African Battery Metals Share Discussion Threads

[21richyrich] 13/12/2013 08:05

For a second there the buy price was showing at 125p !!

[simon templar qc] 12/12/2013 19:30

I wonder if the 575,000 was Andrew Perloff stake as they look like they were sold at a discount at just over 15 pence.

He isn't doing too well lately he has a stake in Elektron collapsed and so has his stake in Beale collapsed.

[blackpoolsteve] 12/12/2013 19:14

Why has Andrew Perloff of Panther Securities sold out if there is to be a bidding war?

Still large sells going through by other Institutions on delayed sales advice?

[akaaur] 12/12/2013 18:58

we are forgetting guys this made a 21m profit last year £60m would be too low there assets worth more

[simon templar qc] 12/12/2013 16:37

No doubt about it they have the money but they will be calling the shots. Comes back to my earlier post and that is why offer anything at all when the alternative may be administration? Too risky for my liking. They need over £60 million now to take account of market cap and the debt.

[albertedwin] 12/12/2013 16:28

empirestate - Agreed: I have followed suit with another more modest 3k

[empirestate] 12/12/2013 15:59

added another 10k here just now, we could see a battle for this one.

[mister md] 12/12/2013 15:25

Better Capital is a private equity firm that invests in businesses that need both operational and financial restructuring. Its current portfolio includes delivery company City Link, fashion retailer Jaeger, and doors and windows manufacturer Everest.

It was founded by venture capitalist Jon Moulton, who formerly headed Alchemy Partners, the private equity firm famous for losing out in a battle to buy MG Rover from BMW in 2000.

"Typically, the funds will invest in businesses with turnover of up to GBP500 million, requiring investment of up to GBP100 million and having significant operations in the UK, Ireland or Continental Europe," it says on its website.

[empirestate] 12/12/2013 15:21

Better Capital completes its fourth fundraising // 21 August 2013
Better Capital's 2012 Cell has recently raised an additional £186 million from new and existing investors. Net proceeds of £182 million were deployed into Better Capital's Fund II. This increases Fund II's total capital under management to £350 million, of which over £230 million remains as "dry powder" to be invested in UK, Irish and European turnaround opportunities. The period in which these funds can be invested has been extended to June 2016.

In aggregate, the Better Capital Funds have raised over £0.6 billion and, as ever, remain hungry for new deal opportunities.

Keep em peeled

[mister md] 12/12/2013 15:06

12 December 2013

STATEMENT REGARDING PRESS SPECULATION

The Board of Albemarle & Bond Holdings plc ("Albemarle") notes the recent press speculation regarding Better Capital LLP ("Better Capital") being an interested party in the formal sale process announced on 2 December 2013.

The Board of Albemarle confirms that, through the course of the formal sale process announced on 2 December 2013, it is in preliminary discussions with a number of interested parties, one of which is Better Capital.

The Board of Albemarle notes that there can be no certainty that an offer will be made as a result of the formal sale process, that any sale will be concluded, nor as to the terms on which any offer might be made. A further announcement will be made as and when appropriate.

[grahamite2] 12/12/2013 14:00

What other options? Given that a national bank is buying that seems obvious:

1. Get a perfectly good banking customer that's just having temporary difficulties
2. Buy shares at 15p and sell at £2 when things get back to normal

[simon templar qc] 12/12/2013 13:51

Interesting situation but if I was a predator I would be saying to the company I will buy you out for zilch and take on the debt!

What other options are there as they are highly likely to be lining up for the company.

[johncraven] 12/12/2013 11:28

Back over 35p in the next few trading sessions

[grahamite2] 12/12/2013 10:55

When I first bought this all those years ago I never, ever thought it would one day become a day trader's dream! Well done those who have made 30%.

[empirestate] 12/12/2013 10:41

should be some interesting speculation in this weekend's papers.

[mister md] 12/12/2013 09:40

in auction 22-22p

"A formal sale process for the business was commenced [last week], and although we have received expressions of interest there can be no certainty that an offer will be made." H&T Group and Apollo Global Management are said to be interested in Albemarle. However, the most likely buyer is expected to be the company's biggest shareholder, the US pawnbroker EZCorp.

[p@] 11/12/2013 15:39

Just made 25% in a day!.....LOL

[hvs] 11/12/2013 14:42

lol !!!!!!

Watch the end result.

[scotches] 11/12/2013 10:31

Barry is a business cretin but that doesn't affect his pay. Managers are not keen on contracts which relate to you actually being competent.


"....despite sending the company to the brink of collapse, former chief executive Barry Stevenson managed to nearly double his pay packet before taking early retirement this year - including a £331,000 pay-off, according to the latest annual report.

Despite Albemarle's continuing problems, former chief executive Barry Stevenson managed to walk away from the company with £631,000 this year, up from his salary of £345,000 in 2012. The company said the boost in his pay was in line with his contractual agreements.

hxxp://www.standard.co.uk/business/business-news/albemarle--bonds-crisis-deepens-but-exbosss-pay-doubles-8992554.html

[mister md] 11/12/2013 10:19

bought a few back

Norges added more - see RNS

[mister md] 11/12/2013 09:35

willy wave - lol ;)