Share Name Share Symbol Market Type Share ISIN Share Description
Namakwa Diamonds Plc LSE:NAD London Ordinary Share BMG638411113 ORD USD0.000625 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.125p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 32.2 -24.3 -5.0 - 3.43

Namakwa Diamonds Share Discussion Threads

Showing 7601 to 7623 of 7625 messages
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DateSubjectAuthorDiscuss
31/5/2013
12:30
buywell2 4 Sep'12 - 11:00 - 796 of 875 0 0 edit Circa a 15p LOSS per share for 2011 http://markets.ft.com/Research/Markets/Tearsheets/Financials?s=NAD:LSE Income statment in USD Year on year Namakwa Diamonds Ltd had net income fall 134.54% from a loss of 30m to a larger loss of 70m despite a 13.85% increase in revenues from 82m to 93m. So with a 20% cut in carats , the loss per share in 2012 could be what ? ... 18p Why are folks paying 4p for what looks like a 2012 18p LOSS per share ? Present cash won't last a year
buywell2
21/3/2013
22:51
We are getting booted out of our chat room over at LSE after this share is delisted. We have a new temporary home at http://us10.chatzy.com/22605582164949. If you are holding please come and join us
applelover
27/2/2013
09:29
Not sure why - today's auction results, whether good or poor, shouldn't have much material effect on the price people are going to get for their shares in the end.
earnestwipplethwaiteiii
27/2/2013
09:07
New Lows??
nick rubens
15/2/2013
16:56
Surely worth a punt at those lvls
lukeisbackontrack
15/2/2013
15:30
The only hope for PIs is that they might get something for their shares, though how much that something turns out to be is unknown at present.
earnestwipplethwaiteiii
15/2/2013
15:08
What's with this sell of guys. Is there hope for nad?
lukeisbackontrack
14/2/2013
11:39
what are all this trades ? how are they selling for 2.3 but TD Direct will give only 2.2p?
pimpi
13/2/2013
15:29
naked - problem is with a matched service is many pi's don't bother and stick them in the bottom drawer hoping for a relist one day. Would be much cheaper for company to get total control at a smallish premium to price now!
wooster4
13/2/2013
14:50
bosothogirl you have only ever posted on Namakwa and claim to know a lot of what is going on behind closed doors so forgive me for being suspicious. We all know who the major shareholder is but suspect they will either make an offer as you suggest or leave holders to sell via a matched dealing facility. There are people here that hold at a figure far greater than 4.5p that patiently waited for the oputcome of the court case, were hopeful of a decent recovery and are now fearful of being shafted!
naked trader
13/2/2013
13:30
i have already mentioned that these are whispers from workers and not fact on the subject of the price, but what is fact is new chief tech officer and also what is fact is that the committee members who are in charge of negotiations with major shareholder are craig campbell, sturgess and robert reid and the company has not even bothered telling shareholders these two very important bits of information, they must like the price to be down for someones benefit
bosothogirl
13/2/2013
13:08
bosothogirl should be careful - such posts, true or not, run the risk of attracting unwanted attention.
earnestwipplethwaiteiii
13/2/2013
12:57
For some reason I do not trust the above post!
naked trader
13/2/2013
12:30
was not a current shareholder, but i live local to the mine, whispers from workers at kao mine suggest a offer is imminent from major shareholder to become 100% owner at 4.5p to buy all remaining shares which is over 100% profit to those buying today, now thats is worth a gamble and i have gone in today with a 5 grand investment. also they have employed a new guy last month who has made a huge difference to the production line his name is jacques fouche who is the chief technical officer at kao, i am surprised the company have not mentioned his appointment before
bosothogirl
08/2/2013
21:19
This is truly outrageous. What can be done about this sort of thing?
acta_topup
08/2/2013
19:44
It stinks!
knigel
08/2/2013
19:35
I expected worse than this today. Could there be any hope here?
jimbobaroony
08/2/2013
17:21
Because the post-Kruger Directors appear to have been acting as potty-warmers so ensured those regulations were bypassed, perhaps in return for some incentive (i.e. backhanders). NAD is incorporated in Bermuda which has certain regulations affecting the way a takeover is conducted. Bye-law 82 1(b) under the Bermuda Companies Act offers a form of protection to ordinary shareholders as it prevents an acquirer alongside any party acting in concert from acquiring further shares whilst they are interested in 30-50% of NADs voting rights. The following paragraph describes how the directors have got around the restriction [i.e. ensuring Jarvirne is able to take the Kao Mine from under the nose of shareholders - Ed.] Namakwa Diamonds' Board of Directors had the power to decide that Jarvirne's subscription under the June 2012 excess facility, which may increase their equity ownership from 32.4% to over 75%, is a 'Permitted Acquisition' (as determined under Bye-law 82.4). As a result Namakwa shareholders will not have any ability to prevent Jarvirne acquiring more shares. Furthermore, Jarvirne would be free to acquire over 75% without having any obligation to make an offer for the 25% held by ordinary shareholders, as under the UK Takeover Code. Another form of protection for ordinary shareholders is the regulation that public equity interest in a company with a Primary LSE listing must exceed 25%. If the public hold less than 25% its a breach of Listing Rule LR 9.2.15. The Company will move its listing to AIM where no Free Float restriction applies so as to bypass the rule protecting shareholders. [i.e. ensuring Jarvirne can take the Kao Mine from under the nose of shareholders - Ed.] http://uk.advfn.com/news/UKREG/2012/article/52669299
bam bam rubble
08/2/2013
16:53
How come they can accumulate 75% without making a bid?
p@
08/2/2013
16:51
This listing has been an abysmal failure for ordinary shareholders. The Krugers enriched their family trusts then exited stage left, handing the reigns to potty-warmer directors while 75% of the equity (to gain control of Kao) was taken by Eastern European interests presumably with the eventual aim of flipping the asset on to a third party at a markup. Now another member of the ninety nine percent club (down -99% since IPO)
bam bam rubble
08/2/2013
14:00
pimpi Thnx.
p@
08/2/2013
10:43
http://www.theqca.com/information-centre/markets/1441/delisting-from-aim-issues-arising.thtml
pimpi
08/2/2013
09:53
http://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2012-Barcelona/papers/EFMA2012_0509_fullpaper.pdf
pimpi
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