focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I won't engage further with this very strange individual.
It's a long time since I've bothered with green boxes but he/she/it is now the sole occupant (I hope it's padded)
--- CF (founder, ex CEO) is a major holder where his holding is now around break even ---
Typical of the utter carp you post.
He made a single Director purchase of £300,000 at approx 26p (a little over a million shares) a couple of years ago, all the rest of his very substantial holding (46million shares or nearly 7% of the company) is from much earlier, most from the original takeover He is very very substantially in profit, like many of the rest of us who have been here from back then and stuck around.
For anyone who is new here. Take every other point made by our odd friend with a hefty pinch of salt and do your own research.
Anyone who spends so much time posting one sided carp has only their own interests at heart.
Just an absolute weirdo. Just seems such a waste of life.
Wow - You can certainly see why he's screwed up.
(Watch now. The ultimate irony will follow when he tells you that you're sad for dragging up his posting history)
Now 26p - CF has finally broken even on his last £300,000 share purchase.
Issues with all AIM related trade displays today
HVO really is relentless since Mo took over.
A great start to the year.
The Times selects 9 stocks that you should buy in 2024, one by each of their business columnists.
Lucy Tobin selects hVIVO. Quite a good little write-up. More good exposure anyway.
Finished up 17.9% at $28.18 (equiv £2.17) on NASDAQ
A nice end to the year, and hopefully we see a steady increase into 2024 and beyond. A special divi would be nice too but I'll settle for the SP reflecting true value.
Happy New Year all.
Interesting start to the last day of the year on the other side of the pond. 15 minutes into trading and PRTC is up 23.76% at $29.59.
That's equiv of 233p per share
As of 22 September 2023 the numbers below reflect the significant Shareholders in the Company
(I know they're a little out of date, but it's the latest published - we know Blue Coast PE have added since then)
Directors and Families - 13.1%
Major Shareholders inc Gresham House, Concord, and Tellworth (excluding Blue Coast PE) - 49.3%
Blue Coast PE - 19.9%
Others including Minor II and Retail - 17.7%
The last RNS regarding share purchases by Blue Cost PE shows that they now control 23.9%, but we don't know who they purchased the latest 4% from - probably those owning under 3% to start with. It does tell us however that they are increasing their share ownership at pace, buying a further 4% of the company in only 3 months. They have a (probably not-so) long term plan.
Given that Blue Coast can't vote on any takeover proposal they put forward, it effectively increases the other shareholdings by circa 20% for voting purposes, so the Majors control circa 60% and the Directors 16%. That's over 75% combined, so they have the power to make any attempt to take the company private viable, but also the ability to make sure it doesn't happen on the cheap.
There are 2 observations I'm going to make:
1) Blue Coast will need several friends if they're serious. They can't do it on their own, I don't think hostile will work.
2) Anyone involved in the Kin & Carta debacle over the last couple of months will have learnt that the opening offer is meaningless and if you sell out too quickly it'll cost you. The first bid unbelievably recommended by the KCT BoD was a very lowball 110p (for a company that had been in the mid 200s only 12 months before), but the major shareholders kicked back and it was quickly raised to 120p. A new suitor then appeared and offered 130p so the BoD changed horses - the saga continues, but if you sold at 110p you'd be counting the cost of your impatience. The moral of the story is at least see the story through to somewhere near the end, if Blue Coast somehow get the EMAN BoD to accept south of 100p it certainly doesn't mean the big boys will take it lying down. I can see 100% upside from here.
Thanks Snowking
(although we'll only be north of £2 on Wednesday if PRTC holds it's head up on NASDAQ today - The markets are open in the US on Boxing Day)
Type
#2.01 should have read NASDAQ (equiv) share price of £2.01
$25.50 x 0.79 =£20.14
So if 10 UK shares to 1 ADR then NASDAQ share price of #2.01
Draft - I think that if they want to take EMAN private then they would need to satisfy 75% of the remaining 70% of the shareholders (assuming they get to 30% themselves). Correct me if I'm wrong.
I can't see them doing that at 60-70p. I expect the share price go back above 100p as a minimum to satisfy any large shareholders as most will have been here a while.
I do agree though that taking it private will be their eventual aim, and that if it happens in the next 2 years then anyone with an average over 150p won't be seeing a profit.
...although I'm hoping you're going to say 10 ;-)
(Where can you find out ADR ratio by the way without digging back into ancient history?)
What's the ADR ratio? Finished $25.50 up 33.93% on NASDAQ (which is open Boxing Day by the way) so I'm guessing 12?
Opened a position here yesterday and added today on the back of the AJ Bell recommendation.
Good timing (which has been a rarity overt the last 12 months).
Can't find any reason for this rise yet though.
Brighty - I agree with everything you've said there.
LeddachJack - Long long overdue!
It's just a shame they wrap up about 5 RNS's into 1