Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TO speculation began late last yr in the Telegraph - if you google it you will find story. Telegraph has a track record of being proven right. Also the return of CEO and gor 9 months COO....indicate something to speculation Ultimate indicator is CEO upping stake.. l�oks to a defensive move to move overall holding combined with family allies to 25 % to block a low ball bid.
For what it is worth - it is holding the 520p level strongly - having previously been a resistance level a few days ago - very positive sign that 520p now looks to be the support level, so my siggeation to those on the sidelines waiting to get in is - right now is orobably a good a time as any......and as noted by one poster CEO bought �10mn at 500p so you are in good company !!!
Credit Suisse think so - they have upped their holding to great than 15%..... Even if Asfari upped his stake as a defensive play against a low bid... looks like it wouldn't bee to difficult to find a willing partner in CS to help force a higher price from any bidder :) Might we see the Easter Bunny deliver golden egg via a pre-Easter bid ?
Indeed..... i believe the correct term is ...strap yourself in folks - this sp is about to go vertical !!! I wouldn"t be shocked if this is a defensive move by CEO on suspicion that a bid is about to be mounted........ GLA
That could be a large bar bill :) It traded at levels in excess of this in the last 5 yrs.......prior to SFO inquiry...... we are certainly worth multiples of where we are now just a case of whether that is 1.5; 2.0 or 3.0 IMHO
It wouldn't shock me if CVC/Blackstone made a play for PTEC in early 2018 now they have the regulatory approval in place for PAYS. Like PAYS PTEC is massively undervalued due to its OLG connections at a PE of sub 10 and also has some cash pile at £850K+ post sale of Ladbrokes stake. Watch this space
Makes most sense for GVC to leave as is alone and perhaps focus future product development onto their site - so plenty of time for PTEC to replace. GVC will have to play nice with PTEC - otherwise they risk their $5.6bn investment - loose online customers and it is v hard to get them back. PTEC own - 6.7% of Ladbrokes and that is up 30%+ at present with more potential to come. So roughly £300mn+ cash to add to their existing cash pile of £580K + ( half yr) and you start to see how cheap their £3.5bn MV looks Picked up a nice chunk at 802p and hoping to do well on them
@Cowyed - IMHO I think the market is possibly thinking "Deja Vu" - TS has moved his entire SCH holding from a BVI trust to his own name in IOM - suggests he might be about to create a liquidity event - he had such an event with PTEC holding back in Nov 2016 - sp took a bit of a hammering - peak to trough - 926p to 786p - ouch !!
Hope you are right Aspers - cheers
Can only be that MM have got wind of news about to break - profit warning, more accounting issues, possible rights issues - likely RNS pending ?
Deutsche is a major prime broker to hedge funds, I would not be surprised if Deutsche is back to back with a client position and they themselves could be flat on IRV exposure.
Lenders collectively appointed EY to conduct a review - that is code for " Debt to Equity" convert with massive dilution to existing sh_ all under the auspices of "independent advice from EY" that this is the only course of action open. My guess is that they will want in excess of 75% control post a 50% D2E so they can push through proposals with required 75% vote.