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Https://seekingalpha.com/article/4684251-ganfeng-lithium-staying-neutral-following-recent-investor-briefing
Realistic I suppose at this stage.
Although there's a big gap, Galvez will be a great win for us if it were to happen, this is her stance on the the energy reforms:
https://www.bnamericas.com/en/news/mexicos-xochitl-galvez-vows-to-respect-energy-market-reforms
The reforms were declared unconstitutional in February by the supreme court, however.
“There were people who already had investments, who had already practically complied with all the regulations to connect to the CFE and [the government] simply decided to change the dispatch of energy to fossil sources instead of clean energies, leaving many investors hanging,” Gálvez, representing the opposition PRI-PAN-PRD coalition, said.
"I promise that in my government, the law will be respected. Here, the law will not be the president's way," she said.
So are families exempted as a lot of investors do
So it is net then?… nsp’s…
gets me every time bannor ◀️
....didn't like the 'less than' symbol....
Market maker Exclude if holding less than 10%.
Investment/fund manager Certain managers can disclose holdings in UK issuers at higher initial thresholds of 5% and 10% (and every 1% thereafter).
Conditions apply to all exemptions – refer to Memorandum.
Key aggregation
Parent undertaking Aggregate and disclose holdings of it and its controlled undertakings. Where parent discloses on an aggregate basis, subsidiary is not required to disclose. Disaggregation exemption for parents of some management companies / investment firms.
Investment manager Aggregate and disclose managed holdings where it has voting control.
How to disclose As soon as possible and by midnight within 2 trading days (UK issuers) or 4 trading days (non-UK issuers) of knowledge of disclosable event (i.e. generally trade date for on-exchange – refer to Memorandum for detail. To FCA (online via ESS portal – pre-registration required) and issuer. Use the standard form.
Articles UK incorporated issuers may impose lower/intermediate disclosure thresholds in their constitutional documents.
Additional local disclosure Foreign companies admitted on AIM may impose obligations on holders via constitutional documents.
Short selling
Restriction: Ban on naked short selling of shares. Covered short selling is permitted in prescribed ways.
Position disclosure: Disclose net short positions (NSPs) in shares, including synthetic positions e.g. via cash-settled derivatives.
Disclosure Thresholds:
0.2% and each 0.1% thereafter (0.3%, 0.4% etc) of issued share capital – private notification.
0.5% and each 0.1% thereafter of issued share capital – public disclosure.
Disclosure scope: NSPs in shares admitted to trading on a UK trading venue (regulated market or MTF), regardless of whether position is taken on a UK or non-UK venue.
Key exemptions: Shares whose principal trading venue is outside the UK (see FCA’s list). Market making activities. Stabilisation.
How to disclose: Calculate at midnight and notify by 15:30 on the following trading day. To FCA via ESS online portal (pre-registration required).
Separate restrictions apply to short selling of sovereign debt and sovereign CDS – refer to UK Short Selling Report and Memorandum.
Hmmm doesn't seem to want me to post that Market makers are exempt @ less than 10%
The Fundraise was with a single institutional investor
Market maker Exclude if holding
Key exemptions
Trading book Exclude holdings not exceeding 5% in trading book of a credit institution or investment firm.
Custodian Exclude if custodian can only exercise voting rights under specific written/electronic instructions.
Market maker Exclude if holding
UK-incorporated issuer: 3% of total voting rights and each whole percentage (4%, 5%, etc) point after that OR non UK-incorporated issuer: 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of total voting rights. From holding: (i) shares; (ii) financial instruments referenced to shares (entitlements to acquire and financial instruments with similar economic effect); or (iii) aggregate of (i) & (ii).
Change in nature
Disclosure required where a holder of a previously notified financial instrument acquires the underlying shares and a shares and/or financial instruments threshold is tripped but overall % held is unchanged.
Issuers in scope
UK or non-UK incorporated issuers whose shares are admitted to trading on a UK regulated market and UK incorporated issuers whose shares are admitted to trading on a UK prescribed market (e.g. AIM).
Interests
Direct and indirect holdings of: (i) issued voting shares; (ii) financial instruments which give the right to acquire or the discretion to acquire issued voting shares; and (iii) financial instruments with similar economic effect to (i) or (ii), whether or not physically settled.
Red Equity shares
Red Depositary receipts e.g. ADRs, GDRs
Red Secondary listing
Red Suspended shares
Green Convertible preference shares
Green Convertible debt securities
Green Warrants referenced to unissued shares
Red Covered warrants
Red Exchangeables
Green Subscription rights (nil paid and open offer)
Red Single stock future (physically settled)
Red Writer/seller of put option (physically settled)
Red Buyer of call option (physically settled)
Red Cash settled (e.g. CfDs/single name equity swaps)
Yellow Equity index/share basket instruments (cash settled)
Green ETFs (exempt shares)
Red Stock loan
Red Stock borrow
Key exemptions
Trading book Exclude holdings not exceeding 5% in trading book of a credit institution or investment firm.
Custodian Exclude if custodian can only exercise voting rights under specific written/electronic instructions.
Market maker Exclude if holding
The rationale is that instead of selling EMH, management did a placing in Feb 2022 and then took out a loan in May 2023, expecting EMH to go up and it went down, so they gambled and lost essentially.
Back in 2021 the EMH stake was worth £12.57m. (05/10/21)
Is that a net 0.1%… i.e. can you offset your shareholdings against shorts (owned and/or borrowed)…
1% shares & 1% shares owned sold short = net zero (below 0.1%)…
1% shares & 1% shares borrowed sold short = net zero (below 0.1%)…
???
BTW our EMH holding has gone up by £500k since the placing... I'd love them to just have cancelled it and sold down EMH at this point but I highly doubt it.
Shorts have to be reported at 0.1% so it's not that. It's down to the holder to disclose, not the company. Given we are reporting the new share count one can assume they have been admitted but not disclosed at this stage. There has not been enough volume for them to be disposed of.
Thoughts if we don’t get the +8.4% tr-1… what’s the % reporting threshold… i don’t remember them tr-1’ing last time… which was for the 4.6% placing… are they that short to get the sp so far down they now have a net zero holding… incl warrants… can’ts… call the 👮 👮 👮…
Https://mexicobusiness.news/energy/news/amlo-seeks-further-energy-reforms?tag=energy
President Andrés Manuel López Obrador and MORENA are pushing for two significant energy reforms this year, aiming to further diminish the role of private players in the sector and limit the ability to challenge government measures through injunctions.
The first reform, part of the package of 20 constitutional reforms proposed by the president, seeks to prioritize access to electricity as a human right at affordable rates by granting priority to the federal power company CFE over private entities. This initiative faces the challenge of securing the required two-thirds majority in Congress. However, with the upcoming elections in June and a potential shift in legislative composition, there's a possibility of garnering the necessary support.
The second reform, currently under consideration in the Senate, aims to restrict judges from suspending regulations, decrees, and public works through injunctions. MORENA and its allies have sufficient votes to pass this reform, which could significantly limit legal resources against government actions.
It’s the Tom and Jerry scenario. . If the cat actually catches the mouse then there is no more Tom and Jerry show . Last thing they want is the show to end that’s why waste of space companies like this will never deliver . Lab and conservators are the same
I’m also keen to hear Kiran explain the rational behind the most recent placing as well. I hope there is a reasonable enough explanation but that remains to be seen. I get the feeling more people than not are sick of him now over promising and under delivering. The time is now IMHO or he needs out. That’s my opinion anyways. GL all
Correct and I would have to agree. I have been royally done myself in various shares. None or very few seem to deliver what they set out to do. Iv learned some hard lessons, that’s why I’m hopeful this reaches anywhere between 15-20p some time soon so I can sell up, move on and buy another investment property. These markets are a fools game IMO and it’s very clear now why only a small few actually make any money. I never like to see anyone lose any money so hopefully this can be one of the few that can deliver some value to its sharehodlers. Eventually!! I have a feeling it might but let’s see as I’m always wrong! 🤣 GL
Struv They don’t do anything full stop . If it was just this company I could understand it but all shares appear to do the same . Long term seems like a fools game .
As for Kiran buying some shares . That seems like pacifying the crowd . I bet he’s took more in salary from KDnc than he has put back in .
I take ownership for my irrresponsible investing btw .
Hmmm - well the SCAP on this forum is now showing 197M as well but still no further news yet ..... from memory I think significant holding notifications are 3 days for UK based holders & 5 days for non UK holders .... don't quote me though..... however if it occured last Thursday as announced in the RNS we should find out soon by who unless they've managed to offload 5% already LoL 😂
I hardly think so CBax. They have some work to do and pronto if the vast majority long term are even to get there money back. Also Kiran has plenty shares himself. As has been pointed out plenty on here people looking to invest don’t pay a jot of attending what is spouted on here and has no baring on share price going up and down, so I highly doubt the Bob base anything they do off what is said off a chat board either lol
I suppose if the directors read the chat . No rush from to work well or hard to get the SP up .
When they know we will bailout . Stay on the gravy train is what they will do
Https://latinamericanpost.com/technology/mexico-to-harness-lithium-for-electromobility/
Claudia Sheinbaum, Mexico’s ruling party presidential candidate, announces plans for a new technology developed by the Mexican Petroleum Institute to extract lithium from clay, positioning Mexico as a leader in the global electromobility industry.
In a significant development that could reshape Mexico’s economic and environmental landscape, Claudia Sheinbaum, the presidential candidate from the ruling party, has pledged to advance the country’s role in the global electromobility sector. Speaking in Hermosillo, the capital of Sonora, Sheinbaum detailed plans for the Mexican Petroleum Institute (IMP) to spearhead a groundbreaking initiative to extract lithium from clay—a vital component for electric vehicle (EV) batteries.
“Lithium and copper are strategic resources that play critical roles in producing electric vehicles,” Sheinbaum stated. “While copper extraction is well-established, developing efficient methods for lithium extraction from our unique clay deposits in Sonora is essential for our vision to drive the country forward in electromobility