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Mary, I am one of those unfortunates who initially bought in at £2.30 and the foolishly 'jumped on a spike' the other week at £2+. Still living in hope here that northgate or another will bid !
Mary, I don't think a buyer can 'swoop in' because Pentland are such large shareholders and they will choose if/when to sell up. In some ways that is a shame because it stops stakeholders and bid speculators imv. I agree will all who see this as undervalued and am hoping we get back to 160p in March.
BV, I am curious as to why you are son antagonistic to posters like HITS who post useful research on a company you invest in? I wish someone like him had put forward similar stuff on some of the poor investment choices I have made. If they are incorrect posts , as you say the sp could fall giving you an opportunity and if they are correct you have been offered useful info. As I mentioned months ago I have no position here but I sought to highlight the lies on the timescales for the sfb gas export. I also got no thanks but I felt that I had done my best to expose some of the corrupt practices by AIM company directors. Good news is there is new management now and some of the previous directors are /were involved in litigation!
Fforest, I agree the drop is overdone for a couple of reasons , the warm wet winter is a one off rather than a structural problem with the business and it is likely that they have set the range low so as to ensure a 'beat' when actual results are out.
Key issue , is wet weather and warm winter a one off? I think so so sp will recover from the 150s over next few days imo. We shall see.
Poor trading and profit warning mean sp will fall to around 150p imv - unless we get some bid buying.
Depends on whether ss can convince anyone to finance his next unlikely project and keep him employed for another year or two. Most people know that Portland stone is extremely expensive to work on and that storage project will be hugely un economic compared to others being touted around but you never know who might fall for it , with this company's track record . lol.
I have no experience of this sort of thing from an internal perspective but one reason why these things take time is that many 'investors' are actually institutions with corporate governance procedures and strict due dilligence so that may explain the delay here.
In essence has delivered a double whammy to the government along the lines ' well the problem isn't the builders not trying hard enough ' and the second point is 'actually it is the planning system which you lot run'.
By way of a sop to Mr Gove they will now investiagte whether there is sharing of prices and we know the answer to that ; 'yes these builders employ estate agents who advertise the prices for all to see'. ffs no wonder the UK is becoming un investible - we paid for the governemnt failings on cladding regulations , surely we should pick up the bill for housing asylum seekers - I mean we did'nt build enough houses for them and they have to go in hotels.
BV, why am I here ? You know the answer to that and you are likely to blow my cover, I am part of the crowd spouting nonsense to help bring the price down so that you can pick up millions of shares for half price as per your 0959 post. I only did this because we were mates but I am am having a rethink. Would you like me to try and talk the sp up now if so what are the positives that can counter HITS posts?
BV, pay is so low I can no longer afford to subsidise the lifestyles of aim directors and have no position here. I sold out several years ago when it became clear that former directors were misleading investors. Last i heard several of them were named in a lawsuit and they are no longer directors. Do you know what the outcome was by any chance?
As I see things, the longer it takes Newcrest to decide what it is doing, the closer we are to first ore which means there will be less risk and therfore a lower cost to finance. Of course it also means others may be more interested - we shall see.