Joined you in topping up today at a smidgen over 70. CPO remaining firm giving a good start to the year - and better than 12 months ago. |
Topped up today
Not sure it was a wise move looking at the chart though |
EPS upgrade to 18.7p from 10.8p |
Big eps broker upgrade according to IC |
Quote "encouraging" Unquote |
Trading Update |
Much larger MPE share buyback announced today
A significant increase on previous ones
I would profits have increased by the same margin here so they can pay down debt |
Hi pb - lots of positives around, I think. And a few negatives.Company has indicated that higher prices will likely be offset to some degree by lower volumes. As for stone, company appears to continuing with the consolidation already mentioned. Then there is the £20m+ due in August. Suspect there will be some reduction with the rest rolled over.As regards takeover, imv a "local" is more likely. Everything depends upon CPO price remaining strong though. |
dandigirl. I hold a few ordinaries and really should have just bought more prefs instead, it was many years ago at much higher prices. With CPO hitting a multi year high if you exclude the covid peak. You would hope management will get things right this time. I hope the palm oil is producing good cashflow. I really hope the management team continue to retire expensive short term debt. Once this debt is fully repaid, If it was me running the company I would buy back prefs at below par. Then one day start paying dividends on the ordinaries. I just hope they do not buy any coal or stone mines where they have no expertise. Maybe in the new year we will get a takeover for the entire company. Come on MPEvans. I would be happy to take 120p for my prefs and 200p for my ordinaries. It would be a great Christmas present. To all Merry Christmas and Happy New Year. |
Bought a few ords this morning @ 77. |
Worthy of note, I feel:- |
An interesting move
Buying in debt |
2 x 250,000 share trades at very similar prices. Probably a cross? |
A bit "spiky" from 11am onwards. Anyone hear anything? |
Can anyone translate that last post in to English so it can be understood ? |
CousinIT. Thanks i thought this was new and exciting news. i was hoping a predator had bought a large stake and was getting ready to pounce. You have dashed my hopes. Oh well. It makes sense the voting was only about 12% when the prefs had a vote, now they are up to date the voting goes up to 29%. Dash and double Dash. Come on DSN or MP Evans time to bid! In my dreams. |
 Some context, I would expect any change in quantity to be reported as a PDMR transaction:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Emba Holdings Limited
2. Reason for the notification
a) Position/status Person closely associated with Richard
Robinow - a Director of R.E.A. Holdings plc
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
R.E.A. Holdings plc
a) Name
213800YXL94R94RYG150
b) LEI
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
Warrants to subscribe ordinary shares in the
Description of the financial instrument, type of instrument capital of R.E.A. Holdings plc
a)
Identification code GB00BLDRQN99
Purchase
b) Nature of the transaction
Price Volume
25.5p 1,100,580
c) Price(s) and volume(s)
Aggregated information
n/a
d)
Aggregated volume
Price
6 December 2021
e) Date of the transaction
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------------------------------------------------------------------------------------------- |
Not sure your statement is correct
A lot of shares have changed hands in the last couple of days or so
Surely a pref share holding would be listed separately
Though it states it on the doc but i don't think they ever issued one to include pref share voting rights |
As posted on the pref thread
All the Emba announcement is about is to state that the ordinary shares they already held now have full voting rights as there are no longer any arrears on the prefs (as the prefs have voting rights when there are arrears) |
Major holding announcement:- |
Closing has taken place and all immediate financial settlements have been made:-
Preference share arrears to be paid in full:- |
No opposition to the GM vote:- |
It does feel the REA is run for the locals. Not for the shareholders. |
Oh dear, a bit of rent stripping going on by the locals: we are just there to facilitate it. What a surprise.
"Once MCU has formally acquired all of the substantive licences required for the exercise the sand mining rights, pursuant to the terms of the joint venture agreement between KCC and the current shareholders in MCU, KCC will proceed to subscribe a 49 per cent interest in the enlarged share capital of MCU." |
No, but a trading update will be due soon and we are going to report a loss according to FactSet for 2023. I am disappointed we will have a huge diversion of profits in future years to the non-controlling shareholders, but maybe the group as a whole can negotiate better interest rates on its bank debt, given the injection of much needed cash from the minority interests. The replanting backlog must be huge now.
They might report a new loan repayment stream from the stone business but repayment of the coal loans can't be proceeding other than at a very slow pace with coal at approx. $130,I wonder, but we do have lower bankruptcy risk going forward, assuming the sale in the last RNS completes successfully.
I think our hosts have so many levers to control our rewards, which is a problem. Nice to see our share price rising for a change. |
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