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PMM, PORTMAN LIMITED
juke
post Posted: May 23 2008, 01:02 AM
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PMM must be rolling in cash since they haven't paid any dividends for some years. I was rather surprised that Cliffs did not use the creep provision to increase their holding; it has stayed at 80.5% all this time. I notice that the 9.39% buyback will not quite lift Cliffs over the 90%. Would this not be allowed under rules? Certainly this should flush out the small holders. After that Cliffs can do another TO offer and needs negotiate with only one of the remaining holders (or do it in reverse order).

I have continued to read their reports and have noted that they tend to downplay their profitability every time whereas any other company would crow with achievement. Clearly not all shareholders are equal.

Glad to note that you fellows are still around.

Juke

 
wolverine
post Posted: May 22 2008, 10:05 PM
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thanks suti

i haven't looked at PMM for ages.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
suti
post Posted: May 22 2008, 08:10 PM
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In reply to: wolverine on Tuesday 14/02/06 04:25pm

looks like the yanks have found a way to get to 90% and use the franking credits which are worthless to them.

 
wolverine
post Posted: Feb 14 2006, 04:25 PM
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presumably anticipated Fe ore settlement prices



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
Moko
post Posted: Feb 14 2006, 03:45 PM
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PMMers,

Any ideas on why the share price has tanked by 21% over the last 7 trading sessions?

Cheers
Moko

 
JCFC
post Posted: Feb 7 2006, 11:42 PM
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In reply to: Mr.Dollar on Monday 07/11/05 11:34am

Hi Mr Dollar

'from Cleveland and I think it will be pitched at the $4.40 - $4.60 mark !! '

whats doe sthis actually mean for PMM?

thx

MS

 

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Mr.Dollar
post Posted: Nov 7 2005, 11:34 AM
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In reply to: wolverine on Monday 07/11/05 11:29am

Yeah it did feel great !!

At current prices I still think you might get a trade out of it but I also believe another second offer will happen very shortly from Cleveland and I think it will be pitched at the $4.40 - $4.60 mark !!

 
wolverine
post Posted: Nov 7 2005, 11:29 AM
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In reply to: Mr.Dollar on Monday 07/11/05 12:10pm

feels good eh.

i'm a one timer too.

seems PMM has kicked off support line near mid-teens. might be a cute trade in it.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
Mr.Dollar
post Posted: Nov 7 2005, 11:11 AM
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In reply to: Mr.Dollar on Monday 07/11/05 11:10am

That's share TRADING not tarding life !!.....LOL LOL

 
Mr.Dollar
post Posted: Nov 7 2005, 11:10 AM
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In reply to: wolverine on Friday 07/10/05 04:58pm

Well I can gladly say I sold my 3000 shares for $5.10 a few weeks ago and for the first time in my share tarding life, (that goes back 10 years) I got the absolute highest price recorded for the share !!!......

You beauty !!!....
biggrin.gif biggrin.gif graduated.gif

 
 


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