Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I think every penny should go into paying down the debt at this stage. Good progress on that will save money and make this much more attractive as both an investment and a takeover target.
The weird system we have developed for regulated industries where they are "allowed" every April to increase prices by Inflation + a percentage is really adding to inflation. Rail, Water, Telecoms, Energy... Once the regulator has proclaimed the permissible increase, they all announce that they will be increasing prices by the maximum! No competition, no real market, just adding to inflation and paying the difference in bonuses.
Based on the stated proportions of the MNDI share only offer, this share price is now completely dependent on the MNDI share price. Currently sitting at 1307p for a MNDI share, that implies a value of 353p for an SMDS share. Not a great offer at all. Will any larger shareholders potentially turn the offer down at this kind of price? I would!
Https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=MNDI
I find this the best site for divi info.
So with MNDI currently sitting at 1356p as I write, SMDS should be priced at 366p (given the stated correlation between the offer price and proportions). We're actually at 346p. What does this suggest? The market doesn't believe this will actually happen? There are more risks to this going ahead?
Thoughts anyone?
Topped up at a tad over 93p after trimming yesterday. I want to be fully on board when the world wakes up to the immense value here!
Hmm, we've reached 97p again. Possibly time to take a little profit and wait for some pullback?
Try this... https://archive.is/nkioB