Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good challenge.
I like this board. Informed, knowledgable, balanced and respectful.
Can I persuade a few of you to buy into my other invested Co's and bring some sanity (and intellect) to their boards which are badly in need!? ;-)
Biginersguide - That's exactly what it is. A share by back programme at a small premium to the SP aimed at taking out the RI base. Nothing more.
As Dallo & Malt suggest, change at the top required.
So why so many sells today between 217 and 220, and a share price drop of 2.25%?
Hi Red
I see your angle now, you're basing it on 100% of holders wanting to tender, so therefore they'll only get 14%.
Where as I think they'll be lucky to get 14% tendering so they could have 100% each in my view.
Red - As I said yesterday, I don't think you're limited to applying for 14%, I think you can tender 100% if you like.
The only mention I can see of 14% in the RNS is...
'The capital return of $100 million represents approximately 14% of PureTech's market capitalization based on yesterday's closing price.'
Dallo - I expect the response you will get from Zohar (if you get one at all), is they're giving shorter term shareholders a route out to the ultimate benefit of long term holders.
Yep. Definitely a strategy to get rid of short term retail from the register hoping they'll take a small percentage fast buck and move on.
I think I'll keep every share I've got and see where we end up.
So many green boxes. Soooooo sad.
Just noticed Dallo's comment from 11.09. Pretty much my view on the other thread, but Dallo is more articulate ;-)
£2.75 required to make me even look at the maths again, but PRTC is worth so much more.
The more I think about it, the more I can't think of any reason to sell any at 250.
In fact, it's illogical for anyone not in need of immediate cash to consider it if the SP moves beyond 230 when taking into account all the factors, even if they bought in at 150-160.
I can see a special divi coming and 90% failure on the tender offer.
There's no way PRTC would ever simply delist. It could get taken out by PE or any other major Pharma but it wouldn't delist (which is what I think you mean by being taken private, otherwise if you don't mean that then it's simply a takeover)
I'm never sure about strategy on tender offers, although this one appears better than some I've seen recently so maybe I'd be prepared to let a small percentage of my holding go. What are peoples thoughts?
TIG is making major strides. We need the SP to catch up quickly or the BoD will be fighting off low-ball take over offers.
'The capital return of $100 million represents approximately 14% of PureTech's market capitalization based on yesterday's closing price.'
I think you've misinterpreted the 14%. I don't think there's any limited (noted in that RNS anyway) for the proportion of your holding that you can apply to tender.
Everything Company has to find true value in the end or it'll be taken over.
There's a good return to be made, it's just how and when.
Grrr
2p as a percentage of 36p when it should have been 136p. I think I'll go have a cup of coffee and reboot the brain.
Sorry, early morning brain!
Thinking 2% of 36p rather than 136p. Still gratefully received :-)
An excellent set of results, and a dividend of 2p which is pushing 6%.
Now, we just need to get the share price to where it should be, which in my view is 2 to 3x where it is at the moment.
Good Presentation. Thanks for posting. Mo as impressive as ever.
Has sold down some more. From 3.64 to 2.94.
Good news in my view, but who's buying them, and did they approach her?