Member Info for TalygarnTom

https://www.reuters.com/article/us-zambia-tax/zambia-slaps-miner-first-quantum-with-8-billion-tax-bill-idUSKBN1GW2FD

If you are on Twitter checkout Aston Girl @reb40. She's great and a very knowledgeable and astute share picker.

Chief, thanks for the well considered and objective comment. For info, I believe that the Hardman report was commissioned by Koovs but I can't hold that against them given that they are trying to raise the additional capital. I don't think that they are likely to raise �50m but I saw an interview with Lord Alli in which he indicated that �20-25m would be a more interim target. No doubt any potential investor will be asking existing holders to contribute more. The acid test is whether they can illustrate, with a high degree of success, that the business model that they have can generate positive earnings. My concern is that just pouring more money into marketing is not a very attractive investment case. Your point about "GMV" was particularly useful. (for anyone not sure read this https://www.linkedin.com/pulse/focus-gmv-kill-indian-ecommerce-kaustubh-patekar/ ) . Thanks.

One analyst said it was “increasingly doubtful equity holders will be left with any value” as the company struggled to meet its banking covenants and scrambled for cash to pay the tax bill, which is believed to be related in part to alcohol duty on goods in its bonded warehouses.

Very solid results. Just not quite enough to squeeze the shorts out. Still more than 10% of the stock held short.

Remember the curve. https://www.tradingacademy.com/lessons/article/the-psychological-cycles-of-trading-and-investing/

I see - thanks for the clarification. Given that Redfin work on a percentage commission basis, and given the value of the properties on offer, hopefully the fixed fee model should make Purplebricks competitive.

That ARAMCO stuff must be a real distraction with all the potential on offer here!

He was on the Purplebricks board last time I saw him. He's moved on!

Go to the top left and select "Buy" then "property search" then type "Los Angeles" The map on the right shows all the properties that they have listed with Purplebricks in that area. If you scroll the map out you can see that there are 700 in total. San Fransciso is less at 21. etc etc.

I agree, it is immensely frustrating but I think it is important to remain calm and wait for further developments. The Acacia situation is also affecting the Barrick share price (-20% in Feb) so you can be sure that they are trying to find a solution.Whether that will benefit minority holders in Acacia is anyone's guess. Pablo Marcet, a new main board Director at Barrick has acquired shares as recently as 23rd Feb so hopefully he knows more than us.

This is a very useful link for anyone needing some background info on the Acacia Mining situation. http://www.mining.com/tag/tanzania/

https://www.purplebricks.com/ (select US option) Then do a buy property search.

The US webpage is also listing a lot more properties. On the whole it looks very positive.

There are a lot of people on LinkedIn still listed as working for RM2. The RM2 Twitter feed still not posting.

putneylad66 - Are you Lord Alli incognito?

It looks like the "aggressive new market entrant" that they have been referring to is definitely Safeglaze UK.,a trading name of NIAMAC DEVELOPMENTS LTD. One of the directors is listed as a Philip O'Malley who is was previously Operations Director for Safestyle UK from 2009 having joined them in 2001. I also came across the following note: Is SafeGlaze and Safestyle the Same Company? When compiling data it was interesting to discover who would take that 4th best traffic ranking. This turned out to be SafeGlaze from Niamac Developments that was only created in August 2017. This explains their lack of financials, whilst their popularity spike in such a short space of time has been remarkable. We spotted a debate on whether this was actually a new venture from Safestyle. There are certainly similarities on the site itself through the name, the theme and the infamous BOGOF offer. They are also based in Bradford that was another link. A suspected employee did however come in to state that they are simply a local competitor looking to muscle in on their territory. A simple Companies House search unlocked some interesting things. Safestyle�s founder was of course Mitu Misra who went on to sell his stake in the business. It just so happened that we spotted a family member (Aarti Misra) as being listed as a secretary. Further to this, one of the listed directors (Philip O�Malley) had also worked there. And so there is definitely a proven link here. Their web performance spike and localised TV ads have helped to put them on the map quickly, but it would be pretty unlikely for any new starter like this to suddenly overthrow one of the UK�s leading double glazing companies who have continually been making market share gains.

I have to say I do enjoy the bear/bull discussion between you and Putneylad. In many ways you are both right. Statistically, I would say the odds are heavily weighted in your favour Jambon but a couple of decent updates showing a return to sales growth, new finance and some good old fashion cost-cutting (Bready was a good start) and Putneylad might be back in the game. Being invested, I certainly hope so. Keep up the good work.

It's dropping because it's impossible to value the business under the current circumstances. A lot depends on the details on the detail of the framework agreement between Barrick and Tanzanian Govt.which is due by end of June latest.

https://www.brrmedia.co.uk/broadcasts/5a818c2bcb5fd9447f49dce1/acacia-mining-2017-final-results