Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
So the investment guru has twice stated this share is undervalued yet plummeting once again. The board gave assurances that they were highly focused on 'shareholder value' but it appears they have forgot that statement !!!
I think they may declare a final dividend as well, especially considering the next £9,000,000 from Titan should hit the accounts August
Should fly once again after that RNS
More big buys today, something occuring ?
Yes good rise today. It could be down to the company buying the shares like the RNS last week. Be interesting to see what happens in the next 2 days
I don't actually think its medium to long term. Bods are both knocking on and have much skin in the game. Add the fact that the financial services industry is all about acquisitions and FUM and imagine this will be snapped up in no time.
Think you need to update your understanding of events since 17th Jan. 42trader was spot on.
Thats a stupid statement to make. You may say its not the bargain it was at 8.01am this morning but even at 8p this share is cheap.
That was the one announced when the titan deal went through. Those are the financial highlight of the year I believe.
When and if they announce one
When and if they announce
Yes Devil spread has always hurt this share as far as I recall. Always put it down to low volumes so hoping with the higher amount of transactions this may change a little.
Appears people have finally
1) Read the RNS
2) Understand that the mkt cap is way below what deal has been done
3) Is way underpriced
4) Is likely to be sold in next few years
5) Share buy back will take place
6) Dividend begins
And finally the results due in Aug will show ebitda up around 50%, according to last trading update.
There are some chunky buys over the last week, since the announcement. It looks like someone, or an institution, is buying a stake.
Yet the price rises by 80% and you get into this share despite stating when shares rise you get out. You also had a spread of 12-15%, who on earth can trade this in the short term successfully?
Anyway your money your choice but you've sold at a low price, IMO, this one will move up and the RNS even states they are likely to do share buy backs AND I reckon a dividend will be declared in August with the results.
Good luck with your future investments though
While you have investors, and I use that term lightly, like Pidster, the sells may outweigh the buys. Do people actually read whats in an RNS.? £20m immediately, up to £20 million more over 3 years AND as importantly 50% of fees over and above what they were on sale date for 10 YEARS. Based on that the current MKT Cap of £24m is a fraction of the value.
Disgraceful from them !!!!
I can’t see that anyone said the £40 mil is straightaway, but wether it’s £20 mill now and the rest over xx years it’s still up to £40 mill.
I think what is underplayed here is the 10 year earn out on top, that will add several more millions if they continue to use and increase assets
Can’t believe this isn’t at 6.5p yet. This deal states its equivalent to 6.58p per share and doesn’t take into account the retained value of the half of the business they haven’t sold. Basing that in price around 7.75-8.25p is where it’s at
Prediction at close anyone?