Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yanis, I have MMAG as up +120.00% since you first mentioned them here!
Well done on getting some money back in your account :-)
Yep, same as I do wyn, 'word of bulletin-board'.
I believe that hydrogen might be used for heavy goods vehicles first of all.. If things go well elsewhere I might try to put some into hydrogen green energy.
Do you recall I have some Tile / Tiziana? They have gone down quite a bit on the nasdaq. I'm not sure everything that moves there goes up. Especially after 4D Pharma. TILS haven't had much solid news for 2 years. The CEO recently had a phone call meeting with investors and said all the right things but not many are convinced. It'd be great if it were all true but sp speaks louder than words.
not really, just like we do here... Yanis has mentioned MMAG so I have had a look at it. I think it was on HE1 and someone mentioned ECO. Likewise your interests have always made me take a look.
I always look up what people say looking for a potential opportunity.
Hi Wyn, good luck with ECO. You must do a lot of research to find these companies!
"'ve resisted posting that when buyers DO push up the price of something" Ha well thanks for not adding fuel to that fire!!
(i honestly thought it was pretty straightforward but I am begining to think its me after all, ha ha)
Its frustrating though with stocks. I have been in eco for about 2 months or so ( 1 month before spuding, expecting a bit of a bump then), and then it was meant to ne a 25 day drill and god knows how long its been now... the profit (assuming it was not a duster) was meant to go in a whole variety of stocks by now...
Hey ho
Hi Wyn, you're right on hydrogen. My wife works in gas industry and they are pushing hydrogen and ammonia quite hard. I actually mentioned hydrogen a couple of weeks ago, not sure if was here.
Ilika have further to fall I believe but I'll watch them. They also make very small batteries that could be used in implanted medical devices too.
I have bookmarked ATOME. Don't know anything about them though, other than they are developing hydrogen.
If I'd put money into shares in the company my wife works for (when I bookmarked them) i'd be up +94.79% !
I do have BMN bookmarked as I know you follow them. I just have to get some profit from elsewhere before I can do anything really :(
I've resisted posting that when buyers DO push up the price of something (such as at a charity auction for football memorabilia) the prices do go crazy! We could do with a bit of that everywhere we invest :)
fwiw D I am reliable informed that electric car batteries are just a stop gap for hydrogen fuel cell tech. (don't know if that would reduce the demand for Ilika?
(Does look like another long range punt on a loss-making company though?)
BMN might be worth a look? (Its SA which always is a bit of a red flag for me because of widely reported corruption), but seems to have stabilised at a pretty low SP and may have turned a corner ?
Cash permitting I had been thinking of getting back into battery developer ilika https://www.hl.co.uk/shares/shares-search-results/i/ilika-plc-ordinary-1p where I previously achieved my only 'bag', even though sold out way too early, in the 40's. It reached around 250p
Anyway, it fell off the cliff this morning. Still worth bookmarking perhaps.
Cheers Yanis
It's not just eve coming unstuck though, it's happening to a lot of formerly 'good' companies. If the landscape had remained the same then CC's plan might well have worked.
What happened is more like a sudden downpour during an F1 race. All the cars with slick tyres have spun off or are driving at walking pace. (So Lewis Hamilton hasn't driven his Mercedes into the barrier because he got a free breakfast on Wednesdays, along with his dog, in my opinion :-)
I'm not sure what eve could have done to cope through a period when many fewer people would be buying their products. Admittedly, had CC been more ruthless it would have delayed the day of administration but do we think that eve could have prospered – even survived – through the cost of living crisis without the deep pockets of a much bigger outfit?
Morning all, never again Wyn - lesson learned. Dipped my toes in to both made.com and Joules but when the word admin was mentioned bailed straight out.
With MMAG the last TU was not really that bad. The damage to the SP was done when a large shareholder decided to bail out. However, another one (Schroders) decided to take the opportunity to load up. The BOD also dived in and bought heavy, with one of them buying a very large amount, in excess of a million shares. All insiders are heavily invested.
They have finished building the SMARTDdrop kiosks in Asda stores and also entered in to supplying and maintaining business IT - smart phones, tablets, etc. Stagecoach is their first one. They are expanding.
They have a £30 mil revolving credit facility.
The IPO was at £2. Last Feb the SP was higher than 160p and a couple of months back higher than 50p. I don’t expect the SP to get back up there any time soon but high double digit is doable.
This is not a solicitation for anyone to buy, just my opinion, please do your own review.
I agree DGU, it reads she was more focussed on the "team" than her actual responsibilities.
(I remember posting a good while ago that she seemed more concerned with staff days off/good times/bring your dog in/ have friday drink etc etc and said that I hoped she was putting enough thought into actually running the business.
All you can do is take lessons from this and be aware if you think history is repeating itself.
Pity there was not financial awareness by CC and her brilliant team who ended up bankrupting EVE as a stand alone business and ruining a few shareholders lives in the process who believed CC and the board were the experienced business people they claimed to be!
'Cheryl Calverley
• 3rd+
ex. chief Executive Officer at eve sleep
1w • 1 week ago
Follow
I've been stalling on doing this, but I felt the time had come to update my LinkedIn. 3 weeks ago, our beloved business, eve sleep went into administration, and was bought by the lovely people Bensons for Beds . For anyone out there who's gone through the horrendous process of systematically dismantling everything that you've spent a significant part of your life building, poured your heart and soul in to, you'll know how hard that is. Made all the harder because of the huge pride we felt in the business we'd built, in each other, our products, and the delight we offered our customers at every touchpoint. However, despite the pain of the past 6 months, our pride has remained. Through the most challenging professional period of our lives, this incredible eve sleep team continued to support, care for and encourage each other, remaining awe-inspiring in their passion, optimism and comitment, right to the end. When we set out to build eve into the world's first sleep wellness company, we set out to create an environment that would lay down a gauntlet to other businesses, and a benchmark in people's minds as to what a great place to work felt like. A place of challenge, support, creativity, inclusion, a place where the work felt meaningful, where the individual and all they can bring was valued and encouraged to thrive, and where the importance of happiness and optimism in daily life was enshrined in our values. A workplace that made sure you slept well every night, even Sunday. So thank you all, team eve, for your love, laughter and loyalty. You're a goddamned brilliant bunch.'
well done Yanis,
Looking at MMAG, and reading their TU it sounds pretty grim.
Is the confidence based soley on the fact schroders increased holdings?
Another good morning for MMAG Yanis :)
Remember eve's (somewhat hapless) courier, DX? They have news out today and their SP rose. I've have them bookmarked for if I ever get spare cash, which I don't yet. Their difference is that they are happy to courier bigger items, hence the link with eve. When the retail market finally picks up they could be well placed.
'DX REVENUE AND PROFITS RISE AMID 'STRONG' FY PERFORMANCE
(Sharecast News) - Logistics company DX said on Tuesday that both revenue and pre-tax profits had grown in the 12 months ended 2 July, driven by a "strong performance" at DX Freight and an improvement at DX Express.
DX said revenues had risen 12% to £428.2m, while underlying earnings increased 30% to £50.3m. Pre-tax profits were up 68% on an adjusted basis at £20.2m and 64% on a statutory basis at £17.4m.
Basic earnings per share, on the other hand, dropped 11% to 2.4p, reflecting the previous year's recognition of deferred tax on unused tax losses.
On a divisional basis, revenues were up 15% at DX Freight and 8% at DX Express at £256.9m and £171.3m, respectively.
Overheads decreased as a percentage of revenue to 5.1% from 5.3%, excluding exceptional items. Including £1.6m of exceptional items, overheads increased to £23.5m.
Looking ahead, DX said first-quarter trading was in line with internal expectations, with its three-year £20.0m-25.0m investment programme set to "drive revenue and margin expansion". DX also said it was "well positioned" to achieve its growth objectives despite current economic headwinds.
Separately, DX said chairman Ron Series had retired from the group, with immediate effect, and will be replaced by Mark Hammond, who will take on the role of executive chairman until such time as a new chief executive officer can be found.
As of 1050 GMT, DX shares had shot up 11.20% to 27.80p.'
MMAG still doing good Geeman and hopefully it will keep going up. Fingers crossed. A long way to go to recover Eve losses :(
And on the subject of Eve, another one bites the dust - Joules. Another one I bought on the drop but bailed out with a small loss when the possibility of admin was mentioned. Lucky escape. Never again, the Eve lesson was very powerful.
Really great news that MMAG is doing well for you Yanis. I'm committed elsewhere now and hope my other shares' time will come. In our only dealing with a purchase from Music Magpie they were very good and it stuck in my mind. Do you have a strategy now?
I followed wyn into WOSG with a bit of what I saved from eve and that's done well. I am always checking the RSI now and will sell 30% at achieving a 30% rise. Then hopefully buy back for less a bit later.
My intention is to keep in touch with this BB and hopefully we will have some successes to share after losing so much on the 'old' eve.
Made.com was almost a carbon copy of eve's story. They were saying on the radio that customers may struggle to get things they've paid for and you can't always rely on Charge Back (debit cards) and credit card companies to sort it out. Glad you got out in time.
Geeman, forgot to mention this.
Bought some Made.com but the moment the news came out jumped off. Learned my lesson from Eve :)
Geeman, mate, I am making £10k atm - recovering 16% of my losses in Eve so far and I am hoping to recover all of my Eve losses from MMAG. Fingers crossed.
MMAG IMO is way oversold. Has 108 million shares in issue and most are tightly held. There are only 35.2 million shares on free float for trading. Can make really big moves.
Last February the SP was 160p+
Last August the SP was 50p+
Way oversold due to a holder coming out on not so good news. Another one though (Schroders plc) is loading up.
Due to the tiny float can make really big moves. For me MMAG is the one to hold now but do your own review. Each to their own assessments.
Yanis, well done on music magpie!
Hi dontgive, are you still going to invest in shares or is 'that's it' for you?
I am very much in the red now but at least I'm diversified and I dare say a day will come when some of mine go back up (& much more if I'm very lucky). I had twice as much (or more) in eve than my next biggest holding so it's been quite a hard pill to swallow.
At least there was an apology mentioned to Made shareholders - more that we got!
'Clothing and homeware retailer Next has agreed to buy Made.com out of administration.
The collapsed online furniture retailer said on Wednesday that administrator PricewaterhouseCoopers has entered into an agreement with Next to buy its brand, domain names and intellectual property.
No financial details were given, but press reports have suggested an acquisition price of around £3.5m.
Other remaining assets will be realised by the administrators in due course and payments made to creditors in accordance with the statutory priority, Made said.
Chair Susanne Given said: "Having run an extensive process to secure the future of the business, we are deeply disappointed that we have reached this point and how it will affect all our stakeholders, including employees, customers, suppliers and shareholders.
"We appreciate and deeply regret the frustration that MDL going into administration will have caused for everyone."'
Seems to me anyone at all would have been a better CEO if they just watched the bank balance and took appropriate action if it was dropping! How could a CEO and BOD sit and watch a bank balance drop from 8.5 million to ( finished at 300k) when administration was called by BOD for Bensons to snap up at 600k ( or only appropriate 300 mattresses worth)!