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Oil has been ticking up lately - I wish we had some!
This is from an e-mail reply I received from them when I enquired re. delisting: "The proposed de-listing is still subject to a shareholders vote, after which your shares may be transferred to the Johannesburg Stock Exchange (JSE). The relevant information will be set out in a circular to shareholders in due course. This will include detailed steps of the processes involved and the options at your disposal."
Which way will she blow today? Further into the darkness or up towards the faint glimmer of daylight and a Druid
Lesson: Never trade based on your biases.
If you believe in charts to forecast the SP you are totally deluded.
i have never heard such pathetic ramping in my life! Over borrowed or scared people ramp like that. The equivalent of a very nervous smile.
Thanks for reminding us Jimmy - lest we forget you have been correct for the last 5 years
I used to have a large holding in ESP, bought at a couple of the fund raisings last year. However, I sold out, not because of the Brexit story but because 1. I was concerned when the finance director recently resigned, 2. The management incentive scheme looked greedy, given the size of company and what was already in place, in my opinion and was not backed by blanket vote from shareholders when it was passed, 3. the portfolio revaluation gains have been a significant part of dividend, which has until now not been covered by earnings (ie from my understanding the capital raises have been used to fund the headline 6p dividend). 4. another fund raising is due, the problem they have is to get large oversubscription is harder given last was @107 and share price not that much higher now.
Wait for big spin from our beloved. If no farm out better he hit roads.