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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lonmin Plc | LMI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 75.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 75.60 |
| Top Posts |
|---|
Posted at 22/5/2019 21:57 by bouleversee Depends what's involved in opening an account with them. However, as Interactive Investor is upping its charges and isn't all that good, I'll look into that. |
Posted at 26/2/2019 21:08 by walstib Can anyone tell me just how this take-over is carried out? all the big investors seem to be handing over their shares to Sibanye; but when does Lonmin become Sibanye? |
Posted at 18/2/2019 12:19 by cottlet all the great investors say buy and hold...……its picking the right stocks that really counts...….. trading is a no brainer unless you wish to sit at a screen all day. there is more to life...… However, this was a good company until Tiny Rowland disappeared from the scene. there is much ground to make up now ……… |
Posted at 08/2/2019 18:25 by bouleversee LuckyMouse 15340 -If you were referring to my post, I wasn't whinging, merely making a statement, and when all went pearshaped I was far too occupied giving my terminally ill husband 24 hr care. I took up the rights, trusting the company that this was a sensible thing to do to give them the chance to make good. I am not a trader, just a long term investor and whilst I don't like losing my savings, money is not my main focus in life. I think I have my priorities right. I have come to the conclusion that, unlike when I started investing getting on for 60 years ago, it is impossible to compete with the algorithms, shorters, traders and smart alecs who manipulate the market these days. It matters little to me but lazy I am certainly not. |
Posted at 22/11/2018 08:18 by scoble2 Johannesburg, 21 November 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to announce that the South African Competition Tribunal (the Competition Tribunal) has approved the proposed acquisition of Lonmin Plc (Lonmin)(the Transaction), subject to specific conditions.In addition to the conditions agreed between Sibanye-Stillwater and the Competition Commission (details of which were provided in the announcement on 18 September 2018), a further condition has been imposed by the Competition Tribunal, namely: -- a moratorium on retrenchments at the Lonmin operations for a period of six months from the implementation date. This excludes any voluntary separation agreements and ordinary course of business terminations, and does not prevent the Company from initiating proceedings in terms of Section 189 of the Labour Relations Act, as long as such proceedings are not finalised before six-months from implementation of the Transaction Neal Froneman CEO of Sibanye-Stillwater commented: "I am extremely pleased that the Competition Tribunal has approved the Transaction, on terms which we believe are fair, reasonable and in the best interest of all stakeholders. We are confident that the integration of Lonmin's PGM assets and Sibanye-Stillwater's adjacent PGM operations, will ensure a more sustainable and positive future for these assets and bring greater stability to the region. I would also like to acknowledge the comprehensive and pragmatic approach taken by the Competition Commission and Competition Tribunal, with all stakeholders having been given due consideration. This has ensured a fair and judicious outcome, which recognises Sibanye-Stillwater's commitment to the South African mining sector and the benefits that will accrue to all stakeholders." The Transaction remains subject to the satisfaction or (where applicable) waiver of the conditions set out in the announcement of the Transaction by Lonmin and Sibanye-Stillwater on 14 December 2017. Such conditions include, amongst others, the approvals of Lonmin and Sibanye-Stillwater shareholders and the courts of England and Wales. A circular to Sibanye-Stillwater shareholders and the Lonmin scheme of arrangement document will be posted to the respective shareholders in due course. Included in those documents will be the expected dates of the shareholder meetings and timetable to the closing of the transaction. For more information on the proposed acquisition of Lonmin by Sibanye-Stillwater, please refer to |
Posted at 15/10/2018 16:11 by scoble2 Why I’d buy Lonmin plc after Sibanye Gold Ltd’s takeover offerRupert Hargreaves | Thursday, 14th December, 2017 | More on: LMI SBGL It looks as if struggling platinum miner Lonmin (LSE: LMI) has reached the end of its life as an independent company. After years of struggling with low platinum prices, workforce unarrest and high costs at its deep mines, this morning it was announced that the managements of Sibanye Gold Limited and Lonmin have reached agreement on the terms of a recommended all-share merger. Sibanye Gold, which is trading under the name Sibanye-Stillwater, is offering 0.967 new Sibanye-Stillwater shares for each Lonmin share. Based on the 30 trading day volume weighted average price of Sibanye shares, the offer values each Lonmin share at 100p for a total value of £285m (according to this morning’s press release). Commenting on the proposed merger, Ben Magara, Lonmin’s CEO said: “The combination with Sibanye-Stillwater provides a stronger platform for Lonmin Shareholders and other stakeholders to benefit from the long-term upside potential of an enlarged Sibanye-Stillwater group with greater geographical and commodity diversification.R Time to buy? Even though shares in Lonmin have jumped by around 20% this morning after the announcement, I believe that there could be an interesting opportunity for investors. It has been hamstrung in recent years by a weak balance sheet and lack of scale. Indeed, the company has raised about $1.7bn from shareholders in the past eight years, and profits have collapsed as management has struggled to restructure the business. Meanwhile, Sibanye has been busy buying up platinum mines. In 2015, Sibanye agreed to buy Aquarius Platinum Ltd then it gobbled up some high-cost platinum mines from Anglo American Platinum Ltd. A year later, the acquisition of Stillwater, the only palladium and platinum producer in the US was announced. These deals have left it with high levels of debt, but they’ve allowed the group to achieve scale in the platinum business, something the acquired entities never had. This is why I’m positive on the deal. Not only are the shares still trading at a discount to the offer price, but investors who buy-in will end up owning a stake in what will become the world’s most dominant platinum miner. |
Posted at 13/10/2018 17:42 by redbaron10 Green shoots? Is Lonmin doing a Lazarus? Let's just keep our fingers crossed the Sibanye deal completes.Thankfully i've always had a AAL hedge against this investment,but the amount of time i've wasted on this commodity play has meant it will live long in my investment memory.Every investor has his losers,but the geopolitical backdrop,the demise of diesel cars,the legacy issues,the continual drip feeding of negative newsfeed around this company, means that i can't wait for it to tie up with Sibanye.I appreciate the large debt pile this company has already,but it will have more success in future pay negotiations with the mining unions imho and there is a dose of realism now that Ramaphosa has replaced Zuma.Patience is the name of the game investing in gold and pm. |
Posted at 01/6/2018 10:18 by bouleversee Excuse the ignorance of a non-trading investor; what is a UT trade? |
Posted at 25/5/2018 08:45 by dealy with Sibayne share price looking so sick I think investors need to start valuing Lonmin as a stand alone entity |
Posted at 09/5/2018 23:43 by kulvinder Dearly for any genuine investor I wish them well and like you say this is a well run company falling on hard times, and as such will work their way out of it, the original reason I believed it was a good investment. Like I say Good Luck as we all here to improve our lives and as well as make it easier for our friends and family. |
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