Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
RNS out that Company Secretary has purchased shares over last 2 days
Hi @fishbone, with all due respect, what do you mean won’t make money? Surely, if you lower your average below 85p, that will ensure you at least break even?
Apologies, it was my mistake. I can confirm the minimum bid price would be highest price Cosmen’s have paid in the last 12 months.
“be in cash or accompanied by a cash alternative at not less than the highest price paid by the bidder during the offer period and within the 12 months preceding its commencement’
This minimum, we would be looking at 85p/90p range.
From a selfish point of view, I hope the bid price is at least 65p so I can slightly make some profit on this lol
Regardless of any sale or cash raise; the minimum they would have to bid is 85p. I’ve been reading up on the UK takeover code. A bidder must not bid at notes than the highest price paid for the target shares in the prior 6 months.
Happy to be corrected.
What do you guys think the offer will be, at minimum?
Managed to buy some £1.16, let’s hope for a recovery.
Glad the TR1 came!
I am fully confident this will come back up. I was in JD when it was £1.08 but sold at £1.35. Bought INCH yday and currently 10% today.
Patience is a virtue :)
Cosmen’s have been shopping this week!
@pumpky - that was the cash position at the end of December.
I topped up yesterday bring my avg to 61p so I feel for those who have much higher averages.
As many of you have said, the outlook looks positive especially with the new CFO coming in.
Good luck all.
I also have MCG, and like you bot, I am keeping it in.
Trust it will come good in time.
I honestly did not expect this when I bought in a few weeks ago. I was panicking over the weekend due to the instability caused by the Iran strikes. I felt CCL is overexposed to the geopolitical situation, thus sold out yesterday (at a loss) and bought INCH.
I wish you all good luck.
Morning all,
I’ve had time to reflect on this morning’s news. The results are positive especially as the flow will increase by 6 to 12 times in the future.
However; the main concern for me is future placings. My reason for that is, the RNS states ‘ It is anticipated that the flow test will be concluded at an estimated cost of circa US$14.5 million gross, due to the additional length of operations.’. The last placing raised less than this, hence the concern about a placing in the near future for resource estimates etc.
Good luck all.
Agreed - I think the war is priced in. Although there may be a dip tomorrow.
The only way the war will impact CCL is through increase in oil prices. However, mid to long term, this is destined to increase in SP.
I think given the CPI report, there will be some more pain before the upside as the reduction in interest rates will now be delayed.
Absolutely second that. An opportunity for newcomers to get in.
They obviously know what the results will be like. The management are little tinkers, I like them. 😉
I agree, patience is a virtue. On that note, I have just topped another £2k.
I'll be honest, I was in until Nov-23 then sold on the spike as I needed the money. I then missed out on the lift of the clinical hold as it shot up to 6p and I believed that I never see a good entry point again. As many investors have stated, let's see what this quarter brings.
Thinking that my buy of 1.8p was a bargain. However, will continue to hold and a surprise will come along I am sure. Hopefully great news!
Thanks botbot!
Out of interest, what do you do workwise? You seem like a pro trader lol