Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
FY21 ended in November 2021, so why are current financing talks (over 5 months since FY21 ended) holding up the publication of the FY21 results??
Surely they must report on the state of the company at 28th November 2021, and anything financial imminently achieved would be pertaining to FY22 and cannot be used retrospectively??
Obviously EVR notified us that there would be no Trading Update this month, but at which point must they make some Trading Statement to satisfy regulatory obligations - Annually, 6 monthly??
Stu
Some posters here would get more credibility with balanced posts, wildly optimistic ones are so dubious
If its such a good share, why has the price plummeted to roughly 1p from over 30p a year ago??
Morrisons don't have 'shares' they are owned by a private equity company
These actually might turn into a good investment, from this price level - but I bet there would have been optimistic posts about Intu, HMV, Debenhams etc etc too, and the all went bust
All in my humble opinion
Assuming we return to 'normality', I think that after a respectable length of time EVR may well go down the demerger route with RASP again
Currently I think its a complete bonus that its been cancelled, the true share value won't be seen until divis are restored, so valuation will be a factor of divi level, to some degree, imho
Stu
I seem to remember the likes of Standard Life (abrdn now) exiting abruptly, so it must be at least in part the reason for volatility? BOO has possibly also gained a reputation as a traders share, so as a generalisation, why hold long term when there's maybe more to be made coming and going, so to speak - there's even a recent post saying as much!
Shorters like the volatilty
t4g thanks for reply
I have a modest BOO holding, I have an explanation for the volatility - when controversy struck BOO regarding labour practices the Institutional Investors fled, they don't want to be associated with controversy...the share price slumped and was bought by private investors, who are more likely to 'trade' the share rather than Institutionals, who are usually in businesses for the long haul, therefore the share price becomes more volatile
Vine9 - I sold this morning too, didn't invest much originally, but I understand what you mean about being tempted to buy back in - not sure if MCLS actually own stores or just lease them, but even the stock (inventory) they hold might match the now £3.36m market cap??
Its like a deal has already been done, somehow - surely a reported £97m debt can't be fatal (£97m isn't a big deal these days), and why continue with conversions to Morrisons Daily, if the debt needs settled?
I feel sorry for those that bought shares in the placing last August, seems they were promised much but are now told to expect little...
There's maybe a currently unknown nightmare scenario in the probably to be delayed accounts, which will see the shares suspended due to breaching the regulatory timescale
Perplexing indeed