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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 | 75.60 |
| Top Posts |
|---|
Posted at 03/6/2019 15:11 by saltaire111 I hold LMI shares with ii. Current value is (gulp) down to just £900. Imagine how much these shares were worth when the share price was £40 a share back in 2007!!!I received a message from ii saying that they’re not holding shares, due to the listing being in South Africa, and therefore I assume I will be receiving a share cert from them. Can anyone who knows more about this arrangement confirm if my understanding is correct? Thanks. Salty. |
Posted at 08/4/2019 16:05 by foxy22 South Africa's not short of the black stuff eitherYes a lonmin dividend would be amazingBiggest irony as soon as platinum prices recover its taken over so I suppose all we can hope for is a sibanye divvy |
Posted at 20/12/2018 11:46 by david15x No. Effectively a ‘1 for 1’ for shares in SGL. If you buy LMI you’re effectively buying a share in SGL.JSE |
Posted at 06/12/2018 14:13 by joecase Can anyone confirm the deal will be done at 89P for the LMI share? |
Posted at 22/11/2018 12:06 by spacedust So the lmi price is redundant. Sbl price is eveything |
Posted at 08/11/2018 08:24 by foxy22 Thanks for replyDo u think banks are shorting lmi shares heavily or share price just reflective of sibanyes |
Posted at 30/10/2018 16:26 by foxy22 Lmi on the way up again.... |
Posted at 23/10/2018 12:56 by foxy22 JotohaLmi up strongly todayNoticed sibanye top of jse this am |
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 15/10/2018 08:17 by foxy22 Redbaron you put the story of lmi very well.It is often the time and energy expended on these losing investments that is the most frustrating.But with Sibanye lmi has a better chance no doubt. |
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