Prosperity Minerals Share Discussion Threads

[john henry] 25/6/2013 09:49

If they make an offer of 100% premium to todays price how can AIM investors

complain.

[celeritas] 25/6/2013 08:40

The aim listing really doesn't make any sense, he's not likely to want to raise money, what kudos do you get from being listed on AIM. It would be a much simpler affair to have one listing in HK. Cut costs and half the paperwork.

[dr contrarian] 25/6/2013 08:39

Eddie - Agree 10% is unusual, a takeover announcement though not probable, is not out of the question with the results announcement - given that PIHL already owns 2/3 of the shares.

[eddie catflap] 25/6/2013 08:26

Dr C, I check the price of PIHL every morning. I agree it is volatile but a 10% move is quite unusual.

(Apologies all for the throw away "take-over" remark. Just a comment and not meant to distract this very functional and focused message board.)

[john henry] 25/6/2013 08:25

The 100K buy at 84p has reduced the quote size Dr C

[dr contrarian] 25/6/2013 08:18

Wishful thinking eddie, but PIHL does seem to jump up/down 5% one day, then in opposite direction the next day. (edit - just took a look at the PIHL price - just jumped 7%)

Saying that - tried to get an online quote for 10k today and it appears the max. online is limited to 1.5k,

[john henry] 25/6/2013 08:15

Hopefully eddie, I don't see any reason why Wong ( PIHL) continue with this

AIM listing.

The market simply values PMHL 25% of NAV, maybe Wong is happy with that

LOL as hes done very little to correct the massive discount.

[topvest] 25/6/2013 08:14

I think that is wishful thinking. They seem to like having a LSE listing and I expect that to remain.

[eddie catflap] 25/6/2013 08:11

PIHL down over 10% overnight. Not found any specific reason yet. (It could be due to the massive premium they are about to pay for PMHL?) ;-)

[dr contrarian] 25/6/2013 08:08

Another solid performance from ACC overnight (+0.24%) against the poor market background, someone seems to be keen to pick up any loose stock.

[philjeans] 24/6/2013 13:58

All the sales from earlier on have now been soaked up by subsequent buyers.

Still nice and tight; roll on Thursday.

[philjeans] 24/6/2013 10:56

Co will be sitting on piles of cash now, or very soon, as the property sales complete and debt is extinguished, allowing a nice dividend to be paid.

Alternatively, Mr W may well decide to take the company private.

Either way, I see the share price continuing to rise, despite any China worries.

[dr contrarian] 24/6/2013 09:13

JH - Though as you mentioned, despite recent market turmoil, ACC and PMHL's stake holding up well, PMHL's stake still valued at 73p.

I sound like a stuck record, but the majority of the assets in the property division (NAV £2 + ) being given virtually no value at all. I would be more concerned if the company was just beginning the property sales, but the company's main property development is now around 90% pre-sold - update with full year results this Thursday.

[john henry] 24/6/2013 08:58

China worries starting to spook a few investors.

[celeritas] 24/6/2013 08:15

To be fair it's an easy sell for DS, the fundamentals speak for themselves.
ACC is doing fantastic, I follow Chinese cement producers after holding WCC for many years, not so much now but I am familiar with them.

[john henry] 24/6/2013 08:06

ACC holding up very well compared to the wider sector.

[pillion] 23/6/2013 17:13

from the thread

[bohemian13] 23/6/2013 16:49

Talked to Daniel Stewart the other week about the Company. The broker was positive about how the company was developing and was especially keen to highlight how well the property division had been doing.

I believe they will be updating their published research on the company after the preliminary results our announced.

[dr contrarian] 21/6/2013 09:57

Another announcement regarding PIHL's proposed mining purchase , thought it might have been the prelim results, though as mentioned with PIHL announcing on the 28th June, Thursday, 27th June looks almost certain be when the prelims are announced.

[celeritas] 21/6/2013 08:12

cana are holding it down this morning, only 2 mm's between 90p

[dr contrarian] 21/6/2013 07:40

ACC and PMHL putting in decent performances in tough markets.

[philjeans] 20/6/2013 16:29

Yes - it's an offer of 130p next week, I reckon, as I've said many times before on here. Too little of course, but he'll probably get it through.

Institutions might push him on to 150p.

Take it into PIHL and keep all the cash profits from the props for Mr W and his mates.

Easy peasy.

[celeritas] 20/6/2013 14:49

If you had property being sold left right and center at prices way above the expected, making a mockery of it's listed share price what would you do?

It would be a fantastic coup for Wong and PIHL, now the risk is mitigated with Oriental Landmark nigh on sold out. Once the permit is given, that income can be recognised, It's going to be one hell of an income never mind the recurring income from Oriental.

[dr contrarian] 20/6/2013 13:43

Not holding for the hope of a buy-out, as mentioned earlier, holding for recognition and the revaluation of the property portfolio. If a reasonable priced buy-out offer is made it will be an unexpected bonus.