George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
I had my suspicions from way back when he stood down from the Den after only 2 seasons.He knew the writing was on the wall.You have to be a successful business man to be a dragon to have credibility.I bet he is still a millionaire though.Too bad for anyone who bought into this dead duck.
GCI who took over OUT seem to be doing rather nicely out of their acquisition. http://www.gcicom.net/learn-more/news/gci-delivers-early-benefits-from-outsourcery-acquisition-with-microsoft-azure-launch Clearly those running OUT were just totally incompetent.
LSE appear to have given up on reporting any RNS's on OUT. They certainly missed this one: 18/07/2016 7:00am NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM OUTSOURCERY PLC At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 18/07/2016 7:00am pursuant to AIM Rule 1. ORDINARY SHARES OF 1P EACH, FULLY PAID (B9G9LV1)(GB00B9G9LV10) If you have any queries or require further information, please contact the company's Administrator on 0161 333 3000
Yes they have all gone.
I have a few thousands of Outsourcery (OUT) shares. I could not sell them in time due to some other issues. Can anyone please tell me what will happen to my shares? Will I loose all of them?
This is no surprise, many of us have been predicting this failure for over 2 years. Piers Linney has proved himself totally incompetent and no one should ever trust him again.
£0.7k lost here. Can swallow this humble pie.
GCI pay nominal fee and assume the £8m of Vida debt. I thought it was only 4!!!!! Apparently there is a pipeline of orders from Voda so GCI could do alright out of this.
But he's a dragon, he's supposed to be one of the creme de la creme of the business world. Are you saying he's no better than a second hand car salesman.
Business being offered around for nominal £1 with commitment to pay back Vodafone (Not sure exact amount but at least £4m) Piers Linney blaming Vodafone for it failing...... Really!!!! two CEO's on £250k PA and they want to blame Vodafone...Unfortunately only Piers and SImon made any money out of this one.....
Business being offered around for nominal £1 with commitment to pay back Vodafone (Not sure exact amount but at least £4m) Piers Linney blaming Vodafone for it failing...... Really!!!! two CEO's on £250k PA and they want to blame Vodafone...Unfortunately only Piers and SImon made any money out of this one.....
I think anybody with a basic grasp of maths/accounts could see this one was done for. What needs to be addressed is a certain twitter ramper with several accounts posting all over the place a 15-25p bid is coming. It's about time this person was stopped. The LSE finally saw sense and now block all accounts by him when alerted to them. But other sites he is still active with multiple accounts.
My work here is done and hopefully I saved some people from getting burnt. I have been accused of being a disgruntled employee trying to get my own back. I am not. As I have said all along I am someone who knows this industry really well and met PL on many occasions and knew this was all hype. Good luck to everyone in future investments.
PL and co should be hounded out of the City after this car crash. Tens of millions of investor cash wasted in an utter folly. Poorly led from day one by he and his sidekick SN as joint CEO's. Outsourcey luched from one cash crisis to the next for years. Numerous flawed strategies and poor execution epitomised. This business NEVER turned a profit. The market cap at its peak was utterly ludicrous. Shame for honest investors that were beguiled by the PR machine, and for the handful of staff that survived round after round of cuts.
Whoever bought 100k on 25th May, what the hell were they thinking? The warning signs were there, a fool and his......
Hi Knicol, have we been stuffed?
'Outsourcery has received a number of initial offers for its assets, though the potential proceeds from the current proposals would potentially leave no or limited value to equity shareholders'
..
Vodafone may be funding it just because it would have an adverse effect on some of their customers if it failed now. Then eventually just before it goes out of business Vodafone will buy it for a nominal sum.
I'm pretty sure directors will not be aloud to buy at present
I'm pretty sure the financial bods at Vodafone have structured the loan in a manner that is favorable to them and not necessarily OUT. Could be a very low risk approach especially if it is secured against something tangible. Why would they bother? At a guess to meet their own backed-off contract obligations in the easiest & cheapest possible manner. What Vodafone haven't done is purchased a sizable stake, nor have we seen any director dealing. With the share price at such a low would this not be the ideal time to buy if you believed in the value.....
Vodafone seemed concerned enough to be funding the company. Why else would they bother?
Any partner can apply for Cloud OS Network - you will see that most of the UK leading partners don't bother as it doesn't add any value. CIF is a membership organisation - you pay to become a member. Value of O-Cloud is massively diminished with both AWS and Microsoft launching UK data centers this year. When you see the likes of HP pulling out of public cloud as they lack the scale of the big 4 it's easy to see why OUT struggle to break even, let alone make profit.
They seem to be operating as normal. https://www.eventbrite.co.uk/e/the-outsourcery-annual-partner-event-tickets-22488129601