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I'm no chartist guru but it's interesting to note that AFC has now filled the gap when it jumped on the ABB news back in Dec 2020...looks like it's trying to find support around the low 30's...dipping the toe here and saving some ammo in case it dumps to 20p on a wider sell off....reassured that is has 50m cash and doesn't need to raise any time soon...
https://www.electrive.com/2022/01/20/general-motors-to-use-fuel-cells-to-power-dc-chargers/
from Winkworths t/u today...."Our rental business experienced some normal seasonal slowdown after several months of intense activity but remained strong in London. Prime Central London continues to show signs of recovery, although the outlook for international interest remains dependent on travel restrictions. " Good to see London recovering and feeling confident that the incoming old guard can return this to it's former glory. Anecdotally, a competing estate agent valued our london house this week and he'd recently bought shares in Foxtons having worked there back in the heydays. He thinks they just need to tweak a few things to get it going again...mainly around incentivising the agents better and getting the hunger back...
Gatemore are looking for shareholder returns and given how cash generative DX is it makes sense that they pay a decent dividend. Also, given it's a tightly held stock a share buyback could provide powerful support to the share price.
they had to deny an approach from CVC a couple of years back when the shares were higher and the business was less stable than today so makes sense PE would revisit at these levels.....still plenty of disposals to come which is attractive for PE
fact...the more the share price falls the more attractive it is to an opportunistic buyer....a 130p bid would probably be enough to secure this single asset producer. Operations have been stabilised and the market is giving them zero credit for that achievement
public division is trading well...they've now put more operational metrics in the shop window so we can see how the business is performing....makes it easier for private equity to run the numbers which look attractive...plenty of disposals still to come....remember CPI had to deny an approach from CVC last year..will be surprised if this is independent for much longer given current m&A climate....ongoing covid issues are unhelpful but wont last forever and out of their control...
Liberum have been wrong about the reserve life for Sukari...share price target correct grated but if anything it means they have to upgrade the rating to HOLD or BUY as it's almost hit their target and brokers like to lock in performance as much as the rest of us
completely agree...if you were Endeavour, Barrick or one of the other majors why would you wait for the higher share price that will come as they deliver the production?..the greater certainty and details on Sukari provides the visibility and reassurance that a buyer would want. M&A in the sector is picking up..see Kinross buying Great Bear for $1.42bn today....https://www.mining.com/kinross-to-buy-great-bear-for-1-42-billion/
ok..found it..Endeavour bid 126p in Dec 2019 when gold was trading at 1,500 vs today's 1,800 gold and share price of 93p and now we've had a reserve upgrade...er...looks good value to me....https://www.reuters.com/article/us-centamin-endeavour-mining-m-a-idUSKBN1Y70TX .
definitely debunks Liberum SELL case which is based on them not having any upgrades to Sukari....stability and upgrades to CEY's main asset can only make them more attractive to the majors...at what price was the Endeavour offer rebuffed?
are you short the estate agency sector by any chance sain@vision!? Classic deramping! There's been increased volatility in the share recently which can mean newsflow coming...definitely feels like building a base around the 40p level