Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He's a great Chairman to have with the endless support, but the silly thing is that he makes so many purchases of circa 5k whenever the Company isn't in a closed period that it's almost more noticeable when he doesn't. If he actually saved his pennies and made 100-200k purchases it would make the market take more notice.
One things for sure though. He isn't buying shares because he has too much money and needs to get rid of it. He's expecting it to pay off and sooner rather than later .
LOL
I used to have a boss with that attitude. It can't be a good idea because someone else would already have done it if it was. The company went bust, no big surprise really.
Sheltie. I agree a sale is a done deal, but it isn't cut and dried to TB.
The shareholders won't vote in favour of the offer regardless of what the BoD recommends if new offers surface, so even if binding terms have been signed they don't extend beyond the irrevocable support by the 15% and the BoD to TB.
That's meaningless if Crowdstrike or another come in and offer 650+
608 today or 620 in 3-6months. Given the time value of money, most RIs will take slighter less then 620 today IF they don't think a greater bid will come in. Arbitrage Funds will start hoovering now so the 608 will creep up over the coming days and weeks as it did with KCT.
I see 0% chance of this deal falling over and a very decent chance of counter bids so I'm holding on to the shares I have left, circa 70% of my original purchase. The other 30% went before today.
GLA and DYOR
Agree re ASOS although Ashley is a pain there as he owns over 10% so can be a blocker. I think 888, BOOM, EMAN or even BOWL are more likely, although there are plenty of others.
Depends on the legal method of acquisition. Usually between 51% and 75% excluding any shares held by the offerer.
Not heard of 90% before, but I only have experience of what I've been involved in.
Interesting seeing the SP drop to 607, which is the RI panic phase (it's dropping I want to protect my profit), usually happens just before the Arbitrage Funds step in and start soaking up as much as they can get. This will be prime for them with the 2-3% gap plus the potential for uplift.
A few people have said that 'the last deal fell through'. Just to set the record straight that's not accurate.
The BoD were in talks that didn't result in an acceptable offer before, that's totally different.
This is a recommended (by the BoD) cash offer. 620 is now the floor given that many large shareholders were in at the IPO at 250 so would probably consider 620 as acceptable. I can't see it being voted down. RI's are pretty much irrelevant and many would vote for anyway.
I believe more bids will come in over the next few weeks and the selling price will be nearer 750. I also think both Jeffereies and the BoD know this.
Look at Wincanton and Kin & Carta. Both BoD's recommended offers and then changed horses when better offers came in.
This is just the beginning.
I sold out on the first offer at Kin & Carta and then the price went up twice. That cost me a lot of money as the first offer price was only about 15% above my average. It finished 50% above my average.
I'm waiting this out and seeing where it goes.
DT is gone unfortunately.
The only question is will it be 620 or will other players come to the table and the price go higher.
Last time it was leaked through the papers and turned down.
This is a recommended cash offer.
Unlucky for you.
Hope this brings other interested parties to the table.
Not enough. Not nearly enough.
800p minimum. Grrrrrrr
Lol, ok, fair point. Brandshield is a much dodgier company though and I got burned there too. Decided to sell for next to nothing rather than hold and wait for a sale. In that case I decided they'd never make any money and at best I'd get diluted to near nothing.
EMAN is a company with substance, UK based and is profit making. I think it'll be bought out (and soon) but I'd be amazed if it simply got delisted. Even if it did I wouldn't sell. I'd take my share of the profit when PE inevitably buy it out.
Your shares are your shares, private or not, listed or not.
The only mistake you can make is selling cheaply at the wrong time.
In the interests of balance, and being fair, relating to AS's unwillingness to discuss Company valuation.
If discussions are advanced relating to relisting, takeover or in fact any major capital event for EMAN, then entering into dialogue with parties outside the loop on a closely related subject means you either have to divulge information you shouldn't or lie.
Maybe (just maybe) there's was a good reason... You can see I'm trying hard not to be peeved here.
Watched the presentation. Much of it pre-recorded.
Took some Q&A, mainly about F&B. Some about future expansion - only interesting information was a comment about maybe opening outside the UK in the future and having an aspirational ceiling in the UK of 100 venues.
They had told the facilitator not to accept questions about the share price. That's the first time I've ever known management of any company so blatantly duck the issue. Pretty pathetic really. The issue has been acknowledged internally to the extent of them revaluing the incentive scheme downward for AS but he refuses to discuss any aspect of it with shareholders.
Everton, that was word for word what I was about to type.
EMAN is a great company performing exceptionally. The market doesn’t appreciate the good performance so it’s just a case of waiting for it to be taken out. AIM is a crap market sometimes, although maybe it’s just the uk market generally.
I assume you did listen to the podcast? You know that bit about seasonal income and expenditure?
Discussions with North American customer 'ongoing'.
So they've not gone away completely then. It's just a stand-off... for now.