Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I must be missing something.....why should there be a bounce? This is a company that has recently made a non-cash impairment of £40M+, has admitted that a significant part of their business is either loss making or finding trading challenging and their Chairman has just (rightly) resigned. They have re-structured their business distribution business further, now calling it either Utility or Public facing, thus leading everyone to think that the challenging or loss making Public facing distribution businesses are up for sale at a song. They have made lots of acquisitions that now look to be questionable, they've over-valued these acquisitions and any good will thus leading to the impairment and have admitted that the so-called healthy part of their business (Supply Division) is having a tough time due to (of all things) the weather!! Are they really worth any more than the £123M at present or will we see them fall further....I know where my investment is definitely not going.
It looks like you've checked the graph on this site to get the dramatic fall in 2005....I think it's a glitch. Check out the link below and change the time period to 5 years to show the actual performance of the SP through 2005 - it was actually steady growth throughout the year. http://www.workspacegroup.co.uk/investors/share_price_graph/ Nothing to worry about here, plenty more growth to come from WKP.
As perverse as it may sound, I'm glad to see a small retrace in this today....there was too much upward pressure for it to continue without a full-on burst. Todays fall gives a bit of time to catch our breath before another push. I agree with Searcher, this was inevitable without some good news, however, maybe there is no news, just a return to normal trading after the overhang cleared? Some resistance around 25p....if we break through this, who knows?
Lets hope so......I'm in at an average of 14.1p and have been hanging around for ages waiting for it to rise. I think the overhang from the RI has finally cleared (took a lot longer than anticipated) and this can get back to normal trading activities. Like your friend I too am expecting good things from this and will not be selling until I see some serious profit. GL all.
Got to be happy with a 10% rise for the day given how flat these have been for weeks/months. Looking forward to tomorrow, perhaps some news been bubbling away in the background we might get to hear about?? BTW NSBLU1 - I'm with Hoodwink Breadvan, they're usually sh*t but my divi was there super prompt!
If you are eligible for the divi (you held your shares on 1st July) then it should have been credited to your account today, mine was there at 8.30 when I logged in.....if it's not there by close of play then give your provider a nudge to see where it is.
Ok, we seem to be getting some decent volumes on this share at last and the SP seems to be tracking on something more like volumes rather than MMs tinkering. Anyone know how to find out whether the overhang from the RI has cleared? It seems to be behaving like it has...... I've been in this for about 4 months and could have traded top and bottom about 20 times and made a small fortune on the fluctuations!! Need some movement North quickly otherwise I'm in danger of slipping into a coma.