Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hooray. There is someone out there! Yep you might be right or some insiders have allegedly got wind of the extra provision on phone hacking damages, sure that wouldn't happen.
Hooray. There is someone out there! Yep you might be right or some insiders have allegedly got wind of the extra provision on phone hacking damages, sure that wouldn't happen.
Hooray. There is domeone out there! Yep you might be right or some insiders have allegedly got wind of the extra provision on phone hacking damages, sure that wouldn't happen.
I seem to talk to myself on the TNI board. Anyway anyone have a clue why there are a lot of small sells today depressing share price when rest of market is up?
Yep agree with both Hereshopin and Debegee. I was on their conf call yesterday. It may well be not a done deal as the proposed legislation yet to be signed off by the President could well get a rethink as it will effect many lenders including HP etc. Bonds are also down massively on a company still rated BB+. I could see maybe the dividend being cut back a bit but this is still a well controlled business, with reasonable bad debt impairment and cash flow positive.
This looks very much like a debt for equity switch to me....they are going to use pref shares to repay debt. As an ex ****er myself I am guess their lenders are unhappy hence the issue of pref shares which will give lenders 1st call on dividend so that's why SP has collpased - though this is being dressed up by GLI as all good news as usual. Will technically improve BS by the amount if Pref share issue and repayment of debt.
Yep. Lucky I got out of this company a few months back as I thought they were talking a load of **** then.
Nice little present before christmss!
I was going to sell this morning but didn't wish I had. Why down 3% today when most else is actually up for a change?
Down again today when everything else is up. This share is a dog. I sold off 4 months ago. Reason I really didnt like their business model or the way risk is managed through the growth of their operating platforms. The way they lend to SMEs is very risky in my view and we are still in the good times of low interest rates. For those still in I obviously hope I am talking through my backside.
Cant see any reason for this, nothing on the news front I can find anyway.
Sorry to hear that. I really do think analysts/brokers do talk hog wash. How can they come up with a comment like "Unfortunately, a large number of physicians aren't regularly reordering Varithena after completing initial patient valuations." without giving any explanation as to why physicians are not reordering. For all I know its because Varithena isnt working!! In fact the company leaving the explanation to investors imagination is hardly clever. I am only in for a few K but wont be tempted until the board start understanding why investors like me are so nervous.
Hopefully a good grab for you slipperyslope. My issue is this company trades at a PE of over 60 so major increases in T/O and profit are already priced in and some of their excuses smack a little bit of inexperience of how long its takes to get these products earning a decent revenue stream. Purely anecdontal opinion on my part.
This company more and more is claiming jam tomorrow. For example the reason given for a reduction in the use of the snake venom antidote feels like they are really stretching reason here.
This share has lost me 40% in last few weeks. It really started to tank after the announcement over a change in major shareholders on 9 June. Is this coincidence or can anyone shed any light? See article below: Pan African shareholders are referred to media reports during the last week, where it was announced that transaction agreements between the Shanduka Group (Proprietary) Limited (“Shanduka Group”) and the Pembani Group (Proprietary) Limited (collectively “Mergeco”) had been entered into, and the requisite regulatory filings submitted, in order to merge the two entities (the “Transaction”). The merger remains subject to regulatory and other approvals. Currently Shanduka Group holds 23.86% of the issued share capital of Pan African, via its wholly-owned subsidiary Shanduka Gold (Proprietary) Limited (“Shanduka Gold”). Pan African has been informed that following the completion of the Transaction, Mergeco will not hold any interest in Shanduka Gold or in Pan African. The direct shareholding in Shanduka Gold, and indirect 23.86% shareholding in Pan African, will instead be held by the following entities and in the following proportions: -The Mabindu Trust (49.5%); -Jadeite Limited (33.6%), an investment vehicle of the China Investment Corporation; and -The Standard Bank of South Africa Limited (16.9%). The Mabindu Trust is a broad-based black economic empowerment trust, with historically disadvantaged South Africans as beneficiaries. Pan African believes that the Transaction does not negatively affect the Group’s existing black economic empowerment credentials. For further information on Pan African, please visit the website at www.panafricanresources.com
Sorry to hear that. I hold bonds in IPF which have also seen a sizeable drop. Given the earlier run in with the polish regulator and now this I am wondering just how close this company really is to the polish market. I would have thought they would have seen this coming but apparently not. That in itself is a concern. Lets hope they issue a fuller statement setting out their views. Either way the cap on interest and now the cap on fees is going to be a significant issue for them and not one which they can 'product craft' their way out of which is something they have been doing to get around legislation.
Thanks I didn't see that.
Folks. bit disappointed Cello have not been more forthcoming on VAT. The Qs I have are around 1. How far back does this VAT issue go or does it relate to a specific period/mix of products sold as that will be a pointer to any future VAT liability. 2. If they now have to add on VAT to charities this will make them appear less competitive as charity may not be able to fully recover themselves. 3. They say other amounts less material but what does that mean in £s overall, they could have given an an indication especially if it was less material. Very subjective. Seen this all before elsewhere - I think they will just try and bleed this one out slowly.
Any ideas on share price dive today. Some odd and large sell transactions around 2-2.30pm which then get reversed out seems to have artificially knocked the price down.
Hopefully not !