soon as possible," Unikmind said in its statement on Tuesday.
Yeah, right! They must think we are daft.
The results are heading in the right direction but unless costs are reduced significantly, on a simple straight line extrapolation (not likely to be right, I appreciate, but it will do as a crude guide) it looks as if sales will need to increase 25 fold for the company to approach break even. Will Renx get close to this before the cash runs out? I have my doubts.
There is a site called hotcopper.com.au, which may be of assistance. It seems to be similar to LSE, but for the Australian market. MTR comes up on that site.