The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Yes they will sell into any rise, until they are cleared and no news its a good idea to take some and wait.
They are all that holds this back, hence the spread also.
cash of £1.9m from accounts since last June, there current mc 0.5m, so alomst 4x their MC.
they have not done anything since then so most of this cash should still be there.
They have two assets which are out of their control, for sale.
Celadon Mining, which has been agreed for sale for $47m about $4.2m will come to Origo, there fair value on last accounts for this WAs only $1.129m, so they will be receiving over 3.7x their fair value.
Also I notice cash goes down about £1.2m pa
I see Damille Partners are also selling, gone from 60m down to 40m since December
I thought it best I mention as it gives the wrong impression otherwise that random people are selling, they are not, we have a seller and they have been here a long time, not many left at all now, dregs.
"Lansdowne Partners International Limited"
Great post.
Their MC is currently 0.6m
Cash £1.89m, this alone is 3 times their Market Cap
https://www.lse.co.uk/rns/OPP/half-year-report-3ttlmafljj7az7z.html
Gobi Coal $0.275m (£0.2m)
Caledon Mining fair value was carried at a "fair value" of $1.129 million, in their accounts.
But deal struct in June will give Origo $4.2m (£3.0m)
"The Company has been informed by the controlling shareholder of Celadon Mining Ltd. ("Celadon") that Celadon has entered into an agreement with a third party to sell Celadon's assets for approximately RMB 330 million net to Celadon or approximately $47 million ("the net sale proceeds") with closing scheduled for the earlier of (i) the lifting of certain restrictions on travel in connection with the global pandemic or (ii) 31 December 2020. The controlling shareholder then expects to return the net sale proceeds to Celadon's shareholders through a share buyback. If this occurs the Company would receive approximately USD 4.2 million. "
https://www.lse.co.uk/rns/OPP/investment-update-ex05p7jxt8uovh9.html
Origo Partners 1.9m Cash + £3m Asset (Celadon Mining) + Gobi coal (£0.2m) = £5.0m+
MARKET CAP ONLY £0.6m
Interesting RNS, under the radar so to speak but same time not.
Thanks unknontrader, this was always a chuck in the bottom drawer thing. In at a smidge under 0.19p so not spiked and just under£200 so won't kill me if it goes bust
The volume came from Twitter.
Based on the outdated website which I myself have posted below and did try to report the same day and get removed.
This is a buy and hold if you accept the risk and understand it is speculative, the big risers always are.
Left a buy order in in case someone wants to sell to me at 0.19p only £200 so if it goes horribly wrong then will have to stay at home one w/end... Oh wait lol
back down to 0.15
Steady as she goes, just see how it plays out, still speculative.
yeah,you did
0.22/30 atm
I did say.
here goes.....
Celadon*
£8.0 million they paid for a stake in Celedon back in 2011, £8.00 million quid.
Old news but food for thought never the less:
Aside from assets with a nil valuation, we continue to maintain investments in Celadon Mining Limited (Celadon) and Gobi Coal & Energy Ltd. (Gobi Coal). Celadon, as we announced on 12 June 2020, has entered into an agreement with a third party for the sale of the Company's assets. If the transaction completes, the Company would expect to receive net proceeds of approximately £3.3 million.
Who knows what will happen upon disposal of assets.
Comments like:
"The company has also has plans of using crypto trading bots for investing in bitcoins"
Who knows, thats part of the fun.
All the best.
This is a buy and a hold, don't wait till its 200%+.
See you in the future.
I keep on looking on here for a bit of conversation see what's going on and it's the quietest share board ever!
Seems a flurry of shareholding activity a busy day of trades yesterday and AGM as we speak...
Merry Christmas everyone anyways
Decent mid year update isn't it? Things being delayed due to Corona buy main asset valuation up to 3.3m? Doesn't that pretty much make it a breakeven on the current market cap considering the 20% coming back to investors so anything else is upside. Really think this could have some strong potential especially with all the tax losses.
Hey everyone, bit quiet in here...
Could someone tell me why this isn't an excellent RTO target with all these tax losses?
What the heck is going on here?