Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Well, the share price action tells us the results will be bad... but you never know, they may surprise on the upside given the very low sentiment currently baked into the share price. For that reason I'm not planning to crystalise a big loss by selling now, but will wait and see.
"What do you cut down on ?...food....going out? or reduce your spend on clothing?".
Be sure Pedro, if the Boohoo demographic are going out (and they are) then they're spending money on PLT and other cheap clobber - they absolutely go together.
Question is, with leisure & travel having the highest inflation of any sector, and with the B of E paying catch-up with a surprise 0.5% rise in base rates today, how long before consumers start losing their jobs? Because, make no mistake, the B of E's way of dealing with high & sticky inflation is to lower wage expectations by taking a sledgehammer to the jobs market.
Do Boohoo customers have mortgages?
But they do have jobs and do pay rent, so the implied destruction to the economy by raising rates sufficiently to control the UK inflation beast will hurt any domestically orientated stock.
I know. Remain unconvinced he's high quality management. I don't much like any of thIs approach to REVB.
Anyway, differing perspectives are a good thing - that's what makes a market, as they say.
"Personally, I always liked Neil Catto. I think he seemed down to earth".
Glad you like him, but the question is will he be good for the company, reflected in the share price?
Presume we are talking about Neil Catto of (ahem) TinyBuild Inc??
Well, there'll be no bid for SYNT at 2.5 times revenue, that is for sure! Nonetheless, take your point about the valuation. And the bond. P.S. Let's not forget the Malaysians, might they still be interested in turning their substantial shareholding into full ownership?
Trading, I didn't know about the past history between them. If they don't like each other and that sentiment continues to hold, then yes, I could view Ashley's purchase more hopefully - a 'hostile' buy or just a simple investment, either of which could be a positive for the sp.
About the free float, perhaps it's useful in certain narrow circumstances, such as eliciting a short squeeze, but generally a large, disparate free float is a protection for PIs and I increasingly look for a good number of shares not in insiders' hands (there is an AIM declaration about this) in the companies I want to buy. Equally (and obviously), you want to see some shares held by insiders, some skin in the game, I guess there's a sweet spot.
Of course he's just a shareholder, legally the same as us, but there are shareholders and shareholders (lol) and if he keeps buying shares he becomes a trade buyer with a large holding, which I think puts him in a different category to us. All I'm saying is he's in it for himself and in no way on our side. Sure it might happen that you'll do well riding his coat tails in these situations, but personally I wouldn't bank on it.
My point about the free float being the PI's friend is simply that a large disparate free float makes it almost impossible for insiders and their backers to take it private/delist at prices disadvantageous to us. Ashley is known for doing deals of this sort... I'm not saying it'll happen here (I'd imagine he'd have to buy much more than 5% for starters), but I am saying that past history tells us he's not good news for shareholders in the target company.
Anyway, let's see how it pans out. Quite happy to be proved wrong. With REVB and Ashley, there's already too much excitement around for my tastes and I wish it would all settle down and management stay focussed. Fat chance!