Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Institution maybe sought clarification, therefore time taken...in honesty, I sold my modest holding at opening - the cold light of day dawned.
Where there's a will, there's a way but BOD don't seem to have the will, imho
Yep, I read that NAVYRRET, maybe didn't convey my thoughts too well, please indulge me...there was a raise last August at 20p, my holding bought today averages 2p, therefore I have 10x the shares that I may have, compared to then - if MCLS re financing should dilute my holding by say 10x, then it would be like shares cost me 20p BUT I would be holding in a business that's better financed and taking a new, more profitable direction via Morrisons Daily, in the main.
Much hypotheticals from me there, granted, but current market cap of £5.19m makes little sense, and surely must rise
Gheko are saying that, in your scenario, holdings are going to be almost diluted to nil? They can't just kick out current holders, surely?
What likelihood, with MCLS converting to Morrisons Daily apace, and effectively talking down the share price seemingly (and therefore market cap) that they are more looking for a buyer, than financing??
Lol, I chuckled Woodstock...would have imagined their profit margins for sweets, juice etc would have been higher than the average supermarket, as convenience shops are usual more expensive comparatively
Agreed beardozer - RNS wording was bizarre, started off with talk of softer trading over Easter, then Morrisons Daily performing strongly and optimistically
Am I missing something? Revenue £1.2b but Market Cap £5.6m, debt a manageable £100m??
Anon - not cynical, just reading between the lines...EVR have put nothing out in the press to decry the unfairness of the suspension, nor taken legal measures to have it overturned (to my knowledge), therefore there is some unstated acceptance of the FCA decision, for whatever reason.
Stu
I more feel that we are in a 'least said, soonest mended' situation with the FCA/Govt - EVR and the authorities may have reached an unstated agreement to leave things as they are for the moment - possibly Govt actually do have some 'dirt' on EVR, but EVR could potentially beat them in Court on the way things have been done...
Govt don't want the potential embarrassment and EVR don't want any possible reputational damage
All in my humble opinion
Stu
Ralph - the company should conserve cash currently given the circumstances imho, a scrip divi would be better than nothing at all (some investors have intimated here that they would reinvest a cash divi in more EVR shares anyway) and as I have suggested EVR could instigate a buy back programme at a later juncture, which would negate any dilution a scrip divi would cause
Stu
Any thoughts on if EVR issued a scrip only dividend in the current circumstances? It would enable the company to conserve cash, and there is always the possibility of EVR conducting a 'buy back' programme when the world returns to sanity??
Stu
Hi Large Gin, my wish that we could return to discussing SP movement wasn't aimed at yourself, just a general wish for business to return to normal really.
Might be a while though before suspension is lifted, but I plan to hold long term as a dividend stock, so am being patient currently
Stu
The argument regarding 'missile pointing' works both ways, however.
The chance of France invading UK is zero.
The chance of Mexico invading USA is zero.
The chance of Russia invading Ukraine is, well we know the answer to that...
That would then make it justifiable for Ukraine to wish to have NATO bases??
Putin has rolled the dice here, stranger things have happened than regime change because of failed military operations - populations want to distance themselves from under achievement, Russia can be viewed as a financial underperformer too, with a similar GDP to Spain (I have read) considering the vast natural resources at their disposal, disapointing??
Reaction in Russia will be interesting when soldiers head home, say even on leave - the true situation may be better revealed to the population, rather than what the media is permitted to say