Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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I’ve been a holder for about a year now and the SP hasnt progressed at all. I can certainly emphasise with some of you who have been led on much longer. I felt it was undervalued back then, and since then the company has clearly made enormous strides and is in a much stronger financial position. That’s what has kept me from selling...knowing the underlying value was building and net profits were near. I have to say though the conduct of the board is shady at best, and very disrespectful of it’s smaller shareholders. To an extent I can understand stt1’s disdain for the company. In all honesty if it was a popular share it would be overvalued and I wouldn’t have invested in it!
They seemed to indicate the 3rd quarter was quite successful. I’m certain had R1 declared a full year profit we would be looking at an SP easily north of 300, so the board must see significantly greater benefit even than that in merging with Taptica. It only follows that they felt reporting a good performance would undermine Tapticas offer who’s sp was depressed). If the results were underwhelming, then they would have declared it by now seeing as it would only have strengthened the case for a takeover.
I really hope for a first quarter update post merger, as I don’t feel it’s fair to keep us in the dark until the next half year report which is in September. I’m confident once the figures and potential synergies come out the market cap will rise to 500m plus, and signs of decent growth will make it a billion pound company. So I’ll hold
Safi123, If you have simple disdain for a company you don't reach across multiple 'boards' constantly looking for weakness and industry-wide hiccups and try to make out that they are going to damage R1.
Bombarding the 'boards' incessantly time after time, especially if you have no commercial interest.
In fact if you did have an interest you wouldn't try to throw the book at the company from multiple angles and with so much time on his hands stt1 looks to be a very dodgy character enjoying his feeding-frenzy by slipping his poison out, and for what aim?
People who bought shares in the distant past and still hold them don't think much of someone running around trying to rub their noses in the pitfalls that may or not be wide of the mark.
I think we are all sick to the back teeth of vermin scampering around on the decking at will.
Blah, Blah, Blah GDPR, Blah, Blah, 18 CFO's have left in the last two weeks, Blah, Blah, Blah R1 shareholders under water...
We know, but we don't appreciate it being rammed down our throats ad nauseam.
Nobody in their right mind would keep repeating the same petty old stuff 'ad-nauseam' unless they had an issue or an agenda.
However, reasoned thinking that growth by acquisition has not worked thus far, holds some truth generally and that Tap and R1 is a marriage of two failing companies seems accurate enough.
As Gowlane suggests acquisition-led growth can cover a multitude of sins.
I would be more concerned about the end-game on those lines than by any drip-by-drip accounts of GDP and historic management issues or some spurious court-cases.
Declining revenues for the two companies are concerning, not the side-issues raised by an ankle-biter!